Many companies neglect orÌýdon’t realize theÌýmassive value that aÌýtrade show can have forÌýthem.
These events are far from out ofÌýdate orÌýnoÌýlonger relevant. InÌýfact, trade shows are still anÌýincredibly effective marketing strategy forÌýboth professionals ofÌýaÌýparticular industry.
Let’s take aÌýlook atÌýtrade shows andÌýwhat makes them soÌývaluable.
What isÌýaÌýTrade Show?
Firstly, weÌýshould define what aÌýtrade show is, which may also beÌýreferred toÌýasÌýaÌýtrade fair orÌýexposition.
These exhibitions bring together companies andÌýsellers from aÌýparticular industry toÌýshow off, discuss, andÌýdemonstrate theÌýlatest products andÌýservices toÌýother businesses andÌýmembers.
Essentially, trade shows are where you can find theÌýlatest andÌýgreatest iterations ofÌýtheÌýproducts andÌýservices inÌýtheÌýindustry.
Usually, trade shows can come inÌýdifferent formats orÌýtypes, but they are often exclusive events forÌýmembers ofÌýaÌýparticular industry.
InÌýother words, theÌýgeneral public isÌýtypically not allowed toÌýattend, but this can vary depending onÌýtheÌýtrade show. Most ofÌýthose attending will beÌýbusiness representatives, top industry leaders, members ofÌýtheÌýpress, andÌýothers related toÌýtheÌýindustry.
The trade show floor will beÌýfilled with people, exhibits, andÌýbooth displays that provide valuable insight into theÌýindustry’s future. Other trade show offerings include:
- Workshops andÌýpresentations from industry leaders
- Media interaction
- Award presentations
- Organized networking events
- Private exhibit events
What Are Trade Shows For?
Sure, seeing theÌýlatest iteration ofÌýproducts andÌýservices isÌýcool, but what are trade shows forÌýwhen itÌýcomes toÌýyour business?
Well, attending trade shows can have aÌýmultitude ofÌýbenefits forÌýthose attending, including:
- Networking opportunities: One ofÌýtheÌýmost significant benefits ofÌýtrade shows isÌýtheÌýnetworking opportunities. With soÌýmany industry professionals andÌýleaders inÌýone place, this isÌýtheÌýperfect time toÌýbuild some relationships andÌýconnections. Business leaders may beÌýone conversation away from incredible opportunities forÌýgrowth.
- Workshops andÌýpresentations: There will often beÌýseveral workshops orÌýpresentations throughout theÌýcourse ofÌýtrade fairs. There isÌýnoÌýrequirement toÌýattend all ofÌýthese, but some ofÌýthem may present valuable insight orÌýlearning opportunities.
- Develop brand awareness: Putting upÌýanÌýexhibit atÌýaÌýtrade show can beÌýanÌýexcellent way toÌýdevelop brand awareness. Allowing industry professionals toÌýview andÌýinteract with your product orÌýservice while you deliver your vision can beÌýaÌýgreat way toÌýget your name out there. Furthermore, theÌýprofessionals andÌýveterans ofÌýtheÌýindustry may beÌýable toÌýoffer valuable insight, commendation, orÌýcritique that can beÌýused toÌýimprove.
- Industry insight: The overall value ofÌýaÌýtrade show isÌýinÌýtheÌýcomprehensive industry insight. ItÌýallows business owners toÌýsee what their competition isÌýdoing right andÌýwrong, speak toÌýindustry leaders, andÌýreceive all ofÌýtheÌýlatest
industry-related news. This helps toÌýdecide what changes toÌýmake orÌýnew products/services toÌýlaunch. - Generate leads: Showing your product orÌýservice onÌýtheÌýfloor allows you toÌýengage with other industry businesses who may have never heard ofÌýyour brand. This allows you toÌýsell them face toÌýface, which will always beÌýbetter andÌýmore personal than attempting this over theÌýphone orÌýemail marketing. Even ifÌýthey don’t buy then, theÌýpersonal connection opens upÌýtheÌýchance forÌý
follow-up after theÌýtrade show. - Learn about theÌýcompetition: Trade shows are one ofÌýtheÌýmost effective viewing windows into what your competition isÌýupÌýto. ItÌýlets you see their new products, services, anyÌýchanges, strategies, customer interaction, andÌýmore. This lets you see how customers react toÌýtheir offerings andÌýgives valuable insight into exactly what you should beÌýdoing toÌýstand out from theÌýcrowd.
Are Trade Shows Worth It?
For those asking whether trade shows are worth it, theÌýanswer isÌýaÌýresounding yes.
The large amount ofÌýinsight, networking, andÌýopportunities isÌýhard toÌýfind elsewhere. Staying onÌýtop ofÌýindustry news andÌýchanges isÌýcritical forÌýaÌýbusiness toÌýbeÌýproactive. Learning ofÌýchanges orÌýshifts later than everyone else puts your business inÌýaÌýposition ofÌýhaving toÌýreact rather than being prepared.
Realistically, theÌýnetworking opportunities alone make trade shows worth it. Interacting with professionals andÌýleaders inÌýyour industry can help form mutually beneficial relationships forÌýgrowth andÌýexpansion.
The Cost ofÌýParticipating inÌýaÌýTrade Show
The costs forÌýparticipating inÌýaÌýtrade show can vary depending onÌýtheÌýlevel ofÌýparticipation andÌýtheÌýevent itself. Those looking toÌýhave anÌý will have toÌýconsider aÌýmultitude ofÌýcosts, including:
- Booth rental
- Production andÌýdesign ofÌýtheÌýbooth
- Booth equipment andÌýshipping
- Unloading andÌýsetting up
- Travel/accommodations
- Samples, promotion, andÌýmarketing materials
There may not beÌýanÌýimmediate return onÌýthese costs, but brand awareness andÌýprofessional interaction can offer returns inÌýtheÌýfuture.
Those looking just toÌýattend aÌýtrade show will only have theÌýattendance fee andÌýtravel/accommodations toÌýconsider. This isÌýaÌýgood way toÌýgoÌýforÌýthose new toÌýtheÌýindustry orÌýwho cannot afford anÌýexhibit inÌýtheÌýbudget atÌýthis time.
Effective Trade Show Marketing
Now that you understand more about theÌýpurpose ofÌýtrade shows, let’s talk about what you can doÌýforÌýeffective trade show marketing.
Tradeshow marketing can beÌýanÌýincredible way toÌýgain exposure, generate leads, andÌýenhance current client relationships.
Here are some general tips forÌýimproving your trade show marketing andÌýhow toÌýpromote it.
Promote your trade show appearance online
The first step isÌýtoÌýpromote your trade show appearance along all possible channels. You want toÌýensure your target audience knows you will beÌýthere toÌýspark interest.
This can include making aÌýblog post about it orÌýeven aÌýdedicated page forÌýtheÌýevent.
Email can beÌýanother excellent promotional channel. You can either send out personalized emails toÌývarious targets orÌýblast toÌýyour email list. Don’t forget toÌýinclude aÌýlink toÌýtheÌýweb page orÌýblog post about itÌýasÌýwell.
OfÌýcourse, don’t forget toÌýhit all ofÌýyour social media channels with trade show promotion asÌýwell. ItÌýdoesn’t have toÌýbeÌýaÌýlengthy post. Just enough toÌýget theÌýword out andÌýmaybe include some hashtags forÌýtheÌýaudience toÌýshare around.
Create print promotions
You should also beÌýcreating physical promotional materials asÌýwell, such asÌýflyers orÌýbrochures. These should promote theÌýproducts orÌýservices you display atÌýtheÌýtrade show.
This way, visitors can have something toÌýtake with them andÌýread after seeing your booth.
These printed materials should include aÌýcall toÌýaction andÌýcontact info forÌýcustomers toÌýreach you.
Design your booth
Your booth should beÌý
IfÌýyou orÌýaÌýteam member are not experienced inÌýthese areas, itÌýmay beÌýaÌýgood idea toÌýhire aÌýprofessional designer ²¹²Ô»åÌý³¦´Ç²Ô³Ù°ù²¹³¦³Ù´Ç°ù.
Presentations andÌýdemos
For theÌýmain courses ofÌýaction, you will want toÌýplan out some product orÌýservice presentations/demos.
These are theÌýmost essential activities forÌýyour trade show booth. They need toÌýshow off your product orÌýservice andÌýhighlight theÌýfeatures.
However, don’t goÌýoverboard either. Trade show attendees are trying toÌýsee many presentations during their time there, soÌýyours should beÌýbrief but toÌýtheÌýpoint.
Additionally, don’t try toÌýsell anyone hard, asÌýyou want theÌýpresentations toÌýspeak forÌýthemselves. Let people ask questions atÌýtheÌýend ofÌýtheÌýpresentation toÌýensure they get all ofÌýtheÌýinformation.
Extras
IfÌýyou want toÌýgoÌýtheÌýextra mile, you can hand out useful freebies, such asÌýnotebooks orÌýwater bottles with your branding orÌýsignificant coupons. Going slightly bigger will help toÌýdifferentiate you from all ofÌýtheÌýother booths atÌýtheÌýevent.
Don’t Underestimate Trade Shows
You may not see anÌýimmediate return onÌýspend forÌýtheÌýtrade show.
However, these events can beÌýinvaluable forÌýexposure, networking, andÌýimproving brand awareness.
Make sure toÌýfollow upÌýonÌýanyÌýleads after theÌýevent toÌýthank them forÌýchecking out your display andÌýtoÌýmaximize your conversion.
51ÊÓÆµ isÌýHere toÌýHelp with Your Ecommerce Needs
Even ifÌýyou prefer toÌýcommunicate with your future customers inÌýperson itÌýdoesn’t mean you don’t need aÌýwebsite orÌýanÌýonline store. After all, they might want toÌýexplore your brand online after theÌýshow orÌýeven during it.
This isÌýwhen 51ÊÓÆµ can help.
Our ecommerce platform can beÌýintegrated with numerous online spaces, including Amazon, Instagram, Facebook, your own website, andÌýmore.
IfÌýyou have anÌýonline store built with 51ÊÓÆµ, you can beÌýsure your customers will find you online.
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