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The New Event Metrics: Redefining Exhibitor ROI

Join industry experts as they discuss the importance of measuring exhibitor ROI, the top issues for anchor exhibitors, and the tools and strategies available for effective measurement. Don't miss this opportunity to stay ahead in the ever-changing event landscape.

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The New Event Metrics: Redefining Exhibitor ROI

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  1. The New Event Metrics: Redefining Exhibitor ROIModerator: Danica Tormohlen, Editor-in-Chief, EXPOSkip Cox, President, Exhibit SurveysMary Upton, Vice President, Trade Show Operations, ASI Shows 3rd ANNUAL TRADE SHOW SUMMIT Trade Show Summit is sponsored by:

  2. The New Event Metrics: Redefining Exhibitor ROIPresented by Skip CoxExhibit Surveys, Inc.skip@exhibitsurveys.com732 741 3170

  3. 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;

  4. 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

  5. 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)

  6. Why Anchor Exhibitors Measure? • 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

  7. Measurement Tools For Various Exhibiting Objectives

  8. HP Global Performance Measurement • Measured over 300 shows and events in 06 • Comprehensive and consistent measurement Define Event Strategy DevelopBusiness Objectives Complete the EngagementProcess Event Execution and Data Collection Process Report Plan vs. Actual (OV GPMP) Performance Results Database(Decision support data)

  9. Small/Medium Exhibitor Measurement • 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.

  10. Measuring Potential for ROI • 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

  11. 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

  12. Event Insights • 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

  13. New Web-based ROI Tools • 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

  14. New Event Engagement Protocol - ARF Exhibit Engagement Accelerates the Sales Process (Preliminary Findings) Next Step: Validate Sales Conversion Source: Exhibit Surveys, Inc. and Gallup & Robinson for Advertising Research Foundation

  15. Less Face to Face Interaction Staff Interaction Rate (SIR)(Personal Contact Achieved With Prospects Attracted) SIR Industrial 55% Medical 62% Retail 54% Hi Tech 50% Source: Exhibit Surveys, Inc.

  16. Corporate Events Deliver Higher Value • More time spent • Solve problems • 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)

  17. Corporate Events Deliver More Impact Mostly Customers Source: Exhibit Surveys, Inc. (Measurement of 292 exhibits and 56 events for major IT companies – 2004 to 2006)

  18. 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

  19. 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.)

  20. 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

  21. Thanks

  22. 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

  23. 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

  24. 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!

  25. 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.

  26. 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.

  27. 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

  28. 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

  29. The New Event Metrics – Redefining Exhibitor ROI Daily Networking Events to Build Important Business Relationships Off of the Show Floor ● First-Time Attendee Welcome ● 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

  30. 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

  31. 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 business-building 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

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