Should Rent or Purchase your next trade show displays?
In recent years exhibitors have seen the cost to attend tradeshows sky rocketed by leaps and bounds. With this said, more and more exhibitors are searching for ways to cut costs. To this end many budget conscious exhibitors are turning to companies that provide turn-key rental booth programs. This turn-key rental program affords the client the luxury of a full custom booth at about a fraction of the cost.
Renting an exhibit can also get complicated. An exhibitor can choose from an off the shelf exhibit booth which is provided by some exhibit houses or the show contractor. The Problem with this is that the booths all look the same. This means other exhibitors at the show may wind up with the same looking booth as you. All companies are different in some way form or fashion, why look like the guy next door.
Custom trade show display rentals are a great alternative to the standard renting programs. Now there is no need to purchase a high cost custom exhibit booth. You can get a full customized trade show display which is designed specific for your company. Usually this is unique to competitors. There are many advantages to this process. The main one is that you do not own the booth or the responsibility that come with ownership
First, it was the small exhibitors who would take advantage of such program, but now, even the larger and more seasoned exhibitors are renting. Why? Savings on Transportation, Storage cost, Less time-consuming . Overall, a great budget booster. Imagery is one of the main things companies endeavor to uphold, but gradually changes in the industry have shown many participants the advantages of going ?the rental way? without sacrificing company image or quality nor integrity of display booth.
Another great aspect of renting a customized trade show booth is that a company can now purchase custom components built especially for your company. It can be incorporated in to the custom rental components. This now makes your exhibit booth completely unique in all ways. Others exhibitors are now looking at multi-rental exhibit programs.
Multi-Rental exhibit programs, this is when and exhibitor has to use rental booth more than 5 times or numerous amounts of times over the 3 years period. Each time the exhibitor uses the booth the cost drops (based on the original layout). This is a great solution providing that you do not wish to have any obligation to storage as well as refurbishment. It is recommended that you review your cost carefully on this program for is some case it may be cheaper to purchase the booth as oppose to renting it.
Leasing your next trade show booth has a major advantage as opposed to purchasing the booth. You do not have to come up with the entire upfront exhibit booth cost. Depending on your lease you will however have to make monthly payment. The tax advantage of this program is great. You are able to write off some or if not all of the cost of the trade show booth. Please speak with your certified tax consultant about this before making this decision. Monthly payments must be made with interest. The booth is your responsibility, all storage and refurbishments will have to be paid by you the exhibitor. Depending on how long your payment terms are you may be ready for a new look with before your payments are up.
There are many options you can choose in deciding whether to purchase, lease or rent you next trade show display. One may choose to rent for the first time out and see if you like the program. From there they can get a better understanding as to what direction they wish to go in. Here is to your success
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