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Business Intelligence Services
opportunity
and threat
Most companies attend national trade shows and industry meetings for
one reason: to generate sales. According to a national survey, nearly
60% of respondents regard sales from trade show leads as the most important
objectives. Outside research garnered only 10% support as being an important
objective.
Trade shows represent a substantial financial investment to most
marketing budgets. Major companies exhibit in as many as 32 shows per
year (at an average annual budget of $250-500K). The more benefit that
can be derived from these substantial trade show investments, the better.
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A Critical Concentration of Intelligence
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The most valuable reason to attend a national industry meeting
is frequently overlooked. It is a "target rich environment"
in which those people most critical to your company's future are
gathered.
Gathering intelligence from competitive literature and anecdotal
information is like reading yesterday's newspaper. It's already
too late.
Who attends national trade shows?
Competitors
Your suppliers
Your competitor's suppliers
Industry analysts
Financial analysts
Editors
In short, the trade show presents an impressive collection of
industry influences, those with the most intimate knowledge
and most vested interest in the information that drives the industry.
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What Can Trade Show Intelligence Reveal About Your Competitors?
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There is an array of information you can discover in the open
forum of a national gathering.
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Plans & Intentions:
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new products
new technologies
new alliances
marketing initiatives
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Changes:
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pricing
distribution
costs
strategies
personnel
customer groups
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Knowledge is power. It can enhance decisions, provide warning,
and objectively confirm intuition. If you possessed this
information, how would if affect your decisions in the next
12 months?
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A Silent Threat
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Of equal importance to collecting critical information is
guarding against a counter attack. In the open forum of a
national meeting, you are especially vulnerable. From a casual
conversation on the exhibit floor to a chance encounter in a
hospitality suite, your company is exposed to those seeking
to uncover your plans and strategies. Are your personnel trained
against such attack? How will you know if your security has been
breached? Once known, can you turn it into an advantage?
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What are the Benefits of Trade Show Intelligence?
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Trade shows are a unique collection of venues:
exhibit floor, hospitality suites allowing intelligence
to be gathered from a variety of sources.
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Intelligence gathered professionally increases the
"warning interval" from competitors' intentions to actions.
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It's more cost-effective to collect information from multiple
sources in a concentrated event than one by one.
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Gathering intelligence at the show itself allows "real
time" validation of fact vs. opinion, truth vs. rumor.
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Why Trade Show Intelligence?
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While national meetings and trade shows are a major expense category
in your company's marketing budget, its real potential in terms of
net value to the company's future is virtually untapped. You can
capitalize on the opportunities to collect, monitor, and analyze
critical information. Trade Show Intelligence offers a systematic
process of highly ethical data collection during the course of the
meeting or event. We will train your personnel and develop a plan
to meet your predetermined intelligence objectives.
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Capture the Knowledge
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Learn more about the powerful tool that Trade Show Intelligence offers
your company. Call today for more information.
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