I recently read some very interesting industry statistics about a leading industry event in Las Vegas. I believe that you will agree with me that these numbers are very impressive. The information also showed me that companies are still very interested and focused on participating in a trade show, seminars, and workshops.
I highly recommend that you read on and discuss some of these essential questions within your company. When your team is looking at trade shows as a platform to expand your business reach, you need to be able to answer some of the following questions
– Is our company actually prepared and ready to go to one of the many trade shows and face the eager and hungry
buyers
– Is your team and management prepared to select the right trade show for your company
– Can our team plan all of the 100+ details without forgetting the business cards or reserving the wrong hotel?
There is an art to the planning, marketing, organizing, shipping, onsite setup and tear down, a trade show. You also have to focus on pre-show marketing, social media activities and announcement, as well as buyer communication. Additional attention should be paid to trade show lead management and booth management. The list goes on and on.
Here are some very interesting and impressive industry statistics
– There are approx. 13,000 events annually in the US + Canada (10,000 B2B + 3,000 B2C). Some of the events have a
minimum number of exhibitors around 10 and 40.
– Looking at the overall numbers we see that the US + Canada trade show industry represents 30-40% of the world market.
I also looked at some additional information of some of the trade shows and events that take place in Las Vegas. I believe that these numbers speak for themselves:
Management participation:
- 40% Executive Management
- 29% General Management
- 20% General Staff
- 11% Skilled Trade
Buyer interest and decision marking authority:
- 87% see new products
- 78% get ideas
- 72% keep up with new trends
- 60% see existing vendors
- 65% see new vendors
- 87% net buying influence
- 57% make buying decisions
These numbers should be a very clear indicator of the importance of trade shows as a global sales and marketing tool.
Trade show consultants and coordinators can help you with all of the steps mentioned above and details. These experts are ready to step in and plan every step of your trade show experience.
Good luck with all of your trade show activities!
We can be reached at info@globalcif.com or call us at +1 (404) 735-5646. Our website is www.globalcif.com.