Budget 101The Ballpark Budget – struggling on both sides
Posted by admin
on Thu 17 of June, 2010 15:57 PDT
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This has become the name of the game. We suggest having the exhibit house send you pictures, NOT renderings, but pictures of exhibits that have been built and taken to a show with a budget. In that way the compromising starts before the designing and everyone is on the same page. Exhibitors need to be upfront – does their $35,000 budget need to include show services such as electrical, rigging and drayage? Exhibit houses need to clearly define what is included, especially on the I&D side. When you meet the $35,000 budget and then you send a post show bill for $8,000 – well, you really did not meet the budget. Trust is really the issue here – get the exhibit house references and then check them. And once again – ask for pictures from the show floor – renderings are great – but did they get built? Stretching your Budget – order early
Posted by admin
on Thu 17 of June, 2010 15:57 PDT
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Why pay last minute rush fees? In virtually every case this is not necessary and leads to a bleeding budget. The trade show floor is hectic enough with last minute sale meetings, logo changes, early meet and greets for prime clients – take this other nonsense away and put away your credit card. Budgeting - Cutting Warehousing Costs
Posted by admin
on Thu 17 of June, 2010 15:56 PDT
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Why not sell it? There is a growing market for used exhibits - plenty of up-and-coming exhibitors want the look without the price. You’ll bring in some revenue as well as get rid of those nasty storage fees. To make the selling process easier for you as well as your prospective buyer, keep the following guidelines handy when prepping your exhibit for the market: • Papers, papers, papers - Proper documentation is the key to selling an exhibit. Pull together all records you have for the exhibit and its operation. Include: blueprints and set-up drawings; inventory and crate packing lists; I&D and service bills; and especially photos. • Selling parts - If you can sell 85% of your booth in one shot – do it. However think through the idea of selling certain parts – selling the centerpiece by itself may leave you with items that you can never sell. • Repairs – Buyers should know that they are buying “as is.” Cosmetic changes do not increase the value of your exhibit. And, forget selling the sliced and diced carpet – it has no value. • Pricing – this is a real guessing game and negotiating is the rule. This sale is definitely not a profit center – set a price and be prepared to bargain. Remember the buyer has to make alterations, add new logos, buy new fixtures and carpet – so think 30% of the original cost as a starting point and be prepared to go down from there.
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