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The Tri-City Academy of Business Meeting
Organizers

New trends of destination promotion on the foreign
markets.Trend in meetings industry

Rob Davidson, University of Greenwich, London.
Hotel Radisson Blu, 08 December, 2011



          Promocja turystyki biznesowej jako markowego produktu Gdańska i Pomorza
Projekt współfinansowany przez Unię Europejską z Europejskiego Funduszu Rozwoju Regionalnego
TODAY‟S PROGRAMME
 Market segments in the meetings and
  events industry: who buys what?
 Sources of meetings and events business
 Appointments with buyers
 The art of negotiating
 Selling at trade shows
 Developing profitable relationships with
  your clients
 Trends in the meetings industry
 WHAT ELSE ….. ?
MARKET SEGMENTS IN THE
 MEETINGS AND EVENTS
       INDUSTRY

   WHY BUYS WHAT?
•   Private companies (training courses, product
    launches, Annual General Meetings …)
•   - Financial / Medical / Automotive / ICT
•   Associations (local, regional, national,
    international)
•   Governments (municipal,
•   regional, national, international)
•   Academics
•   Common-interest groups
SOURCES OF
MEETINGS AND EVENTS
      BUSINESS
PAST CUSTOMERS

 Why   didn‟t they come back to
  you ?
 Contact them to find out !
CURRENT CUSTOMERS


 Repeat business
 Referrals
 Testimonials
NEW CUSTOMERS

 Prospecting: the
                20% rule
 Where do you start?
SOURCES OF NEW BUSINESS
   Business you lost in the past
   Friends and family
   Trade shows
   Trade publications
   Industry association contacts
   Websites/social networking sites
   Convention Bureau !
SOURCES OF NEW BUSINESS
 Commercial  databases
 Newspapers, business
  directories
 Networking lead-sharing
  groups
 ON THE ROAD !
APPOINTMENTS WITH
      BUYERS
APPOINTMENTS WITH BUYERS
 Ishe/she really the decision-
  maker? Identify the key decision-
  makers and those who influence
  them
 Pre-meeting research
 Plan your strategy
 Plan your presentation
PREPARATION
 What is the company profile? (Their
  background, activities, locations, press
  coverage …)
 What is their company history with your
  business?
 Set some appointment goals and objectives
  –what do you want from the appointment?
 Collateral and gifts?
PREPARATION
   What is your strategy?

 - your budget boundaries
 - the benefits you are prepared to offer
 - up-selling / cross-selling
APPOINTMENTS WITH BUYERS

 QUALIFYING   QUESTIONS

– WHAT SHOULD YOU ASK?
PERSONAL SELLING
     1.The event:
  -   What is its purpose?: “What are your
      objectives in holding this event?”
  -   How confidential is it?
  -   How frequently is it held? (Repeat
      business?)
  -   Who are the delegates?: “What is the
      personality of the group?”
  -   How much free time will they have?
PERSONAL SELLING
   2.The date:

-   How flexible can you be with your chosen
    date?
-   If we were able to offer you a better deal
    on an alternative date, would you be
    interested?
PERSONAL SELLING
   3. Other destinations and venues:
-   Which other venues/destinations have you
    used previously?
-   What was your experience like?
-   Which other venues/destinations are you
    considering for this event?
-   Why have you decided not to return to last
    year‟s venue/destination?
PERSONAL SELLING
   4.The decision

-   When will the decision be taken on the
    choice of destination/venue?
-   Who will be making the decision?
-   Who is the main organiser?
-   When do you expect delegates to book?
PERSONAL SELLING
   5.The budget

-   What is the budget for the event?
-   How will payment be made ?
-   How important to you is price, in your
    choice of venue ?
PERSONAL SELLING
   6.The client’s priorities

-   What is important to you about the
    venue you select?
-   How will the success of the event be
    judged?
PERSONAL SELLING
   7.The site visit

-   When can you visit us?
-   How long can you stay?
-   What are you looking to achieve from
    your visit?
-   Who will be visiting?
-   What would you like to see?
NEGOTIATING
 Successful negotiation is about achieving a
  „win/win‟ situation for both the client and
  your venue. It:
 Meets the needs of both parties
 Leads to a decision which is not
  unacceptable to anyone
 Requires two-way communication
 Has an emphasis on flexibility
 Concentrates on objectives
 Maintains a long-term relationship.
NEGOTIATING
   Unsuccessful negotiations are normally
    due to:
   Inadequate preparation
   Ignoring the „give/get‟ principle
   Use of intimidating behaviour
   Impatience and loss of temper
   Talking too much and listening too little
   Arguing instead of influencing
   Ignoring conflict.
APPOINTMENTS WITH BUYERS
 LISTEN   ! (the 20/80 rule)
 Take notes
 Smile when appropriate
 Show interest - make them feel
  important
APPOINTMENTS WITH BUYERS

 Summarise   the clients‟ needs
  and offer solutions
 Sell your UNIQUE strengths
 Prepare for objections (liabilities
 or misunderstandings?)
APPOINTMENTS WITH BUYERS

 OBJECTIONS:
  misunderstandings – or –
  liabilities ?
 What objections could you
  face, about your venue?
APPOINTMENTS WITH BUYERS


 ACTION
 IMPLEMENTATION
 FOLLOW-UP
 KEEPING   CUSTOMERS
SELLING AT
TRADE SHOWS
SELLING AT TRADE SHOWS

 HOWDO YOU PREPARE FOR
AN EXHIBITION ?
SELLING AT TRADE SHOWS

 Thefront of your stand should be
 open – inviting visitors into „your
 space‟
 Graphics: clear, simplemessages –
 visible from a distance.You have 3
 seconds
SELLING AT TRADE SHOWS


 Havesomething „unexpected‟ on
 your stand, to attract visitors –
 competitions, gifts, a lottery.
 Keep literature at the back.
SELLING AT TRADE SHOWS
 Arrive early – and stay until the
  end
 Staff should be friendly,
  knowledgeable and courteous:
  acknowledge each visitor
 Only sit down when conducting
  business
SELLING AT TRADE SHOWS
A   smile, eye contact – and a good
  solid handshake
 Ask (open) questions – propose
  solutions
 No eating, drinking, smoking on
  the stand – or chatting between
  staff
SELLING AT TRADE SHOWS
 Be  ready with a short description
  of what you are selling (your
  „elevator speech‟) You have 15
  seconds
 Have enough brochures, business
  cards
SELLING AT TRADE SHOWS

 Have   at least 2 people on the
  stand
 Frequent breaks, change of
  shoes, thick carpet. Love your
  feet.
POST - SHOW

 Follow  up quickly all the new leads
  / enquiries
 Also follow up: all visitors to your
  stand
 Try to get a complete list of
  visitors to the show
DEVELOPING PROFITABLE
RELATIONSHIPS WITH YOUR
        CLIENTS
THANK YOU!

     Rob Davidson

R.Davidson@greenwich.ac.uk

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Rob Davidson presentation at the Tri-City Academy of Business Meeting Organizers in Gdansk, 8 December, 2011

  • 1. The Tri-City Academy of Business Meeting Organizers New trends of destination promotion on the foreign markets.Trend in meetings industry Rob Davidson, University of Greenwich, London. Hotel Radisson Blu, 08 December, 2011 Promocja turystyki biznesowej jako markowego produktu Gdańska i Pomorza Projekt współfinansowany przez Unię Europejską z Europejskiego Funduszu Rozwoju Regionalnego
  • 2. TODAY‟S PROGRAMME  Market segments in the meetings and events industry: who buys what?  Sources of meetings and events business  Appointments with buyers  The art of negotiating  Selling at trade shows  Developing profitable relationships with your clients  Trends in the meetings industry  WHAT ELSE ….. ?
  • 3. MARKET SEGMENTS IN THE MEETINGS AND EVENTS INDUSTRY WHY BUYS WHAT?
  • 4. Private companies (training courses, product launches, Annual General Meetings …) • - Financial / Medical / Automotive / ICT • Associations (local, regional, national, international) • Governments (municipal, • regional, national, international) • Academics • Common-interest groups
  • 5. SOURCES OF MEETINGS AND EVENTS BUSINESS
  • 6. PAST CUSTOMERS  Why didn‟t they come back to you ?  Contact them to find out !
  • 7. CURRENT CUSTOMERS  Repeat business  Referrals  Testimonials
  • 8. NEW CUSTOMERS  Prospecting: the 20% rule  Where do you start?
  • 9. SOURCES OF NEW BUSINESS  Business you lost in the past  Friends and family  Trade shows  Trade publications  Industry association contacts  Websites/social networking sites  Convention Bureau !
  • 10. SOURCES OF NEW BUSINESS  Commercial databases  Newspapers, business directories  Networking lead-sharing groups  ON THE ROAD !
  • 12. APPOINTMENTS WITH BUYERS  Ishe/she really the decision- maker? Identify the key decision- makers and those who influence them  Pre-meeting research  Plan your strategy  Plan your presentation
  • 13. PREPARATION  What is the company profile? (Their background, activities, locations, press coverage …)  What is their company history with your business?  Set some appointment goals and objectives –what do you want from the appointment?  Collateral and gifts?
  • 14. PREPARATION  What is your strategy?  - your budget boundaries  - the benefits you are prepared to offer  - up-selling / cross-selling
  • 15. APPOINTMENTS WITH BUYERS  QUALIFYING QUESTIONS – WHAT SHOULD YOU ASK?
  • 16. PERSONAL SELLING  1.The event: - What is its purpose?: “What are your objectives in holding this event?” - How confidential is it? - How frequently is it held? (Repeat business?) - Who are the delegates?: “What is the personality of the group?” - How much free time will they have?
  • 17. PERSONAL SELLING  2.The date: - How flexible can you be with your chosen date? - If we were able to offer you a better deal on an alternative date, would you be interested?
  • 18. PERSONAL SELLING  3. Other destinations and venues: - Which other venues/destinations have you used previously? - What was your experience like? - Which other venues/destinations are you considering for this event? - Why have you decided not to return to last year‟s venue/destination?
  • 19. PERSONAL SELLING  4.The decision - When will the decision be taken on the choice of destination/venue? - Who will be making the decision? - Who is the main organiser? - When do you expect delegates to book?
  • 20. PERSONAL SELLING  5.The budget - What is the budget for the event? - How will payment be made ? - How important to you is price, in your choice of venue ?
  • 21. PERSONAL SELLING  6.The client’s priorities - What is important to you about the venue you select? - How will the success of the event be judged?
  • 22. PERSONAL SELLING  7.The site visit - When can you visit us? - How long can you stay? - What are you looking to achieve from your visit? - Who will be visiting? - What would you like to see?
  • 23. NEGOTIATING  Successful negotiation is about achieving a „win/win‟ situation for both the client and your venue. It:  Meets the needs of both parties  Leads to a decision which is not unacceptable to anyone  Requires two-way communication  Has an emphasis on flexibility  Concentrates on objectives  Maintains a long-term relationship.
  • 24. NEGOTIATING  Unsuccessful negotiations are normally due to:  Inadequate preparation  Ignoring the „give/get‟ principle  Use of intimidating behaviour  Impatience and loss of temper  Talking too much and listening too little  Arguing instead of influencing  Ignoring conflict.
  • 25. APPOINTMENTS WITH BUYERS  LISTEN ! (the 20/80 rule)  Take notes  Smile when appropriate  Show interest - make them feel important
  • 26. APPOINTMENTS WITH BUYERS  Summarise the clients‟ needs and offer solutions  Sell your UNIQUE strengths  Prepare for objections (liabilities or misunderstandings?)
  • 27. APPOINTMENTS WITH BUYERS  OBJECTIONS: misunderstandings – or – liabilities ?  What objections could you face, about your venue?
  • 28. APPOINTMENTS WITH BUYERS  ACTION  IMPLEMENTATION  FOLLOW-UP  KEEPING CUSTOMERS
  • 30.
  • 31. SELLING AT TRADE SHOWS  HOWDO YOU PREPARE FOR AN EXHIBITION ?
  • 32. SELLING AT TRADE SHOWS  Thefront of your stand should be open – inviting visitors into „your space‟  Graphics: clear, simplemessages – visible from a distance.You have 3 seconds
  • 33. SELLING AT TRADE SHOWS  Havesomething „unexpected‟ on your stand, to attract visitors – competitions, gifts, a lottery. Keep literature at the back.
  • 34. SELLING AT TRADE SHOWS  Arrive early – and stay until the end  Staff should be friendly, knowledgeable and courteous: acknowledge each visitor  Only sit down when conducting business
  • 35. SELLING AT TRADE SHOWS A smile, eye contact – and a good solid handshake  Ask (open) questions – propose solutions  No eating, drinking, smoking on the stand – or chatting between staff
  • 36. SELLING AT TRADE SHOWS  Be ready with a short description of what you are selling (your „elevator speech‟) You have 15 seconds  Have enough brochures, business cards
  • 37. SELLING AT TRADE SHOWS  Have at least 2 people on the stand  Frequent breaks, change of shoes, thick carpet. Love your feet.
  • 38. POST - SHOW  Follow up quickly all the new leads / enquiries  Also follow up: all visitors to your stand  Try to get a complete list of visitors to the show
  • 40. THANK YOU! Rob Davidson R.Davidson@greenwich.ac.uk