Another way to make some easy money, other than a flea market booth, is to rent, setup and open a craft mall booth. The main difference with a craft mall booth however—you don’t have to physically be at it for it to be making money for you. And the thing is, you can actually have a flea market booth and a craft mall booth both going at the same time, if you want, and in different physical locations as well.
So when it comes to how a craft mall booth can be an easy money maker—it’s also best to be in a good location selling the right merchandise—you basically set it up the same way as you would a flea market booth. And both can be any size you choose, depending on the booth space that is available for rental, and the price you are willing or can afford to pay for it….
Basically, you walk into a craft mall store and approach the checkout counter. Once there, you talk to the person behind the counter about the possibility of renting an available booth. The counter person can either help you with the rental, or they will tell you that you have to talk to the store manager, provided they are not the manager themselves.
Before looking to rent a booth space in a potential craft mall, it’s best to scout out the place first. You want to check out the availability of any empty booths the mall may have, and what the other mall dealers are selling….Plus the craft mall will probably have rules concerning what you can and cannot sell.
Now if you do get to rent an available booth in a craft mall, it will usually be under a signed contract. Normally a 6 or 12 month contract. And the longer the contract is the cheaper the monthly price may be, usually.
But once you have your craft mall booth, you are ready to go….So now it’s time to start setting up your booth with merchandise so you can make some sales.
Tips For Setting up a Craft Mall Booth:
1. Make sure any and all merchandise items you intend to sell are as clean as possible, especially if the merchandise was acquired from a yard sale and/or an estate sale. (Some dealers do purchase from these sources occasionally.)
2. Anything that requires electricity or batteries in order for it to work, insure that these items have been tested and are working properly before you display them for sale. (Items that require batteries should have them installed.)
3. If a particular item is not working properly, do your best to fix the problem before trying to sell it. (If you can’t fix it, it’s best to not sell the item.)
4. Display your items in a professional and orderly fashion on any tables or shelving that you can obtain, depending on what the size of your booth allows.
5. Insure that all items have properly filled out price tags on them. Removable price tags works best:
1. All items must be washed and dried first. Though if they came boxed or packaged from a wholesaler this may not be necessary.
2. When possible place all clothing items on hangers, then arrange all of the garments by size on racks, shelf supports or hooks. Keep pants, blouses, t-shirts, business suits, coats, etc., all in their own separate categories. And make sure to separate men, women, and children clothing into their individual categories as well.
3. If no clothing racks or hooks are available, make sure to fold and sort clothing items neatly on individual tables or display shelving according to item types. (Do your best to keep clothing items off the floor).
4. Make sure every item of clothing has a removable price tag on it, which also includes the proper information.
Now The Advantages of Renting a Craft Mall Booth:
1. Unlike renting a booth in a flea market, which requires you to physically be there to open and run your booth just like you would with a commercial store front, with a craft mall booth you do not have to be present in the mall during business hours to run your booth or make sales.
2. You do not have to provide any money to the sales desk where the sales of any and all merchandise takes place. This is the responsibility of the craft mall’s management. (The only money you provide or pay to the cashiers desk is your monthly booth rental. The mall also charges you a 5 percent sales fee for every item you sell.)
3. Your craft mall booth—unlike a weekend only flea market booth—is open every day the craft mall is open. This can be 6 and 7 days a week, depending on the days and the hours of operation of the mall itself.
4. You can come into the mall, any day that it is open, to restock or change out any merchandise you see fit. Or to rearrange anything in you booth as you see fit. (Many dealers usually reserve these particular visits for days when customer traffic is on the slow side.)
5. In fact, the only real disadvantage to having a craft mall booth is the times when you are paid for the merchandise you have sold. This generally happens once a week, or every two weeks—it depends on the contract agreement you have with the particular craft mall that you rented your booth in.
6. When you receive your check from the craft mall for the merchandise you have sold, 5 percent is usually deducted by the mall to cover utilities and other services. Plus they also collect and pay the sales tax for you from all of your merchandise sales.
7. And finally, when you receive your check for sales made, some craft malls will also include a printout of everything you sold. This print out will include the name of the merchandise, item# and price. Or they may include and envelop with you check that contains the removable price tags from the merchandise you sold.
Basically we are talking about a much smaller version of a commercial store front, except you are not having to pay for utilities of any kind. All those costs are covered in your booth rental, and the 5 percent deducted by the craft mall from your merchandise sales.
Last but not least:
Many craft mall dealers choose to have a name attached to their little booth business, just as they might do with a flea market booth. This is called a DBA (Doing Business As), and must be acquired through the records building of the town or city they reside in.
In order to acquire a DBA the individual is required to fill out a form that has the requested information listed on it, which will also include the name of what the business is to be called. But before you can give your business a name however, you have to search through the records on file to make sure the name you want to use for your business hasn’t already been claimed by someone else….If the name hasn’t been claimed then you’re free to claim it as your DBA; if it has been claimed, then you have to come up with another name for your business.
After you complete the DBA paperwork work and pay to have it filed, then that is your business name. Takes roughly three weeks to get it back in the mail—the time is also used by the system to double check that the name hasn’t been used by someone else. Plus you can also pay a dollar to get a legal photostatic copy of the paperwork for your personal records until the original is mailed back to you….Once all of this is done, then it’s time for a tax number to go with your DBA—this will be in a later post.
The reason for all of the paperwork and legalities is because you are in the process of getting ready to open up a legitimate business, albeit a small business for now. And all businesses are required by law to pay their required taxes, including income taxes for the person who is registering and opening the small business.
The reason I say income taxes is because the income your small business is going to be making for you, once you start making sales with it, will also be considered as income that will be added onto the income that you may be earning via a paycheck from an employer, or other method of income.
A Few Last Details:
Once you have your photostatic copy in hand of the DBA paperwork you filed, you do not have to wait until the original is mailed back to you before stocking and opening your craft mall booth. But you do need merchandise to go in it however, if you haven’t already acquired any. Plus you can get some business cards made up as well and place them in your booth to.
But always remember, having and running a craft mall booth—or any other type of business—does not guarantee you are going to be making any specific amount of money. Though setting up one the right way, plus being in the right location with the right merchandise can potentially help you to increase your sales from your booth.
And once you start making sales, if you choose to later down the road, you can also rent and stock more than one craft mall booth. But that is up to you….
So now that everything has been taken care of, it’s time to go have yourself some fun and bring in some extra money.