Sunday, September 1, 2013

Antique Booth - August Recap

When I first started considering opening a booth at an antique mall, I did a lot of research online. I found so many blogs talking about it, but not many telling what they actually made reselling. One of the best blogs was Thrift Core written by Van. She shares her wisdom with so many wonderful tips, from staging your booth to increasing sales and more.

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.

My booth

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!


12 comments :

  1. awesome job I've thought about this also because I try to get things and resale but not in booth. I love vintage jewelry so maybe I'll give it a try. Looking forward to reading more of your blog now following on bloglovin I'm lorraine at http://lorrainesresources.blogspot.com

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    1. Thank you so much Lorraine! There aren't any booths with vintage jewelry at the mall and I'm, and I wish there was! I think that would be such a fun booth to shop at!

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  2. I would love to have a booth but I think 90.00 a month is so high. They are all that high here too. I collect a lot that you have--your booth looks very attractive.
    Ann

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    1. Thanks, Ann! I agree that the rent is high, but unfortunately, it seems to be high all over my area. I read people's blog online and they mention paying $100 for a 10' by 10' booth - I'm so jealous of them!

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  3. Yes! This is the type of info I've been wanting to see! Thank you for sharing! ♥

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    1. Thanks, Holly! Hope it helps you out!

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  4. I have had resell booths since 1998. Make sure you add in the supplies you use and the travel expenses to find the treasures you sell. I have also found having a decorative tag or a ribbon tassel on a item makes it more appealing. I hope you have as much fun as I have had through the years. Good luck!

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    1. I do have to figure that in too, I guess. I just hate to do it, since it will cut my profit even more! :) Thank you for your advice, Donna!

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  5. Congrats on making a profit first month out. Good luck.
    Kathy

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  6. I love your spreadsheet idea, Cathey! I think I need to start doing that. I got my first booth the Thursday right before Easter this year. I found June was slow for me. I also like your idea about detailing what sells, although mine seems to be so random. I'm going in this week to decorate for Fall and hope to take some pictures. I'm always looking for display inspiration on Pinterest.

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    1. Thanks, Kathy! My sales seem to be completely random too - it's hard to figure out any sort of pattern.

      Hope you have a lot of sales this month!

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Thank you for your comments! I appreciate your kind words and always try to reply!

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