The Relevancy Topic
A lot has been said in the equine trade industry in recent months about markets and trade shows. It's been interesting to see the sides form. The idea that the industry outside of Denver should have one other major trade show appears to be a dim reality at this point. Maybe that's not all bad.
But a larger question has surfaced recently that I think needs to be discussed and resolved. Someone at the Baltimore Market this past weekend asked me if it was true that in the "good old days," markets were packed no matter where they were held and buyers crawled the show floors like ants at a summer picnic.
Well, maybe not quite, but the answer is yes, trade shows at one point in our industry were huge and most companies could keep themselves in business by attending them. Retailers relied on them for their success, as well.
Other than the Denver Market, which has always been strong, the attendance and participation at all the other trade shows over the past five years has been steadily decreasing. Oh, there would be a show here or there that would defy the trend, but for the most part, the pattern was toward smaller shows with less participation.
Which prompts the question: Are trade shows and markets relevant to the equine trade show industry in 2006?
There are a number of things to consider.
First, the Internet has changed the way all of us do business. Five years ago, "blog" wasn't a word most people in our industry were familiar with and Web sites were looked upon as a novelty -- nice to have, but not a necessity. How things have changed!
Retailers who once attended trade shows to view the latest and newest lines of product, clothing, tack or whatever, today can click to a Web site and see it in living color without having to wait for a trade show.
Second, society has gone from a collegial approach to doing to business to more of a direct and less passionate model. In other words, going to a trade show to get together with others in the industry to network, share a drink and dinner, compare notes, etc. is less important to most people today. Reuniting with a favorite rep is less important than getting products at a good price.
Have you ever read "Bowling Alone: The Collapse and Revival of American Community," by Robert D. Putnam. The author shows how we have become increasingly disconnected from family, friends, neighbors and our democratic structures. Putnam warns that our stock of social capital -- the very fabric of our connections with each other -- has plummeted, impoverishing our lives and communities, including extended communities such as the equine trade industry. Putnam draws on evidence including nearly 500,000 interviews over the last quarter century to show that we sign fewer petitions, belong to fewer organizations that meet, know our neighbors less, meet with friends less frequently and even socialize with our families less often.
We're even bowling alone. More Americans are bowling than ever before, but they are not bowling in leagues. Extrapolate Putnam's work and apply the principles to trade shows and it's no wonder that the social element has declined to a great extent.
If you're involved in any organization in our industry, you know exactly what I'm talking about.
So with those two major aspects under consideration, trade shows are going to have to do more to reinvent themselves, attract attention and remain vital. It's not enough any longer to "build it" and hope "they" come. There have to be nuts and bolts benefits and perhaps flashing lights and dancing girls.
In common terms, it's called relevancy. How relavant are trade shows to the lives of those in the equine trade industry today?
