Swap Meet Success! Making Bank at Your Local Market.

 

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Hey guys, Last week a buddy and I sold a bunch of old clothes and ...
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    Default Swap Meet Success! Making Bank at Your Local Market.

    Hey guys,

    Last week a buddy and I sold a bunch of old clothes and old shoes at a swap meet. When I say old shoes I mean old beat up basketball shoes. That stuff actually sells! It's unbelievable what are willing to pay money for. We were selling things from knives to used undershirts.

    We were at he swap meet for about 10 hours and made about $700 at the end of the day.
    Imagine what it would be if we stayed for the entire weekend till sunset.
    Our booth was so successful that we're thinking about going every couple of weeks.

    While I was there I noticed that one of the best selling items was my sunglasses (sold for $10/pair).
    I'm thinking about buying sunglasses at wholesale then selling them for about the same price.
    Also no one at the swap meet was selling airsoft guns and a lot kids and teens seemed to take notice with one of my airguns I was selling.

    Has anyone been successful at the swap meet?
    Does anyone have any tips or tricks?
    What are some popular niches at your local market?

    Thanks!




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    gritts is offline Junior Member
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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    How much did you pay for your booth out of curiosity?

    Also, I've only done something similar once and one thing I learned is that you definitely need to have a presentable booth and at times, improvise if you're not attracting customers. I brought some extra construction paper with me and experimented with another color sign, and bam, it attracted more people.

    Another thing is to prepare for deals, for example you might have someone who plans on reselling some of what your selling and they may say, what price can you give for the shoes if I buy 10 pairs. You're probably familiar with this already but just throwing it out there for other novices.

    Lastly, research the market! I've been to some that are poorly advertised and in those cases, you won't make much. In others, you can hit bank as you did but then again, you're in a heavily populated area judging from your username/location.

    If you live in a small town with lower income people, you may not be able to make as much profit as well so factor all of these things.

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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    Price for a booth during the month May was $35, which is not bad compared to the prices vendors have to pay in California (upwards of $100).

    Our booth was presentable compared to other sellers. We used fixtures from WallyWorld such as a canopy, tables, and clothing racks a great investment since we plan on going back again.

    What we didn't have was a color sign, but I will definitely have one next time!

    Also for the new sellers it's extremely important to look busy which means no sitting around.
    A busy booth attracts customers. Once a crowd starts to form people will want to know what's so interesting, thus attracting more people.
    Some of my neighboring vendors had good things to sell, but sat around playing with their phone. They failed to communicate with potential customers browsing their wares.

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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    Interesting test would be to offer some people a commission of total daily sales (or even a flat dollar amount) for doing nothing more than appearing to be browsing your booth. You're absolutely correct about the people sitting on their asses playing with their phones. I'll usually just pass those booths right up and move on to the next. In addition, those extra people can serve as extra eyes to make sure nothing is being stolen when you are busy. Another idea, have them actually holding items in their hands so that it appears they are indeed planning on purchasing your stuff. People are followers by nature and if others are buying, they will feel more inclined and comfortable to follow suit. Finally, there is no need to be "salesy." People will ask you questions if they have any!
    Last edited by PoolShark; 05-31-2012 at 10:33 PM.

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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    Hey man hit me up on skype i got alot to share with you. my skype is same as my bhw name.

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    j1300 is offline Banned - see signature
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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    When I was younger my group of friends were going crazy over buying airsoft/BB guns at the flea market.
    This member has been permanently banned from BHW.

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    Dollwin is offline Registered Member
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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    I'm thinking of combining this with sourcing goods from chinese wholesalers/dropshippers. What things do you recommend that sell well?

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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    To add to this at least where I am at. Hardly anyone takes credit cards at the flea market. If you have a smart phone compatible with the square you can offer to take credit cards which helps sell larger items that normally no one has the cash for.

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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    Dollwin.... Do not sell counter fit stuff at the flea markets. I have seen many people get busted. But I know there are other things that are from china.

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    Dollwin is offline Registered Member
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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    I'm not a fan of selling replicas in any fashion. I was more leaning towards unbranded things like toys or clothing or finding legit sellers.

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    neu009 is offline Power Member
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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    I guess ideal in places where you do not have a Chinatown for ppl to get all the cheap stuff themself. So did you just sell your old stuff or actually buy anything? Selling old stuff is always worth it and makes you feel like you can make a killing, but once you actually try to buy wholesale and resell it its another story.

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    Dollwin is offline Registered Member
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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    Well it could be helpful to sell unwanted liquidated stock or returns etc. Would that be more similar to selling your old stuff?

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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    Just got done with Day Two at the swap meet!

    Today wasn't very busy. Usually all the lots are filled, but today only 2 lots (out of 4) in my subsection were filled.
    Had a decent amount of customers, but not as much as last time.
    Laying out the clothes in a folded fashion seems to attract more customers than just putting them in boxes according to size.
    I usually put the best/new clothes on-top. It's a pain reorganizing after a mob messes up your perfectly folded stacks, but it helps keep you busy when no one is around.

    My top items were used shoes, used electronics, and some old PS2 games.
    In the morning neighboring vendors like hunt for bargain lots to resell at their own booths.
    This is a smart tactic if you can find merchandise to resell with good profit margins, but not if you're buying a bunch of my old PS2 games (sucker ).
    FYI: If you plan on reselling video games don't buy any sport games. They depreciate exponentially over the months and have a low replay value.

    I was able to get rid of scrap electronics: Such as a six year old digital camera, home theater system without the cords or remote, old LCD display screen and a broken laptop. Wouldn't recommend buying any electronics at a swap meet unless you can test them on spot.
    It's an unspoken rule that items at the swap meet are as-is, no refund unless otherwise stated.

    In regards to replicas; I wouldn't suggest it. Yes I've sold a couple fake Nikes, but both used and stated that they were replicas.
    If you plan on returning to the swap meet and continuing business at the same venue I wouldn't ripping customers off, not only because it's wrong but also illegal.

    Selling liquidated merchandise is a great idea. I've seen people selling what appears to be overstock or shelf pulled t-shirts.
    This is identifiable by a snip on the sizing/washing direction tags.
    Just be ready for hagglers!

    Another idea that was tested today was buying box lots from garage sales and flipping it at the swap meet.
    Most sellers at garage sales are eager to get rid of as much items as they can (to free up space or get rid of old stuff).
    Offer to buy boxes full of their junk from and garage sellers are usually lenient on pricing.

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    Default Re: Swap Meet Success! Making Bank at Your Local Market.

    where u at bro lol u was supposed to get on skype.


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