| launchsolutions.com
Photonics West Lead Generation
Benchmark Survey
March 2016
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Q1: What type of business are you?
• Respondents represented a variety of market segments,
including:
– Glass manufacturer (25%)
– Instrumentation (25%)
– Engineering services
– Lasers
– Capital equipment
– Optical design and manufacturing
– Optical finishing products
2
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Q2: How did you participate in Photonics
West 2016?
3
10-ft booth,
38.9%
20-ft booth,
27.8%
Island,
5.6%
Tabletop,
5.6%
I didn't
exhibit--I
walked the
show, 22.2%
I didn't exhibit--
presenter/instr
uctor, 0.0%
Go Big or Walk
• 22% of respondents
walked the show –
the same percentage
as last year
• Use of island and
tabletop booths rose
slightly from 2015
• Other respondents
said they shared
booth space or had
a 30-foot booth
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Q3: How many total leads did your company
generate this year?
4
<15, 15.0%
15-25, 10.0%
26-35, 15.0%
36-50,
10.0%
51-75, 15.0%
76-100,
10.0%
101-125,
10.0%
126-150, 0.0% >150,
10.0%
I don't know,
5.0%
Middle of the Road
• Lead counts this
year stayed more
toward the middle
of the spectrum
• Reporting between
26 and 75 leads
2016: 40%
2015: 14%
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Q4: How many qualified leads did your
company generate this year?
5
<10, 30.0%
10-25, 30.0%
26-50, 5.0%
51-75, 20.0%
76-100, 0.0%
101-125, 5.0%
>125, 0.0%
I don't know,
10.0% 46% of total
sales leads were
qualified (up from
39% last year)
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More leads,
15.0%
Better quality
leads, 15.0%
Both more &
better leads,
30.0%
Fewer leads,
10.0%
Weaker
leads, 5.0%
Both fewer
& weaker
leads, 0.0%
I don't know,
15.0%
NA--We didn't
exhibit last year,
10.0%
Q5: How does this year's show compare with
Photonics West 2015?
6
60% of respondents
noted more and/or
better leads
compared to 2015
(though that’s down
from 71% last year)
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Q6: What were your goals for this show?
7
Obtain
qualified
leads
Increase
brand
awareness
Find vendor,
partnership
opportunities
Learn Meet with
customers
Close deals
Photonics West Objectives: Measurable & Mixed
• The majority of respondents aimed to generate new leads during the show,
and several had a specific lead count in mind.
• Others hoped to learn from the technical portion of the conference, while
some were looking to form new partnerships.
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Q7: What metrics do you track for trade show
success? (check all that apply)
8
26.3%
63.2%
36.8%
15.8%
10.5%
26.3%
5.3%
0.0%
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0%
Total leads
Qualified leads
Resulting RFQs
Resulting quotes
Close rates
Revenue
We don't track/measure
I don't know
Qualified Leads Still Leader in Metrics
• Respondents tracking qualified leads rose from 50% in 2015
• One respondent named cost per qualified lead as metric used
• Major drop in respondents who don’t measure
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Q8: What are your best performing shows?
(check all that apply)
9
93.8%
12.5%
25.0%
18.8%
0.0%
0.0%
6.3%
25.0%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Photonics West
Defense, Security & Sensing (DSS)
Laser Munich
Optifab
MD&M West
MD&M East
CLEO
Optics + Photonics
Photonics West remains top performing optics/photonics show by far
Others named SLAS, World of Photonics and Pittcon as effective shows
Now Defense +
Commercial
Sensing
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Q9/Q10: How effective are you at trade show
preparation and follow-up?
10
Perception of preparation and follow-up has improved slightly
(2015: effectiveness was about 2.75, consistency was 2.85)
Preparation Follow-up
3.00
2.95
2.92 2.94 2.96 2.98 3.00 3.02
Consistency
Effectiveness
3.00
2.85
2.75 2.80 2.85 2.90 2.95 3.00 3.05
Consistency
Effectiveness
1 = Poor | 2 = Needs Work | 3 = Good | 4 = Excellent
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Q11: What does follow-up look like in your
company? (check all that apply)
11
25.0%
80.0%
55.0%
95.0%
20.0%
25.0%
20.0%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Connect with leads on LinkedIn/social…
Add to database for email…
Add to CRM (like Salesforce)
Email
Call 1x
Call multiple times
Send card/literature
Inbound Having Bigger Impact
• Use of lead nurture campaigns jumped from 52% in 2015
• Calling dropped from near 40% in 2015, and direct mail decreased
from 35%
social media
email
nurture
campaigns
| launchsolutions.com| launchsolutions.com
For more tips to improve your trade show
strategy, visit launchsolutions.com/blog
Or download our tip sheet:
Maximizing Trade Show ROI
12

Photonics West 2016 Lead Generation Benchmark Survey

  • 1.
    | launchsolutions.com Photonics WestLead Generation Benchmark Survey March 2016
  • 2.
    | launchsolutions.com Q1: Whattype of business are you? • Respondents represented a variety of market segments, including: – Glass manufacturer (25%) – Instrumentation (25%) – Engineering services – Lasers – Capital equipment – Optical design and manufacturing – Optical finishing products 2
  • 3.
    | launchsolutions.com Q2: Howdid you participate in Photonics West 2016? 3 10-ft booth, 38.9% 20-ft booth, 27.8% Island, 5.6% Tabletop, 5.6% I didn't exhibit--I walked the show, 22.2% I didn't exhibit-- presenter/instr uctor, 0.0% Go Big or Walk • 22% of respondents walked the show – the same percentage as last year • Use of island and tabletop booths rose slightly from 2015 • Other respondents said they shared booth space or had a 30-foot booth
  • 4.
    | launchsolutions.com Q3: Howmany total leads did your company generate this year? 4 <15, 15.0% 15-25, 10.0% 26-35, 15.0% 36-50, 10.0% 51-75, 15.0% 76-100, 10.0% 101-125, 10.0% 126-150, 0.0% >150, 10.0% I don't know, 5.0% Middle of the Road • Lead counts this year stayed more toward the middle of the spectrum • Reporting between 26 and 75 leads 2016: 40% 2015: 14%
  • 5.
    | launchsolutions.com Q4: Howmany qualified leads did your company generate this year? 5 <10, 30.0% 10-25, 30.0% 26-50, 5.0% 51-75, 20.0% 76-100, 0.0% 101-125, 5.0% >125, 0.0% I don't know, 10.0% 46% of total sales leads were qualified (up from 39% last year)
  • 6.
    | launchsolutions.com More leads, 15.0% Betterquality leads, 15.0% Both more & better leads, 30.0% Fewer leads, 10.0% Weaker leads, 5.0% Both fewer & weaker leads, 0.0% I don't know, 15.0% NA--We didn't exhibit last year, 10.0% Q5: How does this year's show compare with Photonics West 2015? 6 60% of respondents noted more and/or better leads compared to 2015 (though that’s down from 71% last year)
  • 7.
    | launchsolutions.com Q6: Whatwere your goals for this show? 7 Obtain qualified leads Increase brand awareness Find vendor, partnership opportunities Learn Meet with customers Close deals Photonics West Objectives: Measurable & Mixed • The majority of respondents aimed to generate new leads during the show, and several had a specific lead count in mind. • Others hoped to learn from the technical portion of the conference, while some were looking to form new partnerships.
  • 8.
    | launchsolutions.com Q7: Whatmetrics do you track for trade show success? (check all that apply) 8 26.3% 63.2% 36.8% 15.8% 10.5% 26.3% 5.3% 0.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% Total leads Qualified leads Resulting RFQs Resulting quotes Close rates Revenue We don't track/measure I don't know Qualified Leads Still Leader in Metrics • Respondents tracking qualified leads rose from 50% in 2015 • One respondent named cost per qualified lead as metric used • Major drop in respondents who don’t measure
  • 9.
    | launchsolutions.com Q8: Whatare your best performing shows? (check all that apply) 9 93.8% 12.5% 25.0% 18.8% 0.0% 0.0% 6.3% 25.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Photonics West Defense, Security & Sensing (DSS) Laser Munich Optifab MD&M West MD&M East CLEO Optics + Photonics Photonics West remains top performing optics/photonics show by far Others named SLAS, World of Photonics and Pittcon as effective shows Now Defense + Commercial Sensing
  • 10.
    | launchsolutions.com Q9/Q10: Howeffective are you at trade show preparation and follow-up? 10 Perception of preparation and follow-up has improved slightly (2015: effectiveness was about 2.75, consistency was 2.85) Preparation Follow-up 3.00 2.95 2.92 2.94 2.96 2.98 3.00 3.02 Consistency Effectiveness 3.00 2.85 2.75 2.80 2.85 2.90 2.95 3.00 3.05 Consistency Effectiveness 1 = Poor | 2 = Needs Work | 3 = Good | 4 = Excellent
  • 11.
    | launchsolutions.com Q11: Whatdoes follow-up look like in your company? (check all that apply) 11 25.0% 80.0% 55.0% 95.0% 20.0% 25.0% 20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Connect with leads on LinkedIn/social… Add to database for email… Add to CRM (like Salesforce) Email Call 1x Call multiple times Send card/literature Inbound Having Bigger Impact • Use of lead nurture campaigns jumped from 52% in 2015 • Calling dropped from near 40% in 2015, and direct mail decreased from 35% social media email nurture campaigns
  • 12.
    | launchsolutions.com| launchsolutions.com Formore tips to improve your trade show strategy, visit launchsolutions.com/blog Or download our tip sheet: Maximizing Trade Show ROI 12