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Selling Or Buying At Flea Markets To Make Extra Money
It is almost impossible not to stop at a flea market you see at the side of the road as you are driving. One can never be quite sure what they are going to find and a day at a flea market can provide fun for the whole family.
How many times have you found toys that have been long forgotten at the local flea market?
Many times, children will find all sorts of treasures and the parents love the deals that they find. It also helps to teach children the money that can be saved by venturing to the flea market to find hot deals on goods they would have ordinarily bought at Walmart or some other store.
Selling Or Buying At Flea Markets Can Make You Money
If you’re a regular at your local flea market, have you ever noticed why you see the same vendors selling there week after week? Because a good flea market can be a gold mine for both sellers and buyers!
10,000 Visitors a Day!
Some of the average flea markets across the country can bring in over 10,000 visitors in a single day. If you aren’t making any sales at the flea market, things are not right in the universe!
Take the time to find and visit a local flea market in your area. Anyone can set up a stand and sell pretty much whatever they desire. All you have to do is reserve a spot and pay the fee. Once at the flea market, you can sell any new or used goods you have.
There are some people who will pay whatever you have the item marked. However, there are customers who want to haggle and try to get the best deal possible. In fact, the ability to dicker and negotiate prices are some of the reasons people love to shop at a flea market.
Either way, you are going to find some astounding bargains and make some good money just due to sheer number of people at the market. Besides, you’ll have fun outside mingling with customers and other sellers!
How To Make Money Selling At A Flea Market
The first step is to find a niche or a product that is not being represented at the flea market. You will not have to have brand name merchandise or even new merchandise. People go to flea markets to find unique items at a good price – i.e. to find screaming deals. You have to think about why people are at a flea market and price your items fair. If you price correctly, people are going to buy.
Test The Market With Limited Sales
There are many wholesalers who offer non-name goods at a really good price. Start off with purchasing some of these no-name items and try to sell them for a reasonable profit. You will make some money and become quite popular for having unique items at a decent price. If the items you chose are duds, let them go for cost and concentrate finding things that will sell!
Sometimes finding good items that will sell is a trial-and-error exercise.
Unique Or Common: Make Money And Have Fun No Matter What
Many times, you can find items at flea markets that cannot be found anywhere else. However, you don’t have to fill your stand with odd and unique items to make a profit. People head to flea markets for the pure joy of finding things at great deals. Just keep in mind that you don’t have to fill it with expensive name brand merchandise. In fact, the weirder and rarer things you are able to sell, the better you are going to do.
If you can find something unique and sell it for a great price, you have got it made!
Just be certain that you can acquire enough stock for your stay. Once you have your spot planned out, be prepared to see the sales come rolling in! Believe it or not, it can be quite easy to bring in over $5000 from an established flea market in one weekend!
Many flea markets are wide open with the likelihood of someone selling the same items as you.
Market Research & Location
When you have little to no competition, you can be looking at making decent money. It is always a good idea to do a little market research before you set up shop. See what is selling and how well they are doing. Think about what you could offer at the flea market. In addition, look at what spots are open. It is well worth it to pay the extra money and a get the best location possible where there is the optimal amount of foot traffic.
How To Make Money As A Buyer At A Flea Market
You may also want to consider buying from the flea market as well. If you are going to be selling, you are going to be there earlier than most shoppers anyway, so take a stroll through the vendors. Take the time and see what the other vendors are offering. You may be able to snag some great deals for yourself or to simply resell.
Buy Early, Buy Often, Sell At A Profit
Many times there are people selling for a one-time thing. You can usually offer these people one price and take it all. They love getting the lump sum and leaving with nothing in the car. Remember, there is also EBay, which is wide open for flea market finds!
Buy At The Flea Market, Sell On eBay
If you plan on reselling on eBay, always be on the lookout for counterfeit items and fakes. Try to find items that will not alert collectors. Simple knick-knacks, snowglobes, and decorations can sell quite well on eBay. These are the types of items that can sell very well on the auction site with little preparation – just a good cleaning so they’ll photograph well.
eBay Research Tips
If you’re reselling on eBay, do some price and sales amount research using their database. For example, search for the item you want to sell – check out the quantity and the selling prices. Now, search for how much those items sold for – and if they even sell at all! You can do this by scrolling down a bit on the screen and looking at the left side under “Show only.” Click “Sold listings” and you’ll see all the items that actually sold, and for how much.
Refine Your Search For Better Results
I further refine my search by selecting “Sort: Price: Highest first: in the upper right to see the highest prices, to give you an idea what premium sale prices look like.
Of course, you can always create your own simple e-commerce store and skip paying the high eBay fees. Regardless, you will be bringing in some additional income just by spending the day at the flea market.
Garage Sales and Estate Sales Are Worth Looking Into
Keep in mind that garage sales and estate sales can be real gold mines as well. You really never know what you may find at these. You can make some excellent profit just by keeping your eyes and ears open. Always look in your local paper. Don’t settle for just one flea market, look at all of them in your area. Take a weekend and visit all of them.
These are perfect opportunities for a little bit of family bonding. You get to spend the day together and scout out deals to resell. You never know if you may just find that one perfect location that could change everything!
Flea Markets Not “Sexy” But Can Be Fun And Profitable
Even though buying and selling at your local flea market may not be considered sexy and might be looked at as decidedly low-tech, they can still be a great way to have fun and make some great week-end money.