But the post I appreciated the most detailed what she actually sold each month. If you're unsure about opening a booth, seeing exactly what someone else sold, and for how much, can be really encouraging and be the little push you might be needing to open your own booth. I know it was for me! (Thanks, Van!)
So since it was so helpful to me, I decided to share monthly updates on my booth in the hopes that I can help someone else out who's on the fence about reselling.
I rent a 6' by 2' booth in a local antique mall. It's costing me $90 a month to rent, which is a little high, but it's a good location. Other booths this size were around $75, but they were in the dark, back, hidden corners of the mall. Mine is close to the front and visible from the cash register, which makes me feel more secure. I don't think people will try to steal anything when the employees are watching them! I don't really like paying that much more every month, but it was the only one available, so I took it!
I clean and rearrange things once a week. I usually head up on Tuesday mornings, so I can hit all the local thrift stores at the same time. I add new merchandise and move most things around. Some weeks I group by theme, some by color, and sometimes just whatever looks pretty together. I try not to keep things in the same spot, since apparently moving things around can result in more sales. (Fingers crossed!)
I've read online that summer is a slow time for reselling, and I'm hoping that's true. I can see why with vacations, school starting back up, and the heat making everyone want to stay home. Hopefully things will pick up more as we get closer to the holidays, but I think I still had a pretty successful month.
And now, a breakdown of my sales for my first month -
So, my total profit after the mall took their 8% commission out was $126.96. After I deduct my rent, it comes out to $36.96. Not too great, but at least I made a profit! I'm hoping that next month is better.
I have an even more detailed spreadsheet that I use to keep track of all my inventory. As soon as I buy things, I add the item description and price I paid for it in the spreadsheet. Then I have a column to enter the date it goes into the booth as well as the price I'm listing it for. When it sells, I fill in the date and amount it sold for. Then the spreadsheet calculates how much I receive after the mall's commission is taken out, then subtracts the price I paid to give me the overall profit.
I change the color of the row of an item once it sells so it's easy to see what's gone. I'm a little obsessive with my organization, but it's really helpful. Plus, I give each item an item number, which I list on my price tags. It's really been helpful, since the description the mall employees write is usually vague, like "tray." But when they record the item number, I can easily tell what sold.
I'm by no means an expert yet, but if you have any questions, feel free to leave them in the comments or email me and I'll get back to you!
Thanks for stopping by!