{"id":17551,"date":"2019-01-18T16:10:10","date_gmt":"2019-01-18T16:10:10","guid":{"rendered":"http:\/\/startups.co.uk\/?p=17551"},"modified":"2022-12-14T14:28:00","modified_gmt":"2022-12-14T14:28:00","slug":"how-to-start-a-market-stall","status":"publish","type":"post","link":"https:\/\/startups.co.uk\/guides\/how-to-start-a-market-stall\/","title":{"rendered":"How to start a market stall"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]While market stalls were some of the first businesses to reopen after the COVID pandemic thanks to their Covid-friendly outside set-ups &ndash; the impact of the current economic crisis, and reduction in consumer spending, is leaving them with a substantial loss of footfall.<\/p>\n<p>As a result of this, if you are planning to start a market stall, you&rsquo;ll need to consider the important areas of business planning such as marketing and outreach,&nbsp;in order to attract a consumer base that is now used to online shopping and door-to-door sales deliveries.<\/p>\n<p><span style=\"font-weight: 400\">Luckily, the Startups team are experts on the various priorities and considerations that SMEs need to know.<\/span><\/p>\n<p>In the below guide, we&rsquo;ll take you through how to create, finance and insure your market stall, as well as the top tips for advertising, so you can build a business that&rsquo;s fit for the post-Covid, modern consumer.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#ea0037\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 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C90.2269882,4.05583706 90.4077674,4.07523558 90.498157,4.05583706 C90.5885466,4.07523558 90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n <div class=\"highlight-box-headline\">\n \n <span class=\"highlight-box-title\">\n Startups.co.uk can help your business succeed <\/span>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p>At Startups.co.uk, we&rsquo;re here to help small UK businesses to get started, grow and succeed. We have brilliant resources for helping new businesses get off the ground &ndash; you can use the tool below to get started today.<\/p>\n <\/div>\n <\/div>\n<div class=\"flexi-comp-radio-cta\" data-eventcategory=\"reusable-components\" data-component=\"radio-cta\">\n <p class=\"flexi-comp-radio-cta-title\" aria-label=\"What Does Your Business Need Help With?\">\n What Does Your Business Need Help With? <\/p>\n <div class=\"flexi-comp-radio-cta-box\" data-eventaction=\"radio-cta\">\n <button class=\"flexi-comp-radio-cta-item checked\" data-eventlabel=\"Choosing a POS System\" data-url=\"https:\/\/startups.co.uk\/go\/pos\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Choosing a POS System <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Creating a Website\" data-url=\"https:\/\/startups.co.uk\/go\/website\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Creating a Website <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Getting a Business Loan\" data-url=\"https:\/\/startups.co.uk\/go\/business-loans\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Getting a Business Loan <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Marketing\" data-url=\"https:\/\/webforms.startups.co.uk\/digital-marketing?nwid=radio\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Marketing <\/button>\n <\/div>\n\n <a href=\"https:\/\/startups.co.uk\/go\/pos\" class=\"flexi-comp-radio-cta-button\" data-eventlabel=\"https:\/\/startups.co.uk\/go\/pos\" data-ft-links-attr-enabled=\"1\" data-cta-type=\"cta-button\">\n Get Started <\/a>\n\n<\/div>[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplinks-content\">\n <h3 class=\"jumplinks-content-title\">\n In this article, we cover: <\/h3>\n <ul class=\"jumplinks-content-list\">\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-writing-a-market-stall-business-plan\">Writing a market stall business plan<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-conducting-market-research\">Conducting market research<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-sourcing-your-products-to-sell\">Sourcing your products to sell<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-getting-market-stall-equipment\">Getting market stall equipment<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-working-out-the-costs-of-starting-up-your-market-stall\">Working out the costs of starting up your market stall<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-market-trading-rules-and-regulations\">Market trading rules and regulations<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-promoting-your-market-stall\">Promoting your market stall<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-the-key-skills-needed-for-market-selling\">The key skills needed for market selling<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-becoming-a-member-of-the-nmtf\">Becoming a member of the NMTF<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-7-top-tips-from-experts\">7 top tips from experts<\/a>\n <\/li>\n <\/ul>\n<\/div>\n\n <div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" 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into market stall trading&hellip;<\/strong><\/p>\n<p><em>&ldquo;Markets are a great opportunity for brands to test their product, speak to consumers directly and really define their proposition.<\/em><\/p>\n<p><em>&ldquo;We wanted to get our brand of artisan granola into the hands of consumers to see how it would be received, so we applied for stalls across London.<\/em><\/p>\n<p><em>&ldquo;Those early days of exposure were invaluable to us. They taught us what consumers really wanted and helped us shape and define our brand in order to take it to the next level.&rdquo;<\/em><\/p>\n <\/div>\n <\/div>\n[vc_column_text]\n<h2>How has COVID-19 changed the market stall landscape?<\/h2>\n<p>Market stalls have not been immune to the impact of national or local lockdowns. Figures from research company Springboard showed that, even when lockdown restrictions for instore shopping were lifted in April 2021, retail footfall was <a href=\"https:\/\/www.independent.co.uk\/news\/business\/news\/shops-open-footfall-high-street-b1842598.html\" target=\"_blank\" rel=\"noopener\">still 32.7% lower than pre-Covid levels.<\/a><\/p>\n<p>This means it&rsquo;s important to factor in the loss of high street footfall to your market stall launch plan.<\/p>\n<p>One top tip: plan to sell your products online as well as in-person, both in the short and long term.<\/p>\n<p>If you find the right website builder, selling online can even be done for<strong> zero charge. <\/strong>Our top choice, <a href=\"https:\/\/startups.co.uk\/go\/Square-Ecom-primary\" target=\"_blank\" rel=\"noopener noreferrer\" data-cta-type=\"inline-link\">Square Online<\/a> has an impressive free tier that allows you to sell products for zero cost (and the site won&rsquo;t take much time or effort to set up either).<\/p>\n<p>Visit <a href=\"https:\/\/startups.co.uk\/go\/Square-Ecom-primary\" target=\"_blank\" rel=\"noopener\" data-cta-type=\"inline-link\">Square online <\/a>to see whether its completely free plan could suit your small retail business &ndash; and help you not miss out on sales during lockdown periods.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-writing-a-market-stall-business-plan\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Writing a market stall business plan&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Write a market stall business plan&rdquo;]\n<hr>\n<h2>Write a market stall business plan<\/h2>\n<p><span style=\"font-weight: 400\">While the process can be time consuming, writing a business plan is crucial to creating a successful market stall business. 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86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><strong>Nathan Thompson, a former market stall owner, says:<\/strong><\/p>\n<p><i><span style=\"font-weight: 400\">&ldquo;The <a href=\"https:\/\/www.businessmodelsinc.com\/about-bmi\/tools\/business-model-canvas\/\" target=\"_blank\" rel=\"noopener\">Business Model Canvas<\/a> and the Value Proposition Canvas can provide practical and visual ways to map out your market stall and business, without spiralling into unfocused 40 page documents which often represent little more than a box ticking exercise. They also come with great videos and FAQs, which are written in plain English and designed for business owners and entrepreneurs as opposed to academics.&rdquo;<\/span><\/i><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text hash_url=&rdquo;&rdquo; title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">As a result, you&rsquo;ll have a business plan that gives you a sense of direction, defined financial targets, and a clearer idea of how much time you need to dedicate to your business to make it a success.&nbsp;<\/span>\n<p><span style=\"font-weight: 400\">Not only that, if you ever want to turn your market stall business into a bricks and mortar shop, banks and other money lenders will need to see your business plan in order to ensure your idea is a viable investment.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">So what should you include in your market stall business plan? The list below gives you a brief overview:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Explain whether you&rsquo;re setting your market stall up as a hobby, a side-hustle, or a business venture<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Describe the products you&rsquo;re going to sell, and why you&rsquo;ve chosen to sell them<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Provide proof that the market you&rsquo;ve chosen is a viable place to sell your stock<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Detail how much you&rsquo;re looking to sell your products for, and what profit margin you&rsquo;re expecting to achieve<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">While these points are a good start, business plans need to be detailed documents.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">There&rsquo;s heaps of information online to help you create an in depth business plan. Why not check out our full guide to <\/span><a href=\"https:\/\/startups.co.uk\/strategy\/business-plan-template\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">writing a business plan<\/span><\/a><span style=\"font-weight: 400\"> for more information?&nbsp;<\/span>[\/vc_column_text]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#ea0038\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 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C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><\/p>\n<h3>Need help staying on track?<\/h3>\n<p>Whether you&rsquo;re working alone or with a co-founder, project management tools can help make sure that everything stays on track. From assigning tasks and deadlines, to tracking progress and workflows, it&rsquo;s an excellent way to keep things moving in the direction they need to go.<\/p>\n<p><strong>Read our guide to the <a href=\"https:\/\/webforms.startups.co.uk\/project-management-software\">top project management software for small businesses<\/a> to find out which software provider we think is best for SMEs.<\/strong><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]\n <div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#ea0037\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 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90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n <div class=\"highlight-box-headline\">\n \n <span class=\"highlight-box-title\">\n Market stall ideas <\/span>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><span style=\"font-weight: 400\">What products are trending in the market stall space right now? We&rsquo;ve had a look at the top consumer trends of 2020 and beyond, and condensed them into the list below.&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Organic produce<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Chutneys and sauces<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Convenience goods, such as grocery items<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Fairtrade and ethically conscious goods<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Floristry<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Health and wellness products<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Vintage fashion&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Vegan and meat-free produce<\/span><\/li>\n<\/ul>\n<p><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-conducting-market-research\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Conducting market research&rdquo; hash_url=&rdquo;&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Conduct market research for your market stall business&rdquo;]\n<h2>Conduct market research for your market stall business<\/h2>\n<p><span style=\"font-weight: 400\">Without conducting proper market research, you won&rsquo;t know whether there&rsquo;s a demand for your product in your local area. You won&rsquo;t know who your audience is, and you won&rsquo;t know how to market your product to them. To put it simply, market research is <\/span><i><span style=\"font-weight: 400\">essential<\/span><\/i><span style=\"font-weight: 400\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">To carry out effective market research, make sure you use multiple channels to get the most reliable information.&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Explore local markets<\/b><span style=\"font-weight: 400\"> to see what people are selling, and what the local competition looks like<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Conduct surveys<\/b><span style=\"font-weight: 400\"> to gauge whether there&rsquo;s a demand for your product in the area, and how much people are willing to pay<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Have a look online<\/b><span style=\"font-weight: 400\"> to discover the latest consumer trends, and see whether there&rsquo;s any conversation about the products you&rsquo;re looking to sell<\/span><\/li>\n<\/ul>\n<p><strong>Rollagranola&rsquo;s founder Robin reiterates the importance of researching local competition:&nbsp;<\/strong>[\/vc_column_text] <\/p><blockquote class=\"quote\">\n <svg class=\"quote-brush\" preserveaspectratio=\"none\" width=\"11px\" viewbox=\"0 0 11 171\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g class=\"brush-stroke-green\" stroke=\"none\" stroke-width=\"1\">\n <path 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<\/g>\n <\/svg>\n It's a good idea to review other market stall traders. What kind of products do they offer? Are they in line with your brand? Are they sold at a similar price point? <\/blockquote>\n\n\n\n[vc_column_text]\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#ea0038\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 80.6866442,5.63220767 78.4997023,5.67682799 C76.0825561,5.72144832 73.5963485,5.64708111 71.271284,5.73632176 C69.3605874,5.81068898 67.5649931,5.76606865 65.7003374,5.76606865 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C96.0238961,4.00215539 95.5418182,3.98275687 95.5116883,4.06035096 C96.0841558,4.099148 96.6264935,4.07974948 97.3194805,4.04095243 Z M97.0040743,4.04074932 C96.9438145,4.00195228 96.7027756,4.00195228 96.4014769,4.00195228 C96.130308,4.00195228 95.8290093,4.0213508 95.8290093,4.04074932 C95.7988795,4.07954636 96.130308,4.07954636 96.4014769,4.07954636 C96.6726457,4.07954636 96.9438145,4.07954636 97.0040743,4.04074932 Z M97.843095,5.03977318 C98.1745236,5.03977318 98.5059521,5.02037466 98.4155625,5.00097614 C98.3854327,4.98157762 98.1142638,4.98157762 97.9334846,4.98157762 C97.6623158,4.98157762 97.3610171,4.98157762 97.4212768,5.02037466 C97.4815366,5.02037466 97.7527054,5.02037466 97.843095,5.03977318 Z M10.7864935,4.05859596 C11.7205195,4.05859596 12.3231169,4.07799448 13.3174026,4.01979892 C12.3231169,4.03919744 11.7205195,4.0004004 10.7864935,4.05859596 Z M93.4369469,5.03977318 C93.5273365,5.03977318 93.7081157,5.02037466 93.7081157,5.02037466 C93.7382456,5.00097614 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86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><\/p>\n<h3><strong>A quick guide to market types<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">Choosing the right marketplace is essential to your success. But what are the different types?<\/span><\/p>\n<h4><strong>Permanent market<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">Stalls are usually set up as permanent units. In permanent outside markets, market operators allow people to set up outside of vans, although spaces are often available on a first come first served basis.&nbsp;<\/span><\/p>\n<h4><strong>Street markets<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">Usually held once or twice a week in areas that are closed off to traffic, such as side streets and squares. Street markets are great for anyone looking to run a market stall as a side-hustle.&nbsp;<\/span><\/p>\n<h4><strong>Farmers markets<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">Farmers markets are growing in popularity, and great for anyone looking to sell local produce, including meat, vegetables, chutneys, and jams.&nbsp;<\/span><\/p>\n<h4><strong>One day open air markets<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">If you&rsquo;re looking to make handmade products and sell them, one day open air markets are ideal for anyone wanting to start a market stall as a hobby. <\/span><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-sourcing-your-products-to-sell\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Sourcing your products to sell&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Source your products to sell&rdquo;]\n<h2>Source your products to sell<\/h2>\n<p><span style=\"font-weight: 400\">It goes without saying that if you&rsquo;re not selling your own produce, you&rsquo;ll need to find suitable stockists. A good place to start is local wholesalers. Just bear in mind the following:<\/span><\/p>\n<h4><strong>Make sure your values align<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">The stockists you choose to partner with should reflect your own brand identity and values. So if you &lsquo;pride yourself on selling the finest ethically sourced products&rsquo;, your stockists should, too.&nbsp;<\/span><\/p>\n<h4><strong>Keep an eye on profit margin<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">Selecting the right stockist also comes down to profit margin. Refer back to your business plan to ensure you&rsquo;re selecting partners that&rsquo;ll help you to fulfill your business&rsquo; financial potential.&nbsp;<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-getting-market-stall-equipment\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Getting market stall equipment&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Get market stall equipment&rdquo;]\n<h2>Get market stall equipment<\/h2>\n<p><span style=\"font-weight: 400\">It&rsquo;s pretty easy to get hold of market stall equipment. There are plenty of companies that you can hire equipment from, or you can choose to purchase yours from online suppliers. Take a look at the table below to see how much you can expect to purchase market stall equipment for.&nbsp;<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">You should also think about investing in an EPOS system, and purchasing (or even making) market stall displays that create a visual impact when people approach your stall.&nbsp;<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#5200bc\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 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90.498157,4.05583706 C90.5885466,4.07523558 90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><b>Thompson comments:<\/b><\/p>\n<p><em><span style=\"font-weight: 400\">&ldquo;One of the areas I&rsquo;ve often seen market stalls falter at over the years is their visual merchandising and point-of-sale displays. You really don&rsquo;t have to spend a fortune on these initially, but equally, you want your stall to exude a professional yet personal feel.&rdquo;<\/span><\/em><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">He recommends that stall owners look at retail sites such as Etsy for unique handmade market stall displays, or try browsing Pinterest for inspiration, then having a go at making their own visual displays.&nbsp;<\/span>\n<p><span style=\"font-weight: 400\">EPOS suppliers such as <a href=\"https:\/\/startups.co.uk\/go\/Square-Ecom-CardReader\" target=\"_blank\" rel=\"nofollow sponsored noopener noreferrer\" data-cta-type=\"inline-link\">Square<\/a> can set you up with a merchant account and card machine in a matter of days. You can download its free, intuitive software onto a tablet or mobile phone, and transparent pricing means you&rsquo;ll always be aware of any extra costs and fees involved.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">That being said, there&rsquo;s an abundance of EPOS suppliers out there, so make sure you <a href=\"https:\/\/webforms.startups.co.uk\/epos?nwid=intext1\">compare quotes<\/a> from a range of providers to get the best deal.&nbsp;<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_index=&rdquo;Choosing a market to sell in&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Choose a market to sell in&rdquo;]<\/p>\n<h2>Choose a market to sell in<\/h2>\n<p><span style=\"font-weight: 400\">First things first, you&rsquo;ll need to research the types of markets that are out there. Generally, different markets attract a different kind of audience: for example, you won&rsquo;t find the same crowd perusing a country farmers market as you would in the tourist markets of Camden Town.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Walk around your local markets to soak up the vibe, and gauge the trends among stall holders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You&rsquo;ll then need to conduct thorough research into the local markets on your list. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Think about:&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>How often you&rsquo;d like to trade<\/b><span style=\"font-weight: 400\"> &ndash; for example, is it a weekly or bi-weekly market?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>The average footfall of the area<\/b><span style=\"font-weight: 400\"> &ndash; implies whether there will be a solid number of market visitors<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Pitch and rental costs <\/b><span style=\"font-weight: 400\">&ndash; make sure you balance this with expected profit margins<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Travel and parking arrangements<\/b><span style=\"font-weight: 400\"> &ndash; is the market accessible for you and your customers?&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Whether the market is indoors or outdoors<\/b><span style=\"font-weight: 400\"> &ndash; this can have an effect on footfall, as well as your selling environment<\/span><\/li>\n<li style=\"font-weight: 400\"><b>What kind of vibe you&rsquo;re after<\/b><span style=\"font-weight: 400\"> &ndash; are you looking for a competitive selling environment, or something more relaxed?<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" 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C90.4933519,5.49834668 92.3580075,5.45372636 94.0845406,5.55784045 L94.0845406,5.55784045 Z M91.8961039,4.96955873 C90.7044001,4.95016021 89.8724559,4.93076168 88.8831169,5.00835577 C89.9174259,5.08594986 90.74937,5.10534838 91.8961039,4.96955873 Z M93.3724675,4.03450419 C92.2877922,3.99570715 91.5044156,3.97630863 90.4197403,4.05390271 C91.5345455,4.09269976 92.3179221,4.09269976 93.3724675,4.03450419 Z M59.2202597,5.01655435 C60.0337662,5.05535139 60.5761039,5.05535139 61.2992208,4.99715582 C60.5761039,4.9777573 60.0638961,4.95835878 59.2202597,5.01655435 Z M97.3194805,4.04095243 C97.0181818,4.00215539 96.6566234,4.00215539 96.3553247,4.00215539 C96.0238961,4.00215539 95.5418182,3.98275687 95.5116883,4.06035096 C96.0841558,4.099148 96.6264935,4.07974948 97.3194805,4.04095243 Z M97.0040743,4.04074932 C96.9438145,4.00195228 96.7027756,4.00195228 96.4014769,4.00195228 C96.130308,4.00195228 95.8290093,4.0213508 95.8290093,4.04074932 C95.7988795,4.07954636 96.130308,4.07954636 96.4014769,4.07954636 C96.6726457,4.07954636 96.9438145,4.07954636 97.0040743,4.04074932 Z M97.843095,5.03977318 C98.1745236,5.03977318 98.5059521,5.02037466 98.4155625,5.00097614 C98.3854327,4.98157762 98.1142638,4.98157762 97.9334846,4.98157762 C97.6623158,4.98157762 97.3610171,4.98157762 97.4212768,5.02037466 C97.4815366,5.02037466 97.7527054,5.02037466 97.843095,5.03977318 Z M10.7864935,4.05859596 C11.7205195,4.05859596 12.3231169,4.07799448 13.3174026,4.01979892 C12.3231169,4.03919744 11.7205195,4.0004004 10.7864935,4.05859596 Z M93.4369469,5.03977318 C93.5273365,5.03977318 93.7081157,5.02037466 93.7081157,5.02037466 C93.7382456,5.00097614 93.5574663,4.98157762 93.3766871,4.98157762 C93.2862975,4.98157762 93.1055183,5.00097614 93.1055183,5.00097614 C93.0452585,5.03977318 93.2260378,5.03977318 93.4369469,5.03977318 Z M64.6758363,6 C64.7963558,6 64.977135,6 65.0072649,6 C65.1579143,5.98060148 64.977135,5.96120296 64.7963558,5.96120296 C64.7059662,5.96120296 64.5854467,5.96120296 64.4950571,5.98060148 C64.5553169,5.98060148 64.6155766,5.98060148 64.6758363,6 Z M90.6789362,4.03643854 C90.5885466,4.03643854 90.4680271,4.01704002 90.3776375,4.01704002 C90.1365986,4.01704002 90.0160791,4.03643854 90.1667284,4.05583706 C90.2269882,4.05583706 90.4077674,4.07523558 90.498157,4.05583706 C90.5885466,4.07523558 90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><strong>Robin Longden, former market stall owner and founder of <a href=\"https:\/\/rollagranola.com\/\" target=\"_blank\" rel=\"noopener\">Rollagranola<\/a>, says: <\/strong><\/p>\n<p><em>&ldquo;Finding the right market stalls are key &ndash; it&rsquo;s important to identify those that fit your product\/service well. <\/em><\/p>\n<p><em>There are no wrong markets, but low footfall is a long day so choose busy markets and be prepared to take risks. <\/em><\/p>\n<p><em>More often than not if you have the footfall, you will get the trade and if you don&rsquo;t? It&rsquo;s not the right fit for your product\/service.&rdquo;<\/em><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text hash_url=&rdquo;&rdquo; title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">Why not take a look at our guide to the <\/span><a href=\"https:\/\/startups.co.uk\/marketing\/tools\/best-markets-in-uk\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">best markets in the UK<\/span><\/a><span style=\"font-weight: 400\"> to get an idea of the different types of market out there?<\/span>[\/vc_column_text][vc_column_text]\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-working-out-the-costs-of-starting-up-your-market-stall\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Working out the costs of starting up your market stall&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Work out the costs of starting up your market stall&rdquo;]\n<h2>Work out the costs of starting up your market stall<\/h2>\n<p><span style=\"font-weight: 400\">We&rsquo;ve already covered potential equipment costs, but what else do you need to think about?&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400\">One-time costs<\/span><\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n<\/p><table id=\"tablepress-413\" class=\"tablepress tablepress-id-413\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1 odd\">\n\t<td class=\"column-1\"><b>Market stall equipment <\/b><\/td><td class=\"column-2\">From &pound;400 (based on table above)<\/td>\n<\/tr>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><b>Market stall signage (foamex board)<\/b><\/td><td class=\"column-2\">From &pound;32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]\n<h3><span style=\"font-weight: 400\">On-going costs<\/span><\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n<\/p><table id=\"tablepress-414\" class=\"tablepress tablepress-id-414\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1 odd\">\n\t<td class=\"column-1\"><b>Stock<\/b><\/td><td class=\"column-2\">Product dependent<\/td>\n<\/tr>\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><b>Market stall license<\/b><\/td><td class=\"column-2\">Area dependent (usually around &pound;1,000 paid annually)<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\"><b>Business insurance<\/b><\/td><td class=\"column-2\">From &pound;59\/year<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\"><b>Staff wages<\/b><\/td><td class=\"column-2\">Dependent on hours worked<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\"><b>Marketing and website<\/b><\/td><td class=\"column-2\">Agencies cost from &pound;1,200 a month<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\"><b>EPOS<\/b><\/td><td class=\"column-2\">From &pound;19 (+1.75% ongoing processing fee)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]\n<h3><span style=\"font-weight: 400\">How to finance your market stall<\/span><\/h3>\n<p><span style=\"font-weight: 400\">You can&rsquo;t start a market stall from nothing. You&rsquo;ll need to have cash to hand in order to invest in the necessary licenses, insurance, and equipment.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#1e73be\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 80.6866442,5.63220767 78.4997023,5.67682799 C76.0825561,5.72144832 73.5963485,5.64708111 71.271284,5.73632176 C69.3605874,5.81068898 67.5649931,5.76606865 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86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><b>Thompson advises:<\/b><\/p>\n<p><i><span style=\"font-weight: 400\">&ldquo;It&rsquo;s business 101 here, but developing an initial proof of concept can work wonders. If you can finance your initial business yourself, either from your salary, savings, or by borrowing from close family or friends, it&rsquo;s worth starting small to assess the viability and feasibility of your market stall idea.&rdquo;<\/span><\/i><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">While it&rsquo;s perfectly possible to start a market stall with your savings, if your goal is to turn your market stall into a fully-fledged bricks and mortar store, you may need more of a cash injection behind you.&nbsp;<\/span>\n<p><span style=\"font-weight: 400\">Thompson continues: <\/span><i><span style=\"font-weight: 400\">&ldquo;<\/span><\/i><i><span style=\"font-weight: 400\">There are lending organisations and bodies such as <\/span><\/i><a href=\"https:\/\/responsiblefinance.org.uk\/responsible-finance-providers\/who-provides-responsible-finance\/\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span style=\"font-weight: 400\">Responsible Finance<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> who offer impartial advice, and can point you in the direction of non-predatory lending providers according to your business size and scale.&rdquo;<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400\">This is where business loans come into play. There are a couple of business loan providers we would recommend:<\/span><\/p>\n<p><span style=\"font-weight: 400\">Start Up Loans<\/span><span style=\"font-weight: 400\"> &ndash; a government-backed scheme where you can borrow up to &pound;25,000, with a fixed interest rate of 6% p.a.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Business loans &ndash; similar to startup loans, except they are not just for new businesses and don&rsquo;t have the same caps. Compare providers today to make sure you business gets the best deals.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You should also consider how you will track your finances. It&rsquo;s best practice to use a business bank account to separate your personal and business expenses and income.<\/span>&nbsp;filling in our simple comparison form<\/p>\n<p><span style=\"font-weight: 400\">There may be additional sources of support you can lean on, too. According to a specialist trend report conducted by Marketing Donut, local councils across the country are looking to <\/span><a href=\"https:\/\/www.marketingdonut.co.uk\/market-research\/sector-trends\/market-stall-sector-trends\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">splash extra cash<\/span><\/a><span style=\"font-weight: 400\"> on supporting local and farmers markets.&nbsp;<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text]<\/p><div class=\"flexi-comp-radio-cta\" data-eventcategory=\"reusable-components\" data-component=\"radio-cta\">\n <p class=\"flexi-comp-radio-cta-title\" aria-label=\"What Does Your Business Need Help With?\">\n What Does Your Business Need Help With? <\/p>\n <div class=\"flexi-comp-radio-cta-box\" data-eventaction=\"radio-cta\">\n <button class=\"flexi-comp-radio-cta-item checked\" data-eventlabel=\"Choosing a POS System\" data-url=\"https:\/\/startups.co.uk\/go\/pos\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Choosing a POS System <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Creating a Website\" data-url=\"https:\/\/startups.co.uk\/go\/website\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Creating a Website <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Getting a Business Loan\" data-url=\"https:\/\/startups.co.uk\/go\/business-loans\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Getting a Business Loan <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Business Bank Account\" data-url=\"https:\/\/startups.co.uk\/go\/business-banking\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Business Bank Account <\/button>\n <\/div>\n\n <a href=\"https:\/\/startups.co.uk\/go\/pos\" class=\"flexi-comp-radio-cta-button\" data-eventlabel=\"https:\/\/startups.co.uk\/go\/pos\" data-ft-links-attr-enabled=\"1\" data-cta-type=\"cta-button\">\n Get Started <\/a>\n\n<\/div>[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-market-trading-rules-and-regulations\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Market trading rules and regulations&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Get up to date with market trading rules and regulations&rdquo;]\n<h2>Get up to date with market trading rules and regulations<\/h2>\n<p><span style=\"font-weight: 400\">Unsurprisingly, you can&rsquo;t just rock up to your local market and start selling. There are rules and regulations that you need to research and adhere to before you start trading.&nbsp;<\/span><\/p>\n<h3><b>&#10003;<\/b><span style=\"font-weight: 400\"> Obtain a market stall traders&rsquo; license<\/span><\/h3>\n<p><span style=\"font-weight: 400\">According to existing market traders, a trader&rsquo;s license can cost in the region of &pound;1,000. However, you need to get in touch with your <\/span><a href=\"https:\/\/www.gov.uk\/market-stall-licence\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">local council<\/span><\/a><span style=\"font-weight: 400\"> to apply for one, and to find out exactly how much it&rsquo;ll cost.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">There are temporary, casual, or permanent licenses available. However, according to gov.uk, you&rsquo;ll need to have held a temporary or casual market trader license before you can apply for a permanent one.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">You&rsquo;ll only be allocated a fixed pitch once you have a permanent license.&nbsp;<\/span><\/p>\n<h3><b>&#10003;<\/b><span style=\"font-weight: 400\"> Register for self-assessment with HMRC<\/span><\/h3>\n<p><span style=\"font-weight: 400\">As a self-employed business owner, you&rsquo;ll need to file your own tax returns. Keep a solid record of your income so you can correctly fill in the necessary online forms at the end of the year.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bear in mind that you could be heavily fined if you don&rsquo;t register for self-assessment within three months of starting your business.&nbsp;<\/span><\/p>\n<h3><b>&#10003;<\/b><span style=\"font-weight: 400\"> Get market trade insurance<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Your business insurance should cover you for:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Public liability insurance<\/b><span style=\"font-weight: 400\"> &ndash; to cover you if a customer injures themselves at your stall. You&rsquo;ll typically need cover up to &pound;5m<\/span><\/li>\n<li><b>Product liability insurance <span style=\"font-weight: 400\">&ndash; to cover you if any items or produce you sell cause harm to the buyer<\/span><\/b><\/li>\n<li><b>Employer&rsquo;s liability insurance <span style=\"font-weight: 400\">&ndash; a legal requirement if you hire staff, even if they&rsquo;re casual helpers<\/span><\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">If you&rsquo;re wondering whether or not you need a specific license for the products you&rsquo;re selling, the government has a <\/span><a href=\"https:\/\/www.gov.uk\/licence-finder\/sectors\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">useful web tool<\/span><\/a><span style=\"font-weight: 400\"> that can tell you which licenses you need based on the information you enter.<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-promoting-your-market-stall\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Promoting your market stall&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Promote your market stall&rdquo;]\n<h2>Promote your market stall<\/h2>\n<p><span style=\"font-weight: 400\">According to a survey carried out by US company Clutch, <\/span><b>75% of people<\/b><span style=\"font-weight: 400\"> are more likely to shop somewhere that <\/span><b>aligns with their own values<\/b><span style=\"font-weight: 400\">. As a market stall holder, you can hone in on those values, whether they&rsquo;re all about sustainable produce, local specialties, or organic products.<\/span><\/p>\n<p><span style=\"font-weight: 400\">How? By communicating your values through digital marketing. But how do you use these channels well?&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Consistent branding<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Keep your branding consistent across all of your communication channels. Your social media channels and website should resonate with your values, just as much as your stall signage, business cards, and carrier bags.&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Have a business website<\/span><\/h3>\n<p><span style=\"font-weight: 400\">These days, a business website is essential. Many potential customers will want to learn about who you are and what you do before they decide to buy anything from you.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">You may even want to create an ecommerce website to supplement your face to face sales.&nbsp;<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-125783 aligncenter\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26160015\/wix-screenshot.png\" alt=\"Wix screenshot\" width=\"640\" height=\"390\" srcset=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26160015\/wix-screenshot.png 640w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26160015\/wix-screenshot-480x293.png 480w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26160015\/wix-screenshot-525x320.png 525w\" sizes=\"(max-width: 640px) 100vw, 640px\"><\/p>\n<p style=\"text-align: center\"><b>Website builders such as Wix and GoDaddy allow you to build attractive, professional websites<\/b><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">You can purchase a domain name (i.e. the name of your website) for as little as &pound;15\/year. The cost of hosting your website starts from &pound;6 a month for a shared server, while private servers with the highest security credentials can cost up to &pound;75 a month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Building a website is a time-consuming process. You&rsquo;ll need to source high quality images and high quality content, then spend time playing around with the drag-and-drop functionality of your chosen template to create the best design.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Alternatively, you can pay a digital agency to build a website for you. However, this can cost upwards of &pound;1,000.&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Promotional material for your market stall<\/span><\/h3>\n<p><span style=\"font-weight: 400\">It&rsquo;s worth investing in signage for your stall so that people become familiar with your brand name. Durable foamex boards cost from around &pound;32, and hold up well in outdoor conditions.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Branded carrier bags are a good way of spreading your name around your local area. Make sure you include your brand name and an image or slogan that encompasses the products you sell, so people know why they should come to you.&nbsp;<\/span><\/p>\n<p>Rollagranola CEO Robin wishes he&rsquo;d known the importance of marketing materials before he started his market stall.<\/p>\n<p><em>&ldquo;One thing we didn&rsquo;t have straight off the bat was marketing materials so in hindsight, we lost a few folks that could have become Rollagranola customers. <\/em><\/p>\n<p><em>&ldquo;Leaflets that people can take away are invaluable for driving people to your website and encouraging repeat or first-time purchases. But remember, anything loose will blow away and get wet, so keep it close!&rdquo;<\/em><\/p>\n<h3><span style=\"font-weight: 400\">Social media<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Social media is a free and powerful tool that, when used wisely, has the potential to increase your stall&rsquo;s footfall.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<\/p>\n<h3>Facebook<\/h3>\n<p style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-125784\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26161514\/camden-market-facebook.png\" alt=\"Camden market Facebook\" width=\"640\" height=\"390\" srcset=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26161514\/camden-market-facebook.png 640w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26161514\/camden-market-facebook-480x293.png 480w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26161514\/camden-market-facebook-525x320.png 525w\" sizes=\"(max-width: 640px) 100vw, 640px\"><\/p>\n<hr>\n<p><span style=\"font-weight: 400\">Set up a Facebook page where you can interact with your customers. Encourage customers to leave reviews, and use your profile to engage in conversations that demonstrate your values.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<\/p>\n<h3>Instagram<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-125785\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26162355\/Camden-market-instagram.png\" alt=\"Camden market instagram\" width=\"640\" height=\"390\" srcset=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26162355\/Camden-market-instagram.png 640w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26162355\/Camden-market-instagram-480x293.png 480w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26162355\/Camden-market-instagram-525x320.png 525w\" sizes=\"(max-width: 640px) 100vw, 640px\"><\/p>\n<hr>\n<p><span style=\"font-weight: 400\">Set up an Instagram account where you can share photos of your products, and create posts that reflect your brand values. Make sure you use the same tone across all of your social media channels, and use hashtags to participate in trends.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<\/p>\n<h3>Twitter<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-125786\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26165200\/Camden-market-twitter.png\" alt=\"Camden market twitter\" width=\"640\" height=\"390\" srcset=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26165200\/Camden-market-twitter.png 640w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26165200\/Camden-market-twitter-480x293.png 480w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/26165200\/Camden-market-twitter-525x320.png 525w\" sizes=\"(max-width: 640px) 100vw, 640px\"><\/p>\n<hr>\n<p><span style=\"font-weight: 400\">Twitter is also great for engaging in current trends. You can support topics that resonate with your brand, and use hashtags to create and join conversations with people within your community.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<\/p>\n<h3><span style=\"font-weight: 400\">Offer incentives for repeat purchases<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Simon Paine is the co-founder of the PopUp Business School &ndash; an organisation that helps people from all walks of life start their own business. His advice for market stall holders looking to encourage customer loyalty is as follows:&nbsp;<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#5200bc\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 80.6866442,5.63220767 78.4997023,5.67682799 C76.0825561,5.72144832 73.5963485,5.64708111 71.271284,5.73632176 C69.3605874,5.81068898 67.5649931,5.76606865 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C93.7382456,5.00097614 93.5574663,4.98157762 93.3766871,4.98157762 C93.2862975,4.98157762 93.1055183,5.00097614 93.1055183,5.00097614 C93.0452585,5.03977318 93.2260378,5.03977318 93.4369469,5.03977318 Z M64.6758363,6 C64.7963558,6 64.977135,6 65.0072649,6 C65.1579143,5.98060148 64.977135,5.96120296 64.7963558,5.96120296 C64.7059662,5.96120296 64.5854467,5.96120296 64.4950571,5.98060148 C64.5553169,5.98060148 64.6155766,5.98060148 64.6758363,6 Z M90.6789362,4.03643854 C90.5885466,4.03643854 90.4680271,4.01704002 90.3776375,4.01704002 C90.1365986,4.01704002 90.0160791,4.03643854 90.1667284,4.05583706 C90.2269882,4.05583706 90.4077674,4.07523558 90.498157,4.05583706 C90.5885466,4.07523558 90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><i><span style=\"font-weight: 400\">&ldquo;Have dialogue with your customers to understand their problems. That way, you can sell higher value items to the customers you&rsquo;ve built trust with. It&rsquo;s not so much about getting more customers &ndash; it&rsquo;s about getting smart with the customers you do get.&rdquo;<\/span><\/i><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text hash_url=&rdquo;&rdquo; title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">Many people come to markets for a more personable experience. They want to build relationships with market stall holders, so if you notice someone is becoming a regular customer, offer them a loyalty card or give them special discounts.&nbsp;<\/span>\n<h3><span style=\"font-weight: 400\">Customer service: become the face of your market stall<\/span><\/h3>\n<p><span style=\"font-weight: 400\">If people like who you are, they&rsquo;ll come back. Be friendly to your customers. Talk to them about their day if you&rsquo;re not too busy. Smile.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">On top of that, make the purchasing process as convenient as possible. If customers don&rsquo;t have cash, have the pay by card option ready. A card reader and a mobile phone may be all you need &ndash; our guide to the <a href=\"https:\/\/startups.co.uk\/payment-processing\/best-small-business-credit-card-machines-readers\/\">best card reader for a small business<\/a>&nbsp;will help you choose.<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-the-key-skills-needed-for-market-selling\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;The key skills needed for market selling&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Practice the key skills needed for market selling&rdquo;]\n<h2>Practice the key skills needed for market selling<\/h2>\n<p><span style=\"font-weight: 400\">You don&rsquo;t need to have the sales skills of a stereotypical car salesman to run a market stall, but you do need to be chatty, good at negotiation, and quick at cash counting.&nbsp;<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#5200bc\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 80.6866442,5.63220767 78.4997023,5.67682799 C76.0825561,5.72144832 73.5963485,5.64708111 71.271284,5.73632176 C69.3605874,5.81068898 67.5649931,5.76606865 65.7003374,5.76606865 C62.4084144,5.76606865 59.0934709,5.79581553 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C93.2862975,4.98157762 93.1055183,5.00097614 93.1055183,5.00097614 C93.0452585,5.03977318 93.2260378,5.03977318 93.4369469,5.03977318 Z M64.6758363,6 C64.7963558,6 64.977135,6 65.0072649,6 C65.1579143,5.98060148 64.977135,5.96120296 64.7963558,5.96120296 C64.7059662,5.96120296 64.5854467,5.96120296 64.4950571,5.98060148 C64.5553169,5.98060148 64.6155766,5.98060148 64.6758363,6 Z M90.6789362,4.03643854 C90.5885466,4.03643854 90.4680271,4.01704002 90.3776375,4.01704002 C90.1365986,4.01704002 90.0160791,4.03643854 90.1667284,4.05583706 C90.2269882,4.05583706 90.4077674,4.07523558 90.498157,4.05583706 C90.5885466,4.07523558 90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><strong>Robin Longden, former market stall owner and founder of <a href=\"https:\/\/rollagranola.com\/\" target=\"_blank\" rel=\"noopener\">Rollagranola<\/a>, says:&nbsp;<\/strong><\/p>\n<p><em>&ldquo;As a start-up remember: Consumers are your friends, engage and chat &ndash; don&rsquo;t think about the sale &ndash; people buy if they are happy and they are genuinely interested in the products.&rdquo;<\/em><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<b>This means it&rsquo;s important to have:&nbsp;<\/b>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">An approachable, personable and enthusiastic attitude. Friendly customer service goes a long way in market selling<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A good grasp of English. On a busy day, you might be fielding questions left right and centre, and will need to be able to provide customers with the information they&rsquo;re seeking before they buy<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A flair for sales, and confidence in negotiating<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Good numeracy skills. You&rsquo;ll need to be able to add up prices speedily, and if you&rsquo;re given a wad of cash, you&rsquo;ll need to return the right change quickly<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Some prior experience in retail<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Moreover, you should be able to endure long and challenging days. Samantha Wallace gives an idea of the hours you might expect, although these won&rsquo;t be the same for everyone, and may depend on your market&rsquo;s opening and closing times:<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#5200bc\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 80.6866442,5.63220767 78.4997023,5.67682799 C76.0825561,5.72144832 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M93.4369469,5.03977318 C93.5273365,5.03977318 93.7081157,5.02037466 93.7081157,5.02037466 C93.7382456,5.00097614 93.5574663,4.98157762 93.3766871,4.98157762 C93.2862975,4.98157762 93.1055183,5.00097614 93.1055183,5.00097614 C93.0452585,5.03977318 93.2260378,5.03977318 93.4369469,5.03977318 Z M64.6758363,6 C64.7963558,6 64.977135,6 65.0072649,6 C65.1579143,5.98060148 64.977135,5.96120296 64.7963558,5.96120296 C64.7059662,5.96120296 64.5854467,5.96120296 64.4950571,5.98060148 C64.5553169,5.98060148 64.6155766,5.98060148 64.6758363,6 Z M90.6789362,4.03643854 C90.5885466,4.03643854 90.4680271,4.01704002 90.3776375,4.01704002 C90.1365986,4.01704002 90.0160791,4.03643854 90.1667284,4.05583706 C90.2269882,4.05583706 90.4077674,4.07523558 90.498157,4.05583706 C90.5885466,4.07523558 90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><i><span style=\"font-weight: 400\">&ldquo;On a market day, we&rsquo;re up at 7am, checking emails and doing last minute bits of admin, and then we&rsquo;re off to the stand. We open at 10am, having stocked up and tidied up. It&rsquo;s then all on, chatting to customers until we close at 5pm. We usually leave by 6pm, having mopped floors, cleaned surfaces, etc.&rdquo;<\/span><\/i><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">Aside from having the required professional experience and personal skills, you&rsquo;ll need to familiarise yourself with the processes that come with owning a small business. These include:<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bookkeeping<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Understanding profit margins and costs<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Sales<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">General business skills<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">There are plenty of short courses online that will bring you up to speed with the above. The <\/span><a href=\"https:\/\/www.open.edu\/openlearncreate\/course\/view.php?id=2179\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">beginners course to business<\/span><\/a><span style=\"font-weight: 400\"> provided by the Open University is free, and requires just 15 hours of study.&nbsp;<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-becoming-a-member-of-the-nmtf\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Becoming a member of the NMTF&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Become a member of the National Market Traders Federation (NMTF)&rdquo;]\n<h2>Become a member of the National Market Traders Federation (NMTF)<\/h2>\n<p><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.nmtf.co.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">NMTF<\/a> is an organisation that represents market traders, street traders, events retailers, and mobile caterers. It&rsquo;s there to assist market traders with general, legal, and financial advice.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">By becoming a member of the NMTF, you&rsquo;ll also have access to market traders&rsquo; insurance, liability protection, and access to discounted mobile card machines.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">So what are the annual subscription rates?<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Single\/Sole Trader Membership: &pound;140.00<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Dual Membership (two persons in partnership) &pound;210.00<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Triple Membership (three persons in partnership) &pound;280.00<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Quadruple Membership (four persons in partnership) &pound;350.00<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-7-top-tips-from-experts\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;7 top tips from experts&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Starting a market stall: 7 top tips from experts&rdquo;]\n<h2>Starting a market stall: 7 top tips from experts<\/h2>\n<p><span style=\"font-weight: 400\">We talked to several people who have plenty of experience in the market trade. They&rsquo;ve offered us the following advice:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Talk to other traders &ndash; learn as much as you can about the trade before start<\/span><\/li>\n<li><span style=\"font-weight: 400\">Register as a sole trader, not a limited company (to reduce tax bills in the early stages)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Brush up on your social media skills; this is an effective marketing channel!<\/span><\/li>\n<li><span style=\"font-weight: 400\">Take a measured approach when it comes to initial stock purchases<\/span><\/li>\n<li><span style=\"font-weight: 400\">Negotiate small minimum order quantities to test product, price, and promotion combinations<\/span><\/li>\n<li><span style=\"font-weight: 400\">Ask for feedback in real time; keep a dialogue open with existing customers<\/span><\/li>\n<li><span style=\"font-weight: 400\">Stay on your feet, stay passionate, engage with your customers<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h2&Prime; title=&rdquo;What&rsquo;s next? Beyond the marketplace&rdquo;]<\/p>\n<h2>What&rsquo;s next? Beyond the marketplace<\/h2>\n<p><span style=\"font-weight: 400\"><strong>Did you know Marks and Spencer, Dunelm, Poundland, and Superdry all started off as market stalls?<\/strong> The founders of these big brands had two things in common &ndash; a unique concept, and an immense amount of drive.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">To take your business from a market stall to a shop, you&rsquo;ll need a great concept, a hefty cash injection, a confident business plan, and the drive to battle through any roadblocks. One person who managed to do that was Levi Roots.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Before making it big in British supermarkets, Roots began his business selling his Reggae Reggae Sauce from a market stall at London&rsquo;s Notting Hill Carnival. He grew his brand&rsquo;s popularity by playing reggae music as people perused his products.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, it took him 16 years of rejection and an eventual &pound;50,000 investment from investor Peter Jones to take him and his products to new heights.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">His story goes to show that having a market stall really is just the beginning. If you can create a brand, a social buzz, a reason for people to come back, <\/span><i><span style=\"font-weight: 400\">and <\/span><\/i><span style=\"font-weight: 400\">you have plenty of drive, you have the perfect recipe for a future retail store.&nbsp;<\/span>[\/vc_column_text][vc_column_text]<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"cta-content\" data-eventcategory=\"cta-banner\" data-component=\"cta-image\">\n\n <div class=\"cta-content-image\">\n <img decoding=\"async\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2019\/01\/Taking-payment-CTA-320x289.jpg?width=100&height=100&fit=crop\" srcset=\"\" alt=\"\" width=\"100\" height=\"100\" data-caption=\"\" class=\"flexi-comp-img\" loading=\"lazy\" sizes=\"\"> <\/div>\n \n <div class=\"cta-content-part\">\n\n <span class=\"cta-content-heading\">\n Make sure your market stall accepts card payments <\/span>\n \n <p>Comparing quotes for merchant accounts and card readers will get you the best deal for your small business<\/p>\n \n <\/div>\n\n <div class=\"cta-content-box\">\n <a class=\"cta-content-button btn btn-primary\" href=\"https:\/\/webforms.startups.co.uk\/merchant-accounts\" data-cta-type=\"cta-image-button\" target=\"_self\" data-eventaction=\"Get quotes for free\">Get quotes for free <\/a>\n <span class=\"cta-content-subtext\">\n It only takes 2 mins <\/span>\n <\/div>\n \n<\/div>\n[\/vc_column][\/vc_row]\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]While market stalls were some of the first businesses to reopen after the COVID pandemic thanks to their Covid-friendly outside set-ups &ndash; the impact of the current economic crisis, and reduction in consumer spending, is leaving them with a substantial loss of footfall. As a result of this, if you are planning to start [&hellip;]<\/p>\n","protected":false},"author":91482,"featured_media":125775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4610,2999],"tags":[],"acf":[],"yoast_head":"\n<title>How to start a market stall or become a market trader<\/title>\n<meta name=\"description\" content=\"Market stalls are an excellent, low-budget way to launch your brand. From costs to legal legislation, here\u2019s everything you need to know.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/startups.co.uk\/guides\/how-to-start-a-market-stall\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to start a market stall or become a market trader\" \/>\n<meta property=\"og:description\" content=\"Market stalls are an excellent, low-budget way to launch your brand. 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