Avoid These Mistakes With Your
Tradeshow Promotional Items
Mistake #1: Buying "Throwaways"
Billions
of dollars are wasted every year on tradeshow promotional items and most
exhibitors only get a fraction of the return on investment. Why? Because they
spend their money on trade show giveaways and not repetitive message senders.
If
your prospect has a re-usable product, your company gets seen over and
over again. The result? Your cost per impression goes down and your return on
investment goes up. Retention is the key to maximizing effectiveness.
Mistake #2: Not Qualifying Recipients
It
would be a simple world for exhibitors if every person walking the show floor
was a buyer. The unfortunate reality is that this is not the case. Do not waste
valuable time talking with unqualified leads who are talking to you solely to
add to their overflowing bag of free promotional gifts.
Mistake #3: Forget About Existing Customers
When
most exhibitors think of trade show giveaways, they think of using them for one
reason – to drive booth traffic. Most are overlooking one of the most powerful
uses of tradeshow promotional items – to build customer loyalty through
customer gifts.
The
number-one reason suppliers lose customers isn’t because of price or service.
Rather, customers leave because they feel their business is no longer
appreciated.
Mistake #4: Buying Items Based on Price
Managing against tight budgets – and even budget cuts – is something almost
everyone endures from time to time. Yet, when you have less money to spend,
don’t compromise your image with a cheaper version of a more expensive item.
For
example, if you have $1.00 to spend on each of your tradeshow promotional
items, you should be buying the highest quality item you can buy for a dollar.
Do not buy a cheaper version of a better quality item.
Mistake #5: Ordering Late
So what portion of your overall responsibility includes purchasing tradeshow
promotional items? 1% or less? This is probably the reason why so many buyers
find themselves ordering late and paying for rush service and overnight
shipping.
Advance
planning is essential when ordering products. You should place your order three
weeks in advance to accommodate art preparation (1 to 2 days), production
(standard 5 to 10 days) and shipping (ground 1 to 5 days).
Mistake #6: The Show is Over… Or is it?
You know feeling at the final hour, right? Phewfff… it’s over. If you are like
most exhibitors, you pack up your booth and wait until the next show to market
again. Yet, the companies that get the best results market continuously to
their show contacts throughout the year until the next show.
Mistake #7: One Size Does Not Fit All
If you’re planning to use tradeshow promotional items at your event, you need
to carry different levels of customer gifts to give to different customers.
Think about it this way – say you get 80% of your business from 20% of your
customers. Those 20% deserve most of your attention and appreciation.
You need to give them something fitting of their contribution to your success.