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<span class="basic_member_name">Laura Foley</span>
Laura Foley
Graphic Designer and Creative Thinker
Hubbardston, Massachusetts
Posted by Laura Foley, Hubbardston, Massachusetts | Jan 29, 2009

Subscribe to Business networking tips and resources What to Do About High Admission for Industry Events and Advertising

I'm beginning 2009 by following the "2009 Grown Your Business Marketing Plan and Calendar" from Marketing Mentor (http://www.marketing-mentor.com). One of the networking suggestions they have is to attend trade shows or networking events for my target industry. Well, I'm targeting venture capital firms and am finding out that attending their events or advertising with them is cost prohibitive.

For example, if I were to become a listed "Member Recommended Service Provider" for the National Venture Capital Association it would cost $1,500, plus $850/year for a listing on the NVCA Web site. And it will cost me $595 to attend the one-day Corporate Venture Capital Summit as a service provider.

I don't have this kind of money! At least not now, when business is typically very slow for me. Are these costs common for attending industry trade shows and advertising or are the prices high because these are venture capital associations? Can anybody recommend other ways I can connect with Massachusetts-area VC firms?

4 Bizniks have posted replies

  • Justin Dagna
    Posted by Justin Dagna, Bothell, Washington | Jan 31, 2009

    Those prices sound very typical (and possibly even low) for the cost of attending most trade shows. And if you add in travel, lodging, meals and display/promotional material costs, it's not hard to put a few thousand into a single show.

    Advertising costs are all over the map, depending on circulation and each individual source.

    In both cases, remember that many of the other advertisers are bigger firms. If you gross $100,000, $800 sounds like a lot; if you make $10 million, $800 is petty cash. While there's something to be said for putting your name up next to the other big players, I think you're right about looking for other ways to reach your target audience.

  • Karen Pierce Gonzalez
    Posted by Karen Pierce Gonzalez, Rohnert Park, California | Feb 04, 2009

    Wow, that can be costly! I agree with Justin that the return on investment is a critical consideration. Plus it's good to know what your risk comfort level is. Priceless connections can be made at trade shows, etc. but if the risk is too high, it's wise to look for opportunties elsewhere. Some VC companies are affiliated with communication foundations which receive funds and grants for specific projects. Might want to check out those foundation in your area. (funder info should be public in those cases). Hope this helps. Best, Karen

  • Howard Gutknecht
    Posted by Howard Gutknecht, Seattle, Washington | Feb 04, 2009

    I've spent this kind of money on marketing campaigns in the past. Created special brochures and followed-up relentlessly with the people I met. Life is serendipitous. You can't exactly predict which of 5 marketing initiatives in a given year are going to succeed.

    Can you split the cost of a membership with another business owner who might derive from benefit from directories, accompanying you to a conference?

    Are there other ways of going after the same market? These might be just as costly, and just as risky.

    Do you have a mentor who's successfully campaigned to that market?

  • Laura Foley
    Posted by Laura Foley, Hubbardston, Massachusetts | Feb 10, 2009

    Thank you all for your insights and ideas. Although the trade show route and advertising are appealing (albeit expensive for my business at this time), I think that my marketing budget would be better spent elsewhere. I am working other marketing avenues, such as word-of-mouth, referral bonuses, and a biweekly newsletter.

    I will look into the communication foundations; I had never heard of them before!

    I don't have a mentor who specifically has worked this market. In fact the reason I'm interested in working with VCs is because there don't appear to be many other graphic designers who specialize in PowerPoint makeovers.

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