Business
4 Strategies To Ensure Your Trade Show Booth Gets Noticed
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Trade shows are among the most crucial sales and marketing tools. They allow you to showcase your products and services to potential clients. In addition, they give you a great opportunity to personally meet with prospective customers and engage with people interested in your goods and services.
On top of that, trade shows allow you to monitor your competitors. You can observe your direct competitors to know what’s working or not working for them. Know what they’re doing right for their booth to be famous or the mistakes they’ve made for them to be unpopular. Finally, trade shows enable you to connect with other businesses that complement your goods and services.
However, you must attract the right and interested attendees to your booth to achieve all these. Given the various booths at trade shows, you must ensure your booth stands out from the crowd and draws in as many people as possible. With that in mind, here are four strategies to ensure your trade show booth gets noticed:
A vector illustration of people looking at an exhibition booths
- Create An Eye-catching Booth Design
Creating an eye-catching booth design lets you win over customers at the trade show. You need to be the centerpiece by designing a booth worth the attendees’ attention. To do this, here are some tactics you can employ to stand out from the crowd:
- Stay on brand: The first thing to do when designing an eye-catching booth design is to incorporate your brand image into your design. A well-designed booth must be a visual representation of your brand. Attendees must be able to identify your brand’s personality, identity, and products from a distance.
- Use popping graphics: Trade shows have numerous companies who want to link with clients like yours. Therefore, to be outstanding, your booth must have graphics that passersby can quickly identify, even in their peripheral view.
- Use different visuals: Varying the types of visuals in your booth design dramatically augments your chances of attracting a larger crowd.
- Keep your message simple: Trade shows are full of companies attempting to convey their message. If you don’t have a straightforward mission and value, potentials can choose your competitors.
You aim to differentiate yourself from your competitors in a trade show with thousands of people. Use these tactics to create a design to attend as many attendees as possible. For a winning trade show booth, consider hiring professional event planners.
- Include A Game
Adding a game to your booth can make a tremendous positive impact on your brand’s booth traffic. Attendees moving around can stop by to have fun, play to win a prize, and reboot their tired minds. They can even tag along with their friends, increasing your booth’s traffic. Other benefits of including a game in your trade show booth include the following:
- It enhances attendee engagement
- Boosts retention
- It can improve your trade show’s return on investment (ROI)
- Boosts your reputation
- Generates more sales and leads
- Aids socialization
- Makes it memorable
Visitors want active entertainment and participation. Therefore, you can use this chance to draw the attention of the attendees through games and intensify your brand relationship with them.
- Leverage The Power Of Social Media
In the modern world, multitudes of people use social media. You can take this advantage to let people know about your brand. Create user-generated content to draw more attention to your business and gain a lot of interest in your contest. However, it’s vital to establish and adhere to a strategic plan for optimal results. Below are some practices to consider:
- Constantly remind users where they can find your booth
- Point out all the unique components your booth attendees can expect when they stop by
- Engage with your attendees, answer their concerns, and offer help where needed
- Use hashtags in your posts for attendees to easily find you
- Share photos and videos for people who have never been to a trade show to know what happens behind the scenes
With these practices, your booth will remain on top of mind with attendees, and the added exposure may efficiently increase your company’s social reach.
- Use Bright Colors
Color is one of the most crucial elements of a trade show. Your choice of colors can significantly impact how visitors quickly notice your brand. Also, the color of your trade show booth can speak a lot about your brand. It can attract attendees or make them choose your competitors.
Bright colors like red, orange, yellow, green, and blue can make your booth stand out on a trade show floor. They enable visitors to recognize your booth instantly. However, don’t use numerous colors because they confuse and overwhelm visitors. On the other hand, using a few colors can be dull. Before settling on any color, consider the age and gender of your target audience. Additionally, know what each color signifies and choose colors that follow your company’s colors and aesthetic.
Conclusion
Trade shows are one of the best ways to boost your brand awareness, directly interact with prospective clients, and obtain the contact data you require to turn prospects into qualified leads. However, your competitors will also be in the exhibition, meaning they’ll also try to attract the same visitors as you. For this reason, you need to develop strategies that help you stand out from the competition. The above tactics make attendees notice and recognize your brand and immediately draw in a larger crowd.
UK consumer prices jumped by 10.4% in February compared with a year ago, as food inflation hit its highest level in more than 45 years, and as the cost of visiting restaurants and hotels increased, official data showed Wednesday.
Food prices soared 18.2% through the year to February, the sharpest rise since the late 1970s. The Office for National Statistics noted particular increases for some salad and vegetable items, partly caused by shortages, which led to rationing by supermarkets.
The surprise uptick in inflation in February follows months of deceleration since the pace of price rises reached a 41-year high of 11.1% in October.
The latest figures could make it more likely that the Bank of England hikes interest rates again when it meets Thursday.
Although recent turmoil in the banking sector is expected to weaken economic activity, as lending criteria are tightened, and so dampen inflation, “the Bank of England may well want to see hard evidence of that before it stops raising interest rates,” said Paul Dales, chief UK economist at Capital Economics.
“It’s still a very close call, but these figures give us a bit more confidence in our forecast that the Bank will raise interest rates from 4% to 4.25% tomorrow.”
But Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said increases in food inflation and catering services inflation accounted for all of the rise in the headline rate and both were linked to the jump in the price of fresh food as a result of bad harvests.
“This boost should unwind over the coming months,” he said on Twitter. “It makes little sense to hike rates to counter a weather-related jump in food prices.”
Core inflation — which strips out volatile food and energy costs — also rose, coming in at 6.2% in the year to February, up from 5.8% in January.
The data complicates the central bank’s decision over whether it should raise rates for the 11th consecutive time Thursday — and makes it harder for the government to deliver on its January pledge to halve inflation this year.
And Britons are still getting poorer. Wages rose 6.5% in January compared with a year prior, far below the inflation rate both that month and in February.
U.S. stocks wavered early Wednesday as Wall Street awaits for the Federal Reserve’s latest interest rate decision amid of a fast-moving banking crisis.
The S&P 500 (^GSPC) ticked down near the flatline, and the Dow Jones Industrial Average (^DJI) edged higher. Contracts on the technology-heavy Nasdaq Composite (^IXIC) edged down by 0.1%.
U.S. government bond yields edged up. The benchmark 10-year Treasury yield increased to 3.6%, while on the front end of the yield curve, two-year yields rose 4.2%. Oil prices gained, with WTI crude up to $70 a barrel.
The Federal Reserve’s policy-making committee, headed by Chair Jerome Powell, will take center stage Wednesday. Market expectations have skewed firmly toward a 25-basis point rate hike or no move at all. The shift has been spurred by recent turmoil in the banking sector and the European Central Bank’s decision to hike rates by 50 basis points last Thursday.
Jim Reid and colleagues at Deutsche Bank believe that the “ECB’s decision last week offers a relevant blueprint for the Fed: Raise rates in line with expectations, drop forward guidance, but signal a continued tightening bias.”
This move came amid calls for central banks on both sides of the Atlantic to dial back on policy tightening in light of the banking crisis. Ahead of the U.S. policy meeting, markets are pricing in an 87% probability of a 25-basis point hike by the Fed – according to the CME FedWatch Tool.
The Fed releases its decision and economic projections at 2 p.m. ET, and Powell gives a statement and takes questions starting around 2:30 p.m. ET.
“Powell’s challenge in the press conference will be to maintain focus on fighting inflation while signaling flexibility in how they deal with the banking crisis,” Michael Feroli, Chief U.S. Economist at JPMorgan, wrote in a note to clients.
Regulators have taken pains to emphasize the banking system is stable. On Tuesday, Treasury Secretary Janet Yellen said the U.S. banking system is “sound” but additional rescue arrangements “could be warranted” if new failures pose risks to financial stability.
Bank sentiment slid on Wednesday after surging Tuesday amid Yellen’s comments. Regional bank stocks including First Republic Bank (FRC), PacWest Bancorp (PACW), Western Alliance Bancorporation (WAL),Regions Financial (RF), and Zions Bancorporation (ZION) all traded lower.
Separately, PacWest said it secured $1.4 billion in new cash from a firm backed by Apollo. The regional lender saw deposits drop 20% since the start of the new year.
Big bank stocks slipped, as Bank of America (BAC), JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) all traded down Wednesday morning.
Meanwhile, despite a $30 billion cash lifeline last week to First Republic, news reports are swirling that Wall Street executives and US officials are in talks over a new rescue plan to restore investor confidence and potentially ensure a buyer.
UBS Group AG (UBS) has offered to buy back 2.75 billion euros ($3 billion) worth of bonds that were issued days before the weekend’s forced marriage between UBS and Credit Suisse, Bloomberg reported. At the same time, Credit Suisse (CS) was ordered by the Swiss government to temporarily suspend certain forms of variable bonuses for its employees.
Here are other trending tickers on Yahoo Finance:
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Nike (NKE): The sports apparel brand announced a dramatic fiscal third-quarter revenue beat of 8%, while earnings per share came in higher at 79 cents compared to expectations of 54 cents. Bloated inventory levels had been a concern for the company, but that appears to be reversing.
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GameStop (GME): The meme stock reported after hours Tuesday sales came in 2% ahead of estimates. The retailer posted a surprise adjusted earnings per share of 16 cents compared to analysts expectations of a loss of 15 cents per share.
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AMC Entertainment Holdings, Inc. (AMC): Shares are trading higher amid the strength posted by GameStop earnings. Both stocks often move in tandem, as this duo is popular among retail investors who tend to heavily short stocks.
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Coinbase (COIN): Bitcoin’s rally is fueling a bounce in shares of Coinbase amid reignited interest in digital assets.
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XRP USD (XRP-USD): The altcoin ripple has surged 13% in the past 24 hours to $0.45 amid ongoing case between XRP and the Securities and Exchange Commission (SEC) in the US.
On the earnings calendar, results from Chewy (CHWY) and KB Home (KBH) are set for release on Wednesday.
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Dani Romero is a reporter for Yahoo Finance. Follow her on Twitter @daniromerotv
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Shake Shack Inc. is expanding to Canada, with its first location planned for Toronto next year.
The New York-based restaurant chain made the announcement in a press release Wednesday, saying it will partner with two Toronto-based investment firms — Osmington Inc. and Harlo Entertainment Inc. — to open its first Canadian location in 2024.
The burger-and-fries chain first opened in New York in 2004 and has since expanded to have 290 locations across 32 U.S. states, and 150 international locations including London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo and Seoul.
The Toronto location will be its first in Canada, but the chain says it plans to have up to 35 locations across the country by 2035.
“We have been eyeing this incredible opportunity in Canada for quite some time,” said Michael Kark, the chain’s global licensing officer.
Osmington is a privately held commercial real estate investment fund owned and controlled by David Thomson, chairman of Thomson Reuters. Osmington’s assets also include the Winnipeg Jets, which it acquired when the NHL franchise was relocated from Atlanta. Osmington also owns the retail concourse at Toronto’s newly refurbished transit hub, Union Station.
“Shake Shack has long been a brand that we admire,” Osmington CEO Lawrence Zucker said in the release. “Their emphasis on community building, enlightened hospitality and exceptional food quality aligns with our values and we are thrilled to be bringing them to Canada.”
Burger wars heating up
Shake Shack’s long-awaited entrance into the Canadian market comes amid a wave of U.S. fast food brands expanding to Canada over the last decade.
Five Guys, Carl’s Jr., Wahlburgers and Blaze Pizza all flocked to Canada before Chick-fil-A and Dave’s Hot Chicken headed north in recent years.
The newest entrants leaned heavily on chicken, a category that has increased in popularity as some consumers become more health-conscious and shift their diets away from red meat.
Chicken sandwiches were included in 7.3 per cent of all restaurant orders in Canada in 2020, data released by research firm NPD Group found. That amounts to 386.4 million servings.
Some 17.6 million BBQ chicken sandwiches were ordered in Canada in 2020, up 40 per cent from the year before, while 228 million breaded chicken sandwiches were gobbled up, down three per cent from the year before.
However, burgers, the star of Shake Shack’s menu, still reign supreme. They were included in 9.6 per cent of all Canadian restaurant orders in 2020, which translated to 739.3 million servings of burgers.
Canadian companies have coped with the onslaught of American counterparts by expanding their own fast-food offerings. Several added chicken sandwiches and all-day breakfast menus, while Tim Hortons partnered with pop superstar Justin Bieber to launch three new Timbit flavours — called Timbiebs — and experimented with flatbread pizza.
But drawing in customers has become even more challenging after inflation reached a near 40-year high last year, making the cost of dining out harder for consumers to stomach.
Statistics Canada’s latest data shows the cost of food purchased from takeout restaurants increased 8.6 per cent since last February.
Visits to fast food joints in Canada were up nine per cent in 2022, just shy of the 11 per cent gain they saw in 2021, NPD Group research shows.
Micro galleries highlighting MMIWG stories aim to reconcile through knowledge and art – CBC.ca
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