Friday, July 18, 2008

Uneasy Lies the Virtual Trade Show that Carries a Sponsorship

Why do sponsors align themselves with virtual trade shows? Let us see what we can infer from sponsors' approach in real-world events, and then see how it translates when it comes to the virtual trade shows.

I was talking to the tradeshow leadership at one of the nation's top manufacturers of outboard motors for the marine industry. The purpose of their participation in their industry's leading tradeshows was "to show how big we are, and to display our products". Lead-capture was not on their wish-list. I have heard this repeatedly from many sponsors - they show up as sponsors because historically they have been sponsors. To not be a sponsor after successive appearances at industry tradeshows is to risk creating the perception in the mind of the market, that all is not well in that particular year. Cutbacks sometimes begin with the advertising and promotions budget line-items. Sponsors, in a way, support the trade association or advocacy group that organizes these gatherings of industry-professionals, in return for visibility. Such support does serve an important purpose for the growth of an industry. However, from the sponsor's perspective, there is no need for creativity, no need for aggressive tactics to steer foot-traffic towards their booths on the show floor, and no need for too much marketing effort. Their brand does the talking for them. When visitors show up at their booth, they are often ignored by the booth staffers unless it is someone they already know personally, and it is generally a relaxed setting for the staffers. Visitors may come by their booth, pick up corporate giveaways and leave.

How does such a sponsor's commitment translate in a virtual trade show environment, and how does that affect the quality of the virtual trade show?

When a sponsor's logo is proudly displayed on a virtual trade show, it is often used by the event organizer to sell more virtual booth space. It also invariably helps in drawing a qualified online attendance. The hope for the other exhibitors is that the online traffic thus drawn will also stop by their own virtual booths. The expectation of the virtual attendees is to be able to interact instantly with someone knowledgeable at any virtual booth that they visit online. When the online attendees stop by at a sponsor's virtual booth the expectation is to at least be able to instantly connect online with a representative who can point them in the right direction.

I attend quite a few virtual tradeshows because there is always something new to learn in them. At a technology-related virtual trade show, I visited a sponsor's booth and asked to chat with a representative regarding a product on display. The booth staffer appeared online after a long wait, in a chat session that froze up my screen often, and to top it off this booth staffer seemed not just disinterested, but also uninformed about the product.

If organizations want to be sponsors at a virtual trade show, but do not want to work their virtual booth, then
  • it is perfectly okay for them to decline to have live booth chat operators or booth staffers via their virtual booths, instead sticking with providing for relevant and current information made available to the online attendees, or
  • perhaps they should consider opting for means of visiblity other than the virtual booth. If all they want in return for a sponsorship is the visiblity and the branding, then they perhaps stand to gain more by announcing an award to every 1,000th attendee who logs in live during the virtual fair. Or they could simply do nothing - just have their branding prominently placed at vantage points on the virtual trade show.
Having a virtual booth means a tacit promise by the booth-owners that they will actively participate in the virtual trade show's success by being a part of the live interaction. Unfortunately, in a virtual trade show, if there isn't sufficient many-to-many interaction, it could lose its momentum. Virtual trade shows and other forms of virtual fairs survive and thrive solely on the quality and the frequency of live interaction.