Thursday, July 13, 2006

The Inside Scoop on Tradeshows — What They Are and How They Work

The Nuts and Bolts

Suppose you run an E-Biz specializing in floral arrangements. Imagine coming across a huge mall devoted entirely to — you guessed it — flowers. You'd probably be pretty excited to find such an amazing source for products and ideas. Well, when you attend a tradeshow, that's basically what you're getting. At a tradeshow, many vendors within one particular industry set up exhibits to provide information on their products and services.

Different tradeshows typically represent different industries, and only members of legitimate businesses within those industries are allowed to attend. So to go, you'll need to prove you own, or buy for, a qualifying business — whether you run a brick-and-mortar store or an E-Biz. That means you'll need your business card, tax ID information, and probably a credit card or check with the name of your company, or an invoice from a vendor, indicating you're a buyer in that industry.

What's In It for Me?
Steve Bergon, senior vice president of CTI Convention Staffing (CTIConventionStaffing.com), whose company provides staff for hundreds of tradeshows annually, feels that the most important thing a retailer gains by attending a show is information. There are conferences and products all centered on your specific field of interest. Bergon enthuses, "This is where you can pick up a great number of ideas. You can see exactly what your competition's offering."

Additionally, many vendors at these conventions will bring out their newest products — ones that may not hit the market for months — and allow you to pre-order them. And sometimes exhibitors will have specials on specific products and give you discounts for buying them at the show.

3 Tips to Being Prepared
When you invest time and money to attend a tradeshow, you want to make the most of it. That's why it is so important to be prepared. Here are some simple steps you would do well to follow:

    1. Pre-register. Most of these shows allow it and many require it. In addition to potential savings on registration fees, you can save yourself considerable time when you get to the convention.

    2. Have productive questions ready for the exhibitors: how quickly can they deliver, how fast are their reorders, etc.

    3. Think ahead. Anticipate your needs:

      a) Pad and paper — you'll want to keep track of who impressed you.
      b) A sufficient amount of business cards. Typically an exhibitor can scan your ID badge and get all your contact information; however, if that's not the case, you want to be ready.
      c) A knapsack. You're going to be collecting information all day and carrying it around — you'll want some place to put it.
How Do I Find the Tradeshow I Need?
Bergon suggests two sites in particular for finding tradeshows: TradeshowWeek.com and Tsnn.com. You can type in your industry and your city, and they'll show you the events that are coming into that particular venue.

If you live in a smaller city, you may have to be willing to drive a bit. But Bergon feels it's well worth the sacrifice. He explains, "You get a marvelous opportunity to get a heads up on your competition and reap the benefits and rewards. Zone in on the tradeshows that you feel would be most appealing to you, or are in closer proximity to where you're living, and take it from there."


BIOGRAPHY:
Product Sourcing Radio is Created and Hosted by Chris Malta and Robin Cowie of WorldwideBrands.com, Home of OneSource: The Internet's Largest Source of Genuine, Factory-Direct Wholesalers for online sellers. Click Here for more FREE E-Biz & Product Sourcing info!

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