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Event attendees missing out on sales, says research

World
Event attendees missing out on sales, says research

Millions of business professionals who attend and exhibit at trade fairs, conferences and other major networking events around the world each year could be failing to convert business opportunities made onsite due to poor sales and marketing tactics and careless post-event follow-up, according to research published  by Cvent at IMEX Frankfurt.

More than 2,000 UK business executives took part in the research commissioned by Cvent. All respondents had attended at least one trade show, conference or major business networking event in the past twelve months.

Generic onsite sales pitches, misspelled names or incorrect company labels and job titles in follow-up communications, pushy and overly assertive salespeople, ‘hard-sell’ techniques and selling unsuitable products or services as well as being harassed by persistent phone calls were highlighted as top reasons attendees would not do business with exhibitors, sales teams and other contacts who were following up post-event.

When respondents were asked what factors would most make them want to continue and progress business with someone post-event, more than a third (34%) said ‘if they remember important aspects of my business needs’ and a further 22% ‘if they made [the follow-up] personalised’. A further 17% said ‘if they reached out to me after the show before I reached out to them.’

Nearly a fifth (19%) of respondents said they like to connect with a contact they made at a Show/event within 24 hours after the event has ended. Nearly half (47%) wanted to be contacted within a few days whilst everything is still top of mind.

Nearly half (42%) said they preferred email to be the first point of contact after the event with a further 22% saying an email first then a phone call.  Just 15% like the first point of contact to be via the phone. 12% said they prefer to be contacted after the event via social media, such as LinkedIn.

Judy Elvey, director of marketing at Cvent, said: “Exhbition and conference attendance plays a crucial role in helping to boost a company’s sales pipeline. Yet exhibitors still struggle to capture and follow-up on leads efficiently and miss pivotal opportunities to maximise face time with prospects onsite – which ultimately means lost revenue.

“Making each interaction more customer-centric, ensuring communication at every stage is personalised, and following up with contacts in a timely manner post-event are all vital if sales and marketing teams want to get the best return on investment when they exhibit at or attend events.”