Trade Show Sponge
What’s happening with trade shows? Well, at least the trade shows I go to. There are tons of trade shows I’ve never heard of. In fact, I never fail to be amazed at the number of trade shows that exist. My favorite is the Consumer Electronics Association trade show for exhibiting at the Consumer Electronics Show. A Trade Show trade show. Funny.
I’ve always thought there were two routes to go with exhibiting at trade shows. Go to the big ones, like CES, the Housewares show or the Hardware Show. Or go to the smaller ones like all of the Gift shows, Retail Vision, or furniture shows. If you go to the big ones, you get as big of a space you can afford, and you do it once or twice a year. Hopefully, all of the customers stop by your booth. If you go the small show route, you do 30 little shows all over the country with a smaller, but strong and consistent message. It’s exhausting, but it’s regional.
It turns out there is a third way, and I see it becoming more of a trend. And here’s where I go into a little side bar.
Attending trade shows, especially the big ones, is not cheap. First of all, there is the cost of the floor space, which runs from between $10-$50 per square foot. This is just to buy your space on the trade show floor. Then there’s the booth structure itself, shipping, travel, lodging, time out of the office, someone to plan the whole thing. And there’s drayage. This is the cost you incur for the union labor guys to bring your booth structure crates from the shipping dock to your space, to store your empty crates and to take your crates back to the shipping dock after the show. This is a big cost, typically more than the cost of shipping your booth across the country. Trade shows are big business, and there are a lot of high costs associated with participating in the official events.
Here’s where I get to the up-and-coming third way to participate in trade shows. I’ll call it the “Sponge”. You sponge off of the trade show. You take advantage of the trade shows efforts to get your customers, vendor and competitors all in one town at the same time in the same building. You, on the other hand, book a hotel suite (sweet) and set-up your own traveling showroom. Your customers are already going to be there. You have their telephone number. Give them a call. Buy them dinner, or lunch, or breakfast, or drinks. Take advantage of their off-show hours.
There are lots of advantages to this:
* No extra trade show costs associated with the show organizers, unions and over-priced concessions
* No costs to build a booth, you need only bring product, displays and sales material
* Fewer employees are needed at the event
* You get the undivided attention of your customers during meetings
* $50 a square foot can get a pretty frickin’ nice hotel suite (sweet)
But there are down sides:
* You are only going to get meetings with people you already know
* The accidental discovery that you see on the trade show floor won’t happen
* There is an energy to the trade show that might not carry over to your mini-show
* When you don’t exhibit at a big trade show, you lose your priority points, which could come back and bite you if you decide to go back to the show
But, if you’re thinking of going to a new show, the Sponge option might be a good way to do it. As long as you can get into contact with the right potential customers (that’s what regional sales reps or for) and you pick a hotel and transportation close to entertainment and the convention center. You don’t want to be shuttling customers an hour out the city, or get them stuck in traffic during rush hour.
But whichever route you choose: Make Sure the Whole Thing Represents Your Brand!
Labels: marketing