As I stroll through the exhibitor hall at trade shows I see one booth after
another demonstrating their products. One person told me recently about his
excitement about the trade show: he was new to the job, and was planning to show
his pre-beta, Java-based product using a broadband modem connection from the
trade show floor. Isn't he just asking for an embarrassing public failure?
Realistically, what product information does a customer retain afterwards? Back
in its heyday, Comdex estimated that they threw away two tons of product
literature every day. If they don't keep the collateral, will they remember the
demo?
Do we think that the product will sell itself? "Once the show attendees see
our paradigm-shifting, discontinuous innovations, they will stop, shop, and
buy." Instead I fear that we're showing too much too soon in the sales cycle and
turning off our potential buyers.
Do we think people buy products at a show? For instance, one company sells a
multi-million-dollar ERP package for the Fortune 500, yet their booth seems
designed for selling word processing to the masses. Do we really think someone
will come to the booth, whip out a corporate AMEX and just charge it?
Do the sales people demand it? Demo-selling is the laziest kind of selling.
It says, "I don't want to know you or learn your business. I just want to get
you to buy as quickly as possible."
Because everyone is doing it? My mother used to ask, "If everyone jumped off
a cliff, would you?" Most event marketing seems to try to be the same as
everyone else, only a little better. Just as we build commodity products, we
tend to create commodity, look-alike marketing programs. The best marketing
communications programs should be remarkably different than that in the other
booths.
Ask yourself: Where do demos belong in the sales cycle? I suspect you will
answer "after gathering information about the customer's problems." Perhaps also
after the solution-oriented presentation. The best demo is customized to the
customers, their problems, and within the context of how we can specifically
solve their problems.
At your next event, try just asking people who come by the booth a few simple
qualifying questions about their problem and its urgency to them. If they answer
in the affirmative, scan their badge or take their card and invite them to enjoy
the show. Meanwhile send a set of materials to them through the mail or better
yet, have a sales person contact them the week after the show. Nobody retains
information from a trade show--everyone is yelling to be heard. Perhaps you
could be a little quieter and much more effective. Let's use the demo where it
belongs, much later in the sales cycle.
For some markets, the tradeshow demo is very important. While I was
in high school and summers during college, I worked in a cheese shop.
Once a year, I went to New York for the Fancy Foods and Confection
Show. Demos were all over the place, many involving tasty treats:
Cheese, sausage, chocolate, coffee, and more.
Yuk! Can you imagine anything more boring than a ten minute
screen-by-screen demo by a product manager who knows all the leading,
cutting-edge features of some mission-critical, flexible, and scalable
solution that improves business process using industry-standard
technology? Makes me want to scream in disgust!
Nearly all B2B technology company tradeshow demos are conducted out
of laziness. Here's how the dysfunctional process works and why B2B
technology demos are so overused: Marketers don't understand buyers,
the problems buyers face, or how their product helps solve these
problems because they don't get out into the market. Instead these
marketers are holed up in their own offices. Then the tuned out
marketing person builds a demo script using reverse-engineered language
that they think the buyer wants to hear based not on buyer input but on
product features. During the demo they go through each feature in the
product all the while spewing superlative-laden, jargon-sprinkled, gobbledygook-filled hype.
Um… This is not effective.
The decision for any marketing initiative should start with buyers
and your buyer personas. What problems do your buyers have? How can
your company solve those problems with technology? How do your buyers
describe the solutions? I think that B2B technology product companies
need to re-think the entire tradeshow experience, not just the demo.
I’d ask a more fundamental question: Do you need to be at the tradeshow
at all? And if so, do you really need a booth?
The web is a free 7x24 tradeshow. Consider a re-focus of efforts to
blogging or a content-rich website or other online initiatives to reach
buyers.
If you want to be a bad product manager, use conferences and trade
shows where you are exhibiting as a time to sell. When prospective
customers approach your booth, quickly greet them and go in to your
product pitch. Demo all of the features and point out the aspects where
you are superior to your competition. Push for a sale, a trial, or a
specific follow-up before the person walks away. You’ve paid good money
for your booth, after all, so you need to close some sales to make up
for it.
If you want to be a good product manager,use conferences and trade
shows where you are exhibiting as a time to learn. One of the worst
things you can do in a booth is to automatically try and sell to
everyone who walks in, using the same standard pitch.
Conferences and trade shows are great opportunities to learn about
customers and potential customers, their needs, what they think of your
product and your competition. When someone approaches your booth, do
not start in to the standard sales pitch. Instead, greet them, ask if
you can help, and listen to what they have to say. Try to listen more
than talk. Ask questions to not only understand more about the solution
they are looking for but to understand the context of their question.
By just spending a few moments asking some up front questions, your
time will be much better spent. You will not waste time pitching to
unlikely buyers. You will learn information about the needs of
potential customers. You will see how prospects evaluate your product
and others. You will get to watch how sales people communicate, respond
to questions, and interact with customers.
While it is important to staff your booth, take an opportunity to walk
the exhibit floor and learn there as well. Check in on competitors and
partners. Gather information to bring back to the office. Evaluate the
marketing messages and promotional campaigns of other vendors, and make
a list of things that you can do to improve your booth for the next
conference. Talk with conference organizers or attendees milling around
in common areas.
Trade shows and conferences are valuable opportunities to connect
with customers for sales purposes, but they have as much value if not
more as opportunities to learn about customers, prospective customers,
competition and your overall market. Good product managers use
conferences and trade shows as an opportunity to do research and take
back information to help improve their product and the message around
it.
I have to ask the question: Steve, what evidence is there that trade show demos turn OFF potential buyers?
Why demo?
Why even attend trade shows at all for that matter? All those
airline tickets and hotel rooms, not to mention trade show booth
rentals, cost serious $$$. And then there are all those people who just
come to your booth to get the nifty pen or other cool swag you have on
hand.
What a bother!
But let’s get back to to the original post. Steve writes:
Back in its heyday, Comdex estimated that they threw away two tons of product literature every day. If they don’t keep the collateral, will they remember the demo?
Steve, a bit of logical fallacy here don’t you think? Sure, people
throw away literature at trade shows. That doesn’t mean they throw away
ALL of their literature, and it doesn’t at all imply they suffer from
memory loss.
At
it’s peak, Comdex attracted about 200,000 attendees. A bit of math (the
numbers work out quite conveniently), and we see that (2 tons) 4000 lbs
/ 200,000 people = .02 lbs per person of wasted literature each day.
That’s about 9 grams per person. Not really a lot when you think
about it. So, if people aren’t actually throwing that much away, maybe
they are remembering the demo?
Later Steve writes:
Do we think that the product will sell itself? … Instead I fear that
we’re showing too much too soon in the sales cycle and turning off our
potential buyers.
I have to ask the question: Steve, what evidence is there that trade show demos turn OFF potential buyers?
Steve, you bought an iPhone
right? Steve Jobs demo’d it at an Apple Conference a few months before
they went on sale. What was the sales cycle that ensued that convinced
you to buy it? I’m pretty sure it sold itself. Or at the very least,
the Steve Jobs reality distortion field helped convince you to buy it.
BTW, if the product can’t sell itself, whose fault is that? Sure not
all technology products are right for trade show demos, but that
doesn’t mean none of them are. I had a wonderful experience a while
back demoing a software product at a show. Could have sold lots of licenses on the floor if it were possible.
Many people attend technology trade shows explicitly for the
opportunity to see a live demo of a product and speak directly to savvy
personnel from the company that makes the product.
Ever
watch a late night infomercial? They are nothing but extended demos of
the products — kitchen devices, exercise machines, you name it. And boy
do they sell product. One of most popular products sold by infomercial
is the Showtime Rotisserie. It is claimed that over 7 million units have been sold, generating revenues of over $1,000,000,000 dollars.
Steve continues:
Do the sales people demand it? Demo-selling is the laziest kind of
selling. It says, “I don’t want to know you or learn your business. I
just want to get you to buy as quickly as possible.”
I have to respectfully disagree here. First of all, as mentioned
earlier, many people go to shows with the expressed intent to see the
product and get a demo. Demo-selling is only lazy IF the vendor
explicitly doesn’t want to listen to the prospect. In fact, if that is
the case, it is not only lazy, but incredibly foolish as well. And yes,
some companies do behave that way, but many companies don’t.
The great thing about trade shows is that in exchange for a short
(not necessarily canned) demo of the product, I get to have face to
face conversations with potential buyers. What’s my response to someone
who comes to the booth and says:
“Hi, can I get a demo of you product?“
I say,
“Yes, absolutely. But first can you tell me a bit about yourself and what you are looking to do with a product like ours?“
If the person bites and responds to the question, then I have them.
I can ask them a few more qualifying questions and if they fit the
profile I’m looking for, I can get into a demo with them and continue
the conversation, asking questions, probing for information etc. If
they don’t fit the profile I can still give them the demo I promised,
but I can decide how deep or not to take it. In the end, I get what I
want, and they get want they want. Seems reasonable to me.
Later Steve writes:
Why do we demo at trade shows? Because everyone is doing it? My
mother used to ask, “If everyone jumped off a cliff, would you?”
My mother used to say the same thing, but never in the context of tradeshows.
Just because everyone is doing it, it doesn’t mean it’s stupid.
I have a friend who was vacationing in Thailand a couple of years
ago. He was sitting down to have breakfast with his wife and son. As
they were eating breakfast on the restaurant patio, they started
noticing people running up the road. As they watched, the number of
people running up the road continued to increase. Many of the people
were yelling in Thai as they ran by. My friend didn’t understand Thai.
But, he figured that if so many people were running up the road, he and
his family should do it as well. They abandoned their breakfast and ran
along with the throngs of other people, not knowing why everyone was
running.
The date was December 26, 2004.
The people were all running up the road away from the beach and the
massive tsunami that was bearing down on them. We don’t always have all
the data to make well reasoned decisions on what to do, but many times,
by observing crowds, we may get insight that delivers significant
benefit.
There certainly are ways to have bad demos and to promote and sell
products poorly. Some companies do it far too regularly, by focusing on
their own features and functionality and not understanding the
customer’s frame of reference. But that has nothing to do with a trade show. Alan blogged about this in one of his posts.
Steve concludes:
At your next event, try just asking people who come by the booth a
few simple qualifying questions about their problem and its urgency to
them. If they answer in the affirmative, scan their badge or take their
card and invite them to enjoy the show. Meanwhile send a set of
materials to them through the mail or better yet, have a sales person
contact them the week after the show. Nobody retains information from a
trade show–everyone is yelling to be heard. Perhaps you could be a
little quieter and much more effective. Let’s use the demo where it
belongs, much later in the sales cycle.
Steve, that’s an interesting idea. We have a big product launch
coming up in September. We’re announcing the product at a big trade
show at the Moscone Center in San Francisco. Now, I’m wondering, what
would be the reaction of someone who took time off work, came down to
the Moscone Center (maybe they are local, maybe they flew in for the
show), and came to our booth and after a short interchange, I scanned
their badge and sent them off to the next company of interest.
Hate to say it, but I doubt the impression would be a good one. What
ROI are they getting from me, having spent time and money to come to my
booth? A handshake, a short conversation and a “we’ll have a sales rep contact you next week“?
I’ll think about your idea. But to be honest, when I have the
opportunity to have a high touch, high value direct conversation with a
good prospect, I’m going to take it.
So I have to go with Saeed
here in response to Steve’s
posting on tradeshows. Just because a lot of companies handle trade shows
badly doesn’t mean they’re worthless. Most companies can’t do email marketing
right either; I would not suggest that you stop emailing customers and
prospects.
But before we think about what to do at the trade show, let’s review what a
Product Manager can get out of a trade show. Two things: one, leads and two,
conversations.
Now, leads may not be your direct responsibility, but everyone needs leads.
Are trade shows the cheapest way to get leads? Nope. Are they the best way to
get leads? Nope. But unless you generate more leads than your salespeople can
handle, you need more leads. Even if you have too many leads, how many
highly qualified leads are coming in through your other lead generation
channels? (The answer is never enough!) Web- and email-based marketing is the #1
source of leads for many B2B companies and I can come up with plenty of ways
that companies do web and email marketing wrong. That doesn’t mean they should
stop doing it.
You need to have an ecosystem of leads, just like you need to have customers
in more than one region or vertical market. And trade shows remain a good way to
get new leads. I hate scanning badges as much as anyone, but it works.
Also, if you can’t prove that trade shows are generating quality
leads for you, then that’s not the trade show’s fault. Implement close-loop
leads tracking! You have a CRM system right? Creating a campaign in
Salesforce.com and seeing how many opportunities result from it isn’t rocket
science.
Second, conversations. A trade show lets you have longer, more fully engaged
conversations with both customers and prospects. Prospects are key here - when
was the last time you talked to someone who was actively looking to buy
a product like yours but wasn’t yet in your company’s sales funnel? Talking to
prospects is so important because if you only ever talk to customers you’ll
never find out about what the people who decided not to buy your product think.
Prospects can decide not to even consider your product or service based on your
positioning, without ever talking to a salesperson. I have yet to find a better
venue than a trade show to meet these people and talk to them.
Conversations at trade shows are also more casual and relaxed because of the
whole circus-like atmosphere of the show floor. (Being at a circus is great, as
long as you’re not one of the clowns). Customers have come up to me and said “I
love your product! I use it every day!” I rarely get that sort of enthusiasm
over the phone during customer calls. Customers have also come up to me and said
“I like your product very much. There are twelve things wrong with it. They
are…” - I heartily recommend doing a few trade shows in Germany because you will
get this kind of feedback from more than one person. It’s great. When you work
in enterprise software (my experience has been in development tools and IT
management tools) you rarely get to have an animated conversation about the
strengths and weaknesses of your product. The development team has never
actually used the product and my wife and friends don’t really understand what
I’m talking about when I try to explain what I do. Trade show conversations have
provided me with months’ worth of stories and user feedback that I trot out
during requirements planning sessions.
So, can you do trade shows wrong? Sure. Any marketing activity can become a
mindless exercise if you lose track of what your real goals are. But we need to
do trade shows.
So, why demo at trade shows? Come on - people need something to look
at. Imagine going to an auto show where there was nothing but booths and flyers
about all the hot new cars. (Let’s ignore the booth babes for a second. Besides,
I haven’t seen a booth babe in years at the Toronto Auto show. I think they may
be extinct north of the 49th parallel)
The demo isn’t the goal - it’s just a tool to get people’s attention.
Entrepreneurs talk constantly about honing their elevator pitch. There
better be more to your business plan than your elevator pitch, but that’s what
the demo is at a trade show. It’s the shiny, animated prop that backs up your
elevator pitch. Actual software that’s more than just canned PowerPoint slides
says that you have a real product that goes with the pitch. Right or wrong, this
is the bar that trade show attendees want to see before they’re going to stop
and pay attention to you. And once you have their attention, you get to do
the two really important things: scan their badge and have a conversation.
As a side note, one product I demoed at trade shows was a web-based marketing
automation system. It was next to un-demoable. It worked great, but it was
challenging to develop, deploy and track an integrated email marketing campaign
in five minutes. (I probably could have done it in ten minutes
). But as I went through the pitch, everyone wanted to see something. One person
wanted to see reports, one person wanted to see how to compose email, someone
else wanted to see how the automation system worked. This was really a polite
way of saying that I was full of sh*t and that there was no such product. My
“demo” didn’t really show all that much but it proved that I had a real product,
which made my message a lot easier to accept and remember.
Why Demo at Trade Shows?
To meet people who might be interested in your product, market your brand and sell stuff.
So if you are thinking about opening a booth at a trade show, you
should be considering how well you can meet these three objectives.
Unfortunately many of the trade shows that I have been to end up
looking like glorified car boot sales where hundreds of vendors are
touting their wares to the general public.
Meeting People:
People that are visiting a trade show are:
- Potential product buyers – these are the
people who make the purchasing decisions. They are looking for the
business reason for buying your product. Your product demonstration
needs to be able explain how it will save money for their business or
provide clear value for money.
- Potential or existing users of your product – these folk want to see and hear how your product will improve their lives or solve a problem that they have.
- Potential or existing competitors to your product – Competitors will be out there doing the same thing. Make sure that you have the best story.
From a product management perspective it is a great opportunity to
listen to the questions that these visitors are asking, and what
problems they are trying to solve. Here you have customers (and
competitors) that you can talk to face to face that you might otherwise
have to spend $1000’s on customer research and focus groups.
Use the opportunity to record as much customer information as
possible without being intrusive. Remember these are pre-qualified
leads and they are going to walk right up to you and tell you what they
want. If your product doesn’t do what they want it to do, ask them what
they are trying to do and record it as a potential opportunity for
later.
So this is great for the product manager, but what is in it for the
visitor? Why should they stop and spend time at your booth and tell you
their story. This is where the opportunity for the Demo comes in.
Marketing Your Brand:
The Demo should not just be a walk through of your product’s
features. The visitor needs to be drawn into the story of the product
and how it can potentially solve the customer problems that have been
previously identified.
The Demo should not just be about selling. It provides an
opportunity to educate the visitors about your product and get them to
(hopefully) start thinking about it.
With these objectives in mind you need to:
- identify a problem that the visitor has
- show clearly how your product can solve it
- make it simple for them to remember your product story
When they walk away and go to the next booth what is the one thing that will they remember?
Sell Stuff
In some cases a person will walk up to your booth and want to make a
purchase. What will you be able to offer them? This will clearly depend
on your product but you must be able to provide a clear commitment to
completing a sale. This could be the ability to process a sale on the
spot, or provide a generic quote, or book time in your calendar for a
proper sales interview.
This may not be the main purpose of the trade show but it is the
ultimate objective of being there in the first place. If someone wants
to buy from you, make sure you have something you can sell.
Trade Shows: Of What Value Are They?
The esteemed Steve Johnson recently wrote
a provocative blog entry on the merits - or lack thereof - of demoing
at trade shows. He implies that showing demos is usually not very
effective:
Nobody retains information from a trade show--everyone is yelling to
be heard. Perhaps you could be a little quieter and much more
effective. Let's use the demo where it belongs, much later in the sales
cycle.
And he contends that collecting information about prospects'
situations and problems is often a better use of trade show time:
At your next event, try just asking people who come by the booth a
few simple qualifying questions about their problem and its urgency to
them. If they answer in the affirmative, scan their badge or take their
card and invite them to enjoy the show. Meanwhile send a set of
materials to them through the mail or better yet, have a sales person
contact them the week after the show.
In my opinion, Steve's key point is that:
The best demo is customized to the customers, their problems, and
within the context of how we can specifically solve their problems.
If you've read SPIN Selling,
you know that your best chance of making a high-value sale is to use a
facilitative process that starts with asking a lot of questions. Only
after you've fully understand the individual prospect's situation and
problems do you describe your solution in detail.
Regarding trade shows, however, the more important questions to me are:
-
Why are you an exhibitor at the trade show at all?
-
Who is attending the trade show, and why?
What goals are you trying to achieve as an exhibitor at the trade
show? If you're trying to sell product, then Steve's advice is
important to keep in mind. But maybe you're trying to affect media
coverage? Or maybe you're trying to gather intelligence on the
attendees and competition? I wonder, though: perhaps you can achieve
this latter goal just as effectively without being an exhibitor (and
just being an attendee)?
It matters who is attending the trade show. Is media attending the
trade show? Are tech geeks with little or no buying authority attending
the show? Are actual prospects attending the show? Perhaps you should
attempt to segment the population of the trade show into various personas.
The bottom line is that the issue isn't as simple as whether you
should demo at trade shows. You need to research the expected trade
show population and shape your goals accordingly. In the end, you may
decide that being an exhibitor isn't the best way of achieving those
goals.
Just Demo It!
What is a trade show? Breaking down the word, a trade
show is the place where you show your trade.
If you aren’t there to demo, why are you there? Trade shows are for more than PR
air cover, “presence,” and to give away t-shirts. You’re better than that! If
you’re not at the show to get business, you’ve got no business
there - literally and figuratively.
Think about demos in the context of Pragmatic Marketing’s framework. You’ll notice that “Presentations and Demos” are on
the bottom right, e.g. tactical. I challenge that - demos can be both tactical
and strategic.
The Pragmatic framework is a powerful tool for bounding our work as Product
Managers and explaining to others what we do. If you are offering something
totally new with your product or service, you can use the framework to its full
potential to discover problems that aren’t being solved today and bring new
products to market. Most of us aren’t there; we are in a sea of relativity where
there are lots of “good enough” products from competitors. If you are all
solving similar problems, business success comes down both your product
and your relationships. Your relationship with the buyer is
what gives them the focus to zoom in on you and your product. The
relationship is strategic.
What made us give up on the poor trade show? Maybe it was the
Bad Demo. Bad demos are wide and shallow, trying to
show all of the product’s possibilities in an attempt to capture everyone’s
interest. Marketers have killed the demo by hiring paid actors to stand onstage
and recite a memorized script while a fancy movie plays in the background. The
marketer stands in the back wondering over their achievement…their failure is
masked only by the tired show attendees feigning attention so that they can get
off their feet. What the company is saying by their actions is that “You are
important enough to broadcast to, but not
important enough for us to spend any real
time getting to know you. We’re only at this trade show to check a box on the
Marketing plan.” You can’t “control” your message anymore, all you can do
is “push the rope uphill” and affect your perception in the market by doing good
and doing well.
Bad Demos Are:
- Lecture-style
- Shotgun
- Long…
- Scripted, or worse “movie based”
- Powerpoint driven
- Scheduled
- Measured by resultant Sales
I take a small issue with Pragmatic Marketing’s definition of “Presentations
and Demos.” They define it as:
Produce standard product presentations and demo scripts that can be used by
the sales team in a typical sales process.
Scripted is bad. As PM/PMM’s we should be focused on making Sales smart
enough on the product to be able to fire off a custom demo based listening to
the customer’s pain points. In reality, it’s a challenge to get a Sales guy to
listen to you for more than 30 seconds without thumbing their crackberry.
We need a different approach for success at trade shows. A good demo like a
good product: someone listens to the target’s problem, and illustrates how the
product solves that specific issue. We need the One Feature
Demo:
- Personal
- Targeted (one feature!)
- Specific
- Brief
- Interruptible
- Impromptu
- Measured by customer-initiated follow up
The best demos are when you have smart people who can ask a a few
intelligent open-ended questions. “What kind of business
are you in? What kinds of problems do you have with [Problem Area #1]? How about
[Problem Area #2]? We see that pretty consistently also; we did a survey of our
customers and found that over 85% of people have that same problem, so we heard
that and built some tools to help. This will take less than 60 seconds, let me
show you…”
In less than 30 seconds of Q&A you can determine if the attendee’s
problem set is a match to your product. If it is, you can spend 60 seconds
showing them one feature, and usually this leads to a deeper
Q&A led by the attendee - a sign that you’ve captured their interest and
their heart is open the possibility of a new relationship. I don’t use the word
heart by accident, if you are doing this right, you need to start a true
relationship with the customer. “But you can’t really expect a real
relationship to start on the floor of a trade show!” That is exactly what I
expect. And I see it often at the major trade show my company
attends.
People spend millions of dollars on inferior products
because they have a good relationship with the company selling it. You can’t
just have the best product, you have to have the best
relationship with the customer, and an effective One Feature Demo is a
great way to demonstrate that you care about them enough to spend some time with
them. An attendee at a trade show is making some effort to see you - if they
don’t get quality time at the show, do you think you’ll have a chance to give
them a more in-depth product demonstration later? Even in the age of the
Internet, business is still personal.
Importance
of tradeshows and demos
Given my experience, I have following observations on trade shows.
-
It is often difficult to follow up systematically with the leads from the
show.
-
Often all the leads end up receiving similar pitch: "Thank you for meeting
us at XYZ show. Here's our attached brochure. Please, how can we help?". If no
response, then it's closed.
Pragmatic Marketing rightfully questions
the need of demo in trade shows in their article "Why demo
at trade shows?". Before getting into demo, let's first see if we need to
participate in trade shows, after all. We participate in trade shows as part of
marketing initiative. The goal is better selling, i.e. improve
up-selling/cross-selling, generate new customers, understand the competitors
etc.
- Let's say your regional sales team have their plates full at work. Do you
need to participate in any such initiative? Of course not, because that effort
will never be followed up to fruition.
- What if your best price points in offering just do not match the regional
demands, or some required products/features are 1/2 releases away? Again, no
point doing any trade shows, because the hole will be found out as the sales
progresses.
Trade shows eat up marketing budget (booth space,
logistics, employees time, etc). So rightfully the marketing team analyzes the
RoI from participating in different trade shows in the past year, and then
decides on current year plan.
Now, do you need a demo in a trade show? I
strongly think YES, we need. And the following reasons.
- In simple, Technology is just too difficult to understand. Something that
works and shows value to end user is easier to grasp and then work backwards
into underlying technologies.
- Information space is approaching Infinity, and attention span of we humans
is systematically on the decline. Every single display that I saw at
NTT-DOCOMO's huge booth in a recent trade show existed in their web site.
Nothing new, only that I (and others, like me) did not have time to go to their
web site and explore. But had time to spend a day at the trade show.
- Trust the word of mouth over internet. It will have immense power. When
people come back to their blogs and write rave reviews on the demo, and it
spreads....
- Think about this: Cisco makes ~90% of its business through channel partners.
The middle-men are the key to some of the major B2B business success. And not
all of them understand technology details. But they can very well see your demo
and try and map the usefulness to their connections.
- Demo is a must in global, connected world. You get to know and see some
startups, who can be invaluable partners. They have a product but no great
solution skills. And sometimes they fit into your ecosystem very well. You also
learn how your competitors show case their products to
Customers.
Saying this, it is also to be noted that demo
requires thoughtful planning, else it just becomes an exercise in waste.
- Demo requires thought. It must be sticky. demo must convey the message to
solve and end user problem, demo must engage the user.
- Demo is not just use-display of the product, but a demo of value to end
user, a demo of value to channel partners, a value to B2B customer etc.
- What's unique about your demo? Add some kind of competition, fun, rewards
and meet the demo as well.
It would be interesting to visualize how the
connected world and live-experience in communication will evolve the future of
demos & trade shows.
Getting Demonstrative at Trade Shows
The fine, upstanding, big-brained individuals at Pragmatic Marketing posed the question as part of their ginormous BlogFest:
Why demo at trade shows?
So the Cranky Product Manager answers, in her usual, long-winded
fashion...
The main reason B2B software companies demo at trade shows is simple:
TRADITION. The practice has been around for eons. In fact, the following image
depicts the world's first trade show booth, with a smartly dressed product
manager showing off the latest product features to a huge crowd of - wow!-
three passersby (pretty typical for a trade show).

Notice that the audience appears to be quite "excited" by the demo of the
latest version of the HMS 4.2 (Hieroglyphic Management System). But, alas, only
one of the three viewers (meaning the dude with the big hat) has even the
slightest ability to influence software purchases. Also, it is not clear why the
audience is so very attentive and excited. Perhaps it is the product's awesome
features. Perhaps. But more than likely it is either the demonstrator's chiseled
abs or the lusciousness of the nearby Booth Babes handing out swag engraved with AncientSoft's
logo.

Enough of the history lesson. Back to the question: Why demo at trade
shows?
The Cranky Product Manager proclaims: The time has come to rethink the
ancient, decrepit tradition of demo-ing at trade shows, or even hosting a booth.
It is rarely worth the expense in time or dollars.
The CPM knows what she's talking about. At two former employers, the Cranky
Product Manager did analyses of return-on-trade-show investment. And guess
what? Trade shows came out as huge drains on company resources with scant
benefit.
Want more detail?
First, the leads generated were always crap. Hardly any of these folks ended
up spending a dime on software. They were people without budget or influence.
People without real problems to solve, who were just trying to "keep up with the
industry." People more interested in the crappy swag than the product. People
looking for a job. People who worked for competitors. People who wanted to hit
on the super-hot Cranky Product Manager or the
not-quite-as-hot-and-definitely-not-as-smart Booth Babes. People who were so
overwhelmed by the trade show's hyped-up atmosphere, or so hung over from the
previous night's drunkfest, that they could not even attempt to understand what
the company did: Please just drop your literature into my tote bag so I can
sort through it back at my office.
Second, the cost of running a booth is ridiculous. The opportunity costs of
drawing people away from other tasks for two to four days is huge. Then add the
costs of paying $500 to rent each power cord, $800 for a table, $1000 for a
carpet, $2000 for a carpet pad, etc... Unreal. But that's not all! You have to
hire union laborers to carry your laptops into the building, at a rate of $100
per laptop. And then hire union electricians to plug them into your $500 power
cords at the rate of $200 per power adapter fondled- - because everyone knows
the act of even touching an electric cord is fraught with so much risk that a
licensed professional must assist.
So again, back to the original question: Why demo at trade
shows?
And at last, the Cranky Product Manager's answer:
Don't, if you can help it.
In fact, don't display at the trade show at all. Just attend and do some
competitive research. Attend the sessions, which are often worthwhile. But
don't waste your money running a booth in attempt to generate leads.
But the Cranky Product Manager is a realist. She knows that the Trade Show
Tradition is tough to mess with. Your company is going to display at
BigFatSoftwareConference-X no matter what you say.
So in that case, you, the Product Manager, might as well make the case that
1) a demo is essential, 2) no mere sales engineer has the necessary brainpower
to demo your product effectively, and 3) you must personally attend to demo the
product yourself.
And why would you argue this?
1) So that you, as a Product Manager, can secure passage to exotic trade show
locations like Paris, London, Vegas, or Hawaii.
2) So that you, as a Product Manager, can have an excuse
to hang out with the Booth Babes. Who knows, maybe one of those
washed-up-at-age-28 former models will actually speak to you. Maybe your demo of
your product's awesomitude will wow her to pieces. Maybe she'll say "Wow,
Mr. Product Manager. I am so BLOWN away by your software's advanced monitoring
and alerting features. And you say it's I18N compliant to boot? *SWOON* Do you
want to buy me a drink later?"
And for the CPM's fellow PM sistahs, we can only wait for the day (far off,
no doubt) where either there will be male booth babes or where this annoying and
kinda offensive industry custom ends. (But that's a post for another day.)
3) So that you, as a Product Manager, can network with the hiring managers at
your competitors and maybe snag yourself a better job. But keep in mind that
VPs and Directors of PM are usually speakers or panelists and not slated for
demo-duty in the booth. You better secure an All Conference pass to identify and
discretely approach them.
Have fun demo-ing at your trade show. Know that even though you are wasting
company resources and your own time, at least you are upholding and respecting
the centuries-old traditions of the venerable Product Management People. Not
only that, you are helping ensure the gainful employ of Booth Babes the world
over. So sleep well, young Demo Dolly / Demo Dude, sleep well.
Demo on the first date, anyone?
I’ve been asked to talk about a narrow but controversial
topic – whether products should be demonstrated at tradeshows. Some of my
colleagues say that this is a bad idea, but I “never say never” when it comes to
any marketing tactic. Instead, I evaluate the buying process for the products
the company is marketing, outlining steps in a sensitive vendor/buyer dance that
is a lot like the intricacies of dating. The best steps will differ greatly
depending on the characteristics of the partners in the dance.
Think about it -- potential buyers engage in a series of
interactions with vendors, with each positive date increasing the probability
that the buyer will be willing to pursue the next phase of the relationship.
Vendors are most vulnerable in the earliest phases, when the buyer hasn't
invested a lot yet and can easily stop taking our calls. The buyer is constantly
trying to learn more, moving ever closer to the decision that we could be their
perfect partner. He doesn’t want to make the wrong choice, after all. This will
be a long-term commitment and a bad marriage will be very difficult (and
expensive) to dissolve.
So where does the trade show fit in the dating process? The
companies who are asking this question are wondering what to do with buyers who
are out on their first date (Yes, I know, there are other dates going on at the
show, but we’ll take that up another time.). It’s best to think of the trade
show as a bar or speed-dating event, with fewer and fewer potential buyers
allocating just a short time to each of several potential partners. No one is
going to get married during the show, but prospective buyers will be narrowing
down the field. Make the wrong move and we may never see them again. Present
ourselves as the perfect potential fit, however, and this could be the start of
something beautiful!
So I put myself in the shoes of the buyer (I do this with
personas) and take a look at the demo through his eyes. Then I compare it to
every other opportunity I might have to impress him. If the persona will be won
over when he sees some aspect of my product (I’m thinking of the iPhone and some
of my early adopter-friends, for instance), I’ll create a short demo that is
optimized for his concerns. I can’t do this unless I’ve really grokked the
buyer persona and can accurately predict the aspects of the product that
will generate a positive experience. I keep the demo very short and have already
outlined my plans for a second date. I’ve actually seen a few companies that can
close deals at trade shows (amazing!) but I almost always have to go slow. Good
relationships take time.
When more than one type of buyer persona will be attending
the show, I plan for multiple demos, each precisely targeted to communicate
something that will be highly valuable and quickly communicated. This is not the
time or the place to tell my whole story – that is way too much information for
the first date.
Additional Discussion
What role does tradition play in your marketing? By Jacquelyn Lynn, Business Writer
Tradeshows and lemmings. By Andy Hayler at Andy on Enterprise Software
Answer: why demonstrate at trade shows. By Bob Corrigan at ack/nak
Trade Show Booths: What a waste. By Zane at Conference Calls Unlimited
Should you demo at the show? Maybe. By Dave J. at B2Blog
Why do we demo a trade shows?
Engineers want to kick technology. They want to see what you told them on the phone, on the web and in the press is real before they ask their management to buy it for them.