The words trade show stand for “trading day”. Trade shows are organized by business owners and marketing professionals who aim at promoting their companies, products or services to interested parties. Trade shows attract people of all ages, from small business people to major multinational corporations. Trade shows can be an excellent venue for small businesses to get the exposure they need to be able to compete with other businesses. It can also be a great way for an upstart company to get noticed.
Trade shows mainly take place during the summertime, between May and August, although some companies still hold their events during the winter months. Trade shows include the exchange of goods or services between two or more entities, often at mutually agreed upon terms, with each participant receiving cash as a reward for bringing goods or services to the others. Economists often refer to such an exchange as a niche market, the equivalent of a specialized market segment that enables trade show participants to specialize in their respective areas of specialization.
There are various types of trade fairs or exhibitions, depending on the nature and objectives of the event. In some cases, trade shows are intended to gather potentials customers, whereas in other instances, they are used to introduce or promote new products or services. In some instances, trade fairs are used to test the quality of a company’s product, or to attract new customers. All these objectives lead to one very clear fact – trade shows help companies improve productivity, which leads to increased sales, which leads to increased profits! And all these are directly associated with economic development!
Today, most big companies have an official PR department, which is responsible for disseminating information about their products and services to the media and the general public. Some companies also make use of trade shows to strengthen their brands and sell new ones. As a matter of fact, this aspect of a company’s growth is perhaps the most important – whether the company makes use of face-to-face demonstrations or makes use of its website, or both. The better idea is to make use of a combination of all these mediums, and not just limit ourselves to one or the other. It is well known that face-to-face communication is more effective than any kind of communication over the Internet.
In addition to strengthening a brand or promoting a new product, trade shows also allow companies to display their latest innovations and technologies. Companies may exhibit the latest new products, services, and innovations, at a fair. They can showcase their achievements in engineering, manufacturing, sales, and marketing, all put under the theme of “green technology”. Companies can also let the public see the products, before they are made available to the general market.
Conventions are often held in shopping malls, hotels, resorts, offices, and parks, among other venues. As for trade shows, companies should plan for exhibits and displays, hotel ballrooms, convention centers, and open air events, such as exhibits, trade shows, fairs, and presentations. All these venues and exhibits serve to strengthen a company’s presence. But planning is crucial. We highly recommend that all our clients organize and execute a strong, well-planned, well-displays and exhibitions, for lasting positive effects on business.