Best tradeshow marketing tips and case studies. Call 800-654-6946.
Best tradeshow marketing tips and case studies. Call 800-654-6946.

Budgeting

7 Ways a New Tradeshow Exhibit is Worth the Investment

How to determine if your tradeshow exhibit investment is worth it.

What will a new tradeshow exhibit do for you?
What will a new tradeshow exhibit do for you?

Tradeshow exhibits can be expensive. So how do you know if it’s a good investment? Here are seven ways that will help you determine if the money invested in the design and fabrication of a new tradeshow exhibit is well spent.

  1. If it allows your booth staff to function better. A new tradeshow exhibit will look great, but if it helps your team function better at a tradeshow, it’s worth the money.
  2. If it increases your brand awareness at the show. One of the most important reasons to be at a tradeshow is because it can help reach new markets. If your tradeshow booth (bigger, prettier, more eye-catching) is better at attracting attention than your previous booth, it’s worth it.
  3. If you find it easier to generate more leads. A recent client that upgraded their tradeshow booth to a 20×20 island exhibit saw leads increase three-fold as a result. Definitely worth it.
  4. If it gives you more space for presentations. Even if your hired professional presenter says she can do a great presentation in a 10×10 (and they probably can), if you can give them more space, it’ll allow more people to see those presentations and be engaged with your products or services.
  5. If it shows your market that you’re the dominate company in the niche. One client of ours likes their big booth because they feel it gives them bragging rights as the ‘big dog’ in their market. Psychological warfare, indeed!
  6. If it leads to increased profitability. Does it positively impact the bottom line? Then it’s a good investment.
  7. If the new exhibit boosts your staff’s morale. Perhaps this isn’t a cut-and-dried way to determine if the investment is worth it, but I’ve seen first hand many times the impact a new tradeshow exhibit has on a staff’s attitude. It shows them that management believes in the company’s tradeshow efforts.

Can you come up with any other reasons why a brand new tradeshow exhibit is worth the investment? I’d love to hear what you think. Leave a comment below.


Need a quote on a new tradeshow booth project? Click here for a no strings-attached quote request form.

8 Essential Tradeshow Metrics to Track

Tradeshow Success is built on a lot of moving parts, and it’s often hard to know exactly how successful the show is unless you track the details. So let’s dive in a little and see what 8 essential tradeshow metrics mean the most to your overall success.

  • Booth visitors: knowing the overall number of booth visitors, or at least a valid estimate, can give you valuable information, especially in a year-to-year comparison at the same show, and from show-to-show. Even though when you measure show-to-show it’s a bit of an apples to oranges comparison, it does give you intel to help judge the show’s effectiveness.
  • Leads generated: one of the more straight-forward metrics you can track, but it’s important to break them down into at least thre
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    e levels: hot, warm and cool. This will give the sales team the information to correctly follow up on the hot ones right away and the warm and cool ones later.

  • Sales as a result of the leads: track how many new customers came out of the show in the first three months, six months and year (depending on the type of product or service you offer). Track the overall sales amount. It’s harder to track B2B sales from a tradeshow simply because you might not get a new customer until a year or more has passed.
  • New leads: a slight differentiation from all leads, this breaks out the brand new potential clients from those that you’ve had some sort of contact before. Valuable information, indeed.
  • New customers: same with customers – how many news ones did you get as a result of a show vs. how many are repeat customers that happened to be at the show and buy something because of the show.
  • Budget: actual vs. estimated. Keeping track of the investment is important; knowing how much over or under budget is critical.
  • Cost per lead: divide the overall cost of the show by the number of leads gathered to get a cost per lead.
  • Return on Investment: divide the overall net profit you’ve gained over three, six, twelve months by the net profit from the show (gross profit minus the cost of attending the show).

There are other numbers you can track, but if you do nothing but track these metrics you’ll have a lot more insight into the kind of success your tradeshow marketing program is giving you.

Reinvent Your Exhibit Marketing Plan [Webinar Replay]

Marlys Arnold of ImageSpecialist is an exhibit marketing strategist who recently gave a webinar at Handshake.com titled “Reinvent Your Exhibit Marketing Plan.”

It’s a great look at all of the moving parts of tradeshow marketing, and is well worth your time. So stop wasting time, energy and money and get your marketing plan together! Check out the video here.

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14 Proven Steps to Tradeshow Success [Webinar Replay]

Last fall I put out the book “Tradeshow Success: 14 Proven Steps to Take Your Tradeshow Marketing to the Next Level.” I’ve done several promotions around it, given away a bunch of copies, and use it as my main calling card.

But I’ve never done a webinar on the book. Until now. Check it out:

You can pick up a digital copy of the book at TradeshowSuccessBook.com. Or get your own copy here.

Tradeshow Blogs and Articles – A Quick One

Time to wrap up a handful of recently spotted articles and blog posts about tradeshows.

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Let’s start with the Huffington Post. Shuly Oletzky of Frigibar Industries posts this nice look at 9 Ways to Make the Most Out of Your Appearance at a Tradeshow. Many great ideas here.

If you want some food for thought, check out Inc.com’s The Death of Tradeshows by Dev Aujla, the Founder of DreamNow.

In the news, the White House has announced that President Obama is going to attend the world’s largest tradeshow for industrial technology. Here’s the Associated Press with the story.

TechCrunch believes that the recently completed 2016 Consumer Electronics Show is now a show for start-ups. Here’s their take.

David Saef at TSNN.com goes over The Secrets to Making Live Events Worth Every Penny.

Spark Pay details How to Get Prospects Flocking to Your Booth at a Tradeshow. Some great ideas here, such as investing in look and feel, the use of technology and getting the best location you can.

3 Common Mistakes of Tradeshow Exhibitors (And How to Avoid Them) comes from Contributing Writer Spider Graham at the Business Journals.

And finally Exhibitor magazine chimes in with tradeshow Budgeting: Stats and Formulas. Always a useful thing when preparing for a tradeshow.

Get Free Exhibit Quotes

 

Exhibit Care for the Long Haul

Exhibits are a big investment. Tradeshows cost money, and one of the biggest costs is the initial outlay for a new custom booth. Even smaller, modular booths with little to no customization can put a big ding in your pocketbook. With such a big investment, it makes sense to care for the investment so that it lasts year and years, giving you a better return on your investment.

Keep it Running Like Your Car

A new car comes with a warranty, and often comes with free oil changes and maintenance for a set period of time, depending on how desperate the car companies are to sell you something. A new exhibit will usually have a warranty covering many items, but you’re still responsible for upkeep. Imagine your new car. Yes, you get the oil changes done regularly, but do you clean and vacuum the car often? Do you check to make sure headlights, turn signals and brake lights are all working? You’d hate to get stuck on a cold winter night with no headlights. It’s the same (and different) with your exhibit. It’s the same because it needs upkeep and attention. But it’s different because unlike a car which is driven virtually every day, an exhibit is seen only when it’s out of the cases or crates.

The next time your booth is set up, get there early and go over it with a fine tooth comb. Take photos of damages and make notes of changes you’d like to make such as graphics or layout.

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Time for an Upgrade?

When driving a used car, after tens of thousands (or hundreds of thousands) of miles, you might need a major overhaul. A new transmission, a new engine, of course new tires and brakes on a regular basis. With an exhibit that’s showing it’s age, you just might be ready for an upgrade. Perhaps your company is growing and you need a larger space. This might mean you have to either get a new booth or add on to your current booth. Adding on is the more economical route (usually), and it allows you to keep using the basic booth for a few more years.

Upgrades can also mean adding or changing graphics. And chances are, if your older graphics are at least a few years old, the newer graphics will be printed on newer generation printers with better substrates, which means a much better look.

Making the Case

One often overlooked area for maintaining the value of your exhibit investment are the shipping cases. Whether you have a custom-jigged wooden crate, or a series of smaller cases with custom-cut pads for the exhibit parts, it makes sense to take a close look at those items to make sure they are maintaining their integrity. Over the years those cases and crates are also open to wear and tear. Felt can come off, custom cut jigs can get broken – after all, the very act of setting up and dismantling exhibits is hard on them. If need be, engage somebody to make repairs, or send it back to your exhibit house for repairs.

Go to the Right Shows

The final thought on maintaining the long term viability of your tradeshow booth is to make sure you’re not going to shows that are no longer any good for you. After all, if it’s not a good show, and you’re making the effort to be there, your booth is going through the motions of shipping, set-up, dismantle and shipping back to the warehouse more than it should be. And that adds just one more show to the overall wear and tear.

Like your car, your tradeshow exhibit will last many years. And if you keep it in good shape with tune-ups, tender care and a loving touch on a regular basis, you’ll get even a few more years out of it.


Got a tradeshow exhibit project in mind? Submit a Quote Request with no strings attached.

25 Ways to Cut Costs at Your Next Trade Show [Webinar Replay]

What’s the single most important thing you can do prior to your next show to save money? You might be surprised.

Tradeshow exhibiting can be expensive. So as an exhibitor, you’re always looking for ways to cut costs!

Just in time for 2016 planning, Mel White of Classic Exhibits recently teamed up with Handshake.com and gave a webinar aimed directly at you if you’re trying to cut costs in your tradeshow marketing.

From rental exhibits, to non-hanging-hanging signs (yes!), to cost-cutting in your graphic production, Mel gives you two dozen-plus items to consider.

Well worth your time:

25WaysWebinar

If you’d like to download the slide deck, get it here.

Oh, BTW..the single most important thing? It has to do with filling our forms. Yeah, boring, but very critical.

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“Tradeshow Success” Book Released

This week is the launch of my new book “Tradeshow Success: 14 Proven Steps to Take Your Tradeshow Marketing to the Next Level.” I’m doing a lot of the normal launch things an author would do: sending copies to industry media and bloggers, along with industry colleagues. Creating a list of clients and potential clients that I’d like to get the book into. And much more!

Beyond that, I’ve created a series of 14 videos, with each one relating to one of the chapters in the book. Those videos are appearing, about one a day, at my YouTube Tradeshow Marketing channel. Check ’em out!

So what can you do? If you want to purchase the paperback, here’s the Amazon.com page. You can also buy the Kindle version for about half the list price of the paperback.

You can also read the book for free here at TradeshowSuccessBook.com. You’ll be asked to opt-in to a mailing list (which, if you gotta, you can always unsubscribe from).

Book cover 3DV3 325 pix

What do you get in the book? As mentioned in the subtitle, I’ve detailed 14 steps that are critical to tradeshow success. Not every successful tradeshow marketer uses all of these steps with utmost efficiency, but most of them make very good use of many of the steps.
So what are the steps?

Let’s take a look at the 14 Steps:

  • Step One: Going with or without a Map? Are you doing enough planning and organizing around your tradeshows?
  • Step Two: Dollars, Pounds, Euros: How Much Do You Really Need to Make This Work? A breakdown of the budgeting process for tradeshows and what it takes to budget for a new exhibit.
  • Step Three: Getting Ready for the Big Dance: Pre-show planning and marketing.
  • Step Four: Did You Come to the Right Dance? Just make sure that your target market is at the show you’re going to dump all of that money into.
  • Step Five: Home is Where the Booth Is: Booth design essentials, including function, traffic flow, graphics and more.
  • Step Six: Is Your Frontline Team Up to Snuff? Booth staff training!
  • Step Seven: What Do I Do With All of These People in the Booth? Now that you’ve drawn a crowd, what do you do with them?
  • Step Eight: Tweeting, Posting and Instagramming Like a King or Queen: Putting social media to work for you in a creative way.
  • Step Nine: Who’s Keeping Track of Those Damn Tweets? Someone needs to create videos, blog posts, tweets, etc. Here’s a great look at some online content ideas.
  • Step Ten: Got a Stack of Leads: Now What? Lead generation and follow up.
  • Step Eleven: Becoming the Zen Master of Stats and Records: Record-keeping is the secret sauce to tracking your success.
  • Step Twelve: Stirring the Public Relations and Media Pot: Working with industry media.
  • Step Thirteen: Do QR Codes Still Kill Kittens? And Other Tech Questions: A quick examination of technology in tradeshows.
  • Step Fourteen: Out Of Your Nest: Time to Fly! Your call to action!

Want to grab your own copy? Use the links above to own your own. Or if you want the digital version (PDF download), try this:

Click Here to Get Your Digital Copy of My New Book

Essentials of Tradeshow Booth Design: Slide Deck

If you got a chance to see the webinar I did recently with Handshake, thanks! I hope you got something useful out of it. I’ve had a handful of requests for the slide deck so people can review it closer. Here’s the deck:

If you’d like to see the replay, click here.

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Tradeshow Guy Blog by Tim Patterson

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