How to Profit In Flea Marketing
On the outskirts of nearly every town across the U.S., especially in The spring, summer and fall, you will see a Flea Market set-up. Often there will be hundreds of trailers, booths and tables in a large field just off a major thoroughfare. How do these people operate? Where do they get their merchandise? Do they make any money?
Whether they make any money or not depends on the way each individual merchant operates, what type of merchandise is offered and how much time is devoted to the business.
Most of them set up their wares on weekends an spend the rest of the week searching for goods to sell. Good antique dealers who know their product generally make very good profits. Clothing dealers, in the right location, can often bring in up to $600 on a typical weekend.
Jewelry, including rings, various kinds of necklaces, and silver and gold are big sellers.
Large, heavy and bulky items are not generally favorable for flea markets.
The secret to making a profit in Flea Marketing is not what or how you sell. It's what you buy and how you buy it! You must find items which will sell for 8 to 10 times more than cost, unless you have really favorable products that will sell in large quantity. The products should be unusual; things which can't be obtained locally, unless the price is substantially below market.
You can get seconds and damaged goods direct from many factories across the country, often at very little cost just to get them out of their warehouse where they are taking up room and gathering dust. Call on the managers in person or send letters offering to purchase factory closeouts, etc. Hand out your business cards letting people know that you are in the business of purchasing various kinds of merchandise.
Auctions, garage sales and yard sales are other good sources. Don't overlook the classifieds in the paper.
Offer to clean out attics and garages and haul "junk" away. Many times the "junk" turns into the most lucrative profit items. You will have to learn to "bargain" with the people on all your purchases in order to get them to sell for a low figure.
Ordinary pine cones, of any size, can be made to look almost exactly like tiny owls simply by adding "eyes" which can be purchased at any hobby or craft shop.
Look in your mailbox. What do you see almost every day? Coupons. Look in your newspaper. What do you see EVERY day? Coupons. It seems like coupons multiply like rabbits. Why? Prices are rising, unlike a majority of people's incomes.
There are hundreds of opportunities in the service arena offering low-cost start-ups and high profit returns. Almost all can be run from home.
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If you have a garage or work building and are willing to learn a craft, upholstering, re-upholstering and/or furniture refinishing would make an excellent home business.
A few years ago it would have been foolish to even consider a sign business unless you were well qualified to hand paint letters and illustrations.
Order 5,000 3 x 6 commission circulars from your printer selling $1.00 items that you earn 50% commission on every order you receive. Have your name printed on them - it will save you hours of stamping time.
People are always interested in saving money. If you can develop a product or service that will help them save, you are almost guaranteed success.
Garage sales are like any other form of business. To get the most money out of your garage sale, you have to know what you are doing. You have to be acquainted with the market, advertise for business, offer competitive prices and quality merchandise.
I would say the most frequently asked question from beginners about opening their own business is "What should I sell?" I then proceed to ask them, "What interests and hobbies do you have?" Most don't know how to answer that question because they ...