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Eight ways to leverage your company’s trade show participation

Leverage your company's participation in trade showsIf your company exhibited at ten trade shows ten years ago, perhaps you exhibit at five or six now. If you occupied half a city block with your new products and displays at the dawn of the new millennium, you may be getting by with less space. Or maybe your company has continued full steam ahead – with the caveat that results will be monitored very closely. Trade shows today can provide great opportunities. But they are expensive and so each one in which your company participates is no doubt expected to Produce with a capital P, whether the ROI is measured in actual sales generated at or after the show, new prospects gained, new alliances initiated, or great visibility garnered.

For future shows, you may benefit by going well beyond exhibiting and running a couple of ads.

Here are eight ways to make more of your trade show efforts:

1. Plan ahead to talk to a key audience. Up to a year or more before an important show, secure a speaking engagement for one of your key people. Talk about industry trends or innovations. Position your company and your speaker as thought leaders.

2. Get press before the show. Start several months ahead to assure that your company’s name and news are in the publications attendees will read before and at the show.

3. Generate more press while you are at the show. Make boothside appointments with editors and writers from key trade publications and blogs. Be prepared to give them a story worth telling.

4. Introducing a new product or service? Go a step further with the media: hold a press conference.

5. Get off the trade show floor to do some serious business. How often do you have this many distributors, customers and key prospects in one place? Organize an event: whether it’s a roundtable meeting for select advisors and customers to get input or plan next ventures, a breakfast or dinner to generate excitement about the year ahead or a cocktail hour to connect, a trade show is an excellent opportunity to enhance relationships.

6. Use social media intelligently. Twitter, Facebook and your corporate blog are good venues with which to let your constituencies know why they should interact with you at this show. Read Skyline’s good post on this topic for specific tips.

7. Go beyond selling. Show your customers, prospects, distributors, and other audiences that you are a partner and a resource for them. Introduce new training programs, partnering opportunities, Web applications, and more at the show. Showcase new interactive tools on giant screens at your exhibit – seeing is still believing.

8. Don’t file your hard work away. Don’t put your new leads, contacts and intelligence aside in the post-show scramble. It’s all too common to see gains lost when staff gets back to the office and gets busy. Make and adhere to a plan to close sales, engage with prospects, follow up with the press, and act on intelligence gathered.

We’d enjoy hearing what has and hasn’t worked for your company at trade shows – here or on van Schouwen Associates Facebook page.

Naptime has been canceled.

As I compose this post on a lovely summer afternoon, financial headlines include phrases such as “market swoon” and “U.S. Economy Is a Complete Disaster”.  That’s arguable, but nonetheless, it’s no time for business professionals to close their eyes, not even for a moment. Here’s why:

We’re doing it all. Productivity continues to be high, because there are fewer people doing more jobs, working longer hours, coming up with better ideas. If we don’t remain at the alert (or if we don’t hire back some of those people we’ve ushered to the sidelines) production will fall and our ability to respond to opportunities quickly will drop.

Prospects and customers say “maybe” and “no” more easily than they say “yes”. We must stay on our toes to give them reasons to move forward with us. They’ll save money. They’ll save time (which is money). They’ll be more productive (which is money). Or they’ll feel happier (which is more important than money sometimes, eh?). Get to yes. Argue with the going wisdom of the day, with the “we have no budget” or “we’re not planning to do that until 2011″ or “we have a supplier already.” Invite your prospect to look at a situation through new eyes and improve results.

We’re operating in a new environment. Picture yourself trying to perform everyday tasks in a weightless environment. Your cereal floats away. You can’t move from here to there the way you used to. Doing business today is similar. People don’t often pick up their phones unless they expect your call. They may make decisions by doing research online rather than talking to people like you. They do without, or they do things themselves. (How many major corporations have taken to creating their own sales materials, for example, or simply have no current materials? Oh, there’s nothing more impressive than the sales rep drawing the new automation system on a frayed paper napkin at Burger King to show to a key prospect, I’ll tell you!) Take the time to dream up new ways to help your prospect, and to speak to his or her real concerns, which are very likely different than they were two years ago.

Since you’re wide awake anyway, walk away from the lagging crowd. Think for yourself or find a fresh new adviser or partner with whom to share ideas. Figure out how to develop, value, sell, and build market share for your product or service. Learn about the new tools and techniques, motivations and buy signals that work in a strange new world, even as the pundits wring their hands and your competition slumps in its seats.

By the way, coffee helps.