If there was only one thing that makes or breaks a vendor, it would be how much that vendor pays for his or her merchandise.
Just this morning (6-20-03), a vendor friend dropped by our local coffee shop.
While we were shooting the breeze, he mentioned that some vendors at the market he worked went to K-Mart to buy their stuff. Then they were taking it to the flea market and trying to resell it at a profit.
I said, “You’ve got to be kidding?”
“No, I am serious”
I said, “ How can they make any money?”
“They’re not!” he replied. “They’re old retirees who don’t know anything about making money.”
You must always be looking for a better price for your merchandise.
Your wholesale price is all you have to work from.
The lower it is the more room you have to deal with the customer.
Copyright © 2004 Larry L. Austin
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I n s i d e r S e c r e t s T o F l e a M a r k e t P r o f i t s - L a r r y L . A u s t i n P a g e 1 5 o f 1 0 1