Are you searching for a fresh way to drive customers through the purchasing funnel? Experiential marketing may be the key to turning more consumers into paying customers at your company.
Experiential marketing is among the most impactful forms of marketing, as its focus is on forming emotional bonds with customers. The right experiential marketing event can add value to your brand and deliver an excellent ROI per your KPI measurement results.
Here’s a look at how experiential marketing can boost your sales and how investment company AUCTUS can further help you in this area.
Experiential Marketing: What Is It?
Experiential marketing is a unique marketing strategy centered on helping potential customers to experience your brand in person. It is also called engagement marketing.
The goal of this type of marketing is to immerse customers into your product. In this way, they can form emotional, memorable connections with you. This can increase customer loyalty and your bottom line.
Experiential Marketing Event Examples
One of the top types of experiential marketing is a trade show. At trade shows, you can set up tables or booths to showcase your products. You can also engage consumers with product demos, games, and entertainment.
Other events that your business can capitalize on include site tours, workshops, and classes. You can also incorporate conference and festival appearances into your experiential marketing strategy.
Other popular experiential activities also include handing out samples or flyers to big groups. These groups may be at transit stations, shops, or parks, for example.
KPI Measurement Tips for Determining Your Experiential Marketing Event ROI
Are you wondering how to measure the ROI of a future engagement marketing campaign? You’ll want to pay attention to a couple of KPIs: awareness and affinity.
Specifically, you’ll want to find out if more customers become aware of your products. Also, how likely are they to buy it moving forward?
You can determine the answers to the questions by counting how many people attend your booth on a given day. This is your booth traffic.
Also, calculate how much time they spend there. This is the dwell time.
A post-event or onsite survey can also help you to analyze your event’s performance. This can give you insights into where your leads came from. It may also tell you what caused a lead to end up converting into a customer.
How We Can Add Value to Your Company at Investment Company Auctus
Experiential marketing can be an effective way to engage customers and, in turn, increase your sales. Through proper KPI measurement, you’ll soon discover the immense ROI that this type of marketing can provide for your firm.
At investment company AUCTUS, we can further add value to your business by helping you to analyze your market potential. We can then develop a market entry strategy.
Contact us to learn more about our services, and let’s work together to boost your revenue today!