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An Unusual Way to Get Rich – Create a Flea Market Small-Business Empire With Wholesale Products
FACT: Many people make $1,000 a day (that’s $104,000 a year) selling at flea markets and weekend swap meets. (I’ve actually made more than that some days.) Most people think we’re just a bunch of poor people trying to make an extra dollar, and that’s what we want them to think.
What do we know that you don’t? What are our secrets? Could you do it?
Yes. Anyone can sell at flea markets and get rich…and I’ll tell you exactly how right here.
Becoming a flea market seller is easy and affordable. Your expenses are your merchandise and space rent. Daily rent for outdoor space can be as little as $5-$10 per day. Many people start by selling used items and move on to selling brand new items purchased from wholesalers. New items outsell used items two to one and have a higher profit margin.
Most people already have a board or two that they can take with them. In fact, I started my flea market and swap meet business with only $200 and a couple of card tables I borrowed. Now I’m making thousands of dollars every month without fail. (Of course, the more money you have to buy goods, the faster your new business will grow.)
The key is to let your new business grow. Don’t kill it by taking all the profit out of it! I recommend that you have a job or other source of income to cover living expenses for at least the first six months after starting your new business.
There’s an old adage in this business: “The more you have, the more you sell.” Trust me, it’s true! Take this to heart and put all your profits into buying more items so you have even more to sell next weekend.
Who do you think most shoppers go to, the four items sitting there on one card table, or the aisle three aisles away from her that is literally filled with a million different items? If you think you have enough goods, you don’t.
If you use your profits to build your business and buy more items each week, your sales won’t skyrocket after a few months and you can start keeping some of your 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 may want to consider renting space in a flea market building. Yes, the rent for your space will go up a bit, but you’ll have the benefit of heating and air conditioning (comfortable shoppers spend more), as well as a secure enclosure for your tables and goods during the week when the market is closed. .
If your first small business does well, use the profits from it to open another small business at the same flea market or swap meet, selling different types of goods. Expanding is as easy as renting another space and hiring someone to manage it for you. Again, your costs are just the rent for the merchandise and space and whatever you pay for your help. (Be good to them and they’ll be very good to you.) Just like you did with your first business, put the profits back into your second business and let it grow.
The profits of two small businesses allow you to easily open a third small business. Do the same as before and let your third business grow. Put money back into it by buying more items.
Then open a fourth, fifth, sixth small business on the same flea. Not only is it possible, but it’s almost guaranteed that if you do it, you’ll be building your own small business empire in less than a year, and your annual income will be over $100,000 after expenses.
If you simply put the profits back into your first new business, it will grow without a penny coming out of your pocket. Profit allows you to unlock the second, 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 20-30 miles of you where you can do the same thing and multiply your revenue.
If you follow this simple but effective formula, it won’t be long before you can stop selling at flea markets yourself and just become a manager, overseeing your small business empire and stepping in to give your employees time off.
Once you have earned a very good income, consider other ways to invest your money to earn even more profit, such as opening your own wholesale house and selling items to flea market vendors and earn even more.
Flea markets and swap meets are a great place for the average person to start their own small business and become rich by building a small business empire.
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