BoothBooks Vendor Tip #25: Payment Methods

There is no denying that now more than ever, technology guides the way we do things. In our world, we rely on it to get us through our daily life. For many of us, we have transitioned away from the almighty dollar and gone to the (hopefully) mightier debit card. Even something as simple as our morning bagel is now a technological experience. As vendors, it is important to stay up to date on the easiest ways to buy, and while it may seem like cash is the simplest way to go, you could be putting your business at risk by clinging to that cash register.

Thankfully, there are solutions, and as the technology grows, those options are easier to obtain. Debit and credit cards have changed the way we pay, but companies like Square and PayPal allow you to stay ahead of that change, by allowing vendors with a smartphone to accept payments via mobile card readers. This keeps your business from missing out on those last-minute sales when everyone has emptied their cash reserves after a long market weekend.

Even without cards, there are other purchasing options available to customers. Apple Pay is a great new way to allow businesses to accept a payment from an attached bank account. Customers can sync their Apple Watch or iPhone with their accounts, making purchasing even simpler. But what about our non- Apple customers? Programs like Venmo and CashApp let you send money directly between phones, and it is simple as a retailer to accept payments from customers, at no cost to you.

Although there are many non-cash options, we can’t forget about our green friends. After all, cash is king, and it feels good to walk away from a busy market with spendable profit. However, we must keep in mind that carrying large amounts of money can be risky, so it’s good to practice caution. Never keep more than $20 bills in your register, and try to only keep what you need to make change. Also, it’s recommended that vendors keep a sturdy safe or lockbox, preferably out of site, like in a camper or car, with the doors locked. No one wants to walk away from a day of sales with less than what they started with, so be vigilant.

No matter how customers choose to pay, it’s up to vendors to stay ahead of the ever-growing technology. Utilizing the resources that are available, retailers can keep up to date on mobile card readers, payment apps, and even Google for those newest fire-proof lock boxes.

Be sure to check back regularly for more great market tips!

BoothBooks creates best-in-class market management software. Easily handling payment history, vendor registration, layouts, reporting, and more. To find out more visit our website, or check us out on social media.

Market Tip #214: Vendor Loyalty

No matter what their specialty may be, markets are an amazing place. The open venues, the community feel, and the mystery of what may be on those tables can always be counted on to keep customers coming back. But is that the only thing that matters? In the market business, so often we look only at foot traffic in and out of our booths to measure success, when we should also be focusing on another one of our greatest assets—our vendors.

Vendors are truly what makes a market work, and the variety of products they bring is only a small part of it. The craftsmanship and pride that many take when hawking their wares can draw people in from all over the state, especially if they are known by shoppers for their quality. This kind of rapport and familiarity brings in more shoppers than may be apparent, which brings up the question—how do we keep our vendors coming back?

Vendors come (and keep coming back) to those markets which are memorable for treating them well and give them a chance to succeed. Making the markets successful for them is only half the battle—you’ve got to make it fun. Your vendors can join in on events if you include them, and you could even offer discounts for the off season to encourage year- round profits. A membership card at your market for vendors which included showers, RV hook-ups, and other possible amenities can keep your retailers pampered. Often, the competition of markets forces us to forget that vendors can be family that keeps coming back, and with them, their loyal clientele. Something as simple as a loyalty card for returning vendors can help create that extra push for your last available booth, and make retailers look forward to coming back.

Markets thrive when vendors are happy, and BoothBooks can help. With such a variety of people bringing their products in, it can be difficult to make sure everyone has the same opportunity to thrive. By giving vendors an efficient and user-friendly resource to book their booths and see the amenities, pay their rent, and get a feel for the venue, it helps build trust in your market and lets them participate more in the process.

The next time you’re wondering what you can do to make your vendors more excited to reserve a booth at your market, think about what you love about it. Do you have great events that keep things from getting bland? Is your market community open and friendly? Do you have brag worthy amenities for the vendors that keep coming back? Share these things with your retailers, and they will not only love your market, but will be loyal for years to come.

Be sure to check back regularly for more great market tips!

BoothBooks creates best-in-class market management software. Easily handleing payment history, vendor registration, layouts, reporting, and more. To find out more visit our website, or check us out on social media.

Market Tip #98: Use Special Events to Increase Visitors

Whether its because you’ve hit that off-season slump, or you’ve lost your “new market” appeal, seeing your customer numbers slip is the last thing you want. In a world where people judge businesses off of word of mouth and Yelp reviews, we need to keep our customers coming back.  Whatever the case, you need something to boost those numbers, and spicing up your market with different events can be a great technique.

Events are  a great way to draw people in. They can be anything, and are super easy to promote. These events keep your market from turning into a forgettable venue, and can be as simple as bringing in local food trucks, or as extravagant as a themed market weekend.

While these events can mean large crowds and big bucks for your market and booths, it also helps create a community experience. Bringing in local bands can be a great way to show your support for not only them, but for your city and local arts as well. Something as simple as asking the local high school marching band to come play at your market will foster a sense of community and grow your clientele.

Why not have a local produce weekend dedicated to the family farms that people pass on their way to work everyday? You can help create a sense of unity in your market, and keep people coming back for the quality products they’ve grown to love.

Any event will give you something to differentiate yourself from any other markets near by.  People will take note and stop in to support your market, and that added traffic will mean happy vendors. They will experience larger crowds, and higher sales.   

As your market grows and sees more foot traffic, your vendors will be more willing to pay a more competitive rate, increasing your overall profits. By using  market management software like BoothBooks, it’s simple to adjust booth rates based on your events, and to give vendors a more efficient way to work with you. That means vendors earn more, and you still see increased revenue as your market thrives.

The next time you think that your market is not meeting its full potential, think again. You may just need that little extra boost, and BoothBooks is here to help.

Be sure to check back regularly for more great market tips!

BoothBooks creates best-in-class market management software. Easily handleing payment history, vendor registration, layouts, reporting, and more. To find out more visit our website, or check us out on social media.