Every year, more than 627,000 small business owners open their doors for the first time in the United States. For many of those business owners, that first year means overcoming tons of challenges.
One of the hardest parts of getting a business up and running is figuring out how to market your products. Though traditional marketing and advertising is a great place to start, it’s not the only thing you should do.
You need to attend trade shows to get your brand out there. If you’re not sure that attending a trade show is in your best interest, here are a few surprising reasons that will convince you otherwise.
- You’ll Build Your Network
The biggest benefit of attending trade shows for your business is being able to expand your professional network. These shows attract businesses of all varieties from throughout the country.
You’ll be able to meet people you’ve long admired in person and will be able to network with other business owners throughout the event. The more you network, the easier it will be to insert your brand into different markets. Those business owners will remember your company and products and can make recommendations to others looking for your services.
This makes it easier to extend your reach and generate sales that you otherwise wouldn’t make. That said, you’ll want to return the favor. If a client or customer has a need that one of your connections from the trade show can meet, give them the information they need to reach out.
- You’ll Improve Your Brand Awareness
One of the biggest challenges you face as a business owner is finding ways to increase brand awareness for your company. Though it’s relatively simple to do in your local area once you have an established customer base, it’s harder if you want to expand out of town.
Trade shows give you an opportunity to feature your company and showcase your products to a broader audience. This increased exposure means more people will remember your company and think about the services you provide when they need them.
That improved brand awareness means more sales in the long run and more predictable profits each quarter as you grow.
- Shows Help Generate Leads
Many of the attendees at trade shows are buyers looking for new businesses to partner with. This means you’ll have the opportunity to generate new leads with companies you may not know about prior to the show.
The more leads you can generate, the easier it is to grow your brand and increase your presence in the market.
Keep in mind that some of those leads won’t pan out, but many will. You’ll increase your prospective sales without having to spend money on additional advertising.
- You Can Scope Out Your Competition
According to the experts at Rockway Exhibits, one of the top reasons to go to a trade show is that you’ll have the opportunity to scope out the competition. The chances are great that there will be other companies in the same industry as your business.
Use this as an opportunity to see what types of products they’re offering and the types of marketing materials they’re using. You can then look at your efforts with a more critical eye.
If you notice things that your competition is doing well, you can try to mimic those efforts in your own company. You’ll be able to gain an edge against the competition by leveraging the things you learn at the trade show itself.
- Prospective Buyers Will Give You Feedback
When you attend a show, you’ll be interacting with prospective buyers in person. It’s your opportunity to showcase your products, but it’s also your chance to get feedback in real-time.
Remember, those prospective buyers aren’t already sold on your brand. They’ll look at your products closely to see if they’re interested in working with you. If they notice anything they love, they’ll let you know.
On the other hand, they’ll also point out flaws or potential issues with your products right there. This real-time feedback is something you should pay close attention to. It tells you what you’re doing right and what you need to do to improve your reach and attract more customers.
The only way you’ll get that kind of feedback outside of a tradeshow is through a private focus group. Focus groups take time to organize and often cost money that you’d rather spend growing your company.
- You’ll Meet Current Clients
Though many people attend trade shows to meet new contacts, it’s also a perfect place to meet your current clients. If you’re like most business owners, you have clients that you’ve never had the chance to meet in person.
If you’re both at the trade show, you’ll be able to meet them face to face.
This contact allows you to further strengthen your relationship with them. Their continued and enthusiastic support of your company means you’ll have steady sales and more predictable growth in the future.
- You May Find New Employees
Trade shows aren’t just a great way to get the word out about your product. It’s also an ideal place to find new employees.
Pay attention to the people visiting your booth and the types of questions they ask. If they seem to be in the market for a new job, don’t hesitate to give them your contact information.
If they’re enthusiastic enough to approach your company at the event, they’ll be enthusiastic workers if you hire them.
Head to the Next Trade Show
These are just a few great reasons to attend an upcoming trade show. Once you do, you’ll see just how beneficial the events can be for your business and your planned growth.
Just make sure to research the competition before you go. This way, you’ll be able to create a great trade show booth that will help market your company at the event.
Once you have a few new connections and leads from the show, you’ll need to follow up with them to discuss their needs. Check out our latest posts for more tips to help you close those future sales with ease.