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Effective Exhibitor Strategies & How Attendees are Changing Michael Hughes Managing Director Research & Consulting

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Page 1: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Effective Exhibitor Strategies &

How Attendees are Changing

Michael Hughes

Managing Director Research & Consulting

Page 2: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

2

Objectives

• Exhibitors’ Top Goals & Strategies

• Measurement & ROI

• Recommendations

Page 3: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Exhibitors’ Top Goals & Strategies

Page 4: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Primary Exhibit & Event Marketing Goals & Strategies

4 Source: EMI

79% 77% 75%

60% 56%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Gather leads Brand awareness

Increase sales Enhance brand knowledge,

understanding

Launch new products

Focus: Leads, sales and launching new products.

Page 5: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Importance of Exhibitions & Events to Corporations

5 Source: EMI

Very important,

critical, 47%

Important, 38%

Somewhat or not important,

15%

How Senior Management

Views Events & Exhibitions

29% Critical part of marketing mix

44%

22%

Important part of mix

Necessary to strategy, but

focused on ROI

5% Not important or unsure

Page 6: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Exhibitor Quotes on Biggest Opportunities

6

• “To make a big sale or major splash at a major show that would not have

happened any other way.”

• “Face-to-face with hard to see targets.”

• “Reach to new target audience.”

• “Building awareness in untapped markets.”

• “Brand recognition and reputation as a product leader.”

• “The ability to convey thought leadership of the company.”

• “Strengthening relationships with key customers.”

• “To have hands-on demos of equipment.”

Page 7: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Measurement & ROI

Page 8: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

What Exhibitors Measure

8 Source: Access Intelligence Research & Consulting

89%

56%

41% 41% 41% 33%

19% 19% 15% 11%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

100%

Leads 1. Attendance, Booth Visits 2. Sales 3.

Page 9: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Percentage of Total Company Leads Resulting from

Exhibitions & Trade Shows

9

42% of companies receive between 21% and 50% of their total leads from exhibitions – and

27% receive over 51% of their leads from exhibiting.

Source: Access Intelligence Research & Consulting

19%

13%

19%

10%

13%

10%

7%

10%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

<10% 11%-20% 21%-30% 31%-40% 41%-50% 51%-60% 61%-70% Over 71%

Total: 42% of cos.

Total: 27%

- Percentage of Total Corporate Leads -

Page 10: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

ROI Realized by Top Corporations at Exhibitions & Events

4%

18% 16%

10%

4%

14%

34%

0%

5%

10%

15%

20%

25%

30%

35%

40%

1 to 1 return 2 to 1 3 to 1 4 to 1 5 to 1 Greater than 5 to 1

NA, Do Not Track ROI

Source: EMI

34% of exhibitors and event marketers realize an ROI of 2 to 1 or 3 to 1 – and 28% have an

ROI that’s 4 to 1 or higher. Still over one-third of exhibitors do not track ROI.

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Recommendations

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How Attendees are Changing

• Registering closer to the event.

• Smaller buying teams, but those attending have more authority.

• Nearly half are looking to see products first reviewed online.

• Looking for more content and information – there to learn.

• Comparing your products but also your people with the competition.

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Page 13: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

How Attendees Have Changed – Event Producer Quotes

• “Younger demographic and they want to get most of their information online or

through social media."

• "Attendees are asking for more content, and are better informed."

• "They book much closer to the event."

• "Harder to capture. Very price sensitive. Required to justify attendance."

• “We are seeing fewer attendees, but higher quality in role in the purchasing

decision."

• "Need to market differently to several separate age groups."

• "They are more focused on getting the most done in the least amount of time.”

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Page 14: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Why Attendees Attend Exhibitions/Trade Shows

14

% Attendees

See new products 85%

Network with colleagues and vendors 75%

Stay up to date on industry trends and issues 74%

See many companies at one time 64%

Create and/or strengthen industry relationships 61%

Get technical information and specifications 58%

Access education and learning 55%

See existing suppliers 55%

See specific companies and/or products 53%

See products in-person reviewed online 43%

Source: Access Intelligence Research & Consulting

Page 15: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Attendees’ Actions Taken with Exhibitors

15

% Attendees

See a product demonstration 73%

Talk to technical employees 62%

Talk to sales employees 58%

Ask for a price quote 48%

Attend an exhibitor’s special event 48%

Attend their educational sessions 46%

Talk to senior management employees 46%

Participate in meetings 32%

Place an order 32%

Request a sales visit 31%

Source: Access Intelligence Research & Consulting

Page 16: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Recommendations: Respond to Why Attendees Attend

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• Emphasize what's new in marketing

• Show new products, ideally with hands-on demos

• If not launching products, showcase what else is new

See New Products

Network

Learn

• Have plans for effective networking presence

• Host or sponsor a networking event or dinner

• Take advantage of all attendee interaction areas

• Provide new content, educate/inform

• Present at sessions

• Have short educational session in booth

Page 17: Effective Exhibitor Strategies & How Attendees are Changing · 2020-01-02 · Effective Exhibitor Strategies & ... focused on ROI 5% Not important or unsure . ... • “Brand recognition

Recommendations: Responding to Why Attendees Attend

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Build Relationships

See Many Companies / Competitors

• Emphasize technical information

• Provide in-booth or online

• Immediate follow-up with who to contact with questions

Access Technical Specifications

• Personal invites

• Set meetings

• Take advantage of full range of attendee touch points

• Efficiency is a key reason to attend, but their time is short

• Want questions answered and touch/feel products

• Comparing competitor teams; people behind the brands

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How to Improve Exhibiting Results

1.) Better Pre-Show Strategic Planning, Event & Booth Selection

• Sets goals and a strategy

• Integrate with other marketing campaigns, programs, branding

2.) Enhance Pre-Show Marketing & Social Media

• Wide, but still targeted campaign

• Use all mediums and outlets to get message out

• Personal invites, set meetings at the show

3.) Improve Exhibit Design, Branding, Graphics & Marketing

• More open space; entry points; simple, less clutter

• Brighter graphics; clear, to the point themes/messaging

• Greater focus on specific products

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How to Improve Exhibiting Results, continued

4.) Better Trained & Higher-Level Booth Staff

• Who on your team do attendees and buyers want to meet?

• Do your teams understand the goals and significant opportunity?

• Plan for engaging with attendees and buyers off the show floor as well

• Does your team, even senior people, need event training?

5.) Quality Product Samples & Demonstrations

• Attendees mainly want to see new products and demos

• What is fun, interesting and buzz-worthy to show or demo?

• If not launching products; then showcase what else is new

6.) High-Quality Education & Information – Content is Key

• Have an education and information plan/strategy

• How can you help attendees and prospects learn something new?

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How to Improve Exhibiting Results, continued

7.) Effective Promotions, Incentives, Giveaways & Drawings

• What will drive traffic and what is relevant to the audience?

• Know the audience; do they want an item/freebie; or industry tool or info?

8.) Take Advantage of Value Added Benefits & Opportunities

• Work with LFI show management to learn all the options

• Work more closely with partners

9.) Post-Event Follow-Up & Evaluations

• Quantitative and qualitative

• Only track what is useful, insightful, comparable – what did you do right/wrong

10.) Focus on Lead Management & Measurement

• Assign one person; understand tracking event leads takes time

• Include CRM/marketing, sales, finance, etc.

• Follow up on leads!

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Q&A