Monday, 2 May 2016

6 Key benefits of attending trade shows by big companies

Technology has rapidly changed the landscape of marketing but there are key benefits which any company might attain by just physically being present at a show but there are a few things companies should follow before attending any trade show as it costs them money and time. Trade shows have been termed as a popular way to market your products and network with like minded and similar professionals from all over the world. Although technology has been a huge factor in marketing of products and services lately but it has not diminished the importance of Trade shows. In fact it has added a new dimension to professional trade show for investors, exhibitors and attenders.

What are key benefits of attending trade shows:

Showcasing your product to the world is a valuable investment- only if it’s done right. The effort and cost spent at such extensive activity is only worth the hassle if you engage the attendee and network with business competitors. It creates brand awareness and targets your designated consumers. Make sure you stand out from the crowd as there will be a lot of competition. To reap maximum benefit from Trade shows, keep the following points in mind.

Selecting relevant trade show is the key:

As we have mentioned earlier, trade shows are pricey, so choosing the right trade show is the key to success otherwise you will end up with zero exposure and no new networks. It’s a good idea to ask your peers where they exhibit their companies or startups to have an idea of the exposure you will get my setting up a display of your products.

Research your competitors:

A good idea to improve your services and products is to research your competitors. How they display it and what marketing strategies are they employing. See where they invest their money to see if it’s worth your company too.

During the trade show:

Most of the entrepreneurs spend time at their booth but it’s a recommendation that you should spend time roaming around the trade show area and try to connect with people from different parts of the world. It gives you an opportunity to set personal connections and also get to know about budding ideas to innovate your business.

Get in touch with media:

Expose yourself to Media attending the Fair or trade show and speak to them about your business and achievements. Make sure to exchange information with them on personal level so they remember your name and your business.

Generate future business leads:

Getting to know people personally will lead you to create strategic alliances with the future business partners or customers and hopefully investors. Make sure to know key players in any business as their business information cannot remain hidden during a fair. Collect business cards or directories for future references.

Improve your knowledge bank:

Get answers to your questions right away as quick communication is the benefit of attending trade fairs. Get to the bottom of trade strategy or product development process. Get details from vendors or retailers and compare with other options available.

Disclaimer:

The statements enclosed herein have not been evaluated by the Food and Drug Administration. The products mentioned on this site are not intended to diagnose, treat, cure, or prevent any disease. Information and statements made are for education purposes and are not intended to replace the advice of your family doctor.