Events' Uneventful Downfall

Humankind's oldest, events remain, if not the cheapest, the best marketing channel.

But CMOs aren't keen on them, according to a report by The CMO Club.

While 7 of every 10 CMOs surveyed say events accelerate sales, 2 of every 3 say events aren't measurable; and 7 of 10 say events' "accountability gap" throws into question the event spend.

The accountability gap "creates challenges at budget time when the funding decisions are being made about events," according to the report. 

"While events are deemed critically important, they often lack the supporting financial data to objectively prove their value. Compared to other components of the CMO’s marketing mix that have become more sophisticated in measuring ROI, event marketers are lagging in their ability to connect the dots between activities and demonstrated results."

The accountability gap also makes choice difficult―the chief reason companies exhibit in the same events repeatedly, complaining all the while about lack of ROI.

What's a marketer to do? The report suggests you should:

Set unique goals for each event. "Not all events have the same purpose," the report says. "Some are designed to generate new leads and accelerate opportunities currently in the pipeline, while others are focused on strengthening relationships with key customers and gaining feedback to improve how marketers can better respond to their needs." Setting unique goals "will create a foundation for capturing the appropriate data to analyze the events against the stated objectives."

Create unique plans for each event. "Silos" often prevent cooperation between marketing and sales, pre-, at-, and post-event. Preparing written plans will knock down the silos and encourage both groups to capture relevant data.

Deliver an experience. This is mandatory. Quit simply checking boxes. Pick up the phone and call people before every event, be ready with a strong value proposition, and deliver it on site. If your event isn't an experience, it's a waste of time.

Feed your marketing automation and CRM systems. "Rarely are events judged on the revenue produced at that event," the report notes. "Opportunities discovered at the event take time to close and require significant post-event nurturing from marketing and follow-up from sales." Unless you import event data into your marketing automation and CRM systems, you can't track results.

Measure both activities and sales impact. Data captured at events should demonstrate ROI, not just reflect a bunch of activities. Ask your CMO to help you create C-suite-appropriate reports.

If events don't become a measurable marketing channel, they'll continue to be seen as a grievous expense, rather than an income-producing asset, the report concludes.

That could be their downfall.

Event Marketers Missing the Boat

When it comes to leveraging attendee data, event marketers are missing the boat, according to a new study by Cvent.

The company asked 400 of them what they believe:

• Only 29% say they're good at collecting attendee data
• Only 20% say they're good at integrating it into their systems
• Only 23% say they're good at using it
• Only 38% say they understand what attendees do on site
• Most―75%―say they're missing opportunities by not integrating more attendee data into their efforts

It's not as if nobody cares. 

Among event marketers, 81% say collecting and harnessing attendee data is "extremely important."

Should Event Producers Mimic Luxury Retailers?

Luxury retail is dog-eat-dog. Unlike event producers, players in the business must stay ahead of audiences to survive. That's why they're hyper-focused on consumer trends.

Sabre identifies five of those trends in a new report, The Future of Luxury.

To survive in luxury retail, the report says, you must satisfy "individualized and transformative forms of luxury consumption" that deliver a cosmopolitan and existentialist jolt.

"More consumers are becoming aware of the isolating effect of social media ‘echo chambers.'" the report says. "This is accompanied by a growing desire to not only broaden personal horizons, but to find purpose and cultivate empathy for others while doing so."

Consumers' craving for self-actualization manifests itself in these five trends—five trends event producers would do well to acknowledge:

The Quintessential Self. Luxury brands that abet self-discovery are hot. For just $3,500, Maverick Helicopter’s Yoga in the Desert will whirl you by helicopter from Las Vegas to Valley of Fire State Park for a 75-minute yoga class.

No-Frills Chic. Luxury brands that shout "simple" are hot. For just $140,000, Airstream will sell you a camper trailer you can haul into the woods.

Premium Redeemed. Luxury brands that better the planet are hot. For just $2,125, you can stay a night in Nekupe, a posh resort in Nicaragua’s countryside that helps local farmers earn a living without the slash-and-burn technique.

Extravagance on Demand. Luxury brands that harness phones are hot. For just $3, Recharge lets you book a high-end hotel room in New York City by the minute.

Customized. Luxury brands that are personalized are hot. For just $169, DNA Unwrapped lets you plan vacation trips based on your chromosomes.

Sponsors Want Spillover

Rigid thinking causes most trade show organizers to continue peddling sponsorships like they were ads, when today's sponsors want something much more valuable.

Sponsors want spillover.

Spillover results when attendees transfer their good feelings about an event to its sponsors―an effect no ad can produce.

While today's marketers believe awareness―the outcome of advertising―is hard to measure and cost-justify, they don't feel that way about engagement―the outcome of sponsorship.

Today's marketers will sponsor an event to engage people within communities; to build relationships and demonstrate market leadership, customer care, and social responsibility. 

They'll even do it merely to block a competitor from doing it.

But they won't sponsor an event for awareness.

How to Name Your Event

My business partner and I are at work on a new name for an event. The conference has outgrown its birth name (as every conference should). It's time for something different.

My standards for a good event name are few:

• It should be descriptive ("The Builder's Show") or evocative ("Magic"), or both ("Dreamforce")
• It should be short ("CES")
• It should be enunciable ("TED")

Event marketer Tony Patete has more complex standards:

• It should be straightforward ("The Startup Conference")
• It should be a keyword ("INBOUND")
• If an acronym, it should not spell anything unseemly ("TURD")
• It should avoid braggadocio ("The Best Conference Ever")
• It can be a portmanteau ("ComicCon")
• It can both evoke and amuse ("Brand Camp")
• It should not already be in use ("Apple")

Naming or renaming an event need not be hard. I once renamed a puny conference with the laughable name SCUC (Satellite Communications Users Conference) using only my delete key. Today "Satellite" attracts over 13,000 attendees.

When your event's name doesn't cut it, a tagline can help. While no cheerleader for taglines, B2B marketer Gary Slack agrees:

• A tagline can help explain what is new, unknown, or poorly named
• A tagline can help communicate purpose, difference and value
• A tagline can foster esprit de corps

Slack has his own simple set of standards for a tagline:

• It should be necessary in the first place; otherwise, it's clutter
• It should clearly communicate a strong promise
• It should avoid corporate speak and pedestrian "happy words"

One of the better taglines I ever wrote was for CES: "What the World's Coming To."

Although lots of folks liked the slogan, it lasted only a year.

A newly appointed marketing director killed it, telling me, "Taglines are stupid."

He lasted much less than a year. But the tagline never resurfaced.

Why Event Organizers May Lose Their Shirts

An old joke goes:

Two partners are arguing over their shirt-retailing business.

"Sol, how can we go on buying shirts for $4 and selling them for $2?" one asks.

"Mort, don't worry!" the other answers. "We make it up in volume."

B2B marketing has long resembled Mort's approach.

But a trendy new form of B2B marketing, account-based marketing (ABM), throws out the "volume-based" approach to lead-gen, concentrating the marketing spend instead on a finite set of prospects.

And—unless they begin to help ABM practitioners—event organizers will soon find themselves losing out to digital channels.

Why so?

Because, for decades, events have always been, more or less, about volume.

Set up an exhibit. Wait for a ton of traffic. Meet and mingle. Rinse and repeat.

But ABM represents different thinking.

ABM means a "shift from volume to engagement," says Cindy Zhou, an analyst with Constellation Research and author of the white paper Why B2B Sales Success Requires a Holistic Account-Based Strategy.

By "engagement," Zhou means targeting "ideal buyers" with "personalized content."

At events, she says, ABM practitioners need to attract specifically targeted accounts to their booths, and present them content designed to convert them—quickly—into customers.

Tirekickers need not apply.

"Organizations adopting an ABM approach see higher conversion rates and deal sizes and an increase in cross-sell and upsell opportunities," Zhou says.

Zhou also say that 9 out of 10 B2B marketers she's in touch with have adopted ABM.

Yet event organizers remain clueless, refusing to provide the data exhibitors need to zero in on ideal buyers.

Case in point.

I recently asked the organizer of a large manufacturing show to allow my client to target accounts on his registration list with pre-show phone calls designed to attract them to the client's booth. Not his whole list (that would have been foolish); merely a select group of attendees.

His answer was a resounding, "No!"

"If I did it for them, I'd have to do it for every exhibitor."

Duh. What's wrong with this picture?

Event organizers are sitting on a mountain of data. Exhibit marketers—9 out of 10, if Zhou's followers are representative—need a bit of it. Why not help them?

If you won't, they may abandon events in favor of digital channels, which provide more data than they need.

What, you expect to make it up in volume?

HAT TIP: Thanks to Cindy Zhou for inspiring this post and providing a free copy of her white paper.

Doctor, Doctor

Why do 7 in 10 B2B marketers say events are the very best marketing channel?

The answer's simple: ROI.

Events routinely deliver big brands 5X ROI; small ones, 3X to 5X ROI.

"In-person events simply have more impact than all the social media posts and email newsletters in the world," says Michael Brenner, CEO of Marketing Insider Group.

Events allow you to generate leads and close sales; connect with buyers' emotions; expand your community; drive social media engagement and website traffic; and create months' of newsworthy marketing content.

But as importantly, Brenner says, events let you diagnose the cause of buyers' pain.

For inquisitive marketers, chatting with buyers over coffee, recording their comments at conference sessions, or conducting surveys through your event app may be just what the doctor ordered.

"You may discover a problem with your product or service that is the root of unexplained customer churn," Brenner says. Just as likely, "You could uncover strengths you didn’t realize you had."

Bad Apple

Why does Apple seem bent on sinking your event?

In the past 13 months, the tech giant has taken shots at three activities vital to your event's well-being:

• In August 2016, Apple released Version 10 of iOS, which lays siege to your email marketing program. Version 10 begs users to opt out of senders' lists by displaying a mammoth unsubscribe banner above each incoming email. Opt-outs have soared ever since.
  

• In June 2017, the company announced its next version of Safari will block retargeting, so your ads won’t stalk prospects any longer. Safari will "sandbox" any third-party cookie after a day; and if the prospect doesn't revisit the site that dropped the cookie within that period, Safari will prevent it from dropping another, should she later return. Ad agencies are in a lather over Apple's move.
  
  
• In July 2017, Apple triggered "Appageddon" by prohibiting "white label" apps (built from templates) from its App Store. That includes the vast majority of event apps. Marketers must forfeit event branding in favor of the app developer's branding, or resort to paying for custom event apps.

Fight of the Century

Tradeshow versus Digital is going to be a slugfest, says event-industry consultant Francis Friedman in his new, 287-page book, The Modern Digital Tradeshow.

Nimble contender Digital could handily clobber the out-of-shape champion.

Digital has already driven Tradeshow from marketing's "center stage" onto a "specialized side stage," Friedman says; and, unless the latter regains its magic, Digital could win by a knockout.

Friedman prescribes a rigorous, three-legged regimen to help Tradeshow get back in trim:

• Redefinition. The tradeshow industry's "analog" business model is passé. "Our industry must change from its static 'show' industry self-concept," Friedman says. "We must view our future as a branded content and experience provider, and integral omni-channel member of a target community." Unless the industry rediscovers a purpose—its raison d'être—it will be excluded from the b-to-b marketers' club.
  
  
• Transformation. Organizers need to embrace event tech—now. There's simply no more time to debate the topic. "The tradeshow industry must now play catch-up to the changing digital marketing landscape through a fundamental shift in its historical business model and product configurations," Friedman says. Event tech that "animates" events and enables exhibitors to verify ROI will matter most—gizmos like VR, AR, AI, beacons, bots, holograms, and drones.
  
  
• Rebranding. The event industry needs to discover and express a new and dynamic "personality," or its transformation into a digital player will go unnoticed. "In the current tradeshow organizer model, 'the show' is inanimate, occupying a specific date and time on the calendar of its marketplace and unable to 'act.'" Friedman says. "'The show' per se has no arms or legs, no voice and no ability to act or interact with its market. 'The show' is just booths on a tradeshow floor at a given time and in each place."

Friedman for years—via keynotes, articles, books and white papers—has been prepping tradeshow organizers for the coming match. With The Modern Digital Tradeshow, he's provided the playbook they need to go the distance.

NOTE: The Modern Digital Tradeshow is available free on the author's website.

Is Your Event Profit Proof?

What's the "inconvenient truth" about selling online?

You'll go broke, says blogger Steven Dennis.

"Only a handful of venture capital-funded “pure-plays” have (or will ever) make money," Dennis says.

The rest (including Amazon) operate at below-average margins for the retail industry, amassing huge financial losses year upon year.

Of themselves, free shipping and liberal return policies guarantee these companies will remain "profit proof," Dennis says.

Worse yet: the cost to acquire a customer. When it comes to customer acquisition, web retailers suffer "diseconomies of scale," Dennis says.

"Many online brands attract their first tranche of customers relatively inexpensively, through word of mouth or other low cost strategies," he says.

But then, marketing costs start to escalate.

"As brands seeking growth need to reach a broader audience, they typically start to pay more and more to Facebook, Google and others to grab the customer’s attention and force their way into the customer’s consideration set," he says.

"Early on customers were acquired for next to nothing; now acquisition costs can easily exceed more than $100 per customer."

The higher the acquisition costs, the lower the gross margin on the resulting incremental sales, a dynamic that eventually lands the business in hardship.

Whenever I plan an attendee acquisition campaign for an event producer, I budget the marketing efforts using, give or take a few bucks, the same amount of money Dennis mentions—$100 per attendee.

Want 500 attendees? Plan to spend at least $50,000.

Some event producers balk—How can it cost so much?

But after more than three decades in the event-promotion business, working on events large and small and in a variety of industries and professions, I've found it a real-world rule-of-thumb.

And most producers who spend that kind of money on marketing can, in fact, run a successful event and go home with a tidy profit.

The "diseconomies of scale" only enter the picture when registration fees are low ; or when producers discount and give away registrations; or—the worst case—when admission to the event is free.

Of course, attendees are a necessary evil: without any, exhibitors have been known to complain. But they need not have "negative value" when registration fees are low (or nonexistent).

Attendees can be little ambling profit centers.

How?

Sell attendees livestreaming.

Events are cornucopias of content. When you capture that content on video, you can sell it to attendees for post-event consumption. None of them can be in two places at once, so none can possibly imbibe all the content you offer. What's more, every attendee loves to share good content with colleagues "back at the ranch." Why deny them that pleasure?

And why make your event "profit proof," when it can be enormously the opposite?  "Back-of-the-room" sales of livestreaming come cheaply, because attendees are already in your "store." The gross margin on the incremental sales you make will come at an extremely low rate—almost for free, if you already videotape content for projection purposes, as most producers do.

Want more food for thought? Check out my posts "Conference Planners: There's No Sin in Syndication" and "Just be Willing to Believe."

NOTE: CEIR reports that average attendee-acquisition costs currently range from $14 to $20 per person. But I don't believe the figures are reliable. My own past research, done in the 2000s, showed acquisition costs to range from $68 to $80 per person. CEIR's report, nonetheless, can help any producer get a grip on event-industry spending trends, and is worth studying.

Event Producers: Bodies at Rest

A body in motion stays in motion; a body at rest stays at rest.

— Isaac Newton

Most B2B events are tired, creaky and ridiculous. And it's no accident.

Most event producers are lazy.

Decades of easy money have made them that way.

That's not to say they're the only lazy businesspeople you'll encounter.

Laziness surrounds us—and runs rampant in industries where easy money once was made. Banking. Stock trading. Real estate. IT. Retail. Advertising.

Ad exec Mitch Joel—who calls laziness not sloth, but self-approval—laments what he sees in his own industry. "There is no doubt that certain strategies and tactics work, but it's the lazy mentality that has got me down these days," he says.

Folks in advertising, Joel says, are allergic to "long, hard and disruptive work." They're unwilling to wake up in the morning and say, "Today is a great day! We're going to destroy what doesn't work, test more things, tweak others, build newer metrics, and keep at it."

You might say they need some woke.

A lot of businesspeople need some woke. Instead, they're imbibing hype.

Hype is particularly dazzling to event producers, says event planner Warwick Davies, who's down on the hype-of-the-month: event tech.

Event tech promises panaceas, but really offers little more than quick-fix "gimmicks," Davies observes.

Gimmicks won't resurrect a dead event.

"Sure, there are some tools and processes which will make your event more efficient and easier," Davies says, "but none will fix an event which is poorly conceived, researched, and not wanted by your prospective audience."

No silver bullet can substitute for long, hard. disruptive work.

"If your philosophy about how to create a valuable event is wrong, there’s no amount of technology that is going to save you," he says.

Why are Conferences Dying?

Millennials are killing dozens of industries, according to Business Insider.

"Psychologically scarred" by the Great Recession, their wayward generation is boycotting:

• Retail outlets like banks, department stores, and home-improvement outlets
• Chain-restaurants like Applebee's, Hooters and Ruby Tuesday
• Groceries like beer, cereal, and yogurt
• Household goods like bar soap, fabric softener, and napkins
• Sports like pro football, golf, gyms, and motorcycles
• Luxury items like diamonds and designer handbags

Will conferences be next?

Many industry watchers predict so; and some producers are clearly anxious, if this ad's any indicator:

But for the scrappy producer, as Mark Twain said, "the reports of my death are greatly exaggerated."

That breed of producer is testing the participatory "unconference," embracing the design ideas of trailblazers like Adrian Segar.

Segar insists old-school conferences "unconsciously promote and sustain power imbalances"—imbalances anathema to new audiences, who crave equality opportunity with producers and presenters to influence outcomes.

The power imbalances stem from producers' "underlying belief that when you lose control everything turns to chaos," Segar says.

"Meeting stakeholders and planners typically subscribe to this viewpoint because they can’t conceive of (usually because they’ve never experienced) a form of meeting that successfully uses a different kind of power relationship."

It's high time conference producers abandoned that viewpoint.

Or it's Goodbye, Ruby Tuesday.

Conference Planners: Make Every Moment Instagramable

Planners, I pity you.

You haven't cracked Gen Y's code yet.

Now you have to wow Gen Z.

The US Census Bureau reports 74 million people belong to Gen Z. In just three years, they'll represent 40% of attendees.

Their intolerance of passivity makes the rest of us look like sheep; so does their penchant for social media activism.

And therein lies both the problem and the solution, says Skift.

No longer can you deliver your grandfather's conference and expect Gen Z to stand for it—or sit through it.

“If it’s not interactive, they’re not going to stay at the meeting,” planner Cindy Lo tells Skift. “They need to be entertained and they’re looking for those Instagramable moments.”

But if you try only to razzle-dazzle Gen Z members, Lo says, you'll fail. You have to razzle-dazzle them authentically. And you have to do it long before they'll even register.

And you have to do it long before they'll even register, because they judge a conference's real values before deciding to engage.

“Gen Z can sniff out fake so fast,” Lo says.

But how do you avoid appearing "fake?"

One way: avoid interruptive calls-to-action like "Tweet this!” in your marketing. Gen Z members understand marketing better than previous generations and abhor tacky commands.

Another: be Instagramable in your marketing. Use tons of imagery to promote your event, keep your copy short, and make both mobile-friendly. You'll not only convert more Gen Z members into attendees, you'll turn them into advocates for your brand.

Stirred, Not Shaken

An angel investor and a tradeshow producer, Marco Giberti and Jay Weintraub, have pooled their considerable talents to write the 185-page book The Face of Digital, a look-see into the turbulent tradeshow industry and the changes that will be wrought by technology in the coming five years―a time they agree "will redefine the way we think of digital media in connection with live events."

Tradeshows, "the original social networks," can stand a stirring, the authors insist. Exhibitors, who foot the bills, cannot calculate ROI; and attendees, shows' raisons d'etre, can barely navigate them.

But the improvements wrought by tech will be gentle, the authors say.

"The events industry is not ripe for a disruption, in the mold of Uber or Airbnb," they write. "Instead, it's more likely that hundreds, even thousands, of small players will emerge to solve individual problems."

Among the problems solved by digital technology:

• No attendee will ever again stand in a line to get in; apps will let them buy their badges weeks in advance, in seconds.

• No attendee will ever again feel lost in a crowd; apps will signal when friends are nearby.

• No one will waste time scrutinizing inscrutable signs; apps will recommend the best path to the next booth you want to visit.

• No attendee will ever miss a speaker's session; livestreaming will let her watch it on demand.

• No attendee will ever go home empty-handed; matchmaking apps will connect her to other attendees and exhibitors even after the show.

• Exhibitors will no longer pay a penny for drayage; products will be demonstrated in virtual reality.

• Follow-up will no longer be dismal; CRM systems will automate and personalize the activity.

• Exhibitors will no longer grouse about foot-traffic; beacons will smooth crowd-flows.

• Rainforests will no longer fear tradeshows; digital will replace paper exchanges 100%.

The solutions to these problems aren't imaginary, the authors point out: they exist now. 

Tradeshow producers just don't know it―or care much.

"Like the newspaper industry," they write, "the events industry is still very much in transition between the predigital age and an era in which digital integration will become commonplace in every aspect of our lives and businesses."

But competition against digital marketing for exhibitors' dollars will wake complacent producers up, just in time for "the Cambrian explosion of digital tools for events."

Giberti and Weintraub's book is a must-read for every tradeshow producer and exhibitor, as well as anyone whose livelihood is derived from face-to-face. Their viewpoints are sensible and admirably realistic.

My own is that the changes ahead will be less incremental; that the tradeshow business is less like the newspaper business and more like the apartment-rental one; and that an Airbnd-ish "disruptor" lurks just over the horizon.

Yes, tradeshow producers have a lock on things for the moment.

But, as James Bond might say, the industry's about to be "shaken, not stirred."

How to Draw a Crowd

Drawing attendees to events remains producers' runaway biggest challenge, as Sam Lippman's latest ECEF Pulse proves.

Six in 10 producers name attendance acquisition their Number 1 challenge, according to the study, while numerical event attendance has declined three straight years in a row.

That's a pity, because drawing a crowd ain't rocket science. The formula goes as follows:

Step 1. Build an evergreen e-list by promoting your event year-round. Use e-mail marketing and social media. Smother prospects with great content. Supplement those tactics with retargeting. And rent prospect lists, to be sure you're covering the universe.

Step 2. Mobilize your speakers, sponsors and exhibitors to help spread the word. Tap influencers to do the same. Make it easy for them to help you. If some resist, move on: there are more than enough enlightened ones out there to make a king-size dent in your universe.

Step 3. Telemarket VIPs. They merit a special touch. And roll out at the same time some targeted direct mail―attendee marketing's Old Faithful.

Step 4. Hire a decent agency. Attendance acquisition isn't a DYI project. If you want a recommendation, I have one.

Online's Goal is Offline

Eighty percent of success is showing up.

― Woody Allen

B2B marketers―smart ones―know online must lead to offline.

Because unless prospects experience your brand, there's little likelihood of large sales.

Digital alone doesn't cut it.

Digital's too delible.

As GE's CMO, Linda Boff, told Chief Content Officer this month, "Experiencing a brand versus just seeing something in the media is more and more important. It's more indelible. We think a lot about that. How do we bring the brand to life? And how are we going to show up?"

How will you show up?

You've got an online plan.

What's your offline plan?

Fierce Competition

Are you mad enough to launch an event?

RAI Amsterdam wants to encourage your madness.

Entrepreneurs and would-be event producers can enter its juried competition, Start up Your Event, through early September.

Think Shark Tank for trade shows.

A jury of event professionals will judge the ideas for first-time events submitted in terms of opportunity, feasibility, audience reach, value proposition, brand positioning, innovation, and other success factors.

RAI Amsterdam will award the winner not only six days' free space—2,000m² net for an event in October or November 2018— but, more importantly, free consulting in experience design, community management, and attendee and exhibitor marketing.

The winner will be announced at the mammoth broadcasters' show, IBC, at RAI Amsterdam in mid-September.

"There is definitely room for new shows, maybe not necessarily in the traditional exhibition format that we are used to," says Denise Capello, RAI Amsterdam's head of business development. "The world is changing and innovation rules, so there are plenty topics to be found. You need to figure out the trends and needs. Your destination is just the final piece in the puzzle.

Capello says most would-be producers who fail do so because they lack insight into their audience.

"Over the years, we've seen a number of startups, and find lack of in-depth knowledge to be a key indicator of failure. Would-be producers need to produce better feasibility studies to support their ideas, better event concepts, and better audience insights, which come from canvassing."

To date, three event concepts have been entered into the competition, which was announced in June.

"We've also had a number of inquiries from consumer event producers, whose concepts unfortunately do not meet the entry requirements of the competition," Capello says.

"But they have inspired us to come up with a new partnership model for consumer events, the first hopefully launching in the summer of 2018."

6 Last-Ditch Ways to Sell Out Your Event

If you're not gonna go all the way, why go at all?

― Joe Namath

When events fail to sell out, resourceful producers pull out all the stops.

EventMB recommends these six last-ditch efforts:

Social media buy. Take out ads on Twitter, LinkedIn and Facebook that target locals (drive-ins) with an interest in your topics. Cull your database for locals to help you target the buy, and be sure to keep using free social media to chat up your event. Take advantage of past attendees' testimonials. You'll motivate fence-sitters.

Personalized email. Cull from your database locals who haven’t registered and conduct a drip-marketing campaign. Focus on locals who click through and send them additional emails that concentrate on justifying the cost of the event.

Special offer. Email registrants an offer of a referral incentive, such as "Buy two, get one free." Registrants will feel appreciated and help you. Send sponsors and exhibitors the same offer, to pass along to their customers. Sister organizations may also help you spread the word. You can also promote a contest on social media with free tickets as the prizes. Create a hashtag and ask people to vote on line. Contests, well done, are buzz-worthy.

Streamlined registration. Identify any causes of friction in your registration process and eliminate them―even if it means slaying sacred cows. Last-minute registrations are impulsive, and you don't want to deter prospects in any way. And add prominent copy like "Last chance to pre-register and save" or "Only a few seats left."

Telemarketing. The best way to spur last-minute registrations is to call locals, particularly alumni of past events who haven't registered. They know the value you deliver. (If yours is a first-time event, concentrate on locals who have some relationship with you.)

Retargeting. Retargeted ads can influence sales-resistant locals by making your event top of mind. By becoming ubiquitous, you'll sell out.

Last-ditch don'ts. EventMB warns:

• Don't offer last-minute discounts rashly; you only signal panic, cheapen your event, and train registrants to wait for deep discounts the next time round. ("Loyal attendee" discounts are okay.)
  
  
• Don't go all-serious. Play up the entertainment value of your event (remember, last-minute registrations are impulse buys).
  
  
• Don't go into hard-sell mode across all marketing channels. Concentrate on the ones above.
   
• Don't bury your calls to action in your last-ditch promotions. Big, colorful buttons work.
  
  
• Don't refrain from giving free registrations away, if the recipients are influencers who'll add to the prestige of your event.

Windfall for Event Organizers

Event organizers can expect a windfall as companies boost their spending on face-to-face, according to Reuters.

The windfall comes at the expense of publishers reliant for revenues on companies' ad dollars.

"Organizers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events," write reporters Esha Vaish and Noor Zainab Hussain.

Research firm Outsell pegs the spend for B2B events by US companies this year at $28 billion, a 4% increase over 2016. US companies will spend $35 billion on ads this year, a 6% decrease.

"While the battle between traditional and online media outlets has grabbed headlines, companies are often skeptical that advertising with either translates into sales," write Vaish and Hussain. "Hence the shift towards events."

While conferences' and trade shows' prospects are closely linked to the economic health of the industries they serve, the shift of marketers' dollars to events offsets revenue losses due to other factors, such as government-imposed travel bans.

Tradeshow Malcontents

Thou art the Mars of malcontents.

— William Shakespeare

UK exhibit builder Display Wizard recently asked 100 marketers whether tradeshows have a bright future.

Their answers might disturb you: 75 said yes; 25, no.

The 25 nay-sayers cited the rising digital tide as the reason—and their nagging disappointment with organizers, who are molasses-slow to adopt new technologies.

You might, as a hard-working organizer, respond, "Sure, we're not perfect, but attendees love our event!"

Maybe, maybe not.

Late last year, the event research firm Explori found, worldwide, tradeshows earn abysmally low Net Promoter Scores from attendees (from a high of 20 in the US to a low of -6 in Asia).

To put that in context, an "average" company's Net Promoter Score ranges from 31 to 50. (The worldwide Net Promoter Score exhibitors gave tradeshows was worse: -18.)

Explori's analysts noted that attendees' low scores can't be attributed to "so-called 'hygiene factors' such as venue layout, signage or catering, but highlight far more fundamental problems." T

radeshow exhibitors aren't displaying the innovations attendees crave.

Again, as a hard-working organizer, you might say: "So what? Many thriving industries have low Net Promoter Scores."

And you'd be right: duopolistic industries (where customers have little choice) all have negative scores. (Think cable TV, for example; Comcast and Time Warner Cable both have negative Net Promoter Scores—more unhappy than happy customers.)

But the tradeshow industry isn't a duopoly.

Attendees and exhibitors have choices. They can participate only in segment-leading shows. Or only in niche shows. Or they can meet elsewhere; at virtual events or—more likely—proprietary ones.

And, as a hard-working organizer, you might say: "I'm not worried. We're used to exhibitor churn. There'll always a few malcontents."

But you should worry.

Malcontents don't just represent the portion of customers who aren't satisfied.

They represent a potential mob that can become radicalized—that can pick up the weapons of social media and declare jihad on your plush bottom line.