If you’ve ever attended events in the past, you may not have thought much about them besides getting the most of it and having a great time - but behind every event is much time and effort put into planning and organising for a much greater purpose.
The reason why businesses are often willing to invest a relatively significant chunk of time, effort and marketing budget into organising events is because when done effectively, it can be a very impactful marketing channel.
Below, we share 5 reasons why businesses should incorporate events into their marketing strategy!
1. Build Relationships
Whether you’re hosting a networking event, participating in a tech show or speaking on a panel, events offer a chance for you to interact and engage with prospects and customers on a much more personal level. Direct interaction is the most powerful way to foster meaningful and longer-lasting relationships, so when done well, events tend to be highly effective for encouraging loyalty in the people your business interacts with.
2. Branding and Awareness
Before hosting an event, you’re able to specifically decide what kind of event would work best based on who your customers are. In doing this, you’re able to gain access to a much more targeted and qualified audience, while also showing off your brand’s personality.
By planning and executing a memorable experience for your target audience and attendees, your brand is also more likely to become top of the mind when they’re looking to purchase your product or service in the future. As a result of this, events are a great way to build awareness for your brand.
3. An Opportunity to Create Hype
Research shows that 92% of people trust recommendations from friends and family over any other type of advertising. The power of word-of-mouth marketing has even proven itself remarkable in its effectiveness in conversion.
By organising events that immerse attendees in a unique, valuable and memorable experience, you’re creating opportunities to get people talking about and referring others to your future events, products, and services.
4. Lead Generation
When you market your events and people register to attend, they have already shown interest in the product or service that you’re offering. In some cases, some of them are in the process of making a purchasing decision. Because of this, the right event allows you the opportunity to interact with a group of prospects that are already interested in who you are and what you provide.
During the event planning process, in order to maximize your returns, you should plan for ways to follow up with attendees post-event using the captured qualified leads’ information.
As mentioned above, those who choose to attend specific events have already expressed their interest in the product or service that it's relevant to. Businesses can use this to their advantage and upsell during the event by introducing their products and services that attendees don’t already know about, or may not realise could address their needs.
Are you a startup entrepreneur, freelancer, or corporate company looking for support to grow your business?
Found8 enables you to grow your business by connecting you to wide-ranging expert advice and best practices from the Google network, and introducing startups to VCs.