Trade+Fair+report

__**Trade Fair student report**__

Product Name: Camo Gloss and Camo Gloss minis

Company Name: Camo Gloss


 * Design of product**

I think the innovation for Camo gloss was to stop people getting their lip gloss taken off them in class and what made Camo Gloss creative was how it was in a highlighter not just lip gloss by it's self, because that would be plain and boring. The people that would use our product would be school students who would like to use lip gloss in class but can't because it gets taken off them all the time.

The people involved in the Camo Gloss creation was Zoe and I, and the whole initial expense was about $70.00 all together including everything we didn't use as well. Our capital was probably the lip gloss, because to make the lip gloss we had to buy quite a lot of things and the final cost for that would add up to be a lot of the initial cost.

Although Camo Gloss wouldn't make that bigger impact on the community, I think the biggest impact it would make would be is that people would have less cracked lips and they might not have to pay for as much lip gloss because it wouldn't be taken of them all the time. So it makes more of an impact in class or at school because it was made mostly for that purpose.


 * Trade Fair**

I think that Camo Gloss was really successful on the day of the Tade Fair and way more successful than I thought as well, especially because we sold heaps of our product to people from not just Fairfield Intermediate but also from a primary school and parents as well, our stall was quite good because it was a reasonable length and was different to the others so I think it may have caught some peoples attention, but next time I think we should maybe just make it a little bit bigger so we can fit everything on it.

For us we weren't really worried about competition, we were more worried on selling our product, except there were some other people who were selling lip gloss so we were just trying to sell more of our product and make more money then them as well.

We tried to tell most people our sales pitch but since a lot of people were coming to our stand it got a bit tiring after a while, in our sales pitch we told people about our product and what made us come up with the idea, we also tried to make it stand out and make it as interesting as possible so people would notice our product.

There was a lot of interest in our product because we sold heaps of them by order and a lot of people came to our stand to take a look to see what we were selling and to buy as well. We also gave out most of or order forms and we did have a lot of them before hand.

Next time if I was to do the trade fair again, I would probably try to get a bigger stand to put everything on it and so people could notice us a bit more, and we could also try to sell our product on the day or have testers, so they could test the product on the day.


 * Entrepreneur**

I think that I am okay as a entrepreneur but probably still need a bit of work on thinking of ideas for products and being creative on what I invent, because I think that it is quite important. But I am probably quite good at making products and thinking of how they will work and not brake all the time, so the customers are pleased with the product, not angry.


 * And Finally**

I think that people would want to start a business of their own so they can have the experience, and for some people they might just want the money as well. There are a lot of rewards and satisfactions of owning your own business, including the fact that you would get to know a lot more people and you might find that you would get a lot more opportunities as well, but the biggest obstacles in starting your own business is that if you don't know all the rules and what to do then you can make your customers unhappy and angry and that can let you business down a lot.

There are a lot of plusses in being your own boss, because you can run your business however you want to and make it your own way, you can also choose everything that you wan't to do and every risks that you wan't to take.

There are some negatives about being an entrepreneur, because once a customer gets angry at you they will start sharing around how bad you are at your business and you can't stop that, and that will make your business go down hill a lot. And once someone is unhappy about your product you can't just quit and forget about it you have to do something.

I think it is important to make a business plan so you know where you're heading and so you always have something to aim for and achieve as well, plus you also won't get stuck because you will always know what to do next.

I think it is reasonable to start small and think big because the future all depends on the little people just like kids. If we don't start small and think big then in the future no one will know anything and if there are problems than no one will know how to fix them or make a difference. But if we do start small and think big than we can make huge changes to the world and make sure they are good ones and also be able to make things a lot better then they already are.