Market stalls offer a range of benefits to owners, including an outdoor working environment and the ability to be your own boss. Markets and car boot sales generally have relaxed, natural working environments which have broad appeal. If you’re thinking of setting up a market stall, this guide will help you get to grips with what’s required to succeed in this traditional business area.
Depending on the level of income sought, market stalls offer flexible working hours and may allow owners to leave work earlier to coincide with closing hours. Market stalls also offer a chance to work outdoors in the fresh air, and there’s a distinctly social, community-building aspect to running a market stall that appeals to many people.
They’re also a great way to start on your entrepreneurial journey as there’s a lot to deal with, including supply-chain, stock, book-keeping and other essential aspects of running a business.
Start-up costs are also at the lower end, making them more suitable for first-time business owners.
The location of your market stall is important in order to attract both general footfall and dedicated traffic. Picking the right market is the first choice – some car boot sales or markets attract a certain type of people, who are often looking for a certain product. Make sure your product or range of products will be suitable for the market, and also try to make sure you aren’t treading on an established trader’s toes. Competition can be healthy, but markets can also be close-knit communities. Do your research.
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