Mad Maine Vintage Shop

This little blog will chronicle my ventures into selling vintage items in a local antique market.
My booth is called Mad Maine Vintage Shop - it features items inspired by a certain popular TV show,
and I am located in lovely Maine. Viva Vintage!



Tuesday, September 18, 2012

Let's do the numbers

As my radio voice crush, Kai Ryssdal, says every day on Marketplace: Let's do the numbers.

I sat down with my spreadsheet tonight to see how I really did my first month as an antique booth owner.  Since I had decided that owning an antique booth must make me some profit (meaning $1 after paying rent), I vowed to keep track of my items - in other words, how much I originally purchase them for, how much they sell for and what the fees are.

So, after adding up all the numbers, this is what I found:

My total sales: $283
 
Wholesale price (what I originally paid for the items): $35.29
 
Fees deducted (credit card fees, sales tax and dealer discount): $16.83
 
Booth rent: $85
 
Profit: $145.88
 
 
Ok, this might not seem like a big number, but I exceeded my first goal, which was to make enough to cover rent!  So the fact that I made a profit is a huge success for me!  And my husband, who initially was quite sceptical of my new adventure, is very relieved and actually a little bit impressed that my new hobby does not cost money, but actually makes money.
 
 
My entrepreneurial spirit has been fueled. I have already started looking at upgrading my booth to a larger one, and the other day, the owner said that one of the perimeter booths are coming up for rent in a month.  I like this place, and the fact that they don't charge commission is a big bonus in my mind. Should I stay put for a while and not push my luck or upgrade to a "real" space with wall and floor space as well...? 
 
I close with two types of buckets I found last week.  The wood one is for shoe shining stuff and the yellow vinyl one is for ice.  I just love the contrast and that they are both currently in my booth.  How cool it is to marry these buckets in one place - nothing beats an antique market!
 
 
 


5 comments:

  1. that is great! go you on your first month! i've been trying to keep track of what i've paid for things too, but some I've had for so long I can't remember any more!

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  2. Great job! That is a wonderful number and fantastic for a first month. Very excited for you and am hoping that your good sales will rub off on Rae and I. I'm going to do my numbers this weekend so cross your fingers for me.

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  3. Congrats on the new booth. It's a riot isn't it?

    No commission? Nice---

    My old man has issues with it too, but he has learned to accept things. All they see at first is us out spending all this money on junk and turning our homes into what looks like an episode of Hoarders. But they tend to come around when you show them dollar figures and prove that it is a business and we take it seriously.

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    1. When hubby wants to tease me about bringing another cool item home, he always mentions Hoarders - knowing that I have a pathological fear of that TV show. I bet he will stop is teasing all-together if I keep bringing home dough :-)

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