Things
to Sell
Finding the right things to sell will guarantee success.
Study the competition and find out their best selling items.
Carry out a research by visiting different flee markets
in your locality. Another way is to find good deals on items. You could start
by clearing your house of unwanted inventory.
Startup
Fees
The amount you need to start the enterprise is small.
Most vendors spend less than $1300 to launch the business.
Organizers charge a nominal fee at a daily or monthly
rate. Recurrent costs include space rent, transportation costs and inventory.
You can start the business through personal savings or small loans from friends
and family.
New entrants into the business should rent daily and
avoid monthly costs. This is an effective way to study the location, customer
respond and interests. You don’t have to tie down cash to find out popular
products.
Type
of Space
The Type of space depends on the infrastructure and
location. The space could be in a large hall with an open plan or demarcated
into small stalls. Others are organized in an open field, street corner or
permanent location. They could offer booths, covered areas or tables.
- large hall
- open plan
- small stalls
- open field
- street corner
- permanent location
- booths
Legalities
There are not many restrictions for vendors. However
organizers need government and state permission to run a flee market. Vendors
need sales tax identification number and value added tax for some items.
Other restrictions include food handler’s health
certification and some prohibit items. Common items not allowed are animal fur,
ivory products, or endangered animals. Business registration is not mandatory
and you find many private individuals selling their wares.
How
to Find a Flee Market
Finding the right market could differentiate between
success and failure. The market should fit your inventory, attract lots of
customers and is cost effective.
Find one in close proximity to your residence to reduce
transportation costs. Use online directories such as Clark’s Flea Market
Directory to find markets. Others are Collectors.org and U.S Flee market
directory.
Another way is to visit your local government and find
out if they have a list of flee markets. There are also impromptu locations
were vendors sell from the back of their vehicles.
Where
Flee Markets are organized
Flee markets are organized in parks, street corners and
open fields. Other locations are within large halls, parking lots, supermarkets
and convenient stores. You also find them in social gatherings, pedestrian walk
ways and church premises.
- Parks
- street corners
- open fields
- large halls
- parking lots
- supermarkets
- convenient stores
- social gatherings
- pedestrian
- church premises
- 20 Tips to Starting a Business from Scratch
How
to Sell
Flee markets are highly competitive with vendors selling
different items. To get ahead of the game, stock quality items and provide good
customer service.
Make sure the items are priced appropriately and accept
multiple forms of payment. You could accept cash, and use a POS machine.
Provide simple packaging such as paper or nylon bags and issue receipts.
0 comments:
Post a Comment