Smart event marketers know that the goal of any big conference or trade show is to meet with fellow attendees, and turn those meetings into money. But here's the thing: getting those meetings is a lot easier said than done.
In this new Run of Show video, we walk through our strategy for using VIP passes and leveraging an exclusive event to increase meetings leading up to a conference.
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On this week’s Run of Show, I'm gonna tell you my top secret move to dominate every conference. I bet you've been in this situation before: You're in a war room and you're deciding if you should go to this year's big industry trade show. We were in this position a couple months ago as we were thinking about SXSW.
Do you throw a big event? Do you just send people? Do you have a booth? Or do you not go at all?
And that conversation will undoubtedly lead to question... what was the ROI from last year? So you'll pull up the RSVPs and see who actually attended and who turned into money. What we've learned at Splash, though, is that this isn't the best way to look at it.
Your event at a conference is actually your bait – it's the currency you have to use for your broader plan of attack. And the real question here is – How many meetings can you get? How many touch points do you have? And how do those turn into money?
We all know that getting meetings is the goal. And we also know that it's really hard to get meetings at these conferences. Why would someone meet with you –for essentially a live cold call – when they could be having a margarita with their other executive friends?
We found that the move is this: about a month in advance, reach out to people with a VIP pass – a "skip-the-line VIP pass" to an desirable event. That's why the event matters: you need it as bait.
Once you reach out with the VIP pass, for the next month you're looking to set up a meeting time – a time for you to actually sit down, hand them that skip-the-line VIP pass, and get to know each other a little bit.
And offering someone a VIP pass is one thing, but giving them something in that moment is actually the powerful exchange – the moment of reciprocity.
What I've found is, you don't want to give them something like a crappy wristband. A wristband is fine, and if it's a nice material, you might use it...right? Maybe, but since this is for an event they'll likely rip it off and throw it away right after the conference.
What you're really looking for is something with a little bit more intrinsic value.
The bracelets we did this year for SXSW said "Very Important" on them and they were made of metal. It was a sort of cool little friendship bracelet.
A couple years ago, we actually gave away lighters and said, "Show up at the door with this lighter. You can get in, and skip the line." One year we gave away a hologram with a graphic by Android Jones, and the event poster on the back.
The idea is that at the end of this meeting you're going to give them something valuable, and leave them feeling special.
And then, they might show up to your event or they might not, but who cares?
The point of this is that you got the face time, you had an opportunity to build some rapport, and you gave them something. You had the opportunity to begin a relationship with giving, and that's invaluable.
As I mentioned earlier, we were about 30 days out from SXSW. We spent around $60,000 on this event, and already in pipeline was about four times that. Now that’s pretty awesome.
• The bait: You need to create a valuable experience – like an event or exclusive dinner – to offer VIP access to.
• The exchange: Give your top prospects something that feels valuable, that you can feel proud to hand off and that they're going to want to bring home with them.
• The measurement: Measure your event not based off of RSVPs, but on total meetings – and really energize your team and incentivize them around that.
And I think you'll find that you're ready to dominate your next trade show.
By the way, I'm always looking for new ideas to hand off as these VIPs passes. So if you have any ideas, tweet them to me at @bennydotevents. This is one of my favorite puzzles to solve – what's small enough and cheap enough that I can hand it out, but valuable enough that it's worth keeping?
And hey – good luck at your next trade show.
Got a lot of VIPs coming through the door? Check out our tips for running the door at your biggest VIP events or other Run of Show videos.
Ben Hindman is co-founder and CEO of Splash, the country's fastest-growing event marketing platform that helps businesses and brands more effectively market through their events. An event planner turned tech entrepreneur, events are in Ben’s DNA. Prior to starting Splash, Ben was the Director of Events at Thrillist, where he produced large-scale events from concerts to mystery fly-aways.
