Money, money, money! You’re bringing in all that cash selling at Mile High Flea Market, so what do you do with it? With all those bills and coins moving around, we wanted to help you find the best way to handle all that cash you’re making. We’ll also help you figure out what else you can use when cash just won’t cut it. Take a look at these tips on how to handle your cash.
Keep it clean
Handling cash can be a messy business; according to studies, cash is covered in germs. Some people like to wear gloves to keep their hands clean and reduce the risk of germs. If you do wear gloves, be sure to remove them or change them before touching your face or handling food.
To decrease the spread of germs, keep hand sanitizer that contains at least 60% alcohol for you and your clients to sterilize your hands in between transactions. Also, regularly washing your hands for at least 20 seconds with soap and water will help decrease the risk of spreading germs.
How much cash should you carry?
You’ll need to have cash around to help make change. But how much should you carry? Generally around $50–100 a day in various small bills and a variety of coins for change. An ATM is available on site at Mile High Flea Market if you need more cash. Also, try to price your items rounding up or down to the nearest dollar to avoid using coins.
Keep your cash secure
Keep your cash properly secured at all times. Know how much you have when you start the day and keep track of how much goes in and out. Always keep your cash on you, securing it in a money belt around your person can be a great way to know where it is. You can also use a zipper purse or cash box, but be sure to keep it with you even if you leave your booth.
Offer payment alternatives
Cash is no longer king when it comes to paying for products. That’s why it’s always a good idea to have another way for your customers to pay. The good news is there are a lot of easy options for payment. Check out a few:
- Many people use the Venmo app as a payment method. You can have them scan the QR code through your app, or you can print out your QR codes and keep them around for easy access. You can create a personal account or a free business profile if you’re a serious seller.
- Zelle® is also a secure way to pay with availability on many banking apps. If their bank doesn’t provide Zelle®, your customers can use the Zelle® app.
- Another popular payment method is PayPal. You can create a merchant account and provide your clients a variety of ways to pay, including breaking payments down into four different installments. You can even use PayPal to allow your customers to pay with a credit or debit card.
- Square is another way for your clients to pay with credit or debit cards. Square Cash supports AMEX, Visa, Mastercard, Discover credit and debit cards. But watch out for and factor in fees—a fee of 2.75% is included when you use Cash for Business.
Be sure to have at least one method of payment other than cash so you don’t miss a sale!
Ready to start raking in the cash?
At Mile High Flea Market, sellers make an average of $250–1,000 a weekend. Ready to bring in some extra cash? Book your space today.