Market Trading Means Business 3

Market trading may look like a very basic venture. And, in
some ways, it is. But, it can also be a very big business
with considerable takings - so don’t underestimate it. A
little capital is required to start, though this is really a
very moderate amount.

Two types of market can be identified as being ideal for the
would be trader. The very best types are the regular markets
run by local councils on a daily or weekly basis. These
operate on purpose made sites - or in a busy town centre
street and sell a wide variety of goods. You could also
consider privately organised markets. A good example of
these is the Sunday markets that are held in many towns and
cities, often indoors. Choose either, or both, depending on
what sort of business you require. And, very importantly,
the time you have available to trade.

Your first step as a market trader is to look for a venue
with good potential. Don’t just decide to start and then
turn up with goods at your nearest market! Most towns and
cities have a variety of public markets and you need to
choose the most suitable. Ensure the one you select is
‘brisk but not too busy’. Anywhere within a 15 mile radius
of your home is a desirable proposition.

After a little ‘market research’ contact the market for your
intended sites well in advance. This is usually the local
council - or sometimes a commercial organising firm. Ask one
of the existing traders if unsure. Get full details of all
conditions of obtaining a stall - and details of the rents
which might be in the region of oe10+ per day for a single
stall unit. Many markets will have a waiting list - so apply
to several in good time so you can start at the very earliest
opportunity. The organisers will probably want to know what
sort of goods you intend to sell - and expect you to stick to
that trade. This is important since if there are already
enough traders in that particular trade you may need to
rethink before you will be accepted.

Gather information on your chances of obtaining a stall in
your area - and what to sell. You will then be able to make
serious enquiries with regard to obtaining stock for your
venture. The best way of doing this is to sell the types of
things that are already successfully sold at markets. These
proven items are invariably best. It doesn’t pay to be too
different or original. Find your own range of suitable
products within one of the existing market trades.

Foods, household goods, clothes, second hand items, seconds,
fabrics, shoes, pottery, books, toys, jewellery, sweets,
spare parts, small electrical items and curios are just some
of the many things that are popular market sellers.
The choice is so wide it should not be that difficult to find
a trade. Whatever it is do ensure it is a single trade -
rarely can you successfully mix different types of goods on a
single stall.

Copyright Avril Harper. UK

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