Attending International Trade Shows for business trends
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Being an entrepreneur, I
will share you some important guidelines on how we get started on our trade.
·
A
written guide business plan to start with will help map out how you will start
and run your choice of business successfully.
·
Financing,
preparing the needed monetary capital.
·
Going
to trade shows, local or international can help you choose the most viable and
profit making product to sell. Trade shows in general are equipped with different
product presentations and opportunities organized by different competing
companies.
·
Attending
seminars and conventions will tender ideas on advertising, marketing and
promotion techniques.
·
Choosing
a friendly-customer location is one of the important aspects to consider in
terms of a much faster return of investment.
·
Administering
of important tools in marketing, advertising and promotions
· Using business softwares in organizing and managing reports, accounting
and inventory.
·
Securing
legal business permits.
It is recommended to personally
handle and constantly monitor your business operations or hire a trusted assistant who can do the job for
you. A big or small business has ups and
downs, the risk of bankruptcy or business closure is very much possible anytime
if not handled well. Continuous product updates is needed as well as campaigns
and advertising to reach the forecast on revenues and sales.
I agree with your observations. However, may I add that you attend a trade show that is close to your passion so that the time and effort you invested in attending one will never go down the drain.
ReplyDeleteFeasibility studies are needed to find customer-friendly locations. I also agree that meticulous searching and study is needed in any business. Honestly, we missed that. May be it's the reason why we got bankrupt. :(
ReplyDeleteI love going to expos and trade shows like these. Its really nice to learn from those executives in the area. Hearing their advices, learnings, I always go home with so much knowledge shared by them.
ReplyDeleteI also love joining events like this, it will give us the privilege of knowing what's hot and whats not
ReplyDeleteTrade shows are a great way to get ideas on a business that you'd like to start. But as with anything, it is always important to do some research to check its feasibility in the long run.
ReplyDeleteAttending trade shows is one way to locate new customers and clients and also get an idea of the competition.
ReplyDeleteI have attended a trade show in Tektite when I was still working. I like attending one because I get to know a lot of products and new companies. :)
ReplyDeletePart of my job is to discuss international trade shows with business management undergrads. I enjoy the theory a lot. Observing the practice is such fun too. Those are good sensible guideline. Tanks for sharing them.
ReplyDeleteI meant guidelines. Sorry.
ReplyDeleteI'm more of a bridal fair, auto show, comics, cosplay fair attendant! :D But I won't say no to a trade fair if situation calls for it...doing so increases one's exposure to the in and outs of stuff.
ReplyDeleteWe have family friends who usually join international trade shows, and it's really helpful in networking and gaining potential clients especially if you're in the field of exporting products.
ReplyDeleteGood tips. I think securing permits should be on the top of the list When starting as entrepreneur.
ReplyDelete