Ever have one of those moments when you wish you had a picture of something from the tradeshow appearance you did, oh, six months ago, but you can’t find it? Setting up your exhibit at a tradeshow is a fleeting moment, and the more photos you take and the more records you keep, the better off you’ll be as you prepare for next year’s show. Here’s a quick video on a handful of things you might consider tracking from show to show:
When putting a budget together for a new tradeshow exhibit, there are more things to consider than just the cost of the exhibit itself. Here are a handful of things that will likely come into the mix:
With the pandemic slowly winding down (fingers crossed), what does the future hold? I’m no prognosticator and I’m definitely not an economist, although I pay attention to a lot of what’s going on in the economy. Last summer, in a conversation with a colleague, we wondered aloud what it would mean for the tradeshow and exhibit industry when “normal” returned. At that time, we were only looking ahead a few months, but here it is at least two seasons later, and we’re still waiting for the new normal to return.
The country and much of the world are still slogging through high unemployment, many stores closing, restaurants on life support and little to no job growth. In monthly calls with tradeshow exhibit producers, sellers, and project managers, it’s clear that most vendors in the tradeshow world are still operating at a fraction of their full capabilities. And most still think that they won’t reach their full capabilities until sometime in 2022. Yes, Q3 and Q4 in 2021 should show some improvement, but it’ll be a slow go for months to come.
But, once things return, people are comfortable traveling and setting up exhibits and attending shows, what does that mean?
A recent article in the New York Times tagged a few economic markers they’re following, including a prediction by the Federal Reserve Bank of Philadelphia that US output will increase 4.5% this year, which if it happened, would be the best since 1999.
Optimism is growing because of a number of things: coronavirus cases are dropping, vaccine rates are increasing, and oh, yeah, there are a few trillion dollars sloshing around in the economy and if the current administration wrangles their bill through Congress, another couple of trillion dollars will follow. Consumers are also sitting on trillions of dollars thanks to lockdown spending dips and more stimulus payments.
But what does that mean for the business world or, more specifically, the tradeshow world? It’s hard to get a handle on exact outcomes, no surprise, but experts point to the fact that in many industries – tradeshow world likely included – a number of companies simply haven’t survived, or they’ve been gobbled up by stronger competitors. Which means that there may not be as much competition.
The world of shows, events and conferences is also changing. Floor plans may change, especially if social distancing remains in effect in at least parts of the country, meaning different shapes and size availabilities for booth placement. Does that mean revised exhibits? New exhibits? Downsizing or upsizing? Who can say? Any change will likely mean exhibitors be willing to spend money for either revisions or brand-new properties. Fingers crossed for all of us in the supply side of the industry.
One final note: Marly Arnold of Image Specialist does a biweekly live 30-minute show that appears on her YouTube channel, and a recent conversation with Jim Wurm of Exhibit Designers and Producers Association talked about this very topic. On the YouTube page here, she lists a number of links that are worth looking at. Let me share just a couple:
From TSNN, ten predictions for meetings and events in 2021. Some of the predictions include: virtual isn’t going away once shows return to live venues; Las Vegas is coming back strong (no surprise); it’s going to be a bumpy ride.
Northstar Meetings Group looks at which convention centers are open.
TSNN with another look at how bad the US hospitality and travel industries were pummeled since COVID-19 took hold.
Beyond the links from Marlys’ YouTube page, TSNN also posted this piece on how momentum is building in the tradeshow world.
From this vantage point, it seems like a boom is coming. The question is how big, how long and how much of it will reach us here in the tradeshow, event, and conference world.
When I first speak with a new client about what they want in a new tradeshow exhibit, it usually comes down to one of two approaches. Either they want to start from scratch, in a sense, and have a good idea of the potential layout and scope of the exhibit, and they have a budget number in mind. Or, and this is the other extreme, they want to pick out a kit from our catalog and make do, mainly to save budget dollars.
There’s nothing wrong with either approach. Every company has a different agenda when it comes to a new exhibit.
The former approach means everything is custom from the git-go. A designer is brought in, conversations are had about brand attributes and guidelines, and the designer is basically turned loose. These are typically the bigger budget projects where, from the start, the designer is encouraged to cut loose, to try several approaches and show a number of structures with different traffic flow patterns, demo areas, meeting areas and so on. From that, the client decides on one (or two) that work best for them, and the design is refined until it’s ready.
The other approach, where the client is typically working with a more limited budget, starts with a kit from our Exhibit Design Search at TradeshowBuy.com. More often than not, the client believes that the kit as shown in the renderings is the final design.
That rarely happens. Once the conversation starts, the questions begin. Can we add a counter? What about shelves? We need shelves. And something to sit at. And that panel isn’t big enough, what if we made it bigger.
The answers are yes, yes, and yes. Kits get customized, almost all the time. With new clients, there is a bit of a learning curve, but once they realize that even if they start with a kit, that doesn’t mean they’re stuck with everything that’s show. Kits are good starting points to get what clients really want, which is most often a customized version.
A good thing to keep in mind when starting from scratch, especially if your budget is pointing you in the direction of a kit. That kit can be revised, reduced or enlarged in size, configured to fit in more than one final setup (10×10, 10×20, 10×30 for example). Accessories can be added, freestanding graphics or tables can become a part. And those additions don’t have to be out of the catalog, either. Often a client will have custom-built tables that include their logo and additional lighting effects to make them stand out.
If you’re shopping for a new exhibit in 2021 and your budget is pointing you towards something out of a catalog, starting with a kit makes sense. But you don’t have to (and probably won’t) stay there.
The tradeshow and event industry has been gasping for air for months and months. Exhibitors are putting off investing in new exhibits while wondering if they’re even going to appear at any shows in 2021.
In steps Classic Exhibits, our main exhibit manufacturer, with a little help: a price drop on safety dividers and rental! Not to mention, a trio of eco-friendly sustainable exhibits: a 10×10, a 10×20 and a 2020 island. Let’s take a look. Click to enlarge. Find the links below to download the PDFs.
It’s easy enough to get caught in the checklist approach to tradeshow exhibit design. This week’s quick video goes over some thoughts on how to avoid that, but still make sure the exhibit has all that it needs:
Hiring an exhibit house is a big task. It’s a commitment to a business relationship that, ideally, you’d like to keep in place for years. But everything must come to an end, and there may come a time when it makes sense to consider changing exhibit houses. Here’s my quick video that looks at ten situations that may warrant that consideration:
The use of virtual tradeshow exhibits may not be exploding, although my sense is that it is increasing. Some big tradeshows have gone completely virtual for the next year or so, maybe longer, depending on the depth and breadth of the COVID-19 pandemic.
Which leaves exhibitors in a bit of a quandary: what to do about virtual exhibits. Should you invest in one? Should you just wait out the pandemic and hope you can get back to live tradeshows in the next six to twelve months?
And if you are seriously considering a virtual exhibit, it’s important to consider all of the various things you can do in the exhibit. I’ve seen a few virtual exhibits lately, and there is a wide variety in the approach. Some exhibitors have chosen the simple, let’s-keep-the-cost-down approach. Others have tried to throw everything in but the kitchen sink.
As an aside, one exhibit maker I spoke with recently said that a recent client of theirs did a virtual exhibit and found that at the virtual tradeshow, they experienced a 700% increase in leads for a fraction of the cost of appearing at a live show. My eyes opened at that stat, and while it’s impressive, it’s likely not going to be a common experience for every virtual exhibitor. But it does demonstrate that there is a lot of potential in virtual tradeshows if you plan ane execute well.
Having said that, there are a number of ways to get engagement at virtual tradeshows. The first is crucial: make sure that potential visitors know about your virtual tradeshow exhibit so that they are prepared, put it on their calendar, and have expectations.
The second is to build the expectations and prepare for them by putting specific things in your virtual tradeshow booth that visitors want. Things they’ll respond to, interact with, and share with others.
From that starting point, the question remains: what should be in your virtual exhibit? There are many answers, and your company’s specific needs should help frame the answer. Here are a lot of the things, perhaps not all, that could go into your exhibit. Keep in mind that each piece will add to your overall cost, much like a 3D real world exhibit, and that each piece of content, such as videos or white papers or PDF reports, all will take time and money to create. Before finalizing your plan, create a budget based on all of the pieces you think are necessary to make your virtual tradeshow booth a success.
Here are a number of things you can and should consider:
No doubt if you put your mind to it, you can come up with more. What am I missing?
Are you guilty of any of these? Don’t feel bad. We’re only human, but if we know ahead of time what things to know, what to avoid and how to prepare, we can have a much better and more successful tradeshow exhibiting experience.
I’ve had Kevin Carty of Classic Exhibits on a handful of times this year for various discussions related to dealing with the COVID Pandemic, how they’re dealing with it and more. But this week I wanted to catch up with Kevin to learn more about virtual exhibits: how they’re working their way into designing and implementing exhibits for clients, and how exhibitors can think about and approach a possible virtual exhibit for their own use:
This week’s ONE GOOD THING: Rain. Sorely needed here on the west coast with all the forest fires still burning. We got a good dose of rain late last week and while it didn’t put the fires out, it gave firefighters a good helping hand.
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