Wednesday, May 22, 2013

Guide to starting a flea market business (Part One)

How To become a Flea market Vendor

  Looking for extra income or some spree cash, or even just looking for a new hobby.  A Flea Market business can be very profitable.  Most experience vendors can leave with $500 dollars minimum  this would be a larger flea market (25-50 vendors).

  Alright now I'm going to give you tips and basics, for your first couple months as a vendor. Feel free to take any personal notes that may help you later on. Book marking may also provide a great resource.



           What you'll need


  • Before you begin you'll need the following to be able to be a vendor and/or successful vendor
  1. Truck or car witch trailer hitch
  2. a place you can store your merchandise in.
  3. A enclosed trailer (if you can afford).  For easy storage and potability.
  4. start up cash (100-500)
  5. A Stand and small event tint
  6. Vendors tax license

  • So after you've made your check list, made sure you have everything you'll need, and found a location, make a time to goto the flea market.   Have this planed out in advance to give you time to remember anything you may have forgotten


Basics


     There Really isn't much to being a vendor, it's actually pretty simple and shouldn't be hard to master.   After you've got everything you'll need a place to find your merchandise.  You can very easily find products at any thrift store or yard sales.  I'll you now that yard sales will almost always be the place to find new products to sell for good profit.  The people who run the yard sales are usually very friendly and with a little luck and charm, you may be able to get some great deals.  The quality of the goods is also something yard sales always have. 

     Specializing in a product can give you two benefits, people think you have better quality goods, people think your more professional and trust worthy.   The reason people will think you have better quality products is the fact all your products are related in some way.  The fact that they think your more professional  because your stand is clearly a specialty stand and seems legit.  People will also be able to more easily remember your stand and be more comfortable talking with you.

   When choosing a location you should take these thoughts into account. The size of the location, the number of vendors, the amount of businesses in the area.  Your going to want to choose a location that is pretty decent in size, by doing so you will ensure more business to your stand. The more vendors in the location, the more curious buyers.  The amount of businesses will tell you if there is money in that area of if there is not.  A popular saying on the marketing the world ""follow the money""  which basically means go where the money is. If its a hour away drive there, if its 3 hours away, move there.



                                 Thank you for reading the first part of ""Guide to starting a flea market business"" by Drew R, Writer  for Tech3T.blogspot.com   Part two will be out very shortly continuing where part one left off.  Stay tuned.


Based on personal experiences of Drew R

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