Trade Show, Fair The Fair is a marketing event with special characteristics. When you know these characteristics and act accordingly, you will further.

Slides:



Advertisements
Similar presentations
Ekaterina Buzulukova Objectives of the research 1. To examine types of market entrance strategies 2. To show phases of relationship development process.
Advertisements

SELLING AND SALES MANGEMENT
Attending Trade Fairs A Guide for Domestic and International Events written by The Center for Simulated Business Services at Mercer County Community College.
Pricing and Strategies
Marketing Research Marketing Information Systems.
Presentation made by 3D High School G.B. Bodoni.  What is it? Business Plan is a planning document that describe in detail the business project and allows.
Trade Show, Fair The Fair is a marketing event with special characteristics. When you know these characteristics and act accordingly, you will further.
Small Business Resource Power Point Series Virtual Tradeshows.
Define Research Problem. 2 Management objectives: –To solve current problem facing company –To improve efficiency –To plan for future Current problems.
Chapter 21 Nature & Scope of Marketing
Marketing Plan.
What Is Selling? Objectives
McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. 2-1 Drivers of Change in Selling and Sales Management Building.
Essential Standard 3.00 Understand the role marketing in business. 1.
Chapter 30 product planning Section 30.1 Product Development
The Business Plan.
Outline of Quality assurance and accreditation
Handout 4: Post-event actions
Military/ Veteran’s Home Buying Guide
Edward De Valle Exciting Internet Marketing Ideas That Anyone Can Use
Preparing Your Sales Pitch
The World Is Open For Business. Yours.
Personal selling Selling a product/service to the consumer by explaining or demonstrating its features Very expensive but effective method Results depend.
EXHIBITOR PRE-SHOW MARKETING CHECKLIST
Business Model Competition
MGT301 Principles of Marketing
Measuring efficiency of exhibition participation
Market Research Unit 5 - slide 13.
Are Trade Fairs Marketing or sales tools?
SIX WAYS TO INCREASE YOUR RETURN ON INVESTMENT AT MCEE
MGT301 Principles of Marketing
Auditing exhibition statistics The CENTREX way
Identify Sport/Event Trends
Opportunity Recognition
Principles of Marketing - UNBSJ
Ch. 23, Developing New Products
Business Model Competition
Market Research Unit 3 P3.
ADVENTURES IN ENTREPRENEURSHIP
NEW PRODUCT DEVELOPMENT
Marketing Information Management
NEW PRODUCT DEVELOPMENT
How do we go there goals setting and strategy
What Is Marketing?.
Opportunity Recognition
Conducting a Feasibility Analysis and Designing a Business Plan
Selling Sports and Entertainemnt
Understanding the Marketing Mix and Marketing Plan
Making Your Sales Pitch
1 Hour Training Bubbles Sales Objection Handling Model
The Six Steps in New Product Development
2/24/2019 2/24/2019 Marketing Why have marketing at Athenium? 3. Where are we today? 4. Where do we want to be? 5. What does Amy do?                                       
The Value of Market Research
Situation & Environmental Analysis
Opportunity Recognition
SEM Acquire Foundational Knowledge Of Marketing Information Management To Understand Its Nature & Scope.
Chapter 8 The Marketing Plan
Functional areas of an organization
Key terms & New product development
$100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500.
Chapter 30 Product Planning.
Distribution, sale, marketing
Adventures in Entrepreneurship
Some More Business Vocabulary and Interviews
BY Dr.F.X.VIRGIN FRAGA M.COM., B.Ed. M.Phil.Ph.D ASSISTANT PROFESSOR
Management Information Systems
Objective 5.02 The Price Strategy.
The Selling Process - Individual Sales
Lesson 3.2 Product Planning
How to win “Local Business” Customers
Presentation transcript:

Trade Show, Fair The Fair is a marketing event with special characteristics. When you know these characteristics and act accordingly, you will further your possibilities for a success considerably. 1. Give five reasons why you should attend a Fair. a) As an exhibitor b) As a visitor / guest 2. At a Fair, some companies are more successful than others. Why ? Participating at a Fair is expensive. There is a saying that attending a Fair, without readily thought targets, is a waste of money. What targets should you have ? 4. Arranging of a Fair is strictly business. The success at a Fair depends partly on the arranging organization. What requirements do you put on this company ? 5. Work at the Fair is hectic and tiresome. It may well be that you will forget important issues. It is advisable that you prepare yourself by making a questionnaire to be filled with the customers. What information do you wish the customers to give ? 6. At a Fair, people act as they were in a group. This happens both to the exhibitors and the visitors. This heardbehaviour works either in your favour, or it can be a nuisance. You can either use it, or you can let yourself to be used by it. It is amazing how much a person is willing to do if he is only kindly asked to do so. Make a plan on how your personnel works on a customercontact. a) In its preliminary phase b) In its middle phase c) In its end phase. 7. The follow up of a Fair is an important part of the total operation. This may be the final key to success. What important tasks should be done after the Fair ? How are you going to do them ?

Why participate at Fairs ? Fairs attract the customers, high concentration, place & time Customers come to the seller => new customers Personal contact to new / old customers Searching for new partners / assisting the agents - distributors More sales, Sales Promotion, making the Company & Products familiar => customer makes his buying decision later Real product presentation, testing of product concepts, => getting information, distributing information, closing of sales Presentation of novelties / testing of compet. strength, => R & D Getting new ideas Get a feeling of market situation and trends Get a quick and broad view of what is at the market Comparison, Competitors / Competing solutions etc.

Success at a Fair The real reason for a success is a systematic plan, - not better lay-out nor booth nor spending of more money. The plan has clear justifications for the participation. In addition, it has specific targets to which all activities are adjusted. Pre plan Selecting of a Fair Is it necessary to participate ? How ? What do we want from the Fair, what are our targets ? With what products hould we participate, why ? The booth and its functions Estimate of the customers who will attend the Fair Invitation letters / cards to the customers ...what is the key message... Own personnel and their workplan Selecting of exhibits, final checks, packing, sending and planning the return At the Fair You work according to the plan. Othervice, you may end up in a mess, wasting both your and the customers energy and time. Follow up Everything is predesigned and ready to be carried out. Whatever you promise at the Fair, keep your word !! The customers will remember your promises, => consequences…

Targets for the participation at Fairs Write down the Targets. Direct sales ? Contracts ? Sales Promotion ? Enlargening of the customer base ? The growth of sales is in itself not a sufficient target, you should specify : to whom, what products, how many, how, when, at what price etc. etc. Survey of customer need, decisionmakers, knowledge level, decision criterias, purchase quantities and time schedules. Give product training to customers. Main features can be distributed to a large group effectively. Making the company known. Strengthening of the company image. Testing the competing strength of own products. Possibly product modification or decision to stop with a product (-palett). Follow the product cycles and R&D status. Competition situation. Who, what products do the competitors have and with what arguments are they sold ? What is the technical level of their products ? What is their way of acting ? Who are their customers ? etc. Product- and marketideas can be received from allover : customers, other visitors, competitors, in the buss, at the cafeteria etc. It is worthwhile to have some topics rehearsed and all the time keep the ears open. Making contacts with key persons, networking, searching for partners. Searching for representatives / agents / distributors. Giving assistance to their activities.