08 Mar 2008 11:09:28 | Dick Wheeler
Tradeshow exhibitors often miss important leads at trade shows
because they have no lead development strategy. In addition,
according to the CEIR (Center for Exhibition Industry Research),
as much as 80% of trade show leads never receive any form of
follow-up.
One reason is that following up with unqualified leads from
trade shows is tedious. This produces disappointment,
frustration and inertia as you pursue the mind- numbing work of
trying (and failing) to get new business from your bag full of
tradeshow booth visitors' business cards.
There is a better way. The key is to identify and classify hot
prospects and the products and services they are interested in
buying. There are new, sophisticated software packages that
allow you to identify a half dozen weighted multiple choice
questions in advance that will determine how viable a client
prospect is. You need to identify the hot leads, filter out
those who are not qualified, and then measure your results. You
will be able to target qualified sales leads that have the
budget, time frame and ability to purchase your product. Your
screening strategy not only helps you zero in on qualified leads
but also helps you establish stronger relationships with your
best clients.
Rank your prospects as "A" (highly qualified), " B" (somewhat
qualified), or "C" (poorly qualified) prospect. When a prospect
arrives at your trade show display, your sales staff will be
ready to kickstart the sales process by using the software
package to help identify qualified leads.
Have your sales force follow up on "A" leads immediately the
day after the trade show to maximize your profit opportunity
from the trade show. By earmarking the key prospects, your sales
staff should be energized by their success in selling the right
products to the right client at the right time. Don't neglect
the "B" prospects from your trade show, but follow up with them
only after you have mined the hot lead lode.
Measure Your ROI
You will be able to measure your trade show return on investment
and justify your trade show exhibit expense if you carefully
track your qualified leads. Measure the results of these
qualified leads in every stage from the number and dollar amount
of proposals made to monies received from actual sales. Your
head of marketing can better justify the tradeshow expense to
the company CEO when showing solid business- producing results.
Dick Wheeler, is President of Professional Exhibits & Graphics,
headquartered in Sunnyvale, California. The firm is a
full-service premiere trade show exhibit, graphics and
management services company. Go to http://www.proexhibits.com/
About Author :
Dick Wheeler is President of Professional Exhibits & Graphics
headquartered in Sunnyvale, California. Dick has over 20 years
of sales and management experience and has won numerous awards
in sales and marketing.