Peddling for Profit: Becoming an Antique Dealer
Thinking of turning your weekend pastime into a full fledged business? You don't need a resume to become a full-time dealer of collectibles... but you do need to consider your investment.
I'm sure you've heard the phrase 'it takes money to make money.' While this is often true, the investment in selling antiques really depends on what you want to sell. At the outset, focus on selling items that you have readily available. There will be several upstart costs (booth rental, transportation, marketing, etc) but once you start making sales, take your profit and invest in larger and more profitable sale items. Use sales to reinvest in future rent, acquiring a larger space and more inventory.
Do you have the time to embark on a new venture? Will your current job allow you the hours to spend curating items, transporting them and staging a booth? This amounts to hours cleaning, prepping, tagging inventory, going to estate/garage sales, refinishing furniture projects, and arranging inventory in the booth space. Do you have time in your week to replenish your inventory?
Becoming an antiques dealer means different things to different people. There is no shortage of things we would call “antique.” Ask yourself what do you want to sell? High-end antique furnishings? Collectible items? Homemade items? Furniture? Stocking your booth with a theme and making sure you have a variety of price points in your booth will keep your sales steady. Furniture sells, but can take more time for the right buyer. If you mainly sell furniture, you may need to sell 3-4 pieces a month to cover your rent and costs for an average space. Supplement furniture sales with a steady stream of smaller items... sterling-plated silver, book bundles, small art, decorative containers with plates, mirrors, and vintage tins and other "smalls". Success in an antique mall requires stocking a wide range of high and low priced items.
Becoming an antiques dealer means there will be a lot of inventory to be transported, so having a vehicle with a large-carrying capacity is a must. If you have a very small space to fill, you may be able to get away with a car and the occasional borrowing of a truck. If you have a larger space to fill, a truck, trailer, or van is might be necessary. You will also want to invest in some moving equipment as you will work much more efficiently and be less prone to injury.
With your initial investments covered you can enjoy picking and restocking your booth as items sell and you find new things to add to your space. Being a vendor in an Antique Mall can be a wonderful part time job with a great steady income, plus it is a lot of fun!
For more information on becoming a Vendor at America's Antique Mall visit our website location pages!