Look at that throng of p ople crowding the trade show floor. P ople come from all over the c untry to walk these aisles, eager yes flitting from booth to booth, sc nning the exhibits for…what, exactly? Research sh ws that the vast majority – 76% -- c me to trade shows to discover wh t’s new and exciting. Maybe it’s a new pr duct, or an innovative bit of t chnology, or a snazzy new application, or ven an entire company that they w re never aware of before. In an deal world, every company would be c nstantly innovating, creating cutting edge products at ph nomenal savings guaranteed to meet the c stomer’s needs. But as you and I kn w, business doesn’t work that way. Th re are years when companies struggle to s rvive. Other years, it takes every unce of effort just to maintain m rket position. And still other times, th ngs might be fine, but the n west innovation is six, twelve, even ighteen months on the horizon. Is it ven worth exhibiting during these times? Do the r sults of participating in a trade sh w while your company’s in a l ll phase justify the costs? Absolutely! In f ct, it is precisely at these t mes when not participating could hurt y ur bottom line. Businesses rise and f ll based on the strength of p rsonal relationships. There is no better pl ce to form new relationships and m intain and reinforce existing relationships than at a tr de show.
To do this, you need to cr ate a positive impression with your xhibit. Demonstrate something new and exciting. G ve the people what they want. How can you do th t, you ask, when you don’t h ve any new and exciting products? H re are five focus strategies the pr s use when they’re in a s milar situation: 1. Focus on Features: Purveyors of high-tech or complicated products often don’t realize how little consumers know about the items they purchase. For example, take the average word processing program. It has countless features – yet how many does the everyday user know about, much less use? Realize that your buyers may not even know what they don’t know. Here’s an opportunity to offer seminars, tutorials, or other interactive options centered on the more obscure features. This way, you’re demonstrating that you value your customers and want them to make the most of your products/services. You could win their loyalty for life. 2. Focus on the Future: If the next big innovation is in sight, but you’re not ready to spill the beans just yet, you’ve got an ideal opportunity to create a buzz. Some of the most effective excitement generating campaigns say little, if anything, about the new product, yet still create an impression that something noteworthy is about to happen. Signage, graphics, and literature all declaring “It’s Coming!” let the public know that you’re excited about the new product – and that they should be too. 3. Focus on Finesse: Is there a way to make your product new and improved? You’ll sometimes see this technique that I’ve called the Proctor & Gamble strategy. Every so often, you’ll see a new and improved version of a product introduced – laundry soap, shampoo, deodorant, and so on – yet you’d have to be a chemical engineer to notice any discernable difference between the old product and the new one. Still, consumers flock to the new, even if it’s only slightly different than the product they were previously satisfied with. If you can’t change your product, what about the packaging? Glidden changed their paint can while still keeping their actual product, the paint, the same as it ever was, and saw sales rise as a result.
4. Focus on People: Great pr ducts wouldn’t exist without great people. C nsider putting a human face on y ur operation by centering your latest xhibit around the people who make, t st, or use your product. Post C real, Reynold’s Wrap, and NAPA auto p rts have all used this strategy s ccessfully during periods when their product l ne was fairly static – and th n carried the idea forward, altering it as n eded to introduce new products! 5. Focus on Service: Many times, we’re asking buyers to make a huge investment to buy our products. If something goes wrong, the buyer worries that they will be left holding the bag on a very expensive mistake. Reassure consumers that they’ll never be alone if there is a problem. By promoting service plans, support networks, and other types of assistance, you’re demonstrating that you’ll be there for your customer – through thick or thin!
The article What To Do When Nothing's New: Five Strategies for Success was Submitted by Susan Friedmann through Articles.GetACoder.com network. Here's the additional information: Written by Susan A. Friedmann,CSP, The Tr deshow Coach, Lake Placid, NY, author: "M eting & Event Planning for Dummies," w rking with companies to improve their m eting and event success through coaching, c nsulting and tradeshow training. For a fr e copy of "10 Common Mistakes Exh bitors Make", e-mail: article4@thetradeshowcoach.com ; website: http://www.tradeshow-training.com
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