In the developing global scenario, the fair trade has been created with the thought of providing an option for the sustainable economy in villages or you can say rural areas. Small business like farmers, handicraft co-operatives are involved and gets benefitted from such arrangements. Additionally, these trades give incentives to rural producers for participating in ecologically reasonable and socially dependable practices by paying a value which takes care of the expenses of maintainable production, while guaranteeing a Premium for community improvement ventures. There are several organizations who works for providing a better livelihood for small business groups. Such movements also help to eradicate poverty.
People, as well as several countries across the world, depends on trade fairs for their livelihood. Whether directly or indirectly, these movements provide the premium to the community.
Basic purpose of trade fair
Trade fairs easily can be the marketing instruments out of all. A wide range of functions is associated with it. The most basic function is to develop the good customer relations, partner and several others. For new products, it works as the market research instruments. For increasing public awareness about the existence and development of companies, new or old, trade fairs are the best and easily accessible platform. Several artists, painters got the recognitions through these platforms. Below are some major aspects for contributing trade shows-
- Economic function
Apart from the visitors and exhibitors, the trade shows also contribute to the development of local economy. It is obvious that the population of the city will definitely rise where these fairs get organized which ultimately results in financial gain for the local vendors like restaurant, transportation etc. Logistic companies also get enough business for providing support to the exhibitors.
- Social responsibility
Exhibitions or any similar shows are the great platforms for the exchange of knowledge. In today’s context where the society eagerly wants to fetch the information regarding various cultures, traditions, lifestyles and all the related things. Based on such knowledge only they make further decisions.
Great promotional platform
Usually, companies spend a fair amount of money for their promotion and advertisement. And to sustain a leadership position, companies have to struggle a lot. And the hurdles for SME’s cannot be defined. They operate a business on very low margins and are not able to afford the expensive medium for their product promotions. And here, the fair trade plays a vital role in providing them support at quite a reasonable rate. Several organizations are also there to help them such small businesses.
How can you get the most benefit from trade fairs?
In trade fairs, you will get the items from almost every part of the world, international ones. If you are planning to visit a local fair you will be able to see traditional and handcrafted materials from different parts of the country. These items are beautiful with a touch of regional tastes. Visiting such exhibitions, one can get enough knowledge about various cultures and lifestyles. These trade shows are full of crafted items like bags, scarves, jewellery etc.