For
entrepreneurs managing
small and medium enterprises
marketing can be a major
headache. Falling back
on "Word-of-mouth"
has its obvious limitations.
Moreover, with limited
budget, advertising
in conventional media
is costly and may not
even have the desired
effects. Many SME entrepreneurs
are niche players so
advertising in the print
or electronic media,
which targets the mass
market, is not likely
to be cost effective.
What can then be a good
marketing platform where
small entrepreneurs
can not only advertise
their products but also
sell them on the spot,
gather market intelligence
on customer behavior
and competitors' products,
explore opportunities
for cooperative production
or marketing, and do
all that in the presence
of targeted international
buyers and sellers?
An international trade
fair that promotes specific
niches may be a promising
platform.
A month ago, the 3rd
Asian Women Entrepreneur
Eid Fair 2006 in Dhaka
Bangladesh kicked off
with a similar mission.
At the fair, there were
64 stalls. And women
entrepreneurs came from
many Asian countries,
although predominantly
from Bangladesh and
Pakistan. And they had
an array of products,
including all kinds
of clothing items, shoes,
bangles, herbal cosmetics
and home decor pieces.
But has the fair lived
up to its mission?
Bangladeshi Entrepreneurs:
"Tough Competition
but Good Experience"
Lucky Alam, the proprietor
of Anindo's, a boutique
in Dhaka, sells a variety
of clothing items. Her
sales at the store were
brisk and she also managed
to export some of her
products to Canada and
USA. And Lucky says
she did it all without
any government assistance.
But at the fair, she
realized foreign products
were competing her products
out. She claims although
her products were no
less of quality than
foreign ones the reason
why foreign stalls were
doing better was that
visitors were more ... |