The key focuses of every startup should be promoting brand awareness, developing their products and services, and attracting the attention of potential investors and business partners. Fortunately, achieving those goals isn’t nearly as difficult as it used to be, with internet forums, crowdfunding platforms, social networks, and conference events providing ideal venues and growth opportunities in all industries. With that said, below we’ll look at four reasons why every startup should be making an effort to attend and participate at industry conferences:
1. Networking with Power Players
Industry events give you the chance to market your business to individuals and companies that have enough leverage and funds to take a startup from zero to hero in a single fiscal quarter. If your company’s products/services appear to be worthwhile to one of these power players, you might find that attending the conference turns out to be an absolute game changer. The attendees of these conferences are valuable contacts that can assist with everything from marketing and promotion to manufacturing and funding.
2. Showcasing to Improve Brand Recognition
In addition to networking with other industry insiders, conferences give you the chance to further showcase your company’s offerings to members of the media, who could then turn your showcase into a news article or press release that builds brand awareness and authority. There’s also the opportunity to partner with attending media companies to significantly improve your advertising outreach.
3. Getting a Peak at the Competition
Industry conferences are great places to get a sneak peek at what the competition is working on and how they’re approaching problems that may be similar to the challenges faced by your startup. Attending industry events is one of the best ways to get an over-arching view of what is going on in the entire industry, what consumers want, what other companies are working on, and how the best of the best are continuing their success. In the UK, one of the best ways to find suitable industry conferences is to use Venue Search London to search for more information on the commonly used venues for such events.
4. More Input for Brainstorming
Developing marketing strategies and product improvements without external input is a lot like trying to talk to someone from the inside of a vacuum-sealed room – you’re not going to get very far. Industry events give you all the materials needed to brainstorm ways to meet consumer demands and make your start-up’s offerings more appealing to the masses as well as inside investors and suppliers. Some startups even set up brainstorming stands where they welcome input from event attendees, members of the press, and consumers.
Keep in mind that all conferences and industry events are not created equal. The venue you choose is vital so pay special attention to its location key speakers. Some can provide incredible opportunities, while others might not be worth the cost of setting up a stand. Thus, it is imperative that you devote your start-up’s resources to researching and preparing for only the most authoritative and worthwhile industry conferences.