Sharing the Wealth – of knowledge that is!

Fifteen years of trade show knowledge, always finding myself talking about how to do it, when to get around it, what to ignore, and when to ask for forgiveness, rather than permission – that is the basis for my blog. We have a family owned business in Las Vegas and southern California. We have three arms – a full service exhibit house, a union affiliated I&D crew, and now a wholesale subdivision. We talk trade shows morning, noon and night – and 95% of the time it is very positive! I don’t claim to know everything, however, in fifteen years time we have stumbled across quite a bit and I love to share. Looking forward to chatting with you – Jan Koren Absolute Exhibits/Wholesale Exhibits jkoren@AbsoluteExhibits.com 714-685-2813
Jul 26, 2010 Print PDF

Budgeting - Cutting Warehousing Costs

jkoren

Sell your old exhibit – it’s as simple as that. Pack rats are obvious critters. Heaps of old record albums crowd the cd’s off their shelves; worn work shirts and bell bottoms spill out of their closets. They are graduates from the school of "you never know - I might need/want/wear that again someday." Pack-rat-edness among exhibit display owners is especially hazardous, since exhibit storage space comes at a premium far higher than a closet shelf or a dresser drawer. In many cases display owners are paying by the cubic foot to warehouse that old exhibit, and it hasn’t seen daylight since The Greatest Show of 1992. If you are not paying for outside storage, then you are using your own valuable warehouse space.

Why not sell it? There is a growing market for used exhibits - plenty of up-and-coming exhibitors want the look without the price. You’ll bring in some revenue as well as get rid of those nasty storage fees. To make the selling process easier for you as well as your prospective buyer, keep the following guidelines handy when prepping your exhibit for the market:

• Papers, papers, papers - Proper documentation is the key to selling an exhibit. Pull together all records you have for the exhibit and its operation. Include: blueprints and set-up drawings; inventory and crate packing lists; I&D and service bills; and especially photos.
• Selling parts - If you can sell 85% of your booth in one shot – do it. However think through the idea of selling certain parts – selling the centerpiece by itself may leave you with items that you can never sell.
• Repairs – Buyers should know that they are buying “as is.” Cosmetic changes do not increase the value of your exhibit. And, forget selling the sliced and diced carpet – it has no value.
• Pricing – this is a real guessing game and negotiating is the rule. This sale is definitely not a profit center – set a price and be prepared to bargain. Remember the buyer has to make alterations, add new logos, buy new fixtures and carpet – so think 30% of the original cost as a starting point and be prepared to go down from there.

See you on the Show Floor!
Jan Koren - jkoren@AbsoluteExhibits.com


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Posted by: jkoren in From the Trenches
Tagged in: Renting , Exhibits , Budgeting
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