Clients often ask us if they should buy or rent their exhibition gear – for many, it can be a big investment and a tricky conversation to have with the company accountant! Exhibition stands can be one of the largest chunks of marketing spend, but unlike mass-market advertising, your audience is far more likely to make a purchase (88% of all visitors to any event are personally involved in buying the products or services on offer). Arguably then, your exhibition stand can provide the best ROI of any form of marketing.
Your ‘rent or buy’ decision really comes down to how often you think you’re going to use the gear once you have it. Renting is a great option if you’re only going to use the gear once and you’re dipping your toe very gently into the world of exhibitions. Generally, we find that renting is about a 1/3 of the buy price, so if you’re going to use the gear more than 3 times, it's going to be the expensive option! If you’re serious about exhibiting and think you will be attending more than one show a year for 2-3 years, plus have other uses for certain items, then the value you’ll get from purchasing far outweighs the price.
The exhibition stand solutions we create for our clients tend to consist of a number of modular, component parts. Each component can be used separately or as part of the overall solution. This means it can be used in many different scenarios. Right now you might be only thinking about that big exhibition, but what about when you want to brand a small room for a sales conference, or have been invited to sponsor an event and want to make sure you have some good company branding? Then you’ll be glad you bought that kit and have it on stand-by in storage.
Your stand solution could comprise of a wall, a branded table, and some pull-up banners. Together they create an entire stand, but separately they can create a sampling table in-store, a pull-up banner in your reception area and another for that sales conference. Suddenly your initial investment delivers real value when compared with several rental costs.
Less is More
In the old days, exhibition gear took up a lot of space and was hard to store. Companies didn’t want the hassle, so they rented! These days the gear is completely different. It all folds down to almost nothing. Displays tend to be fabric and the sub-structures comprised of lightweight aluminium. They’re washable too so it’s easy to keep them looking brand new.
By purchasing a complete solution you can be sure you’re getting what you want, and what you need. Surely this is better than simply getting what is available at the time of your need? When you’re budgeting for an exhibition, consider the Rule of Thirds – a third on space, a third on build and a third on marketing, planning, hotels, staff costs etc.
Don't look Tired
In our experience rental gear can often look a bit tired – it’s sent out week after week, getting bashed about, dirty and scratched. Is this how you want your brand to be seen? If cost is an issue, then talk to your display company about what you want and the budget you have – it’s a waste of everyone’s time if they try to sell you a Maserati when you’re only in the market for a Mini.
Let’s think about that company accountant again for a minute! Consider splitting out the various elements of your stand across various budgets – perhaps all the hardware can be purchased as a CAPEX expense, whilst the graphics sit under a marketing budget. And perhaps the stand staffing costs and lead follow up could be financed from sales, for instance.
By purchasing your stand we can help you stand out from the crowd – we can create a complete solution that includes bespoke elements that sit perfectly with other off-the-shelf items. You’ll know that your stand is a one-off – is unique, just like your brand and offers your audience a more unique experience.