Another thing that worked well for us at a very large flea market, we became wholesalers. The regular sellers would not open right away but would prowl the booths of the folks who would only sell occasionally and didn't have permanent stalls.
We specialized in certain types of items and we would get a big rush of the "permanent sellers" buying from us between 6-7 am. They would take our stuff back to their stalls and charge more for them. The advantage to us was we sold out early and we could fill our truck the next week and do it all over again. The quick turn over of our money was the goal.
I used to change it up the reduce prices in the afternoon, I would raise them in the afternoon. It was a special circumstance, we set near the entrance and people would see our stuff first and remember our low prices. After a few hours walking around the flea market they thought they could come out a buy at a reduced price because it was afternoon. A few got upset and told me I was doing it wrong and I should be lower my prices, but they always relented and paid.
Also value is perceived on several levels including condition, completeness, cleanliness and price. If it is higher priced then its often perceived to be worth more and don't be in a hurry to lower prices.
I'm the guy who sells things cheaper in the morning than the afternoon and wants to turn my money over quickly, the longer I stay at the flea market the value I put on my stock goes up.
The last we were in the flea market business we specialized in video games and game systems. We put a 30 day warranty on our systems, put the serial number and date on one of our
business cards stating is was a 30 day warranty. We told the customers, no card no warranty. The other side was we stood behind our stuff. If it didn't work then you got your money back or exchange for another item, the customer's choice. Never a hesitation on the refund of the money. Lots of return customers, the ones we did refund always came back and many brought friends and family. Mike
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