An unusual way to get rich: create a small business empire in the flea market with wholesale products
FACT: Many people make $1,000 a day (that’s $104,000 a year) just by selling at weekend flea markets and swap meets. (In fact, I’ve earned more than that on some days.) Most people think we’re just a bunch of poor people trying to make an extra dollar, and that’s exactly what we want them to think.
What do we know that you don’t? What are our secrets? You can do it?
Yes. Anyone can sell at flea markets and get rich…and I’m going to tell you exactly how here.
Becoming a flea market vendor is easy and affordable. Your expenses will be the cost of your merchandise and the rent of the space. Daily rental for an outdoor space can be as low as $5-$10 per day. Many people start by selling used items and move on to selling new items purchased from wholesale companies. New items outsell used items two-for-one and have a higher earnings ratio.
Most people already have a table or two that they can take with them. In fact, I started my flea market and swap meet business with just $200 and a couple card tables I borrowed. Now I make thousands of dollars every month without fail. (Of course, the more money you have to buy merchandise, the faster your new business will grow.)
The key is to let your new business grow. Don’t kill him by taking away all the profits! I suggest that you have a job or other source of income to cover your living expenses for at least the first six months after starting your new business.
There is an old adage in this business: ‘The more you have, the more you will sell.’ Trust me, it’s true! Take that to heart and put all your profits toward buying more merchandise, so you’ll have even more to sell next weekend.
Who do you think most shoppers will go to, the guy sitting there with four items on a single card table or three spaces across the aisle loaded with literally millions of different items? If you think you have enough merchandise, you don’t.
If you use your profits to build your business and buy more merchandise each week, it won’t be more than a few months before your sales increase rapidly and you can start pocketing some of the profits without killing them.
If you live in a northern climate that is cold in the winter or a southern climate that is hot and humid in the summer, you might consider renting space inside a flea market building. Yes, the rent for your space will go up a bit, but you’ll have the advantage of heating and air conditioning (comfortable shoppers spend more money), as well as a secure enclosure for your tables and merchandise during the week when the market is closed. .
Once your first small business is up and running, use the profits to open a second small business at the same flea market or swap market, selling a different type of merchandise. Expansion is as simple as renting another space and hiring someone to manage it for you. Again, your costs will only be merchandise and space rental and whatever your help pays for. (Be nice to them and they’ll be nice to you.) As with your first business, return the profits to your second business and allow it to grow.
Profits from two small businesses will allow you to open a third small business with ease. Do the same thing you did before and let your third business grow. Put the money back by buying more merchandise.
Then he opens a fourth, a fifth, a sixth small business in the same flea market. It is not only possible, but almost guaranteed that if he does it, he will create his own small business empire in less than a year and have an annual income of over $100,000 after expenses.
If you just put the profits back into your first new business, it will grow without having to take a penny out of your pocket. The profits will allow you to open a second, a third and so on. You don’t need a small business loan to get started.
Plus, you’re not limited to just one flea market or swap meet. There may be other markets within 20 to 30 miles of you where you can do the same thing and multiply your earnings.
If you follow this simple but effective formula, it won’t be long before you can quit selling at flea markets and become a manager, overseeing your small business empire and stepping in to give your employees breaks.
Once you’re making a very good income, consider other ways to invest your money for even more profit, like opening your own wholesale house and selling merchandise to flea market vendors and earning even more.
Flea markets and swap meets are a great place for the average person to start their own small business and get rich by building a small business empire.
