It’s an oft-asked question: Should we rent or buy a new display?
Purchasing that brand new booth might bust your budget quickly, especially if you are new to tradeshow marketing and still exploring how best to get involved. Yet renting can save money.
If you’re at the decision stage for a new booth, here are some thoughts that should help you compare buying versus renting.
- How many times a year do you plan to exhibit?
- How important is the function of the booth?
- How important is the ‘look and feel’?
- Will a rental booth provide you with the custom look you want?
- What is your realistic budget for the project?
Cost: Most experts agree that if you plan to exhibit multiple times you should lean towards purchasing your display. The rule of thumb is that for each three rentals you’ll have paid for the cost of a new booth. And depending on the booth and the graphics and other elements that need to be customized, it may be that for each two times you rent you’ll have spent the same as purchasing a new booth. So if you plan to exhibit the same booth at least four or more times in a year, purchasing will likely be a better financial choice.
However, money isn’t everything, right? Renting a booth can give you some advantages that purchasing a custom booth won’t. A rental booth is usually less worry. Maybe not completely worry-free, but close, and you usually don’t have to worry about damage done during transit.
Flexibility: Renting a booth can also mean more flexibility, such as waiting longer and closer to the show before major decisions are made. Since you’re choosing a rental from a catalog, even with some customizations, the exhibit house you work with is equipped to handle them within the parameters of the rental structure. A custom booth that you’re purchasing requires more time to design and more thought and input from more people to make it work.
Renting may also work if you want a turnkey approach. If all of the handling, set-up, shipping and assorted details are too much, you can have the exhibit house organize all the details. You just show up and sell.
Renting a booth gives you the opportunity to try out a style before making the purchase. You can test the look and feel, as well as function (storage, meeting space, etc.). And when the show is over, you just ship it back and don’t have to worry about having a place to store it.
Purchasing means a longer-term commitment. Not only are you investing more money, you’re committing to a longer run with the booth, so the design has to fit your brand as well as possible. But the good thing about that is once you’ve made the decision on the look and feel for your booth, the cost-per show drops dramatically vs. the cost of renting at each show when the purchase cost is amortized over the length of ownership. You may also have some tax advantages when using funds to purchase a depreciable capitol asset. To find out for sure if this applies to you, talk to your tax expert as I don’t even play one on the internet!