Franchise Update Magazine Issue I, 2013 | Page 14

Grow Market Lead By Evan Hackel Optimize Your Franchisee Conventions Part 3: Year-Long Results! Part 1 of this series addressed how to improve attendance at franchisee conventions. Part 2 discussed how to maximize the benefits to your franchisees. This final article explores strategies for taking the momentum generated at your convention into your franchisee operations and using it as a recruiting tool for your next convention. As with the first two parts, we drew on the results of an online survey conducted by Speak!, Ingage Consulting, and Franchise Business Review, which drew responses from nearly 200 franchisors. H osting a top-quality, exciting conference can do many things for your organization. For starters, it inspires your current franchisees, sparking and renewing enthusiasm for the business and for the relationship between the franchisees and franchisor. Additionally, a great conference can be a fantastic recruiting tool for new franchisees. If you have candidates you want to close, bring them to your conference. The energy can be contagious and you can close more sales on the spot. Most of all, a great conference can provide the tools for improvement that can permeate your entire organization. Survey your attendees One important tool in that process is the conference survey. According to our survey, 12 Franchiseupdate Iss u e I, 2 0 1 3 How do you determine the overall success of your meeting? We do a post-event survey internally 68.1% We do both a pre-event and postevent survey internally 22.5% Other 2.8% We don’t measure5.5% We work with a third party to help us understand exactly what the franchisees need and want pre-event and how well we did post-event 1.1% more than nine of 10 franchisors surveyed undertake their own survey as part of the conference, typically following the event (see chart). Whether you survey your franchisees as they leave the conference or through an email survey a week to 10 days later, your post-conference survey should include the following questions: • What were the top two highlights of the conference for you (e.g., speaker X)? • How can we make the conference better (e.g., more/fewer speakers, more networking)? • Do you feel you received a good return on your investment in coming to the conference? “You want your survey to provide genuine feedback on your conference and not restrict the commentary,” says Eric Stites, founder and CEO of Franchise Business Review. “In fact, quite often the people