Wednesday, June 5, 2013

Event Management Companies: How Various Pricing Models Can Impact and Enhance Your Business


If you're considering entering the realm of marketing convention and industry events, you probably already recognize that partnering with event management companies is a must. Front-running event management companies will work with you throughout the entire convention process; from exhibit design concepts through function execution and beyond, event management companies deliver focused marketing campaigns that can help you break away from the competitive pack, broaden the reach of your company's brand identity and extend your current consumer demographic pool.

Reputable Event Management Companies Should Offer Customized Service Plans

While there's no question that event management companies deliver an extensive range of features and benefits, many entrepreneurs considering breaking into the convention arena may still feel reluctant to use them. What's one of the most common reasons for not partnering with a professional firm? Anticipated costs. All too often, business owners assume that pairing with event management companies will incur exorbitant expenses that will outweigh the benefits or stretch their existing budgets too thin. However, this simply is not the case. Finding professional and reputable event management companies to partner with can quickly prove that these industry leaders offer customized service plans to ensure every client's needs and budget requirements are considered and met.

Different Pricing Options To Consider For Your Business

If you're currently considering using event management companies to help expand your promotional reach and reinforce your existing brand image, read on. Understanding various, customizable pricing options that qualified providers offer can help ensure you partner with the right vendor and make an informed decision for your organization. Various pricing models should include:

Rental Options: Renting gear and equipment often costs a fraction of purchasing the stand and accessories outright and can prove an ideal solution for organizations that are making an initial foray into the convention arena or that only exhibit a few times a year. You'll enjoy an extensive list of customization options and features that will rival even the most elaborate booths without the commitment of having to purchase the exhibit outright.

Lease To Own: Want to get a better gauge on whether trade show exhibits make sense for your organization, but don't want to rent for individual events indefinitely? A lease to own program may provide the perfect strategy for your business. After multiple functions, a reputable partner will offer a negotiated purchase price to help ensure you optimize your business' overall savings.

Outright Purchase: Industry experts suggest that it is more cost effective for businesses participating in three or more conventions annually to purchase their exhibits. While purchased exhibits and displays will incur fees for shipping and freight, over time this expense is offset from not having to pay rental fees for every function.

Still not sure which pricing model will work best for you? That's okay - qualified firms will be able to guide you through this critical decision process. A veteran provider will help you work out your planned function schedule, strategize exhibit style and design needed, and create a pricing model specifically personalized for your organization's own distinctive needs.

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