Defining "social," part four
In part one of this series I talked about how Gen Y (and everyone else since then) are the first people in history to not need formal organized gatherings to maintain relationships. Those gatherings include religious groups (churches, temples, mosques, synagogs), political parties and, trade shows. Does that mean those gatherings are going to disappear? Not necessarily. There are enough baby boomers with enough buying power to keep those things going for another 10-20 years, but those efforts are going to die out altogether unless they make some significant changes. Right now, as the economy seems to be leveling off, the attendance decline in trade shows has flattened, but should there be another dip, look for popular events like CES to start nosediving again. Where you will see growth is where companies approach these gatherings with a new perspective. Most companies gear up for their primary trade shows, many target only one now, and they pour the lions share of the marketing budget ...