What You Need To Know About Vending at Flea Markets
Becoming a flea market vendor is just about the easiest business a person could get into. To you this may seem like a bold statement, but It isn’t and we’ll explain why…
You May Ask: Why is a Flea Market Business the easiest?
- Most flea markets offer an all-inclusive package for rent, Wi-Fi and other utilities.
- Many Flea Markets do their own marketing and have an already built web presence.
- Many of the other vendors will send people to you when you send people to them.
To get started selling at a flea market, one could easily empty their basement of old items and rent a weekend spot to sell them. Very similar to a garage sale, this method may get you used to being a vendor at a flea market. However, that may not last for very long, so we’re going to give you some incite to other items that sell at flea markets.
How to get started selling at a flea market
The great part about becoming a flea market vendor is there aren’t very many start-up fees. Most flea markets offer weekend, monthly, 6 month and 1 year leases. Once you analyze the items that you’re selling and figure the profit you’ll make by selling them, it’s easy to decide what type of lease or rental agreement that will be fitting for you.
According to a few sources on the internet:
83% of vendors financed the start-up costs of their business with personal savings, and 54% of vendors spent less than $1,000 to start their business. If you start small, the only costs are inventory, rent, and maybe some transportation. Source
The majority of established flea markets will typically offer daily or monthly rates at a nominal asking price.
INSIDER TIP #1: If you’ve never sold at a flea market before or as a vendor anywhere else, it might be better to feel it out by renting for the weekend a few times and maybe bring a family member along to share the experience with.
INSIDER TIP #2: If you’re renting for a weekend in an uncovered area, be sure to check the weather for that weekend. We don’t want to suggest only selling on the weekend and have you standing in the rain.
INSIDER TIP #3: Depending on your local or state regulations, you may be required to obtain an EIN Number or (Employment Identification Number) This is so Uncle Sam can take his piece of the action.
Suggestion: We strongly suggest you stay away from perishable food and the sale of animals because it can cause headaches for you in the future. However, as we’ll explain below in some cases services that serve food or fruit stands do really well, just more to maintain.
How do you find things to sell at a flea market?
Many professional vendors spend time attending storage auctions and estate sales. Using your time for these events allows you to obtain items for very cheap. Additionally, you can sell them at either sub-standard or standard rates.
Should you reinvent the wheel?
Knowing what will sell at a flea market is on the top of the list of priorities. Purchasing in bulk a product that won’t sell could put a damper on your flea market vendor parade. Do some research on some hot selling items that year. Then find a place that sells the item in bulk at an affordable rate. In some cases what doesn’t sell, some manufacturers will buy back. However, this rarely happens. Let’s outline some items that have been very popular hot products over the past few years.
- Fidget spinners: A fidget spinneris a toy that consists of a ball bearing in the center of a multi-lobed (typically two or three) flat structure made from metal or plastic designed to spin along its axis with little effort. Source
- As SEEN ON TV Products: There are several people who’re restless at night and can’t sleep and they see infomercials all the time selling products. These companies would love for you to sell their product and would most likely jump at the chance to have you represent their products at your booth.
- Wholesale Magazines: Companies have been around for years selling bulk order shipments like Oriental Trading Magazine and we’re sure you can find others.
- Seasonal and Gift Items: Many people shop around the holidays and they’re always looking for good deals. Renting for the season and selling holiday season products is a winner for sure.
To sum it all up, there are several items you can sell to be a profitable flea market vendor. However, it depends on how you analyze the competition at the market and the flea markets traffic. Many flea markets often have outside vendors that sell vegetables and fruits. This is an easy setup as long as you maintain the fruits and vegies. However, If you’re like me you want to have a successful store with really cool products. They’re out there and they’re affordable, but do your research first.
Stay tuned to The Big Apple Flea Markets Blog. Learn more about everything from repairing watches to being a successful flea market vendor.