By Anna Camburn. New vendors come out each season to try selling at the Shipshewana outdoor flea market. They have high hopes mony the season’s start about making a ton of money and growing their business. However, the next week, they’ve pulled out of the market. It breaks my heart to see these wonderful vendors leave because they bring such a variety and freshness to our market. Our flea market definitely brings in the crowds nearly 10, — 15, shoppers come to the Shipshewana Flea Market per week.
1. Choose What Type of Flea Market You Want to Sell At
Business Ideas Tool. You have found the perfect business idea, and now you are ready to take the next step. There is more to starting a business than just registering it with the state. We have put together this simple step guide to starting your flea market. These steps will ensure that your new business is well planned out, registered properly and legally compliant. A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:. The cost of starting a flea market can range from a few hundred dollars for just licensing and permits to tens or even hundreds of thousands of dollars for a permanent indoor market. Most new flea market owners begin by renting vacant land or a parking lot by the day or hour.
Hi Rob! Thanks for taking the time to chat today. For people not familiar, explain the basics behind flea market flipping for us.
Depending on the size and location rents range in price from less than a hundred dollars to thousands. Schools gymnasiums are also usually available on the weekends and when school is not in session for an inexpensive fee. No matter the location, it needs to be legal to hold a flea market on the property. Flea markets often provide or rent tables and tents to vendors. Owners who want to offer these amenities can either purchase them outright if they have the budget and space to store them or contract with an outside rental business. Permits for flea markets frequently require access to restrooms, particularly if food is available. This means you must provide porta potties if there are no permanent facilities.
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Flipping started as a way for them to make extra money and has since become their full-time job. I had the opportunity to sit down recently with Rob and get to know his business a little bit better. Flipping is a term that describes purchasing an asset at a lower cost in one market and then selling it at a profit for a higher price in another market. The most familiar type of flipping is with real estate, but this can be done with other items as well. In our case, we do it with items we find at flea markets, thrift stores, auctions, and yard sales.
2. Find a Good Location
I’m dedicated to helping millennials and young entrepreneurs grow their businesses and dominate their personal finances. Flea in french is Puce, the phrase flea market comes from France when back in the days, the «marche aux puces» was infested with fleas. You would spell it «flea market» rather than «flee market. I use eBay every day, but more to sell than to buy.
Hi Rob! Thanks for taking the time to chat today. For people not familiar, explain the basics behind flea market flipping for us.
See our joney page for more information. Flee markets also attract a lot of people who are looking for collectables or items to sell at online auctions, so mae not investigate these and try to sell. We wanted to create something that could take someone through the whole process from starting their eBay and PayPal accounts to finding good items to sell to creating a substantial income for themselves. The same goes with home decor items. Since our income and expenses lfea so much month-to-month, this is an area we are constantly working on. Since we live in Florida, people from up North would move here to retire all the time. They seek them out and go with the intention of shopping and getting a great deal. It’s always better to go in with a good product that people want.
How long have you been flipping for?
Flipping started as a way for them to make extra money and has since become their full-time job. I had the opportunity to sit down recently with Rob and get to know his business a little bit better. Flipping is a term that describes purchasing an asset at a lower cost in one market and then selling it at a profit for a higher price in another market.
The most familiar type of flipping is with real estate, but this can be done with other items as. In our case, we do it with items we find at flea markets, thrift stores, auctions, and yard sales.
Rob and Melissa pictured with their two little girls. I have been flipping items for profit for over 20 years. I was right there with the beginning of eBay and all the changes with it over the years. As a year-old, I wanted to start making some income on my own to spend for fun!
I still love to spend my money on having fun. I come from a large family with seven kids I have six older sisters! My mom started selling some baby clothes and dolls in the classifieds so I thought I could do the same thing with other items.
I started with Nordic Tracks. Since we how much money can you make at a flea market in Florida, people from up North would move here to retire all the time. I did this over and over again and it was great money for a year-old! I like the interesting and weird ones but will sell almost anything that will turn a profit. I like commercial equipment when I can find it at a good deal. Exercise equipment, kitchen equipment, medical equipment, patio furniture, kid items, and boat equipment are all types of things I usually like to.
It has something to do with magnetic therapy, but that is all I know. I like to find nice cooktops, microwaves, and ovens to resell. I use eBay every day, but more to sell than to buy. Currently, I have two favorite sources: the flea market and the app Offer Up. I can find great deals both in person and online. I do sometimes hold onto things for a while and wait for the right person to buy it.
My items are a little different so it usually takes someone who is specifically looking for that item. I have sold a few random items. One crazy one was a prosthetic leg. I love fast turnarounds, but then it made me think that I sold it too cheap. Another random item was a commercial lobster tank.
It was round and looked like a big cotton candy machine. I thought it was funny that I found a lobster tank because we go catch lobster every year down in the Keys. It seemed fitting to keep the tank, but I would prefer the income. Last September was our biggest flip to date. It was a fantastic profit! This is an ongoing discussion that we. She never minds it when they sell. We talk about the big purchases and if she feels really strongly against it, I do my best not to go through with it.
We discuss our budget and try to figure out what is allotted to spending that month. Since our income and expenses fluctuate so much month-to-month, this is an area we are constantly working on.
The best part about this as a business is you can do it as a side hustle and have a really low start-up cost. There are even ways to get items for free. I consistently visit our local flea market and thrift shops weekly. I do it to find those treasures to make money, but I also do it because I really love it.
Consistency and passion and hard work are all important, but that being said, I am the opposite of a workaholic. I like to play too. This is why having my own schedule works so well for me. I would say that shipping can be one of the biggest hurdles for most people. It can be very intimidating when starting out, but it is completely doable. Last year I started shipping out some larger items, and it made a big difference in our sales.
Since I could ship these instead of just local pick up, I could sell large items more easily. I also wrote an e-book recently all about shipping large items. I think it may be the one thing that keeps most people away from doing this as a side hustle. My wife and I created it in to help people who want to get started making money flipping as a side hustle but needed some help to get going.
We wanted to create something that could take someone through the whole process from starting their eBay and PayPal accounts to finding good items to sell to creating a substantial income for themselves. I have always done this as a hobby on the side, but never really kept track of sales. I’m dedicated to helping millennials and young entrepreneurs grow their businesses and dominate their personal finances. From simple side hustles to full fledged startups, Breaking The One Percent is all about giving you the tools and insights to break through and start earning real money and, more importantly, create real impact.
Awesome to see two of my favorite bloggers here! I would love to flip flea market or thrifted items, but I would really love to know the value of antiques. I never knew flipping thrift store items is a lucrative business. Flea market flipping is a great way to make money, especially now that we have the internet at the tip of our fingers. It is so simple to search item values on our smartphones and have a good idea of what is worth purchasing before making the purchase.
Thank you for sharing information on this lucrative opportunity! I did enjoy this articular. I am interested in your input. Do you buy internet marketing packages for your eBay store??? Your email address will not be published.
This post may contain affiliate links. See our policy page for more information. Jeff Proctor. Heather bizewife August 7, at pm Awesome to see two of my favorite bloggers here!
Sienna Crockett September 12, at pm This is such great stuff, thanks for sharing! Chris Skierski March 10, at am Great article! Trinity Owen September 13, at pm Flea market flipping is a great way to make money, especially now that we have the internet at the tip of our fingers. Patricia February 2, at pm Thanks for the information. I am a newbie and I am reading all I. Lynette April 14, at pm I did enjoy this articular. Leave a Reply Cancel Reply Your email address will not be published.
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Looking to start flea market flipping from the ground up, or to improve how you currently sell at flea markets? This article provides all the helpful information you might be looking for about making money selling at Flea Markets. It looks how anyone can make money from flea market flipping, how it works, what to sell, where vendors buy their merchandise, and a lot. First, this mostly falls into how to make money offline, not online.
1. Choose What Type of Flea Market You Want to Sell At
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