Want To Start A Small Retail Business At A Local Marketplace. Any Advice?
I am interested in starting a small retail business at a local flea market. This flea market is not one of those with just tables sitting out in the weather. It is several different buildings with a different store in each, though they due have some covered tables as well. This particular flea market has a hardware store, army surplus store, crafts store, variety store, natural products store, and a couple of others that sell various things. It is located beside a busy road with lots of traffic. I have sold at flea markets before with various degrees of success. I want to start this as a sideline and say how well it goes. I have about three wholesale sources lined up who I have bought from before. I am looking to sell primarly dvds and videos, though I plan to carry other items as well.
How much inventory should I start out with? I don’t have a great deal of money to start with and know there is some risk involved. It is getting close to Christmas, probably missed the busy season.
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DISCOVER HOW TO START EARNING $1,000-$3000 PER WEEK SELLING INTERNET MARKETING SERVICES TO LOCAL BUSINESSES
There is still time left to make some decent money this year.
How much stock you need to start with depends on how easily accessable where you get your stock from is. If it is local and you can pick it up every day, then pick up 2 or 3 days worth of stuff. If it is far away, then keep on hand at least twice the amount you will go through in the time it takes you to get one shipment in. It may be hard to get items in now too if your supplier is not local – with the holiday shipping crush on, unless you order it overnight, you may never see it until next year.