Offline Business

Hey All,

Today i have found out that I can get a stall for free in my local in door market however it is more like a mini shop than a stall.

All I have to start something within this is $1,000, what business would you reccomend, I am planning on leaving my job (low paid) and persuing my own business.

Thanks
Lee

Where are you?
Can you stall/shop get net access?

What is your audience like? The demographic I mean.

I am based in the UK and yes the stall has net access.

Just the usual shoppers to be honest. Really stuck for an idea and this is a big chance.

Thanks
Lee

Hell Lee

I would start by visiting the stall for a few weeks and getting a feel for who they are and what they're looking for. Talk to some of the other vendors and see what the average sale is.

Watch for where the people tend to go. Which vendors seem to get a lot of business and which ones people tend to ignore. What seems to be in demand?

What kind of neighborhood is it in? Upscale or middle income? How much are they willing to spend there? What kind of bargains are they looking for? What do you see them leaving the stall with?

Before starting a business you need to do some research. Talk to as many vendors as possible. Then you can get an idea of what to offer.
You could do something as simple as lead generation for local businesses or do surveys. This wouldn't require any investment besides the table and chairs and some printing.

Good luck!

Seriously thats could be a good Idea. the stall is in huyton village and as you know is materialistic around there however I only have 1k to start up and don't think I could get too much with this. What do you think ?

Thanks

i dont know how tight your council are (knowsley or liverpool?) but you may do well to sell some fake stuff from china mixed in with other stuff.I know for a fact people in the heritage market have been getting away with it for years. have a look on dhgate.com for ugg boots etc. (be careful on there, look for sellers with great feedback and many transactions) . women in Liverpool are the most materialistic i have ever known - all they think about is how they look - 100% of the time (they even dream about themselves, lol). There are loads of wholesalers in Manchester too if you want straight gear.
The thing about clothes is the margins are big, sell fake ipods etc and you make 5-10% fake clothes you can get 40%+
If you dont have a lot of money for stock a good idea is to just buy boxes: for example, you cant afford 20 pairs of ugg boots just yet but if you put some empty boxes on your stall and maybe a few pairs of boots, loads of people will ask about them. You can take their orders and maybe ask for a deposit - tell them you are expecting a shipment soon. then when you know you are getting x amount of guaranteed sales you can order them on a credit card. sell them and pay the card off. marks and spencer are doing a 10 months interest free card at the moment.
good luck, remember me when your rich