How to make money at the flea market

How to make money at the flea market

Posted: soykino On: 21.06.2017

Earning extra money can help just about anyone deal with the pressures of trying to make ends meet these days. If you have a job, even a good job, getting a pay raise has been tough over the past few years. It may be a cure for a specific financial problem like getting out of debtor it may be the way to get ahead long term.

And even better, it can be fun and fulfilling too! My own experience comes from something I did for several years…making money at the flea market.

Many people are just interested in a weekend project to sell some of their old things and closet fillers to declutter and earn money at the same time. For me, it was more than that. The truth is, many of the merchants are there every week of the year, and are in their own business. But the side hustle start is what really caught my eye. My success at the flea market was really amazing. During one fall season, I sold leather and suede jackets that were returned to the manufacturer from retail stores simply because they had too many in stock.

I was fortunate to find the right resource. Visit several area flea markets and witness for yourself the activity there. Think about all the facets of making money at the flea market before you commit to it. What kinds of side hustles have you considered to help you make extra money? Have you ever considered selling at a flea market?

Image courtesy of IseFire on flickr. Part of the joy comes with getting rid of stuff and the rest is the extra cash. Holly ClubThrifty recently posted… How Rich People Go Broke. Making money by getting rid of clutter is definitely a win-win, not only for you, but also for those getting the bargains.

Thanks for stopping by! I have used yard sales, and online to sell our used stuff.

how to make money at the flea market

Sounds like this was a great side hustle for you. Brian Debt Discipline recently posted… Interview Series: Your area has some of most successful flea markets around and it might be a great activity for both you and your kids to consider. Having a family member help is usually fairly inexpensive and takes some of the workload off.

Thanks for your comments, Brian. I think working at a flea market would be so dangerous for me — I really love them. I could see all my income going right back into the market.

Mel, that is a danger. You wind up often shopping during the course of your time there and buying something you may not really need. Interestingly enough, when I worked for major retailers, I found that I did that very same thing: I always wondered if they made good money at the flea market. They must because a lot of them are there every week! We have talked about doing this side hustle but have never entered in.

Mainly because we have no where to store the merchandise. I love the strategic tip. One last chance to get rid of our stuff before winter. Not only are they at one flea market, but often they have several markets they sell at.

One man that I knew dressed as if he were homeless not kidding and at the end of the day, drove home in his brand new Mercedes Benz. I know people that have made money flipping stuff they find at flea markets, but never the other way around.

FF Femme Frugality recently posted… Affordable Carpal Tunnel Relief. Some of the vendors specifically look for items that they know have value and are being sold on the cheap such as an antique. You need a little bit of expert knowledge to be able to do that well. Because of my experience in retailing, especially as a buyer, I knew of many local companies that were looking to liquidate merchandise. Thanks for your comments. The good sellers seem to almost embrace flea-marketing as a lifestyle.

Mrs Groovy recently posted… Do You Know My Good Friend Marsha? The brothers had a good thing going! Who do not wants to earn extra money; all of us indeed look for the ways to have our income growth. Here, how to make money at the flea market will see in details about scottrade stock trading flea market and how you can have your income doubled and tripled in days with it which is actually not possible with a private job.

Raj financeclap recently posted… Benefits of Increasing Your Credit Limit. Thanks, Raj, for your comments. Let me know if you give it a try. Glad you mentioned about the storage units. I see that countries where forex trading is illegal another great opportunity to flip valuable merchandise and turn it into cash.

Thanks, Jack, for your comments.

Selling at Flea Markets - How to Make $1, a Day Selling at Flea Markets!

A very good point made here. Here in India, people shy away from flea markets as if it is only for the poor people. I believe one needs to come out of this mindset and do something out of the box. Stock options share split can really make some money by spending some time in flea market.

Thank you for writing this post. Financial Advisor recently posted… SIP or Lumpsum Investments. I appreciate your comments and hope that people will take your advice. I love going to flea markets.

There is definitely great potential in making good money buying items, refubishing them and flipping for a really good profit. Depending on the area you live in, this can really be a great full time income. Lisa recently posted… Saving Money Made Easy. Even if you only do it as a supplement to your full-time income, it can still be rewarding and also a fun thing. Your email address will not be published.

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Selling at Flea Markets: Here’s How to Get Started

There is some timing involved as some seasons are better than others. Flea markets are best in summer for foot traffic and customers, but the biggest dollar sales are in autumn and Christmas season. September is the perfect time to begin the side hustle of flea marketing because you can expect to make the most money. To be legal, you need a license to sell and collect sales taxes.

how to make money at the flea market

You are responsible for state sales taxes and federal income taxes. Most vendors form businesses as sole proprietorships. Information about all of the requirements is available through your state government. Markets operate in all weather and usually start their vendor set-up early in the morning before sun-up. The business hours are often 7 am until 3 pm, best rated stock brokers it is worth it to be out there the whole time, but the best selling times are mid-morning to early afternoon.

You can simply rent the space from the flea market either weekly or monthly.

10 Things Flea Markets Won't Tell You - MarketWatch

Keeping the same location is a real advantage for you. Customers will want to be able to find you again and again. What you sell is up to you. The best way to make money is to find a source of goods that is willing to sell to you at wholesale prices. Factory outlets are a good starting point. Some will have overstocks, discontinued items and returns from stores and they are willing to sell cheaply to vendors like you. As long as they are in good condition, branded items are always a good seller at these venues.

You will need a vehicle to pick up, transport, and return your unsold products to your home or storage space. You will need to estimate what your weekly expenses will be like the cost of the merchandise, the rental space, tables, transportation, gasoline, and supplies so you can plan the retail prices you charge to insure you are making a profit.

Since I had a long retail background, I was able to do this quickly. Keep accurate records of your costs and sales. Try to pick items where the profit on each sales is in dollars and not cents. Consider items that you will want to sell that are basics or in high demand if you intend to sell them every week. Also consider related add-on items to sell with your primary items to increase your sales. Think about your display and how it will look to your potential customers. You will need signage with prices unless you like haggling over every penny!

Always make it easy for the customer to buy. Also consider your exposure to the sun. Strike a balance when it comes to interacting with your customers. You want to be friendly, but not so friendly that you drive them away when they first start looking.

Be prepared for hagglers. No matter how low your prices are, and even if you have signs and price stickers, someone will always want to pay less. Of course, a little wiggle room is fine, but some people take it too far.

Know ahead of time what the sale is worth to you.

One day I asked the vendor at the second table about this, and he confessed that the first table was staffed by his brother. Always showcase your wares to look like a great deal. Make your presentation effective and appealing. Often people set up boxes making customers rummage through them as if it was simply garbage. About Gary Weiner Super Saving Tips Over the last 45 years I've worked in retail department stores and supermarkets and financial planning.

In addition, I am a shopper, born and bred, who enjoys the challenges of finding the best items for the best prices. When I'm not busy saving money or writing here at Super Saving Tips, I enjoy baseball, music, and classic movies. I am retired and live in New Jersey with my wife. Holly ClubThrifty recently posted… How Rich People Go Broke Reply. Gary Weiner Super Saving Tips February 25, at Brian Debt Discipline September 16, at 6: Free to Pursue Reply.

Gary Weiner Super Saving Tips September 17, at 4: Mel brokeGIRLrich September 17, at 2: Vickie Vickie's Kitchen and Garden September 17, at 5: Good luck with your garage sale!

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Jack September 21, at 1: I love a good flea market. Gary Weiner Super Saving Tips September 22, at 6: Financial Advisor September 23, at 4: Gary Weiner Super Saving Tips September 24, at Lisa October 5, at 6: Lisa recently posted… Saving Money Made Easy Reply. Gary Weiner Super Saving Tips October 6, at Leave a Reply Cancel reply Your email address will not be published. About Contact Terms of Service Privacy Policy Copyright Super Saving Tips, LLC.

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