Just because you select a restaurant
does not mean you need to provide the attendees with a meal or
make it a dinner seminar. Many restaurants will rent you a room for
$250. I use a local well-known restaurant on Saturday mornings. This
restaurant is normally closed (it’s open for lunch and dinner), but they are happy to open
for me and serve a continental breakfast (I don’t consider this
a full meal as no one will come just for the juice, muffin and coffee).
Even though the restaurant is not making money to accommodate me, it’s
free advertising for them. I get the whole main dining room;
they charge me $7.50 per person.
You don't have to do dinner seminars, and you
don't even have to serve a meal, but always serve some type of refreshments
at minimum. It’s
your decision if you want to provide meals (a must if you are an NASD
licensee, because your invitation cannot contain compelling language).
Here’s the argument in favor of serving meals and understanding
why many advisors employ dinner seminar marketing:
1. You will get twice as many people to attend
2. The additional people that attend because
of the dinner are “eaters” and
not motivated to be there for the right reason
3. In the course of our presentation, some of the eaters may decide
to meet with you and become a client.
So, if you end up feeding 60 people dinner at
$15 each, you have spent $900 on meals. Even if you invest $30 per
dinner ($1800 total), if even one of those “eaters” becomes
a client and you earn $5,000, then your dinner seminar investment was
well worth it.
Make sure that your seminar invitation is clear
and says "dinner
served" or "refreshments" if that's all you're providing.
I provide a continental breakfast but NOT because
it draws people. After all, who is going to get up, get dressed, and
drive to the seminar for some juice, coffee, and sweet rolls? I provide
the breakfast for my benefit—it
gets caffeine and sugar in their bloodstream and puts them in the perky
mood that I want. The refreshments are a mood enhancer—not a
draw. When you use food to draw people you will attract eaters
rather than buyers, but as explained above, this may be well worth it.
Meal or not, ALWAYS have refreshments.
Let’s say you have a continental breakfast
provided, or you decide to make it a dinner or lunch seminar.
DO NOT use a buffet format. If you want attention from the audience,
once you start talking NO ONE should be moving around. Make sure
the waiters know NOT to enter the room once you start. Coffee, condiments
and everything must already be on the table to avoid movement and
noise.
Talk while they eat dinner or lunch. It is not
necessary to wait until they are done eating or have them wait to eat
until you’re done.
By talking while they are eating, you make efficient use of their
time and your time. And people are never in a better mood than when
they are eating!
Seminar
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Logistics- Location
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Logistics-Time and Day
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