Author name: Mollie Ring

Exhibitor Tips, Uncategorized

A Trade Show Strategy Plan for Outside the Booth

When devising a trade show strategy plan, there’s good reason to focus on your booth. After all, it’s your marketing home base, and your best opportunity to attract prospects with an offer that speaks directly to their needs and desires. But sometimes it’s important to venture off the island and explore everything else the trade show event has to offer. A well-designed trade show strategy plan leverages every available opportunity to connect with prospects in and outside the booth. For the best advice on how to take advantage of every ounce of a trade show event—including those trips to the restroom—we consulted with our very own Strategic Partnership and Trade Show Ninja, Kelly Kenney. When devising a trade show strategy plan for meeting prospects outside the booth, Kelly does her pre-event homework by reviewing all the content tracks that are being offered and identifying specific workshops she believes will attract her target prospect. “I look at them as much for the content as who is going to be in the audience. In my mind, it’s who’s going to be in the audience that’s much more important and it’s the content that drives who will attend.” Kelly does an evaluation and determines which workshops she believes her prospects will attend, where her competitors might be, and which of her partners are presenting. All this goes into her trade show strategy plan for the event. “If it’s a really good topic, I keep two or three questions in my pocket. Not because I’m dying to know the answer but because I’m dying to stand up and ask a great question that will a) get me seen b) get me the content I’m looking for, and c) be useful for a conversation later on.” Wherever she is at a workshop or content event, Kelly’s eyes are always on the crowd. She scans the room and makes special note of who is in attendance. In her experience, there’s huge value in being able to connect with someone later on by saying: “Hey, what did you think of that session?” The ability to connect over a shared experience has the power to immediately move a conversation away from icebreaker topics and right into building a meaningful connection. Kelly doesn’t limit herself to the audience; she looks at speakers, panelists, and moderators as well. For those of particular interest, she sends them a LinkedIn message before the show letting them know she’s interested in their topic, plans on attending their event, and requests a meeting to follow. Kelly also doesn’t limit her prospect search to workshops and she’s not afraid to admit that the restroom is sometimes the best place to have a really good conversation. “Because most events are male-dominated, it’s a chance for women to relax. You’d be amazed by the great conversations you can have in the restroom.” Outside of the restroom, Kelly looks to connect with anyone, anywhere whose wearing a badge. She calls it the lottery system of networking because these are not necessarily people she’s targeted as potential prospects. Rather, these conversations may ultimately be helpful in the future. “You don’t know who they know or what you’ll glean from these conversations but it’s always interesting to learn about their industry experience. It’s the random gifts that you receive from being alert and engaged at a show.” Click here for more advice from Kelly on the value of keeping open and staying focused on the trade show floor. We interviewed Kelly on October 23rd as part of a series we’re offering at MEET: Coffee and Conversation. Inform your trade show strategy plan with more expert advice from Kelly Kenney, Strategy Partnership and Trade Show Ninja by tuning into our full interview here. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821.

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Inform your Trade Show Strategy Plan with Competitive Intelligence

We’re thrilled to share first-hand tips on how to inform your trade show strategy plan with competitive intelligence from our very own Strategic Partnership and Trade Show Ninja, Kelly Kenney. After 20+ years of trade show participation experience, Kelly’s an expert at figuring out what her clients need to know about their competitors and how to gather that information—without them even knowing she was there! We call that Ninja style. Approaches to gathering competitive intelligence should vary The competitive intelligence component to a trade show strategy plan should vary depending on the event and industry. In industries where competitors are head-to-head, exhibitors tend to keep information close to the vest. In less competitive markets, there’s room for cooperation—or as Kelly calls it, a “we’re all in this together” approach. Kelly approaches less competitive markets from the perspective that “we’re all trying to help solve a particular problem in the marketplace.” She’s open about that, and asks exhibitors straightforward questions like, “how’s the show working for you?” to break the ice. “It’s a nuance thing, but if you can get them talking and listen really hard, you pick up good stuff.” When the competition is more head-to-head, Kelly takes a step back to closely observe the booth offer and how the competitor positions themselves on the trade show floor through messaging. Once she’s honed in on their trade show strategy plan, she looks for entry points around how they differentiate themselves in the market. “Sometimes there’s an offshoot component of what they do which allows me to go to them and say—I didn’t know you do that, can you tell me more about it?” Openers like these can serve as a bridge to more illustrative questions such as: How’s the show going for you? Or, who are you meeting? The goal is to find ways to ease into the type of questions that deliver competitive intelligence. The value of a great open-ended question Kelly’s goal is to get her targets to talk. “Have you met anyone great?” “Did you see this content piece?” are great open-ended questions. Specifically around content, Kelly’s done her homework before the show and already knows what she and her competitors will find interesting. “Asking them if they’ve seen a piece of content is a really useful way to get them to share their interests and what they’re following at the event. If you can get them to talk about what makes this a great show for them, they’ll often tell you a lot!” And don’t be nervous. Kelly says that unless they’re a really astute exhibitor, they won’t know what they’re giving up or why. “I’m always amazed by how little they ask in return. They almost never say—hey, why do you ask?” When approaching a direct competitor’s booth, who do you target? Kelly has her eye on anyone in upper management or the sales team. In a really large booth, she also targets key marketing people to understand why they’re there and what their message is. Pro Tip: Within five minutes of completing a competitive intelligence mission, Kelly finds a quiet place off the floor to copy down everything she’s learned, even if it seems off base, as an input to her trade show consultation strategy. “I don’t know when I’ll need that data point but it may be in the post show follow-up.” How to open and close a competitive intelligence conversation Kelly starts each conversation by responding in some way to the booth’s message. When she’s not 100% sure what that message is, she’ll ask: “hey, that’s really interesting to me, what’s your message with that?” Closing a conversation can be hard, especially for Kelly. Humor can be an easy way to disengage, especially when the conversation has gone too technical. That’s when Kelly says: “Wow, that’s way over my head, I have no idea what you’re talking about.” “I try to get them to send me away by saying: maybe there’s someone I can send your way who is really interested in this.” We interviewed Kelly on October 23rd as part of a series we’re offering at MEET: Coffee and Conversation. Inform your trade show strategy plan with more expert advice from Kelly Kenney, Strategy Partnership and Trade Show Ninja by tuning into our full interview here. About 
MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821

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Kelly Kenney on Keeping Open and Staying Focused on the Trade Show Floor

We’re thrilled to share Part 2 of our discussion with Kelly Kenney, Strategic Partnership and Trade Show Ninja at MEET. Our conversation with Kelly was live-streamed on October 23rd as part of a series we’re offering at MEET: Coffee and Conversation. Join us periodically as we chat live with experts and veterans in trade show, event, and complementary industries to hear their wisdom on common challenges and simple solutions for success. You can check out Part 1 of our recap here, or feel free to catch the full interview with a fresh cup of coffee here. We continued our conversation with Kelly by asking about how she approaches booths she’s identified as potential customers, recognizing that booths on the trade show floor come in varying sizes. How do you know whom to target when you approach a booth? “It’s a roll of the dice a lot of times,” Kelly replied. However, here are a few tips. “If it’s a bigger booth, typically the further you can get to the center in the better. The perimeter staff members are typically the ones learning how to work a trade show. It’s deeper into a booth where you’ll find more senior people. That’s who you want to get some quality time with.” She followed by explaining that sometimes it’s possible to leverage those on the outside of the booth to get an introduction to those on the inside. This is particularly useful if you’re not able to identify the right person out of the gate. In Part 1 of our interview with Kelly, she provided some useful tips for engaging in first-time conversations with potential customers. We followed up by asking how her trade show floor tactics change when approaching at potential B2B partner. With potential partners, how does your approach differ? Like everyone at MEET, Kelly devotes a lot of time to pre-show preparation. That means that by the time she is ready to approach a potential partner, she’s asking questions to confirm or deny what she already knows based on her research. “It’s more like an interview. I’m looking to learn more about how they differentiate themselves, who they currently work with, who their key clients are, and what kind of problems they solve. Those four basic elements.” “I need to confirm those four elements so that when I go to the next show I can compare them equally. Because if I talk to a potential partner and walk away noting “wow, that’s really cool” but haven’t categorized this information, it’s very hard to compare one partner to another across different shows.” In summarizing her approach to scoping out potential customers and partners on the trade show floor, Kelly emphasized the importance of remaining open to new information. “You have to have an open radar when you walk the trade show floor. Even when you’ve done a ton of research, you need to be open to the fact that once you get talking to people you might find that sudden “Ding! Here’s an unexpected opportunity!” moment. Kelly shared that while she hates to completely bypass a booth, at some shows you just have to. While remaining focused on your learning objectives is critical, remaining open to new knowledge and insights and meeting new people is also an important component of any trade show strategy plan. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821.

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Walking the Trade Show Floor, How to Get Value When You Can’t Exhibit Part 1

In late July, our team at MEET launched an exciting series: Coffee and Conversation, periodic live-stream interviews with experts and veterans in the trade show, event, and customer acquisition industries. Our goal with these conversations is to share the wisdom that comes from work on the ground and to identify common challenges and simple solutions. On October 23rd we spoke with Kelly Kenney, Strategic Partnerships and Trade Show Ninja at MEET on the topic: Walking the Trade Show Floor, How to Get Value When You Can’t Exhibit. Our goal was to explore how B2B companies can approach and leverage events as part their trade show strategy plan beyond exhibiting. Our first question for Kelly was to unpack her role and title at MEET. What does it mean to be a ninja on the trade show floor? Kelly’s responsibilities vary from devising client strategy, managing the market and event research team, and working with clients on matching their buyer personas with specific trade show opportunities. When she hits the trade show floor, that’s when she flexes her ninja skills. “First, being a ninja means having an innate love of trade shows. It means being excited and truly curious about meeting people and figuring out who they are, why they’re there, and how we can work together or make connections for each other.” How do you find your own trade show ninja? We’ve found that among the best interview questions you can ask a potential hire is what seat they might choose if boarding a Southwest Airlines flight. A true ninja will pass an empty row just to snag that middle seat between two strangers because they want to meet and learn from new people.  That’s Kelly Kenney. At MEET, we believe that 90% of the race is won before it begins, meaning that the vast majority of value you can derive from a trade show event is the result of good preparation. What are some of the things you do to prepare for an event? Kelly started by saying it’s important to know precisely why this particular show offers the best opportunity to meet your target prospect. That means knowing who is going to be there and precisely who you’re looking to meet. “If you don’t know what you’re looking for it’s really hard to find it.” All this requires research, carefully exploring the content, looking at the list of exhibitors one by one, and categorizing them by prospect, competitor and partner. “If you don’t have those lined up and prioritized, you can’t effectively walk a trade show floor. When I get there I’ve mapped out where I want to go and I have a list of who I’m there to meet.” In dividing the trade show floor into a series of categories: prospects, potential customers, partners, and competitors that correctly implies that each requires a different approach. What is your objective and strategy approaching a potential customer’s booth? “I try to engage and get them talking about why they selected this show and what, if executed really well, makes this a successful event for them. For me, it’s about getting them to talk about what they’re doing and why they’re doing it. Hopefully, at some point, they turn around and say why do you ask?” Kelly also strives to build rapport with potential customers. Coming off too aggressively with rapid-fire questions may make them suspicious. Rather, balance the conversation with some sharing about why you’re there and what you’re trying to accomplish. “I probably over-share and say things that a lot of people wouldn’t say, but I find it gives them the sense that you’re there for a conversation and not just fact-finding. It also allows them to get a sense of who they’re talking to so they know how to position themselves. I try to stay away from chatty stuff like—gosh are your feet sore? That becomes wasted time. I am really focused on getting them to talk, revealing a little bit and sharing.” Stay tuned for Part 2 of our interview with Kelly Kenney to learn more about her trade show floor ninja tactics. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821

Exhibitor Tips, Uncategorized

Differentiate your Trade Show Strategy Plan through Follow-up

When devising a trade show strategy plan, your primary goal is to maximize ROI. This requires carefully crafting buyer personas, value propositions, and booth offers that, based on extensive research and testing, deliver a consistent flow of high-quality prospects into your sales pipeline. But let’s assume that you’re not the only exhibitor out there who has done her homework. What differentiates one trade show strategy plan from the next? The answer is to follow-up effectively. Good follow-up starts with the right staffing If you’ve tuned into our webinar: 5 Reasons Why Your Salespeople Should Never Be in Your Booth and What to Do About It!, you’ve heard our argument for why salespeople do not belong in your exhibition booth. Fundamentally, we believe there is a higher, better use of their time at in-person events. We find that salespeople are often the biggest anti-sponsors of trade shows because, in most scenarios, they are forced to engage all day and sometimes all week with people who are not prospects. Not to mention they’re performing a job that is better suited for transaction professionals who have a compelling offer for the target buyer persona. Upon returning to the office with a stack of business cards, salespeople quickly realize they’ve wasted their time. These individuals are simply not interested in what they have to sell. Similar to panning for gold, the goal of the booth is to separate your prospects from the other attendees. An effective trade show consultation strategy puts the right staff in place to quickly and effectively reap as much value as possible from each event. Don’t bite off more than you can chew We often say that the prospects you get from a trade show spoil like fruit. Even the most perfect apple will turn mealy if not consumed in time. Many sales teams arrive back to the office after a trade show with hundreds if not thousands of business cards. Irrespective of the fact that the majority of these contacts may not be prospects, most of the time, it is only possible to effectively follow up with the first few hundred. Putting the work into your trade show strategy plan to bring home only the number of leads you can feasibly follow up within the first few days after an event will not only make your salespeople happier, it will deliver better results. Differentiate yourself through effective, persistent follow-up An effective follow-up strategy will differentiate your trade show strategy plan. That’s because 80% of sales require 5 follow-up calls after the meeting. 44% of sales reps give up after 1 follow-up. Not necessarily because they’re lazy, but because they’re too bogged down with stacks of business cards to know who is actually qualified. Additionally, research shows that 2% of sales are made on the first contact and approximately 80% are made on the 5th – 12th contact.  In essence, following up at all, and ideally following up more than once, will differentiate your trade show strategy plan from the crowd and deliver better ROI time and time again. Starting with a trade show consultation strategy that helps you define success based on your capacity for follow-up may be the first step. MEET can help. ABOUT MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821

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The power of a well-aligned trade show strategy plan

In our recent post, we talked about the importance of goal setting and testing when preparing a trade show strategy plan for U.S. expansion. In essence, carefully crafted buyer personas based on frequently tested hypotheses allow you to build vital knowledge about how to scale your company. But how do you bring this knowledge to life in all aspects of your trade show strategy plan? The answer: alignment. Aligning your communications and marketing materials—essentially anything that is prospect facing—to your buyer persona, will ensure your trade consultation strategy is not only effective but highly responsive to new information. In our experience, companies that have difficulty identifying their buyer personas have an even more difficult time verifying that their marketing materials, booth training protocols, and verbal communications strategy are effectively targeting the right customers.  Furthermore, they don’t know how to adapt when new information about their customers becomes available. 4 steps to aligning your trade show strategy plan Once you have your buyer persona: Identify local events and associations that appeal to your target persona and become an active participant.  You’ll find within almost every industry and discipline a wide array of trade associations and organizations facilitating monthly meetings for you to attend at very little cost. Ensure that all your marketing materials (your offer, call to action, and value proposition) speak directly to the urgent needs of your target buyer persona. (Check out our post: Your Trade Show Business Strategy Starts with a Need for more on this) Develop lead nurturing resources that are of unique interest to them. Things like webinars, assessments or white papers that you can promote through a well-crafted, succinct offer will draw your buyer persona from heightened awareness, to trust, to conversion. Devote resources to a robust follow-up plan. A well-aligned offer will help to moderate the flow of qualified prospects and ensure that a well-resourced follow-up strategy is cost-effective. The importance of a localized communication strategy The U.S. market is large and diverse. In this context, it is not enough for your communications and marketing materials to be buyer persona focused at a national level. A U.S. trade show consultation strategy must take into account local, regional, and industry-specific differences and reflect this awareness through written, verbal and non-verbal (how one presents) communications. For those operating from abroad, this may require staffing events with a U.S.-based team or those highly familiar with U.S. customs and regional accents/language differences. A well-aligned trade show strategy plan has the ability to drill down to this level. Companies that are able to clearly identify their ideal customers and how to reach them are well above the fray. Translating this knowledge into an actionable trade show strategy plan is what truly distinguishes them from the rest. Alignment is the critical first step. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821.

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Goal Setting Your U.S. Trade Show Strategy Plan

When we think of a trade show strategy plan, the words of Zig Ziglar often come to mind: “a goal properly set is halfway reached.” At MEET, we believe that setting clear goals around how to identify and reach target customers is half the battle to successfully growing your company. For companies looking to expand to the U.S. market, trade shows represent a vital opportunity to get face-to-face with target customers, test value propositions and offers. A good U.S. trade show consultation strategy can help to set market entry goals, minimize risk and maximize the opportunity and potential for reward. Goal Setting Step 1: Know Your Target Every trade show strategy plan should be focused on a target customer, or what we refer to at MEET as a buyer persona. Buyer personas are fictional representations of your ideal customers—their wants, needs, and profile. You may identify two or three buyer personas by product or service, and that’s fine. Buyer personas are developed based on your existing knowledge, research, and conversations with customers, partners, and mentors. They represent a hypothesis based on the market you’re in for the purposes of entering a new market and therefore need to be tested. The first goal to set within your trade show strategy plan is to identify the two to three buyer personas that you are aiming to meet. Prior to exhibiting in any particular marketplace, it’s important to prioritize these buyer personas based on who is most likely to attend a given event. Goal Setting Step 2: Bet Small and Frequently At MEET, we’ve noticed a tendency for companies looking to expand to the U.S. market to place all their chips on one big event. While there’s certainly a place for big events in a trade show consultation strategy, we don’t recommend them as a starting place. Here’s why. In the first 6-12 months of a market expansion, your goal should to maximize exposure (i.e. take advantage of as many opportunities as possible to meet customers and partners) and test your hypotheses, all while minimizing your costs. Identifying small, frequent event opportunities within a 100-mile (160 km) radius of your new hub are ideal, and you’ll find within almost every industry and discipline a wide array of trade associations and organizations facilitating a monthly meeting for you to attend at very little cost. Focusing your goals around building strong intimacy with key groups in your new geographic area will rapidly increase your knowledge and your network while decreasing your risk of investing in events that do not deliver quality prospects. Small events allow you to iterate and evolve quickly, setting you up for success at national and global events in year two. Setting the goal in your trade show strategy plan to attend one to three event each month delivers results without breaking the bank. (Check out our webinar: SCALE NOW: Entering the U.S. Market through Trade Shows and In-Person Events for more high leverage strategies for success.) The value of a good trade show strategy plan for any company cannot be oversold.  Setting clear goals and investing resources in preparation minimizes both risk and waste, which in a new market is at least half the battle. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821.

Exhibitor Tips, Uncategorized

6 Common Challenges to Developing a U.S. Trade Show Strategy Plan

Developing a trade show strategy plan for any company is complicated. For those looking to enter the U.S. market, it’s even more complicated. Through developing a tailored trade show consultation strategy for each client, MEET supports companies looking to expand to the U.S. every step of the way. Here are six common challenges we’ve identified in the process. While some are transcendent to any new market or in-person event, others are unique to the dynamics of the U.S. given its regional diversity and capacity to signify large-scale growth. Challenge #1: Cannot identify an ideal customer. Similar to a business plan, every trade show strategy plan starts with a need experienced by an ideal customer. Absent the ability to identify a precise target prior to each event, it is extremely difficult to attract truly viable prospects. (Here’s how we define viable.) Challenge #2: Place too much focus on one large event Perhaps it’s the relative scale of the U.S. market, perhaps it’s the media, but companies looking to expand to the U.S. have a tendency to focus their trade show strategy plan too heavily on one massive event. Events of this scale are not only expensive, but they are also high risk. Challenge #3: Poor alignment Harking back to Challenge #1, absent the ability to identify an ideal customer, it is difficult to ensure that one’s offer, call to action, and value proposition are aligned with the target buyer persona. Knowing which events to select in the first place is similarly difficult without a well-aligned strategy. Challenge #4: Communication isn’t localized The U.S. market is large and diverse. A trade show strategy plan must be empathic towards local, regional, and industry-specific differences and reflect this awareness through written, verbal and non-verbal (how one presents) communications. Challenge #5: Having salespeople in the booth Staffing is a common challenge for trade show exhibitors—specifically the practice of putting salespeople in the booth to engage with prospects. Salespeople are not those best suited to work in the booth, at least not as their primary function during the event. Alternatively, we recommend transaction professionals. (Check out our post on how to devise an efficient and effective staffing strategy here) Challenge #6: Ineffective follow-up Trade show follow-up should not feel as insecure as dating. In other words, don’t sit around and wait for the phone to ring. Employing the right staffing strategy along with a well aligned, lead-nurturing offer will help to moderate the flow of prospects. With 900 species of freshwater fish in North America alone, a good fisherman must decide first which species and sub-species of fish he wants to catch, choose the specific body of water where the target species is plentiful, and chose the unique bait which is most likely to attract the target species in that body of water. With this information, he may choose to test several fishing holes and baits to determine which produces the best results. Taking a tip from a good fisherman, testing different geographic areas of the U.S. market before establishing a U.S. presence may be the most cost-effective first step. Narrowing your scope to five potential geographies and testing them for the best response will provide a lot of useful information. A carefully crafted trade show consultation strategy for U.S. expansion should begin with clearly identified target customers for each trade show opportunity. Selecting the right event, the right offer, and securing appropriate staff comes next. We can help get you started. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821

Exhibitor Tips, Uncategorized

The Risks and Rewards of USA Exhibition Planning

For many foreign B2B growth companies, USA exhibition planning is a daunting task. Much like that first jump into a swimming pool, the risks are real but so are the rewards. You know the water’s cold, and that you’ll have to work to get to the other side. You’re also aware of how refreshing the water will feel once you’re in. You do your calculation and take the plunge.  Now it’s time to swim. In our webinar: Scale Now, Entering the U.S. Market for Trade Shows and In-Person Events, we explore the dynamics of entering into the U.S. market and how effective USA exhibition planning must take into account the common pitfalls and leverage points of face-to-face marketing. Unique to foreign companies, however, are the unknowns of the U.S. market. Imagine you’re used to swimming in hot tubs and are now faced with an Olympic-sized pool filled with other swimmers. How do you navigate these unknown waters? 3 Risks of USA Exhibition Planning The risks of planning an expansion into the U.S. market are real. Here are three risks we see as the most common: Diluted management focus—The amount of time and attention it takes to carefully plan for U.S. market expansion means that your management team may have less time and attention for existing operations. Diverted resources—Any spare resources that you have available from successful markets will be diverted to this new, promising market, putting the stability of these successful markets at risk. Reputational risks—Expansion efforts that do not succeed can potentially put at risk market, investor, partner, and even team relationships. Many Potential Rewards The most obvious rewards of successfully expanding your company into the U.S. are the revenue and profit opportunities that come with entering a market of massive scale.  Others include enhanced credibility and the required systems that serve as a proving ground and can be used to launch expansions into other foreign markets. Time is a unique factor that inherently impacts both the risks and rewards associated with U.S. expansion. There is limited sand in the hourglass, particularly for your investors if you are venture capital backed, and certainly for your staff, who may have limited bandwidth for the additional workload. How much time you have available to gain traction may depend on the amount of time your staff and investors are willing to devote and stay committed. There’s a need to succeed, but there’s also a need to succeed relatively quickly to keep your resources intact. Why Start with Trade Shows? In light of the inherent risks and rewards that come with expanding into the U.S. market, exhibiting through trade shows is the most productive place to start for B2B companies. That’s because most B2B marketing dollars are spent with the hope of someday getting face-to-face with a target prospect. Trade shows deliver the most efficient way to this objective. Despite their inherent challenges, such as prospects not being labeled and their need to self-identify, the opportunity to interact directly with prospects cannot be matched by other marketing tactics. The U.S. is a huge market with complex dynamics. The upside is that there are an abundance of trade shows and events to choose from. USA exhibition planning must be considered carefully, based on risk/reward calculations. Fortunately poolside help is out there. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821.

Exhibitor Tips, Uncategorized

Using A/B Testing to Inform Your Trade Show Strategy Plan

Most web-based marketing strategies these days rely on some degree of A/B testing. A trade show strategy plan should be no different. As your best opportunity to get in front of high volumes of quality prospects, trade shows are a perfect opportunity to use A/B testing to inform which of your booth offers are most effective. Here’s how. What is A/B Testing? Also known as split-run testing, A/B testing is a simple way to test a hypothesis. In marketing and sales, this translates to testing the performance of a particular strategy. Whether you’re aiming to test the visual impact of a campaign or determine the most effective communications strategy, this form of rapid testing through small adjustments is used to answer simple questions like: “What makes people click?” How to Determine Which Offers to Test Assume you approach every show targeting two specific buyer personas. (See our post: Personalizing Your Trade Show Business Strategy for how to assemble a buyer persona.) The next step is determining an offer that will speak directly to your personas’ greatest, most pressing challenge. The type of challenge that, when confronted with your solution, causes them to immediately stop in their tracks. Rather than a chance to win an iPad, (one of the most common and harmful mistakes a trade show strategy plan can make) try what we refer to as next level lead nurturing assets. Whether it’s marketing newsletters, webinars or white papers, client assessments, informational videos, or facilitated discussion groups, these are your best marketing assets that you can promote in the form of an offer. (See our post: Your Trade Show Business Strategy Starts with a Need for more on developing the right offer.) How to Use A/B Testing to Test Your Hypothesis Now that you have determined your offers, it’s time to test whether your hypothesis was correct. In other words, will these offers cause your ideal customers to self-identify as prospects and self-enroll in your sales process. Before you even begin testing, increase your likelihood of getting good data. In our recent post on 5 Steps to Achieving Your Best Trade Show Selection Process, we talked about the value of local and regional events, particularly for early-stage companies. Local and regional events typically occur more often and are more intimate than national or global events that take place annually. This provides an excellent opportunity for testing of different targets, value propositions, and offer hypotheses at every interaction. A/B testing allows you to test your hypotheses by rotating between offers throughout an event to help you determine which is more effective. Try testing one offer in the morning aimed at one buyer persona, and another in the afternoon aimed at a different buyer persona. Or you can test the attractiveness of different offers for the same target. Just as fishermen try out different lures depending on where they are fishing, there’s much to be learned about trade show waters by engaging in simple A/B testing with your prospects. How to Inform Your Trade Show Strategy Plan Congratulations! You’ve determined which offers are most effective for attracting your ideal customers. What about the rest of your trade show strategy plan? Use these findings to inform your entire marketing and communications strategy, including how you present your offer and your value proposition.  The most important thing is that you remain buyer persona-centered. Like an effective billboard, keep your communications bold, simple, and provocative. And keep them data-tested and validated. About MEET (meetroi.com) helps B2B growth companies and pavilion hosts effectively leverage at trade shows and in-person events. MEET’s processes help its clients ramp-up sales quickly and maintain a steady stream of high-quality prospects going forward. Contact Bill Kenney at MEET today for a free trade show participation assessment bill@meetroi.com or +1 (860) 573-4821.

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