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Article Meetings / Events 2 min read

Wednesday Buzz: Does Event Success Hinge on Industry Strength?

The foundations of your industry have a huge influence on your association's events. Plus: How to combat complainers.

Heads up: this content is over 5 years old, so some information may be out of date.

Trade associations, take note: If you recently held an event that had underwhelming attendance, unimpressive engagement, or little post-event momentum, you should evaluate each and every part of your event-hosting process.

But Bear Analytics  (opens in a new tab) CEO Joe Colangelo goes in depth about another key driver of event success or failure: the overall performance of your industry. If business is booming and excitement is spreading, your event will likely be buoyed by these larger trends. But there is a downside to this influence.

“This effect can of course be a double-edged sword: Despite executing a flawless event with top-notch content, you may have a down year if your industry’s macroeconomics aren’t so hot,” he writes in a guest post on Social Fish  (opens in a new tab).

To monitor industry strength, Colangelo recommends keeping an eye on nascent innovation at a university level, the performance of public companies, and the flow of investments through resources such as AngelList  (opens in a new tab) and the National Venture Capital Association  (opens in a new tab).

“Market momentum can work for your event or against it. As your industry churns, remember to use these public and private sector cues to gain insights into the impact they can have on your event. The benefits of aligning your event with your market’s momentum can help drive growth and loyalty for years to come,” Colangelo concludes.

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Other Good Reads

Stop complaining about complainers and learn how to handle the negativity that may be swirling around your office with these tips from Ask a Manager blogger Alison Green  (opens in a new tab).

“Any day is a great day to show someone you appreciate them,” but Valentine’s Day provides a particularly perfect chance to show your members some love. Find out how in membership pro Christina Green’s latest post  (opens in a new tab).

For an exercise in conference curation, take a peek at the Online News Association’s call  (opens in a new tab) for members and possible attendees to trim overly covered topics from the association’s 2015 annual conference.

(Sergey Nivens/ThinkStock)

Morgan Little

Morgan Little is a contributor to Associations Now.

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Tags: #conferences #event planning #Meetings #trade associations #Trends

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