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How to make money with flea markets

By Edited Jan 20, 2016 0 0

Flea markets can be a good source of income if you want to do it long-term or even in the short-term if you want to sell a few miscellaneous items. Many people know what flea markets are but few know how much money you can make by doing it. With the right approach you can make a living buying and selling at flea markets.

Things You Will Need

pen and paper

Step 1

Find the best location. There are plenty of locations where you can pay a small fee to sell at flea market spots. These spots are at various places in town. One of the only fees that you have to pay is rent for your spot but the most important thing in your success is location. You don't necessarily want to choose the location with the most people either. Choose a location with a large amount of customers and make sure the customers are in the 'upper' class part of town.

Step 2

Know where to buy your items. Yard sells are a great place to find items to re-sell at the flea market. You can research the locations of yard sells the day before you go. You can also go to thrift shops to buy clothing, typically these places sell donated clothing for the bare minimum. You can turn around and sell these items for double or triple what you originally paid for them.

Step 3

Buy the right items. Buy items that are in high demand and profitable. Buy items like, baby cribs, pacifiers, certain antiques and other miscellaneous items. You know these items are always in demand and you also know the people selling them at the yard sells no longer need them, so they will be willing to take less.

Step 4

Don't be afraid to negotiate. Whether you are buying or selling, negotiating is very important. The first number is usually not the lowest number someone will take. Always offer them about half of what they ask initially to see their reaction. If they seem upset, immediately go up but not by too much. Just show them that you are willing to negotiate.

Step 5

Only sell on certain days. Thursday through sunday are the busiest days at the flea market. You can spend the other days buying the items that you need to turn around and sell. This will make your timing more efficient.

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Tips & Warnings

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