Y O U R D E C I S I O N M A K I N G P A R T N E R S T R A T E G I C E X H I B I T I O N A N D E V E N T M A R K E T I N G R E S E A R C H A N D M E A S U R E M E N T Exhibition Organizers and Exhibitors –A New ROI Tool for the Industry Skip Cox, President & CEO, [email protected]Exhibit Surveys, Inc.
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Y O U R D E C I S I O N M A K I N G P A R T N E R S T R A T E G I C E X H I B I T I O N A N D E V E N T M A R K E T I N G R E S E A R C H A N D M E A S.
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Y O U R D E C I S I O N M A K I N G P A R T N E R
S T R A T E G I C E X H I B I T I O N
A N D E V E N T M A R K E T I N G
R E S E A R C H A N D M E A S U R E M E N T
Exhibition Organizers and Exhibitors –A New ROI Tool for the
Industry
Exhibition Organizers and Exhibitors –A New ROI Tool for the
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com6
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20%27%
36%
54%
Purchase Intent (T3)
Unaware Aware Passive Active
Exhibit Engagement Drives Purchase Intent
Total Lift = 34% pts.
Unaware to Active lift range: +7% pts. to +45% pts.
Purchase Intent is Sales Validated – Good Predictor of Actual Sales
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com7
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-42-31
-6
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Unaware Aware Passive Active
Net Promoter Score*
Key Drivers of Purchase Intent
21%31%
43%
59%
Brand Fit (Top 2 Score)
Unaware Aware Passive Active
Unaware to Aware lift range: +18% pts. to +54% pts.
Unaware to Active lift range: +42 pts. to +132 pts.
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Total Lift = 38% pts.
Total Lift = 66 pts.
There is Both an Emotional and
Cognitive Component to Exhibiting that
Drives Results
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com8
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50%53%
68%74%
15% 12%18%
32%
Customers Non-Customers
Unaware Aware Passive Active
Customer vs. Non Customer: Purchase Intent
Unaware to Active lift range: +9% pts. to +89% pts.
Unaware to Active lift range: -9% pts. to +42% pts.
Total Lift = +24% pts.
Total Lift = +17% pts.
Trade shows contribute to both customer retention and customer acquisition.
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com9
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Staff Interaction Rate (SIR)Staff Interaction Rate (SIR)(Personal Contact Achieved With Prospects Attracted)(Personal Contact Achieved With Prospects Attracted)
56%
57%
58%
67%
65%
66%
64%
63%
60%
63%
59%
59%
62%
60%
50%
75%SIR
Industrial 55%
Medical 62%
Retail 54%
Hi Tech 50%
Source: Exhibit Surveys, Inc.
Less “Active” Engagement Today
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com10
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RExhibits Find and Help Convert New Customers
Purchased within 120 - 180 days after the show from each company
Customers represent the greatest opportunity for sales, but about 1/4 of company purchases and 1/3 of those personally involved in purchasing were from non-customers at the time of the show.
Company Purchased
Personally Involved in Purchase
All Attendees 27% Avg.Range = 2% to 51%
15% Avg.Range = 1% to 27%
Current Customers 20% Avg.Range = 2% to 38%
10% Avg.Range = 1% to 26%
New Customers 7% Avg.Range = 2% to 18%
5% Avg.Range = 0% to 15%
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com11
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RViral Effect of Exhibiting Extends Reach of ShowPost-show Word of Mouth Actions: Customers Non-Customers
All Active All Active
Discussed exhibitor's products seen at show with peers 17% 35% 9% 24%
Passed exhibitor's literature collected at show to supervisors 10% 20% 5% 14%
Passed exhibitor's literature collected at show to someone else 9% 16% 5% 10%
Recommended exhibitor's product(s) or technology seen at the show 9% 17% 4% 10%
Exhibiting influences visitors, large numbers of whom also influence their peers, something that advertising or most other marketing vehicles do not do.
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com12
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ROI TOOL KIT
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com13
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ROI Tool Kit
• Intended users: primarily for small/medium exhibitors – large exhibitors often have custom measurement in place
• Intended use:• Evaluate show potential and value – is exhibiting
justified?• Plan to maximize potential and ROI – what level of
investment is required and justified?• Measure reach of exhibit and potential for ROI
• “Tool”, not an exact science
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com14
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Factors Exhibitors Consider:• Profile of largest exhibitors• Profile and history of competitors exhibiting• Trends in attendance (health of show)• Geographical distribution of audience• Traffic Density• Size and Value of Potential Audience at
Show
Is Exhibiting Justified?
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com15
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Estimating Size of Potential Audience at Show:
Net AttendanceTarget Audience (demographics from reg. data) x % Interested x (product interest from survey)
= Potential Audience
3,781a
1,701b
.40c
680
(a) Net Linux World audited attendance excluding exhibitor personnel(b) 45% are targeted businesses and job titles(c) Used 40% interest in servers and server management software
Is Exhibiting Justified?
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com16
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Avg. No. of Vis./Hr. ( )No. of Pers. Needed ( ) = Salespersons Rate/Hr. ( ) 7
534
Number of personnel needed: Potential Audience
( ) Avg. No. of Vis./Hour ( ) = Total Show Hours ( )
34 680
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What Investment is Justified?
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com17
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Staff Interaction Rate (SIR)Staff Interaction Rate (SIR)(Personal Contact Achieved With Prospects Attracted)(Personal Contact Achieved With Prospects Attracted)
56%
57%
58%
67%
65%
66%
64%
63%
60%
63%
59%
59%
62%
60%
50%
75% SIR
Industrial 55%
Medical 62%
Retail 54%
Hi Tech 50%
Source: Exhibit Surveys, Inc.
Less Face to Face Interaction
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com18
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Amount of exhibit space needed:
Open Space ( ) = No. of Personnel ( ) x 50 sq. ft.
Total Space ( ) = Open Space ( ) + Occupied Space ( )
What Investment is Justified?
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10’
10’
10’
10’
Td = 4.0Td = 6.0
= Visitors = Booth Personnel
Ideal Traffic Density in Exhibit
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com20
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Amount of exhibit space needed:
Open Space ( ) = No. of Personnel ( ) x 50 sq. ft.
Total Space ( ) = Open Space ( ) + Occup. Space ( )
5
250 150 400
250
What Investment is Justified?
7 Hendrickson Avenue Red Bank, NJ 07701 (800) 224-3170 Fax: (732) 741-5704 www.exhibitsurveys.com21