Event Marketing, Trade Show, and Seminar Support
Services by MarketingSage
Event marketing was second only to email
and mailings in its ability to generate a return on investment according
a survey* of chief marketing officers. Unlike advertisements, email,
mail and other promotional methods, events allow you to demonstrate
your products, make presentations to interested people
and have extended discussions with prospects.
A CEIR** study estimated that 78% of attendees
are interested in products and up to 60% are part of a buying team
visiting the show. Additionally, CEIR estimated that the average
number of calls required to close a trade show lead was 1.6. This
compared favorably with an average 3.7 calls to close a field sales
lead. If you have an outbound sales team, fewer sales calls may
result in significant savings on travel and expenses.
An event allows your sales team to meet
a lot of prospects in a short period of time. A salesperson can
typically meet 7 people per hour at a show — a pace not easily
replicated on the road. Events also give executives an opportunity
to meet peers, analysts, journalists, customers, resale partners
and prospects whom they might not otherwise meet face-to-face. Additionally,
many businesses use events as a launching point for new products
and initiatives.
Event marketing pays off from a
sales perspective when:
Your product sells better when it is demonstrated, handled or
formally presented. New types of product, complex products and
expensive products typically benefit from demonstrations and show-and-tell
presentations.
Your prospects can be segmented into groups and there are events
that cater specifically to those groups. Research has shown that
vertical shows, those that address a specific market segment,
can generate 25% more qualified leads than broad trade
shows.
The cost of participating is reasonable. What's reasonable depends
on your situation. Here are some guidelines:
The expected cost per qualified lead is acceptable after
you account for the true costs of participation. The true
cost of an event should include the cost of organizing the
1001 details necessary for participation, booth shipping costs,
staff travel costs, and a portion of the booth design and
maintenance cost. The cost per lead will almost always be
higher for events than for other promotional methods. However,
the cost per qualified lead or cost per sale may
be very reasonable.
Participation in the event does not cause undue disruption
to other important activities. For example, executives, marketers,
product managers and engineers may have to sideline other
projects to prepare for, and participate in, events.
MarketingSage can help you implement
a successful event marketing strategy by:
Helping you decide if trade shows should be part of your promotional
plan, and if so, which shows to attend. We maintain a database
of over 5,000 events.
Designing a booth and accessories that help you stand out from
the crowd while minimizing the cost of shipping, set-up/tear-down
and equipment maintenance.
Renting you the equipment
you need for events and presentations if required.
Managing the 1001 logistical details necessary to ensure a successful
show and to minimize costs. These include booth storage, shipping
and maintenance.
Increasing the number of visitors to your booth with pre-show
promotions.
Increasing editorial publicity opportunities by managing event-centric
announcements and arranging press and analyst meetings.
Helping you convert more leads to sales with targeted post-show
promotions. Pre-show promotions have been shown to draw up to
33% more of the "right" visitors to a booth.
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MarketingSage® is a contracted marketing department that helps other marketers
and business executives increase revenue by generating sales leads, building
brands, launching new products and establishing new sales channels. You can
add Strategic Planning & Process Design,
Advertising, PR, Internet Marketing, Direct Marketing, Channel Marketing, Event
Marketing, Graphic Design and Copywriting capabilities when you need them, for
as long as you need them.
MarketingSage's ROI-centric methods are more effective
and cost-effective than building a large internal staff or trying to mange multiple
agencies or freelancers. We deliver a measurable return far in access of the
cost of our services. In fact, client return on investment in MarketingSage
is guaranteed.
If you think MarketingSage may be able to help you and
your business, please give us a call at 925-426-0488 or click
here to have us contact you.
*CMO Council, 2005 study. **Center
for Exhibition Industry Research
Should you outsource your
marketing?
According to a Harvard
Business School article, "outsourcing marketing
can lead to better quality and lower costs."