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Tuesday, November 03, 2015

How to Achieve Business Outcomes with Your Event Marketing Program

Written by  Duane Bailey

If your event managers are spending the bulk of their time on event logistics – shipping, delivery, set-up, staffing and tear-down of your exhibit booth and promoting it on social media – you may be missing the bigger picture. In the world of event marketing, booths are table stakes. While exhibit booths play a role in promoting your brand and engaging customers, event management requires a more holistic approach.

Achieving business outcomes involves other stakeholders in your organization, and requires a commitment to measuring and reporting on quantifiable results beyond the softer metrics of brand awareness and engagement.

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Your customers want to know how your products and services speak to their needs and interests. Your sales managers want to know how your participation at an event is helping their teams turn qualified leads into closed sales. And your executive management team wants to know how your presence at a show or event is contributing to business outcomes, like revenue and return on investment (ROI) goals.

To ensure your event marketing program is meeting the needs of your stakeholders and achieving your desired business outcomes, develop and implement a scorecard for evaluating the success of each show or event. As a starting point, consider adding the following quantifiable metrics to your scorecard:
• Number of visitors
• Most and least popular discussion topics
• Number and type of social media mentions of your brand, key messages and event hashtag(s)
• Number of qualified leads
• Number of closed sales
• Average revenue per closed sale
• Cost of participating in the show or event

Follow each event with a post-event assessment, inviting candid feedback from the various stakeholders within your organization. Review and report on your results. Develop and implement corrective actions, when necessary, to improve performance. Use the output of each assessment to quantify your ROI and to inform your participation in future shows or events.

Duane Bailey

Duane Bailey

Duane Bailey is a regular contributor to The Chief Storyteller® online conversation. He has helped organizations of all sizes drive growth in revenues and market share through the development and delivery of key business messages that resonate with target audiences. He holds an MBA in International Business and a BS in Marketing. He brings 28 years of experience in marketing communications and high technology sales.

Website: www.TheChiefStoryteller.com E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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