1. Low start-up costs – A flea market requires minimal capital investments to get up and running as booth space is typically rented on a daily or weekly basis, allowing you to test out the waters before fully committing.
2. Flexible hours – Flea markets typically operate on weekends, allowing you to keep your day job while running a side business.
3. Low overhead costs – Since there is no need an inventory, staffing or marketing costs associated with opening a store, flea market vendors are able to enjoy lower overhead expenses.
4. Great potential for profit – The sheer amount of shoppers in one location can yield a great profit if you have the right products and approach.
1. Limited control – Not all flea markets are created equal, meaning that the success of your business is reliant on other vendors providing quality products as well as parking and traffic flow.
2. Low foot traffic – Depending on the location, there may not be a lot of people coming to the flea market which can make it difficult to generate sales.
3. Unpredictable weather – Rainy or cold days can limit shopper turnout, making it hard to turn a profit.
4. Fluctuating competition – You won’t be the only vendor at the flea market, which can make it difficult to stand out. Additionally, competitors may adjust prices or offer higher quality products to attract more customers.