advice been offered an indoor unit in birkenhead town market for £100 pw ?

[kewns]

Hello looking for some advice been offered a small sarter unit in birkenhead market all in it will be 100pw

now i run sportingdesires website and am planning to sell football stuff first
like i already do

i wandering if people think it is worth the risk some of my items our high price some our cheaper

am in two minds what two do and any advice is great


its only on a week lease so its not two bad i worked out i would need to take between £60-70 per day to obtain a min footing of 360 pw

i think saturday is best seller now i have friend who runs a simlar store over in liverpool he does 3 days a week and makes about £300 a week on averge

if any one runs a market stall please let me know your veiws on running i know its hard work am prepared for that

just dont want to lose money and with all this credit crunch but my web sales ant bad

i will leave it there or i will go on for hours lol

Kindest Regards,

stephen

[LLS Heidelberg services]

I think if you can get to sell your cheaper stock then you will do alright but it has to be a least 20% cheaper than high street to get market punters to buy you have to remember why they shop there?

[MH1]

Markets are having tough times overall, but they are a cheap way to try a new channel. If you can make it pay try it, but standing most days will also possibly limit your other activities, nothing a mobile connected laptop can't cure.

I used to pack my orders and work on my website during the quiet periods on market days.

[kewns]

Markets are having tough times overall, but they are a cheap way to try a new channel. If you can make it pay try it, but standing most days will also possibly limit your other activities, nothing a mobile connected laptop can't cure.

I used to pack my orders and work on my website during the quiet periods on market days.


that what i was thinking i do all my business on my laptop and have tmobile dongle so i can get online anywere were there is decent signal
lol

am going to veiw it today i can get stuff cheapish in some parts and i get other stuff that no one is selling in market

i can also get good deals on disney kids clothes so i might sell them aswell

thanks for all your advice am still unsure but all you can do is try a lol

Kindest Regards,

stephen

[chalkie99]

Don't confuse "takings" with "profits".

I don't know what your margins are but it sounds like if you take £60 a day you might possibly cover your rent but you will be working for nothing, whereas if you put those hours into a job on mimimum wage you would probably be making about £220 per week - so your business might be costing you money!

[mobyme]

I would say give it a miss. I don't believe there is enough "foot-fall" in Birkenhead indoor market to warrant a rent of £100 a week. If you take that "foot-fall" you would be very lucky if more than 10% were potential customers as most of the people who use that market are of the older generation.

[kewns]

Don't confuse "takings" with "profits".

I don't know what your margins are but it sounds like if you take £60 a day you might possibly cover your rent but you will be working for nothing, whereas if you put those hours into a job on mimimum wage you would probably be making about £220 per week - so your business might be costing you money!

well i was talking a total being 360 pw yeah i see what you mean i would be eraning £160 pound a week to myself before tax and NI if you take rent and replacing stock .

good point my friend

[kewns]

I would say give it a miss. I don't believe there is enough "foot-fall" in Birkenhead indoor market to warrant a rent of £100 a week. If you take that "foot-fall" you would be very lucky if more than 10% were potential customers as most of the people who use that market are of the older generation.


what do you mean by foot-fall the rent is high it works out to 17 pound per day i take on your view and mabye it would better finding a market in a more profitable area ?

[Nickdavis87]

what do you mean by foot-fall the rent is high it works out to 17 pound per day i take on your view and mabye it would better finding a market in a more profitable area ?

Footfall is the number of people who walk through.

[MH1]

Having worked markets over a few years, the smaller quieter ones can be the best.

Only way to find out is to give it a try, but you obviously need your target client using the market. It might be worth trying a couple of Saturdays first before committing to a weeks trading, personally I doubt several days would be worth it on a small market in your line of merchandise.