The market is a collection of various transactions associated with the purchase or sale of goods, and in some cases, services. Market trading is fun and exciting. Success in market trading is due to the presence of such qualities as knowledge of the consumer market, confidence, dedication, and sometimes intuition, the ability to competently manage money, making a profit and, of course, the desire to work.
Instructions
Step 1
When deciding to start trading on the market, carefully and slowly study the main range of goods that you can sell. Take the time to visit one or more markets. Take a closer look at the different types of products for sale.
Step 2
As a potential buyer, talk to sellers. Find out from them how actively the product is being sold, what is its variety, pay attention to its quality, price, identify possible advantages in the sale. Take a closer look at the number of buyers interested in a particular product. Record all information in a notepad. This information will help to assess the structure of the market and identify the most successfully selling product category.
Step 3
Find among your friends or acquaintances those who have ever been or may be currently engaged in trade. Call them, share your plans, ask for advice. Make an appointment to discuss any questions you might have, after making a list of them. This will make it easier to draw up an action plan for a successful start of trading in the market.
Step 4
Find articles on market trading online. Pay attention to the opinion of experts in the field. Based on the information gathered, draw up an action plan to get started.
Step 5
Decide on the category of product you will be selling. Calculate the amount required to invest in a product, determine the time frame for obtaining profitability from its sale. Don't forget to factor in the basic expenses, which include the cost of renting a retail space, taxes, and the salaries of sellers. Do not forget that you always need to have a certain amount of free money to buy a new batch of goods, since trade implies a constant turnover, which includes money and products.
Step 6
Register as an individual entrepreneur by contacting the registration authority at the place of registration, by submitting an official application of the established form for the registration procedure. Take your passport and TIN with you. Get detailed information about the system and tax rate from the registering authority. Carefully study the procedure for subsequent tax reporting. Get a certificate of registration, if necessary, order a seal and start ordering products.
Step 7
Find the sources that you will use to buy the product in the future with the aim of its subsequent resale. They must be reliable and proven. Gather detailed information about the companies you plan to work with. It is advisable to document cooperation - this will save you from possible negative consequences.
Step 8
Find a place in the market that would be famous for its good traffic among buyers and find out its price. If everything suits you, contact the market director with a request to sign a lease agreement for a trading place. When concluding an agreement, carefully read its content, paying attention to the conditions and procedure for settlements. Deliver the purchased goods for sale to the rented retail space and get to work.
