Most meeting planners have probably already read about how companies want more value than ever before from their conferences. While this can create more work for you, there are some things you can do to work out the kinks long before they happen.

Think Replacement

If you need to help the company keep expenses at a minimum, replace these meeting parts:

* Replace the reception with a working lunch – this will let people meet and network, as well as enjoy a meal together. * Replace the open bar idea with team building exercises or mind storming training-these programs have a much better chance of improving the ROI than a bunch of drunk employees blowing off steam. * Replace entertainment with a spa wellness trip. You will have more refreshed folks ready to work. * Replace land based venues with a cruise meeting, and save as much as 40%. Cruising is all-inclusive, so planners may be surprised to know that meeting rooms, meals, A/V equipment and luxury accommodations are all included in one low price.

Think Reduction

What if the customer says, "Okay, these cost savings are great, let's get rid of the reception, evening entertainment, and and welcome reception open bar meet-and-greet! So what do we do on the last day, then?"

Get rid of it. Tell your client that not only will she not need to make the usual expenditures that don't improve ROI on the cost of the meeting, she can eliminate the last night's hotel bill as well.

By just replacing the non-ROI generating activities and events, you have already increased the value of the meeting. Your client will be grateful for that for a long time. And happy, satisfied clients translate to more meeting planning business for you in the future. So, it pays to find every way to cut out unnecessary expenses and increase meeting ROI for your clients.

Explode meeting ROI with a cruise event. Cruising offers a savings of as much as 40% of the cost of hotel venues, since a cruise is all inclusive.

An all inclusive cruise event can save you up to 40% compared to land based venues since so much is included. Meals, meeting rooms, A/V, coffee breaks, activities, entertainment and even room service are part of the all-inclusive cruise fare.

While we usually think of incentive programs benefiting the top producers–and the incentive itself does–the real effect is on the average employee, according to Fay Beauchine. In May 2009’s Incentive Magazine, she made the point in Incentive House Roundtable that it’s the middle producers who move up.

“We all know top performers are usually top performers,” she said to interviewer Leo Jakobson. She claimed that it’s the middle that improve by trying to hit the target. Even though they will miss it, they will still improve, even if only a few percent, and that will increase the total sales by “huge numbers in some cases.”

This underscores the importance of the incentive travel programs currently in place in corporations today. You as the meeting planner need to understand that you are a key player in your client’s bottom line, and you have to produce sales in an indirect way. This can be more difficult than the motivation speaker who simply gives them all a good talking to.

Remember that when you plan incentive travel, you need to plan with the person in mind. Tailor it to fit a participant’s ideal needs and wants and she will talk about it for a long time–and she will say it to some of the middle producers in the company.

As a meeting planner, you are concerned with so many things that it can be easy to overlook the smaller things. However, one thing you do not want to forget–or eliminate–is how to make your event stay in the minds of participants for a long time. This is not only good for your client, but for you as well. Not only will your client remember the event, he or she will remember the planner who made it so.

Although having the right meals, the right place, the right equipment, the right space, etc., are all crucial components, finding a way to turn the event into a keepsake is also important. Here are some ways to make your event unforgettable. Read the rest of this entry »