How to Win at Trade Shows (Hint: It Involves Social Media)
For what is likely one of the biggest investments in the annual marketing budget, the bottom line is that trade shows—and especially big trade shows—can feel like a waste of time and money.
Big shows are not the place to get big coverage—or much else
Sixty-four percent of marketers say they have been disappointed when attending major trade shows like SXSW, Money2020 and CES. Top reasons cited include cost of attendance (45 percent), not getting the right spot on the conference floor (45 percent), low-value leads (36 percent) and the wrong speaking slots (36 percent).
- Company’s news was lost in other trade show news stories – 31 percent
- Media did not cover their company at all – 31 percent
- Media interviews did not result in articles – 23 percent
- Journalists were difficult to reach or did not show up for scheduled interviews – 23 percent each
- Company news appeared in a roundup of competitors – 8 percent
Most marketers feel that major trade shows are only a worthwhile investment when you want to speak before a large audience (64 percent) or demonstrate that you are a major brand (45 percent).
“For me and most marketers I know, trade shows and conventions are a necessary evil. They’re expensive so they don’t deliver a worthwhile lead gen ROI, but you can’t measure them only by lead gen metrics,” said Michelle McLean, vice president of marketing at ScaleArc. “Trade shows deliver that softer, hard-to-measure benefit of increased awareness, which remains important. The trick is to invest in the right lead gen/demand gen mix. Limit trade shows so you have enough dollars to invest in programs that deliver a much higher ROI.”
“Larger conferences may cost a bit more money, but we still find them worthwhile because we can get our name out there and connect with potential clients and investors,” said Stephanie Gries, community outreach manager at Travefy.
However, 18 percent of the survey respondents feel that major trade shows are never a good investment.
Small industry trade shows yield better results
Meanwhile, marketers have a much more favorable opinion of small industry trade shows—with 92 percent saying that these are a better investment for connecting to customers (75 percent), securing thought leadership speaking roles (67 percent), hosting receptions or events with less competition (50 percent) and securing positive media coverage in target industry publications (33 percent).
“We choose our trade shows carefully,” said Gary Beasley, co-founder and CEO of Roofstock. “Our strategy is generally to not spend a lot on sponsorships but instead to take full advantage of the fact that so many industry participants are in the same place and use that opportunity to create a full schedule of productive meetings with customers and potential customers.”