Face-to-face events are inefficient because
- exhibitors expect attendees to carry specially created marketing literature back with them
- participants are expected to remember everyone and everything they saw in the short time on the show floor
- attendees are expected to cover an entire show floor of 600 exhibitors in a matter of 4 hours.
Virtual exhibit halls that complement a face-t0-face exhibit hall plug those inefficiences by
- allowing attendees to obtain all marketing collateral online either before or after the face-to-face encounter on the show floor, allowing for the meeting to be more fruitful, easier for memory-retention, and easier to get more people involved than were actually there on the show floor.
- allowing attendees to research the entire show floor before or after the face-to-face event, leaving no exhibitor unmet.
- allowing the producers to entice the 67% absentees to get a peek into what they missed to the extent possible, knowing that the rapport built with a face-to-face meeting is tough to replicate through a virtual encounter.
Let us see where Virtual Fairs fall short.
- Virtual exhibit halls on the other hand, while great for pre-screening and post-meeting follow-up by the participants, may still need a warm handshake, the look in the eye and a face-to-face meeting to start moving towards a level of trust.
- It is a fallacy to assume that people will spend hours on the internet in one virtual trade show after another. It can get tiring after the first hour. That is why a really good search engine is important in a virtual trade show.
Picking up on that last point, a recent story on a research paper by Dr. Arig Sigman caught my attention on BBC. Dr. Sigman's paper, titled 'Well connected? The biological implications of ‘social networking’ says that face-to-face meetings are healthy for humans. It is an interesting paper.
Face-to-face meetings will spring back even if there seems to be a rush towards virtual meetings at present. What I hope is happening, is that this new surge in virtual meetings is a reflection of (a) event brands attracting newer participants who never made it to face-to-face events, (b) the creation of new meeting brands that were not there in the face-to-face world, and (c) traditional media companies embracing new technologies to make their face-to-face events a multi-dimensional experience rather than an escape from the cubicle.