There are 10,000 business to business trade shows [1] held annually in the US and Canada that are tracked by the Center for Exhibition Industry Research (CEIR). The 1,500,000 plus exhibiting companies at these events in 2007 rented over 1.5 million Net Square Feet (NSF) of exhibit space and spent an average of $216 [2] for every attendee with whom they had a face to face conversation in their booth. All of this activity and money, $15 billion in the USA in 2007, generates literally millions of trade show leads, which according to CEIR, upwards of 80% are never followed-up – Ever!
A significant percentage of trade show leads never make it from the booth to the sales organization because of trade show lead management issues. If and when they do arrive, sales people complain that either the leads are worthless because they have no qualification info, or they arrive so late that they are too cold to warrant any effort. In either case, they usually end up at the bottom of an already large stack of less than productive opportunities and with that goes all that hard work and money.
The reasons for undelivered leads or sales getting worthless or late arriving trade show leads vary by organization and industry but by far and away the major contributor to the problem is the fact that trade show leads are different from those generated by the Internet, direct mail and media advertising and far more difficult to handle. If you think you can simply take trade show leads from the exhibition booth and drop them into your CRM system for distribution to sales reps you are in for a big surprise! Trade show leads are square pegs – they do not easily fit into the round processing holes of your CRM system.
First is the data completeness – much of it lacks qualification information. It is commonplace for exhibiting companies to rent badge scanning equipment from the show organizer to read the demographic data contained on the attendee admission badges and record some simple, preprogrammed "qualifiers" such as "SEND INFO" or "ADD ME TO YOUR MAILING LIST" to help with trade show follow up. These trade show scanners usually print a paper record of the badge information on which notes about the attendee’s interests can be hand written. Unfortunately, the information collected is rarely adequate to determine which leads are "sales ready" and in most cases it is not formatted for easy analysis. Exhibitors who choose not to ask to have their rented scanners preprogrammed with customized qualification data or simply collect business cards and write the notes on the back face even larger issues going forward.
Second is the time factor – trade show leads age very quickly. Everyone knows that to get the most out of your trade show investment you must get to the "hot" prospects before your competition. Since all of your competitors emerge from a trade show with the same list of leads, the sales organization that can focus on the high priority leads immediately will have the first crack at the high priority opportunities. The sales rep going straight for the A leads will beat the rep working alphabetically every time but the trick is identifying who are the A leads.
Third is the data quality – it is not very clean. The lead data coming from a trade show is more complex, contains more errors and is in a different format than any of the other lead data generated by web based, email or direct mail campaigns. Each show employs a different lead retrieval system for collecting and storing lead data.
At the end of the show the trade show leads are commonly made available to the exhibitor on USB memory sticks or files downloadable from the show’s website. In addition, show organizers use different schemes and formats for storing the lead data. If a company exhibits at 15 shows annually they have a good chance of seeing a dozen different, yet equally challenging formats and many IT organizations are not staffed or motivated to effectively handle the data. Simply put, there is nothing simple about processing trade show leads.
For exhibiting companies trade shows are classic good news, bad news propositions. The good news is that you have the opportunity to set up a branch office in the middle of hundreds or even thousands of potential customers. The bad news is that your competitors have the same opportunity and the prospects will see them all. When the show is over the race for trade show sales is on and as was once said, "… winning isn't everything, It's the only thing!"[3]
[1] Events with 3,000 net square feet of exhibit space and 10 or more exhibiting companies
[2] Exhibit Surveys Inc. – Annual Trade Show TRENDS 2007
[3] Henry Russell ("Red") Sanders – UCLA Football coach 1956
When talking about trade show lead capture, exhibitors have two viable options: the trade show scanner offered by the show or third party trade show software. Let’s explore the argument against using the show provided system.
Working in your company’s trade show booth can be a tedious experience. Sometimes you are on your feet for 8 hours at a time, there are lulls in booth traffic, and you have the same conversation over and over. This makes it very difficult to motivate the booth staff. Below are some tips on how to keep your staff motivated to collect trade show leads.
Every time I go to a trade show with a client I see exhibitors with really nice giveaways. They want to increase traffic to their booth, and it works. These booths are normally packed with people wanting to be scanned so they have a shot at winning. Having a giveaway or promotion isn’t a bad idea; everyone wants to draw traffic to their booth. But if you do this you have to remember your ultimate goal: trade show ROI. 







