Over the past few years, there has been a move towards “Fair Trade.” People are looking to support business ventures that not only provide a great product, but also pay the workers a fair wage. Fair trade coffee has taken off in the States with many other products following close behind. For those looking to impact the community and do some business, a fair trade shop might be the perfect thing. You would develop standards for what fair trade means in your country (maybe they already exist) and begin to look for products and distributors that match these standards. You may find that they don’t exist, which means that you can create new line of products that are fair trade approved. Whether you look to sell retail or export abroad, the fair trade concept might be perfect for you.
Fair Trade Shop
Brief overview
More Information
Capital / Setup Cost
$15,000 - $30,000
Legitimacy
Medium
Employees
1-5
Rate of Technological Change
Low
Time Involvement
30 – 40 hours per week
People Contact
Medium
Specific Training
Little training
Seasonality
Medium