The Quid Pro Quo Decision
In the past week, I’ve probably lost two exhibitors because I wouldn’t make a speaking spot quid pro quo for taking a booth at the show. It’s a very difficult decision, especially for a small company like ours, because every penny in revenue counts. But my belief is that if we take the stand now, even if it causes us pain short-term, it will increase the value of the event for our attendees, for our exhibitors, and eventually for the company when we sell in twenty years.
When attendees say they only come to an event for the networking, and attend the conference only sporadically or not at all, that’s a problem. When exhibitors say they only speak at tradeshows because a booth doesn’t give them a return, that’s a problem.
The conference content should be a major reason for an attendee to come to the Expo. A booth should return enough value for an exhibitor that it’s worth doing even without speaking in the conference. That’s the way it is suppose to work and if it’s not then we are doing some wrong and changes need to be made to make it so.
In some sense this is a philosophical decision - I don’t want to be in a business where I am stuck producing lousy content that I don’t feel good about promoting and selling to my attendees. But I also believe it’s a good business decision that 10 years from now I know I’ll look back on and be glad I made it. But right now, it’s costing us dollars and it makes me nervous.
Quoting one of my favorite movies, Wall Street: “You can’t get a little pregnant, son”
April 19th, 2007 at 7:31 am |
Atta boy. It’s the only way.
April 21st, 2007 at 6:12 am |
I could not agree more! Exhibitors who demand a seat on a panel or one of the precious few presentation slots are akin to advertisers who want to exert control over a podcast or other program’s content. That may work out in the old media where the main purpose of programming is to sell product, but in the new media we do things first for the love of the content, and if a little money follows, then that’s lagniappe.
April 30th, 2007 at 12:01 pm |
Good decision. Thanks for taking the high road. - Steve
May 24th, 2007 at 5:06 am |
[...] I just discovered Tim Bourquin’s blog about starting conferences and tradeshows — a real treat for a guy like me. [...]
July 9th, 2007 at 12:55 am |
I agree with you. It’s a hard way because you may lose some exhibitors. Hopefully, they (exhibitors) will come around.