Tesco, Matalan, Innocent Smoothies and Marks & Spencer are all examples of the multitude of brands which have grown from simple foundations on the market stall.
For self-starters with a passion for selling and a desire to get back as much as they put into a business, starting a market stall is a serious option.
When it comes to selling on a stall, the day job varies enormously depending on what you’re punting and what your ambitions are. Fishmongers, grocers and florists across the land get up at unholy hours to catch the earliest trade.
For others, it’s a lifestyle thing. Some of these will only trade part-time or even just on a Saturday – many clothes businesses work this way, for example.
Many of those who sell only once a week spend the rest of their days producing their goods. While you make your own hours, don’t be surprised if you find yourself up at the crack of dawn and stumbling sleepily into bed late at night.
How much you make and how long you stay on your stand will be influenced by a few factors and you can expect your daily takings to be influenced by the weather, events in your area and the time of year (Christmas can never come too soon for a stall owner).
Regional economies vary and some provide a better income for market stalls than others so it is vitally important to research all the potential plots within your reach to figure out which one has the biggest gap for what you want to sell.
Market stalls have been compared to gambling habits due to the unpredictable nature of your earnings, but you can raise your chances of a decent profit with proper market research.
Figure out what’s in demand and whether it’s being catered for. Is there a gap for the things you want to make or source, and sell? You could even ask around amongst the shoppers and see if they would buy from you if you set up locally.
Starting a market stall brings a lot of options in terms of what you will be selling. If you don’t know what you want to sell, or don’t know where to get supplies from www.thetrader.co.uk has an online stock buying directory with hundreds of wholesales sorted into useful categories.
Other than this, many stall owners utilise dealers, boot sales and charity shops to look for stuff to sell or materials to create new products with.
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Mar 07, 2012 Comments Off on Startup Deals
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