Modern Opportunity

 
 

Business opportunities for Long Island and the world!

 
 

A publication of Lexicon Express, Inc. Francine York, publisher

 

Welcome! to the April '04
Modern Opportunity Newsletter/Ezine
Special EXPO 2004 Edition, Part 1

Thank You for Subscribing to this FREE and Very Informative Monthly Newsletter/Ezine*

Announcing...the next Long Island, NY
Business Opportunity EXPO*
will be held in October 2004

*for more information about the EXPO...call: (631) 673-3208 or Email fran@modernopportunity.com

NEW SERVICE...Modern Opportunity offers all EXPO supplies and printed promotional items at discounted prices!

Want advertising info on placing a solo ad, ezine ad, or ad on the Modern Opportunity website?
Yes! I want more info re: low cost advertising

Read Andrew Linick's article...12 Guidelines to Ensure Your Success at Trade Shows

Read Andrew Linick's article..."Trade Shows … Where Prospects Come to You!"

Read Richard Hendershot's article..."Websites and Trade Shows, part 2...Using Your Web Resources to backup your Trade Show Marketing efforts -- During the Show"

Read Andrew S. Linick's article..."How to Have Your Product Exhibited FREE at Trade Shows Without Having to Pay for Traveling Expenses or Booth Rental"

Read Richard Hendershot's article..."Trade Show Tips...Gathering Trade Shows Leads"

Read Keith Reznick's article..."How Sales Professionals Leverage Shows and Events"

Read Tip of the Month

Read Inspirational Quotes

Read about Francine York, publisher of Modern Opportunity Website, ezine, newspaper and Expo

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Success Quotes of the Month:

"Now is no time to think of what you do not have. Think of what you can do with what there is."
---Ernest Hemingway (1899 - 1961)

"Don't die with your music still in you" ---author unknown

"Remember, all the answers you need are inside of you; you only have to become quiet enough to hear them."
---Debbie Ford, Personal Growth Coach

"There are always a lot of people so afraid of rocking the boat that they stop rowing. We can never get ahead that way."
---Harry S. Truman (1884-1972) 33rd U.S. President

"Every one has a fair turn to be as great as he pleases."
---Jeremy Collier (1650-1726) Clergyman

"Worry affects the circulation... the heart... the glands... the whole nervous system and profoundly affects the health. I have never known a man who died from overwork but many who have died from doubt."
---Charles W. Mayo, surgeon

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Dear Subscribers,

This newsletter is for you, my email "door" is always open, so please feel free to email me directly
with any ideas, comments, topics you would like to read about, etc.... ________________________________________________________________________________________

TIP of the Month

Open in New Window

Have you ever been at a site and saw a link you wanted to follow? You almost click the link, but then decide that you want to finish looking through the web page you're currently on. What should you do?

Next time you're faced with the question above, right-click the link you want to follow and select "Open in New Window" from the resulting menu (you can also hold down the SHIFT key while you left-click). A new browser window will open and display the new page.

I use this trick all the time when using a search engine. I'll do the "Open in a new window" trick each time I see a link that looks interesting. Sometimes I'll get pretty deep into that site, and would have to back out quite a ways, which can be annoying.

Since the rest of your search results ready and waiting for you when you're finished exploring a link, simply close that page and you're right back to the search engine, and you know exactly where you left off.

Tip by Bob Osgoodby, publisher of Tip of the Day

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"Trade Shows … Where Prospects Come to You!" by Andrew S. Linick, Ph.D.

Where can you meet and sell hundreds or even thousands of potential customers? One of today's best strategies for making your selling easier, less costly and more profitable is to become an exhibitor at a trade show.

Perhaps you're familiar with word association. That's when someone says a word and you express the first thing that comes to mind. When someone says "trade show," I think opportunity. Every year thousands of domestic and international trade shows offer opportunities for sellers and buyers to meet face to face…to comparative shop (shortens the buying process)…to introduce new products or services…display a positive image… maintain contact with colleagues and old clients…investigate the competition and conduct market research.

A trade show is a unique selling medium. It reverses the traditional equation by bringing the buyer to you, the seller, making it even more of a selling situation. Since you're in business to sell and merchandise your product(s) and/or services, a trade show is designed to help you sell in volume through different distribution channels.

Setting Goals

Let's say that you're considering getting involved with a trade show. What outcome or results do you hope to achieve? You'll need to set goals. Of course your prime goal is to sell more products or services. Here are other examples of specific trade show goals our clients have come up with:

o Enter new sales territories and/or establish new distribution channels.
o Build a list of prospective clients/customers
o Attract new distributors, representatives, licensees, etc.
o Introduce and demonstrate new products, product-lines, technical services, marketing policies and services.
o Market test new products for customer acceptance and desired design changes to improve performance, appearance, and convenience in use.
o Enhance company's image as a viable, participating industry force.
o Stimulate sales, advertising, promotion, and technical personnel to work together more closely.
o Bring together key executives, sales personnel, dealers and distributors, for seminars and workshops, training and promotion conferences, in addition to the usual purposes of the show.

Once you know what you want a trade show to produce, you'll need to prepare a detailed plan for achieving these results.

Planning

The two most important keys to getting what you want from a trade show are choosing the right show and meticulous planning. With that said, it's critical that you begin early preparations-as far ahead as a year for major shows. Are you surprised?

There are many decisions to be made-booth space (size and location), administrative details, staffing, assignment of responsibilities, developing a show schedule and exhibit concepts, determining work to be done in-house and by outside vendors, advertising and publicity, and making transportation and accommodation arrangements.

One person should have overall authority and responsibility for planning, coordinating and implementing the exhibit-someone in marketing, preferably from advertising, promotion or sales. This person should immediately notify everyone who directly or indirectly may be involved with the project about the planning, preparation and conduct of the show. An outline of each individuals specific responsibilities-who they should coordinate with, and a schedule of dates when specific results are desired, should be put in writing.

Remember, develop your annual schedule of shows at which you will exhibit as early as possible. You need time to evaluate all the major shows so that you exhibit in the right ones.

Major Considerations

When I decide which are the right media for clients to advertise in, I go through this same process. These are some of the factors you'll need to consider when determining which trade shows are best for you. Evaluate them in relation to the goals you want to reach. Consider:

1. Concurrently run competitive trade shows
2. Markets reached
3. Attendance
4. Visitor distribution by industry
5. Job classifications of attendees
6. Distribution of visitors geographically
7. Show sponsor
8. Physical location of exhibit booth in relation to levels, auditoriums, entrances, traffic loading docks (not too close-too much traffic; not too far-time and cost), etc.
9. Presentations, technical papers
10. Topics of speeches, seminars, workshops
11. Ventilation, lighting, utilities, services provided by show sponsors, etc.

Where can you obtain this information? Through the exhibit sponsors. Ask for a show prospectus that contains data on the cost schedules for various booths, booth layouts, union labor considerations, setup/teardown times, utility costs, and any other pertinent information. Previous show results are the source for most of the projections about audience makeup.

Find out where and when Trade Shows are taking place:

o Gale's Encyclopedia of Associations (check your public library)
o Tradeshow Week Magazine (213) 826-5696
o Tradeshow Week Data Book (617) 964-3030
o Trade Show Bureau (303) 860-7626

Then put together a worksheet comparing all your available information and make a selection of the shows that best suit your purposes. Next to each of them, add key information corresponding to your needs. Contact management for each show on your list and request a workbook describing services available, restrictions, and other data valuable in planning your booth.

Exhibits and Displays

A book could be written about this topic alone. Keeping in mind your objectives, you need to determine size and style… the best mix of product(s) to showcase… what proven sales techniques to use… demonstrations… and the selection of sales/technical staff to close sales at the show. Perhaps you can create and tie-in a theme related to your direct response advertising, sales promotions, and your overall direct marketing action plan.

Remember to concentrate on achieving maximum response impact on attendees, while maintaining your company's brand image.

Lure visitors into your booth. How? Think about the following as you plan to utilize the area you've staked out at trade shows. Ask yourself if your exhibit and display concept meets these criteria.

Will it capture people's interest and attention?

o Conveys a unified concept
o Attractive and meaningful, orderly
o Is quickly and easily absorbed and understood
o Arrangement allows two-way communication with visitors

Will the selected staff manning the booth meet visitor expectations?

o They are qualified to answer technical and application questions.
o They are familiar with price, delivery, discounts and service information.
o They are neat, courteous, alert and well-trained with a specific purpose in mind.

Are the products, live demonstrations, displays and models ho-hum or unique?

o Are distinct from prior years
o Are not normally shown by field salesmen
o Demonstrate applications flexibility, benefits, ease of operation, performance advantages (facts, not abstract exaggerations), and end results
o Are continuously run to avoid long waits
o Are not static; visitors to booth can participate rather than observe

Will the handout materials meet visitor's needs?

o Contains the pertinent information, combining technical (i.e., engineering data) and cost information, including trade discounts
o Explanations are understandable, interesting and informative
o Can be sent to visitors after the show to limit all the "baggage" they carry around (just be sure to follow-up on such requests)
o Additional literature is available simply by filling out an inquiry/request card, or by attaching their business card to the form (don't forget to pack a stapler and staples!). This provides you with sales leads and limits literature getting lost or thrown away at the show.

The most effective advantages you can obtain in doing a trade show-or for that matter, any time a crowd gathers-is to show the product at work. When you show a product in action in a unique or unusual way, great crowds are attracted and far more product is sold. The educational value of an action or working product type display is tremendous. Our experience has been that a definite sales impression stays with attendees after they leave, making the entire exhibit pay for itself threefold.

Well, all of this is just the tip of the iceberg. There's still a lot left to be done, beginning with preparing budgets, in which you'll need to price your plan for each element (most of which can be done at the same time you plan), executing show space contracts, conducting pre-show promotions and preparations, and more-but that's another story.

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"12 Guidelines to Ensure Your Success at Trade Shows" by Andrew Linick, Ph.D.

1. Set goals. The types of people you need to meet and learning what shows they attend determines the shows you need to attend.

2. Be proactive and interact with people who pass. If you wait for people to stop and ask questions, you'll miss many opportunities.

3. Attend immediately to people entering your booth. Make sure you have at least two people in your booth that can engage people walking by and interact with browsers. People hate to wait and they'll move on.

4. Develop a 60-second presentation-a quick and to-the-point presentation that describes your product/service and the benefits offered.

5. Stress benefits-your oral presentation and booth displays should communicate instantly your product and service benefits. Interesting signs, displays, a large photo, a video or even music will draw people into your booth.

6. Qualify your prospects:

è Is there a need for your product/service?
è Can they afford it?
è Are they the decision-maker?
è Can the prospect influence the purchase? Where do they fall in the hierarchy?
è Be aware of body language.
è Establish date of application or purchase.

7. Probe and interview for buying cues. Listen for words like "when" can I order this or "can" I get it.

8. Keep a notebook handy. Record prospect information and get a business card that you can jot down relevant information on.

9. Present the benefits and features of your product/service. Stress "what's in it for them" -what can they save, gain or accomplish by purchasing your product/service.

10. Be credible and offer proof. Testimonials, articles, guarantees, pictures of people using your product or service, radio and television interviews, etc. should be available to give or send them.

11. Set up a closing agreement or arrange appointments at the show. If appointments are set for a later date, give them an appointment card stating that you will call at a certain time in the future. Show attendees look at a lot of different exhibits. Don't let them forget you.

12. Follow-up after the show. The biggest mistake many exhibitors make is that they fail to follow up. Your time and the expense of the trade show will be a disappointment, if you fail to follow up.

Copyright © 2004 by CCA. All Rights Reserved!

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"Websites and Trade Shows, part 2 Using Your Web Resources to backup your Trade Show Marketing efforts -- During the Show"by Richard Hendershot

The question is "How can I use my website to support and enhance my presentation at the show?" Two things come immediately to mind:

1. Use it as a resource people can use right at the show.

2. Use it as a reference point -- a place where you direct people to find more information, special offers, and then get them on your follow up list.

1. Use Your Website as a Resource at the Show

The idea is that you have a computer or two set up right at the show where people can look at your product lines and special promotions. This does not necessarily require an internet connection. Having an actual connection has its pros and cons -- apart from the obvious cost and inconvenience involved in getting it set up.

Create a special website just for the show and put it right on the computer. No need for an internet connection. Keep it simple. Just focus on the objective at hand, which is to give people a reason to check out your products or services once they get "home". What you're trying to do is generate pre-qualified leads.

Build in a lead generation "system" to collect information on pre-qualified prospects. This could be an online form with the information stored locally on the local computer. Or probably better, just a response card they can fill out and stuff into your response box.

2. Use Your Website as a place to direct Prospects

Using your website as a reference point for prospects is really a no-brainer, right? Everybody at the show says: "For more information, check out our website." The problem is, with 50 or 100 websites to check out once your visitors get home, yours is likely to get lost in the shuffle.

You must give prospects a reason to look at your website. Create a valuable special offer they can only access online. Make a strong, clear "pitch". Put it in the form of a "valuable coupon", something like this: "Get $40 off your next purchase when you register online."

This encourages your prospect to keep the handout, and also encourages them to respond by going to your website and having another close look at your special offer. Tie in your online registration form with an autoresponder. So now when somebody registers online, they will automatically be sent a series of messages over a period of weeks or months. This is a perfect way to keep in touch with your prospects without having to worry about it. The system takes care of it for you. All you do is fine-tune the messages and handle the sales enquiries. A "system" like this gives you an automatic advantage over your not-so-organized competitors. What could be better than that?

Related Information: Handouts that Stick Around After the Party Promoting with Autoresponders Get Display Bucks and Free Software here If you haven't received your $10 Display Bucks Coupon and Free Software, there's still time. Just follow this link.

Quik-Tips from Here and There

For your first trade show, consider renting the smallest possible booth. You'll be learning a lot about what you do and don't want to do in future shows, so it's usually best to keep your expenses lower while you learn by trial and error. trade-show-booth-display.com Don't leave your laptop behind, from exhibitornet.com If you've ever forgotten to gather up all of the items you sent through the x-ray machine, you're not alone. Thousands of people forget belongings - especially laptops - at screening checkpoints every day. Here are two tips from the Transportation Security Administration to make your stroll through security hassle-free.

- Label your computer with your contact information, including name, address, phone, and cell phone number. That way they'll be able to page you before you take off.

- Put all the metal objects you normally remove before going through security checks in your carry-on bag instead. This includes loose change, keys, jewelry, mobile phones, pagers, and PDAs. That way you'll avoid losing something valuable in those plastic buckets the airports provide. Meanwhile, security personnel will have just one item to check - your bag - and you'll get through faster.

Focus your objectives for your next trade show, Colin Green, Best of Show You can download this worksheet to help you select from 100 possible objectives. Download Here You can download this worksheet to help you select from 100 possible objectives. Download here. Have a photo of your most recognizable product on your business card. You may also want to use the same photo in your trade show booth display. Trade show attendees collect dozens of business cards during the event, and when they get home it's hard for them to remember why they wanted your card, or what you sold. A photo on your card will remind them, and will often save your business card from the wastebasket! www.trade-show-booth-display.com

Related Information:

Handouts that Stick Around After the Party
Promoting with Autoresponders
Get Display Bucks and Free Software here
If you haven't received your $10 Display Bucks Coupon and Free Software, there's still time. Just follow this link.Link

Copyright 2003. Richard Hendershot, For More Info Tons of articles

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"Trade Show Tips...Gathering Trade Shows Leads" by Richard Hendershot, Tradeshow-display-experts.com

The most tried and true method of gathering trade show leads is the business-card-in-the-fish-bowl (BCIFB) method. Place a container such as a box or "fish bowl" somewhere near the entrance or exit point of your booth. Clearly mark it "Add your Business Card for More Information on our Products", or something like that, and you're in business.

All the most commonly used lead generating systems are variations of the BCIFB method. Your specific "system of choice" for generating trade show leads will depend on these two factors:

1. How do you filter out "garbage leads"?

2. How do you provide an incentive to your MWLs (Most Wanted Leads) - the people most likely to buy your product - to register?

"Garbage Leads"

So-called "garbage leads" are always a concern in any lead generating effort. You don't want to waste time and money contacting people who have no interest in your product/service. The negative value of garbage trade show leads will depend on your follow up strategy. If you plan to enter each contact name in a database and then pursue a systematic follow up strategy that includes telephone, email, and snail mail, then the cost of garbage leads gets magnified. On the other hand, if your plan doesn't go beyond a one-step follow up (email, snail mail, or phone call), then the negative value of garbage leads is not that big a deal.

The easiest way to filter garbage leads is to ask people to fill out a simple "Yes I am interested" form. So instead of them throwing a business card in your fish bowl, you're asking them to stop, fill out a form, and place it in a kind of "registration box". You can make your form as brief or as complicated as you like. Obviously the briefest form will get the highest response.

Just the act of having to write something down will be a deterrent to many show surfers. If it seems like it would be too negative (resulting in you filtering out leads you really want), then you could simplify the system by attaching a stapler to a chain(!) and asking interested people to just staple a copy of their business card to the registration form. This has several important advantages:

1. You get the contact information you want.
2. You filter out those with absolutely no interest.
3. You catch the maximum number of prospects by reducing the hassle of registering.
4. You get people without business cards.

Incentives to "Register"

Sometimes you want the maximum number of trade show leads possible. "Qualification" is not that big a deal because either you have the "system" to handle extra garbage leads, or your garbage quotient is very low. What does that mean? Simply that your product has a very broad appeal, and that virtually everyone is a candidate. Obviously no product is completely un-targeted; but equally obviously, some products (e.g., many consumer goods) have a much broader target group than, for instance, specialized industrial goods.

In the case of broadly targeted goods, you may want to get the maximum number of trade show leads so you can send your sales team to work on them - especially if there is no major cost or downside in doing this. (But beware, there's always a cost of some sort!) This is when you should provide an "incentive" to get people to "sign up".

What kind of incentive? Usually it will be some sort of giveaway: "Sign up and we'll send you a valuable X." Where "X" is your premium of choice: pen, hat, balloon, bag, etc, etc. Of course you don't have to send it after the show, either. You can have a "info for hat/pen/bag" trade right there at the show, if you think you can tactfully manage it ("Give me your name, and I'll give you a hat." Hmmmm.)

Another type of premium rapidly gaining popularity is the "digital" item: software, music, "e-books", digital services of one kind or another. The nice thing about these is that they can be delivered online - so there is no significant cost. For example, you could say "Register and we'll send you 5 free e-books." (a popular tactic used for internet sales). Then your follow up can consist of an email greeting-plus-pitch along with the link to their premium. Pretty painless. And there are lots of free e-books out there just crying out to be given away (because they have subtle embedded links and promos in them). Or you can create your own, and embed your own promotions.

The other popular incentive is a "draw", where you give away something of perceived value: a vacuum cleaner, a bicycle, a gas barbecue, a computer, etc., etc. Or if you have some high margin products of your own (e.g., the wedding photographer), you can give away some of your own products or services as an incentive for trade show leads.

This can get expensive, but only you know how much you should be "paying" for trade show leads. If your product has no built-in premium space, and if your conversion rate increase (by giving a premium rather than not), is negligible, then obviously you should not give premiums.

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"How to Have Your Product Exhibited FREE at Trade Shows...Without Having to Pay for Traveling Expenses or Booth Rental"
by Andrew S. Linick, Ph.D., One of America¹s Top Trade Show Direct Marketing Experts

What happens when you have a product to exhibit at a trade show but you can¹t afford to rent the boot? What if the show is out of town and you can¹t afford the traveling expense? There is still a way for you to get your product exhibited at no cost to you. I call it the Piggyback Method and I¹ve used it many, many times with great success.

Create your own money-making machine in your absence!

First contact the people who are putting on the show. Then get a list of last year¹s exhibitors and a list of exhibitors who have already signed up for the current year. Next you (or hire a professional direct response advertising copywriter at a cost of $500 per page) to write a benefit oriented sales letter to several of these exhibitors. You describe your product¹s benefits with great enthusiasm and include your best offer.

Not only is the offer you make the key to success or failure, but the way in which your offer is presented will have an equally dramatic effect on your results. Let¹s take a look at three ways to say the same offer:

1. Half Price!
2. Buy one‹get one free!
3. 50% off!

Which offer did you choose as having the best deal? Although each statement expressed the same offer‹number two outpulled offers one and three by better than 40 percent. Consumers perceived the statement ŒBuy one‹get one free!¹ as the most attractive offer.

Now getting back to what to offer an exhibitor, you offer her some sort of deal to exhibit your product in her booth. A 10% commission on sales or exclusive sales rights in a particular territory (regional, by state, county, zip code) can do the trick. The types of arrangements you make are different in each case. They depend on your product or service the proper markup, the exhibitor and you. This concept has worked for my clients and myself many times!

A few years ago we had a small premium product that was a good item but did not warrant our going from New York to Los Angeles for the National Premium Show. We sent samples of our premium to half a dozen exhibitors and got back three acceptances from which we selected the top exhibitor. Not only did we get wonderful exposure on our product at no cost to us, but the exhibitor turned out to be one of our best sales representatives on that product! They bought in over $75,000 in extra sales we would not have received from that one national trade show. Using this idea think about your unlimited possibilities!!

If You Want to AttendŠ Here¹s How to Get Other Exhibitors to Pay Your Expenses

When you exhibit at a trade show, don¹t wear merchandising blinders. If you are manufacturing a product that can fit into another person¹s line and s/he¹s exhibiting at the same show, go over and visit her. Many times you can make enough in a single sale to that one exhibitor to pay for the entire cost of the show. In addition, we have always been successful in selling merchandise at the show directly to jobbers, distributors and curiosity seekers who visit our booth. There have been many cases where this extra money has more than paid for our travel expenses and booth rental.

Editor¹s note: Since 1968, Trade Show and Direct Marketing Genius Andrew S. Linick, Ph.D. has been sharing secrets for increasing client annual sales from 25% to 500% using tested creative selling methods. He has helped grow more than 500 companies, including five div¹s of the Grumman Corporation, Time, Inc., R.I. Mortgage Store, Universal Nutrition Corp. and Yahoo.com. An international speaker, Dr. Linick conducts worldwide seminars/workshops and delivers keynote speeches for several trade associations, corporations and groups, including The National Newsletter Assn., American Marketing Assn., L.I. Direct Marketing Assn., Travel Associates, SPATA - Society of Polish American Travel Agents and Meeting World. Email linickgrp@att.net or visit http://www.lgroup.addr.com Phone: 631.924-3888.

© 2004 by Andrew S. Linick, Ph.D. All Rights Reserved.

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How Sales Professionals Leverage Shows and Events By Keith Reznick, President of Creative Training Solutions

Many Sales Executives and their sales teams have recognized that face-to-face contact is more important than ever in today's business ever changing business environment where, among other things:

Most products, services and solutions are perceived as commodities.

Mergers and acquisitions have prospects and customers wondering "Who am I doing business with anyway ..."

Most customers can't define their best suppliers' current capabilities.

Most marketing, sales and sales support personnel can't properly answer the question "Tell me a little bit about your company..."

The stereotypical view is that most sales people don't want to work shows and events. Like most stereotypes, this one isn't necessarily true. More and more, salespeople are recognizing that shows and events are evolving from marketing events into marketing and sales events. They've learned that for many prospects and customers, a show or event is the one and only time they will ever have face-to-face contact with anyone from their company.

Shows and events as sales activities are, more than ever, the most cost-effective and time-efficient way to:

Create sales opportunities

Accelerate the buying and selling process

Ensure that prospects' and customers' perceptions are updated and accurate

Differentiate a company, its people and its capabilities

Reduce or eliminate competitive options

Enhance existing relationships

Why do salespeople stereotypically not want to work a show? One answer is the opportunity cost. A salesperson with a $1 million budget has an opportunity cost of $500 an hour. A rep with a $2 million budget means is expected to sell $1000 an hour, fifty weeks a year, forty hours a week. If a sales person is asked to work a three day show, they often think "Three days at the show, a day for travel and a day to get caught up - a five day investment. At $500 an hour, my opportunity cost is $20,000." A two million dollar budget translates into an opportunity cost of $40,000. From this perspective it's not difficult to understand the stereotype about salespeople and shows. Thankfully, more and more sales professionals are realizing that if they plan properly, they can often accomplish as much (if not more) at a show or event than they would in a month or more in the field! How can they do this? Let's take a look.

Goal: Generate qualified leads in the most time-efficient manner

Lead generation - identifying new sales opportunities - with either existing or new customers, is an ongoing need for a professional salesperson. At a well-attended show, the average booth worker will generate two to four good leads for each hour in the booth. At a three day show which is open seven hours a day, the average booth worker will generate between 42 and 84 leads. To be conservative, cut the number in half and say that the average booth worker will generate 20 to 40 leads. Ask a salesperson how many long it would take to generate a comparable number of leads through canvassing, telemarketing, an e-mail blitz or any other marketing vehicle. To increase the number and enhance the quality of leads generated, a salesperson should be involved before, during and after the show.

Pre-show activities including:

Working with marketing to develop a lead form that captures specific qualifying information -- from a salesperson's perspective - including the size of the opportunity, timing of the decision, budget, the person's role in the decision process, competition, etc.

Supporting marketing's pre-show promotion efforts by providing lists of:

o Existing and former customers
o Prospects from other divisions or departments of existing customers
o Hard to reach decision makers
o Geographically dispersed prospects

" Making follow up phone calls to increase the number of attendees that visit the booth
Pre-arranging appointments with priority names from the pre-show promotion
At-show activities including:

Providing the trade show or event manager with their list of pre-arranged appointments
Conducting all of the appointments they've arranged
Supporting their associates and not just focusing on own accounts or territory

Post-show activities including:

Quickly following up on leads generated
Tracking post-show contact and lead conversion activities
Reporting these activities and revenue generated to help calculate the show or event's ROI
Goal: Enhance competitive posture and relationships

In order to enhance their competitive posture and relationships with existing customers, reduce or eliminate competitive options with active sales opportunities, many sales people are pre-arranging meetings that include:

Tours of the exhibit to ensure that prospects' and customers' perceptions are updated and accurate
Executive-to-executive appointments to build or enhance relationships at the decision making level of the customer organization
Demonstrations of products or equipment that would otherwise be difficult to display
Personnel the customer would generally not have access to including technical people, research and development staff, senior managers, PR and others

To derive this value, a salesperson should support:

Pre-show activities including:

Scheduling and coordinating the appropriate people for the at-show meetings
Establishing and conveying to their associates specific goals and objectives each meeting
Providing background information to all involved to help them prepare for, and be productive at, each meeting
Defining and helping to secure whatever resources will be required
Working with the trade show or event manager to help coordinate the venue where the meeting will occur (other than in the booth)

At-show activities including:

Checking the meeting venue, its set-up, audiovisual, food etc.
Conducting the meeting
Debriefing with associates after the meeting

Post-show activities including:

Following up to honor commitments made
Tracking their post-show or post-event activities
Reporting results and revenue as appropriate

Goal: Accelerate the decision process

According to research conducted by the Center for Exhibition Industry Research (CEIR.org), shows and events reduce the number of sales calls required to close business. From the trade show manager's perspective, this is a quantifiable value (savings on sales calls) that should be factored into any ROI calculations being done. Sales people derive quantifiable value by accelerating the decision process in several ways.

Properly planned and executed at-show meetings will often reduce (or completely eliminate) the number of competitive options being considered by a prospect or customer. A second way the sales person derives value is by being able to do multiple things at a show as compared to doing the same things in the field, one meeting or task at a time. The salesperson can guide the buyer to a decision faster at a show or event than if they tried to accomplish the same things in the field. The time saved can be quantified and they can use this "found" time to create or pursue other sales opportunities. To derive this value, a salesperson should be involved with:

Pre-show activities including:

Scheduling as many appointments as possible with prospects and customers who are actively involved in making a purchase decision
Arranging for the appropriate resources and personnel required to move they buyer or buying team through as many steps in the buying process as possible

At-show activities including:

Confirming that the meeting has been staged properly
Conducting the meeting
Debriefing with associates after the meeting

Post-show activities including:

Following up to honor commitments made at each meeting
Tracking their activity after the show or event
Reporting their activities and revenue generated as appropriate

Goal: Develop competitive insight

A show can help a salesperson develop a better understanding of their competitors' products and services, capabilities and solutions, strengths and weaknesses. Although it's rare that they will get information about specific products and services that they don't already have or could get off the internet, they will still be able to gather additional insight into their competitors' strategies, solutions, key messages etc. To derive this value, a salesperson should be involved with:

Pre-show activities including:

Developing goals, strategies and plans to develop competitive insight
Coordinating these activities at a show
Developing a list of specific competitors
Developing a list of specific questions to ask or information to gather
Assigning specific competitors to specific people at the show

At-show activities including:

Executing the strategy and plan

Post-show activities including:

Collecting, assembling and then redistributing all of the competitive information captured at the show
Developing plans relating to how to use the information gathered

Shows and events offer tremendous opportunities and quantifiable return to professional salespeople. Those who dread shows will continue to do so until they understand, and quantify, they value that can be derived through active participation in shows and events.

This article was written by Keith Reznick (Email Keith), President of Creative Training Solutions (www.creativetraining.com). His company delivers training programs for exhibit workers as well as a curriculum of workshops for professional salespeople. Creative Training Solutions recently introduced an online version of The Trade Show Advantage® as a compliment to the live version of the workshop, one of the most well attended (over 30,000 people have participated) and successful courses in the world for teaching event workers how to interact with prospects and customers more effectively on the show floor

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A personal message from the publisher...

How I became a proud, single, work at home grandma.

My name is Francine York, publisher of Modern Opportunity Web site and newsletter. I welcome you to what is fast becoming the quintessential business opportunity web site. Not only will you find a wide variety of interesting and profitable opportunities; but you will find services and products as well. Feel free to browse the site and read the many informative articles and columns geared to assisting you in becoming a successful entrepreneur. My email "door" is always open to you; so email me anytime and you will receive a personal reply from me.

And now, about my background and how I came to publish this site and newsletter... Due to budget tightening, my job at a not-for-profit agency was cut back to part time. Because I needed more of an income, I set out looking for a new position. At about the same time, my daughter and son-in-law gave me the wonderful news that they were expecting their first child and my first grandchild! My joy was boundless until the reality of economics deflated my euphoria. My daughter would have to go back to work three months after the baby was born. I started envisioning he/she being cared for by strangers in a day care setting. Fortunately, when I had my three children, I was able to stay at home until the youngest was in full day nursery school; but she could not financially do the same.
EUREKA! It suddenly became crystal clear...I would stay home and care for my grandchild.

First I headed for my financial advisor to review my finances and see if I could do this. He politely and firmly said, "Get a job, send your grandchild to day care like so many others do; sell your house; giveaway your three dogs; and rent a small apartment, then maybe you can afford to stay home." Needless to say, I was horrified and angry. You see, I had recently separated from my husband of many years and could no longer rely on him to help with the income.
The more people told me what a crazy idea this was, the more I was determined to do it! I began looking in the classifieds for home based business opportunities. Most listings were for opportunities for which you needed a great deal of money; and that I would not be able to run from my home. That was not going to do. Unfortunately, at the time, I was not knowledgeable about the myriad business opportunities available which can be operated from the home. Finally, I saw an ad for newspaper for sale. The same week my grandson, Ethan Jacob, was born (May 11, 2002), I became the new owner of a business opportunity newspaper. Since I knew the impact the Internet has on today's existence, I immediately started designing a web site. Today, after a year of changes, improvements, redesign and hard work, the site has grown to over sixty pages with more on the way.

I am a proud, single, work at home grandma now; and loving every minute of it!

To give readers, some info about my educational background...I graduated from Brooklyn College, Brooklyn, NY with Bachelor and Masters of Science degrees in the field of education. I spent the next four years teaching in a N.Y.C. public junior high school. Coming next was a move to the "burbs" in 1973 followed by the birth of my third child. When he turned four, I returned to teaching in a Brooklyn High School. The commute, the conditions and having a mother who was quite ill caused me to rethink the teaching profession. I decided that I needed a change, a challenge and to be closer to home. My next venture was opening a retail business...a Hallmark card and gift store on Long Island. Fifteen successful years later, that was sold. Not at all ready to sit idly by and watch the world pass me, I sought a new focus. I found a job working for a small marketing company. Since writing was always my hobby-I have been published several times-I was able to write copy, marketing plans, radio commercials and the like. It was during that time, after many years of marriage, that my husband and I decided to separate. The week after my daughter was married, 8/13/00, I lost my job. Luckily, I was hired to do public relations, write press releases, oversee the computer program, assist with development, etc. for the not-for-profit agency at which I had been volunteering as a crisis counselor since 1995.

My story comes full circle...I am here, it's 2003 and I am a very happy stay at home, single grandma whose mission is to offer money-making opportunities, services, products and essential information so others who desire, or need to, will be empowered and able to stay at home; and they will be able to find all the resources necessary to do just that right here...so, WELCOME and much success in your endeavors!

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