Startups

How Startups Can Get Traction by Attending Trade Shows

  • 4 min Read
  • September 23, 2019

Author

Escalon

Table of Contents

 

Are trade shows worth it for your startup?

The answer is yes. While many businesses forgo trade shows for other forms of advertising, if you do this, you’re leaving money on the table.

Trade shows create an incredible opportunity for your startup to be seen. It’s a great place for people to try your product and see it in person.

What’s more, Meeting Professionals International found there’s a 40% close rate for meetings you have in person. Let’s say you’re selling hot tubs at a trade show – that’s 40% of your customers making a purchase.

That’s simply great marketing.

So, how can you make them work for you? Here’s how startups can get traction by attending trade shows.

Pick the Right Event and the Right Spot

This is the old adage: location, location, location.

When choosing your trade shows for the year, make sure you pick ones that make sense for your product line. You want to ensure the right people for your business will be there.

Next, once you choose a show, you want to pick just the right location for your booth. Check out the layout. Ask the show sponsors.

In addition, consider choosing a spot close to where they’re serving food. After all, everyone will stop by there. Finally, we often recommend choosing the corner booth. These are bigger and take up more aisle space overall.

Have a Professional Display

Just as you plan your marketing strategy, you want to strategize your booth display. This is an investment as you’ll use it for all your tradeshows for at least the next year.

Count on a standard size booth area of either 10×10 or 10×20. If you intend to choose corner booths, the size will be bigger. Once you’ve picked your shows, take a look at their booth dimensions so you can design something that fits in all of them.

You don’t want a booth that is too crowded because you want people to come in and talk to you.

Consider hiring a professional to design your display. It should be eye-catching, attractive, and contribute to your overall sales goals and strategy. You also want to consider lighting and touches for your display area that are memorable.

Give Items Away

It’s always a good idea to take a sampling of your products for sale with you as well as some informational pieces. Consider giveaways as a way for people to keep your startup top of mind.

The goal here is to give people something to remember you by. Spend a little extra here as you don’t want them to throw it away. Make sure you brand it for your startup.

In addition, have people give you their email addresses for the give-away because this is a great way to build your email list. Doing this one step alone gives you a lot of traction from trade shows.

Getting the emails of potential customers allows you to visit with them weekly in their inbox.

Have Enough Staff On-Hand

You want to staff your booth as fully as you can. There’s nothing worse than having a line of people waiting to talk to you, and you can’t meet their needs.

In our very busy digital age, people won’t wait very long to talk to your startup, so be sure to have enough staff to cover your needs.

Take this opportunity to build trust with your potential customers. One way to do this is by recognizing them and showing them you value their time.

Final Thoughts

The trade show is a place where your startup can get traction. You are immediately visible to hundreds, and even thousands, of people who might otherwise not have known about your startup.

Traction is vital to the success of your new business. If you get this right, you can bet other things will fall into place.

The traction you get at trade shows translates into more business for your startup. In turn, you’ll attract more investors and a great team to work at your new company. 

Are you a new startup ready to succeed? Are you looking to get your new business off the ground and watch it rise to success? We are here for you. We can help answer your questions and guide you through the process. Outsource your HR duties, finances, payroll and more to us. Contact Escalon today to get started.

Image: Product School on Unsplash

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Taxes

How to Maximize Your Tax Deductions: Essential Tips for Startups in Q2

Tax season often triggers stress and complexity—especially for startups laser-focused on building products, acquiring customers, and scaling operations. Yet savvy...

Read More
Startups

Mid-Year Financial Checkup: How to Assess and Adjust Your Startup’s Budget 

The halfway mark of any given year is more than just a date on the calendar; it’s a valuable checkpoint...

Read More
Consumer Goods

Inventory Accounting 101: Navigating Costing Methods and Their Impact on Financial Health 

For consumer goods companies, managing inventory efficiently is critical—not just for operations but also for financial health and risk management....

Read More
Technology & Security

Compliance Considerations for SaaS: Protecting Data and Staying Secure

As more businesses transition to Software-as-a-Service (SaaS) solutions, data security and regulatory compliance have become top priorities. From handling sensitive...

Read More
Accounting & Finance

How Outsourced Accounting Supports Scalability in Portfolio Companies 

For portfolio companies, whether backed by private equity, venture capital, or family offices, scalability is essential for maximizing value and...

Read More
Consumer Goods

Insights from a Consumer Goods Expert: Building Brands, Inventory Management, and the Power of Outsourcing

Insights from a Consumer Goods Expert: Building Brands, Inventory Management, and the Power of Outsourcing  In a recent conversation with...

Read More
Private Equity

The Key to Private Equity Success: Strong Financial Oversight and Compliance

Private equity deals are becoming larger and more complex, making financial preparation a critical part of the process. Take Novartis’s...

Read More
Accounting & Finance

Navigating Grant Management and Financial Reporting for Biotech Startups 

Biotech startups operate in a unique financial landscape, where securing grants, venture capital, and government funding is crucial for driving...

Read More
Accounting & Finance

Financial Compliance in the Decentralized Era: What Web3 Startups Need to Know 

As the world leans into the decentralized era, Web3 startups are at the forefront, exploring the possibilities of blockchain, cryptocurrencies,...

Read More