Trade Show Exhibiting During Challenging Economic Times

p>There is no doubt that the current financialto cut costs and maintain an excellent trade show
meltdown has caused a serious need for marketingpresence. When compared to custom exhibits,
and sales functions in most corporations to bemodular exhibit materials offer dramatic cost savings
reevaluated, modified, and readjusted.and provide a simple backdrop for creating a
Most all tactics within a firm's marketing mix will needprofessional exhibit environment from which to
to be evaluated to determine which are the mostconduct business.o Rent Exhibit Materials. Research
effective in stimulating sales and closing business.local vendors to find an exhibit builder who will rent
Trade show exhibiting is one of the most expensiveyou an exhibit, including labor to transport it to and
and time consuming activities in the marketing/salesfrom the show and installation and dismantling
mix, and it often finds itself on the top of the list ofservices - all for one quoted price. Product could be
the cost- cutting chopping block.shipped to the exhibit house and all materials could be
Because trade show exhibiting expenses include thedelivered to the show for installation by workers who
immediate outlay of cash for exhibit space, exhibitknow the hall and what it takes to get in and out
materials, shipping, labor, transportation, travel, hotelwith few problems.o Man the Booth with Local
expenses and daily expenses for those who workPeople. Instead of flying people from all over the
the booth, it is often easy to see wherecountry into the show city, try to man the booth
accounting-driven corporate management seeking towith local sales, service, and/or office personnel. This
save money might decide that trade show exhibitingwill not only save money, but it will also give selected
during tough financial times is just not worth it.people an opportunity to represent the company in
Before that important decision is made, however,the exciting and often educational environment that
consider just how your presence - or absence - attrade shows offer.o Consider National Shows More
important trade shows affects your business. Tryingon a Local Basis. When money is tight, you can
to save a few dollars today could compromiseexpect fewer prospects and customers to travel
business tomorrow.long distances to attend a trade show. But as an
Consider this: If you drop out of a trade show thatexhibitor, you'll likely see more local attendees, so
you have exhibited in before, what will youradjust your goals and objectives to maximize those
competitors say to your prospects and customersopportunities.o Show Special Non-Product Benefit
about your absence? The fact that you are not onOfferings. While product is king, there are many
the exhibit floor will provide your competitors with annon-product offerings that add value to a sale during
excellent opportunity to simply and effectively casttough economic times. Discounted or free extended
doubt about your financial health and, morewarranties, free technical support, free product
importantly, your ability to continue to sell and serviceupdates, a 30-day money-back guarantee, generous
your products. The exchange between yourlow-interest payment plans, free shipping, innovative
prospects and customers with your competitor couldtrade-in allowances, lease option to own programs,
sound something like this: "Gee, I don't know whereand discounted service contracts are but a few ideas
they are. Maybe they're in serious financial difficultyto add value to an exhibitor's trade show
and can't afford to exhibit. But not to worry,presentation.o Immediate and Effective Sales Lead
because we're here and ready to serve your everyFollow-Up. New business is tough to get, so every
need."opportunity an exhibitor has to favorably impress a
So before your company decides to drop out of anyprospect/customer and obtain the sale is magnified.
trade show, here are a few suggestions that willNow is the time to focus on providing excellent
keep your customers, prospects, and competitors onafter-show customer service. Sales lead management
the same page and make the most of theis critical in responding to a prospect's request for
opportunities available to you on the show floor.omore product/service information, and the exhibitor
Reduce the size of your exhibit space. As long aswho can effectively meet the challenges will get the
you are on the exhibit floor, your people are availablesale.o The Press. The trade and consumer press will
to conduct business as usual. If a question arisescontinue to attend trade shows seeking news, new
about the size of your booth - if in fact it is smallerproducts, and stories associated with the industry
compared to previous years - you can simply sayand exhibitors. Successful exhibitors always have
that serving prospects' and customers' needs duringcomplete press kits to hand out, and they always
these challenging economic times is more importantpre-arrange interviews with editors attending the
than having a fancy exhibit.o Use simple exhibitshow to foster post-show coverage, ensuring that
materials. Today's lightweight,their products, services and news are accurately
easy-to-set-up-and-dismantle exhibit materials providereported.
the cost-conscious exhibitor with many opportunities