Grow Your Flea Market Business by Changing with the Seasons
While there are many outdoor flea markets that only take advantage of the summer months to sell goods, there are others that continue to operate throughout the year. As a result, these vendors must change their merchandise according to changes of the season. While part of the fun of shopping at flea markets is never exactly knowing what you’ll find, it’s important for shoppers to have a selection of relevant items to choose from. Successful flea market selling takes a good booth placement, people skills and savvy inventory management.
How to Change Your Goods and Services According to the Seasons
If you are planning to sell at your local flea market, it’s important to be as prepared as possible, especially if you are a first-time vendor. While you may occasionally be able to get by with a little improvisation, it’s best to plan ahead, which includes knowing what new merchandise to bring based on the season. If your booth is done right, it can be a great way to promote your business and become a steady source of income.
Here are some effective ways you can adapt your goods and services to change with the seasons:
- Update Merchandise: Make sure your merchandise is tagged in a retail software which will help you quickly identify seasonal products within your range of inventory. Having a clear idea of your current product is critical for maintaining consistent inventory turnover. This will also help you when your products go into storage after the season is over, which can help prevent you from over-ordering or sourcing items you already have in your inventory.
- Prepare Seasonal Supplies: There are four distinct seasons in New Jersey and as a year-round flea market vendor, you must ensure you are well prepared for all of them. For instance, though our flea market usually takes place indoors during the cold weather season, be sure to have a tarp or extra plastic sheets as well as an umbrella on hand. In the warm weather months, when the flea market moves outdoors, don’t forget to pack your sunscreen as well as sunglasses and a hat to keep you protected from the elements.
- Schedule Markdowns: As each end of the season approaches, consider marking down your inventory in order to make room for more appropriate items for the upcoming season. The goal is to maximize turnover while minimizing your loss of margin. Consider how your price adjustments work with consumers and reference the timing and these price points for future seasons.
- Listen to Your Consumers: One of the best ways to stay relevant as a flea market vendor and keep your offerings fresh is to listen to your customer base. There may be a particular product they always ask for that you don’t have yet. Do some research and order a small supply of the items to see how they perform. Adapting your product line by keeping an eye on current trends will ultimately help your business grow.
Set Up Your Own Vendor Booth at NJ’s Best Flea Market