Experiential marketing is fast becoming one of the most effective ways in which a company can market its products and services. As the name implies, this type of marketing involves creating avenues for your customers to not only see your products but try them out or even get involved in their creation.
Experiential Advertising in Practical Term
If you are interested in this form of marketing, then you will find that there are many activity options to choose from. One idea would be to choose a venue in Miami and hold competitions involving the use of company products. This could easily be done by companies selling arts and crafts supplies, cooking utensils, model cars and airplanes or even camping gear.
At the same time, event space Miami is not required in order to conduct a successful experiential advertising campaign. Online simulator programs are also a good option and can be successfully used by companies selling home improvement products, vehicles or even clothes and shoes.
A UK based study recently noted that the results gained from experiential marketing are much higher than those gained from traditional forms of advertising. More than half of the potential customers involved in an experiential advertising campaign went on to purchase the product or service and/or recommend it to others. On the other hand, less than half of those who read a TV advertisement, press release or magazine article about a company are likely to respond to the advertisement or tell their friends and family members about it.
Offering potential customers the chance to use your products before buying them boosts your customer base and gets people talking about your company and what it has to offer. There are many ways to go about doing this but almost every single company can benefit from this type of marketing and its potential returns.