How we sold an Event over SMS and Social Media with a Budget of Rs.18,000May 30, 2018
Why Trade Exhibitions Are Worth a Visit?
Whenever people think about trade shows in general, they think of never-ending and monotonous info sessions. Yes, non-business people might feel like that however, trade shows are very important for every single person involved in any respective business process – be it buyers, sellers or the middle-man. The reason behind the importance of trade shows is not just bound to gathering people from the marketing world and discussing current trends but it is much more than that.
It is about encouraging customer involvement, launching of new products and services and also increasing the knowledge of the same. According to stats, the U.S. marketers generated more than 12.8 billion dollars in the year 2016 through trade shows and are continuing to add more to it with every passing year. Let’s see some reasons as to why trade exhibitions are worth a visit if you are planning to visit one soon:
Brand Presence or Foundation: Trade shows are helpful in establishing a solid foundation for a business, especially for new businesses in the market. New entrepreneurs should consider this as an opportunity to make their business known to the rest of the marketing world.
Formulating new goals and objectives: No matter what your current or past market economy is/was, you always need to come up with unique and creative ideas in order to maintain the status quo of your business as well as to stay in the ever-changing marketing world. Well, one of the best ways of coming up with new ideas is to visit trade shows where you won’t just get the experience of connecting with the already established players but would also get to share new ideas with them.
Connecting with the right people: Trade exhibitions gives you the opportunity to connect with the right kind of people i.e. the retailers or the vendors who can be a source of knowledge as well as be a guiding hand when in need.
Gain Leverage: Attending trade exhibitions help you gain leverage over your competitors as you have easy access to their business insights. The benefit of these insights is that you can explore your weaknesses and strengths by comparing yourself to your competitors.
Proper Exposure: Trade Exhibitions are a great way of giving your business the media exposure it needs. This way you would be able to create the buzz about your business in the marketing as well as the outside world.
More than what meets the eye: There is more to trade shows than just demonstration of business’ products or services because they do have informative seminars, workshops, presentations, surveys and events giving you and your business enough exposure to new people, new businesses, and new business insights.
Build Network: As a trade show brings together hundreds and thousands of sellers and retailers, you have a greater chance of getting involved in the network of like-minded people by connecting with them personally. Hence, trade exhibitions can be considered as a platform for building networks and joining the community for the same.
Valuable Feedback: Trade shows can be a great source of valuable feedback as your business services and products are open to both positive as well negative feedbacks of all the participants of the exhibition. The feedback by the participants can be a great asset to your business as you would be able to figure out the area where you lack or need to improve and the ones you need take it up a notch.
Thorough Observation: When at a trade show, you should always pay close attention to what your competitors are doing. By this, you would know where they are better than you and what different you can do from what they are doing right now.
Quality Leads: Even if it does seem like a fickle idea but if you wish to generate quality leads for your business then nothing is better than a trade show. As you get to meet so many retailers and sellers, the scope of getting quality leads out of it increases considerably.
Quality Sales: As your business’s products and services are available to the people in a convincing business setting there are high possibilities of you getting great sales leads at the trade exhibitions itself. The key to that is of course communication and hence, know how to pitch your business to your possible customers.
Be Prepared: Before you visit a trade exhibition always do your homework. Make notes of whatever you already know about the current market and also of those aspects that you get to learn at the exhibition. This would help you in knowing where to improvise and how to avoid possible mistakes.
Hence, these are some benefits of visiting a trade show. If you get the chance of visiting any of them you should never pass it on. A trade exhibition is a kind of event marketing and is beneficial in the long run and hence, you should never miss any given the opportunity for it. Be it a new entrepreneur or the old one, Indian trade show industry provide the required knowledge and experience to both. So, if you get a chance to be at a trade show then, by all means, you must visit it.