Posts Tagged ‘Trade Show Strategy’

Stop Burning Trade Show Dollars

Sunday, January 23rd, 2011

Looking for a better ROI on your next trade show? This video is a must.

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Power of Persuasion: What’s gender got to do with it?

Wednesday, December 1st, 2010

What’s gender got to do with it?

As a tradeshow lead generator, my job is to stop traffic at my client’s booth, show a quick magic trick that showcases their brand, and finally to introduce qualified prospects to my sales team.  It’s a number’s game.  I’m able to increase leads by 25% to 100%.  That’s quite a range. Why the difference?

Professional tradeshow lead builders calculate a stop ratio for each show. If I am asking attendees walking by our booth to stop for a moment so that I can show them something amazing (as I fan my cards), how many out of ten will actually stop and how many will ignore me?  My worst ratio ever: less than 1/10, and my best 9/10.  Again, that’s quite a range.  Why the difference?  Gender.

The lowest 1/10 stop ratio was for my client Vencom at a Yankee Dental Conference.  While there were hygienists and students attending, my job was to stop dentists.  At this show, most of the dentists were older men in conservative suits with dour faces.  The best ratio I experienced was at ASHRM where I had to stop hospital risk managers, most of whom were women with nursing backgrounds.

When Fidelity asked me to build leads for them at the AFP conference  they told me that the large majority of attendees were male.  I selected my female lead builder Clair Park, and her stop ratio was better than 9/10.

This experience is not unique to me.  My fellow trade-show lead builders concur: Gender matters. 

At least on the trade show floor, women will stop for men and men for women with far more frequency than the opposite scenario.  This has little to do with age, looks and approach and much to do with the opposite sex. 

Application:  If you work tradeshows, have a male to approach female attendees and have a female to approach male attendees.  A good stop ratio is vital because when attendees walk by your booth without hearing your message, you are burning your tradeshow dollars. 

Off the tradeshow floor: Do you think the same dynamic carries over to the networking arena?  Will a man have more success breaking into a conversation, when the conversationalists are women? How about vice-versa?  Weigh in with your thoughts here.

Amusing side note: To a lesser degree, stop ratio is also determined by industry.  For example marketing professionals are more likely to stop than are plastic surgeons.  Of the hundreds of professions I’ve targeted, dentists were the hardest visitors to stop, and they smiled least.  I remember one dentist who actually was smiling.  I stopped him and said, “look around at all the faces.  Not a smile to be seen.  Why are you smiling?” He smiled even more broadly and replied, “I’m retired”.

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Trade Show Strategy: Who Cares?

Monday, July 27th, 2009

shruggingThe little guy cares. In the hundreds of trade shows that I’ve attended, here is my general sense: the budding entrepreneur who invests anywhere from $300 at a chamber event to $10,000 at a national convention is going to work his booth.  He cares about converting leads to sales, and he acts like it. Usually he is excited to be there and welcoming attendees into his booth. He is engaging and follows up on all leads.

Conversely, the salespeople from big companies tend to view the process not as an opportunity, but rather “BOOTH DUTY”. They use that word all the time in phrases such as “Ohhh, I got BOOTH DUTY . . . hey Jay, when do we get out of here?”  A trade show is more of a sentence to serve than it is a privilege to network.

Granted, there are many exceptions to this, but nevertheless the generalization holds true.

Just walk down the aisle at your next national show to see how many salespeople are sitting, have their arms crossed, talking amongst themselves, on their cells, eating, or looking like the alive dead. You’ll notice these signs of “poor booth behavior” are less prevalent at a home show, where entrepreneurs are trying to build their business.

Why is this?

Human nature. People respond to incentives. Entrepreneurs know they are there to put money in their pockets, and it is easy for them to see the process: 1) stop traffic; 2) qualify leads; 3) follow-up; 4) make the sale. Sales reps at big companies don’t believe that trade shows will lead to direct benefit to them; therefore it is a duty.

If they believe there is no direct benefit, it is probably because, as things are, there isn’t. Bigger companies tend to have a more convoluted system that may include territories, longer sales cycles, sophisticated distribution etc. In addition, the show may be obligatory for branding but not so effective for sales prospects.

While the salespeople may have a hundred better things to do that day, the leadership of the company usually does care, just like the entrepreneur. But the CEO is usually too far removed to get involved, and so the show goes on to help branding and market presence, but sales? Not so much.

Any leader of a larger organization would cringe at the wasted sales opportunity. Marketing is important, but sales keeps the organization breathing.

What to do?

Here are three solutions:

1) Give those on “BOOTH DUTY” goals and rewards. Plus make it competitive with teams. Competition always fuels active participation and peer pressure to produce. Don’t be stingy with the rewards – how much money are you investing in exhibit, space, giveaways, opportunity cost of exhibit team, travel, food, entertainment, etc? Cash is king, gift certificates work well, or simply ask them what they want. Believe me, they’ll tell you.

2) Bring in a trade show trainer who understands techniques to stop traffic. A trainer will also show you how to qualify leads and get attendees to agree to an appointment or follow-up call.

3) Stop doing trade shows. If your show doesn’t generate a measurable ROI, and you don’t want to try the solutions above, consider saving thousands of dollars by dumping it, and invest a bit in inbound marketing for your sales people.  They’ll never see that as a “duty”.

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Trade Show Strategy: Don’t Be A Pest

Friday, April 4th, 2008

dreamstime_7531048[1]Exhibitors can easily become a PEST to show visitors.  Here is an article I’ve written with Jason Kallio and posted on Peter Caputa’s bolg – enjoy!

Don’t Be a PEST

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