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Measuring efficiency of exhibition participation

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1 Measuring efficiency of exhibition participation
Károly Nagy Arad, March 31, 2005 CENTREX

2 Why we, exhibition organisers need to get involved?
We need satisfied, loyal and returning exhibitors who are ready to invest in participation pay us for our services they must feel we are trustworthy, real assistance to their success to show that their success is what matters it also gives us self-confidence

3 Who needs to measure? Exhibitors Visitors (they pay us the most)
and Visitors (they are the most important)

4 Let exhibitors realise, that …
They must set their goals well before the show they come without real goals They must set measurable goals Or transform their goals into measurable, quantifiable

5 Where to measure success?
Sales Customer relations Market research Brand building, support of distribution channels Media relations

6 Why to measure? To justify their investment
To help them to select the right exhibitions To improve their activity To promote goal-oriented activity

7 What will they know? (when measuring participation results)
Exhibition itself Market situation and position Own activity Activity of competitors

8 Measuring methods, tools:
Exhibitors themselves must develop! They establish their objectives, set their own actual goals, They know possible measure points, indicators They know how to measure them They must measure it They must evaluate it

9 What can we do? Tell them, push them that they do
Give them guidelines, assistance. Only after setting goals, measuring results can they say an objective, realistic evaluation of our fairs, exhibitions Tell exhibitors (and visitors) what exhibitions are best suited for

10 Measurable, quantifiable goals
Help them to formulate what to do Try to establish, set measurable even in quality matters We must let them know not advised to set and measure too many targets clearly rank their goals, making priority

11 Ask questions at organisers
What kind of visitors are expected to the fair, Where do the come from, Why do they come, What are the objectives of the visitors, Their average purchasing power, What other exhibitors have set as targets earlier Set right, realistics targets

12 Their right follow-up Starts well before the show:
seting targets modelling expected partners, visitors developing measuring instruments developing suitable tools measure do the follow-up evaluate Well prepared follow-up system and materials

13 Exhibition is the best To get to know what are the demand
personal expectations as well as business demands of the market, of the visitors.

14 Categorising visitors
Large order. Ready to buy Small order, ready to buy or large order, long time frame Small order, long time frame Need information materials or add name to database Others (e.g. press

15 Measuring efficiency of sales
Strategic Goal Suggested Metrics Notes & suggestions Generating sales leads Number of A, B, C leads, etc. Use quality rating system; Use your sales conversion rate to measure value of leads Direct sales Orders taken / Revenue At show, and in following weeks months Don't forget lifetime value of new customers Building contact database Number of new contacts Use quality rating

16 Measuring customer relationships (1)
Strategic Goal Suggested Metrics Notes & suggestions Building relationships with current customers Number of customers met & recorded You might pre-determine a desired action (e.g. a demonstration) for customers Educating customers Number of 'update' sessions held Upselling / Cross-selling customers Number and value of sales to customers At show, and in following weeks, months Don't forget lifetime value of new customers

17 Measuring customer relationships (2)
Strategic Goal Suggested Metrics Notes & suggestions Generating customer testimonials Number and quality of quotes won Regaining lapsed customers Number and value of lapsed customers met Follow & record successes

18 Market research Test marketing a new product or service
Strategic Goal Suggested Metrics Notes & suggestions Test marketing a new product or service Number & quality of feedback sessions Survey form? Questionnaire? Test marketing campaign or offer Test a different offer each day? Researching brand awareness / perception

19 Brand Building (1) Building brand awareness
Strategic Goal Suggested Metrics Notes & suggestions Building brand awareness Number of *gross impressions at, during, after show Number and quality of seminar / demonstration attendees Calculate equivalent value of these impressions if bought as advertising Positioning / re-positioning brand *Gross impressions of specified message delivery Beyond 'logo viewings'

20 Brand Building (2) Demonstrating benefits
Strategic Goal Suggested Metrics Notes & suggestions Demonstrating benefits Number and quality of seminar/demonstration attendees Boosting financial analyst / investor perceptions Editorial coverage in financial / business press Developing new markets Number/quality of leads from new market Including new contacts sector or country

21 Channel Building Finding new distributors/partners
Strategic Goal Suggested Metrics Notes & suggestions Finding new distributors/partners Number/quality of partners met or signed up Consider likely lifetime value Supporting current sales channel Number of dealers/partners met Building your reputation as a partner Number/quality of prospective partners met

22 Public Relations Generating editorial coverage
Strategic Goal Suggested Metrics Notes & suggestions Generating editorial coverage Column inches / broadcast minutes gained Pre-, during and post-show Building relationships with editors and journalists Number of editors / journalists met Calculate equivalent value of these impressions if bought as advertising Quality of interaction AEO UK

23 UFI Workshop highlights
Some examples from UFI Workshop highlights (Munich, January 28, 2005)

24 Messe Berlin Matchmaking (ITB)
collecting business proposals from exhibitors mandatory, to pay for it collecting visitors interests (in advance) computerised matchmaking before the show between exhibitors and visitors and visitors and visitors method: Internet platform

25 Schott Glasswaren Management of key performance indicators
Industry captains need compact and quick justification to decide Their exhibition department managers need support – from organisers as well (“We are in the same boat”) Managing key performance levels Tools to set / define exhibition targets Tools to strengthen an argumentation pro exhibition Developed a cockpit-version of indicators (key indicators) Exhibition PromotoR (Balanced Scorecards)

26 VNU Return on investment with guaranteed business
Plus calculation tools

27 AUMA Cost efficiency measurement (vis-á-vis other media)
Calculation tools with (MesseNutzenCheck) Input of goals And input of costs of exhibition and other media Results: projection of efficiency Available at


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