Alexis Exhibits

Tradeshow Display Lighting – Is LED the Way to go?

Trade Show Display Lighting Can Make Your Booth Stand Out From The Competition

The explosion of LED lamps and fixtures onto the trade show display scene has changed the face of lighting going forward. Ten years ago, lighting companies’ could not produce enough lumens from an led, whereas today, certain types of LED lamps and fixtures rival traditional incandescent in light output. Although this might be a reason to consider using led over traditional lamps, and, aside from their “green” technology for the “sustainable” people out there, there are just as many cons to consider.

If you don’t pack extra LED lamps and fixtures in your set-up kit, it might be very hard to replace them if something breaks. Sure, a local contractor or hardware store might have something similar, but with all of the product lines, and the variety of manufacturers out there, getting an exact match will be tough on the fly.
Advice: Pack an extra box of lamps, and a spare fixture if using LED.

It’s amazing the reduction in energy consumed by LED over traditional incandescent or arc lamps. Couple this with the promise of “long Life” and you have what would seem to be an environmentally friendly “green dream” come true. Beware, all that glitters is not green. Or rather, all that is green does not glitter, at least not for long. What’s this? Well, certain 100,000-hour lamps have a tremendous amount of light degradation over the life of the lamp. What “popped” and rendered beautiful color new, will fade and dim over time. So even though it may last 100,000 hours, you will certainly not want to use it after 40,000 as the lumens emitted fall, and the color rendering degrades dramatically.
Advice: Do a little homework, and don’t buy the cheapest lamps.

There are many uses for LED lamps in a booth, however, understand, throw distances are still limited versus traditional spot or flood lamps. If you are lighting a jewelry case, or smaller product from a close distance, LED may work just fine to add that extra “pop”. However, attempting to get a full wall wash or focus a spotlight from a distance will be tough if you try to wing it with LED. Understand the throw distance for a particular lamp before you specify it in a booth. Throw distance is the distance from the face of the lamp, to the item you are attempting to light. Also taken into consideration, should be the width of the lighting pattern, and light lost over the throw distance.

Advice: Don’t just use LED thinking it is the panacea for all things green, understand what you are trying to light, and the impact LED may, or may not have.

Do Tradeshow Logistical Costs Influence the Decision to Exhibit?

In difficult economic times, companies look closely at every expense.

When money is tight, they must decide whether it is still wise to allocate resources to areas that may have been a “no-brainer” in stronger markets. Naturally, marketing expenses are no exception, and trade show exhibiting can be a large portion of many companies’ marketing budgets. The cost of logistics for tradeshow exhibiting (freight, drayage, setup, electrical, etc.) can be substantial. As a result, it will almost certainly be a candidate for the chopping block when executives start cutting back.

However, the decision to exhibit in a show is seldom based entirely on logistical costs. As long as advertised attendance figures are favorable, and the following items are true of a show, a company will find the funds to exhibit.

  • The company has something to show it’s customers, both current and potential.
  • Their competitors will be attending.
  • Their biggest customers will be attending.

They may scale back their exhibit space, look at alternative ways to make a presence, or just complain about having to spend the money, but one way or another, they’ll be there. It’s a difficult reality, but in business, perception is important. When a company doesn’t attend a major show, the first thing attendees think is that they must be either in dire straits financially, or that they had nothing to show, and therefore are not worth considering as a vendor. Companies must carefully consider all the potential areas of impact before deciding not to attend a show.

Looking for areas to trim your tradeshow exhibiting budget? Let’s Talk.

Tips for Designing Effective Exhibit Graphics

Exhibit design is a powerful reflection of your brand and, in fact, part of your branding. Trade show booths involve your company logo, products and employees. They serve as giant, interactive business cards.

So, even if you’re not making a huge investment in exhibit design, it’s worth revisiting the core elements of your branding to make sure all the pieces of the puzzle fit together. Here, we’ll take a quick look at graphically and lyrically spicing up your exhibit booths.

Trade Show Graphic Design

A competent exhibit company should be able to provide you with exhibit designs that effectively communicate your brand. You may even wish to incorporate into this process your in-house or consulting graphic designer.

  • Embrace your three-dimensionality. Most of your branding materials are probably flat, “conventional” pieces. Graphic designers jump at the opportunity to work with exhibit designers to breathe fresh life into larger, 3D displays.
  • Maintain focus. While it’s tempting to incorporate every bell and whistle within your budget, visitors will lose interest quickly if they can’t figure out what’s going on. Speak to your specific offerings and value-added features relatively early in the engagement process.
  • Consistent with the 3D theme, reach out and grab your audience’s attention. You’re not only trying to engage people at your booth but those down the aisle and across the room.

Trade Show Custom Copy

A bit more innovation is possible with your written materials than with your brand graphics. While you can’t and shouldn’t change your logo for every trade show, show-specific copy is an excellent idea.

Written materials can be customized–partially, at least–for each trade show you participate in. Keep everything as short and concise as possible. Making sure that the information is timely will help you to stand out from the crowd, especially if your competitors’ materials have gone stale. Engage your customers and support your sales and marketing strategies with a custom trade show booth.

Is Your Trade Show Exhibit a Good Investment?

Many marketing executives can’t completely answer this question. They essentially repeat what was done in previous years with slight variations in execution. Taking a moment to analyze your trade show goals and results can help you find new ways to acquire more customers and make your trade show investment really pay off.

Trade shows are expensive, but they can also be one of the best sales and marketing investments your company makes. Trade show exhibits provide unparalleled opportunities to forge stronger customer relationships, win-back old customers and acquire new, high-value customers. But you should expect this effort to deliver more.

Maximizing your Trade Show Exhibit investment

  1. Incremental sales and profits
    Track your results and determine your Trade Show ROI. More information about how to calculate your Trade Show ROI.If your trade show ROI is not acceptable, then look for ways to make improvements. First, look for gaps in sales and customer tracking to ensure that the data is accurate and complete. Next, make sure that the shows selected were good choices and had significant attendance from your target customers.

    Then look for marketing gaps: ineffective or no lead follow-up, insufficient planning, staffing issues or other reasons that the shows were not productive. Once you identify an issue, you can adjust your strategy and improve results.

  2. Improved competitive position
    Did your company strengthen relationships with current customers, increase brand awareness, launch a new product that differentiated your company, expose your company and products to a new market? Generally, did your trade show investment help position your company for future sales gains and market share increase?If your trade show exhibit doesn’t improve your market position, then carefully evaluate your strategy. How can you adjust your trade show marketing plan to outdo your competition?
  3. PR and Investor Relations
    Did you generate meaningful press coverage? Did your company’s trade show presence result in improved perception of your company in the investor community? Do you get any significant consumer education opportunities from the show?If your trade show attendance has not been a PR opportunity, it is a promotional gap that should be evaluated for potential for your company.
  4. Market intelligence
    Trade shows are an excellent way to gain competitive intelligence. They also can be used for market research and provide an excellent opportunity to gain customer insight.If your trade show isn’t providing your company with market intelligence, develop a plan to maximize this unique opportunity to gather both the latest competitive info and to learn more about your customers.

Have you analyzed your trade show investment? Are you satisfied with your results?

Marketing Strategy Session: Tracking Trade Show ROI

Today, I read a survey and was shocked to learn that fewer than 20% of trade show exhibitors track the ROI (Return on Investment) from their trade show campaigns. After I thought about it a moment, however, I realized that this is not that surprising. Most sales and marketing activities are not carefully evaluated so why should a trade show be any different?

Why track Trade Show ROI?

Trade shows are one of the most productive ways to reach new qualified prospects and generate significant incremental sales. If you do not track and measure the success of the show, your company may make the decision to eliminate a critical trade show event and loose sales without ever knowing it mattered. Beyond this, there are other reasons to analyze trade show results and determine how successful you are. An ROI analysis can provide you with information about the most productive elements of your trade show campaign and help you optimize future trade show efforts.

How to measure Trade Show ROI

The first step is to gather the data needed to calculate the ROI.

  1. Determine the total costs of trade show and directly associated events. This is the Trade Show Marketing Expense. Include everything include staff, travel, collateral material and follow-up sales and marketing expenses.
  2. Estimate the Total Incremental Sales from the show. This is… Total show sales plus New leads in the pipeline and expected sales from these new leads usually based on historic conversion rates plus Incremental sales from existing customers that are the result of the trade show effort.
  3. List the other benefits of the show, including:
    Strengthening relationships with current clients.
    Increasing brand awareness.
    Consumer education efforts.
    New product introductions.
    Investor relations and improving perception of your company in the financial community.
    New market introductions.
    Public relations including editorial coverage.
    Competitive intelligence.
    Customer insight and research.

Once the data is collected it is simple to calculate the ROI.

Total Incremental Sales times Net Margin Rate = Net Margin Dollars
Net Margin Dollars less Trade Show Marketing Expense = Profit Contribution
Profit Contribution divided by Trade Show Marketing Expense = ROI
(typically expressed as a percentage.)

So, for example if…..

Total Incremental Sales = $3.5 million
Net Margin Rate = 16%
Trade Show Marketing Expense = $230,000

Then the ROI would be…..

Net Margin Dollars: $3.5 million times 16% = $560,000
Profit Contribution: $560,000 less $230,000 = $330,000
ROI: $330,000 divided by $230,000 = 143%

So in this example, the trade show marketing ROI was 143% plus any other benefits like those listed in #3 above.

What’s your tradeshow ROI? Have you tracked it? Do you plan to?