Flash offers at a business matchmaking event
A flash offer accelerates a decision, it does not build authority. When it works inside a matchmaking event, how to do the arithmetic and what avoids a loss.
A flash offer is a commercial condition valid for a short period and for a restricted group. Inside a business matchmaking event it works well, because the group is naturally restricted and the period is naturally short: the event ends, and the condition ends with it.
But it also damages the reputation of whoever uses it wrongly. This article separates one from the other.
When a flash offer works
It works when the obstacle to buying is timing, not trust.
If the buyer already knows you, already understands what you do and simply had not decided when to buy, a condition with a deadline resolves it. If they have never heard of your company, the discount does not convince, it only raises suspicion. A low price on an unknown brand reads as risk, not as opportunity.
The practical rule: a flash offer accelerates a decision, it does not build authority. If your problem is authority, the route is a different one. See how to use matchmaking to promote your brand.
How to build the offer, with numbers
Do the arithmetic before announcing. Three numbers are enough.
Current margin. If you sell a service for R$ 1,000 with a direct cost of R$ 600, your margin is R$ 400.
Margin with the discount. With a 20% discount, you sell for R$ 800 and the margin falls to R$ 200, meaning half.
The volume needed to compensate. To keep the same total profit, you need to sell twice the units. If the event has 40 participants and you expect to convert 5%, that is 2 sales. With the discount, you would need 4 to break even.
If the arithmetic does not add up, it is not an offer, it is a loss with the appearance of strategy. And there is almost always a better alternative: instead of reducing the price, add something of low cost and high value, such as an assessment, an hour of consultancy, an extended deadline or a payment condition.
Formats that work at a matchmaking event
- A condition exclusive to whoever was in the room. Valid for seven days,
- A first purchase with no risk. A small pilot, paid, with a closed scope.
- A package between participants. Two companies from the room build a joint
- A condition for a referral. It applies to whoever refers another
with a code given at the event. It creates real exclusivity and is easy to track.
It lowers the barrier without destroying the margin.
offer. That tends to pay off more than any individual discount.
participant. It uses the room's network instead of pulling the price down.
Mistakes that cost dearly
- Announcing a discount at the first table. You do not yet know what that
- Repeating the same offer at every edition. If the discount is always the
- A deadline that is not kept. If you extend the deadline for whoever asks,
- An offer with no scope. "Discount on everything" produces orders outside
- An offer that does not fit the delivery. Selling ten projects you cannot
- Taking up the table's time with advertising. The speaking time is short.
company needs. A discount before a diagnosis devalues the solution.
same, it becomes your real price, and the list price becomes fiction.
everyone learns to wait. The credibility of the next offer ends there.
what you deliver well.
execute on time is the quickest way to lose ten customers at once.
Use it for the problem you solve, and leave the commercial condition for the break or for the follow-up.
The right moment, inside the event
The event has three moments, and each serves something different.
During the rounds. Present the problem you solve and your ask. It is not the time for price. See how to present a product or service.
In the break. This is where the conversation goes deeper. If real interest emerges, this is the moment to mention that a condition exists for whoever took part.
In the following seven days. This is where the offer actually converts. A short, personalised message, citing something specific from the conversation, with the condition and the deadline written clearly.
From the organizer's side
If you organise, watch out for two risks.
The event becoming a discount fair. When everyone starts announcing a promotion instead of presenting their company, the event loses its quality of conversation and participants stop coming back. Make clear at the opening that the speaking time is for the presentation, and that negotiation happens in the break.
A sponsor with an offer. If a sponsor wants to announce a special condition, define where and when, in writing, before the event. Without a rule, they will take up table time and generate complaints. See how to sell sponsorship for your event.
How to measure whether it was worth it
After the event, answer:
- How many proposals came out of the offer?
- What was the average margin on those sales?
- How many of those companies bought again within six months?
The third question is the one that matters. A customer who only buys with a discount is not a customer, they are a promotion buyer, and they do not sustain a business. Go deeper in what a new customer is worth and in strategies for a positive return on investment.
A flash offer is a closing tool. Used that way, it accelerates business that was already almost ready. Used as the main strategy, it teaches the market to wait for your next discount.
Read next
-
5 signs you should organise your first business matchmaking event today
The 5 signs that the time has come to organise your first business matchmaking event, and how to identify the ideal...
-
Are you ready to be remembered after a business matchmaking event?
Branding strategies and effective communication techniques for making sure your brand is remembered and stands out in...
-
Automate your business matchmaking event and focus on the relationships
How to automate the repetitive parts of a business matchmaking event without losing the human side, so the operation...