Friday, September 9, 2011

Your Virtual Booth Is Neither A Website Nor A Print Ad - It is the Answer to that Knock on Your Door

We are currently getting ready for another virtual trade show for a valued customer of ours, and I spent some time last evening looking at the various virtual booths during our scheduled quality-review. This post is inspired by my observation that virtual booth owners are missing out on the essence of the medium - their virtual booth.

At first glance your virtual booth must present an answer to the (opportunity) knocking on your door.

Here are a few examples of what your virtual booth must not say.
  1. Next to the logo are the words: "We're building a better future."
  2. Next to the logo are the words: "XYZ Company (name withheld) is committed To (sic) providing Quality products and services, which consistently meet or exceed your contract (sic)"
  3. "Please enjoy your visit to XYZ Co.(name withheld)"
  4. "XYZ Co (name withheld) Please visit us at www.ourcompanywebsite.com (URL altered)
Here are a few examples of those who got it.
  1. Our Engineering can help you design a custom transformer or inductor solution.
  2. XYZ Co. is your GO-TO source for difficult to find metals
On the face of your virtual booth, you must present crisp answers to one or more of the following questions:
  • What is your company's name
  • What does your product do for the targeted audience of the virtual trade show?
  • How can I reach you via phone or chat or skype this very instant?
  • What makes you worthy of my time?  For instance, did your product or service win any awards?
Tailor-make the content for your virtual booth.  Do not defer it to your brand manager and flash a meaningless tag-line on your booth.  Take charge of the content on your virtual booth.  The Virtual Booth is a Product Manager's pulpit.  "Serving satisfied customers since 1807" makes sense on a hamburger billboard, not on your virtual booth.  It is not corporate mission and general strategic feel-good stuff that is expected on a virtual booth, unless you are selling a lifestyle.  When a virtual visitor or a corporate buyer clicks on your virtual booth, you have a few seconds of their attention to state what your product or service can do for them.  Your virtual booth is product-centric or service-centric.  It is neither your website, nor a print ad in a magazine with a long reference value.  Your virtual booth must provide a snapshot of your offerings in few catchy words.  Based on that if the visiting buyer lingers and chooses to click on more icons, then you have a chance of engaging them instantly or following up with them later.

Have a great itradefair!
 

Wednesday, August 24, 2011

What Virtual Events Can Learn From Woot, Groupon, Living Social and Other Daily Deal Sites.

The one thing that sets apart a virtual fair from a regular website is its ability to change content and participants any time, at random or on a schedule. The challenge of virtual fairs however, is to find ways to ensure repeat visits and new visitors.

When Woot was launched, a member of my family (details withheld in the interest of domestic harmony) used to visit the site every single day to see what was the featured deal of the day. The constant stream of surprises perfectly packaged in each day's groupon deal, or in every day's living social deal have a lure about them besides the steep discounts. I believe it is the reason why soap operas are popular.  I believe it is the reason why roller coasters are popular. I believe that is what makes cable news channels so addictive with their constant dose of breaking news.  Everyone loves an exciting surprise, especially one every single day.

Here are some thoughts and what-ifs, on how virtual fairs could possibly adopt and adapt the concept of daily deals to keep visitors coming back. You may have your own models of this idea depending on the size of your audiences, the nature of your industry, the depth of passion of your membership for your industry if they are part of your trade group or other membership organization, and their thirst for knowledge.

A Booth A Day:  What if you make one virtual booth go live at a time. Let all attendees be able to focus their attention on a single booth at a time. Compartmentalize your virtual event duration by the hour if you need to. One virtual booth at a time. Charge virtual exhibitors a premium for that kind of exclusivity of attention. After a booth completes its live staffed hour, it can go into an on-demand mode in a virtual exhibition hall with other matchmaking tools. Obtain the permission of your audiences to push the hourly featured booth to them via email or mobile app.

A Launch A Day: Create a virtual exhibition exclusively for new product launches in your industry. One launch at a time. Let exhibitors queue up to get the visibility. Your audiences deserve it, and your exhibitors might be willing to pay a premium for that level of exclusive attention.

A CEO a Day: Create a virtual exhibition hall for 'Meet the CEO' sessions.  One CEO at a time.

Get Back In Line, Please: Allow each virtual booth to get back in line to return to the featured page.  However, allow them to publicize their own live hours on their own booths if they so wish.

A Job A Day: In a job fair, this kind of controlled release of virtual booths could take a different approach.  Your goal as a virtual job fair producer will be to ensure that only exhibitors who have an immediate position to fill within the next 30 days are allowed to exhibit.  One employer at a time.  In the same vein, only job candidates who have uploaded a new resume file not later than 30 days ago will be allowed to enter the job fair online.

What if ...   Why not? ...

Saturday, May 14, 2011

What are the main reasons for using full service or self service virtual events?

Last week, I was asked this question by a presenter at an educational workshop for the meetings and association world, for inclusion in a presentation about virtual events: "What are the main reasons for using a full service or self service (virtual event)?"  

The complete presentation in which my contribution appeared, I have been told, is not available to non-attendees, so I am sharing at least my contribution via this blog post. 

The top 3 reasons for using full-service modules:

a)       Debut: Debut virtual events, where an event organizer wants to make sure that only experienced hands stay in charge of the virtual event.
b)      Stick to Ones’ Knitting: Event organizers want to stick to their knitting, focusing on promoting the event, rather than having their team get bogged down fiddling with unfamiliar technologies.
c)       Training Opportunity: Use the full service module as a means to train in-house staff for future events.

The top 3 reasons for using self-service modules:

a)       Cash Savings: Direct cost savings of at least 50%.
b)      Going Mainstream: Virtual events are becoming mainstream so event organizers are more adept at taking available tools and running virtual events by themselves.
c)       Retaining Relationships: Organizers prefer to stay as the sole point of contact with their exhibitors and sponsors for all matters before escalation to Level-2 (technical) support.

Holding an educational session about virtual events, where virtual participants do not have the option to attend remotely, either live or on-demand, undermines the message and is self-defeating.  It is for the same reason, that I believe it makes absolutely no sense for a virtual event company to exhibit in an in-person conference trying to explain to the in-person attendees as to why the virtual conference is a great tool for others but not good enough for the providers to market themselves.  Virtual event evangelists ought to practice what they preach and sell, by staying virtual.  [updated 5/14/2011]  Is that possible?  Yes - at least to some extent.

Tuesday, January 4, 2011

Pros and Cons of a Virtual Career Fair

"Can you list out the pros and cons of a virtual career fair?", I was asked today.  Here is my response on the top 3 pros and cons of a virtual career fair.  Let me start with the cons.

Cons:

Distractions.  Virtual job fair recruiting booths are staffed from the comfort of a hiring manager's computer.  That also means the possibility that recruiters or hiring managers may simply forget to sign in during the 'live' hours of an online job fair.  To overcome this limitation, virtual job fair organizers need to obtain the buy-in of hiring managers and recruiters including blocking short spells of time on their calendars.

Overly Objective.  The virtual career fair misses the combination of eye-contact and other body language that allow a job candidate to make a good first impression, or a recruiter to obtain first impressions.  This is the biggest limitation of a virtual career fair - the absence of face-to-face contact, the absence of softer aspects that go into forming first impressions about a job candidate or a hiring organization's culture.  To counter this objection, one must remember that the virtual career fair is designed primarily to serve as a powerful pre-screening mechanism rather than an interview tool.  Recruiters who may have at their disposal tools such as web-cams to bridge the distance, are still hesitant to use them in a virtual career fair.  That is because of the gray area of repercussions relating to matters of equal employment opportunity, should a candidate not make the first cut after a virtual web-cam session.  A virtual job fair is for recruiters to make instant contact with the best job candidates, no matter where they are physically located.  Often, job candidates might be busy at work or located in faraway places.  The virtual job fair wraps itself around their schedule, allowing them to log in and directly talk to hiring managers from the privacy of their computers for the initial screening.

Inertia about New Technologies.  Recruiters and hiring managers may have an apprehension about learning to use a new tool for recruiting, no matter how simple it may be to use.  This is a normal human reaction to any form of change.  Since iTradeFair.com's technology allows recruiting booth owners to add and manage their own content, the booth builder has been deliberately designed as a simple checklist.  A highly responsive technical support team hand-holds even the novice user.  With repeated use of the platform, this issue is easily overcome.

Pros:


Incredibly Convenient.  The single biggest advantage of virtual job fairs in the minds of recruiters as well as job candidates and organizers that we have heard over and over again is that it is 'extremely convenient'.  A virtual booth can be set up typically within an hour.  It may take some time to plan out the content in the virtual recruiting booth.  However, after that it is simply point-click actions, requiring no special software downloads and no special knowledge of software programming.

No Travel.  Some of our favorite stories are when job candidates from the military planning their return to civilian duty use our virtual job fair platform to connect live with recruiters even before they return home.  Overseas job candidates, many from the U.S. Military had signed in from places such as  Bahrain, Germany, Guam, Japan, Korea, Pacific Ocean - USS Bonhomme Richard, Quebec, Seoul and Siberia.  Only a virtual job fair makes this possible.

Quick Turnaround Time.  Change the job listings in your virtual booth with a couple of clicks, then instantly publish and preview your virtual recruiting booth.  Now you are ready for your next virtual job fair.  Only in a virtual job fair is such a quick turnaround time possible.  Market it and promote it in any part of the world you desire using the power of social media and the Internet.  With a virtual career fair, rinse-and-repeat is probably easier than doing laundry in a modern washing machine.

There are several more, but the above 3 come to mind immediately.  Virtual job fairs are definitely worth a try, and you might even be able to weave it into your regular recruiting program without straining your budget too much, because they are highly cost-effective.  And that may be one that I missed listing above.  Highly cost-effective!

Friday, December 17, 2010

Virtual Trade Show Booth: A Dozen Reasons Why You Can't Really Do Without One.

Can you really do without a virtual exhibition booth?  I don't think so.  There are at least a dozen reasons. 
  1. When at your tactile (face-to-face) trade show booth, did you ever get the nagging feeling that the glossy brochure you just handed out to this visitor might just end up in a pile on his desk?
  2. When at your tactile trade show booth, were you impatient to collect visitors' business cards with all the contact information on it because despite their promise, it is perfectly possible that the visitors may forget to pass on your business card to the relevant folks within their company?
  3. Was the attendee at your tactile trade show booth distracted and busy looking at the food laid out in the booth next to yours even as you were in the middle of your well-practiced elevator pitch?
  4. Is your industry's trade show activity a relic of an age when you were completely dependent on a trade show producer to bring the most qualified traffic through the doors of the convention center, but lately you have discovered more avenues to show off your trade show booth?
  5. Is it practically impossible to exhibit at every trade show being held in your industry in every market you aspire to reach?
  6. When you are at your tactile trade show booth, did you wish you could take your booth to your  customers and the specific prospects that you had in mind who could not make it in person?
  7. When you were attending a trade show, did you wish you could afford to bring along your key technical crew to see some really awesome companies?
  8. When you were attending a tactile trade show, and you chanced upon a potential supplier whose products with a few tweaks could serve as a useful component to enhance your own products, did you wish you had your own booth to display how their product could be modified to improve your product?
  9. When you are attending a tactile trade show floor, wouldn't you rather spend the 6 hours made available to you cementing the 6 relationships that you have already started building beforehand, than tear past 600 booths?  (I was looking for a video depicting the frenzy on a trade show floor, and chanced upon this video - thought it was neat, don't you agree?)



  10. When walking the tactile trade show floor, did you wish you did not have to physically carry all those brochures and tchotchkes back with you?
  11. When you were attending a tactile trade show, did you ever wish that you could research every exhibitor beforehand and choreograph the limited time you have on the show floor by deciding which booths you will attend first and whom you will meet and where?
  12. Is it practically impossible to attend every trade show being held in your industry in every market where your organization is represented?

Did you answer "Yes" to even one of the questions above?  If so, then are you actively thinking about virtual booths?

If yes, then
  • do you have any idea how easy it is to create and use your own virtual booth?
  • did you know that a virtual booth is so affordable, that you could have one for every product line
  • did you know that with iTradeFair.com's virtual booths, you do not even need an IT department
  • did you know that you do not need a committee to set up a virtual booth?
  • did you know that iTradeFair.com can even custom-design a booth skin to suit your style? ... and last but not the least, 
  • did you know that we at iTradeFair.com will even find you a place to showcase your virtual booth if you do not already have one?

    Thursday, December 16, 2010

    Should an Online Product Launch Event Have an Expiration Time?

    This blog post was inspired by seeing an ad for Mr. Steve Ballmer launching a product in a live online event. It makes me wonder about small and medium-sized businesses that may not have the wherewithal to pull off a live online webcast - is it critical that your CEO makes an appearance online live and that your audience also be available live at that very same time?

    Does a product launch event held online need to have an expiration time of 20 minutes or 40 minutes?

    What if, instead an organization creates some kind of a build-up leading into the release of a video online, a pre-recorded video of its CEO, and perhaps make the CEO available to respond to questions on a Message Board running for an hour a day during that whole launch-week after the video is posted, or have her available with a meaningful twitter exchange tracked with a hashtag?

    Or, the CEO could do what the late Prof. C.K.Prahlad did in a live online event which I was moderating. He spoke his responses to questions posted on a chat room, while a scribe was present in his office to transcribe his responses online for a wider audience.

    There are many ways to skin this cat. My point is, if you are planning to do an online product launch in a virtual exhibition, it does not have to be a big budget production with a studio for live broadcast set up in your CEO's office. It could be a simple tool like Netbriefings' Proclaim which allows for webcam broadcasts.

    With a little creativity and a combination of old-world tools and new web technology you can engage your prospects with a personal touch and instant gratification, while keeping not only your CEO, but even your CMO and your CFO happy.

    A virtual product launch need not be synchronous with an early expiration date. The whole idea of doing a virtual product launch over the Internet is to allow your prospective users to enjoy the luxury of taking a peek at their own pace, and place.

    Monday, December 13, 2010

    Booth Builder Masala, and Other Tips for Spicing Up Your Virtual Trade Show Booth

    On my computer, I maintain a folder labeled 'Booth Builder Masala', within which I have created sub-folders, one for each feature that I might like to activate in my virtual booth.  When I find some material, whether a flyer, a press release, some mention in the media or a video clip that I think might be worthwhile displaying on our virtual booth, I try to file away a copy in the Booth Builder Masala folder.

    Let us look at a few tips for those among you here that are Product Managers and Trade Show Exhibit Managers, on how to spice up your virtual booth.  (I am using iTradeFair.com's booth builder software for my reference.  Designed like a checklist, iTradeFair.com's booth builder system is really simple and intuitive to use, going by the rave reviews it has consistently received from virtual exhibitors).
    1. Product Display: Display product images in slide shows under the Presentation feature.
    2. Testimonials: Capture testimonials from your top customers, assuming they are willing to publicly endorse your company, and include them either in the Video feature or the Instant Literature feature, depending on the format in which you have captured the testimonial.  If it is already available on a Testimonials page on your website, then include a link under the Website feature.
    3. Bias for Action: Display a phone number in the Flashing Text feature, at least for the duration of a live virtual exhibition, and let it be a phone number that either gets picked up by a friendly human voice, or be one that takes messages that are acted upon promptly.
    4. Key Personnel: Include business card information of key personnel dedicated to the exhibition in the Business Card Pickup feature, so that buyers to your booth have a single-click capability to add key contact information.
    5. Case Studies: Whether you have case studies of how your products or services are used by your customers in document format like a pdf or an image file, or if you wish to include any other kinds of files such as an excel file, or any other format, iTradeFair.com's Instant Literature feature takes any kind of file in its native format.
    6. Tchotchkes: Giveaways are easy to offer through the Goodies feature.
    7. Rapport: Activate the Skype feature to be instantly accessible to visitors at your virtual exhibition,, especially if you are looking at being accessible to international markets.
    8. Conversations: Engage in conversations with your community of online attendees using the threaded Message Board feature.
    9. Face-to-Face Meetings:  The built-in Online Scheduler feature works great for online attendees to request a time to talk to you or meet with you in person, either at your virtual booth or at your next face-to-face venue.
    10. Elevator Pitch: In a short paragraph, capture and deliver the essence of what your organization is all about.  In this attention-deprived world of ours, it is imperative that you make good use of the Corporate Description feature or the Welcome Message feature, or both.
    Whatever aspect of your products, services or your organization you may wish to highlight in your virtual booth, we will find you a feature for it, or we will find you a way to adapt our toolkit of features to serve your needs.



    After all, a virtual exhibition gives online attendees a structured manner to navigate through information about you and your organization.  The checklist format of iTradeFair.com's Booth Builder System helps you get started without the need for a tutorial or any kind of roadmap.  Point-click-done, as we like to call it here at iTradeFair.com!

    Saturday, December 11, 2010

    Why This Customer Deactivated Live-Chat at Their Virtual Exhibition

    One of the questions we encounter in early conversations with our prospective customers is "How do visitors interact with the Booth Staffers? Is it Live Chat?". We tell them, "Yes, that too"!

    Imagine my surprise when a Fortune 100 customer of ours asked us to simply deactivate the live chat function. Instead they asked us to beef up a feature that we see barely being used in our other virtual trade shows. They asked us to beef up the Message Board feature (which is the good old Bulletin Board for threaded discussions) and make it the primary mode of interaction with their online visitors in their virtual trade show.

    One thing we have learned in this evolving field of virtual trade shows is to never argue with success. This client obviously knows what it is doing - having just signed up for yet another series of virtual trade fairs for 2011 - beause with every single virtual trade show they do using iTradeFair.com's platform versus doing it in a tactile version, they save roughly $0.5 million.

    The case they made for disabling live chat at the virtual booths was eye-opening, so I want to share it with you here.  In a live chat session at a virtual booth, being one-on-one private chat sessions, a booth staffer might end up addressing the same questions over and over again at each separate subsequent chat with a different online visitor.  If all these visitors were not given the live-chat feature as a means of interaction, but were instead asked to post their questions on the Message Board or the Bulletin Board, then not only would they be able to see previous questions and the booth staffers' responses, but also contribute to discussions.

    The booth staffer can also assign different topics to steer questions and discussions in a logical manner.  The booth staffer has the power to moderate the bulletin board to clean up irrelevant questions.

    This is also an excellent way to tap into the power of the collective wisdom of the users - something not possible with the private one-on-one live chat messages.  Live Chat and Bulletin Board are both powerful communication tools in their own right; invaluable - but in different settings. 

    The virtual trade show worked out really well for our client.  Little did we know that one of the earliest forms of online community building tools - the threaded bulletin board - would serve the precise needs of our patrons when wrapped in the setting of a virtual exhibition.  At iTradeFair.com, we offer several features - but it is entirely in your the control whether you are the event organizer or the virtual exhibitor, to activate or de-activate any of those features or functionality. 

    Ironically, we were thinking of dropping the Bullletin Board feature from the virtual booth level, because it was never being put to use as intended.  Exhibitors used to load it with more marketing fluff, never using it as a method to engage visitors in open discussion.  The one lesson I took away was that even an ugly duckling functionality in a virtual trade show booth needs patience and nurturing until it finds the right context to bloom.

    Friday, December 10, 2010

    What if Your Industry's Trade Shows Are Undecided About Virtual Trade Shows

    In yesterday's 2010 Virtual Event Report, released by TSNN and OnStream media based on a survey from the perspective of the trade show industry, it was interesting to note that 48% of the survey's 800 respondents did not find a virtual trade show in their industry that they could participate in.  I would not be surprised if that metric is significantly higher.

    As a product manager or a marketing manager how much longer would you be willing to wait for the trade shows in your industry to add a virtual trade show for your benefit?

    With web-based tools from sites such as LinkedIn, Facebook, Twitter, you have many ways to directly reach out to your markets, your prospective customers and users.  With other inbound marketing methods, you have several ways to build an audience, a community around your products and brand. 

    You have several tools at your disposal to launch and promote your trade show.  What you need is a virtual booth that you can call your own, and make your own.  As an exhibitor, you should not have to wait for the industry's trade show organizers to figure out how to make money off your virtual booth before they start offering the virtual trade show alternative to their industry's exhibitors.

    Besides, I do not believe anyone has yet addressed  the issue of an absence of standards in virtual booths.  If you are exhibiting in 14 trade shows in your industry in a single year, each run by 14 different organizations, it would be unreasonable to expect you to use 14 different platforms to set up 14 different virtual booths, right?

    Just as you are able to get your trade show booth designed by a designer of your choice, and able to ship it from location to location, you ought to be able to export your virtual booth to any online venue you please, pay a participation fee, put it on display, and you should be good to go.

    Ask iTradeFair.com about how you can set up your own virtual booth, at any location you choose - virtual of course!  See how Perry Lawson & Associates took their booth with them after their participation in a virtual trade show! 

    Ask iTradeFair.com about how you can launch your own virtual exhibition in your own industry



    We will give you tools to design your own virtual booth, and even customize it for you if it is important to you, an online venue to display it and share it, the ability to export your virtual booth and display it online, the ability to participate in a variety of online exhibitions, tools to reach faraway markets, the ability to repurpose your virtual booth, tips and methodologies that have worked for other exhibitors.... and iTradeFair.com does all that in an affordable and sensible manner. 

    You, as a product manager or a marketing manager, now have the power to control your event strategy and influence how your industry's trade shows evolve.  You shouldn't have to wait. Waiters wait.  iTradeFair.com can show you the way.  Write to us today.

    Wednesday, December 8, 2010

    Is a Face-to-Face Exhibition Required to Sell a Virtual Exhibition?

    When iTradeFair.com launched officially in 1999 we set aside a budget to exhibit in a trade show for the trade show industry - the TS2.  We have subsequently been a sponsor in some events for the media industry as well as the world of Associations.  However, what we realized is that by doing these face-to-face events to promote our virtual trade show software, we were implicitly diluting the value-proposition of our offering.

    We set up a booth with the plasma screen monitor, an internet connection, since there were no booth babes at our techie booth, we had a couple of booth Bobs from our team trying to draw the attention of passersby.  It reminded me of the bazaars in India.  Our giveaway at the booth was a 'Virtual Booth'.  Still we had to give something tactile that visitors could carry with them.  So we were giving away CD-ROMs with booth activation codes in them that the visitors could use online.  The problem was that we were so ahead of our time that the trade show brought us no returns and no real interest other than some video gaming company that was also exhibiting as a virtual tradeshow provider, curious to know why we at iTradeFair.com did not build a 3D world and why our interfaces were deliberately simple.  This was, I presume, before LinkedIn became popular and before Facebook came into existence proving that simplicity simply works!

    What worked better for us in selling our virtual exhibition concept was:

    • Getting personal introductions to select local and regional Association leaders and getting a sense for who would be a good evangelist for the concept of virtual exhibitions.
      • Setting up a meeting to understand what value they would derive from the virtual exhibition
      • Customizing a demonstration and fine-tuning a messaging that they can relay onwards to their membership
      • Signing them up for a pilot virtual exhibition and hand-holding them through the entire process
    • What has also worked really well for us is to attend business networking events, walking away with contact information of individuals that we know could use the concept of virtual exhibitions beneficially for their organizations, and then contacting them at their leisure with a tailored virtual demonstration and discussion.  You see, we are not selling a bunch of technology features.  We are in the pain-management business.  We think through on how our services can take away the pain for all the participants.  That value proposition is hard to convey in the melee of  a face-to-face trade show.
    • Rather than use a face-to-face exhibition to sell our virtual exhibitions, the method that has worked best for us is when one satisfied customer decides to evangelize our services and recommend us to their friends.
    None of the above would have been possible for us to accomplish in the chaos of a face-to-face trade show, trying to talk above the din to an audience that is sleep-deprived and worrying about missing the flight home.

    Therefore, it just does not make sense trying to use a face-to-face exhibition to sell a virtual exhibition.  Besides, it undermines the power of the concept of a virtual exhibition if we can't sell it without first meeting our prospects face-to-face. 

    We have worked with really stellar clients all over the United States, and overseas in Paris, London and Dubai.  We have met them face-to-face at some point after the business relationship was on cruise-control.  They became customers first without ever having met us face-to-face.  Currently, we are talking to prospects in South Africa, India and Mauritius.  We hope to meet them face-to-face should our mutual travels make it convenient, but our business relationships are not premised on those face-to-face encounters.  They do not need to be premised on a tactile experience. We hope to meet them in person in a social setting, but not necessarily before they have started using iTradeFair.com's virtual exhibitions.

    Trust that is first built virtually, gets reinforced in a subsequent face-to-face meeting.  So, my advice to businesses that can't afford to be at every single trade show in their industry: Go Virtual First.  It is affordable and gives you tremendous mileage.  You can always pay the big bucks and start exhibiting at your industry's trade shows to back up your virtual exhibition.  Contact us at iTradeFair.com and we will be more than happy to show you how to get started with baby steps in the world of virtual exhibitions.

    Wednesday, December 1, 2010

    Selling the Concept of a Virtual Exhibition to your Association Members

    The Executive Director of an Association recently asked me to list a few key benefits of setting up a virtual exhibition, which he could use in turn to sell virtual booths. I am listing those here for your benefit as well.
    1. Meet decision-makers and key influencers from the comfort of your computer.
    2. No need to know computer programming and no need for an IT department – set up your virtual booth in an hour through simple point-click actions.
    3. Display multi-media presentations, videos, slideshows, offer business cards, engage audiences with instant messages, and offer goodies to promote your brand
    4. Retrieve real-time reports of who came by your virtual booth
    5. Use your virtual booth in conjunction with every trade show on your events calendar.
    Of course, some of these are specific to iTradeFair.com, but they are still applicable no matter what platform you embrace.  The organization just now confirmed to me that they have obtained enough commitments to justify launching a virtual exhibition.  No better validation than an actual sale! 

    This Association does not have a tactile tradeshow.  I wonder if that has anything to do with the ease of this success.  I wonder if it helps a trade show producer to deliver a clearer message for the sale of a virtual exhibition to potential exhibitors when there is no distraction from a tactile trade show that they have to also sell under the same brand.

    Monday, November 22, 2010

    Is Your Exhibit Hall Social?

    There is a crisp blog post today in Mashable by Meaghan Edelstein on HOW TO: Use Social Media to Enhance Your Event. Make sure you check it out.

    Just as it makes sense for conference attendees to beef up their social media activity, it is imperative that they have a virtual exhibit.

    One association client of ours that runs a large annual conference in its industry is considering giving a virtual booth to every conference attendee, and I will tell you why it makes complete sense.

    If you are considering participating in a conference, you will then not only work your Twitter and LinkedIn hashtags and event calendars, you will also sign up at http://my.itradefair.com/ to set up your own virtual booth. A virtual booth gives other conference attendees an easy and structured way to research the organization that you represent, and even request a meeting using online tools.  Similarly, an entire exhibition hall can be made 'social'.

    There is no reason why an in-person attendee can’t be a virtual exhibitor.

    (Thanks to Joel Caparrella of InflectionMethods for inspiring this post.)

    Friday, November 19, 2010

    Checklist: How to Prepare Your Organization to use Your Virtual Trade Show Booth

    • Create hourly or half-hourly time-slots to ‘staff’ your virtual booth.
    • Make your best technical people available to escalate conversations, when in chat sessions.
    • If you are opting out of the booth chat functionality, then use the ‘message board’ feature, as they are really very effective and efficient.
    • Create multiple topics for message board discussions, and assign responsible individuals as ‘Topic Leaders’ for each topic.
    • Create a branded link (example http://www.itradefair.com/viosc) that will point to your virtual booth, and use that link generously in all your company communication.
    • Change your corporate signature line to include a mention of an upcoming trade show and offer teaser information with a link to your virtual booth (e.g., a marketing professional once suggested a play on the word ‘link’ by offering a cuff-link upon sign-up at the virtual booth, with the promise of the matching cuff-link when the visitor stops by your tactile booth).
    • Consider making the investment in a customized virtual booth skin to make it look like your tactile booth, or to best represent your brand.
    • Invite your prospective customers to come see you at your booth, by sending out mailers.
    • Place your virtual booth in my.iTradeFair.com to give it increased visibility.
    • Create marketing material with a personality, tailored for the virtual trade show booth – let it reveal the quirks and personalities of your product managers or engineers.
    • Plan your response times for inquiries that come from your virtual booth, escalating unattended questions within minutes.
    • Dedicate a hotline, and display that phone number on your virtual booth even if you have the booth chat and Skype etc. set up with booth staffers waiting. Visitors have limited attention spans, so rather than the company tagline place a call for action such as, “Call 405-372-6200 for free advice on whether a virtual exhibition makes sense for you.”

    Thursday, November 18, 2010

    Is a virtual booth twice as good as a tactile booth? Apparently!

    I just heard this about this technology company that participated in an industry trade show paying top dollar for a tactile booth. For an extra $250, they got a virtual booth from the trade show organizer. Their tactile booth generated 5 really good leads. The virtual booth generated 10 really good leads. Would the virtual booth have been as valuable without the tactile booth running in tandem? Do virtual attendees flock an online exhibition when they know that they can't be in person at a tactile booth, for fear of missing out on the latest in their industry? I do not know, but I am sure we will learn soon as more such success stories surface. The tipping point is here for virtual exhibitions.

    Correction: This post was earlier titled "Is a Virtual Booth 5 times better than a Tactile Booth? Apparently!" ... I got the number of leads verified from the actual exhibitor and updated this post. Sorry about the confusion!

    Wednesday, November 17, 2010

    Is a Virtual Exhibition Right for You?

    In this article, I will give a few tips on how any organization can use a virtual exhibition.  This is inspired by several calls we receive from individual businesses that wonder how they can be part of a virtual exhibition, or how they can launch their own virtual exhibition.  We have created My.iTradeFair at http://my.itradefair.com/ to make it easy to get started.

    First, let us understand that a corporate website does not do what a virtual exhibit in an itradefair can. 
    • Every visitor who comes into a virtual exhibition is pre-registered, so you know their identity.  You can't routinely ask visitors to your website to register before they start browsing through your product information pages.
    • Even virtual attendees can be virtual exhibitors, because I would like to assume that everyone with an independent mind has something to sell - be it a product or a service or an idea.  Besides, it is rather effortless to set up a virtual exhibit.  This is not possible in a routine web browsing experience - the reality is that in most cases a visitor to a website may not be just a potential customer seeking information.  The visitor may be someone trying to sell something to your company and thus be a potential supplier, or a potential employee with skills to sell. 
    Let us look at how a variety of organizations can use virtual exhibitions:
    1. The Mom-and-Pop Establishment:  Set up a virtual exhibit and ask your local chamber of commerce to promote your business.
    2. The Entrepreneur: You could set up different virtual exhibits for different markets you target, and place your virtual exhibit in different exhibitions tailored for different audiences. 
    3. The Value-Added Reseller:  Your virtual exhibit would highlight a personal touch by your sales-reps or by the owners, and you can ask the company that you represent to include your virtual exhibit in a separate virtual exhibition that they can promote to give their brand, and your company greater visibility.
    4. The School District:  The School District could have its own virtual exhibition featuring virtual exhibits by various vendors who supply the school system.  It would make the system more transparent, and it would give the vendors an indirect endorsement that they could definitely use.
    5. The Channel Owner: Every large marketing department that uses channels to sell its offerings could showcase channel partners in a virtual exhibition.  As the channel partners gain in visibility, so will the Channel Owner.
    6. The Association:  A large proportion of your members will simply fall on the sidelines as you grow and focus on your annual conferences, which typically are your big revenue-generators.  Give those who are left out the benefit of a virtual exhibition.  Let each member set up a virtual exhibit.  Attract new members into your fold by giving them the opportunity to set up a virtual exhibit in your branded exhibition hall.
    7. The Chamber of Commerce: Every member of the Chamber ought to have a virtual exhibit under the Chamber's umbrella.  The Chamber itself can effortlessly set up a virtual exhibition and add to its revenues when members purchase upgraded services in their virtual exhibits.  This activity can be entirely independent of any events that the Chamber hosts, such as local fairs and meetings.  Do not mix the two.
    8. Economic Development Agencies:  You can showcase your portfolio companies in a virtual exhibition hall, and highlight the progress you are making in your region.
    9. Site selectors: While I have been told bluntly by an economic development agency that they prefer to find ways for site selectors to arrive in person in a region, where they can be treated to a combination of site visits and local hospitality, the fact remains that site selectors use the Internet to research a potential region before they even make a phone call.  By not providing a virtual exhibition hall for the site selectors to visit the economic development agencies are doing themselves and their local regions a big disservice because they are not able to sniff the leads they could capture on first-click.
    10. Exporters:  I have lost count of the number of businesses from faraway lands that have contacted me asking where they can set up their virtual booth and take part in a virtual exhibition to promote their exports to the United States.  The need for U.S. companies to export is greater now than ever.  A virtual exhibition is the place to start.  
    I could go on and on... but let's make it simple.  If you even remotely see yourself as one of the following:
    • a potential virtual exhibitor, or as
    • a potential virtual attendee who at some point may decide to set up a virtual exhibit,
    • a membership organization that wants to grow and nourish its membership, or
    • an ambitious individual or a company interesting in launching your own virtual exhibition because you know how to evangelize and rally businesses in a certain category
    then email us at info[at]itradefair[dot]com and we will give wings to your dreams. 

    In our world view, every organization, every product or service line, every product manager, every sales person - needs a virtual exhibit, and we at iTradeFair.com are here to help make that happen.  If we can help an entrepreneur from South Africa who has enough fire in her belly to want to start her own virtual exhibition, then we can certainly help you no matter where you are located.  Get started at my.iTradeFair.com!

    Tuesday, November 16, 2010

    Disruptive Virtual Genie in a Tradeshow Bottle

    One of the things we like to do is try to understand why some businesses choose not to participate in an online exhibition. Here are a few insightful quotes from marketing professionals and company leaders.
    • "We attend a FEW specific conferences throughout the year and see more value in face to face interaction than in online events. Have never done online but do not see it as something we are ready to tackle." - President of a utility-related services company
    • "I don’t go to any expos or on line. Helps me in no way" - Owner of an executive-travel services company
    • "Sorry, we have never attended an online trade show that we considered to be a good experience. Only top of mind companies with strong brand do well at these shows. We are a young company. The in-person trade show gives you signage in front of the customer's eyes with which you have 30 seconds to apeal to their pain points. With digital tradeshows, they click on a logo to visit a booth. Why would anyone visit a company if they don't know they need the company's product? They don't." - VP Marketing of a medium sized technology company that frequents trade shows.
    These responses reveal why the trade show industry fails its contituency, and why virtual tradeshows have thus far failed to make a difference and be widely embraced. The few recent mentions in the media of 'virtual events' and 'hybrid events' are not indicative of a whole-hearted embrace of the concept of an online exhibition by business leaders and marketing professionals.

    Corpor@teGift'99 was probably one of the first attempts, if not the first attempt at creating a virtual trade show in the promotional products industry. In a controlled pilot, we got 15 exhibitors to test-drive our technology in an actual trade show held entirely online. When one of the associations in the industry refused to take my calls it just did not make sense - until I befriended an industry-insider and eventually learned how we had inadvertently caused a minor disruption to the industry's age-old business model. Of course, soon we were offered a chance to partner with another industry veteran tradeshow company that purchased exclusive rights for a year for its industry. It was no surprise that they did not launch a single virtual trade show during that time. It was simply not possible to chase both rabbits simultaneously.  Meanwhile, we found our success elsewhere so we moved on.  Sometimes, it helps an industry to have a clueless outsider walk in without any baggage, and start making sweeping changes.  We are yet to see that happen, but it will happen sooner than later, now that the concept of virtual events has started becoming mainstream.

    However, in this story and in the evolution of virtual trade shows, there are lessons to be learned for marketing professionals, business owners and meeting professionals. There are lessons to be learned in how providers of such a disruptive technology have barely touched a few businesses with the benefits of the virtual trade fair. Take any major online expo and you will see that (a) the virtual booths are expensive enough to remain the exclusive domain of "top of mind companies with strong brand", (b) the virtual booths are classified as gold, silver or bronze based on their perceived location in a make-believe 3-dimensional floor, which goes to show that the disruptive technology is being contained within the artificial confines of a non-existent convention center in a vain attempt to preserve a crumbling business model, and (c) offerings continue to be skewed against the exhibitor ironically because of the supportive role assigned to the virtual element to drive traffic to the tactile event.  Virtual exhibitions are bogged down by a physical-event mindset.

    Therefore, it is not in the DNA of the tactile tradeshow producers to evangelize a powerful online exhibition brand - their focus stays on the tactile experience. Expecting anything different would be akin to LinkedIn Group Managers encouraging their group members to use printed business cards to connect with other members of the group.

    The groups that have the greatest potential to effectively generate and share the benefits of online exhibitions are the associations that want to add member-value, grow membership and add to revenues without adding extra staffing or extra work.  This can be done in parallel to the tactile conferences and tradeshows that the associations may already be invested in for some time .... in parallel or intermittently, but not simultaneously.  The concept and coinage of the term 'hybrid events' is a farce if held simultaneously.  Something as simple as a YouTube channel combined with an online meeting scheduler tool will do a better job to serve as a lead-in to the tactile event, without the hoopla surrounding a 'virtual hybrid event'.

    In a virtual trade show, no barriers exist. The tactile trade show producers would have to break down existing business models for them to really embrace virtual trade shows. Until then, you will not see a sweeping embrace of virtual exhibitions. Until then a vast majority of businesses will silently stay away from the tactile trade shows and find other ways of meeting and greeting and pitching their offerings. Tactile trade show producers will simply see trade show attendance dropping year after year. It is inevitable. As a result of this blinkered approach by trade show producers, the world of business will gravitate towards services that break down all artificially propped up barriers; they will gravitate towards services that make it effortless for business professionals to meet with other businesses by traveling only to meetings with prior appointments, or traveling locally.

    The trade show industry as it stands now will continue to exist because people do need that escape from the cubicle even if it means putting up long security lines or canceled flights on bad weather days; companies do need to give sales teams the perk of a 3-day all-expenses paid trip to an exotic resort town; those riding the tradeshow tiger need to stay put and dare not dismount for fear of triggering adverse rumors questioning their stability.  However, the influence and glory of the trade show industry will start paling in comparison to what online exhibitions and other internet-based technologies can really accomplish, provided the virtual trade fairs dare to reach deep within their disruptive souls.  That is why it is not advisable to bring home a lion cub as a pet no matter how cute it is without being prepared to make major lifestyle changes - and traditional trade show producers know that - hence the feeble attempts at hybrid versions.  It is just a matter of time before the mews turn into a roar.

    Monday, October 11, 2010

    iTradeFair on an iPhone

    We have a virtual job fair going on today for one of our very esteemed clients of many years (yes we have acually been in business doing just virtual fairs for over 11 years now). Even though we have some modern 3-D type virtual booth skins, we continue to offer the older 2-D type skins as well. I noticed that despite the newer designs, some of the exhibitors seem to prefer the older booth skins, probably because of cleaner lines and less glamor, allowing for better focus on the content. Interestingly, the older booth skins (not made in flash) work really well on an iPhone (see picture).
    So what if you can really carry your virtual booth around in your pocket? Does it really matter? Not really.

    However, what really matters and makes a difference is if your prospective customers, tradeshow attendees, and most importantly your tradeshow absentees can easily carry your virtual booth in their pockets and pass them around effortlessly.

    So when you want to present the real value of the virtual fair to your exhibitors, your bosses or your ad agency, tell them that not only can your virtual booth be tailor-made, but it can also be literally placed in the right hands!

    Monday, May 24, 2010

    Born Again Tradeshows

    If you want the latest news on technology product launches, you no longer have to wait for the next Comdex or Supercomm. Events that lead to a buzz about products and services are taking different forms, whether it is a post on GigaOm, TechCrunch, Gizmodo or others, a passing mention on social media, or news of an investigation into a lost prototype of a yet-to-be launched product found in a bar. Depending on which industry you belong to, there could be new ways in which to learn about developments in your specific industry, without having to wait for the next big event in your industry.

    So what would be a good approach to reinvent a trade show, revive it or and prevent it from extinction? Here are a few of my thoughts on 'Born Again' Trade Shows. I am using the name of Supercomm to focus my thoughts, but it could be any trade show brand that has been canceled or hurting.
    • Start building a by-invitation-only online community under the Supercomm brand - believe it or not, even a simple list-serv will do the trick. Do this a year before you plan on serious revenue-generation.
    • Help members identify the year and location in which they were at Supercomm last - thus recognizing veterans in the industry, and enabling kind of an online reunion by year of participation.
    • Regain the trust of the past attendees and exhibitors with special offers of visibility, recognition, held online.
    • Legitimize the grapevine by becoming the most trusted source in your industry that gives information to the members about who has joined what company, and who received a promotion, who retired etc. - stuff that one normally learns from conversations on the trade show floor.
    • Aggregate all relevant news feeds for your members, and deliver it to them in whatever format they prefer - online, mobile, email, printer-friendly or printed mailers - give them the choice.
    • Needless to say, every piece of communication that goes out, carries with it the potential of targeted ad revenues - just make sure they do not get annoying or dominant. Let your members know that the sponsors are making it possible for you to bring them relevant and verified information.
    • Create a qualification process for new members to join your exclusive 'club'.
    • About 6 or 9 months into the process of building the online community, get a feel for whether members of your club are itching for in-person contact - if yes, then introduce small local networking events - let your community members choose to do it themselves -simply facilitate the use of meetup.com or other (pardon the buzzword) geo-locational technologies available, in conjunction with your Supercomm brand. Let them meet in local restaurants of their choice, a local country-club - wherever they like. Do not meddle with the community's local preferences. Instead, support them with co-sponsorships.
    • Immediately preceding these local meetups, create an itradefair or a virtual trade show - so that those who are meeting have a chance to pre-screen one another's business or offerings in a structured manner, and schedule a time to meet with one another on any of the nearest meetups being organized. This would be a grassroots revival of the Supercomm brand.
    • Based on how the meetups start growing, get a sense for whether there would be interest in an sponsored meetup in a few regional centers so that members can drive for an hour or two and meet with other Supercommers. If yes, then have a few big regional parties - simultaneously - music, food, fun, no work. Let them mingle. Let the friendships bloom.
    • Once the regional parties gain momentum, have a national party. Same thing - music, food, fun, no work. Keep them short and close them just as the momentum is building. Leave them wanting more. Leave out the trade shows, the heavy lifting, the educational sessions, the product pitches. Leave those to the online environment. When your members meet in person let it be for socializing and (pardon the buzzword) connecting. People like to do business with people they like. Create super Supercomm memories. Watch your brand come back to life.

    You think it is far-fetched? See how Seth Godin is doing it.

    Monday, May 10, 2010

    Checklist - How to Create Sponsorship Packages in a Virtual Trade Show

    This checklist will help organizers of Online Exhibitions to mix and match various elements of a virtual trade show to create Sponsorship spots.

    Before we begin, a word of caution. One must not forget that the key to successful sponsorship packages is to stop short of becoming an annoyance or becoming obnoxious - try stopping way before that point. Over-exposure can hurt. If you design your Virtual Exhibition in such a way that every click of the mouse forces a visitor to watch a sponsor's message, you are hurting the sponsor rather than helping them.

    Given below are 17 examples of sponsorship spots in the virtual space, for an event organizer to use in building sponsorship packages.

    • Sponsored message in each invitation email
    • Sponsored message in each system-generated notification such as password retrieval, and registration confirmation
    • Banners in the Virtual Lobby
    • Specially designed Sponsor’s Gallery
    • Parade of logos on the main Virtual Trade Show page
    • Sponsored messages at the start of kick-off conference sessions, be it webinars, webcasts, tele-presence calls or the good old telephone conferences.
    • Commercial sponsored messages in featured Virtual Exhibits
    • Use of a Sponsor’s Booth in Demos – live or on-demand archived demos
    • Use of a Sponsor’s Booth in Instructional Videos
    • Featuring Sponsored Virtual Exhibitors in stories in your event newsletter and event blogs
    • Specially recorded Sponsored video messages in the Video Theater at the Virtual Exhibition
    • Priority for Sponsored Virtual Exhibitors with reserved Buyer-Meeting slots when you run a virtual or face-to-face match-maker in conjunction with your itradefair
    • Sponsored messages through your social media alerts
    • Sponsored messages in Virtual Exhibition Reports page
    • Branding and naming an entire Virtual Exhibit Hall or a Virtual Pavilion for a Sponsor
    • Branding and naming the Conference Center or the Video Theater at the Virtual Event
    • Branding and naming the entire Virtual Exhibition for the Sponsor.
    There may be more - especially if you are able to tie your virtual exhibition along with tactile experiences - because virtually, one can do only so much.

    Simplicity and subtlety is the key to delivering sponsor messages effectively, in the virtual trade show. In-your-face sponsorship can backfire. After all, you want your audience to leave feeling grateful to the sponsors for bringing them the virtual event, not detesting them.

    Saturday, May 8, 2010

    Checklist - How to Get Started with a Virtual Trade Show

    This checklist is the outcome of two separate phone conversations that I had this week, one with a print-media professional in Africa and the other with a trade show professional here in the United States - both of them knew they wanted to do a virtual trade show. They just did not know how or where to get started.

    This checklist is hopefully, the first in a series of checklists I will create and post on this blog. The goal is to demystify virtual trade shows.

    In the words of a happy customer in a call earlier this week, "people say they are impressed when they hear about us doing a virtual trade show, but I tell them it is really no big deal because it is not hard to do at all. It is really easy to do a virtual trade show."

    Thanks are due to Dr. Atul Gawande for reminding us through his book 'The Checklist Manifesto', that life is a lot easier with checklists. So are virtual trade shows and virtual 'any' shows. So here's the checklist.

    • Select the media-property, if you have one, or vertical in which to do the virtual fair
    • Select a technology provider for your fair.
    • Select a Liaison at your end – could be a part-timer for starters.
    • Decide on the technology for Keynotes and kick-off – even a conference call works!
    • Poll your audience on what they would like to see or do at the virtual fair.
    • Determine the frequency and the timing of the itradefair.
    • Reach out to Keynote Speakers - only if you are adding a Conference.
    • Identify an upcoming face-to-face meeting to link with the itradefair.
    • Pick images and branding - consistent with face-to-face (f2f) event, if you own both.
    • Understand what your virtual fair technology provider can do and can't do for you.
    • Create sales packages – keep them as simple as possible.
    • Create messaging for different audiences – one size may not fit all.
    • Get your itradefair site ready for pre-registrations.
    • Consider writing a newsletter to keep your target audience updated with stories.
    • Consider social media to post teasers about what to expect at the itradefair.
    • Sell sponsorships – try to recoup all or most of your early costs.
    • Sell virtual booth spaces – exhibitors build booths by themselves, so it’s easy.
    • Sell attendee seats – worthy content can command greater fee than f2f.
    • Plan an outreach campaign – no more than 4 email-reminders.
    • Launch your itradefair – but keep it short in duration; repeat it each quarter.

    If you need help with any of these, please email the good folks at iTradeFair.com at info@itradefair.com and someone will be happy to help you out.

    Monday, April 26, 2010

    "What's the best story you have heard?"

    Over the weekend, a couple of items on the web caught my attention because they provide a valuable lesson for the virtual event as it tries to legitimize itself as the new marketing medium required to give traditional marketing the required boost.

    One was the story that the sandwich-board job hunter found a job by going to a trade show where he met his new boss. The trade show industry perhaps is not highlighting this benefit as they try to justify the power of their current business models because they do not want their exhibit halls swarming with the near-homeless and the jobless, instead of power-buyers with open purchase orders in their hands.



    The other was an interesting video presentation by Scott Berkun, author of "Confessions of a Public Speaker". He closes his presentation by telling the conference participants to go to a booth and instead of listening passively to the exhibitor's prepared statements, ask them "so what's the best story you have heard?"

    Now let us ask ourselves the same question. In any of the virtual events that you may have seen, are you able to go and ask the exhibitors or the virtual event organizers..."so what's the best story you have heard?"

    The last time I saw a public virtual event, the public chat room, or networking lounge, as some vendors call it (add social to it if you prefer - social networking lounge) was overflowing with sales people and PR people trying really hard to keep the attention of the online visitors. They were trying hard to draw the visitors to their respective virtual booths. At the virtual booth itself, it was just more of the same - more salespeople, more sales brochures, pitches after pitches.

    Virtual events need story-tellers.

    Of course, there are constraints. Sometimes the best stories have to remain untold. For example, when we at iTradeFair.com do a closed corporate trade show, and a company gets a trial order for half a million dollars through a purely virtual interaction, we can't talk about it. Both the event organizer, which in this case is the corporation, and the vendor that was awarded the contract do not want to publicize ther success story because they consider it a part of their competitive strategy. A non-disclosure agreement prevents us from telling the story.

    Similarly, when we do virtual job fairs, our proudest moments are when we see job candidates from far and wide - many from the U.S. Military signed in from places such as Bahrain, Germany, Guam, Japan, Korea, from the Pacific Ocean on-board USS Bonhomme Richard, Quebec, Seoul and even Siberia, logging in to meet with recruiters before their return to civilian life. We can't tell these stories because we have to protect the privacy of the client and the users.

    However, here are some things that a virtual exhibitor can do:
    • Staff their booth-chats as well as the networking lounges with people from their technical teams - individuals who actually designed, manufactured or programmed a product. Their stories will be more interesting to visitors than prepared sales pitches and PR-speak. It helps keep your company genuine.
    • If possible, staff booth-chats with some of their best customers who can evagelize their product for them
    • If customers will oblige, obtain videos of testimonials, and make them available at the virtual booth.
    • Request customers to spare 30 minutes online using powerful yet simple tools like Proclaim.
    • Request customers to post their testimonials on the bulletin board at the virtual booth.

    Without good stories to tell, virtual events will not realize their immense potential. Without good stories to share there will be no rapport already established amongst the online exhibitors and attendees when they eventually meet in person. A virtual event when conducted without a story-telling element, is a big opportunity lost.

    Tuesday, November 17, 2009

    Don’ts and Don’ts of a Virtual Event

    This post is based on the first-hand experience at a virtual event (essentially a webcast) to which I was invited. I attended this event wearing the hat of a qualified corporate buyer, and here are my observations.

    1. Don’t bore the daylights out of me. Webcasts that are an hour-long lose audiences or their attention. Take a tip from TED conferences. 18 minutes long. Try allowing the presenters to talk for no more than 20 minutes, open it up for 10 minutes for Q&A, but let the audience members stretch it to an hour if there are a lot of questions. A lot of questions means a very interested audience. Ask the moderator to inform the online audience that all questions will be announced anonymously.
    2. Don’t allow me to drift off aimlessly. Throwing a bunch of icons and tabs, and a lot of human-like figures gliding aimlessly on a screen just wastes my time. Give me a roadmap but let me have the flexibility to jump from point to point. By the way, back to my earlier point – long webcasts do contribute to people drifting off to other places including the networking lounge or worse yet, to a browser window outside of the virtual event.
    3. Don’t make me feel like I am intruding – especially intruding on a conversation in the Networking Lounge. Have an usher welcome me. Have a few people from technical support in the networking lounge.
    4. Don’t let booth chat conversations be publicly visible. It can hurt your event’s brand, your sponsor’s image, and certainly does harm the exhibitor’s image. I am not interested in reading the conversation between your sponsor and a booth staffer asking how the traffic was and how you had 2,000 registrants. That should be a private conversation.
    5. Don’t call your networking lounge a ‘social networking lounge’. It is a dead giveaway that you are trying too hard to fit in. Most audience members can see through the gimmick.
    6. Don’t make the public chat room a generic one. Give it a purpose. If you expect large traffic, consider opening a few (chat rooms) and give each one a purpose. That will help channel conversations more effectively. Most audience members do not participate in the chat lounge. I guess like me, they are afraid to appear rude and interrupt any ongoing dialog between the few participants who like to dominate the scene. One would not typically barge in the middle of a f2f conversation among two or three participants, so the same holds true in the virtual event.
    7. Don’t drool in public. To the exhibitors and sponsors of the virtual event, if you have your clients in the chat lounge and they are lavishing praises on your product, a polite thank you is good enough. Besides, the conversation looks staged, so it can be counter-productive. I suggest that you ask this overly complimentary customer to leave a note in a testimonial on your booth in the message board on your virtual booth. If you do not have a message board, ask your provider to include it.
    8. Don’t let every click in your virtual event respond with a ‘loading’ pause. Lucky you had only 5 virtual booths on display in your exhibit hall. Imagine a virtual trade show with 120 booths. With 10 items in each booth to click on, we are talking of 1,200 ‘loading’ pauses in the virtual event, which means I have wasted an hour simply loading stuff on my high-speed internet connection. Choose some combination of technologies to improve my navigation. Keep it simple where possible.
    9. Don’t show me expired webcasts in your list. I spent a lot of time trying to see which one was going on at the time I signed in. The time zone it showed was PST where I am not. Online, audiences have fleeting attention. Don’t lose them for this.
    10. Don’t let sponsors dictate your registration form. They did not leave me with an option of ‘not interested’ in their product. I was there to see if an exhibitor from whom we were considering purchasing a product had any updates on their product lines.

    Wednesday, November 4, 2009

    The role of the telephone in a virtual trade show

    Virtual exhibitors often ask us to review their virtual booths and give them recommendations about the content they have displayed on their virtual booths.

    What we have observed is that in the clamor to ‘go virtual’, marketing professionals who are responsible for displaying messages on their virtual booth tend to forget the main goal of the virtual booth. Let me reiterate it here: The raison d'ĂȘtre for your virtual booth is to get a buyer to contact you in the manner most convenient to such buyer. Even if that means a telephone call. (Feel free to replace 'buyer' with 'prospect', 'lead', 'job candidate' or whichever specialized category to which your audience belongs.)

    It boggles my mind as to why a company would go to great lengths to try to hide the phone number as a way to contact them on their website. That same approach seems to be common in planning content on the virtual booth. While your company’s logo and the cool tag-lines may be great to display on your virtual booth, if you are serious about making connections through your virtual booth, do not for even a moment think that it is old fashioned to expect online visitors to make a phone call.

    Instant messaging, text messaging, SMS, skype calls, a twitter message – all of these are fine. However, there is absolutely no harm in displaying a specially set up phone number – a hotline, for your online visitors to call decision makers at your company.

    During your virtual trade show, try giving your prospective buyers a refreshingly new experience. Allow visitors to cut through the corporate red-tape by setting up a hotline with your company CEO or a VP of Marketing or Sales. Display the phone number prominently on your virtual booth. You might even use some variation of the phrase common in infomercials … “Our operators are standing by to take your call! Call now!” That is because, in a virtual trade show, you have the power to attend to your online visitors no matter where you or they are located. It’s a promise you can make and keep. All you need is a phone that works.

    Now, one can get fancy with technology relating to phones as well, but we’ll save that discussion for another time.

    Monday, August 10, 2009

    Virtual what?

    Virtual trade show service providers have a serious problem - not knowing what to name their baby. Virtual Tradeshow, Online Event, Online Tradeshow, Virtual Expo, Virtual Environment, Virtual Show. Lately, event-management companies have joined the party, so we also have Virtual Experiential Services launched through Virtual Experience platforms.

    Earlier at least we used to know the top player for robust webcasts, but now even they have started doing virtual shows, thus hurting their unique positioning built over the years. I was talking to a veteran publisher from the industry last week, and my worst fears were confirmed. The market of trade show organizers is confused with all this new terminology. To all that add the word 'social' to taste, and now you will have the perfect recipe for a virtual experiential social networking environment and lead generation event solution.

    When we at iTradeFair.com first began calling our offering a virtual trade show, we created visuals of trade show booths and used the trade show metaphor in our messaging to help the market make the connection and leap over the learning curve. What has however, been happening lately, is that virtual trade show providers have taken that metaphor quite literally - straining to recreate the visual effects of a real convention center. These virtual experiences, as they are being labeled are mind-bogglingly slow to load on the screen and painfully two-dimensional to navigate with ease. Special efforts to un-level the playing field by offering 'real estate' at the portal entrance to the highest bidders is an example of the tactile-event mindset limiting the immense growth-potential of the virtual trade show (for want of a better name). Wayfinding in such environments is a nightmare; prompting trade show veterans to go ballistic every time the phrase 'virtual trade show' is mentioned to describe these venues. Organizers of such venues gushing about the virtual lounges and the chat functionality may hurt their own credibility - it's a text chatroom, for crying out loud. Alright, throw in a video-chat. It's still a chatroom. Why not keep it simple? I am sure that such environments please the branding agencies, but what about the attendee?

    Did anyone look at the abandon-rates of these experiential environments? It is not simply who visited your online venue that matters - it is also how many would have liked to visit that is of consequence here.

    In the ultimate analysis your typical virtual trade show site is just an engaging yet structured way of presenting information while collecting audience data for follow-up. If only we figure out how to keep it simple, we will see acceptance rates increase in the millions as against the present mere thousands that put aside their work to take part in these online events. Unfortunately, the way these sites are structured today are quite unwelcoming - designed to discourage the bulk of the potential traffic. We at iTradeFair.com are guilty of the same issue even though we are constantly trying to simplify the navigation. We do get very positive comments about the simplicity and elegance of our itradefairs, but we have a lot more work to do in that direction. Hopefully, we will also establish a simple name by which to refer to our virtual trade shows, a name that does not confuse the potential users. Or like some of our customers prefer, we might simply resign ourselves to calling it an itradefair.

    Wednesday, August 5, 2009

    Attendees Highly Value Trade Shows - What About Absentees?

    I happened to read the analysis of the results of a survey by Tradeshow Week magazine, in a blog post titled 'New Study: Attendees Highly Value Trade Shows'. The blog post points out that, "Michael Hughes, Tradeshow Week Vice President of Research, pointed out several years ago that it was higher attendance at shows in 2003 that then led to increased exhibitor numbers and booth space rental coming out of the last recession. His latest report predicts that history is likely to repeat itself: When the economy improves, more attendees will go to shows, and then more exhibitors will return." Incidentally, I have known Michael Hughes since my first email to him about 11 years ago to show him a demo of our online trade show; I deeply respect him and I even quote him from time to time.

    Seeing the survey makes me wonder if there is a way to survey those who do not attend tactile trade shows. The absentees. Those left behind. Those who do not exhibit in tactile trade shows. I also think that the trade show industry, in gazing into its crystal ball also needs to factor in (a) tools popularized by the Internet becoming part of everyday business usage, and (b) the changing habits of marketers and buyers who seem to be able to switch seamlessly between the online and tactile worlds. Having reframed it thus, let us now revisit the reasons listed in the blog post referenced earlier, on why attendees value trade shows highly.

    "Here’s why attendees value trade shows, even during a recession" says the blog post, proceeding to list several very timeless reasons, quoting Michael Hughes, on why people do trade shows ... to which I have taken the liberty of adding in parenthesis some taglines about common web-based tools that come to mind immediately, not only for attendees, but also for absentees... those who can't afford to enjoy the tactile experience of trade shows for whatever reason.

    • The ability to keep up-to-date with changing industry trends. (Google Alerts)
    • See new products, equipment, technology and services (Online video demonstrations and lead-generation webinars using inexpensive tools like GoToWebinar and Skype)
    • See or participate in product demonstrations (GoToWebinar, Skype, Zoho Meetings, Twitter, BlogTour, Online Trade Fairs, Netbriefing's Proclaim)
    • See products first reviewed online (Industry Blogs)
    • Maintain and build relationships, network (LinkedIn, Ning, Meetup, Other Social Media)
    • Meet exhibitors’ senior management and staff (Online Trade Fairs)
    • Make purchases (Online Trade Fairs and Virtual Booths)
    • Acquire new ideas (Online Trade Fairs, Twitter, Industry Blogs)
    • Education and training (Webcasts and eLearning Tools)
    • Save money, with the efficiency of seeing many suppliers in one place (Searchable Online Exhibit Halls, Online Business Matchmakers, Online Vendor Directories)
    • Compare competing products and company teams (Online Research, Online Trade Fairs, Product Comparison Charts available online)
    • Access competitive intelligence (LinkedIn, FirstRain, Twitter Search Feeds, Google Alerts)
    • Maintain a presence – “see and be seen” (A plethora of Internet tools - too many to begin naming here)

    There is no question that the tactile trade shows will never lose their place (they might morph into new shapes but will always be around) in the world of business - people like to do business with people they like, and that is what tactile trade shows help them find out. Tactile trade shows allow attendees to make up their mind whether they like the exhibitors' team or vice versa. It helps participants answer questions such as "Is this a team we would like to deal with?" (What about those who could not make it in person? What about exhibitors who could not exhibit and attendees who could not attend? We will address that in a moment)

    I must hasten to add that a tactile trade show is not really always necessary for a buyer to like a seller and generate business. I personally know of exhibitors who have won contracts worth half a million dollars in a standalone virtual trade fair that we delivered recently for a major corporation. I want business leaders, and their marketers and buyers - to know that virtual trade fairs do generate real business. Even if the tactile trade show industry does not have a way to meet the needs of attendees and exhibitors until they physically walk in through the doors of the convention center, the itradefair (used as a noun here) offers tremendous value for such absentees - both potential attendees and potential exhibitors - right at their fingertips.

    Tuesday, August 4, 2009

    Every Virtual Show Has a Raison d'ĂȘtre - Know Yours?

    This article is primarily meant for the event organizer. From an event organizer's point of view, the nice thing about a virtual fair is that it is open to interpretation. One person's virtual trade show might be another's exhibitor-listing or an interactive floor-plan, or vendor directory or just a webcast. It does not really matter. There is no right or wrong way to do it.

    What matters is whether the format chosen helps further the goals of the event organizer. What matters is to keep it simple and not let your technology vendor make it into a massive project requiring a major investment of resources, ignoring the fact that your virtual show is simply a means to an end.

    Your virtual show is to let your exhibitors and attendees know that you care about them after the tactile event is over. Your virtual show is to hand-hold the virtual participants until they have a tactile experience with the exhibitors' products and people. Your virtual show is to let them navigate the exhibit hall in whatever sequence they like. Your virtual show means giving your virtual participants the freedom to use their time wisely. Your virtual show means allowing the parent to attend the soccer game. Your virtual show means allowing the marketing professional to stay in touch with industry peers while caring for his dying father. Your virtual show is a considerate thing to do. It shows that the event organizer cares about the participant both onsite and online. Your virtual show might also be about lead-gathering. Your virtual show might also be about demonstrating ROI to the financial planning department.

    Try some corporate introspection to know what your virtual show is really about. Ask yourself the question, "Why are we doing it?" Then tell your technology provider or event planner what you want. Not the other way around. Stay in control of your virtual show, and you stay in control of your brand. Otherwise you risk dilution of your brand. The kind of virtual show at which you display your logo sends a message to the world. Make sure it sends the right message.

    Wednesday, July 29, 2009

    Triiibes - Beginnings of a Legacy

    A year ago, I became a part of Seth Godin's Triiibes, an online gathering of fans of Seth. The initiation that was required to be part of the group, the way it governs itself and the way ideas are exchanged for the greater good make Triiibes among the the greatest of permanent online venues that I have ever experienced in 10 years of doing online events in my own line of work.

    As part of Triiibes I have had the privilege of seeing Seth Godin's presentation in person during a preview of the book launch of Tribes - we need you to lead us.Triiibes helped me give finishing touches to my first attempt at an ebook that has since been very well received. Communicating with triiibals constantly gives me new perspectives and input from accomplished and generous individuals - on matters of work and life.

    Besides his insightful books and his blog, I believe that with Triiibes, Seth may have created one of his greatest, lasting, living and growing legacy. Thank you again Seth! Congrats to Triiibes on the first of many purposeful years!

    Wednesday, July 15, 2009

    Bookmarks that make Benjamin Button Blush

    When an itradefair attendee writes back "Really a cool site! I bookmarked it, but will I always be able to access it - or will the site (tradeshow) shut down at some point?" it makes us blush with pride. It is always nice to be 'favorited', added as a 'friend' or simply to hear things like "I enjoyed today's event immensely. Although we scrambled with a few problems, after the server was re-started, I experienced no problems. I really liked the new skins. They looked up-to-date and more sophisticated than the old ones, and having a broader variety of skins added to the diversity of the event. It was fun to open a booth and see a new skin."

    We just completed yet another highly successful itradefair for a closed corporate event yesterday. I want to list 3 lessons learned. We have been doing itradefairs for 10 years now; yet there is always something new to learn because we are basically dealing with humans, computers, the Internet, distance and time-zone differences - all variables, most of them dynamic as well.

    1. Embrace the variables. When we have to deal with as many dynamic elements in a live itradefair against a ticking clock what makes for a great itradefair is how well we manage all of the variables simultaneously and deliver a wholesome experience for everyone involved. That could mean devising quick workarounds, shutting down non-essential elements to isolate and neutralize possible issues, trouble-shooting for every single attendee no matter what their system limitations are, responding swiftly and satisfactorily to questions so that they do not escalate into something so huge that they sideline the entire event, all the while shielding the programmers so that they can do their thing without feeling the heat and the pressure, staying in a calm state of mind. Once we accept the fact that there are so many uncontrollable factors in delivering a live itradefair, it becomes easier to decide how to manage the genie and focus on delivering on the goals of the event.


    2. Convenience, Convenience, Conveneience. Here is a question that came our way for yesterday's online trade fair. "Please answer a question for me – I am unable to be online tomorrow from 1-4 – Is it necessary for someone to man the booth during those hours. Will the trade show be available for attendees until the end of the month? Is manning the booth online necessary at all or preferred?". Short answer: If online attendees like a virtual exhibitor's offerings, they will find a way to get a hold of the exhibitor. An itradefair must give them a choice of tools to reach out and make the connection, without tying them down to their desk. One of the reasons people keep coming back to do itradefairs is because it is so convenient. Do not let your passion for technology overshadow your passion for the convenience of your customers. Find a balance. (borrowed from Steve Ballmer's recent speech). I have started using a modified version of the word 'convenient' in my signature line, a deliberate mis-spelling that combines the words 'convene' and 'convenient'. I call an itradefair simply conveneient.


    3. Manage Expectations, but Beat Expectations. Virtual trade shows are not meant to replace tactile experiences. They can't. They are not the greatest thing since sliced peanut-butter. Focus on the quality of the audience, quality of interaction and quality of outcomes. Build in elements of wow for the audiences right in the middle of the event -- we soft-launched new graphics or skins in yesterday's itradefair and pleasantly surprised the audiences who clicked away not knowing how fascinating and captivating an itradefair can be. At the same time, they knew that it was not about the online experience, rather it was meant to be an efficient way to pre-screen participating businesses with niether party expecting the proverbial 10 million dollar contract to emerge right away at the virtual event. The itradefairs merely aim at creating pathways to that 10 million dollar contract, giving tools to cut through layers in business decision-making. That is all it is - an efficient reseach and interaction tool - and efficient process-improvement too - just a little fun-filled though. Do not forget to tuck in a few pleasant surprises even as you manage expectations.
    As we at iTradeFair.com prepare for the next decade, we will chart new waters. Every itradefair is so invigorating, it almost seems like we are doing a Benjamin Button with each passing year. Thanks are due for the past 10 years to our team of brilliant programmers and designers (and their supportive families) over the years, to our customers including several repeat-customers who have mentored and moulded our thinking and products, our forward-thinking prospects who direct our future vision, thank you to our formidable competitors who have helped make virtual events real by making them a part of business lexicon, and last but not the least to our investors and advisors without whose faith in us, we would not have made it this far.