How To Make Extra Money Selling At Flea Markets

In a bad economy people tend to scramble to stay afloat financially until the tide turns, and unfortunately many attempt get rich quick schemes that can give frustration as the main profit. Flea Markets are great sources of extra income in any economic environment, and it is usually a pretty simple process to become a flea market vendor in most areas of The United States. In most places selling at flea markets is as easy as taking your wares to the flea market, paying a fee for a space and table, and you can start selling immediately. The key to selling successfully at a flea market is location and weather, a bad location at an outdoor flea market on a rainy day is certain doom in the area of making a profit - you might as well stay home.

In a large metropolitan area there are most likely a dozen or more flea markets operating, and an important aspect in turning a profit is to choose a flea market with low fees and high traffic volume. It also pays when selling at a flea market to be familiar with what is being sold and the price ranges for merchandise at the flea market you have chosen to sell at. Being the 97th vendor selling housewares at a given flea market does not increase your chances of profiting, however, if you are the 2nd of two vendors selling the same items at a flea market with 500 vendors you are probably in very good shape.

Regardless of what you are selling at a flea market, it is important to approach the venture as a business. Remember this is all about making money in a sales setting, and everything from the quality of your goods, to the price, to your own personality when selling will be scrutinized by every potential customer. Even if you have never sold anything in your life there are a few simple rules to success - be polite, pleasant, helpful, and informative. Give each potential customer your full attention without making them feel like they are being mugged. If you can make each customer walk away feeling like they have received a good deal, odds are they will make a purchase from you again at a later date. Flea Market vendors have residual customers the same as regular retail stores, just without the overhead.

It is a basic rule of flea market economics for customers to haggle with vendors over the price, so don't be thin-skinned at a offer you find insulting to your intelligence. Make a counteroffer, negotiate to move your merchandise. There is little logic in refusing to lower the price on an item that has been sitting in your basement for 8 years by a dollar or two to enable a sale. This is not to say you should feel cheated after reducing a price, but it is the nature of the flea market game, and if you are to win at it you need to be flexible and creative.