It (almost) goes without saying that the investment Exhibitors and Sponsors make in an event does not end once ink is dry on the contract. Exhibitors’ marketing budgets – in both pre- and on-site promotions – are substantial. According to a survey published by the Center for Exhibition Industry Research, respondents spent, on average, $32,000 - and up to $50,000 - on these activities per event. Add to this costs in human capital and the challenges measuring ROI and it becomes clear why the events budgets are prime for cutbacks when corporate marketing budgets are put under the magnifying glass.
It also begs the question: Why the lack of social networks as an inexpensive, effective marketing channel for attendee promotion?
According to the CEIR survey, Effective Methods for Visitor Promotion Part II: Exhibitors, less than half of the 218 responders reported using personal social networks (LinkedIn, Facebook) for visitor promotion (and this was the highest use of SM tools reported.) If, as I noted last week, the name of the game is engagement, Exhibitor Event Marketing leaders need to grow the use of Social Media tools as effective and cost-effective means to driving booth traffic.
Ironically, a key benefit cited in the survey, access to an attendee list (84% of the respondents said they wanted a list of pre-registered attendees from the event organizer), is one which Event Marketers can develop using these very tools. Social media tools provide the ability to develop these communities and networks as a way to not only drive booth traffic but to engage attendees, potential attendees, and your booth visitors on a year-round basis.
Using social media and networking tools strategically also provides you a voice before the event – and alleviates your not just being another face at a booth an attendee stops by on site. Ask yourself: as an attendee, would you rather visit a booth where you’ve connected with a representative of the company, or visit a booth cold? Getting a handle on and using social media goes a long way in humanizing what can be the large, industrial feel of many a show floor.
This can – and, I suggest – should be handled collaboratively between Exhibitors and Event Organizer marketing teams. First, Exhibitors should ensure that they, as sponsors, have access to and with attendees via a community or network managed by the organizer pre and post-event. [In this engagement, exhibitors of course should be sensitive avoid using such network or community to “push” booth traffic. Instead, use it to engage in conversations, answer questions, and listen.]
Secondly – and to step out of the event arena for a moment – exhibitors need to ensure they are utilizing the social media assets your corporate organization may already have in place. Use this as a way to not only reach out to event attendees, but to raise awareness around the event and your organization’s participation in the event. Your company’s blogs, gated communities, and networks are prime areas to include your presence at events as part of your overall corporate communication and branding initiatives.
Possibly the most telling item on the survey: While one of the lesser tools utilized by exhibitors, Social Networking was cited as the 3rd most effective exhibit promotional tool (behind Hospitality Suites and Guerilla Marketing) … and more effective than traditional avenues such as handouts, email, print, and premiums. Again pointing to social media that, as Event Marketers, we need add to our arsenals.
Good luck!
John
Showing posts with label sponsorship. Show all posts
Showing posts with label sponsorship. Show all posts
Wednesday, February 17, 2010
Friday, January 15, 2010
“Who is Attending?”: Getting It Right
The Attendee Profile – answering the question “Who is Attending?” has always been an X factor for Event Marketers. It is a key metric exhibitors evaluate pre- post-event, and drives satisfaction with an event and influences re-sign decisions. I’m sure at one point you’ve heard feedback of “Exhibitors are not happy because there were too many vendors attending as delegates.” Or event attendees were “too junior,” “the wrong function,” or lacking in some other demographic.
To a point such feedback can be expected: you can’t please everybody. However, with exhibitors’ budgets coming under increased scrutiny, effective Event Marketing needs to focus on – and react to – not only quantity but quality of registrations in 2010. Gone are the days of getting X number of attendees in a room or a hall, patting ourselves on the back and saying “Well done!” Decision-makers in sponsorship circles are under increased pressure to prove and justify that their investment delivered the interaction, leads and conversions they planned for when signing onto the event. And that pressure, ultimately, falls on the shoulders of Event Marketers in the form of getting the right bodies there.
To help exhibitors justify spend, according to B2B Magazine, The Trade Show Exhibitors Association has formed an advocacy committee to push for the use of audits. [Yes, this is as ominous as it sounds. An audit, briefly, conducted by an outside organization such as BPA Worldwide, independently verifies the attendance figures claimed.] According to the article audits, which have been a mainstay in publishing for many years, are now being requested by a growing number of exhibitors.
Here are four thoughts, strategies and tactics you can – and should – be utilizing to leading up to an event help you ultimately, deliver a positive attendee and exhibitor experience:
Good luck!
John
To a point such feedback can be expected: you can’t please everybody. However, with exhibitors’ budgets coming under increased scrutiny, effective Event Marketing needs to focus on – and react to – not only quantity but quality of registrations in 2010. Gone are the days of getting X number of attendees in a room or a hall, patting ourselves on the back and saying “Well done!” Decision-makers in sponsorship circles are under increased pressure to prove and justify that their investment delivered the interaction, leads and conversions they planned for when signing onto the event. And that pressure, ultimately, falls on the shoulders of Event Marketers in the form of getting the right bodies there.
To help exhibitors justify spend, according to B2B Magazine, The Trade Show Exhibitors Association has formed an advocacy committee to push for the use of audits. [Yes, this is as ominous as it sounds. An audit, briefly, conducted by an outside organization such as BPA Worldwide, independently verifies the attendance figures claimed.] According to the article audits, which have been a mainstay in publishing for many years, are now being requested by a growing number of exhibitors.
Here are four thoughts, strategies and tactics you can – and should – be utilizing to leading up to an event help you ultimately, deliver a positive attendee and exhibitor experience:
- Event Marketers need to be engaged in the earliest phases of the planning cycle. You need to be on board in understanding and contributing to content formulation to ensure it aligns to the target market you are responsible for recruiting. Content is King: if you are seeking to attract VP-level attendees but content and sessions are addressing tactical topics … the VP you are targeting will see this and will send his subordinates. Game over.
- Best practice: Monitor. Make it a point to regularly review reports to ensure registrations are fitting the mold both in volume and demographics. Understand your registration patterns and continually analyze where registrations are coming from. If there is a list, internal segment, social media source or channel that is drawing too many or too few of the right/wrong attendee, be nimble enough to react.
- Work with your sponsors. As I wrote in an earlier post, this takes time and effort, but working with exhibitors – in coordination with your sales team – to engage them in reaching out to their contacts is important. There is certainly pushback and challenges around executing these efforts, including “why would I want my client on the show floor where my competitors are?” The message should be around your seamlessly working to invite their prospects - the message being “Wouldn’t you like that prospect that’s been in your pipeline for six months at the event?”
- Leverage Team Send. Develop an incentive: once you have a “good” contact registered, engage them in inviting others. Pending bandwidth, this is a great opportunity to roll out the “white glove” approach to people who have committed to your event. A phone call or personalized note is both a great CRM effort and works toward building ancillary attendance.
Good luck!
John
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