Monday, July 7, 2008

Seven other (controllable) factors that impede the runaway success of virtual trade shows - Part 2 of my analysis

In a continuation of my analysis of why virtual trade shows have failed to realize their immense potential, here are seven controllable factors. On why I truly believe in the tremendous untapped potential of virtual events, I will save for another discussion. For now, I just want to address all the issues that are kind of stifling the promise of virtual trade shows.

  1. The process of launching a virtual trade show often gets disjointed. Virtual trade shows can certainly be delivered in a very turnkey fashion, with every step of the process flowing through seamlessly, with no strain or extra effort by the event sponsors. We have a process that moves like an automobile assembly line. The challenge is when that process is interrupted to accomodate the specific needs of event organizers or sponsors. Every organizer or brand worth its salt will choose to assume ownership of at least some parts of the experience. Take the simple example of contacting potential exhibitors. Organizers often like to have that extra touch-point with their customers and sponsors. I don't blame them. If you have spent years building a customer base, you need to be very sure before you allow a third-party vendor's call center to start dialing your customer list on your behalf. There are ways around it, which I will save for a later post.
  2. "Are you adding to my list of things-to-do?" is the first thought that crosses the minds of the operational team at the client's side. This is one of the biggest hurdles for virtual trade shows to go mainstream. The more automated the entire process becomes, the lesser the hassles.
  3. Divided attention. When run simultaneously with an in-person trade show, the virtual trade show initiative does not get sufficient care and feed. "Do I focus on my in-person trade show, or should I bother about this new untested thing that my management wants to put on my already full plate". Unless an event organizer is committed to its success, a virtual trade show will not really get off the ground. Without such a commitment, it is natural for a team to play it safe and focus on what has worked well before, rather than divide one's attention and have niether do well.
  4. Stuck at the initial wow. Social networks display a dynamic list of recent activities by members. It gives us a sense of how busy the network really is. When we do virtual trade shows, participants often ask us, "So what really goes on? Do I constantly see things happening on my screen? Do we get to see people approaching us? Do I get to 'fly like Superman' into a convention center and watch the speaker, raise my virtual hand, and ask a question? Almost, and subject to ideal conditions. What can be shown on a demo or a nicely edited promotional animated clip can be dramatically different from the actual experience at a virtual trade show. Which is why some kind of self-regulating mechanism is required among virtual trade show creators to not over-promise in a demo. The real experience is rarely like a video game virtual reality, and even if it could be, there are several variables beyond anybody's control right from the point a trade show is served via the Internet to the point where it is received and experienced, that the nascent industry is putting its virtual foot in its virtual mouth by overpromising in demos and under-delivering online.
  5. Absence of simplicity. The virtual events industry, if one may call it so, has failed consistently to simplify its messaging. I am myself guilty of needlessly spewing out jargon. In essense a virtual trade show is just a gathering of people and businesses that would be happy to get in touch with one another at the same time via the Internet, no matter where they are located. How this experience is best manifested does not matter. Its outcome could be several online connections made between real people, an in-person encounter or it could even be a flash mob. For a virtual trade show or a virtual event to become mainstream, it has to make its message simple and crisp. Business professionals that I talk to believe that it is a really 'cool' thing to have along with all other marketing initatives. It is only a matter of time before event organizers will heed these rumblings and catch the wave as it hits their industry.
  6. Absence of follow-through. In a real-world trade show, once the crates are shipped and people leave the convention center, nobody documents or traces the results of connections made on the show floor. Strangely, virtual trade shows are held so far apart from one another that virtual trade show organizers have not gone the extra mile to help users build some loyalty to their brand and make them want to come back and talk about how fruitful the connections really were. Even though it is easier to accomplish such follow-through in a virtual trade show as compared to the conventional kind.
  7. Not keeping it real. A virtual trade show is still a relatively unknown concept. Participants do not often know one another (that is the whole point of coming together). In such a situation, it is up to the virtual trade show producer to keep a constant line of communication with all parties concerned, so that there is a realization that real humans are running it, and that there is a team that cares about the outcome. When we expect users to spare time and money to be at a virtual trade show, the least we can do is be instantly accessible to answer any questions. Keeping it real is important to keep it virtual.

More to come in my next post.