The biggest problem that companies encounter when deciding whether or not to participate in a trade show is the high price tag. Exhibiting at a trade show takes time and money to prepare the exhibit, train staff, and then transporting the exhibit and staff to the location. However, don't let this scare you away. Exhibiting at a trade show is much more valuable that the hassle it seems to be. Not only will you create an opportunity to close deals and meet new prospective leads, but it can also be a valuable learning experience for your company.
Whether you are a start up or a well established business, here are four reasons to take the dive and exhibit at a trade show:1. Meet New Customers and Generate Leads
The thing many companies need to remember when deciding whether or not to participate in a trade show is that, for the most part, you are going to be interacting directly with your target audience. Getting people interested in your product or what you have to offer won't require pulling any teeth, everyone who is attending wants to be there! Executives who attend trade shows know what they're getting into and want to learn about the new innovations in the industry that you're servicing. With this pressure off, you can meet an abundance of potential customers from across the country, or even the globe, that you struggled to find before. The direct contact that trade shows provide allows you to close deals faster and easier as well as gauge the interest of potential leads.2. Networking
Reaching new customers in your target audience is important, but so is meeting and creating relationships with potential partners in business. At trade shows, you're able to make direct contact with new businesses with whom a relationship could be beneficial to both parties for future endeavors. Trade shows create a solidarity within the industry and the other players appreciate when more businesses show up to help promote the industry and all it has to offer. Without the easy accessibility that trade shows offer, creating these sorts of relationships can be awkward and even unfriendly at times. This way, there is no pressure to impress or prove your worth, just by being there you show potential partners that you are serious about your commitment to the industry.
3. Industry Research
Creating relationships with potential business partners is a great perk of trade shows, but it also provides the opportunity to research your competition in a non-threatening manner. You can visit your competitor's booth and discover the new things they're offering compared to your current product base. Learn what's working for your competitors, and more importantly, what isn't. You can use this information to better appeal to customers and other potential leads.
Trade shows also offer the opportunity to learn about new developments in your industry. Being on top of trends and implementing new technologies allows your company to appeal more to customers as well as increase the credibility of your brand.4. Establish Brand and Increase Brand Awareness
Speaking of brands, one of the biggest payoffs of participating in trade shows is the increased brand awareness with new customers, existing customers, and within the general industry. Trade shows allow you to optimize your brand experience and experiment with new developments and marketing strategies. At a trade show, a new company can introduce and establish themselves as an innovator in the industry through their branding. A well established company can use a trade show to experiment with different brand messaging as well as potential rebranding ideas.
In the end, no matter the size of a company or the industry you're in, trade shows can be revolutionary to your marketing ROI and brand development. They allow you to create relationships in an exciting environment that facilities friendship and innovation, keep up with what's going on in your industry, and establish yourself as a serious player in the game. Using analytics technologies, you can also experiment and measure new marketing strategies and find out what's appealing to your target audience without breaking the bank. Exhibiting at trade shows are a necessary and valuable component to succeeding in any industry.
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With over 40 million impressions to date, Scanalytics has deployed SoleSensors across the United States, Canada, Mexico, Europe and Southeast Asia. Learn more at: www.scanalyticsinc.com.