Tradeshow and Exhibit Thoughtleaders
Richard Erschik's Articles
Why won’t YOUR salesforce follow-up? Because they can’t… so they won’t…and don’t. And you should not expect them to or blame them for not following up. Whaaaaaat?
Oh they might contact the names the people they know or the company names they recognize. But 86% of tradeshow booth visitors today are NEW BUSINESS prospects – Source www.CEIR.org
So how do you suppose or propose they contact the 86%?
Put yourself it their shoes for just a minute and consider the following Reed Business Information Services statistics as barriers to their lead follow-up success.
· The cost of a sales call today is $329
· The number of calls to close a sale is 5.2
· The number of sellers seen by buyers in a week is 1.8
So you’re probably thinking, why don’t they just pick up the phone and call them?
· .Based on the above statistics 50 tradeshow leads would require…
· $16,450.00 sales call cost
· 256 sales calls
· More than 28 weeks to “get in” to see the prospects.
Knowing all that, now, would YOU go through all that
effort to follow-up all the leads? Probably not.
· The CanSPAM act prohibits faxing to individuals without prior “written” permission. So fax is out.
OK, how about email? Why can’t the salesforce follow-up the leads via email?
That question is best answered with a rhetorical question. What did YOU do with YOUR email when you turned on your computer this morning, specifically to those in which you didn’t recognize the subject or the sender?
If you said Delete, Delete, Delete, you’re not alone. Because that’s what the recipients of blind email response to show leads would do because they wouldn’t recognize the sender. While 86% of them are NEW BUSINESS prospects (remember?)
I hope that by YOU knowing all of the above your blame for the salesforce not following up on the tradeshow leads is turning more to empathy. Because it’s no wonder why “Less than 20% of tradeshow leads ever get followed up” and “76% of salespeople view the value of tradeshow leads to be no better than cold calls.” Source – www.CEIR.org
So what’s the solution to the serious problem of poor lead follow-up after a tradeshow?
Continuing education! The answer is out-there, and sometimes right under-your-nose.