Is it safe to go back into the meeting?
I was reading Successful Meetings Magazine this morning and was encouraged by the positive tone of many articles indicating that the stigma of luxury meetings is diminishing and it might be safe to hold an event in a nice, resort setting again. The recommendation is to bill it as a deluxe location and not a luxury one, just to be sure. Hey, whatever it takes to get the ballrooms filled, the exhibits built, the speakers booked, the excursions scheduled and the fabulous food flowing. It’s time to climb out of this rut and dismiss the depression that has hung over this industry and me personally for two years. Get up, get out, get traveling. The deals are out there and it’s time for every event manager, meeting planner, show producer and exhibit company to cash in on the great locations and terrific incentives offered by venues all over the country. I am ready for it. Bring on the tradeshows, conventions, meetings, conferences, consumer events, summits, seminars and retreats that make this industry great. See you at the next show
susan ratliff the exhibit experts www.susanratliffpresents
Slow economy? Let’s exhibit
When capital is in short supply, the tendency for most small companies is to slash the marketing and advertising budgets. It is with this knowledge that the shrewd business owner seizes the opportunity to increase market share and get an edge
on the competition. While everyone else is waiting it out, the smart entrepreneur is finding new ways to reach their
customers. One of the most effective ways to capitalize on a down market is by exhibiting in a tradeshow.
The Center for Exhibition Industry Research says you will reach 7 times as many prospects at an exhibition than you would through any
other type of marketing. In addition, the leads you collect will cost you 56% less to close. The caliber of prospects
attending a tradeshow is excellent. Research shows that 49% of tradeshow attendees come to buy
something. 82% have buying influence, while 29% are the decision makers. 26% will sign a purchase order and 94% will
compare competing products. It’s an audience ready to spend money with your company.
There are 11,000 tradeshows and 2,500 consumer shows a year attended by 120 million people who spend 100 billion dollars. Nine out of ten companies ranked exhibitions as the #1 most useful source of purchasing information, because they could
examine and evaluate competing products in one location. Big business has been capitalizing on the benefits of exhibit marketing for years. With a little knowledge and some careful planning, even the smallest business can tap into this lucrative marketplace.
The key is in the planning. To maximize your exhibit marketing budget consider working with experienced professionals that know how
to save you time and money on everything from labor and decorations to those last minute emergencies at your booth. When it comes to problem solving on the show floor, turn to your show decorator. Their knowledgeable staff is able to resource solutions in quick fashion to most any challenge and they will often partner with local entrepreneurs who can offer unique products and services that fulfill every show producers or meeting planner’s needs.
Small exhibits can produce big profits
I recently exhibited in a local Chamber of Commerce business expo. There were around 120 exhibitors offering a wide range of products and services to see. I estimate that 1200 attendees passed through in a four hour period. That’s a pretty good amount of traffic in a short period of time, especially when you compare it to the fact that the average sales person can only call on about 6-10 client in one day. The quality of the attendees was excellent, most being business owners themselves so the environment was perfect for gathering leads, finding valuable resources, branding and networking. Many of the exhibitors had tabletop displays which are economical, compact and can still make a great impression on the show floor. Unfortunately, the majority of booths I visited seemed to be under the impression that all they needed to do to get me to stop was stick a stack of flyers on the table with a bowl of candy. Hey, they were there, what else did I want? The truth is, I didn’t want anything from them because if they didn’t think enough about their company’s image to take the time to look professional why should I think they would give any attention to detail to my needs as a customer? Large or small, image is
everything on the show floor. Whether you are in the show for four hours or four days you better make a good impression. A droopy vinyl banner hung from the back curtain and a foamcore sign with the contents of your brochure printed on it will not get my attention. Here is what will:
- Professional signage/graphics that tell me who you are along with a short tagline or slogan that explains why I should do business with you. (be sure to remove that awful cardboard ID sign that comes with the booth. That should not be your company sign).
- Text that is short and sweet. I don’t have time to read more than a few lines of text on your display. Make sure your message conveys that you understand me, my needs and the solutions to my problems.
- Pictures that tell the story and explain the product and how it relates to my needs. Show people in pictures using your product or service or how the product works.
- Provide me with a simple takeaway that addresses my interests. Not a five page portfolio of your company history. Target the needs of your audience.
- Loose the candy bowl. It’s not Halloween. (unless of course you are selling candy)
- Elevate the items on your tabletop area so you display your literature and offerings at a variety of heights. Boxes covered with cloth or acrylic holders or baskets work well.
- Invest in an imprinted table cover with your logo on it or at least a nice cloth that color coordinates with your exhibit.
I’ll cover more next time
Women Entrepreneurs From Pakistan visit Arizona
I was recently contact by the World Affairs Council of Arizona. The WACAZ serves as the designated programming arm for the U.S. Dept of States International Visitor Leadership Program and arranges the professional itineraries for all the foreign leaders that come to Arizona. They had a group from the Women’s Business Empowerment Project from Pakistan coming to the city and they wanted to meet with me to discuss my Women Entrepreneurs’ Small Business Boot Camp and learn more about the challenges and issues facing women business owners in the US. I was thrilled to accept and it was distinct honor to meet and talk in depth with seven vibrant, intelligent, passionate, beautiful, inspiring and accomplished women business owners from across the world.
I was excited that they all spoke English and impressed with their extensive education and business accomplishments. Several of the women had traveled extensively, but for most it was their first trip to America. I invited Joel Martin of TriadWest and Kristin Slice of Three Dog Marketing to join me and we spent over two hours fielding questions from this inquisitive group.
They wanted to know about women in American business and entrepreneurship; Commerce in the U.S. exploring the industry from small companies to large corporations, in smaller towns and major cities; best practices in starting up and running businesses, support for female-led organizations from federal and local government, the private sector, non-profits, and academia, Challenges faced by women in the workplace: sexism, harassment, and the pay gap; changing attitudes and promoting diversity in the workplace. They were a savvy group involved in many diverse enterprises.
Nabeela is a clothing designer and would like to expand her line to include some Western style dress wear. She launched a business incubator and works closely with the WBDC (women’s business development center),
Fozia and her husband developed Danbys Skincare, herbal cosmetics and skin care products and markets them world wide through the web. She seeks distribution outlets and alliances with companies in the US.
Najma is the Gender and Enterprise Development Officer for Youth Empowerment. She brings knowledge of business and commerce to women in the rural, tribal areas of her country working who are developing small cottage industries such as handicrafts and honey production.
Sidra is the Chief Executive Officer for StatusPro. She produces, researches, and hosts media projects such as “Corporate Coffee” for PTV News, “KIVA
Ayla a professional financial services industry expert and the first woman broker at the Islamabad Stock Exchange and the first female Director on the Board of the Islamabad Stock Exchange.
Noreen has spent the last nine years working for Kashf, Pakistan’s leading NGO in providing micro-financing to women, and oversees a current program that has 30,000 female clients. Ms. Adeel is also interested in providing training for women’s rights and stopping violence against women.
Ambreen has a silver jewelry and leather handbag business and markets though formal exporting channels. She would like to have introductions to companies that could help her import her products to the US.
One of the refreshing observations I made during our visit was that women business owners have the same goals and fears about business ownership and growth no matter where they live. The most encouraging revelation I took away was that all women have burning passion for what they do, compassion for others and a common desire to elevate the lives and opportunities for success and self sufficiency for all women everywhere. I do believe, if given the chance, women could really heal the world.
Rounding out the top 10 resolutions for your booth
Here are two more New Years Resolutions for your 2011 exhibit marketing program. Let me know if you have any others to add.
9. All chairs will be removed from my booth from this day forward.
Nothing makes me rush past an exhibit faster than seeing someone sitting behind a table looking restless and bored except two people sitting behind a table talking to each other. Your representatives should be standing up and attentive to all those passing by. If a break is needed, leave the booth.
10. At no time will I resort to purchasing cheap graphics or display materials to represent my company.
Image is everything on the show floor. You have only one chance at your booth to show attendees you respect your company brand, believe you have value to offer, and will be around a long time to service and support them. Hand-written signs, graphics printed from your computer, cardboard displays from the office supply store, cheap plastic exhibits from the school supplies catalogs, used products from unknown manufactures on the internet, do not convey an image of success or longevity. Purchase your display materials and graphics from a reputable exhibit company that sells commercial-grade display products and provides professional guidance and graphic design services so your company can shine at the show and project an image you can be proud of.
Susan Ratliff is The Exhibit Expert. Nationally recognized as an authority on tradeshows and event marketing, Susan is an author, professional speaker, event producer and founder of the award-winning portable display company, Exhibit Experts Inc. Contact Susan for exhibiting products and services or to speak to your group: Susan@SusanRatliff.com 602-437-3634 www.SusanRatliffPresents.com. www.ExhibitExpertsAZ.com Copyright 2011 Susan Ratliff Presents Inc.