How to make money on market stalls

How to make money on market stalls

Posted: vikspolyff On: 23.06.2017

A market stall is often the first stepping-stone on the road to business success. It's a make or break experience for entrepreneurs wanting to test the future of their whiz-bang product. Positive customer feedback and healthy sales at a market can be enough to turn a side business into a flourishing start-up. Shoppers aren't the only ones you need to impress at a market. Buyers from retail outlets are also on the lookout for new concepts, so it's important to stand out from the crowd.

Founders of the popular Finders Keepers markets Sarah Thornton and Brooke Johnston say a market stall that's visually appealing naturally attracts more customers. By submitting your email you are agreeing to Fairfax Media's terms and conditions and privacy policy. Your stall should have a clear theme and brand. Visit local markets, trade fairs and galleries for inspiration. At any market your wares will be in competition with other those at others stalls. Markets are crowded places where buyers like to take everything in as they walk by.

So put yourself in the shoes of your customers when you set up your space. Place your most striking pieces at eye level and try to arrange your other products so that you have a combination of display heights. Avoid setting up your products so people can only look straight down at your table. This means only the people at the front of your stall will see your pieces during busy times.

Bring your stall to life by going above and beyond, says Johnston. Everyone is looking for a bargain at the market. Stallholders need to reel in the bargain-hunters and convert their cash into a good profit.

Markets, Stalls and Services in North West England

Think about offering multiple price points to attract a range of people and more importantly, bring in the spenders. Thornton and Johnston suggest three main categories of price points: Bread and butter products tempt your customers, while items in the middle range are likely to make the bulk of the income.

Five tips for market stall success

Investment pieces are like the icing on the cake. Just like any business, your stall needs to connect with customers. More traditional ways of connection suit some customers. So make sure you have business cards at hand and if you have an email newsletter, make sure you have a sign-up sheet at your stall. Menu The Sydney Morning Herald News site of the year.

how to make money on market stalls

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