Garage Sales & Flea Markets .vs. Mega Retailers

[Thunder]

You might want to spend some time at this site:
http://www.okcommerce.gov/Commerce/A...sked-Questions

Yeah, I got that one along with some other sites I've been reading.

[Thunder]

Most often businesses and companies have extremely high profit margins resulting in higher prices until they become more established with steady sales then possibly reduce prices at a later time. Does that also apply to businesses at flea markets? A lot of people go to flea markets for everything and primarily because of the lower prices, but not all of the stores are cheap. I have seen some expensive things at the flea markets.

What is your recommendation on profit margins when selling at a flea market? Do you suggest higher profit margins to be able to order more things quickly or lower profit margins to build up the establishment and raise prices as time goes on?

Do you think the customers take into consideration the costs to bring items into the store, such as shipping?

[Matt]

Business Plan:
1. Do that tax stuff, "just to be safe."
2. Work for myself to make $1.67 an hour.

Sounds like a solid business plan to me!

[kevinpate]

... Do you think the customers take into consideration the costs to bring items into the store, such as shipping?

No. Folk decide purchases on a balance of want/need and available $. Some get their brains overuled by their wants fairly easily. Others are more cautious.
By and large folk don't really care what your issues are regarding acquisition, transportation taxes and other overhead items.

[Thunder]

I went up to Golden Goose in MWC on NE 23rd and Douglas only to discover several surprises. Last time I was there, the market was in the whole building and inside was split in half. Now the Mary's Swap Meet (flea market) moved into the northern half while Golden Goose expanded more southern (big building) and then another huge section. So, there is like two flea markets in one building and its all huge! I'd say it is so much better than Old Paris, because it is cleaner and..well..see for yourself. :-O

So, I went up there to check on the prices and availabilities. 10x12 for $160 monthly, 8x12 for $150, and 6x12 for $140. I dunno Old Paris prices, but I heard they are sky high, so I decided to go with Golden Goose after seeing the 8x12 booth I really like. He gave me this weekend free, so I have time to set up. We also have access on Friday and Monday to do what we need, so Monday will be the day when I get busy.

I was told that I can do whatever I want with the booth on a monthly term, so here is the plan. Bottom half of the walls is a nice green, so I will leave that alone. The upper half, the white peg boards, I will paint that beige/tan. I got the 3 tables and rug in there right now. I got shelves and another piece of nice furniture, too. Also a mini desk for my register/office area.

SO HAPPY!!!! Thunder's Paradise coming to life! They asked me what I'm selling. I said Palm Trees. It impressed them. :-D

[metro]

Is palm trees all your selling?

[BBatesokc]

Is palm trees all your selling?

with matching handmade pot pads.

[Thunder]

Is palm trees all your selling?

And some random things.