SET OUT YOUR STALL How to Make the Most of Market Trading Chris Savage Projects Manager...
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SET OUT YOUR STALL How to Make the Most of Market Trading Chris Savage Projects Manager [email protected] .uk Rachel Harban Deputy Projects Manager [email protected] k 01226 749 021 www.nmtf.co.uk Hello!
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Transcript of SET OUT YOUR STALL How to Make the Most of Market Trading Chris Savage Projects Manager...
SET OUT YOUR STALLHow to Make the Most of Market Trading
Chris SavageProjects Manager
Rachel HarbanDeputy Projects Manager
01226 749 021www.nmtf.co.uk
Hello!
#marketsmatter
What is the NMTF?
• Not-for-profit• Trade association• Run by traders• Membership• Diverse group of
members• Representation• Industry leadership
Established 1899
Promoting
markets
#marketsmatter
The Markets Industry
• “A concourse of five or more buyers and sellers”
• Fairs, festivals, car boots… all markets!
• Street trading… a market in everything but law
• Public vs. Private vs. Not-For-Profit
• Trade associations• National Government
• The most important people… small businesses like you!
Porto
bell
o Road
Romford
#marketsmatter
Trading in London
Local Authority• London Local Authorities Act• City of Westminster Act• Food Act
• Street trading• Licence• Can stipulate toll, location, size,
days, times, goods sold…• Tolls cover basic provision• Service charges• Right of appeal, to complain
Private Operator• May have to permission from
franchise rights holder• Planning Permission
• Markets… mostly• License, lease or nothing!• Can stipulate charge, location,
size, days, times, goods sold…• Make a profit!• Service charges• Right of appeal…?
Need to
know stuff!
#marketsmatter
So you’ve got a business idea…
Business Plan
Competitors
Customer needs
Unique selling point
Market research
Retailing
Finances
Can’t
do ‘owt
wi’out
brass! What makes you
different…?
#marketsmatter
Preparing to go…
Market Trading
Risk assessments
Equipment
Insurance
Tax and self-assessment
Budget
Food hygiene
Avoid iffy
tummies!
You never know what could happen!
Paperwork
isyour friend!
#marketsmatter
You’re on the way…
On the gaff
Stock insurance
Safety and
security
Prepare for bad weather
Get there early
Customer feedback
Know your
rights!
Get to know the traders
Every
conversat
ion is a
sales
pitch
This is England after all!
Get a copy
of the rules
and regulations
#marketsmatter
Stay on top of it…
Embrace change
Retail training
Digital marketing
Join a trade association
Listen to customers
Monitor competition
Check out new markets
Positive attitude
Opportunities are
everywhere
There is strength in numbers!
Get on the
waiting lists
Don’t
be Mr.
Grump
y!
All feedback is good
feedback
ENJOY TRADING!Visit us on stand T470
Chris SavageProjects Manager
Rachel HarbanDeputy Projects Manager
01226 749 021www.nmtf.co.uk
Thank
you for
listening!
