Customer Attainment From Event Engagement

Benchmarking the Business Value of Trade Shows and Events

In partnership with:

Overview

The CMO Council’s cooperative thought leadership campaign with the Exhibit and Event Marketing Association (E2MA) benchmarked the business value of trade shows and events, in addition to identifying new tools, technologies and techniques for driving experiential marketing effectiveness. Its research and marketer interactions  also provide recommendations for new systems and approaches to certifying and verifying trade show attendance, harvesting and acting on lead flow, gathering market intelligence, and improving attendee engagement through content marketing, social media and mobile connectivity.

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Facts & Stats

10% of the overall corporate budget is dedicated to marketing with 25% of the average marketing budget spent on event marketing. MPI

CEIR had conducted a study on the trends in trade show marketing and determined that the medium spend on a trade show event was about $17k in 2011. The Tradeshow Network Marketing Group

79 percent said that a key obstacle of experientia marketing was "measuring/demonstrating experiential marketing ROI". Destination CRM

The EventTrack 2012 study found that in a slowly rebounding economy, brands are expecting their event and experiential marketing budgets to grow by nearly eight percent (7.8%) in 2012, more than double last year’s rate of (3.6%). Event Marketing Institute

According to the report, 99 percent of exhibitors find unique value delivered by business-to-business exhibitions, which other marketing channels cannot provide. Expo Web

Commissioned by the CAANZ Marcomms Leadership Group (MLG) and the Marketing Association, the Buzz Channel survey asked respondents how they planned to split their marketing budget in 2011 (29 percent of respondents had a marketing budget of $100,001-$500,000, and 44 percent had a marketing budget of over $500,000). Experiential Marketing Association of New Zealand

A recent study considered the marketing strategies of about 1,000 executives of marketing departments at leading companies in several sectors. The findings indicate that among marketing executives about 30% plan to transition to experience marketing. About 28% have already done so. SBWire

84 percent of brand-side survey respondents say that events and experiential marketing are considered “very important/critical” or “important” by their organizations. PR Web

One of the study’s main findings is that the average event marketing campaign relies on almost 6 other channels to optimize results. Of these, email ranks #1 with a 76% adoption rate among event marketers who also rely on word-of-mouth, website, social media, direct mail, telemarketing, and ad placements. Business 2 Community

For the past 10 years, an average of 81%-83% of visitors have some kind of buying power. Skyline Trade Show Tips

According to the survey, 42 percent of marketers plan to decrease spending on physical conferences and tradeshows over the next year. InterCall

“The new Insights on Trends in Marketing Spend on Business-to-Business Exhibitions report published by the Center for Exhibition Research reveals that B2B enterprises spent 39.2% of their marketing budgets on trade shows. This percentage is down slightly from the previous year but up markedly since the start of the recession. Optimize My Brand

While 47 percent of exhibitors say the Great Recession has prompted decreases in exhibiting budgets, 40 percent have reduced the number of exhibitions and 44 percent note the number or budget for private travel has decreased, according to the “Use and Value” report. Expo Web

When asked to list the top three marketing elements for accelerating and deepening relationships, event marketing led at 64 percent, followed by social marketing at 55 percent and Web marketing at 54 percent. PR Log

Companies usually spend less than 20% of their budget on event marketing. HubSpot

Event marketing (32%) and Web marketing (32%) and are the first marketing channels to benefit from an increase in the overall marketing budget. MPI

Marketers say they spend most trade show money on booth space and set up and furnishings. About 6% of the budget goes to on-site promotional materials and another 5% for on-site sponsorship, according to new Insights on Trends in Marketing Spend on Business-to-Business Exhibitions report published by the Center for Exhibition Research. Optimize My Brand

44% of respondents indicate that event marketing is taken under consideration along with other mediums and 32% characterize events as a vital component of the marketing plan; 11% say events are a lead tactic. MPI

Based on responses from more than 500 marketers nationwide, the second annual Unisfair survey reveals 60 percent of respondents plan to increase spending of virtual events and environments this year and that if budgets were not an issue, 67 percent would host 10 or more virtual events in the next 12 months. InterCall

The meetings industry contributes $263B in direct spending to the U.S. economy.Convention Industry Council

The meetings industry’s direct contributions to GDP are $106B. Convention Industry Council

205M attendees participate in the nation’s 1.8M conventions, conferences, congresses, trade shows and exhibitions, incentive events and corporate/business meetings. Convention Industry Council

Respondents are increasingly turning to virtual events, with 40 percent indicating the primary benefit of holding a virtual event is the ability to reach a much larger audience for less money. InterCall

Email is the most widely used event promotional channel.HubSpot

According to new findings from EventView 2009: North America, companies that have a process for post-event measurement are twice as likely to receive increases in their marketing budgets than those that do not. MeetingsNet

93 percent of respondents agreed that experiential marketing generates advocacy and word-of-mouth recommendations. Destination CRM

87 percent said they were interested in learning about "measuring engagement." Destination CRM

One third of the respondents said they were increasing spend on PR, experiential and events (marcomms activities) at the expense of paid advertising. Experiential Marketing Association of New Zealand

Respondents report that of all marketing elements, they see the greatest ROI from Web marketing (40%), with event marketing coming in second at 22 percent. PR Log

92 percent agreed that experiential marketing builds brand awareness and brand relationships. Destination CRM

Experiential marketing shows the biggest signs of growth, with almost half saying they will use experiential marketing in their next financial year, a 42 percent increase on the previous year. Experiential Marketing Association of New Zealand

A recent Duke University’s Fuqua School of Business and American Marketing Association (AMA) study suggested that social media spending will be nearly 20 percent of marketing budgets by 2015. It is likely that money is being taken from trade show budgets as well as other forms of outbound marketing and being moved to online marketing efforts. HubSpot

The average visitor spends 9.2 hours at a 2-3 day trade show. Skyline Trade Show Tips

53% choose event marketing as the discipline that best accelerates and deepens relationships followed by public relations 19%. MPI

The percentage of marketers that rank the future importance of events as increasing went up this year, from 29 percent to 36 percent. PR Log

Proving that virtual engagement is here to stay, 46 percent of those polled predict more than 50 percent of corporate events will be hybrid within two years, with another 41 percent predicting that shift will take place within five years. InterCall

Marketers say they spend most trade show money on booth space and set up and furnishings. About 6% of the budget goes to on-site promotional materials and another 5% for on-site sponsorship, according to new Insights on Trends in Marketing Spend on Business-to-Business Exhibitions report published by the Center for Exhibition Research. Optimize My Brand

As event marketing naysayers continue raising this channel’s disadvantages, more than 4 out of every 10 B2B marketers are tapping into the opportunities from event-based prospecting. Business 2 Community

Interviews

KURT FRENIER

Senior Marketing Director

PepsiCo–Middle East and Africa

While PepsiCo participates in a variety of events including regional corporate events, trade shows and consumer-facing events. Senior Marketing Direct... Read On

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Studies & White Papers

Articles

March 2013 - Experiential budgets: when will we see common sense prevail? - Marketing Week

March 2013 - Marrying Experiential Marketing with Social Media - Business 2 Community

March 2013 - “Experiential marketing works best when it’s personalised” - Pitch On net

March 2013 - The Future of Exhibitions Will Be Data-Driven - ClickZ

March 2013 - Experiential marketing is here to stay - Marketing Week

March 2013 - 10 Tips for Better Event Marketing - Business 2 Community

March 2013 - Successful Events Are About More Than Flawless Execution - TSNN

March 2013 - Experiential marketing: shaping the future face of retail - Marketing Week

March 2013 - Event Marketing For Lead Generation - Business 2 Community

February 2013 -The Ultimate Social Media Event Marketing Checklist - Business 2 Community

February 2013 - Why 2013 is by no means the year of ‘non-events’ - UTalkMarketing

February 2013 - Live Events Are Re-Writing The Book On Viral Marketing - Fast Company

February 2013 - Bring Your Marketing to Life - Business 2 Community

January 2013 - What Marketers Can Learn From CES - Business 2 Community

January 2013 - The year ahead for experiential marketing - BizCommunity

January 2013 - Local businesses offered trade show tips - Timmins Press

January 2013 - The ROI of Events: What You Should be Measuring - Business 2 Community

January 2013 - Event marketing budgets fell 4% in Q4 - Event Magazine UK

January 2013 - Poll: Feds expect to attend fewer events this year - Government Executive

January 2013 - Trade Shows - From One-Time Events To Year-Round Engagement - Forbes

January 2013 - CES 2013 Kicks Off, But Is Giant Trade Show Losing Steam? - ABC News

Janary 2013 - What you need to know about trade shows - Smart Business Network

December 2012 - E2MA: Trade Show Organizers Must Negotiate Lower Costs for Exhibitors - Successful Meetings

December 2012 - A New Era For Experiential Marketing - CMO.com

December 2012 - Embrace the alternative - Marketing Week UK

December 2012 - Building customer loyalty: Online retailers like Groupon, Zivame & Goibibo directly interacting with consumers - The Economic Times

December 2012 - Getting the most from trade shows - ITBusiness

November 2012 - Experiential marketing - why it works - BizCommunity

November 2012 - “Engagement” Marketing Is Broken (& How to Rethink It) - BostInno

November 2012 - The experiential explosion - B&T Magazine

November 2012 - The Engagement Marketing Disconnect Between Consumers And Brands Rages On - Forbes

November 2012 - Experiential marketing for B2B customers - Financial Chronicle

November 2012 - Social Media Takes Your Marketing Event to the Next Level - Business 2 Community

November 2012 - More Ways to Keep Attendees Engaged at Trade Shows - Meetings and Conventions

November 2012 - How B2B Companies Can Know If Their Trade Show Marketing Works - Business 2 Community

November 2012 - Tweeting from Events: Tips, Tricks and Netiquette from #SESCHI - Search Engine Watch

November 2012 - Face Time research shows enduring value of face-to-face marketing - Event Magazine

November 2012 - How to Sustain Interest Once Your Event Is Over - Forbes

October 2012 - Get Ready for Engagement Marketing to Replace Meeting Planning - MeetingsNet

October 2012 - 24 Tips to Increase Conference and Event ROI by Integrating Social Media - Business 2 Community

October 2012 - How to Grow Your Business with Event Marketing - NBC Chicago

October 2012 - Event Marketing: Putting Your Product on Center Stage - Business 2 Community

October 2012 - “Strategy & creativity will drive experiential marketing” - Exchange4Media

October 2012 - Experiential marketing and social media integration . . . a no-brainer - iMedia Connection

October 2012 - How technology is creating a better experience for everyone - UTalkMarketing

October 2012 - 5 Planning Factors for Tradeshows RIO Success - Business 2 Community

October 2012 - Reinvent Your Event Marketing For Higher ROI - SlideShare/HubSpot

October 2012 - How To Avoid The Lull After Your Online Event - Business 2 Community

September 2012 - Proof Event Marketing Isn’t Going Anywhere - Eloqua

September 2012 - Experiential Marketing: Harnessing the Power of Emotion in Your Employer Brand - HRExaminer

September 2012 - If Content is King, then Trade Shows and Conferences Are His Realm - Business 2 Community

September 2012 - New International Survey Predicts Experiential Marketing 'Set to Become Major Growth Area in Next Five Years' - PR Newswire

September 2012 - 5 Ways to Triple Your Event ROI through Your Contact Database - Business 2 Community

September 2012 - Product Events Drive Marketing Profits - SBWire

July 2012 - Experiential Marketing: How to ""Wow" Customers and Set A New Standard Business - YFS Magazine

June 2012 - You Just Have to Be There: Trends in Event Marketing - eCommerce Times

June 2012 - Why is Experiential Marketing Successful - Motivated Models

June 2012 - Make Live Events Part of Your Marketing - Entrepreneur

May 2012 - Face Slams: Event Marketing Takes Off - Forbes

May 2012 - UNDER THE RADAR Reports Brand Managers Agree ‘Experiential Marketing’ Creates True Emotional Connections - eReleases

March 2012 - Exhibition Industry Rebounds Strongly in 2011 - Marketing Charts

March 2012 - Invitation-Driven Engagement Could Lower Ad Spend - Media Post

March 2012 - The 4 Most Important Metrics for Measuring Your Trade Show Marketing ROI - Search Engine People

February 2012 - Trade Shows cited as Top Marketing Cost for B2B - Optimize My Brand

February 2012 - B2B Dollars Are Being Shifted Into Operations - Tell All Marketing

January 2012 - Event Marketing Takes a Hit - AdAge

January 2012 - Experiential Marketing in 2012: Trends, Tech and Trailblazers - Synergy Sponsorship

January 2012 - Event Marketing Investments to Outpace Economic Growth in 2012; New Survey Unveiled - PR Web

October 2011 - Master Class: What experiential marketing areas are crucial to build brands of the future? - PRNewsweek

October 2011 - Key trends in Experiential Marketing that affects consumer behaviour - Buzz Blog

September 2011 - An Attendee’s Trade Show Technology Wish List - TSNN

August 2011 - Teasing the Most Out of Trade Shows - Inside Edge

May 2011 - Annual Unisfair Survey Shows Virtual and Hybrid Events are the New Normal in Marketing, Training and Collaboration - InterCall

April 2011 - When It Pays to Spend on Trade Shows - Bloomberg Businessweek

February 2011 - The New Rules of Event Marketing - Inc.

February 2011 - Marketers Say PR and Experiental Spend On The Rise - Experiential Marketing Association of New Zealand

March 2010 - Are Marketing Dollars Shifting? Exhibit Industry Down 12.5% - HubSpot

February 2010 - How experiential marketing is creating a sea-change in the world of branding - Dot Kite

January 2010 - Companies turn to virtual trade shows to save money - USA Today

February 2009 - EventView 2009: Event Marketing Survey Finds Measurement Critical - MeetingsNet

January 2008 - Experience the Benefits of Experiential Marketing - Destination CRM

January 2008 - Experience the Benefits of Experiential Marketing - Destination CRM

 

Blogs

Books

Program Themes

  • Event & Experiential Marketing
  • Customer Engagement