Entertaining Your Trade Show Clients

December 17, 2019

Offering clients and vendors tickets to sporting events, concerts or resorts has always been a welcome and fun way to strengthen and nurture business relationships. The 2017 Tax Cuts and Jobs Act added a major twist on this long-standing tradition of deducting client entertainment expenses on business tax returns.

This may have limited some options, but there are still many opportunities to host outside of the trade show. It’s always important to focus on what really adds value for your clients. For some, it might not be entertaining. For others, it’s still an important part of a complete trade show program. Whether you prefer a private get-together or a VIP party, the following tips will help you navigate a successful client experience.

Don’t Take Small Things for Granted 

It can be a bit embarrassing to take clients to a steakhouse, only to learn that many of them are vegan. Or to plan a fun, participatory activity like a walking tour and discover your client has a broken foot. Knowing some core personality traits, likes, dislikes and other limitations can go a long way toward avoiding an emergency change of plans. Offer some ideas in advance or ask questions so they can share information. Will their family be traveling with them? Do they have limited free time? A little legwork on the front end will show your clients that you don’t take them granted.

Consult with Concierges and Event Contacts

In this age of user-generated content, it can be tempting to rely on Google or online review sites to find recommendations for restaurants or activities. Remember that sometimes the most-reviewed or best-reviewed businesses are the ones that do the best digital marketing, rather than those that necessarily offer the best client experiences. So, go the old-fashioned route by picking up the phone and asking the local, unbiased event or hospitality staff for their recommendations. Do they have contacts that can offer some additional tips, ideas or inside information?

Less Is More

One fringe benefit of today’s reduced travel budgets and tightened tax write-offs is a corresponding preference among clients for less showy experiences. The days of just wining, dining and entertaining clients have given way to an increased expectation for authentic interaction and actual learning experiences. Clients today are more health- and budget-conscious, so late nights and partying and lavish productions can be more off-putting than anticipated. Breakfast/coffee or late afternoon gatherings are often more relaxed and give clients a greater degree of freedom for how they’d like to spend their evenings while traveling.

Offer Tiered Access to Group Events 

If you’re hosting a VIP event for multiple clients, provide options for your guests by offering more than one package. At least one of these tiers should be restricted to a limited number of participants. Reserve a few tickets for priority customers or prospects. Doing this assures high-value experiences and will create a lasting impression with the client. Offering special services or products to event attendees (above and beyond what you offer via your website to non-attendees), or special discounts to “strategic partners” (however you define those) can also make your guests feel appreciated.

Communication Is Key

Finally, one evergreen aspect of business entertaining is to make sure your venue is conducive to conversation. If it’s a hotel mixer or a restaurant dinner or drinks at a private club, make sure the ambiance is such that you and your client and can hear and engage with one another easily. No matter how large or small the event, always make sure you have people on-hand to encourage interaction and help everyone feel comfortable. Whether the relationship is formal or relaxed, effective communication is always critical to wooing clients and learning about their needs.

 

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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.