Business events are an extremely effective way of growing your company. Sadly, they do take a lot of money and there aren’t too many ways to reduce the costs thanks to the nature of business events. Money gives you exposure when you attend a large event that will see thousands of visitors and there’s very little you can do to increase the amount of exposure you get. To give you a hand, here are a few of the most straightforward ways to reduce the costs of a future business event.

 

Reuse Supplies

 

Firstly, make sure you reuse assets from your previous events. Whether it’s a sign with your company logo on it or a uniform that helps attendees differentiate you with the competition, make sure you’re reusing supplies and equipment whenever possible.

 

Skip the Gifts

 

Giving gifts to your guests is a typical thing at business events, but if you want to save money, skip the gifts and focus your money on your first impressions and putting out a quality demonstration for your brand.

 

Send Your Best Speakers

 

Flying out members of staff can get expensive especially when you need to consider things like booking an expensive hotel room, so only fly out your best speakers and most loyal members of staff.

 

Look for Sponsorships

 

Instead of reducing the costs, why not just grow your budget? This infographic below has plenty of tips to help you get more money from sponsors to help you pay for your next business event.

 

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Infographic from:  The Sponsorship Collective

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