The exhibition is influenced by many factors that cannot be predicted: weather, news, epidemiological situation, the effectiveness of integrations of other brands. It is important to look at the performance indicators of the event in a comprehensive manner. If you understand that it will be difficult to achieve your goals, you have at least three options.
- Increase the effectiveness of what is happening at the moment. Work with conversions. Your stand is in a remote hall and your stand is empty. So make an agreement with the organizer - let the promoter / manager of the exhibition and persuade everyone who came to the Trade Fair come to visit the stand. Agree on an additional bonus for visitors to the exhibition “only today and only now” and focus on this benefit for everyone who has reached the stand. Agree with the organizers on additional announcements or distribution of brand promotional materials in the most accessible places. Achieve the achievement of event performance indicators not because of, but in spite of.
- Set new goals: For example, you are making a presentation in virtual reality and you are counting on a certain number of viewers. But they are not (the real case of one of the regional ministries). Who is to blame for this, you will figure it out later, but for now you need to think about how to get the most out of the situation. As an option: find a way to catch up on the presentation of "bots", hire a virtual operator, mount a dynamic video based on the results of the event and be sure to put it in the media, accompanied by an article that the ministry is modern, visitors are interested in the topic of speeches, and in general we are for the first time in Russia look what they did. Yes, the "number of visitors" goal failed. But how much coverage can you get in the media! It might even turn out to be much more profitable.
- Look at the situation more broadly: What else did the brand gain from participation? We look at another measurable benefit that you brought to the business. “There were 130 people at our master classes, but 45 of them immediately made a purchase after MK, and ten of them became regular customers!” I translate into numbers: the conversion to the first purchase is 34.5%, of which another 22% to regular customers. LTV on profit for the year is more than 60K $ with a total cost of materials for the master class of 18 K. There were no purchases? Ok, let's dig further. “Ten bloggers with more than 100,000 subscribers, two newspapers and the BBC website wrote about our master class! For free!" PR VALUE of our master class is more than 350,000 $. This is the amount that we would spend if we were buying ads of the same volume for money. The total coverage in social networks is more than 20,000 people, with the cost of organizing a master class of 90,000 $, CPV (price per impression) was only 4.5 $.