Do Trade Shows Still Work to Generate Leads?
As a business owner contemplating on building your presence to a trade show, your main reason for that must not be based on any kind of emotion such as apprehension; reason such as “the industry would not think that we are a strong market player if we are not present” should be erased from your entrepreneurial mindset.
Preparing a business tradeshow tactic must be based on a tangible calculated reason and not just because of the reason that, “you have to be there—or else” kind of mentality. You have to think that this move will make good business sense to your firm.
Let’s see—during the 90’s, tradeshow exhibitions proved to be the most effective and popular ways of how to generate leads and obtain business opportunities.
Then what happens now? Internet just exploded like wildfire and along with it, minimizing the reasons for prospective clients to visit tradeshows. These days, there are several avenues for marketing the value of your business. Sales prospects visit trade exhibitions for various reasons, but the manner in which these events are arranged are still most likely to be the same like it were for the last decades. And by the way, lower rate of show participants is equal to needing a greater rate of lead conversion in order to make sense of it all.
However, don’t get me wrong. Trade shows can still be a good method of lead generation and maintaining businesses. Nevertheless, agreeing blindly to exhibit in a trade show each year since “you always do it the usual way” minus assessing if it’s the best way to utilize resources, seems to be quite ill-considered.