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3 rd ANNUAL TRADE SHOW SUMMIT The New Event Metrics: Redefining Exhibitor ROI Moderator: Danica Tormohlen, Editor-in-Chief, EXPO Skip Cox, President, Exhibit Surveys Mary Upton, Vice President, Trade Show Operations, ASI Shows Trade Show Summit is sponsored by:
STRATEGIC EXHIBITION AND EVENT MARKETING RESEARCH AND MEASUREMENT The New Event Metrics: Redefining Exhibitor ROI Presented by Skip Cox Exhibit Surveys, Inc. skip@exhibitsurveys. com 732 741 3170 Y O U R D E C I S I O N M A K I N G P A R T N E R
YOUR DECISION MAKING PARTNER Macro Outlook Positive CEIR Index 2006 • NSF +3. 8% • Attendance + 4. 6% • Revenue +9. 7% US Economy • GDP +3. 4% ’ 06 • Projected +2. 5% – 3% ’ 07, but uncertainty ahead Source: CEIR Index 2007 Edition; 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Macro Outlook Positive ABM April 10, 2007 Release • “Face-to-face revenue has surpassed print ad sales for the first time in the history of the industry” (36% share vs 35% for ad revenue) Exhibitor Magazine Reader Survey December 2006 • 2007 Budgets: 30% up / 17% down / 52% same Sources: American Business Media; Exhibitor Magazine Survey of 600+ readers, December 2006 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Top Issues for Anchor Exhibitors • Competition for marketing budget • Integration of events in the marketing mix • Cost-cutting pressures (increased involvement of procurement, quarterly budgets) • Demand generation is strategic focus (feed the sales pipeline) • Accountability/ROI Measurement (prove it or lose it) 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
• Measure ROO/ROI to justify budgets • Provide decision-support information – – Show selection Show investment Integration / fit in marketing mix Strategic planning (show objectives, show strategy) – Tactics • Identify strengths and weaknesses to improve performance YOUR DECISION MAKING PARTNER Why Anchor Exhibitors Measure? 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Measurement Tools For Various Exhibiting Objectives 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
• Measured over 300 shows and events in 06 • Comprehensive and consistent measurement Define Event Strategy Develop Business Objectives YOUR DECISION MAKING PARTNER HP Global Performance Measurement Performance Results Database (Decision support data) Complete the Engagement Process Event Execution and Data Collection Process Report Plan vs. Actual (OV GPMP) 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
Small/Medium Exhibitor Measurement YOUR DECISION MAKING PARTNER • Why they measure? – Should we exhibit again and at what level? • How they measure? – Number and quality of leads generated (much less about awareness, image building, branding, etc. ) – Some track leads to sales, at least informally – Mostly Perceptions based on floor traffic, location, quality of audience, etc. 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
Measuring Potential for ROI YOUR DECISION MAKING PARTNER • Organizer responsibility: – Attendance Audits – Attendee Research – Registration demographics – Industry/market research • New Audit/Survey Tool – “Event Insights” • New web-based tools for pre-event planning and measurement (IAEE ROI Task Force) – Primarily for Small Medium Exhibitors 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Measuring Individual Exhibitor ROI • Traditionally, responsibility of exhibitor • Role organizer can play in measuring – Invest in measuring ROI of anchor exhibitors (e. g. , Interop, IFT) – Consult with small/medium exhibitors using lead data captured by reg contractor • New web-based tools for pre-event planning and measurement • Opportunity to sell/upsell space and other revenue generating products/services 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
Event Insights YOUR DECISION MAKING PARTNER • Third-party audit of attendance – Attendance certification – Registration demographics – Sound basis for extrapolating attendee data • Third-party attendee survey – Audience quality and buying power – Audience activity (e. g. , history of attendance, time spent on floor, Traffic Density) – Attendee expectations and satisfaction – Attendance promotion evaluation – Evaluate specific aspects of show 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
New Web-based ROI Tools YOUR DECISION MAKING PARTNER • Pre-event planning tools to optimize ROI – Size of Potential Audience estimator – Number of exhibit staff estimator – Exhibit space estimator • Post-event measurement tools – Reach – Staff performance – ROI potential estimator • Base tools on reliable (preferably audited) data for realistic and credible results 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER New Event Engagement Protocol - ARF Exhibit Engagement Accelerates the Sales Process (Preliminary Findings) OUTCOME SCORES Not Aware (Control) Aware only Look Only (Passive) Interact (Active) TOTAL LIFT Top of Mind Aware 22% 29% 39% 48% +26% Consider Using 35% 40% 51% 60% +25% Emotional Connection 15% 29% 43% +28% Brand Fit 21% 30% 42% 57% +36% Purchase Intent 24% 27% 36% 52% +28% -54% -37% -10% 21% +75% Net Promoter Next Step: Validate Sales Conversion Source: Exhibit Surveys, Inc. and Gallup & Robinson for Advertising Research Foundation 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
Less Face to Face Interaction Staff Interaction Rate (SIR) PARTNER (Personal Contact Achieved With Prospects Attracted) SIR 62% Retail 54% Hi Tech 50% YOUR DECISION 55% Medical MAKING Industrial Source: Exhibit Surveys, Inc. 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
MAKING PARTNER Corporate Events Deliver Higher Value • More time spent • Solve problems YOUR DECISION • Targeted to needs • Mostly customers % Very/Extremely Valuable Source: Exhibit Surveys, Inc. (Measurement of 292 exhibits and 56 events for major IT companies – 2004 to 2006) 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Corporate Events Deliver More Impact Exhibits Events Increase Familiarity (Avg. for Specific Products) +10% +19% More Favorably Inclined to Purchase as a Result of Visit 38% 68% Increase investment 17% 31% Invest sooner 14% 23% Potential Revenue Opportunities Mostly Customers Source: Exhibit Surveys, Inc. (Measurement of 292 exhibits and 56 events for major IT companies – 2004 to 2006) 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Implications to Organizers • ROI/ROO of exhibits compares very favorably to other media • Experiential marketing in general will grow in importance • Private corporate events could be biggest competitor for marketing budgets • Differentiate exhibitions from events – Forum to compete – Reach new prospects/gain market share 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Implications to Organizers • Partner with exhibitors – accommodate differing needs – Leverage their investment (not only floor space) – Co-locate events (back to back) – Produce their events (offer them new prospects) • 21% of organizers produce events for exhibitors* * Source: EXPO Magazine Marketwatch, May 2006 (conducted by Exhibit Surveys, Inc. ) 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
YOUR DECISION MAKING PARTNER Implications to Organizers • More companies measuring, but not enough or not effectively – help exhibitors measure • Exhibitions need a standard measurement protocol • Demonstrate results, not just potential for ROI • Promote exhibitions as accelerating the sales process and feeding the pipeline • Drive home the message 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
PARTNER MAKING YOUR DECISION Thanks 7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224 -3170 Fax: (732) 741 -5704 www. exhibitsurveys. com
The New Event Metrics – Redefining Exhibitor ROI The ASI Show Planning Guide Attendee Demographics: ● Annual sales numbers ● Geographic statistics ● Attendee breakdown (i. e. , % of buyers, owners, salespeople) ● Attendee comparisons to other industry shows
The New Event Metrics – Redefining Exhibitor ROI The ASI Show Marketing Opportunities ● Exhibitors who send a pre-show mailing receive 14% more leads ● Passport exhibitors receive 65% more leads ● Show Daily advertisers receive 35% more leads ● Show Directory advertisers receive 29% more leads ● Show sponsors receive 66% more leads
The New Event Metrics – Redefining Exhibitor ROI The ASI Show Passport to Winnings Every attendee receives The ASI Show “Passport to Winnings” with their badge. To be eligible for over $30, 000 in exciting prizes and receive free shipping or free parking, distributors must visit participating exhibitors’ booths, learn more about their products and receive a special stamp. The Passport promotion is a favorite among attendees and is heavily promoted both before and during the show!
The New Event Metrics – Redefining Exhibitor ROI Advantages New Product Showcase When an exhibitor displays a product in the Advantages New Product Showcase, they receive: ► Physical display of product at show entrance, with headline, company name, asi number, booth number and 100 -character description on display card. ► Articles in the Show Daily driving distributors to the Showcase and to see the new products. ► A free product listing in Show Directory.
The New Event Metrics – Redefining Exhibitor ROI Supplier Secrets Keynote ► The perfect opportunity for an exhibitor to give a live presentation of a new and exciting product to hundreds of distributors before the show opens. ► Participating suppliers can distribute product samples to Keynote attendees. ► Only a limited number of slots available.
The New Event Metrics – Redefining Exhibitor ROI ASI Distributor Member Benefits ● Free admission ● Free hotel room ● Free Catalog Courier ● Free parking or shipping ● The ASI Show Free Education Conference ● Daily, free Keynote presentations ● Daily, free networking receptions and special events
The New Event Metrics – Redefining Exhibitor ROI The ASI Show Free Education Conference ● Dozens of industry-specific sessions ● ASI product training and an ASI Supplier Open House ● A free New Supplier Seminar led by industry veterans ● A free Supplier Marketing Strategies workshop ● A free New Supplier Luncheon featuring an industry expert ● Daily, free Keynote presentations led by sales experts
The New Event Metrics – Redefining Exhibitor ROI Daily Networking Events to Build Important Business Relationships Off of the Show Floor ● ● ● ● First-Time Attendee Welcome to The ASI Show Reception The Counselor Distributor Choice Awards ASI Spirit Awards Celebrate ASI Show Reception Family Business Reception The Closing Celebration The acclaimed ASI Show Gala Celebration
The New Event Metrics – Redefining Exhibitor ROI Post-Show Leads After each ASI Show, attendees automatically receive, free of charge, a personalized list of the exhibitors* (with contact information) they visited at the show. This allows distributors to follow up with the suppliers they met and to start doing business with them right away. *Only includes exhibitors who used The ASI Show Lead Retrieval Service
The New Event Metrics – Redefining Exhibitor ROI ASI Show Membership/Attendee Surveys The ASI Show continually conducts membership surveys to make sure we are producing the best possible businessbuilding events. ● Pre- and post-show surveys ● On-site surveys include education/speaker surveys, show evaluation forms and exhibitor thank you notes with survey ● Electronic surveys include event evaluation, Keynote and special event interest and demographic information Additionally, we survey our attendees to learn more about their demographics to better serve our exhibitors. ● Annual sales ● Markets they sell to ● Products/vendors they are looking for