Day 4: Research and Decide Which Flea Market Products/Merchandise to Sell
You have done some flea market research and you have chosen a flea market to sell at. Now it’s time to decide what you want to sell. Review your notes and product ideas to get you started. You should have a good idea as to which products sell well, which products are being offered in your area, and an idea of the demand for these products.
The last thing you want to do, when becoming a flea market vendor, is to spend a lot of money on obtaining inventory. So we will focus on obtaining flea market items for free or at low cost in your local area.
You could ask friends and/or family members if they have any items that they don’t want. Sometimes they might just give you the items so they don’t have to worry about disposing of them. If not, then offer to give them a % when item sells. I have personally obtained many items this way over the years.
You could talk to local crafters and see if they would be interested in allowing you to sell some of their items from your booth. You would need to set up an agreement that you get a commission on items sold. You could also approach small local business owners with the same idea. Or you can offer to buy their overstock merchandise, if the price is right.
Scope out the local auctions held in your area. Sometimes you can get good box lot item deals. I have come across quite a few $2 box lot deals and made up to 10 times my money back. Be careful though, sometimes the boxes can contain worthless junk. Make sure you know what you’re bidding on.
Checking out the local yard sales and garage sales can sometimes provide you with some low priced products to sell. Estate sales can uncover some reasonably priced antiques for you to resell. Storage unit sales can be a good place to find items rather cheap.
Search eBay for low priced items to resell. Some eBay sellers provide small wholesale lots for flea market vendors. You could also search some of the other auction sites to find some good deals. Amazon, yahoo, overstock are some of the majors.
Depending on the type of merchandise that you want to sell, there are many places to get low priced and maybe even free flea market items. Using the methods listed above and your own brainstorming, you should be able to find some products to get you started. Then once you start making some sales, you could use your profits to buy more merchandise. As you get a better idea of the products that sell, you can use wholesalers to obtain your flea market items.
In the next lesson, you will learn how to make your flea market business legal.
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