Drive Revenue from Customer Events - B2B Marketing and Sales Tip #128
In a previous life when I was VP of Marketing at a high tech software company we had thousands of customers with huge upsell and cross selling opportunities. Since many of these customers were long time customers we decided a live event would not only give us the opportunity to update them on our additional products and services but would also allow us some face time for further relationship building. Our overall goal for the event was to drive more revenue from our current customer base. As we were brainstorming on the event details we wanted to be sure we had a 3-D view on everything we did. We wanted to be sure we were educating our customers, building customer loyalty and get a better understanding how we were going to continue to monetize these relationships. I’ve included a few tips below for each of these components.
Education –
- Make sure your agenda for the event is not biased towards your company and what your company has going on, but instead show interest to solving THEIR business problems and what really impacts them.
- Think about what you want them to take back from this event?
- Consider bringing in industry leaders or analysts to speak on their experiences in the marketplace
- give away an educational book or take home information they could share with others
- Add a panel of happy customers to discuss their experiences and results from working with you
Loyalty –
- Make each customer feel like they are your #1 customer
- Treat them to a nice venue, easy transportation and great food to start.
- Most importantly, make your customers feel they are part of the inner circle and by being at the event they are privy to information others aren’t. For example, show an exclusive demo of new or upcoming product releases.
Monetize –
- Hold your sales team responsible to have the right customers at the event. Ones who bring the most money, ones who have problems, ones that would benefit the most from being there.
- While at the event, set up customer face-to-face meetings with key executives. I had a spreadsheet with everyone I was meeting and knew their problems going into the conversation so I could bring the solutions. This was key.
Even though the event ended on a high note, we would have to wait another year for this type of customer interaction. Today, we wouldn’t have to wait another year to catch up with our customers. Companies like BD Metrics have already started to tackle this obstacle. BD Metrics’ You-Based™ personalization technology for leading tradeshows and associations to help make sure once people leave an event, all is not forgotten. I’m sure there are others out there also helping extend the momentum of live events. What have you seen or used? How are you staying in touch with your customers 365 days a year?
Here’s another continuing customer event idea for you to ponder… ideas
One Response to “Drive Revenue from Customer Events - B2B Marketing and Sales Tip #128”
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December 4th, 2008 at 3:03 am
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Regards
Quaratuain