If you haven’t reviewed your company’s cost savings as a result of trade show cancelations, look now! Even though your total investment depends on the size of your booth and frequency of events, it’s safe to say you’ve saved thousands of dollars. If trade shows have traditionally been a positive investment for your organization, your sales pipeline might be missing some new prospects. Here are some budgeting tips for the end of 2020 now that we are knee–deep in budget season.
Are you using this money to grow your pipeline? If so, how?
The unfortunate cancelation of all in-person trade shows and conferences have none-the-less opened countless opportunities for other marketing tactics to be utilized. Now more than ever, marketing and sales are working hard to ramp up business development. How is your company supporting them? Is your company pursuing B2B phone outreach tactics, email marketing, direct mailers or other lead generation techniques? On the digital side, do you allocate funds to paid advertising, for example Google Ads, LinkedIn Sponsored Ads, or Facebook Ads? What accounts for your biggest marketing costs? From a ROI perspective, if you’ve tracked results, which are most successful? (more…)
