Heard Enough Talk About TED Talks?

Even if you’ve never been to a TED conference, if you’re an event organizer, the phenomenon has changed your professional life — sometimes for the better, sometimes for the worse — and could change it even more, if you’re willing to risk it.

Having now lived with the TED phenomenon for about 10 years or so, when an attendee at a conference I’m associated with walks up to offer me some advice and starts with, “You know, at TED Talks….” I find it hard to not roll my eyes.

Never have so many had so much to say about an event so few have ever been to.

Still, the concept behind TED is a substantial one that is slowly beginning to transform the conference industry — again, sometimes for the better, sometimes for the worse.

The better: One piece of real information many people have connected to regarding TED is that there is an 18-minute limit on all presentations. That has forced those who organize conferences to realize they can’t sit three or four speakers behind a table in front of an audience, give them an hour and a half and a clicker for their slides, and expect a satisfactory result.

TED has helped many of us realize it doesn’t take that long to tell a good story or deliver a valuable lesson.

The trend is toward shorter conference sessions where fewer speakers — often only one — take a deep dive into a single subject before the attendees move on to their next deep, but quick, dive.

The worse: I can’t count on both hands the number of people in the last few years who have told me, “My goal is to do a TED Talk.”

The well-branded TED phenomenon has pushed us into the era of the “thought leader,” the person who is less interested in giving your conference attendees information they can use and more interested in evangelizing an idea, usually one they alone know can save the world.

It has created the speaker who has a “following,” who moves from conference to conference delivering the same presentation — albeit with a different clever title each time — and whose real ROI is a round of applause at the end and the opportunity to distribute their Twitter handle.

Meanwhile, the conference organizer is stuck with a crowd of attendees filling out post-event surveys a few days later who suddenly realize that, while they enjoyed the speakers’ performances, they can’t remember a single thing they learned at the event that will help their businesses.

The promise: What started out back in 1984 as a single conference for 800 invited guests…remains that, but it has spawned a never-ending string of TED-related channels that constantly reinforce the original brand.

Most of the 18-minute TED Talk presentations are available at ted.org, YouTube and other venues. There are thousands of TEDx Talks held by unaffiliated organizations, but under strict guidelines mandated by the original TED organization.

There are TED Books, TED blogs, TED Prizes, TED Fellows and, yes, countless opportunities to become TED’s marketing partner.

A little more than 10 years ago, after entrepreneur Chris Anderson bought TED from its founder, he declared it no longer a conference, but “ideas worth spreading.”

That’s his brand: “Ideas worth spreading.”

Why doesn’t the average Annual ABC Conference and Trade Show have “ideas worth spreading”? Why is access to ABC followers limited to three or four days the same month every year?

The promise that TED offers the events industry is the opportunity to expand its brands way beyond a mere conference into numerous paths for followers and community members to take that will allow them to spread their own ideas.

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What the Clarion Deal Can Teach Association Event Organizers

The lesson may be

that there is plenty of value in events…but it must be tapped.

Private equity player Blackstone recently paid nearly $780 million for UK-based for-profit Clarion Events. Ten years ago, Veronis Suhler Stevenson bought Clarion for $155 million, then Providence Equity Partners paid $260 million for it two years ago.

Granted, competition in the private equity world is driving multiples up as they continue to take on investors who want to see their money put to work, but there’s a reason why Blackstone, with close to half a billion dollars under management, chose an event company.

Clarion

What’s the reason?

The tide may be turning in the digital assault on the marketing world. While CMOs still like to say they “measure” impact, Ad News recently pointed out that a 2-second view of a video on social media counts as a charge in the same way that a 30-second view of a traditional TV commercial does.

So, measure that.

Exhibit sales people – at least in the for-profit world – know this dirty little secret about social media marketing use it as ammunition.

What do exhibit sales people in the association world know?

That their members are unhappy. That their show floors are shrinking.

That their association boards lack the vision necessary to move their business models into the 21st century.

That they can deliver the content and the networking opportunities that their members and industry associates want…if only their leadership was as nimble as that in the for-profit world.

That they could enhance their events’ value to their association members five times over within 10 years, just as Clarion Events did for its investors.

Michael Hart is a conference content professional and business consultant who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com or 323-441-9654.

How Events Can Beat Digital Competitors at Their Own Game

You don’t need me to tell you how frustrating it is to have a potential exhibitor tell you they’re putting more of their marketing budget into digital channels and less into events – therefore, “Check with me next year.”
Nevertheless, we all know even a mediocre event can give marketers a few things they will never be able to get from the Googles, LinkedIns, Facebooks and Amazons of the world. Where we have failed is in communicating that value proposition.
Certainly, the ground has shifted over the last 15 or so years. In his July 15 Wall Street Journal article, Jonathan Taplin traces the path some of the mega-tech companies have taken over the past decade and a half and compares it to the paths our best-known creative industries have taken.
Google’s ad revenue has grown from $1.6 billion in 2000 to $79.4 billion last year.
LinkedIn hasn’t been around as long and is not nearly the monster Google is. But it went at lightning speed from generating $155 million in all of 2011 to $975 million in the first quarter of this year (coincidentally, its first full quarter as a Microsoft property).
Conversely, newspaper ad revenue dropped from $65.8 billion in 2000 to $23.6 billion in 2013, the last year figures were available. Sales of recorded music went from approximately $20 billion a year in 2000 to $8 billion last year.
What is the difference between these rising and falling industries?
Google and LinkedIn are technology platforms that collect and sell data. Newspapers and recording companies provide content. If balance sheets send messages, this one is simple: The platform providers, not the content providers, are making the money.
So what can you do to take advantage of this disruption? Make sure your exhibitors know you can provide the buyers they’re looking for in a way that a data-collecting platform can’t. Then secure those buyers by offering them content so compelling buyers-slash-attendees know your event is the only place this year they are going to get everything they need to run their businesses.
Tell everybody this is where they need to be for the latest information on their industry, the products and services they need right now to innovate their businesses, and the connections they must make to be successful.
Don’t be a platform! Be a community builder and content provider…then watch the rest unfold.
Michael Hart is a business consultant and writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com or 323-394-0902.

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This Is What Keeps Trade Show Organizers Up at Night

We know the trade show industry is in great shape because CEIR and the trade show media keeps telling us it is, right?

According to CEIR, the first quarter of 2017 was up 1.6 percent over the same quarter a year ago. Revenue was up even more: 2.3 percent. And almost every week, our industry oracles reprint press releases telling us of another show that broke all previous records.

So why are you so nervous?

Is it because your traditional measurement tools no longer work? Is it because the sponsorship contracts and attendee registrations you used to expect six months out or two months out, or even two weeks out, are no longer there?

Many of you are reaching your attendance or revenue goals – eventually – but why does it seem so much harder than it used to? Why is it that you now only can relax on the last day of your event, take a deep sigh and say, “That was a close one”?

Before I started working with event organizers, I spent many years as a newspaper editor. Whenever we blew a deadline, it was almost always clear to me that it wasn’t because of something that happened in that last hour or two before a paper was supposed to go to press. It was because of something that did NOT happen 24 hours earlier.

Potential sponsors and, especially, potential attendees, have the luxury of time in a way they never have had before. They can wait until the last minute to decide whether they’ll participate in your show.

That doesn’t mean they aren’t paying attention to what you’re doing in the meantime. What you do six months or even 10 months out matters more now than it ever did, even though you don’t have the tangible proof that it does.

Potential attendees are looking at your site to see who your keynote speakers are – so you better have them in place early. They are looking to see who is going to be in the exhibit hall that they want to see.

And, as developments change the focus in their industry, they’re checking back to see if you’ll be there in two months or, sometimes, in two weeks, to explain it all to them.

You know there is an urgent need for your community to be at your event. Now tell your community that – and learn to live with those sleepless nights.

Michael Hart is a business consultant and writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com or 323-394-0902.

 

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8 Ways an Association Event Organizer Can Serve an Industry in Decline

Not every association event organizer gets to run International CES for the consumer technology industry.

Some of us – and you know who you are – manage events for trade associations whose industries have seen better days, industries that have hit an economic rough patch.

Budgets for association member companies are tight, sponsors ignore your voice mails, event attendance drops off and everybody you talk to is grouchy. What’s more, traditionally the annual convention and trade show has been the association’s cash cow and suddenly your president and board are looking to you to do even more to cover the deficit created by declining membership and dues revenue.

And your association has bylaws that say there will be an event every year – no matter what. What’s a flailing association event organizer to do?

  1. Knock off the self-pity. This isn’t about you, it’s about your association and its industry. There may never be a time when your association’s members need a quality event more. Turn your meetings into clearinghouses where attendees can get the information they need to improve their businesses and provide them a venue to interact with each other.
  2. Make your association leaders understand. This is a new paradigm for them too. Association presidents and boards can easily turn a crisis into an opportunity to tell members that “everything will be all right,” when it’s just not true. You must make them understand that this is the time to redouble your efforts to help your membership.
  3. Abandon the annual meeting. Diversification and shifting consumer trends are hitting many industry associations. Maybe a series of smaller events that cater to unique interests will better serve your industry than a one-size-fits-all annual blow-out.
  4. Give your members research they can use. Commission a high-profile industry research company to compile a report on where the industry is headed and what they can do to get there in one piece. Then make the presentation of that report the highlight of your event.
  5. Let people talk to each other. One of the worst parts of an industry downtrend is the feeling that you’re going it alone. Your attendees need those networking events and roundtable discussions now more than ever.
  6. Ditch the motivational keynote speaker. Especially if they’re a hired gun who knows nothing about your business. Instead, recruit one of your highest-profile industry leaders, the CEO of one of your top companies, to talk honestly about the situation and provide some perspective.
  7. Don’t be afraid to cut expenses. Now is not the time for a golf tournament at a PGA course in Arizona or Florida. Even if your attendees can get their bosses to sign off on the expense, it won’t look good to their shareholders. Stick to the low-cost meeting alternatives and, if you can, give your members the steepest discounts you can.
  8. Turn the crisis into a positive. Your industry will survive, in one form or the other, and, if it perceives that you stuck with it through thick and thin, you’ll have their loyalty for life.

Michael Hart is a consultant and business writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com or 323-394-0902.

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2 Ways Event Organizers Can Outperform GDP

The recent CEIR Index report on 2016 exhibition industry report was…meh.

The overall tradeshow industry growth for the year was 1.2 percent, down from 2.3 percent the year before. Gross domestic product growth for 2016, on the other hand, was 1.6 percent. The most discouraging analysis of this indicates it has been more than a decade since the factors measured by the CEIR Index routinely outperformed GDP. Meanwhile, marketing channels that directly compete with events continue to enter the arena.

CEIR economists predict stronger growth for the CEIR Index this year (2.5 percent) and even stronger growth in 2019 (2.8 percent). Their explanation is that they anticipate tradeshows in the heavy equipment and raw materials sectors will pick up – although I’m not sure I understand why they would.

At some point, event organizers will have to understand they are on their own when it comes to competing with digital marketing channels and they must offer both buyers and sellers something different than in the past – and many organizers are catching on.

The first element, for attendees, is engagement. Face it – if you haven’t already – your show is no longer the one place in the world where the industry professionals you serve can get information they need to do their jobs or news about new products. That’s what the Internet is for.

What the Internet cannot offer them is the ability to engage with each other in a meaningful way. The first time several years ago I saw a B-to-B event create a time slot for roundtables where attendees could sit down wherever they want and talk to each other, it sounded like a waste of time in a valuable event schedule. Who would just sit down and talk to a stranger?

And yet today you would be hard-pressed to find an organizer who’s thinking about the future of their show who doesn’t include a space for these roundtable discussions in their event.

The second element, for exhibitors, is more data on who is coming to your event. With enhanced data analytics, choosing a marketing channel to communicate with potential buyers is increasingly being commoditized. Marketers have the means to use numbers to find the most effective way to reach the people they want to communicate with.

So, do your part. Give them the attendee information you have; collect more of it if you need to; and make sure exhibitors and sponsors understand they can count on you to deliver to them the leads they want.

Michael Hart is a business consultant and writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com.

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Abandon the ‘Old Think’ in Attendee Marketing

In his CEIR blog post earlier this week, “At Last Penny-Pitching Catches Up With Association Organizers,” Bob James notes that event marketers on the for-profit side of the industry seem to know a few tricks their peers on the association side have not caught on to yet.

You can look at Bob’s post yourself for specifics, but he attributes the fact that the typical association has unique problems with event attendance to “old think” beliefs about why people go to the trouble of traveling to a show or conference: The associations are still counting on member loyalty.

Association members are true believers, they think, who wouldn’t dare miss their industry’s most important event of the year.

We live in an era in which consumers not only can scan a website to get the best price on just about anything, they can choose from multiple websites to do their scanning!

Value and convenience trump loyalty, and you deny that fact at your own peril.

You must make the case every single year that your event is the one place that a person can go to:

  • Get the information they need to improve their bottom line or boost their career – right now.
  • Learn about the newest products and services that will make the difference to their company.
  • Meet the people that will be their future partners.

I have said this before, but it bears repeating: If, at the conclusion of an event, an attendee can say, “I did not meet one person I didn’t already know or learn anything I hadn’t heard before,” they’re not coming back.

Michael Hart is a business consultant and writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com or @michaelgenehart.

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Did You Extend Your Early-Bird Deadline Again?

Putting aside for a moment the symbolism associated with growth in the CEIR Index finally coming to an end after 25 quarters (all good things must pass), the fourth-quarter numbers for tradeshow performance indicate some of the phenomena I have seen with event organizers truly do represent a trend.
Here’s hoping it’s only a blip.
Certainly, over recent years we have all seen exhibitors signing up and attendees registering for events later and later.
It is a serious, sometimes frightening, problem that, I find, is not getting better. Either traditional early-bird programs no longer work, or potential exhibitors and attendees have learned that we will extend them or find some other way to give them discounts when they finally do sign on.
The evidence that this is more than just a here-and-there phenomenon is illustrated by the over-all decline in number of exhibitors (down 0.8 percent) and attendees (0.6 percent) in the fourth quarter of last year.
The reason this matters is also demonstrated in another number in the CEIR fourth-quarter index: a 1.8-percent decline in revenue. Cash flow is becoming an issue as event organizers work their way through event cycles as they always have (with bills coming due at the same time they always did) while the money to pay them comes in later and later.
The fact that net square footage was up in the fourth quarter (1.3 percent) could be because, in the face of exhibitors signing up later, organizers are giving them breaks in the form of additional space on the floor.
It is true that the economy seems to have solidified since the beginning of the year. While some of us remain suspicious about any “Trump bump” explanation to the rise of the stock market, other more substantial measures – GDP, low unemployment, steady inflation rates – indicate the economy is on firmer ground than it has been in 10 years.
If the 2017 first-quarter CEIR Index turns around, we’ll know that’s the case.
If it doesn’t, we must accept that giving away space on the showfloor and extending early-bird deadlines are not going to be enough to salvage our upcoming events. A more thoughtful remedy will be required for a deeper dilemma.
Michael Hart is a business consultant and writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com.

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Emerald Expositions’ decision to move the Outdoor Retailer events out of Salt Lake City, accompanied almost simultaneously by a similar decision by the organizers of the North American Handmade Bicycle Show, because of the Utah state governor’s environmental politics seems a bit too convenient.

It reminds me of the commercials earlier this week during the Academy Awards by companies like Revlon, General Motors and Cadillac trying to suggest they share the same social justice values as their customers, when the fact is they are trying their best to sell their products.

The reality is that Outdoor Retailer’s organizers have wanted to move out of the Salt Palace Convention Center to a city with a venue large enough to accommodate a fast-growing show for 20 years. It’s been hampered by the fact that Outdoor Retailer’s attendees and exhibitors simply like Salt Lake and Utah. The convention center and local authorities called its bluff about 10 years ago with a venue expansion, primarily to accommodate Outdoor Retailer.

The expansion, a decade along, still isn’t enough to accommodate the show. Good for Emerald Expositions! It’s built a successful event. But its motives in justifying a move out of Salt Lake are a little transparent.

The company made it clear not long ago it was looking at other cities for the show, even before it announced that Gov. Gary Herbert’s efforts to limit federal protection of the Bears Ear National Monument (please tell me you’ve heard of it) was their line in the sand.

The draconian measures being taken by the Trump administration that are contrary to the values many of us share are bad enough.  Now companies are taking advantage of the 1984-like atmosphere we are in to justify business decisions they know will be unpopular with their customers.

Michael Hart is a business consultant and writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com.

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Is Your Show Transactional or Transformational?

In a recent CEIR Blog post, Robert Hughes noted that, after interviewing hundreds of exhibitors, he found that more than 90 percent of them thought the general contractor owned the tradeshow they were exhibiting in.

What is wrong with this picture?

The evidence for this revelation is clear: The biggest check an exhibitor writes is to the general contractor, not the show manager. The general contractors often represent the only human beings exhibitors meet, the ones they know to go to if they have problems.

Apparently, most exhibitors only talk to show management when they’re booking their space – and who among us has not made preselling the next year’s show our top onsite goal?

This may be efficient on the part of the show manager, but it’s no way to grow an event. It’s no way to worm your way into the heart of a community, which is exactly what events must do in the future if they are going to remain competitive with digital marketing vehicles.

The successful relationship between a show manager and an exhibitor (or an attendee, for that matter) cannot be transactional. It cannot simply be the exchange of something perceived to be of value, money in exchange for a booth in the exhibit hall.

A successful relationship between an event and its participants must be transformational. It must be more than the hackneyed “place where buyers meet sellers.” A transformational event is one that puts itself at the center of an industry’s community, the place where that community comes together from time to time to meet itself.

You certainly don’t want participants calling it the “contractor’s show,” or even the “show manager’s show.”

You want them to say, “This is our show.”

Michael Hart is a business consultant and writer who focuses on the events industry. He can be reached at michaelhart@michaelgenehart.com.

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