84% of leadership believe in-person events are a vital factor in their company’s success. That’s because trade shows allow you to showcase your products to a group of individuals who are already interested in what your industry has to offer.
Trade shows can be a critical means of boosting brand awareness, generating new leads, and meeting with current and potential customers. But you can’t just reserve your space, set up your booth, and hope for the best.
The most successful exhibitors avoid costly event marketing mistakes by carefully vetting each and every trade show they sign up for, strategically designing their booth, and planning their marketing campaign months in advance.
To help you compete, we’ve outlined 18 questions you should ask before exhibiting at a trade show.
You’ll need to know exactly how much it costs to rent a space at the event center so you can factor the cost into your overall budget. The average cost of renting space at a trade show or convention is currently about $100 to $150 per square foot. For the 400 frequent exhibitors surveyed by Exhibitor Online, this cost equaled about 35% of their budget.
The amount you’ll pay could be more or less than the industry average depending on the size and popularity of the show. Be sure to ask if there are any discounts for signing up early or for speaking at the event.
The thought of speaking at an event can be intimidating, but the results are worth it for those who can muster up the courage. When you speak at a trade show, you get the chance to share your products, services, messaging, and brand with an entire audience of potential leads. The more niche the trade show, the more qualified your audience will be.
Prospects who hear your speech will be more likely to keep your brand top of mind. Once you’ve established that initial connection, they’ll feel compelled to stop by your booth, interact with you, and learn more about what your company can do for them.
There may be other benefits as well, such as free lunches or discounted rental space fees. Plus, you’ll get free advertising from the trade show organizers. Any time they promote your speaking session, they’ll be promoting your brand by proxy.
There are plenty of reasons to consider sponsoring an event. A few of the top reasons include:
However, there may be a significant cost investment required on your end. Be sure to gather as many details from the event organizers as you can. Then weigh the pros and cons against your business goals and objectives.
Trade show floor plans don’t tend to change much from year to year. If you can get ahold of the floor plans from the last few years, you can be more strategic about your booth location.
Snagging a list of trade show attendees before the show means planning exactly who you want to interact with during the event. You can also reach out to attendees by phone, mail, or email to let them know you’ll be in attendance and to share the benefits of stopping by your booth.
You should also consider setting up appointments with interested prospects to take place during the show.
Trade show event organizers want you to keep coming back each year, which means they want to help you succeed.
This help could come in the form of news release templates and other PR-related templates to help you get the word out about your involvement in the show. It could mean opportunities for you to showcase your products and services via workshops and presentations. It could even mean discounted booth space for frequent exhibitors or complimentary trade show tickets for your prospects.
So be sure to ask how your event organizers plan to help you succeed so you can make the most of their knowledge and resources.
It’s not enough to have the biggest, flashiest trade show display if you’re exhibiting at the wrong event for your products and business goals. Did you research all relevant trade shows before you chose the one you plan to attend?
Ask yourself the following questions for your chosen trade show. If you don’t like the answers, it may be best to move on to the next one.
It’s important that each member of your staff know why they’re attending the show in the first place. What is your company hoping to get out of it? How will you know if you’re successful?
A few common goals of trade show exhibitors include:
It’s vital that you consider how you’ll measure the success of your trade show attendance (preferably while you’re still in the planning stages before the show). After all, you’ll want to know if all the time, money, and energy you poured into your campaign was successful and whether you should attend the same show again next year.
Success looks different for every company. Some teams use return on investment (ROI) to track their success. Other companies are more focused on measuring brand exposure through return on objectives (ROO). Objectives could include measurements such as number of booth attendees or number of social media mentions.
No matter what success means for you, make sure you have a way to determine whether or not you’ve hit your goals. That way, you’ll be able to adjust and optimize your strategy for the next trade show.
Be strategic about the money you plan to put forth for your trade show exhibition. Know exactly how much you have to spend and allocate different portions of that fund to your various expenses.
To help you figure out where you’ll likely need to put forth the most money, consider the results of Exhibitor Online’s survey of 400 frequent trade show exhibitors. This survey found that most companies spend their budget in the following categories by percentage:
One important question to ask yourself is whether to rent an exhibit or hire a trade show exhibit design firm to create your booth from scratch. There are pros and cons to each.
Some pros of custom trade show displays are:
However, custom displays can be more expensive if you rarely exhibit. You may also have to factor in storage and shipping costs.
Some pros of rental trade show displays are:
However, your customization options may be limited and you’ll be responsible for the setup, teardown, and any issues that may arise.
Learn more about the pros and cons of custom trade show displays vs rental displays.
When you attend a trade show, you’ll be competing with companies that have more money, more staff, and a larger customer base. That means you have to be strategic and create a visually appealing booth that captures and keeps attendees’ attention.
Some elements to consider include:
If you choose to go the custom route, your trade show exhibit design company will help you develop each of these elements, from the overall concept down to the smallest detail.
Before you lock in your event rental space, be sure to consider where on the trade show floor is the best spot for your booth. Where will you have the most visibility?
Consider where the high foot traffic areas are, such as front and center or close to a restroom or restaurant. Ask event management which companies have rented the space nearest your preferred spot to make sure your booth doesn’t get swallowed up by those bigger and more elaborate than yours.
Finally, make sure there are no columns or obstructions that could keep attendees from being able to see you.
It’s not enough to set up your trade show display and hope for the best. You need a solid pre-show marketing plan to compete with your booth neighbors and all other exhibitors. After all, 85% of corporate exhibit managers use at least one pre-show marketing tactic.
Some ideas for marketing tactics include:
Do you have a plan to host interactive activities at your booth such as touch screens, games, contests, giveaways, surveys, and quizzes? How about an educational workshop or a planned product demonstration?
Trade shows are typically crowded and every booth is competing for attention. While this doesn’t mean you have to have the flashiest trade show display, it does mean you have to be creative and think outside the box.
If you need ideas for drawing an audience to your booth, check out our blog titled “15 Ideas for Attracting a Crowd to Your Trade Show Exhibit.” You’ll discover ideas for promoting your brand both before and during the show.
“Your booth can be the biggest, brightest destination inside a convention center, but if it’s not staffed correctly, your investment can be completely wasted,” shares Trade Show Exhibitors Association president Margit B. Weisgal.
“You’ll need the right mix of marketing, sales and technical staff at your booth,” she says. “We all spend a fortune on sales training, but everyone forgets that working an exhibition is very different than going out on a typical sales call.”
To ensure your staff is prepared to work your booth, make sure you can answer “Yes” to all of the following questions:
You know you want to generate leads, but do you have a system for capturing your prospects’ contact info and organizing it both during and after the show? If the answer is no, be sure to check out these 5 innovative apps for capturing your leads’ information at your next trade show.
Make sure you have a system for prioritizing new leads and reaching out to prospects as soon as possible. The quicker you reach out, the fresher your brand will still be in their mind.
You can ask yourself the following questions about your lead workflow:
Be sure to explore these 10 steps for event follow-up success from Saleshacker.com.
And there you have it! These 18 questions should give you a serious leg up on the competition so you can make the most out of your next trade show exhibition.
Reach out to our team today to discuss your brand’s next live event, experiential installation, or trade show display.