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Maximizing Your ROI at Trade Shows


            At-Show Sales Techniques
                                   With

                      Melanie Wood
                                        Of



            M.H. Wood Consulting
                             March 3, 2010



            MHWood Consulting LLC,
             all rights reserved 2010        1
Maximizing Your ROI at Trade Shows

 This presentation was originally delivered in a live 3-part
  webinar series at www.PlannersConnect.com , Successful
  Meetings magazine’s community for meeting
  planners, exhibitors, business travel and other industry
  professionals.

 We recommend you follow the link below to...
      View all three recorded webinars
      Download the handouts, workbooks, tip sheets and articles
      Join the discussion group for this event , post your own questions

 Click here: http://bit.ly/ROI-Webinar-Group
      Registration and the webinars are free and privacy-protected

                        MHWood Consulting LLC, all rights
                                reserved 2010                               2
Maximizing Your ROI at Trade Shows

       Agenda
            Brief Review

            Response Group Discussion Question—
              How Do I Capture Quality Leads at a Trade Show?

            Why Selling at Trade Shows is Different from a
             Regular Sales Call
            Five steps to Developing your At-Show Plan to
             Maximize Your ROI at Trade Shows
                        MHWood Consulting LLC, all rights
                                reserved 2010                    3
Maximizing Your ROI at Trade Shows


“Exhibitions can be compared to a portable
  version of your company that is
  temporarily placed in a unique type of
  shopping mall that attracts an exclusive
  set of shoppers. It brings sincere buyers
  and sellers together.”

   **Trade Shows. . . Their Hidden Value During These Uncertain Times; Marc Goldberg and E. Jane
   Loirmer, White Paper written for Skyline Exhibits



                        MHWood Consulting LLC, all rights
                                reserved 2010                                                      4
The Sales Process

                                                             Make
Identify    Qualify       Set      Travel to  Face-to-Face
                                                             The
Prospect   Prospect   Appointment Appointment   Meeting
                                                             Deal




          At a quality trade show, you can see many
       prospects face to face when they're most focused
        and receptive to your message and “ready to
                                 buy”
                        MHWood Consulting LLC, all rights
                                reserved 2010                       5
Maximizing Your ROI at Trade Shows

On-Line Group Discussion Question:

 How do I capture quality sales leads when I
  exhibit at a Trade Show?




                MHWood Consulting LLC, all rights
                        reserved 2010               6
Maximizing Your ROI at Trade Shows

I’d like to hear from you now. Tell me what a
  quality sales lead is for you/your company…
For example:

 Is it a company in a certain geographic region?
 A company with a certain number of employees?
 A company with a a certain budget amount to spend on
  your type of product/service?
 A company looking to make a buying decision in the next
  4 weeks? 6 weeks? 3 months?
 CHAT
                  MHWood Consulting LLC, all rights
                          reserved 2010                 7
MHWood Consulting LLC, all rights
        reserved 2010               8
Maximizing Your ROI at Trade Shows



 A word about Electronic Lead Forms…




            MHWood Consulting LLC, all rights
                    reserved 2010               9
Maximizing Your ROI at Trade Shows

              Golden Nugget to Remember!!

 Collecting Quality Sales Leads helps to build your
  customer database and allows for some excellent
  and very customized follow up!

      More about Follow-Up in Webinar Session #3




                   MHWood Consulting LLC, all rights
                           reserved 2010               10
Maximizing Your ROI at Trade Shows

                               At-Show
Five Reasons you can’t sell the same way at a
  tradeshow:

  1.) Visitors get a large dose of information in a short time
  2.) Visitors are talking to your competition at the show.
  3.) Visitors are tired.
  4.) Visitors are usually members of a team who make
      buying decisions.
  5.) Visitors give you only minutes to capture their
      attention during the show as opposed to a 30
      minute or 1 hour sales call.
                  MHWood Consulting LLC, all rights
                          reserved 2010                     11
Maximizing Your ROI at Trade Shows


 So --- what does the actual selling encounter
  consist of at the show?????




                MHWood Consulting LLC, all rights
                        reserved 2010               12
Maximizing Your ROI at Trade Shows

                              AT-SHOW
                        The Actual Selling Encounter

Engagement of Prospect . . . . . . . . . . . . 3 seconds
Prospect Profile Matching . . . . . . . . . . . 30-45 seconds
Qualification of Prospect’s Needs . . . . . 3-6 minutes
Communicating your message
and next step . . . . . . . . . . . . . . . . . . . . . . 60 seconds
___________________________________________
Total Time . . . . . . . . . . . . . . . . . . . . . . . . .less than 8
    minutes
                      MHWood Consulting LLC, all rights
                              reserved 2010                          13
Maximizing Your ROI at Trade Shows


Let’s move on…..

   You’re at your booth. It’s the moment
   you’ve been waiting for—a prospect stops

What next???

               MHWood Consulting LLC, all rights
                       reserved 2010               14
Maximizing Your ROI at Trade Shows

                Step #1                         At-Show

o    On-floor engagement - 3 seconds
    o   Use a product or situation specific question to engage
        the prospect.
    o   How familiar are you with our line?

    o   If the prospect is looking at a particular piece/product
        in your booth, mention something unique about the
        process that was used to create the piece and ask if
        they’re familiar with it.

                   MHWood Consulting LLC, all rights
                           reserved 2010                    15
Maximizing Your ROI at Trade Shows

                   Step #1                         At-Show
o       On-floor engagement - 3 seconds

o       If you represent a specific property and have
        videos/photos of it that the buyer is looking at, mention
        something specific about it…
    o      I see you’re looking at the mountain vista on the
           video/photo. How familiar are you with that
           part of the country?

                      MHWood Consulting LLC, all rights
                              reserved 2010                    16
Maximizing Your ROI at Trade Shows

          Step #1                        At-Show

      Let’s Role Play this for a moment…

I’d like to hear examples from you of “on-floor”
      engagement questions that you could ask!

    Please send them to me now…CHAT


            MHWood Consulting LLC, all rights
                    reserved 2010                  17
Maximizing Your ROI at Trade Shows

                Step #2                          At- Show
     Prospect Profile Matching                             30- 45 seconds
o    Once you’ve engaged the prospect in conversation, how do you find out
     quickly if you could do business together?
o     Here’s how…
    o    “What properties/products have you used as incentives for your
         employees?
    o    “What price points are you looking for?”
    o    “What employee incentives have you found to be the most
         successful for you?
    o    “How are you involved in the buying process for your
         company?”
                       MHWood Consulting LLC, all rights
                               reserved 2010                                 18
Maximizing Your ROI at Trade Shows

                   Step #3                          At-Show
o    Qualification of the prospect’s needs 3- 5 minutes
o    If you’ve determined the prospect is a good one for your
     property/product, you’ll want to find out exactly how and to what extent.
     That means it’s time to learn more about their specific retail needs by
     asking the right questions.
o     Here’s how …
    o    “What are the top three things you expect from a
         planner/property/rewards program vendor?”
    o    Tell me more about the scope of your reward/award program. How
         many employees will vie for the reward/award? Etc…
    o    What’s your decision making time frame?”

                       MHWood Consulting LLC, all rights
                               reserved 2010                              19
Maximizing Your ROI at Trade Shows

              Step #4                     At-Show
Communicating your message and determining the “next
   step” 60 seconds

o    At this point you’ve listened to your prospect and
     gathered sufficient information to know this is a good
     prospect for you. So…how do you move forward?

o     Here’s how…..
    o   It looks like our product/service/property
        meets the criteria you’re looking for. What
        would you MHWood Consultingas the next step?
                    like to see LLC, all rights
                          reserved 2010                       20
Maximizing Your ROI at Trade Shows



   What insights did you get from
    today’s session?



         MHWood Consulting LLC, all rights
                 reserved 2010               21

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Maximizing Your Trade Show Roi At Show

  • 1. Maximizing Your ROI at Trade Shows At-Show Sales Techniques With Melanie Wood Of M.H. Wood Consulting March 3, 2010 MHWood Consulting LLC, all rights reserved 2010 1
  • 2. Maximizing Your ROI at Trade Shows  This presentation was originally delivered in a live 3-part webinar series at www.PlannersConnect.com , Successful Meetings magazine’s community for meeting planners, exhibitors, business travel and other industry professionals.  We recommend you follow the link below to...  View all three recorded webinars  Download the handouts, workbooks, tip sheets and articles  Join the discussion group for this event , post your own questions  Click here: http://bit.ly/ROI-Webinar-Group  Registration and the webinars are free and privacy-protected MHWood Consulting LLC, all rights reserved 2010 2
  • 3. Maximizing Your ROI at Trade Shows  Agenda  Brief Review  Response Group Discussion Question—  How Do I Capture Quality Leads at a Trade Show?  Why Selling at Trade Shows is Different from a Regular Sales Call  Five steps to Developing your At-Show Plan to Maximize Your ROI at Trade Shows MHWood Consulting LLC, all rights reserved 2010 3
  • 4. Maximizing Your ROI at Trade Shows “Exhibitions can be compared to a portable version of your company that is temporarily placed in a unique type of shopping mall that attracts an exclusive set of shoppers. It brings sincere buyers and sellers together.” **Trade Shows. . . Their Hidden Value During These Uncertain Times; Marc Goldberg and E. Jane Loirmer, White Paper written for Skyline Exhibits MHWood Consulting LLC, all rights reserved 2010 4
  • 5. The Sales Process Make Identify Qualify Set Travel to Face-to-Face The Prospect Prospect Appointment Appointment Meeting Deal At a quality trade show, you can see many prospects face to face when they're most focused and receptive to your message and “ready to buy” MHWood Consulting LLC, all rights reserved 2010 5
  • 6. Maximizing Your ROI at Trade Shows On-Line Group Discussion Question:  How do I capture quality sales leads when I exhibit at a Trade Show? MHWood Consulting LLC, all rights reserved 2010 6
  • 7. Maximizing Your ROI at Trade Shows I’d like to hear from you now. Tell me what a quality sales lead is for you/your company… For example:  Is it a company in a certain geographic region?  A company with a certain number of employees?  A company with a a certain budget amount to spend on your type of product/service?  A company looking to make a buying decision in the next 4 weeks? 6 weeks? 3 months?  CHAT MHWood Consulting LLC, all rights reserved 2010 7
  • 8. MHWood Consulting LLC, all rights reserved 2010 8
  • 9. Maximizing Your ROI at Trade Shows  A word about Electronic Lead Forms… MHWood Consulting LLC, all rights reserved 2010 9
  • 10. Maximizing Your ROI at Trade Shows Golden Nugget to Remember!!  Collecting Quality Sales Leads helps to build your customer database and allows for some excellent and very customized follow up!  More about Follow-Up in Webinar Session #3 MHWood Consulting LLC, all rights reserved 2010 10
  • 11. Maximizing Your ROI at Trade Shows At-Show Five Reasons you can’t sell the same way at a tradeshow: 1.) Visitors get a large dose of information in a short time 2.) Visitors are talking to your competition at the show. 3.) Visitors are tired. 4.) Visitors are usually members of a team who make buying decisions. 5.) Visitors give you only minutes to capture their attention during the show as opposed to a 30 minute or 1 hour sales call. MHWood Consulting LLC, all rights reserved 2010 11
  • 12. Maximizing Your ROI at Trade Shows  So --- what does the actual selling encounter consist of at the show????? MHWood Consulting LLC, all rights reserved 2010 12
  • 13. Maximizing Your ROI at Trade Shows AT-SHOW The Actual Selling Encounter Engagement of Prospect . . . . . . . . . . . . 3 seconds Prospect Profile Matching . . . . . . . . . . . 30-45 seconds Qualification of Prospect’s Needs . . . . . 3-6 minutes Communicating your message and next step . . . . . . . . . . . . . . . . . . . . . . 60 seconds ___________________________________________ Total Time . . . . . . . . . . . . . . . . . . . . . . . . .less than 8 minutes MHWood Consulting LLC, all rights reserved 2010 13
  • 14. Maximizing Your ROI at Trade Shows Let’s move on….. You’re at your booth. It’s the moment you’ve been waiting for—a prospect stops What next??? MHWood Consulting LLC, all rights reserved 2010 14
  • 15. Maximizing Your ROI at Trade Shows Step #1 At-Show o On-floor engagement - 3 seconds o Use a product or situation specific question to engage the prospect. o How familiar are you with our line? o If the prospect is looking at a particular piece/product in your booth, mention something unique about the process that was used to create the piece and ask if they’re familiar with it. MHWood Consulting LLC, all rights reserved 2010 15
  • 16. Maximizing Your ROI at Trade Shows Step #1 At-Show o On-floor engagement - 3 seconds o If you represent a specific property and have videos/photos of it that the buyer is looking at, mention something specific about it… o I see you’re looking at the mountain vista on the video/photo. How familiar are you with that part of the country? MHWood Consulting LLC, all rights reserved 2010 16
  • 17. Maximizing Your ROI at Trade Shows Step #1 At-Show Let’s Role Play this for a moment… I’d like to hear examples from you of “on-floor” engagement questions that you could ask! Please send them to me now…CHAT MHWood Consulting LLC, all rights reserved 2010 17
  • 18. Maximizing Your ROI at Trade Shows Step #2 At- Show Prospect Profile Matching 30- 45 seconds o Once you’ve engaged the prospect in conversation, how do you find out quickly if you could do business together? o Here’s how… o “What properties/products have you used as incentives for your employees? o “What price points are you looking for?” o “What employee incentives have you found to be the most successful for you? o “How are you involved in the buying process for your company?” MHWood Consulting LLC, all rights reserved 2010 18
  • 19. Maximizing Your ROI at Trade Shows Step #3 At-Show o Qualification of the prospect’s needs 3- 5 minutes o If you’ve determined the prospect is a good one for your property/product, you’ll want to find out exactly how and to what extent. That means it’s time to learn more about their specific retail needs by asking the right questions. o Here’s how … o “What are the top three things you expect from a planner/property/rewards program vendor?” o Tell me more about the scope of your reward/award program. How many employees will vie for the reward/award? Etc… o What’s your decision making time frame?” MHWood Consulting LLC, all rights reserved 2010 19
  • 20. Maximizing Your ROI at Trade Shows Step #4 At-Show Communicating your message and determining the “next step” 60 seconds o At this point you’ve listened to your prospect and gathered sufficient information to know this is a good prospect for you. So…how do you move forward? o Here’s how….. o It looks like our product/service/property meets the criteria you’re looking for. What would you MHWood Consultingas the next step? like to see LLC, all rights reserved 2010 20
  • 21. Maximizing Your ROI at Trade Shows What insights did you get from today’s session? MHWood Consulting LLC, all rights reserved 2010 21