How to start a farmers market business
If you’re looking to start a business, maybe you may consider starting a farmers market in your neighborhood and you may be the number one source of real food there.
Here are some steps you’ll need to start a farmers market.
Why start a farmers market business?
The why is always important. Here are some reason’s I think starting a farmers market business is necessary.
- The business tends to deliver quality food that is local and organic
- The need for nutritional food is on the increase, your farmers market business provide the quality food as needed and avoid the pain of having to look somewhere else
- You can provide job opportunity to people in your neighborhood.
- You can be a part of a co-op where your business will benefit from the farmers network which delivers the required item
- Can be ecologically viable and economically sustainable.
- You can make money from the business
How to start farmers market business
Here are 8 ways to start a farmers market business.
Decide what kind of market you’ll be. You’ll need to be very focus here. What item will be the most major focus? Are you focusing on organic product fresh or dried?
The most important are to make sure the supply will be readily available when you’re almost out of stock.
Make the plan. As with any business, you’ll need to draft a professional business plan to start your market.
The idea is for you to be able to know how much you’ll need, what equipment you need, profit and loss statement. Without a business plan, you won’t get very far without one.
Find a business professional to help you draft a plan that can take you to the streets with a successful agenda.
Team building. Team building is important in a farmers market business. You (hopefully) won’t be the only vendor at the market, and you may not even be one of the vendors at all, so choose at least 5 to 10 vendors to be a part of the budding team.
This help when you to maintain your customers even if you’re out of stock.
Diversify. As you grow in your farmers market business, don’t put all your eggs in one basket, and don’t choose vendors all selling the same thing.
Have an array of fruit, vegetable and animal stuff at your market. You may increase the number of items to increase your profitability and attract new customers.
Refer back to your mission to see that your vendors support your market’s goals, location and audience.
Location. It can make or break your market. Your location should be visible to people moving around and easy to get to, as well as accessible to all ages and audiences.
It should also have ample parking and room for bikes and, ideally, be relatively close to public transportation.
Make posters and hang at your location that clearly tells a new person what you do.
Make the rules. You’ll need to consult your state and city rules and regulations for starting a farmers market business, as every town is different. Questions you’ll need to consider include:
- Who are the vendors, and what are their products?
- Where and when will the market operate?
- What is the approved product?
- Who regulates the market?
- What are the costs of being a vendor?
- Who is in charge?
Follow the law. You’ve made your own rules for the market, but you also have to follow the law. Taxes, business registration, licenses, structures, insurance and health and sanitation are all huge considerations you’ll need to consult with your state and city’s public health office to comply with.
Questions you’ll need to consider include:
- What are the tax laws?
- Where do I register the business?
- What other licenses do I need?
- How do I make the structure?
- Which insurance is the approved one?
Get some help. Most city extension offices are there to help you jumpstart your market, and part of this includes seeking financial assistance. Search your local program to see what they can do for you.
To start a farmers market business can bring a whole new way of getting the food we need and when we need it.
What do you think?
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