In our article on the exhibitor benefits of SMART objectives, we discovered that simply trying to sell as much as possible won’t work well as your company’s sole exhibition objective. Sure, you’ll make some sales, but you’ll find yourself lost in all the data and blissfully unaware of what went right or wrong.
Now that you’re more familiar with the concept of SMART sales goals, let’s take a look at some specific examples of these you can use to help you succeed in the US events industry. From generating leads like a pro to increasing brand awareness, expect relevant goals for your business and the B2B trade show environment. Sales managers, sales reps, and event planners, you won’t want to miss these SMART sales objectives examples!
Top 10 Sales Objectives Examples For Exhibitors
Here is our top ten list of sales objectives examples for B2B trade show exhibitors:
- Generate qualified leads
- Secure on-site meetings
- Close new deals
- Increase brand awareness
- Enhance lead conversion rate
- Collect customer insights/feedback
- Launch a new product or service
- Expand into a new market
- Increase social media engagement
- Improve post-show follow-up effectiveness
Remember to check out our exhibitor’s objective setting template for an easy way to set SMART sales goals for your trade show.
1. Generate Qualified Leads
Generating qualified leads is one of the most common and effective goals exhibitors set for their trade shows. Lead qualification is an important part of this, and refers to the process a sales team uses to decide which sales prospects are more likely to make a purchase in the future.
Once you’ve identified these potential customers, you can start forming a relationship with them and walking them through your sales funnel.
Here’s how to make it a SMART objective:
- Specific: We’ll collect contact details from potential decision-makers.
- Measurable: We’ll capture at least 100 qualified leads during the event.
- Achievable: We’ll assign dedicated staff just for lead qualification.
- Relevant: We’ll focus on high-value prospects matching our ideal customer profile for better results.
- Time-bound: We’ll achieve this within the 3-day duration of the trade show.
2. Secure On-Site Meetings
Exhibition events are more than just a place to market new products. Your custom exhibition stand can facilitate networking and business discussion with new customers and other industry leaders. Meetings offer you many knock-on effects; who you choose to meet with can contribute significantly to your brand awareness, sales, and company image.
Here’s how to make it a SMART objective:
- Specific: We’ll schedule in-depth discussions with our key prospects only.
- Measurable: We’ll book 20 face-to-face meetings.
- Achievable: We can employ a pre-show email campaign to encourage bookings.
- Relevant: We’ll target industry professionals with buying authority for better results.
- Time-bound: We’ll complete all our meetings by the last day of the show.
3. Close New Deals
Sales can be a part of your trade show success, but it needs to be done properly. Besides knowing your audience and revenue targets, you should also be familiar with your sales pipeline for maximum returns.
Remember that closing new deals can be easier when dealing with existing customers or customers you’ve worked with before, due to a lower customer acquisition cost.
Here’s how to make it a SMART objective:
- Specific: We’ll convert trade show interactions into immediate sales.
- Measurable: We’ll close at least 5 new contracts.
- Achievable: We’re in a position to offer exclusive trade show discounts to sweeten the deal.
- Relevant: We’ll target only B2B clients with high purchase intent for better results.
- Time-bound: We’ll follow up within 30 daysof the event.
4. Increase Brand Awareness
Ultimately, your sales performance won’t be awe-inspiring if people don’t know who you are, no matter how interesting your product or service may be. To achieve success with higher sales targets in the long run, you’ll need to start by getting your name out there.
Social media is an important asset when trying to achieve this objective.
Here’s how to make it a SMART objective:
- Specific: We will increase brand visibility by 60% among trade show attendees.
- Measurable: We will achieve at least 500 booth visits and 1,000 social media engagements.
- Achievable: We shall target industry-specific engagement averages for this event.
- Relevant: Enhanced brand recognition among industry decision-makers will help our sales.
- Time-bound: We will achieve our engagement targets just before the show ends.
5. Enhance Lead Conversion Rate
Simply put, lead conversion rate refers to the percentage of visitors you end up converting into leads and customers as part of your sales funnel. You can use the following formula to work this out easily:
Lead conversion rate = (Number of leads / Total number of visitors) x 100%
Improving your lead conversion rate might not always be advisable or even realistic, depending on the circumstances. Sometimes you might end up with leads that are qualified but fewer in number, rather than many leads that aren’t qualified.
Here’s how to make it a SMART objective:
- Specific: We’ll double the percentage of leads converting into sales opportunities.
- Measurable: We aim to increase our lead conversion rate from 10% to 20%.
- Achievable: We’ve already trained staff on sales conversations and lead nurturing.
- Relevant: Any high-intent prospects will help us considerably.
- Time-bound: The increase should happen within three months.
6. Collect Customer Insights
Customer feedback is a critical component of any B2B business, giving you insights into the needs of your clients that you can use to improve your business going forward. There are a variety of tools and methods you can utilize to approach this, should you make it one of your sales objectives.
Here’s how to make it a SMART objective:
- Specific: We want to gather 25% more feedback on products, services, and industry trends.
- Measurable: We will conduct at least 50 structured interviews with attendees at our booth.
- Achievable: We successfully conducted 40 interviews at our last trade show event.
- Relevant: We can drastically improve product offerings based on insights.
- Time-bound: We will complete all our interviews in two days.
7. Launch a New Product or Service
B2B trade shows are the perfect springboard to launch your new product or service in front of industry leaders, helping you achieve your future sales revenue that much quicker. Turn this into one of your smart sales goals for improved results on exhibition day.
Here’s how to make it a SMART objective:
- Specific: We will introduce one new offering to the market only.
- Measurable: We will generate 200 new product demo sign-ups.
- Achievable: Our last new product launch demo also received 200 sign-ups.
- Relevant: We shall showcase our innovation to a highly targeted audience.
- Time-bound: We should achieve the goal within one day.
8. Expand into a New Market
By implementing SMART criteria, you can make your goal of expanding into a new market a reality at any industry exhibition. Being specific is an important part of this sales goal.
Here’s how to make it a SMART objective:
- Specific: We’ll identify and connect with 30 specific clients in a new industry.
- Measurable: We’ll acquire 30 qualified leads from the targeted sector.
- Achievable: Our competitors regularly target similar figures.
- Relevant: It will support our existing business expansion goals.
- Time-bound: We will secure leads within the trade show timeframe.
9. Increase Social Media Engagement
The physical space of a stunning trade show booth can even be used for growing your virtual presence online. It sounds counterintuitive but, with the help of some energetic staff and striking displays, you can really grow your online following.
Converting physical stand visitors to online followers has never been easier, though you should tailor your objectives to SMART criteria to adequately appreciate the result.
Here’s how to make it a SMART objective:
- Specific: We will boost our online presence during the trade show on LinkedIn.
- Measurable: We aim to gain 500 new LinkedIn followers and 5,000 post impressions.
- Achievable: We’ve developed event hashtags and invested in influencer collaborations to help achieve our targets.
- Relevant: A stronger online presence translates to more brand credibility in our industry.
- Time-bound: Achieve engagement targets within a few hours.
10. Improve Post-Show Follow-Up Effectiveness
One particularly important part of your sales process is how you navigate post-show follow-ups. Many exhibitors still neglect this activity, which is indispensable to the lead conversion cycle and your sales revenue.
Follow-ups also help you identify flaws in your exhibition planning, giving you the chance to set more realistic sales goals at future events.
Here’s how to make it a SMART objective:
- Specific: We’ll convert more trade show leads into long-term sales.
- Measurable: We’ll Follow up with 100% of qualified leads within 7 days.
- Achievable: We previously followed up within 14 days.
- Relevant: We have to maximize our trade show ROI.
- Time-bound: We’ll complete the follow-ups within one week post-event.
Putting Theory Into Practice With SMART Sales Objectives
Should you find yourself longing for greater trade show success and improved sales metrics, setting SMART sales goals is a powerful method of improving your exhibition performance over time. Soon, you’ll find yourself exceeding your sales targets and drawing more customers into your sales cycle.
Booth Exhibits™ prides itself on being your dedicated exhibition stand builder throughout the United Kingdom. We’d love to work with you at your next event, so give us a call today!
What are smart objectives in sales?
A SMART sales objective is a sales objective that is specific, measurable, achievable, relevant, and time-bound.
What is an example of a sales objective?
A sales objective can be something like “I want to increase my brand awareness to help future sales”.
What is an example of a SMART objective?
An example SMART objective would be “I want to sell 50 products by the end of today”.
What are smart objectives in sales?
A SMART sales objective is a sales objective that is specific, measurable, achievable, relevant, and time-bound.
What is an example of a sales objective?
A sales objective can be something like “I want to increase my brand awareness to help future sales”.
What is an example of a SMART objective?
An example SMART objective would be “I want to sell 50 products by the end of today.”