Entrepreneurship
Entrepreneurship for Antique Stores, small business, startups, management, finance, and planning.
eBay Fraud Protection Plan Boosts Your Sales
eBay fraud is in the news again. The headline reads: “Three eBay Fraud Rings Dismantled in Romania.” Romania must be a hotbed of Internet-scam artistry. Just a few years ago, a headline read: “Small Romanian Town Gets Rich Through eBay Scams.” They must be fast learners in Romania. The first attempts at eBay fraud included […]
Should You Open an Antique Mall Booth?
Should you open an antique mall booth? The answer to that question will vary according to who you ask. Folks who have opened a booth and failed will, of course, tell you “no”. Many antique dealers will tell you “no” as well, citing the fact that their sales are getting lower every year. Operators who […]
Training Antiques Sales Associates to Succeed
I get a big kick out of my fellow auctioneers. Some of them (especially the newbies) think that auctioneers are such great salesmen. Wherever auctioneers gather, you will see a few of them assembled telling “war stories” and comparing notes about what they and others have sold. At some point in the conversation, someone will […]
Reduce Inventory with a Remote Live Auction Sale
Antique dealers often buy at remote live auction sales, but few consider having such a sale for themselves. Retailers are optimists by nature. You wouldn’t believe it to talk to them but it’s true. They keep hoping that they will have a run on their slow-moving merchandise. They are not willing to continue to drop […]
How to Buy an Antiques Business
Are you in the market to buy an antiques business? Would a listing like this one pique your interest? For Sale: “Great little antique shop … packed floor to rafters with inventory of all types … new owner won’t have to buy inventory for two years … make more money if new owner will keep […]
Anchor Pricing for Higher Antique Sales
You’re a rational person. As a rational person, if I tell you that you’re about to be tricked then you will be on guard, and less likely to be fooled. Or so you think. Prepare yourself to be tricked while taking the following pop quiz: 1. Is the average temperature in San Francisco higher or […]
Right Accounting Software Can Transform Your Antiques Biz
Since retiring from my full-time pursuits a few years ago, my wife Jill and I have begun to go grocery shopping together. Well, perhaps “shopping together” is a misnomer. We enter the store together, to be sure; but I’m given a list and a hand basket, Jill takes a cart, and we go our separate […]
3 Ways Google Trends Will Improve Your Business
Everyone wants to know what’s hot, what’s selling and what’s not. Fashion, entertainment, shopping, news and technology all have their daily “trending now” web updates. “What’s Hot” lists are not uncommon in the antiques trade, but since there is no standardized reporting format (like there is in larger industries), it’s difficult to interpret the list […]
Antique Mall Rents Should Be Based on Location, Traffic
Why do antique mall owners tell dealers they are selling space when they are really selling traffic? Who pays for traffic? A well-worn aphorism is that there are but three important considerations in real estate: location, location and location. I submit that this isn’t true for antiques dealers. For antiques dealers, the three most important […]
7 Ways to Reduce Antiques Theft
It was just after 7 a.m., and the Mountain Top Antique Mall in Hillsville, Va., hadn’t opened yet. A late-model black pickup truck pulled into the mall’s lot and parked. An older man got out of the truck, walked up to the porch and tried the door; it was locked. No one was around and […]