Are You Maximizing ROI On Your Business Trade Show Displays? Three Key Metrics To Watch

Monday, June 16, 2014

Seasoned veterans of the marketing convention circuit understand that setting up a trade show stand or even simple table top displays at any promotional event can deliver an extensive assortment of benefits. From cold hard numbers revolving around face to face engagements at the function itself to less tangible data like an uptick in online traffic, these advertorial outlets can assist companies in every industry to reap a comprehensive array of positive results that can help justify the fees and expenses associated with these trade show displays.

Businesses Must Carefully Monitor ROI Of Trade Show Displays

While the itemized list of perks gained by engaging in trade show displays proves lengthy, it's still something that business leaders need to stay focused on throughout the year. Not exactly sure how to best determine around your company's return on investment from setting up exhibits and table top displays? You're not alone. Many entrepreneurs struggle with how to monitor the general success of these functions, particularly the more abstract results that are often achieved post-convention. However, maintaining a steady focus on some key metrics can help ensure that your company is consistently considering and analyzing critical success criteria.

Important Criteria To Monitor At The Close Of All Trade Show Displays

At the conclusion of marketing conventions, it's imperative for your staff to convene and compile a post-event analysis. When assembling the data, always consider the following:

Product Demonstrations: Sure, guests may stop by your table stop displays to quickly peruse your promotional literature or (more likely) to grab whatever free handout you're offering at your trade show stand. But how many visitors actually take the time to ask for a personal demonstration of what your product does? Before the opening of each event, create a way to calculate the total number of merchandise demos offered throughout the course of the function. A basic tally will certainly set a benchmark for future events, but being able to jot down quick notes like "one on one" or "group" will give your team an even better idea of how a specific convention went and how it matches up to previous venues.

Leads Generated: It's no secret that collecting leads is a major reason why a business sets up a trade show stand at all. Generated leads are also a key metric that offers tangible evidence of ROI. Rent or procure a machine that automates lead compilation to efficiently streamline the accumulation process and save both time and stress. Also, taking the total cost of the event and dividing it by the total number of leads gathered will deliver a basic cost per lead formula to monitor how this event measures up to previous functions.

Always remember that the only way to convert leads to sales is to follow up with them. Create a plan with the team to connect with each and every lead collected. Be sure to log all contact activity in the company database to monitor the end result/event ROI of each new name collected. How many turned into appointments? How many purchased from your organization?

Online Metrics: Monitoring online activity is a great way to analyze some of the post-event positives delivered from trade show displays. Get a general idea of website visitors that check out your company page in the days leading up to the marketing convention. Once the show has ended, measure any upticks in user traffic. Major boosts in clicks are generally a good indication of convention ROI. Also, always analyze other Internet resources such as social media marketing pages and carefully track increases in your business' online network immediately following the event as well to compile comprehensive analytics of overall results yielded.