Tradeshow Promotional Product Giveaway Tips

Tradeshow Promotional Product Giveaway Tips photo· Pre- Tradeshow Marketing. Begin marketing your tradeshow prior to the trade show date by letting your contacts know you will be participating in the tradeshow event. Encourage them to attend and let them know a gift will be waiting for them when they visit your booth.

· Know your tradeshow booth visitors. Greet each tradeshow booth visitor with a handshake and request their card (great opportunity to “grow your Rolodex”). Our Motto: No card / No gift! Trade show promotional product giveaways are a tradeshow highlight but an expense for which you deserve payback. Although you don’t want guests just wandering in and out of your tradeshow booth, snagging your promotional product giveaways, it’s a great opportunity to make an impressive acquaintance and get their card for a future contact. From about a dollar or so and up you can purchase an appropriate promotional products to interest your clients and potential clients. Remember, each interested visitor to your tradeshow booth is a potential client.

· Initial Impact at the Tradeshow Door. Station a representative close to the tradeshow entrance to present each trade show visitor a promotional tote bag sporting your name or logo to create a significant impact. Your name will then be displayed throughout the tradeshow floor as clients and potential clients browse through all the booths carrying your promotional tote on their arm. When they do arrive at your booth, they will certainly have name familiarity and perhaps even be on the lookout for you as they wander through the tradeshow floor. Each tote bag should include a flyer identifying your company, describing your business and the promotional items you can provide.

· Don’t forget the children – the child in each of us, that is. You’re bound to see a significant increase in tradeshow booth traffic when your handout is a toy, i.e. a Yo-Yo. We have seen tradeshows where traffic was stopped in the aisle trying to work a new toy promotional product and those who haven’t yet gotten to your booth to pick up their toy giveaway are asking “where did you get that?” To get additional bang for your buck, distribute promotional products to other tradeshow exhibitors so they too will be playing with them throughout the tradeshow, also displaying your name and directing new visitors to your booth. Hint: You can attract special attention by having an “expert” (or self-made expert) showing off your promotional product toy at the tradeshow booth site. You can go a step further by promoting a contest involving your promotional product with a prize for the winner and creating even more interest in your tradeshow booth and providing the ultimate bang for your buck.

· Trade show Promotional Products that count. Whether it be useful, entertaining or in some way a very memorable tradeshow promotional product giveaway be sure it is one that will hang around awhile to clearly sport your name or logo and bring a lasting reminder of their visit to your tradeshow booth. That “hang-around” quality is one that really counts. When trade show guests visit several tradeshow booths in a day, how easy it is to forget who was who and who had what. Be sure your business card and/or a flyer describing your business and the products and service you can provide is attached to each giveaway you handout.

We have used these tips successfully in many tradeshows and they should make your next show even more successful.

Bootstrapping a Retail Business

Bootstrapping a Retail Business photoStarting a business is always easier when you have some funding, and far too many business advisors will tell you to wait until you have a substantial amount of capital before launching. But what if you just can’t raise the money? Then it’s time to ignore the advice of those advisors and jump into the fray.
Obviously, if there’s no funding, and you want to bankroll your new retail business out of your own poorly-funded back pocket, you will have to seriously re-evaluate your concept. Notice, we’re saying “re-evaluate,” not “abandon.” In fact, it’s still possible to start a retail business without having to shell out big money for retail space, inventory and advertising. It’s not an easy thing to get funding for a retail shop, especially one that is brand new. Expansion capital is a little easier to come by, if you already have a shop that is making money, but if you’ve got your eyes on running a brand new boutique, those funding dollars will be scarce. About the only way you’ll be able to convince a finance company or bank to give you money to start a new retail shop is if you are willing to put up the equity in your home as collateral against the loan.

And yes, if you have equity, you should expect to have to do this. But—what about the rest of us poor folks who don’t have any assets, no savings to speak of, and can’t get a signature loan? Are we doomed to a life of wage slavery? No. We just have to start out small, so small that our new business wouldn’t even show up in the radar of what most people call a small business. What we’re talking about here is a “micro business”—one that can be started with very little or no up-front capital.

Traditional business wisdom calls for a business plan that details your spending for the first year, and where that money will come from. Your original goal may have been to open up a small shop in the mall—but rents in most malls even for a small shop often go for thousands of dollars a month. A “bootstrap” retail business is one that is starting with either no, or very little funding, so that space in the mall is out of the question. 

Obviously, your first concern is inventory, and without funding, you won’t be able to carry very much of it. Consider what you envision selling, and reduce those items to include only those that have the highest margin and the quickest potential turnaround. Starting off specializing in a dozen or so items that sell briskly will prime the pump so you can add more inventory later.

As for retail space, even though the mall is out, take a look at other areas that may offer cheaper rent, even if the space is a lot smaller than what you had in mind. There may be an existing business that would be complementary to yours, with some space to spare—there’s a possibility there of making a deal. And barring that, start out without any permanent retail space at all. Many successful retail shops started out selling exclusively at local festivals, farmers’ markets, flea markets and specialty shows, where you rent space by the day or week. While you’re selling at these venues, collect a customer mailing list so you can send your best customers a card when you are able to finally move into a permanent retail space.

Most importantly—don’t assume that you can’t go into business just because you don’t have a lot of money.

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