The Facts on Wholesale Trade Shows

We've all come a long way in this business.pricing, or both. There's a certain level of honesty
Technology is putting our ideas into binary codethat can be found in a customer who has been
faster than ever before, and the endless stream ofslightly overwhelmed by the sensory assault of a
consciousness that makes up the tweets, chats,busy trade show, and if you can provide a moment
emails, blogs, sites, and forums have reached a levelof pause for them, you might be privy to some
that was unimaginable by many of us in thehighly valuable feedback on everything from your
wholesale, closeout, wholesale product and wholesalebooth's appearance to the general impression of your
industries, as recently as five years ago.product, and how it measures up against the
TopTenWholesale.com[ has earned respect in thecompetition.
industry as the leading online wholesale directory and• Identify new market opportunities. Doing your
search engine for connecting resellers and buyers ofhomework during the show can lead you to a
general merchandise in the global and domestic tradegoldmine of ideas, strategies, and inspiration to
directly with wholesalers, manufacturers, distributors,explore other opportunities you might not have paid
dropshippers, importers, exporters, and other typesmuch attention to in the past. Trade shows can
of suppliers. However, we would like to point outserve as a real barometer for the trade environment
that there is one force behind all of this that makes itin your industry, and with this information you will be
succeed: the Human Factor. Connecting face-to-faceable to make some educated guesses about the
with buyers and sellers remains the number onefuture.
method of securing commitments and partnerships at• See and experience booth display techniques, by
a far deeper level than any other method, and if youobserving the others. There is an art and science to
are wondering what to do about getting involvedthe act of putting yourself in front of an audience in
with trade shows, take a look at oura setting that instantly gives observers a chance to
constantly-updated, categorized, and content-richassess your viability in a few seconds. Watching for
section on Trade Shows[ for more information! Herethe successful show-stoppers of the exhibition will
are some highlights of two main reasons to put tradeprovide you with market research that is hard to put
shows at the top of your list, as you continue toa price on.
search for new and innovative ways to broadcast• Gain knowledge and confidence when dealing
yourself to the millions of eager buyers that arewithin the international markets. Nothing replaces
looking for you!practical experience in this area, and in some
Wholesale trade shows are important for bothcountries, you will feel more detached and insecure
buyers and sellers! Anticipating year-on-year trade,than you could have imagined, and that's okay... since
quarter-on-quarter trade, or some more detailedwe all have to go through it at some point, when
versions of valuable information throughbuilding up our foreign lines of trade. There's no
trade-by-sector can be rather daunting, especiallybetter time than the present to hit the ground
when you're simultaneously dealing with a variety ofrunning, and start learning what you need to know
goods and buyers alike. Why not give yourself anabout how business is done in other parts of the
advantage over the competition by being physicallyworld.
present at the shows that already attract buyers? In• Train your staff in ways that are nearly
essence, the function of a trade show, trade fair, orimpossible without trade shows. Trial by fire, anyone?
expo is to simply put yourself in a position toYou need salespeople who are able to blend in
showcase and demonstrate your services andseamlessly within any environment, and the best
products. However, the other functions of the showsproving ground for your staff to get their rapid-fire
are equally – if not more – important thanpresentation skills perfected is to put them in the
this, as attendance can give you a distinctmiddle of the action. Trade shows are not known for
opportunity to observe the activities of yourbeing a relaxing and casual affair, and your team will
competitors, assess the trends of the industry, anddevelop skills and abilities that far surpass anything
perhaps find inspiration to augment your own tradethey could learn from a textbook.
model and current strategy.• Build brand recognition instantly. All eyes are
Wholesale Trade Shows can Improve the Currentupon you at the trade show, and if you launch a new
Business Position of any Wholesaler! Take a look atbrand, or want to revisit and perhaps reinvent an old
our TopTen points to consider that can help you toone... this could be a great time to get more instant
determine if a trade show is right for you:feedback on your project, and its impression on
• Find access to a large number of buyers at oneexhibition attendees.
time, and in one space. We all know how precious• Take a fixed cost, and maximize its benefit.
those minutes and seconds are, when attempting toAllocating funds for your annual, quarterly, or
capture your target market's attention. Trade showsseasonal shows can help keep your books in order. In
are a hotbed of activity, and if they're handled withaddition, part of the payback on expenses that come
the right level of enthusiasm, energy, andalong with exhibiting, travel, and client entertainment
organization... they can provide immediate results.are various opportunities to refine and analyze ROI.
• Learn about markets, products, trends, and• Create an environment of trust, rapport, and
product competition firsthand. What better way toappreciation with your customers. This is perhaps the
see what everyone else in your industry is doing,most important point. You are bringing yourself
than to watch them strut their stuff on thedirectly to the customer, and this is your chance to
convention center floor? If you had any doubtsmeet most of the new ones face-to-face for the
about what your competitor is capable of delivering,first time. Being the best at promoting a philosophy
this is the chance to experience it for yourself.of great service, support, and quality goods is worth
• Receive instant feedback on your product,it.