Went to the Phoenix Rock n Roll marathon sports expo today. Pre-covid it was a great expo - all the shoe companies, talks by well known runners like Frank Shorter, lots of free and cheap stuff, many clothing companies, drinks, sports bars, Road runner Sports and their returned shoes, etc. This year - a huge space for the official sponsor Lululemon, no shoes, one sports bar company, a few drink companies, one clothing company, a bunch of tourism exhibitors, and lots of exhibitors with stuff for women (my wife got a free hairstyle and bought a curling iron). I guess the good old days of sports expos are over - a victim of online shopping. I suspect this is yet another ripple effect of the pandemic - although, I had noticed a bit of a decline generally in Expos at running, cycling and triathlon races/events before the pandemic.
The Why of this?
- Costs for EVERYTHING is up
- While many running, cycling and triathlon races/events had the feel of being back to normal this year, away from the marquee one, entry numbers were down often substantially, but on average by about 15%
- Staffing levels - particularly for vendors at expos are challenging. For local retailers this has always been a tough call. Do you pull your key people out of the store on Friday and Saturday - two key days in the week to work at your booth at the Expo? What are the gains here? For larger Brands - see point number one. Travel costs are up! Also there have been cut backs in staff at larger level brands. Specialized just let go 8% of their staff this week!!
- As ever with larger Brands - marketing now is multi-channel. Expos USED to be great for Customer Lead generation, but these leads as noted by point number one are now coming at a MUCH higher cost via an Expo. There are other ways of generating Customer leads and contacts, for less $
- Many Race Organizers, who are REALLY good at Organizing a Race, may not be so great at Organizing an Expo - the needs and the demands here are different. Also, many just sell the booth space, then do nothing to generate more crowds or crowd retention - Like having a Speakers Stage, with marquee Presenters and Speakers. Pro Tip - ALWAYS have someone talking about Sports Nutrition. At the Speaker Events that I Emcee at, at Expos, whenever there is a Presenter/Speaker talking about Sports Nutrition - it often draws the biggest crowd, and the most number of questions!
Steve Fleck @stevefleck | Blog