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Why a Flea Market Business? 7 ReasonsWhy

So, what’s so great about a flea market business anyway? Well, let’sgo over the top seven reasons why a flea market business makes so muchsense. Here they are:

It’s a Simple Business

Believe me, I’m not a person who likes complicated stuff. Who is forthat matter? So a flea market business is really quite easy to understandand fairly simple to start. Here goes: you buyflea market items, take it toa flea market, then sell it. That’s basically it. Yes, there are some blankswe need to fill in, but we’ll get to those later in this report. Most anybodycan do it and most people have been to a flea market or swap meet andknow how they work. It shouldn’t be terribly scary for anyone. It issomething you can do, and if you do it right, you will be successful. The realeye opener is that most people don’t realize how much money there is in aflea market business.

Think about the last time you attended a flea market. Were there alot of vendors selling flea market items? Do you think that they do it to losemoney? Of course, not. They are there because they are making money,and some of them make a very decent living selling at flea markets. Theyhave figured it out, and so will you once you finish with this report.

The same goes for those who want to sell food at flea markets. Heregoes: you buy the raw ingredients, you cook or make products, you sellthem. Making food products like popcorn, pretzels, fudge, hot dogs, nachos,bread, ice cream, snow cones, donuts, cheese curds, dried fruits, roastednuts, salsa, I could go on and on. There is no end to the possibilities!

It’s Quick to Get Started

The next nice thing is that it is quick to get started. Now, there are alot of businesses that you can start and they require a lot more preparationand work up front. Retail businesses need a store, “brick and mortar” asthey call it. Manufacturing businesses need a factory. Professionalorganizations need office space. And many of these types of businessesneed employees. That all takes a great deal of time and money to getorganized and get going.

All you need for a flea market business are some flea market itemsand a flea market. I’ve even seen a flea market vendor with just a smalltruck to transport the goods and banana boxes set on the ground fordisplaying the products. It just doesn’t get any simpler than that.

It’s Got Little Risk

Another great aspect of this business is that there is almost no downside. Your initial investment is low, your rental space is low, there is little orno advertising needed. I mean come on, you would have to really try toscrew up to fail at this. Once you get going, and fine tune the products thatyou sell and the prices that you charge, you will only get better and betterresults. Sure, there is always some risk. You don’t wake up in the morningwithout taking on risk. But as business start ups go, this is a business withlittle risk.

It Allows Flexible Workdays

Here’s one of my favorite aspects about this business. It allows meto choose the days that I work. Not only that, it allows me to choose theplaces that I work. How many jobs can do that for you? You do have to beat the flea market on the day(s) they are open, but you can choose whichflea markets to attend. Some have them only on the weekends, some havethem only in the spring, summer, and fall, and some have them several daysa week.

If you want to take time off for a vacation, then go. For that week,you just don’t go to the flea market. The best thing is that you cansometimes vacation in between flea market days and still make money byattending the flea market. That way some of your travel expenses areconsidered business expenses and therefore, deductible for tax andaccounting purposes.

It Provides a High Return on Investment

Ok, so what’s “return on investment”? It is simply a ratio expressed as apercent which shows or indicates how much money you made but takes intoaccount the money you spent to make it. For instance, let’s say you make$1000 on a particular day at the flea market. Let’s also say that you spent$400 on the products that you sold and other expenses like space rental,etc. Your return on investment, or ROI, for that day would be 150%($1000-$400 / $400 x 100). Another way to think about it is that it’s yourprofit (sales minus expenses) for a particular time period, like a day, a week,a month, a year divided by your costs for that particular time period.

So, what can kind of ROI can a flea market business provide? Well that, of course depends, on

“the decisions that you make and the actions that youtake”

. But, let’s say that you can mark up your products 100%. Thatshould be easy and that’s a fairly conservative estimate. So let’s be realisticand not some pie in the sky number. Let’s say that on $1000 of product,you take in $2000. Let’s also say that for every $2000 that you take in, youspend 5% on expenses like, space rental, travel, lodging, meals, someequipment, supplies, and repairs and maintenance, which would amount to$100. So your ROI for that would be 82% ($2000-$1000-$100) / ($1000+$100) x 100. Is that good or bad? Well, over the long term, the stockmarket should yield you about 10%. I don’t know about you, but I wouldtake an 82% ROI any day, given similar risk factors.

It Can Provide You the Opportunity to Travel

Similar to working when you want, a flea market business can provideyou the opportunity to travel. What I have found is that most flea marketerstravel regionally to different flea markets depending on the time of year andwhere they like to be. Folks in the Midwest, tend to stay in the Midwest.But there is no rule that says you have to stay close to home. Usually, thefarther from home you travel the more expensive it becomes, because youare home less often.

But think about it, isn’t it great that you can pick and choose where towork and where to visit. Typically, you can frequent the same markets oryou can expand your range and travel further from home. Coordinating thetrips away from home should be done to optimize the markets that you visitand the days on the road.

It Can Be a Full Time or Part Time Job

Now, for me, I have always had a threshold of $500 a day. If I cannot sellat least $500 a day at a flea market consistently, then I will not attend thatflea market. However, you could possibly have the wrong products for thatparticular market, but usually the markets are pretty much the same, with just a few differences based on location. You will learn those as you go if you pay attention to what you are selling and what others are selling.

So, let’s say you sell $500 a day, for 5 days a week. Certainly you should beat a flea market on the busy days of Friday, Saturday, and Sunday. Justpick two other days of the week and you will still have two days totally off per week. I have found that taking Tuesdays and Wednesdays off worksbest. Ok, back to my example, 5 days a week at a minimum of $500 perday. That’s $2500 per week. Subtract your product costs, assume a 100%

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Why a Flea Market Business 7 Reasons Why

So, what’s so great about a flea market business anyway? Well, let’s go over the top seven reasons why a flea market business makes so much sense. First of all, it’s a simple ... (More)

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