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The Value of Exhibitions,
by Timothy Schneider,
Publisher, Association News
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Los
Angeles, CA � October 2016 / Newsmaker Alert / These
days, association executives have many tools at their disposal that can
be used to drive member engagement, increase revenue and advance the mission
of their organizations. While there has been a surge of technological advancements
designed to help enhance the member experience, it�s hard to top the value
of face-to-face interaction. One way to gain face time is through exhibitions,
which give sellers an opportunity to get their products and services in
front of prospective buyers.
Based
on the most recent studies from the Center for Exhibition Industry Research,
the future of exhibitions continues to be bright. At Predict, CEIR�s annual
exhibition industry conference held in September in Washington, D.C., a
record number of attendees discussed CEIR�s two latest reports from its
series on the changing environment for exhibitions. The studies resulted
in 10 fact sheets that explore the power of exhibitions from the perspective
of exhibitors. Here are several key findings:
Marketers
find exhibitions an essential marketing and sales tactic. From a list
of 20 possible marketing communications and sales tactics, business-to-business
exhibitions rank second as a primary marketing tactic, trailing only behind
a company�s website. Of those marketers surveyed, 63 percent of those using
exhibitions as a primary marketing tactic plan to maintain their budgets
for trade-show participation and 20 percent indicated that they plan to
increase their trade-show budgets.
Exhibitions
deliver unique value not provided by other marketing channels. The
top-priority marketing objectives cited by business executives include
building, expanding and reinforcing brand awareness and targeting business
sector promotions, new product or service promotions. The top sales objectives
cited were relationship management and engagement efforts with customers,
key accounts and prospective customers; generating sales leads; and generating
orders with existing customers and prospects. Exhibitions allow for face-to-face
meetings and the ability to see a large numbers of customers and prospects
over a short time frame.
What
factors drive the decision to exhibit? The most important factor considered
when deciding to exhibit or expand booth size is the quality of the attendees.
The promise of positive ROI and positive past performance are the next
most influential factors. In order to keep up with these demands, organizers
are encouraged to regularly conduct surveys with exhibitors and attendees
that will help determine their respective needs. Once an organizer knows
which buyers exhibitors want to meet and what products, services and companies
buyers want to see, they will be able to plan an exhibition that will be
beneficial to both buyers and sellers.
It
is imperative that association executives�particularly those who plan exhibitions
and conventions�stay up-to-date on the issues affecting the meetings and
events industry. In the December issue of Association News, please
look for our fifth annual Convention Trends supplement, which will examine
some of the most important issues affecting the professionals who organize
meetings, conventions and trade shows. For more information on the Convention
Trends supplement, please call 877-577-3700.
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Timothy
Schneider is the publisher of Association
News and SportsTravel
magazines, which serve group travel planners responsible for generating
106 million hotel room nights annually. Schneider
Publishing also organizes Meetings
Quest, America's longest-running series of trade shows for meeting
planners, and the TEAMS Conference
& Expo, the world�s largest gathering of sports-event organizers.
TEAMS �17 will be held October 30�November 2, 2017, in Orlando, Florida.
For further information on advertising or sponsorship opportunities, please
call toll-free 877-577-3700 or 310-577-3700 if calling from outside the
United States.
The
current issue of Association
News can be viewed in digital format online by clicking
here.
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Media
Contact:
Timothy
Schneider
310-577-3700
Schneider
Publishing Company, Inc. |