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The Show Must Go On. Are You Sure?

Ken Dec

Technology marketers have historically spent a lot of their budget on events – without really knowing if they’re a productive sales and marketing activity.

It needn’t be that way. By developing an event measurement strategy and plan, technology marketers can better understand event ROI and make an informed decision on which events are profitable and which are not.

Our measurement approach collects data and analyzes event performance across three dimensions:

  • Perception Metrics - focus on the range of functional, emotional and latent connections that combine to form an opinion of your brand resulting from the event.
  • Performance Metrics - help to assess how the various brand building and demand generation activities of the event have combined to drive overall business results.
  • Financial Metrics - represent the economic impact on the business of the event investment.

We then develop a turnkey measurement program plan aimed at guiding continuous improvement of events. This includes:

  • Content - which content were attendees most interested in and why?
  • Campaigns - what communications efforts aimed at driving qualified traffic and mining that traffic worked and what didn’t?
  • Commerce - how many qualified opportunities that resulted in measurable economic value resulted from the event investment?

We can measure these by individual event and in total. The following is our recommended set of metrics for optimizing the performance of your event investments:

PERCEPTION METRICS

Did the event:

  • Increase recognition of the company name and brand?
  • Better position the company as the leader in IT and owner of its “space”?
  • Increase awareness of the business units that comprise the company?
  • Establish a position as a Thought Leader?
  • Deliver content rich agenda that causes a customer to take next step?
  • Become recognized externally as an annual “must attend” for a comprehensive understanding of the brand?
  • Contribute to attendee’s better understanding the attributes of the brand’s leadership?

PERFORMANCE METRICS

Did the event:

  • Drive repeat attendees and future referrals?
  • Enhance the level of partner participation in content delivery (based on sponsorships)?
  • Drive better attendee participation?
  • Deliver content attractive to our targets?
  • Can we increase the number of partners exhibiting and can we charge more?
  • Drive more promotion responses, registrations, attendance, referrals, qualified leads, partner participation?

FINANCIAL METRICS

Did we improve?

  • Cost-per-registrant
  • Cost-per-attendee
  • Cost-per-inquiry
  • Cost-per-qualified lead generated
  • Direct revenue generation
  • Indirect revenue generation

With post-event analysis of all of these metrics technology marketers can vastly improve their decision-making regarding event participation and investment.

To learn more about how we build event measurement plans give us a call, or email me at ken@partnersandsimons.com.

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