All You Need to Know about Sourcing Inventory for a Flea Market in Kentucky

2018-04-05

Businesses come in many forms. On the top end are global majors, corporations bringing in billions each year, and on the lower end of the scale is something completely different, something closer, personal and for everyone’s budget. We are talking about the flea market.

While you may not be able to buy brand new, fancy merchandise, you are certain to find bargains and products that might bring you on a light stroll down memory lane, like an original AC/DC Back in black album from the 1980s. The truth is you never know what you can find at a flea market.

However, flea market stall owners have a way of knowing what they are buying, and can cater for the demand of their customers while staying within the flea market budget. This is especially the case with flea market sellers from Kentucky, who have the option of purchasing cheap items from a reputable supplier. But let’s look into that in more detail.

Stocking a Flea Market Business in Kentucky

While some will think about scrap and used items when you mention liquidated merchandise, the reality is that this could be the best source for a flea market business owner. Yes, the majority of merchandise sold through liquidation companies or platforms such as Direct Liquidation are used items and unsorted customer returns, but this does not mean there is no money to be made there. On the contrary, there are several ways to keep the procurement costs down and earn some cash with liquidation merchandise.

The main advantage of liquidated merchandise is the fact that prices are well below wholesale. The cheapest options would be unsorted customer returns, items that have not been cherry-picked and are sold ‘as is’. What this means is that you might receive a lot of damaged items, non-functional products but there might also be one gem in there that will not only return your complete investment but actually bring you a profit.

There are definitely products in various conditions, but you might also be interested in items that have been reviewed, processed and declared as not working. Now, you might sell these products as spare part donors for people looking to complete their project at home in which they are bringing their older items back to life or restoring some old items. Likewise, with some time, effort and some technical knowledge, you might be able to piece together non-functioning items into a functioning one. Imagine buying a lot of smartphones that have been declared as ‘not working’. They are from the same brand and are all the same model. However, each unit has a different fault and the reason it is not working. Piecing the functioning parts together you might assemble several functioning phones that will return your initial investment and bring you some profit. The remaining functioning parts can be sold separately to those looking for those exact parts.

But how do you know what phones you are buying? This is easy: we provide you with a manifest with each lot or pallet you buy. You will know what you are buying and the quantity as well as the condition of the merchandise if it has been reviewed and processed.

While you can view all the lots and pallets on offer on our website, we operate a warehouse in Frankfort, Kentucky, enabling you to significantly save up on delivery costs. So head on to our warehouse in Frankfort, and get the stock for you flea market stall.

We’ve put together a list of some of the best flea markets closer to our warehouse, in Frankfort. We’ve also included a link for complete statewide listings.