Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Retail Shows 2018-03-30

Lessons That Retail Players can Take From Retail Trade Shows

The Indian retail industry accounts for over 10% of the country’s GDP and around 8% of the employment.

By Senior Sub-editor
Lessons That Retail Players can Take From Retail Trade Shows

 

Retail business is no more limited to opening and running stores, businessmen have come up with various modes of interacting with other companies and reaching out to the customer base.

The Indian retail industry accounts for over 10 percent of the country’s Gross Domestic Product (GDP) and around 8 percent of the employment. India is the world’s fifth-largest global destination in the retail space.

India’s retail market is expected to nearly double to the US $1 trillion by 2020 from US $600 billion in 2015, driven by income growth, urbanization, and attitudinal shifts. While the overall retail market is expected to grow at 12 percent per annum, the modern trade would expand twice as fast at 20 percent per annum and traditional trade at 10 percent.

India’s Business to Business (B2B) e-commerce market is expected to reach US $700 billion by 2020.

The trade shows, which is still fresh in the market for the budding businessmen and aspiring entrepreneurs to be a part of the huge retail market or to offer their ideas and products.

Here are a few benefits, your business can earn, by participating in the retail trade shows:

Building Contacts:

Trade shows are places, where well-known brands of retail industry participate. It is the ideal platform to build contacts with the renowned brands.

If you are a startup or one who is looking for franchisers or someone who is offering franchising opportunities, then trade shows help you in getting half the things done.

Most business collaborations take place in trade shows. Big and small players come to the same level and talk or interact with each other, which helps both in building their stairs upward in the business.

Exposure and Knowledge:

There are a lot of good brands, which get overshadowed by the big banners, such companies get the exposure, they deserve.

The audience is huge in trade shows, and it is an opportunity for the brands to reach out to their customer and showcase their work.

Learning is a never-ending process and there is no particular age group for learning. In trade shows, big companies get knowledge from small companies to solve certain kinds of problems; they also get fresh ideas to work on.

Same goes for the small companies, who get chance to interact with big players and gain knowledge in proceeding forward or to learn from their experiences.

Endless Opportunities:

Trade shows bring together all the small, large, medium enterprises under one roof.

This mini get-together lets the companies interact and look for opportunities to grow. Companies who participate get the opportunity to know about their competitors, rivals, and collaborators. And companies who do not participate get the opportunity to find a way inside the business and to interact with big players.

The audience gets the opportunity to know the options, available for their usage; whereas the companies get the opportunity to know the customers’ need better and how they can improve their approach or identify the loopholes by getting instant feedback.

Advertisement and Marketing:

It is the most direct mode of advertising and marketing the products. The audience gets to know the product closely and the companies get the response of their product instantly.
The new companies get the chance to gather sponsors and sponsors also get to judge the product, they are going to sponsor.

Investors also get to look into the product, they are going to pour their money in and businessmen get to convince investors by showcasing their product in the open.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Grocery Stores
    About Us: Value4u is one of the best grocery suppliers in..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Courier & Delivery
    About Us: VEDIC HERBAL GROUP was established in 2015 with a thought..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50000 - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Other Vocational Training
    About Us: Kadambari Sangeet Mahavidyalaya is the complete school of music..
    Locations looking for expansion Uttar pradesh
    Establishment year 2010
    Franchising Launch Date 2013
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ghaziabad Uttar pradesh
  • Others Food Service
    About Us: Biryani Monster is an OPEC pvt ltd company which..
    Locations looking for expansion Uttar pradesh
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 50000 - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dadri Uttar pradesh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
ads ads ads ads