Matchmaking…social engineering…networking solutions. Whatever you choose to call the recent introduction of software designed to initiate introductions at events and tradeshows, there is a creditability crisis in the works.
Fundamentally, the purpose of these tools makes sense. They accelerate the sales process by enhancing lead generation opportunities. They connect buyers with sellers. They make introductions prior to an event so both parties can learn more about each other. Matchmaking tools find a way to generate better qualified leads which in turn provide more closed deals.
The problem is trust. Five years ago matchmaking tools re-emerged, packaged with a promise to enhance exhibitor’s results. Show management needed something to calm exhibitor fears during the downturn of audience attendance after 9/11. Expectations were for increased audience interactions with tools that enhanced the overall tradeshow experience.In other words, smaller audiences would have better introductions. To date, those promises have not been fulfilled.
The broken promise centers on the belief that a majority of an audience would use the tools. To date, most shows are happy to get one quarter of the attendees to participate. Exhibitors appreciate these tools but now questions are being raised as several years of results have not delivered the expected results. Two of the leading software suppliers are suffering from under priced contracts or underperforming results.
How to solve the problem? Suppliers have got to come clean. Recent published matchmaking performance reports have raised serious creditability questions. Just as show organizers have been held accountable to audience counts, matchmaking tools must be held accountable to truthful participation rates. Fundamentally, matchmaking solutions will survive and will evolve into a valuable solution for tradeshows and events. However, software vendors must be trusted to deliver real worth and build trust within the meetings industry.