Tradeshows and medical specialty have the potential to be the single most costly line item within a marketing departments budget. Having the ability to effectively communicate the value of your technology directly to a large number of individuals within your targeted market segment in a short space of time and in one location make these meetings ideal opportunities for interfacing with potential customers and obtaining leads. Significant time and effort is required prior to, during, and after the meeting to leverage the cost of this investment.
Advance planning, as much as 9 to 12 months before the meeting occurs, is the most important first step. If it is a scientific meeting, this includes the identification of abstract submission deadlines and working with your clinical group to submit data which supports your product messaging (these deadlines are often months in advance of the meeting) and making strategic decisions on which meetings you should exhibit at and the scope and scale of your involvement each meeting.
Its important to not limit your planning to booth associated activities (e.g. booth design, shipping, installation, materials) and staffing (e.g. who will attend, room reservations, booth schedule), but to also include other activities which can drive a successful show. This includes, but is not limited to:
- Development and distribution of pre-meeting communications to customers in order to drive booth traffic (e.g. pre-mailers, e-mail blasts, website content specific to the meeting).
- Planning and implementation of presentations by product champions during the meeting (e.g. satellite symposia, booth presentations, dinner meetings).
- Public relation-related initiatives in conjunction with the launch of a new product during the meeting or the presentation of new clinical data on your product(s).
- Development of multimedia content which can be leveraged during the tradeshow.
It is also important to focus on tradeshow follow up in order to leverage your investment in the meeting. This includes involving sale management in the development and execution of a plan for following up with leads obtained during the meeting and measuring lead conversions.
The Atticus Group can help you to realistically assess the potential benefits of exhibiting at a tradeshow and weigh these against projected costs. If you make a decision to exhibit, we have the experience to help manage all aspects associated with tradeshow planning from identify/designing your appropriate presence at the meeting to following through on the logistical requirements which need to be taken care of to insure your success.
Contact us to learn more about our experience and our capabilities.
What stage of product development are you at?
The mission of The Atticus Group is to partner with medical technology and molecular diagnostic companies to assist in the development of comprehensive strategic plans and tactical marketing solutions which drive revenue growth. Our specialty is working with companies who have novel medical technologies or diagnostic tests that are targeted towards the U.S. and select global markets. Our broad experience providing strategic insight and creative marketing solutions for innovative medical technology companies allows The Atticus Group to tailor our efforts to meet our customers needs.
Which of the below represents where you are at in the product life cycle? Click on the appropriate box to learn more about how The Atticus Group can help support your needs.
Is your product in the development stage?
Just getting started with an innovative new technology?
Whether you’ve got an initial prototype or are still in the design phase, The Atticus Group can help with sound advice for developing an initial business plan, defining the market for your device and helping you to address questions that may aid in your quest for future funding.
Are you preparing for product launch?
Ready to lay the groundwork for a successful product launch?
You’ve designed an innovative medical technology, confirmed its efficacy in clinical trials and are about to clear your last regulatory hurdles. You’re about to send your product out into the world – The Atticus Group can help you with pricing strategies, financial projections, development of economic messaging and more. Wherever you are in the process of commercializing your product, The Atticus Group can offer professional assistance with business development and creative marketing solutions that will help you make the most of your product’s strengths in today’s complex and crowded healthcare marketplace.
Is your product commercialized?
Need help gaining market adoption of your technology?
You’ve cleared all of the regulatory hurdles and have commercialized your technology – now you want to grow your business. The Atticus Group can help with tactical marketing solutions which can assist you in gaining a foothold in your targeted market segments and to drive product acceptance. Wherever you are in the process of commercializing your product, The Atticus Group can offer professional assistance that will help you make the most of your product’s strengths in today’s complex and crowded healthcare marketplace.