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| Globalization of markets means greater competition.
This means managers are faced with increasingly demanding goals
and increasingly tighter deadlines. In order to suceed, companies
have to integrate more innovative and versatile marketing tools
such as specialized trade shows as key elements of their global
marketing strategies. |
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Exhibiting
at exhibitions and trade shows offer
you the opportunity: |
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| *Click on the above
boxes for detailed explanations. |
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| To
generate sales leads |
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| Despite the emergence of the Internet and e-mail
communications, trade shows are still used as a major method of
generating sales leads. This is because they give customers the
opportunity to experience a company's products first-hand and communicate
directly with the company's employees regarding any questions or
concerns they might have. |
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To
enjoy low cost media coverage and
increase and enhance brand awareness |
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| Trade shows give exhibitors the opportunity to receive
media attention and increase and enhance brand awareness without
paying high marketing costs. In addition, the visitors to the trade
show and readers of industry journals are often business leaders
who are responsibility to make executive purchasing decisions. Therefore,
trade show media coverage enables exhibitors to efficiently and
directly reach their target audience. |
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| Identify
new agents and distributors |
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| Trade shows attract agents and distributors from
around the world, which a company may not be able to reach using
other methods. Communication with such visitors may lead to the
development of new alliances and the establishment of joint ventures
and project partnerships. Strong relationships with agents and distributors
are very important when entering new markets. |
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| To
allow consumers to experience your products first-hand |
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| With a decline in the information-conveying effectiveness
of mass media (TV, radio, internet, newspaper, etc.) due to an overabundance
of look-alike commercials, a lack of interest in indirect marketing
(faceless billboards, intrusive internet banners, etc.), and a flood
of indiscriminately posted direct mail (SPAM e-mail, junk mail clogging
mail boxes, etc.), consumers today are interested in experiencing
the product they wish to purchase first hand. The E-Bay revolution
has allowed most anything to be bought or sold by people living
on opposite sides of the world, however, when, for example, a businessperson
is deciding on a trading partner that businessperson will look to
trade fairs and exhibitions to bring the latest products and the
latest technology to life right before their eyes. |
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| To
research market potential and assess your competition |
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| Participating in a trade show as an exhibitor, enables
a company to exchange and gather information not only with potential
customers but also with other exhibitors as well. This allows them
to better understand the market from the perspective of their customers
and competitors. Using the knowledge gained from participating in
the trade show, exhibitors will be better able to differentiate
themselves from their competitors and gain market share in their
industries. |
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| To
receive real time feedback from your clients |
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| Speaking with visitors to your booth and using tools
such as surveys, allows exhibitors to receive real time feedback
from current clients as well as potential customers. This information
can then be used in immediately in marketing, product development
and manufacturing strategies. |
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| To
launch new products and services |
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Trade shows provide a great opportunity for exhibitors
to introduce their new products and services.
Current clients and potential customers can see live presentations
and demonstrations as well as samples of your products and services
first hand which accelerates the selling process.
In addition, the press and media will often pick up on your new
products and services and mention them in their coverage of the
trade show. |
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To
increase your return on investment
for marketing and sales costs |
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Exhibitions offer a means of directly connecting
with a specific target audience that is likely to buy or promote
your products. Exhibitions and trade fairs allow you to reach the
largest number of members of this target audience with minimal time
and resources expended.
Given that you have already had a chance to speak with your potential
customer, present your products and services, and answer any of
their questions, the cost to close a sale with an exhibition lead
is much less than the same sale without such a lead. In addition
to the decrease in sales costs, exhibitors can also expect a decrease
in marketing costs given that they will have the opportunity to
target a number of potential customers at the same time rather than
sending individual direct mailings and spending large amounts on
advertising. |
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JAPAN MANAGEMENT ASSOCIATION. |