
In
hard economic times one of the first things many companies
look at cutting back on is the marketing budget and attending
trade
shows is often a very first casualty. Trade shows
generate billions of dollars in sales every year and
rather than cutting this profit making activity from
the corporate sales effort there are powerful arguments
for actually gearing up with trade shows when the rest
of your competition are removing themselves from the
arena leaving their prospects and customers to you!
Trade
show attendance is not that cheap which is why many companies
look at this activity as a prime target for chopping
the cost. Marketing managers need to demonstrate attendance
is a good investment and the best financial indicator
is ROI or Return On Investment. You have two ways of
achieving a
higher
ROI - increase the sales over capital invested or
decrease the amount of capital you need to invest - it's
simple on paper not so easy in practice.
Investing in
all the kit you need to establish an eye catching display
will cost you tens of thousands in some instances but
you can equip your display team with a fraction of this
by using a pre-owned booth and display equipment. There
are a lot of companies who have withdrawn from the market
as part of their recessionary cost-cutting measures but
all they have done in reality is dump their exhibition
equipment onto the market which is saturated with pre-owned
gear.

You
can source excellent pieces of display equipment for
the fraction of the price and even better, when you come
to exhibit at a trade show you are going to be one of
a diminishing crowd of companies still exhibiting. The
low cost of investment now required with second hand
equipment will guarantee you achieve a high looking
ROI which
is going to help you persuade the bean counters that
cutting the trade show activities is not a good business
decision!
There is nothing you cannot source in the pre-owned
market and there is a thriving industry collecting and
refurbishing displays; the market is carrying a lot of
stock at the moment as a result of many businesses disposing
of items but you should take the time to find a specialist
who can source and put together a first rate display
for you. You may pay a little more for the service but
the result you will get will be a highly customized display
for your business which nobody will be able to distinguish
from being brand new.
Aside from generating a higher ROI,
you can also use the following to support your business
case in maintaining trade show attendance. Trade shows
are frequently viewed as a cost or overhead by financial
managers who fail to see the results of the contacts
and relationships generated in
sales
and marketing terms - the truth is, trade shows are
a profit center and cutting them from the budget is a
sure fire way of leaving the door open to your competition
to take your customers and business.
Working a trade show
on a budget can be difficult. But with creative marketing
and low-cost rentals like
plinko
boards, a
raffle
drum promotion, or
video
game attractions, you can keep cost down and still
have a great presence at the trade show. Additionally,
you might want to consider
event
photography -- a relatively low-cost and has a great
payoff once your guests see pictures of themselves having
fun! These are just a few of the many savings-conscious
tactics discussed in the article.
About the Author:
Brian Douglass is
the co-owner of Trade Show Joe, a leading provider of
used trade show displays, trade show displays, and trade
show accessories. Trade Show Joe can be found online
at: TradeShowJoe.com
Article Source: http://EzineArticles.com/?expert=Brian_Douglass