Oh yes, tradeshows can be very expensive, so what should you do to save money when exhibiting at a tradeshow? Let’s take a look at just a handful of ideas.
Partner with a bigger exhibitor. You may be a perfect complement to a partner with a much larger booth presence. Explore the idea of taking a small corner of a smaller exhibit. Both exhibitors will benefit from the added traffic when both exhibitors are promoting the joint appearance.
Rent an exhibit. Not always the best of go-to solution, but for many exhibitors, renting a booth means not dealing with storage. Usually at one-third the cost of purchasing a similar exhibit.
Dig deep to cut your travel costs. Cutting those costs may mean taking one or two fewer people, staying in hotels that are on a transit line but still a bit away from the convention center.
Save power by using LEDs instead of hot halogens.
Cut your shipping weight. Using graphic graphics that fold up are going to cost a lot less to ship, and will take up less space.
Cut your shipping costs even more. Shipping monitors isn’t a big deal. But imagine if you had them purchased locally, delivered them to the convention center, and then either shipping them home in your crates, or donate them to a local nonprofit and take a tax write off.
Don’t use your exhibit properties only at the exhibit. Work creatively to use them at other times of the year. Set a graphic up in your company entrance, show it off in the conference room or use it for a video shoot. Getting more usage out of your exhibit materials, especially the graphics, gives you a chance to stretch those dollars.
As a company owner, salesman and project manager for TradeshowGuy Exhibits, I get tradeshow marketing questions. Hoobooy, I get a lot of questions. I thought it might be fun to answer a handful of the most common questions I get.
Our shipping costs are sky-high. How can we bring these costs down?Many questions are about costs, so it’s a good place to start. Certainly, if something is heavy it’s going to cost a lot to ship. Wood panels are heavy, and many older exhibits have a lot of wood pieces. It also adds up in drayage costs at the show. Some clients like the image that wood gives them, so they bite the bullet and build the cost of shipping into their exhibiting program. Others that want to bring the shipping costs down look at lighter materials, such as silicon-edge fabric graphic panels (SEG) that give a great look but don’t have the weight and heft of wooden or other types of panels.
How can we increase our ROI?It seems that tradeshow marketing is hit and miss. Yes, investing in tradeshow marketing can be expensive, but done right, it can be a boon and open doors to markets that you wouldn’t be able to otherwise reach. Sometimes it comes down to exhibiting at the right shows. It often means putting more time, energy and resources into pre-show marketing, booth staff training and a booth that accurately represents your brand (among others). There are a lot of moving parts and if you let a few of those parts go unattended to, it can contribute to your failure. I spoke with a former exhibitor recently who said the last time they exhibited was years ago and it was a bust. When we spent a few minute dissecting it, we come to the conclusion that as a small local business, one of their biggest challenges was finding a local show that could provide a large enough audience of potential customers. Without deeper digging, it was impossible to know in that brief call, but we both felt that we identified one of their most important challenges: getting in from of the right audience.
How do we work with a designer? We’ve never done that before. Often I end up working with exhibitors who are in a sense moving out of their comfort zone. Before now, they have purchased exhibits from a source that just shows them a catalog of pre-made items. Nothing wrong with that, there are hundreds and hundreds of modular exhibits and accessories that are more or less ‘off-the-shelf’ that will do a great job for you. But exhibitors will often reach the point where they have the budget and desire to move into something custom. Working with a designer is straightforward – but you have to choose a designer that knows how to design in 3D. Graphic designers typically won’t have the skill to do so. However, trained 3D exhibit designers know how to design exhibits that take into account all of your functional needs: storage space, display space, foot traffic flow, graphic layout and so much more. A typically-trained graphic designer won’t have the skill that a 3D designer does. As for working with a designer, it’s typical to have a long conversation, either in person, or on a conference call, with the company stakeholders so that all needs are discussed. At that point the designer will create a mockup or two for review and once comments are in, changes are made until the final design is agreed upon.
I need a new exhibit. Should I prepare and issue an RFP (Request for Proposal)? It depends. There’s no definitive answer on this one. An RFP does a couple of things: it helps clarify your exhibit needs by forcing you to articulate all of your needs, budget, timeline and so on. Putting it all in black and white is a great exercise whether you’re putting out an RFP or not. If you don’t have an exhibit house in mind, issuing an RFP allows you to vet a handful (probably 4 – 6) companies, and make them jump through some hoops to make their case, and perhaps even do mock designs for you. On the other hand, if you have been working with an exhibit house that has done you well – has created great exhibits for you in the past, has been an effective partner for years – then no doubt you’re in good shape staying with them.
How much does it cost?It’s a question people don’t really like to ask, but usually end up blurting it out. Some items come with a set price, like the off-the-shelf catalog items, but if they’re shopping for a custom exhibit, there is no obvious answer. In my younger salesperson days, I’d answer the question with “well, what’s your budget?” but that’s not really a good answer. The better response I believe, is to ask them how they come up with a budget from their end. What is their process for determining how much they are willing to invest? There are industry standards – which are pretty accurate, and a good starting place – but the client has to work through a number of internal issues unique to come up with a realistic budget for their project. A final thought on this: if their internal discussion gives them a number that isn’t realistic for their expectations, a reputable exhibit house will tell them so.
How quick can you get it done? Or: how long will this take? This question often comes from an exhibitor who hasn’t paid close enough attention to the calendar and are now scrambling to get something in place. A recent exhibitor asked me – months (almost a year) ahead of their need and asked “how long does the process usually take?” The question was about designing and fabricating an island booth from scratch. I silently gave him kudos for asking the question up front (and not waiting until a month or two before the show), then told him my answer: for an island exhibit, we’d love to have 3-4 months at minimum. Six months is better. But we’ve turned around island exhibits in 5 or 6 weeks IF the client has a really strong idea of what they want and all that’s need for design is for the designer to create the rendering and confirm that the look and feel and dimensions are accurate – and then we’re off to the races.
Certainly there are other questions I hear, but in reflecting the past year or two, these seem to be what come up the most-asked tradeshow marketing questions. What questions do YOU have about exhibit creation or tradeshow marketing?
Yes, I tried to play back the recorded interview on Facebook but for whatever reason it wasn’t working. Still more research and practicing to make it work. But in the meantime, all the content is here!
Got a chance to chat with John Halvorson of Transgroup Global Logistics this week for the vlog/podcast. John was a great interview, unloading lots of great information on the ups and downs and back and forths of tradeshow shipping. Give a listen or take a look on either the audio podcast version below or the video version.
Sometimes I get tradeshow exhibiting questions. Well, frankly, I get a lot of questions. Some of them are even about tradeshow marketing! It’s worth seeing what people are asking, as well as what they’re thinking but not asking (I think!).
Q. Are tradeshows really worth attending?
A. The answer is: it depends! It depends on a variety of factors. Where to start? Let’s say that on average, companies spend about a third of their yearly marketing budgets on tradeshows, so there is definitely a lot of money ending up promoting products and services via tradeshow marketing. To get the most bang for your buck, do your due diligence by making sure you’re at the right show(s), with a good-looking and effective booth and well-trained and prepared staff.
Beyond that there are so many variables you could write a book about it. Well, actually, I did.
Q: How do I know what kind of booth to get or what size?
A. While this is generally dictated by budget constraints, other factors come in to play, such as the size of the show (exhibitors and attendance figures are important to have), what competitors will be at the show and how important a particular show is to your overall tradeshow schedule. Sometimes a small 10×10 booth does a great job representing your company with only a few staffers. Other shows may dictate that you consider stepping up your presence. Lots of exhibitors that show up year after year at shows that are beneficial and help them build their businesses will continually invest in larger booths to make a bigger impression at the show. And when it comes to tradeshows, more than any other kind of marketing, perception is critical!
Q: Graphics are a big challenge for us. What’s the best way to approach this subject?
A. Graphics are critical to the success of your booth, so it makes sense to get the most effective design and use the highest quality. Design is critical in that your design should be striking, compelling and simple. Putting too much into a design means that people will not stop to digest it. Large images, bold text, compelling questions or bold statements are all ways to get effective graphics on to your booth. And be sure to work with someone who’s used to creating the large-format, high-resolution graphics that are necessary for effective tradeshow graphics. And work with a production facility that does high-quality production.
Q. Even with a big booth in a good location and a great product, we’re still coming up short of the amount of leads we feel we should be generating. What else should I consider?
A. A few areas to look at: booth staff competency. Are they properly trained on how to handle visitors in a tradeshow? Also, do you have any interactivity in your booth? That might be something that a visitor can put their hands on, which takes them a few moments during which you can then uncover information to qualify or disqualify them. Finally, you might consider hiring a professional presenter. A good one is worth their weight in gold in the amount of leads they can generate.
Q. I’ve never exhibited before. We know it’s important to make our presence known at some very targeted shows. What’s the best way to start?
A. Talk with a professional who can walk you through your various options. These depend on budget, of course, but you’ll want to compare renting vs. buying; custom vs. modular or system booth and go over which shows are really a good fit for you. From there you can talk about how best to show off your product or service, how many people to take to the show and what kind of lead generation tools you might want to consider using.
Q. Tradeshows are expensive. What are some good ways to cut costs?
A. Yes, they can be expensive! But you can find ways to keep costs down. You can look at cutting exhibit costs by not using hanging signs (expensive to hang), using a modular booth vs. custom, using reusable packaging material, not having extra boxes shipped to the floor (drives up drayage cost) and much more. For a very thorough list, I’d recommend you take about 45 minutes and watch Mel White’s recent webinar with Handshake on 25 Ways to Cut Costs at Your Next Tradeshow. It’s well worth your time.
Last week I sat in with the good folks at Handshake.com and offered a look at Tradeshow Logistics: Getting Your Ducks in a Row. It’s a part of tradeshow marketing that is critical, but tends to be set aside in favor of things such as pre-show marketing, staff training, lead generation and so on.
In this webinar, we covered a lot of pertinent things, such as shipping, booth upgrades and graphic changes, the logistics of lead generation and getting them back to your sales team and more. Thanks to Handshake.com for offering to have me host another webinar with them!
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
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.
Here’s a guest post by Dennis Salazar of Salazar Packaging of Plainfield, Il. Dennis caught my attention with a couple of tweets that steered me to his blog, which discusses sustainable packaging. Given that every tradeshow exhibitor has to deal with packaging in one way or another – shipping, product packaging, etc. – I asked if he’d be interested in contributing a guest column. Here’s Dennis’s contribution:
No, not the Ethel Merman variety of show business; I’m talking about the exhibit hall, hard floors and long hours type of show business. The type of show where the only thing more outrageously priced than a square foot of booth space is the five minute lunch you gulped down which consisted of a cold hot dog, served on a stale bun with a once carbonated soft drink that hasn’t been bubbly since the 2005 Auto Show.
The fact is that I have seen very few companies work within the guidelines of sustainable packaging, the way people do when they are preparing for a show.
At the show exhibitors do green packaging right!
Here is what I have noticed about show exhibitors:
Most of the packaging for booth displays is wooden crates and wood is still considered the greenest packaging material because it is natural and renewable.
A booth display will be used over and over again for years with perhaps only minor changes to graphics. This means the wood used to ship it is also reused many times.
Even when a display is replaced, the company making the new display is very likely to re-crate the new model with the same wood.
Booth displays are painstakingly “right sized” so there is little wasted space or excess packaging material to be found. This saves money on everything from construction to the multiple shipments it is certain to experience.
Motive versus Results in Sustainable Packaging
There is a very small segment of green minded people who are more interested in the condition of the heart rather than the end result. For them it is not enough to do the right thing, you also have to do it for the right reasons.
Of course I care about the motivation behind a company’s green actions but I am equally concerned about what they are able to accomplish. I would rather see a company with strict financial motivation and great end results than a company with a sincere eco heart and mind, who talks the talk beautifully but has little green success.
If you closely examine most show packaging, you will agree it typically does an excellent job of satisfying critical sustainability requirements because it is renewable, minimal and reusable.
With more than 30 years of industry experience, Dennis Salazar is founder and president of Salazar Packaging, Inc. He is a prolific writer and popular speaker on the topic of sustainable packaging. His blog, Inside Sustainable Packaging, has been acclaimed by both the green and packaging communities.
What company should ship your tradeshow booth? Could be a tough question and a difficult answer. But there are a few steps you can take to make it easier.
First, ask other exhibitors. Find out who they’ve used, what their experience has been and their thoughts about the cost. Then start a few months before your next show so you’ll have time for due diligence on the potential shipper.
Determine if the company handles a lot of tradeshow booths. If so, perhaps they’ve got a truck going to the same show, which could lead to some savings.
Some questions you might ask:
Can you track shipments online? How your shipments are kept secure? Have they worked with the venue before? Do they have any references?
To get an accurate quote, you’ll need a count of the pieces you’re shipping, along with dimensions and accurate weight estimates.
Finally, once you’ve found a good shipper, don’t be afraid to be open to other recommendations – keep your ears open. The industry shifts quickly and keeping your options open is always a good idea.