What is a market trader?
Becoming a market trader is a great way to start your own business, as it’s a fairly low-cost and straightforward industry. What’s more there has never been a better time to set up a market stall and start trading. According to a 2009 report by the Retail Markets Alliance, markets in major cities largely outperformed high street shops during the recession, as people increasingly sought original and inexpensive bargains. The findings of this research revealed that the UK’s retail and wholesale markets sector has an annual turnover of £7.6bn, generated by 47,000 small to medium businesses. And in addition, the UK’s 1,400 markets employ around 95,000 people, which is good news for the turbulent job market. As a self-employed trader you can enjoy working in a friendly environment and amongst like-minded people, while selling products you’re passionate about, or perhaps that you have made yourself. If you’re not planning on selling your own goods, deciding what to sell and then finding the right products are often the hardest parts about opening a stall. It’s worth investing time and effort into sourcing your merchandise, because if it doesn’t sell, your business won’t survive for long.