How to Start a Business at a Flea Market
By Rosa Hayes, published Feb 12, 2008
Published Content: 830 Total Views: 449,283 Favorited By: 118 CPs
When you first consider setting up shop at flea market, you should think about what items you want to sell and what items people will be shopping most for. Just because you like a certain item, does not necessarily mean that others will be looking for the items. Another thing that you should consider is that a lot of people look at flea markets the same way they do yard sales, a great way to find something at a cheaper price.
Keeping all of this in mind will help you when you decide what items to add to your shop and what prices to put on the items.
The area that you have your shop is also an important issue. If your shop is located towards the back of the flea market, many people may not make it that far. Renting an area that is closer to the front doors might cost you more but it could also help you to make more money if more people are visiting the shops that are closer to the entrance.
The hours of your shop should also be kept at the same time each week. There is nothing worse than going to the flea market to visit a particular shop just to realize that the shop owner isn't there that day. If you want to keep your business going, set your hours of operation and keep them.
Knowing your competition will help you a lot. Your prices should always be competing but not so much that you are loosing money. The things that you should always keep in mind to cover cost and make a profit are; the price for the space at the flea market, the price you paid for the merchandise, the cost of the gas to and from the flea market, the cost of having helpers, and the cost for your time. These will help you to stay in business longer and still make a profit.
If your merchandise looks like it has an inch of dust on it, clean it up. People want to see the good in the merchandise and not have to wipe the dust off of them before they can see the true look of the product.
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Takeaways
- The proper pricing
- Where to set up shop
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