Here is one of the easiest small business start-ups.
Have you ever grown tired of working for someone else and thought about starting your own business and going to work for yourself?
Many people have, only to give up on the idea after finding out how complicated or expensive it can be.
Are you one of those who about to give up on making money on your own because you can't get your hands on the start-up funding you need, or because you don't have the skills or education that running your own small business requires?
Here's some good news: flea markets and swap meets may just be the answer for you.
There are many benefits of selling at flea markets and swap meets.
First, there is no educational requirement to run this type of business. If you can count to ten, you can do this.
Second, the start-up costs are extremely low. This may be the most affordable business to start.
The best benefit is you can keep your weekday job while starting up your business on weekends.
Flea markets and swap meets are, for the most part, weekend events.
Many vendors began small, put most or all of the profit back into their new business by purchasing additional merchandise and let their business grow to the point where they are earning more than their full-time job during the week.
In many cases it won't be long before you can consider leaving your weekday job altogether, unless you want to keep it for the insurance benefits.
There are only a few things you need to start your business as a flea market vendor.
The first thing a flea market vendor needs is merchandise to sell. How much money do you have to buy merchandise? If you can make a bit of investment, that's great, but a large investment is not necessary to start. I began with only $200 and now earn thousands per month.
If you don't have the money to fund your small business start up, you can begin by selling no-longer-needed items you already have.
You may also find free items to sell from "free" ads around the Internet, such as Craigslist or in your local paper. You can then use the proceeds from those items to start buying merchandise from other sources for your business.
As your profits grow, so will your inventory. The more merchandise you have to offer, the more sales you will make each day.
You will need a place to store your merchandise during the week when you are not selling. Do you have a garage or shed? What about a spare room or a closet? How much space you need will be determined by the type of goods you choose to sell.
Refrigerators take up a lot of room. Will you be able to store a lot of large items or will you need to stock a line of smaller goods? You might have a lot of space to store your goods when you are selling locally but if you decide to travel to nearby events you will have to be able to store your goods at that location.
That brings us to transportation.
You will need a way to transport your goods. If you have limited transportation, you will want to stock smaller goods to begin with.
Jewelry takes very little space.
You might already have a trailer that will hold plenty of merchandise and will be suitable for storing goods on the road as well. Consider your transportation before buying a lot of merchandise that will become a problem getting to and from sale venues.
As your business and profits grow, you will be able to afford more accommodating transportation and storage for your merchandise.
Most vendors own large cargo vans and tow enclosed trailers, as they not only have merchandise but also displays, awnings, tables, etc.
Once you get to a show, you will need a place to display your wares. A display can range from a simple folding table and chair to elaborate glass cases and shelving. Just as with your merchandise, you can start with what you already have available and work up to the beautiful show-stopping mini-universe of your own.
As your business grows and you gain experience you will learn what types of displays draw the best crowds and sales and you will be better able to buy what is needed as you learn. You can go out and buy some elaborate cases to start with, but you may find out that a less expensive display would have worked better.
Remember - you don't need to spend a lot of cash to start out. Give yourself time to learn the ropes before you invest in items that seemed like a good idea but turn out not to be. And keep in mind everything must be portable.
Other than your merchandise, your only other costs will be space rent and a business permit, but they are quite affordable.
You will need to pay for your booth rental. How much you pay will vary a bit from show to show. You can expect to spend a very low end of $5.00 to $50.00 or more for a space. You may need a large space or, if the spaces are small, you may need to rent two or three spaces each day.
If you don't have a lot of money for space rent, you will simply want to find a market that has a space rental fee that you can afford. A high fee doesn't need to put you out of the running. There will always be another flea market or swap meet down the road that may have lower space rental fees.
Many people work without them but if you are going to be in business you really should get a state resale license (tax permit). Uncle Sam will want his cut, which is the sales tax on the items you sell. Essentially, the state wants you to collect the sales tax from the customer at that time of sale, just like any retail store does, and then send it to the state once every three months. You can get your permit through your local Tax Revenue Office.
The price will vary from state to state. In some states it costs as little as $12.00 per year and they hand you the permit within minutes after filling out the short application. Some states will mail the permit to you and it could take as long as six weeks before you receive it.
Certain states require a refundable deposit, while some do not. Mississippi requires a $300 deposit while Colorado requires a $50 deposit. Arizona requires no deposit at all.
To find out how your state does it, contact the state Department of Revenue.
Some flea markets will not require you to have your own permit, instead allowing you to sell using theirs, and you submit the tax money to the flea market office at the end of each day. They will send it to the state.
Starting and operating your own successful flea market or swap meet business is delightfully inexpensive and uncomplicated. But don't let the ease of set-up make you think there is no money in it.
Many of the people you see selling their wares at flea markets and swap meets are earning more money working for themselves on weekends than most people do putting in 40-hour weeks working to make someone else wealthy. Many flea market vendors earn $500 per day and more, and always get paid in cash.
Discover even more in this free report at http://www.allenfarlow.com
Rather than working for a paycheck and making someone else rich, starting your own business, especially this type of business, is one way to put yourself on the fast track toward financial success.
Many people have, only to give up on the idea after finding out how complicated or expensive it can be.
Are you one of those who about to give up on making money on your own because you can't get your hands on the start-up funding you need, or because you don't have the skills or education that running your own small business requires?
Here's some good news: flea markets and swap meets may just be the answer for you.
There are many benefits of selling at flea markets and swap meets.
First, there is no educational requirement to run this type of business. If you can count to ten, you can do this.
Second, the start-up costs are extremely low. This may be the most affordable business to start.
The best benefit is you can keep your weekday job while starting up your business on weekends.
Flea markets and swap meets are, for the most part, weekend events.
Many vendors began small, put most or all of the profit back into their new business by purchasing additional merchandise and let their business grow to the point where they are earning more than their full-time job during the week.
In many cases it won't be long before you can consider leaving your weekday job altogether, unless you want to keep it for the insurance benefits.
There are only a few things you need to start your business as a flea market vendor.
The first thing a flea market vendor needs is merchandise to sell. How much money do you have to buy merchandise? If you can make a bit of investment, that's great, but a large investment is not necessary to start. I began with only $200 and now earn thousands per month.
If you don't have the money to fund your small business start up, you can begin by selling no-longer-needed items you already have.
You may also find free items to sell from "free" ads around the Internet, such as Craigslist or in your local paper. You can then use the proceeds from those items to start buying merchandise from other sources for your business.
As your profits grow, so will your inventory. The more merchandise you have to offer, the more sales you will make each day.
You will need a place to store your merchandise during the week when you are not selling. Do you have a garage or shed? What about a spare room or a closet? How much space you need will be determined by the type of goods you choose to sell.
Refrigerators take up a lot of room. Will you be able to store a lot of large items or will you need to stock a line of smaller goods? You might have a lot of space to store your goods when you are selling locally but if you decide to travel to nearby events you will have to be able to store your goods at that location.
That brings us to transportation.
You will need a way to transport your goods. If you have limited transportation, you will want to stock smaller goods to begin with.
Jewelry takes very little space.
You might already have a trailer that will hold plenty of merchandise and will be suitable for storing goods on the road as well. Consider your transportation before buying a lot of merchandise that will become a problem getting to and from sale venues.
As your business and profits grow, you will be able to afford more accommodating transportation and storage for your merchandise.
Most vendors own large cargo vans and tow enclosed trailers, as they not only have merchandise but also displays, awnings, tables, etc.
Once you get to a show, you will need a place to display your wares. A display can range from a simple folding table and chair to elaborate glass cases and shelving. Just as with your merchandise, you can start with what you already have available and work up to the beautiful show-stopping mini-universe of your own.
As your business grows and you gain experience you will learn what types of displays draw the best crowds and sales and you will be better able to buy what is needed as you learn. You can go out and buy some elaborate cases to start with, but you may find out that a less expensive display would have worked better.
Remember - you don't need to spend a lot of cash to start out. Give yourself time to learn the ropes before you invest in items that seemed like a good idea but turn out not to be. And keep in mind everything must be portable.
Other than your merchandise, your only other costs will be space rent and a business permit, but they are quite affordable.
You will need to pay for your booth rental. How much you pay will vary a bit from show to show. You can expect to spend a very low end of $5.00 to $50.00 or more for a space. You may need a large space or, if the spaces are small, you may need to rent two or three spaces each day.
If you don't have a lot of money for space rent, you will simply want to find a market that has a space rental fee that you can afford. A high fee doesn't need to put you out of the running. There will always be another flea market or swap meet down the road that may have lower space rental fees.
Many people work without them but if you are going to be in business you really should get a state resale license (tax permit). Uncle Sam will want his cut, which is the sales tax on the items you sell. Essentially, the state wants you to collect the sales tax from the customer at that time of sale, just like any retail store does, and then send it to the state once every three months. You can get your permit through your local Tax Revenue Office.
The price will vary from state to state. In some states it costs as little as $12.00 per year and they hand you the permit within minutes after filling out the short application. Some states will mail the permit to you and it could take as long as six weeks before you receive it.
Certain states require a refundable deposit, while some do not. Mississippi requires a $300 deposit while Colorado requires a $50 deposit. Arizona requires no deposit at all.
To find out how your state does it, contact the state Department of Revenue.
Some flea markets will not require you to have your own permit, instead allowing you to sell using theirs, and you submit the tax money to the flea market office at the end of each day. They will send it to the state.
Starting and operating your own successful flea market or swap meet business is delightfully inexpensive and uncomplicated. But don't let the ease of set-up make you think there is no money in it.
Many of the people you see selling their wares at flea markets and swap meets are earning more money working for themselves on weekends than most people do putting in 40-hour weeks working to make someone else wealthy. Many flea market vendors earn $500 per day and more, and always get paid in cash.
Discover even more in this free report at http://www.allenfarlow.com
Rather than working for a paycheck and making someone else rich, starting your own business, especially this type of business, is one way to put yourself on the fast track toward financial success.
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