Marketing

Making the Scene at Trade Shows: Like other “meet markets” some are looking  for a connection at trade shows

tradeshowTrade shows are commonly understood as bazaars where exhibitors attempt to reach new customers by promoting their products or services via interactive displays and face-to-face conversation. These events are frequently huge and elaborate gatherings and every booth is striving for that “wow’” factor. With perhaps thousands of visitors, each of whom is a potential critic, participating in a trade show can be daunting for the inexperienced vendor. It may help to realize you’re probably already familiar with the basic mechanics.

You see, trade shows are the epitome of “meet markets.” Like the other variety, some people are looking to make a connection, some people are looking for a good time and some folks are just looking. As a seller, you’re obviously hoping to establish long-term business relationships. To that end, be sure to take along your confidence. Before they can believe you’ll be a good provider, prospects have to sense that you believe in yourself.

What’s great is that you have reason to be confident. You know the industry, you understand the issues that potential customers face, and you speak their language. But if you think about it, you’ll see that faith in yourself goes deeper than that. This is your career; the path of professional fulfillment that you’ve chosen because you have something worthwhile to offer.

Now that you feel good about yourself, let’s examine a few steps that can lead to taking new business home from a trade show.

Look your best – Your physical appearance will be a combination of your booth and the employees you’ve chosen to man it. The effect you want would best be described as “dapper” and approachable (e.g. neat, professional and visitor friendly). Demonstration items and collateral material should speak to the needs of your target audience. Elements should convey the tangible benefits of your products or services. Everything and everyone needs to be consistent with your established brand image and help reinforce your company’s value proposition.

Break the ice – Free promotional items are a trade show staple, the equivalent of “may I buy you a drink?” Little giveaways tell attendees that you’re interested in making their acquaintance, but don’t go crazy buying useless junk. If an item isn’t something you or your employees would appreciate, chances are that prospective customers won’t care for it either. Also when choosing an arsenal of freebies, see if you can meet an immediate need. For instance, if the site has a shortage of refreshments, you might consider offering bottled water with customized labeling. And don’t forget to offer your visitors a well-branded gift bag to carry whatever they get from you. They will find it handy, not only for your goodies, but things from other vendors as well. As they wander around, these people become walking ads for your booth.

Get beyond the small talk to show you have something in common – When selecting staff to represent your company at a trade show, you’ll look first to your most personable extroverts. That’s a good first step, however, your staff’s business knowledge is every bit as important to making a successful trade show appearance as a knack for hospitality. Once past the warm greeting and the friendly smiles, your representatives should be able to fully engage visitors about how your solutions will solve their problems. (By the way, it’s okay if someone says, “My current provider doesn’t understand me, but you do.”)

Beware the trade show lizard – As visitors to your booth size up your company, do the same to them based on pre-established qualifying criteria. Some people just like to talk. No disrespect, but don’t leave a good prospect unattended as you devote your time to someone who’s not your type. Have a plan for politely sending such people on their way to meet a better match … somewhere else.

Did you get the digits? – The purpose of trade shows is to meet a lot of people you would like to see again. That will be hard to do if you don’t know how to reach them. There are a couple of ways to do this. You can be straightforward, and ask them to provide their information. Or you can be more subtle and have them register for some kind of prize and secure their phone number or e-mail address that way. Regardless of how you attain a prospect’s contact information, be sure to follow-up within a couple of days of the event.

Not everyone you meet at a trade show is going to be Mr. or Ms. Right Prospect. But one thing is certain … you’re much more likely to find someone nice at a trade show than you will by sitting alone at “home.”

Contributing Author: Ginger Reichl Pinstripe Marketing

Your Best Customer is the One You’re Already With

lovetheoneYou’ve probably seen the commercial. A young man is having lunch at sidewalk café with his very pretty girlfriend. As she’s talking to him, two lovely young women walk by, distracting the fellow to the point of leering. The girlfriend texts him a message calling him a pig.

The TV spot is funny because … well men are pigs (some of them anyway, and some women too!). Of course, most of the people reading this article would never behave so atrociously. We would never fail to appreciate the wonderful person we’re already with. Or would we?

How much attention do you devote to your existing customers versus prospects? It’s very easy to become so focused on new business development that we ignore the great catch right in front of us.

No one likes to feel unappreciated, but rather than sending you a nasty text-message, that customer will more likely decide to finally take that sales call from one of your competitors. And where does that leave you but frantically “wining and dining” a new prospect to bring a new business relationship to the level of the one you just lost.

The good news is that your customers know you have other clients. Our business relationship vs. dating analogy only goes so far, and rational people understand this. Most estimates are that the marketing effort necessary to retain a customer is only about 20% of that needed to land a new account. Why not resolve to give your current customers at least that minimal amount of attention necessary to keep them satisfied and feeling “loved.”

Now you could assess your marketing budget and say one in five dollars needs to be devoted to existing clients, but it may be just as effective to look at the issue from the standpoint of hours rather than hard currency. Devotion doesn’t have to be measured in cash.

If you think it may be time to put the spark back in your existing relationships, here are a few tips presented as phrases that you’re probably familiar with. (And you’ll notice they aren’t costly at all.)

“How was your day?” Find out what’s new with your customers’ businesses, what changes they’re experiencing, and what trends they see. You may find an opportunity where you can help (or know someone who can – see below).

“You were on my mind.” Reach out to old clients you haven’t heard from in a while. It’s possible they’ve found someone new, but it’s more likely they just haven’t required your services. Ask them the same questions as those directly above to find out what is going on in their worlds. You’ll be surprised how often you hear, “I’ve been meaning to call you.”

“Let’s go out on the town.” For those of us in sales, we spend a lot of time at networking events. Ask your clients to join you and introduce them to the people you know. Networking isn’t always about what you can get, it’s also what you can give. Give the gift of new connections, and your clients will never forget it.

“This made me think of you.” Books, magazine articles, blog entries … there are likely dozens of things you read on a weekly basis that could be of interest to your clients. Pass them along.

“Have I told you lately …” We purchase a lot of goods and services in our daily lives — for work and for business. When was the last time you were thanked? A sincere ‘thank you’ or a handwritten note goes a long way.

As long as you are in business to make money it would be ridiculous to “stay true” to just one customer. Unfortunately, what’s expected is even tougher. You need to remain true to all of them. Love the one you’re with.

Contributing Author: Ginger Reichl

The Ripple Effect: Keeping Your Eyes on the Pond

soothing ripplesThe explosion of social media has permanently changed the way we look at marketing.  Rather than casting a net of advertising messages with the hopes of capturing a prospective client’s attention, marketing specialists are focusing on ways to influence buyers by influencing the climate in which buyers are making decisions.

Companies are no longer looking to simply brand themselves, they are looking to develop corporate personalities that potential customers can relate to and interact with. Large corporations are finding social media to be a platform with which to communicate their personal, relatable side while smaller companies are finding that social networking can expand their reach exponentially.

So, what are some ways to optimize this ripple effect?

Whether you are reviewing your overall marketing strategy, or simply developing and evaluating graphics for a tabletop display or banner stand, some questions to ask would be:

  • How does my overall marketing strategy fit into the current political and social climate?
  • Are my businesses’ displays, trade show booth design, and printed materials in line with the political and social preferences of my target demographic?
  • Who are the customers/companies that influence the buying decisions of my prospective client? Does my message and method target them as well?
  • Whose voices and opinions do my ideal customers trust and how do I get those voices to relay my message?
  • What are the specific concerns of my potential clients and who/where do they go to to look for solutions? Do my  methods reach this extended demographic?
  • Is this particular graphic/message persuasive enough to motivate the viewer to share it with others?

You invest a lot of time, money, and energy in your advertising “stones”.  It’s time to incorporate some ripple thinking and extend your marketing reach.  Remember, your ideal customer might be just a stone’s throw away.