Strategy Bits – Short Answers to Big Questions

Can Content Truly Drive Sales?

Absolutely. Consider the 95-5 rule, which suggests that at any given time, 95% of your target market isn’t actively seeking to make a purchase decision. So, what’s the solution? Should you only focus on the 5% actively in the market? While that might seem ideal, it’s akin to finding a needle in a haystack. Moreover, it often leads to short-term ‘buy now’ tactics that neglect long-term relationships.

The key is to cultivate trust and awareness through relevant and valuable content. Position your brand as the go-to source for insights and education, ensuring you remain top of mind. By playing the long game, you increase your chances of being on the shortlist when buying decisions are made. As the B2B Institute suggests, “If you wait until the buyer enters the market, it’s already too late. You need to prime the market far in advance.”

Have a big question for us?

Send an email to beverly@lages.com and we’ll get you a short answer designed to get you on the path to success.

The Tricks of the Trade: Maximizing Tradeshow ROI

Step right up, ladies and gentlemen, to the greatest show(s) on earth! The technology industry’s trade show calendar has evolved from several seasonal affairs to a full year of excitement. Marked by events like CES, Dell Tech World, SC24, OCP, MWC, and the AI/Big Data Expo, tech trade shows are officially a year-round phenomenon. Companies now find themselves amidst a perpetual whirlwind of exhibitions and conferences, constantly vying for attention, networking opportunities, and the chance to showcase their latest innovations and solutions.

In the sea of booths, flashy displays, and swag giveaways, how can your company stand out and make the most of these events?

First thing First: It all starts with a theme. Your theme sets the tone for your entire presence at the tradeshow. Choose one that aligns with your company’s branding and messaging, and that will resonate with your target audience. A cohesive, compelling theme will draw attendees in and make your booth memorable. From there, ensure that every aspect of your booth, from signage to promotional materials, reinforces and enhances your chosen theme to create an impactful, memorable experience.

Set Clear Goals: Well in advance of the event, define specific, measurable objectives such as generating leads, networking with potential partners, launching new products, or increasing brand visibility. Ensure that these goals align with your overall marketing and business objectives.

“Without goals, you’ll drift like a ship without a rudder, aimlessly wandering wherever the currents take you.”

Pre-show Marketing/Outreach: Time is of the essence. Don’t wait until the event begins to start promoting your presence. Utilize various marketing channels, including social media, email campaigns, and targeted advertising, to create buzz and drive traffic to the booth before the tradeshow begins. Are there any show-related awards you can submit for? These deadlines come up quickly.

Engage and Excite: Offer incentives, such as exclusive previews, contests, or giveaways, to attract attendees to visit the booth. Leverage networking opportunities with industry influencers and media to increase visibility and generate anticipation for the company’s presence at the event. If you are seeking meetings and/or briefings with the media, this outreach should start 2 months in advance.

Strategic Booth Design and Branding: Invest in an eye-catching booth design that reflects the company’s brand identity and attracts attention on the tradeshow floor. Incorporate interactive elements, demos, and engaging presentations to showcase products and services effectively. Make sure the booth layout encourages traffic flow and facilitates meaningful interactions with attendees. Don’t forget to make sure your theme is carried through at the booth.

Offer Value: Provide something of value to attendees beyond just promotional material. What’s in it for them? This could be educational sessions, product demonstrations, free consultations, or exclusive access to resources. The more value you offer, the more memorable your booth will be.

Collect Data: Use technology to capture leads and gather valuable data about booth visitors. Utilize lead capture apps, QR codes, or business card scanners to collect contact information and track interactions. This data will be invaluable for follow-up and measuring ROI.

Make Those Connections: The work doesn’t end when the tradeshow does. Follow up with leads promptly after the event while you’re still fresh in their minds. Personalize your communications based on interactions at the show and continue the conversation to nurture leads towards conversion.

Conduct a Post-Show Assessment: A thorough evaluation should be conducted to identify what worked – and what can be improved upon. Measure key metrics such as lead quantity and quality, booth traffic, and sales generated. Gather feedback from booth staff, attendees, and stakeholders to gain insights for future events. Develop a comprehensive follow-up strategy to nurture leads, maintain relationships, and capitalize on the momentum generated from the tradeshow. Don’t forget to include those great images you collected for social posts! You did remember to take pictures, didn’t you?

By implementing these strategies, you can make the most of your tradeshow experience and ensure a positive ROI that extends beyond the showroom floor. With careful planning, creativity, and follow-through, your company can stand out amidst the competition and forge valuable connections that drive business growth.

Take a deep breath, relax and enjoy the show – you’ve got this!