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How to Rock a Trade Show: Part One of Three – Laying the Foundation for Success
Trade shows are an invaluable opportunity for businesses to expand their reach, generate leads, and build lasting relationships. Whether you’re a newcomer to the world of enterprise sales or a seasoned professional, it’s essential to make the most of your time at these events. In this first blog of a three-part series on “How to Rock a Trade Show,” we’ll dive into the critical stages of trade show preparation, from selecting the right event to planning and strategizing for success. By laying a strong foundation, you’ll be well on your way to maximizing your return on investment and turning trade shows into a powerful tool for your business.
Introduction
Whether you’re just starting out, or your company has been engaged in enterprise sales for years, trade shows represent one of your most important B2B & B2G business development opportunities. These events gather all the key players within an industry niche into one location for a predetermined period of time. For the cost of attendance and travel you get an opportunity to fill your sales pipeline quickly and efficiently. Enterprise sales has always come down to relationships, and relationships are much easier to build in person. Trade shows maximize travel investment by offering face-to-face interactions with multiple companies that may have head offices dispersed across cities around the world.
Benefits of attending a trade show
Networking opportunities
Attending a trade show enables you to connect with a wide variety of professionals from different industries and backgrounds, fostering new business relationships and partnerships that may not have been possible through conference calls. It allows you to gain valuable industry intel and market research, all while building long term relationships.
Facetime
Face to face interaction is very important in human relationships and therefore enterprise sales. Trade shows give you an opportunity to meet prospects, clients, and other professionals in person. Facetime leads to easier communication, understanding, and report building. Repeated facetime (seeing you repetitively at multiple shows) will build familiarity, this helps a prospect feel confident that you are here to stay and not just passing through. Quite often seeing you will tweak their memory that they owe you an email, or a followup call. Facetime also makes people think twice before selecting a competitor over you, because they know they’ll see you at the next show and have to explain their decision in person!
Fewer distractions
During a conference or video call, people are going from meeting to meeting. It’s hard or impossible to have side conversations or judge body language, even if you can get a coffee or a face to face with someone local, people are distracted by work, family, and other responsibilities. Time is precious and attention is spread thin. Conversely when people attend an out of town trade show, their main focus is to learn, sell, and build relationships. Trade Shows include multiple events that offer opportunities to learn about the human behind the prospect. Everyone is stuck in an unknown city for the doration, offering many more hours available for meetings at the lobby bar, and for coffee and dinner meetings at the surrounding restaurants. This is where actual relationships and deals are made. You might have fifteen meetings stacked at the show, but a year from now you’ll only remember the dinner and personal conversations!
Efficiency
During a trade show if a client or prospect hears something you say that might be of use to a colleague or friend, they can walk you over to another booth or another table, and make a warm introduction! You now have a face to face opportunity to build a new relationship with an ideal prospect. If that same information is learned over a zoom call, the prospect might say they will introduce you to their contact, then a week later you remind them if you remember, and even if you do get an introduction email or a call lined up: there is no face to face and potentially the prospect fades away.
Done right a trade show is one of the best tools for lead generation, filling an enterprise sales funnel with well qualified leads, and selling. Done poorly, a trade show can be a huge waste of time and money. So how do you make the most of this opportunity and investment? Let’s break the show into five stages: Selection, Planning, Lead-up, The Show, and Follow-up.
Stage 1 – Selection
The most important factor when selecting the right trade show is ensuring it aligns with your business goals, and targets your ideal customer profile. This means choosing a show that is highly relevant to your industry, caters to your target audience, and is attended by prospects who have a problem your solution can solve. By focusing on events that attract the right attendees, you’ll be able to maximize the potential for generating quality leads, building relationships, and ultimately increasing your sales.
By now, you should have a clear value proposition for your offering, an ideal customer profile (ICP), and buyer personas within that customer. If you don’t, you really need to go back and start there. You’ll need this information before you can choose the right trade show. Remember, we’re aiming to attend shows that will be filled with attendees who fit our ICP, because those are the people that we can help the most.
In some industries, it’s pretty straightforward to identify the top two or three trade shows. However, in others, particularly those with more niche ICPs, it’s crucial to select the best show for our specific solution — one that will be attended by the largest number of prospects who have a problem we can solve. To do this, we’ll need to conduct some research online to determine industry relevance, audience demographics, and event reputation. We can also survey our current clients. One strategy I use is to get my BDR’s to ask clients and ideal customer prospects “What trade shows does your team usually attend?” as a relationship building question during calls.
Once you’ve gathered this information and identified one or more promising trade shows, it’s time to start planning your participation. Keep in mind that selecting the right trade show is just the first step in a successful event strategy. Careful preparation, effective execution, and thoughtful follow-up will all contribute to your success at the show. But by choosing the right trade show—one that aligns with your ICP, has a strong reputation in your industry, and attracts the right audience—you’re setting yourself up for a fantastic opportunity to make meaningful connections, generate leads, and grow your business.
Conclusion
By understanding and applying the concepts outlined in this blog, you’ll be better equipped to make informed decisions about which trade shows to attend and how to maximize your chances of success. Stay tuned for our next blog in this series – Planning and Lead-Up, where we’ll discuss planning and lead-up strategies to ensure a seamless and productive trade show experience.
Read How to Rock a Trade Show: Part 2 of 3 Planning and Lead-Up
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About Me
Hi, I’m a founder-CEO with 20 years of experience growing companies, building relationships, imagining the future, and creating new things. I started my entrepreneurial journey in 2002 when I founded my first company, creating visual effects for Hollywood TV shows, where I won an Emmy for ‘Lost’ and received four nominations.
In 2010, I founded an aerospace and defense technology startup and led the company through unbridled naivety, survival, bootstrap, dogged resilience, and scaling. Over the years, I’ve had the opportunity to sit on numerous boards and round tables comprising diverse companies, communities, people, and points of view. I’ve successfully sold to Hollywood giants like SyFy, Fox, ABC, and Disney, to aerospace leaders such as Boeing, Lockheed, and Babcock, as well as the Canadian government, securing multi-year multi-million dollar contracts.
Now, my mission is to help fellow founder-CEOs by bringing proven strategies and customizable playbooks into their businesses. I coach them on building a solid team and executing their plans while focusing on what they love to do, ensuring their business thrives. My coaching expertise lies in strategy, business development, B2B & B2G, marketing, sales, and creative problem-solving. I’m here to help you get your business working for you, not the other way around!
Awards
1 Emmy, 4 Nominations, News Maker of the Year, Young Entrepreneur of the Year, Team of the Year, Tech Company of the Year, Top 5 Moments in Television History (Lost – Pilot), 4 Time Top 75 Defence Company
Achievements
TEDx Talk, FuckUp Night Talk, Host of Western Innovation Forum, Trade Show Panelist, and Speaker.
Boards
Victoria Innovation, Advanced Technology & Entrepreneurship Council (VIATEC) Western Canadian Defence Industry Association (WCDIA), The Alternative Board (TAB), Vancouver Island Aviation Association (VIAA)
Hobbies
Painting, Running, Sailing, Hiking, Camping, Traveling, Reading, Cooking.
Great Books
Scaling Up, Unfuck Yourself, Good to Great, Everything is Fucked, The Untethered Soul. How to Sell an Elephant