Selling items in an antique mall
If you’ve ever been to an antique mall, you know it’s a place where you could easily get lost for hours absorbing all the history associated with the items on display. But it is also a place where you can earn a lot of money. Setting up a booth is simple and affordable, and can generate a lot of additional income on a regular basis. Here are some tips to help you get the most out of your experience.
do some homework
Before setting up a booth at an antique mall, do some research on the different ones located in your area. If one has a better reputation than others, it may be worth driving a little further. However, it is important to note that it may be difficult for you to find available space if the mall is particularly popular.
You’d be surprised how many people get into this without having a plan regarding the items they want to sell. Many experts recommend that if you’re just starting out, try selling a little of everything. For example, don’t just focus on collectibles; add some jewelry, vintage clothing, furniture, etc. The more diverse your inventory, the better your chances of success.
Look around a few yard sales in your neighborhood and see what people are buying and selling. Take a close look at the types of items that tend to draw the most attention, and don’t be afraid to take notes. Since bargaining is an important component of these types of sales, pay close attention to what people actually pay for items versus how they’re branded.
Put the plan into action
Once you’ve decided on the types of items to put on your vintage mall booth, you need to figure out how to buy those items at low enough prices that you’ll make a nice profit when you resell them. That sounds obvious, of course, but many newbies buy things just because they like them; they don’t even think about whether or not they could make a solid profit from them.
Many experts agree that you make money when you buy an item, not when you sell it. The better the price when you pay for it, the higher the profit when you sell it. Plus, your customers will keep coming back because they know the prices you charge are fair.
This only scratches the surface regarding the strategies you should have before renting a booth at an antique mall. There are other considerations, such as the size and location of your booth, that are just as important. Don’t be afraid to talk to professionals to get their opinions on how you can maximize profits.
