If you ask any trade show expert regarding its significance, you will perhaps hear a passionate list of reasons. From expanding your customer base to emerging with creative advertising opportunities, the power of trade shows is undeniably impressive. Trade shows offer true value to B2B marketers that might be surprising for you. If you are still unsure about the prominence of these exhibition shows, below are the top 9 reasons how trade shows bring unique value to your business.
1 Showcase your Newest Products
Trade shows are one of the best places to feature your latest products and services. One cannot simply beat the hands-on demonstration of an inventive product. While you are demonstrating your product, make sure to highlight its prominent benefits to the attendees.
Being a part of a trade show is one of the best ways to stay ahead of your competitors. Since companies use this platform as a testing ground for new products, ideas and tactics, doing marketing observation will let your business see what their competition is focusing or launching in coming days. The market research will also assist you in understanding the latest trends.
3 Return on Investment
When you are investing money on marketing, it’s important to learn how to increase your ROI. Unfortunately, many marketing strategies these days are no less than a gamble. In the advertising world of inconsistent platforms and campaigns, event marketing provides somewhat more reassurance to businesses that they will gain some return on investment. When your company becomes a part of a trade show that is particularly geared towards their industry, they will probably reach some percentage of their target audience.
4 Infused with Technology
Trade shows are no longer halls crowded with people, impermanent structures and furniture rather they have evolved into sources of technology. These exhibitions frequently include engaging booth activities to attract and retain booth visitors. Also, they let exhibitors influence individual opportunities. For instance, exhibitors can use touchscreens for customized and highly personalized presentations demonstrating their products and services. In addition, they can use social media to attract visitors to their booth by creating an Instagrammable event in their booth. High-end exhibitors are nowadays focusing on both augmented and virtual reality to stand out in the market. These technical advancements help exhibitors to remain relevant to the younger digital audiences.
5 The Bigger Picture of Industry
Trade shows are special events where everyone including your existing or potential customers, competitors, and channel partners are present on a single platform. In this setting, you get a broad idea of the industry trends, challenges, and prospects. It’s a great chance to engage in a dialogue with your competitors and have insights on how consumers are responding to their promotions in real-time. As an exhibitor, you will have a precise idea of the market by communicating to hundreds of clients in just a few days. Your booth attendees don’t merely boost your sales pipeline, instead, they are a consistent stream of market intelligence.
6 Sales and Lead Opportunities
Trade shows are buzzing with action as thousands of visitors look for solutions meeting their unique needs. With a comprehensive marketing strategy, your business can stand out and drive foot traffic to your exhibit. Make sure you search for trade shows that are highly relevant to your industry and guarantee better leads and interested attendees. It’s an absolute platform to showcase your products and services using cutting-edge technology and innovative ideas and attract all those determined potential buyers.
7 Face-to-Face Marketing
Irrespective of latest technical advances, engaging with consumers by meeting in person offers an excellent marketing opportunity. As you can shake hands with your potential clients, effective communication will help you sell your idea. These are ideal venues to reach customers directly and availing endless opportunities to progressive close sales and generating leads, increasing brand loyalty and building long-lasting relationships with market professionals.
8 Lasting Relationships within Your Industry
Every organization depends on a community of other businesses to some extent and here trade shows bring related businesses under one roof. If you make this opportunity count by meeting other industry professionals, you are most likely to explore ways through which these interlinking businesses can benefit each other. For instance, a company dealing in manufacturing of certain products will frequently require a logistics company to make sure the products are launched on time with the designated quality. That way, by meeting other vendors will help you build lasting business partnerships to help one another in the long term. One cannot simply deny the fact that trade shows are the ultimate networking opportunity that you will surely don’t want to pass on. Learning about other businesses, their products and services, and the definitive marketing strategy will help you better understand where your company fits in the big picture.
9 Renting a Trade Show Booth
If you have read this far, you will perhaps be convinced with the idea of exhibiting at trade shows. With unlimited trade booth ideas on the market, it is both time-consuming and challenging to come up with an exclusive idea that fulfills your requirements in the allotted budget. However, if you are tight on finance or time, trade show booth rental is a reliable option to get the job done. You will be provided with a list of trade booths and their individual features that comes under your specific industry and communicate your idea in the best possible way.
Trade shows are a tremendous valuable platform in the B2B Marketing era. It’s an effective way to meet your marketing goals that drive business outcomes, provide insights in real-time, and strengthen your relationship with consumers and other businesses. Definitely they worth your time and money! If you ever have been a part of the trade show or looking forward to, do share your thoughts in the comment section below.