The Human Factors Leading to Higher Event Effectiveness

From time to time GovEvents will come across information we feel our members and audience would benefit from. Here's something we wanted to share:

Empty hotel conference meeting or event room provides space for business meetings conferences speakers or events. Tables and chairs set up to view projection screen.

We all want to be actively engaged with experiences that mean something to us personally or professionally. These are the events in our lives that lead to great stories people want to hear and that make memories we cherish long after the occasion ends. Our professional events should have the same impact. Events and exhibiting are people businesses. Anything that emphasizes and appeals to each individual's humanity produces authentic engagement and deeper meaning for all involved.

GES MarketWorks asked corporate marketing leaders, brand managers and event marketers about their event objectives. Revenue, Enhanced Customer Interactions and Brand Awareness topped the charts,essentially tied with about 70% of responses. Corporate responders reveal logic that should penetrate all event strategies and planning. Several factors lead to higher event profitability and success, engagement (enhanced customer interaction), brand awareness and personalization.

Engagement

Whether you are an exhibitor or a corporate host of a company event, engagement is a major objective. Unlike other objectives, engagement provides the emotional tie that binds people. It acts as the pathway to accomplish and magnify other objective results.

Customer engagement certainly stands at the top of priorities for chief marketing officers globally. In IBM's 2016 CMO Perspective report , 66% of CMOs held "developing deeper, richer customer experiences as their top marketing priority."

Awareness

With emotional engagement, brand awareness is easier to accomplish. People believe because they are emotionally invested. Engagement and brand awareness lead to revenue because they generate an emotional bond with the brand. As Ben Franklin said, "Tell me and I forget. Teach me and I remember. Involve me and I learn."

Events create advocacy because deep engagement builds brand loyalty and because engagement happens best in face-to-face events. When we asked responders about event characteristics that drive sales, Enhanced Customer Interaction led the way with 19% of responses, followed by Brand Awareness and Personalization, both with 15%.

Personalization

Brand awareness happens through personalization of content and interactions. Customers take it personally when you demonstrate authentic interest in their issues and interests. They feel appreciated and understood. That's deep engagement.

Deeply engaged customers demonstrate more brand loyalty, less price sensitivity, shorter resell cycles, and a greater likelihood of recommending the brand to their friends and colleagues. Those are the motivators behind Gallup's observation that deeply engaged customers provide an almost 25% "premium in terms of share of wallet, profitability, revenue and relationship growth over the average customer."

These survey respondents carry weight because 60% said they earn at least a 3-to-1 Return on Investment through their events. More than a quarter of respondents (27%) earned ROI of 5-to-1 or greater. They know, at least intuitively, what Joshua Foer, a freelance journalist and champion memory competitor said, "We remember when we pay attention. We remember when we are deeply engaged." Learn more about Event ROI

What are you changing in your events to deeply engage customers based on more personal, relevant interaction? Is event consistency driving more attendees to participate less frequently? This infographic will help guide your questions.

To read full peer insights from marketing executives, download our free Driving Event ROI guide.

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Great Expectations: What Sponsors Want

What would happen if sponsors at tradeshows and conferences suddenly disappeared? Most likely there would be significantly fewer events, as there would not be enough money to pull most of them off. Much like our post that looked at events without a speaker, we likely won't see sponsor-less shows, but we may see sponsors playing a different role at events--becoming more of a participant and less of a funding source.[Tweet "What would happen if sponsors at conferences suddenly disappeared? #GovEventsBlog"]

Part of this transition is in response to many organizations who are no longer content to hand over money just to receive a logo on a sign in return. They need (and deserve) tangible returns for their investment. This evolution is being driven by sponsor and exhibitor expectations but has an incredibly powerful impact on the attendee experience as well. Sponsors want to be more involved in events. This can mean including their executives and experts as speakers or being involved in the event planning process. It can also mean providing access to attendees beyond waving them over on the show floor. Sponsors are hoping to build relationships with attendees that extend beyond the show dates.[Tweet "Sponsors want to be more involved in events. #GovEventsBlog"] Continue reading

Exploring Vendor Relations

In this post we're going to to get real about our relationships. Before you think we've changed our focus here at GovEvents, this post is focused on the relationships with the vendors who make events happen. This vendor group includes hotels and other venues, catering companies, AV services and product companies, as well as transportation and logistics partners, and photographers to name a few.

A great vendor relationship is worth its weight in gold. Having a great relationship with all vendors involved in an event has benefits for attendees and planners.[Tweet "A great vendor relationship is worth its weight in gold. #GovEventsBlog"] Attendees get a seamless experience and the event planner or  host can feel a sense of calm even during the mad rush leading up to the event. But how do you cultivate long-term relationships and how do you get off on the right foot? Continue reading

Avoid These Top 20 Sins of Exhibiting

From time to time GovEvents will come across information we feel our members and audience would benefit from. Here's something we wanted to share:

Originally posted on www.eventmanagerblog.com

Time and time again I witness exhibitors making the same common mistakes at exhibitions. Avoid these top 20 sins of exhibiting to ensure that you maximise your investment and have the best chance of achieving your objectives from every show!

 

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