SET OUT YOUR STALL
How to Make the Most of Market Trading
Chris Savage
Projects Manager
chris.savage@nmtf.co.uk
Rachel Harban
Deputy Projects Manager
rachel.harban@nmtf.co.uk
01226 749 021
www.nmtf.co.uk
What is the NMTF?
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Not-for-profit
Trade association
Run by traders
Membership
Diverse group of
members
• Representation
• Industry leadership
#marketsmatter
The Markets Industry
• “A concourse of five or more
buyers and sellers”
• Fairs, festivals, car boots…
all markets!
• Street trading… a market in
everything but law
• Public vs. Private vs. NotFor-Profit
• Trade associations
• National Government
• The most important people…
small businesses like you!
#marketsmatter
Trading in London
Local Authority
Private Operator
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London Local Authorities Act
City of Westminster Act
Food Act
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Street trading
Licence
Can stipulate toll, location, size,
days, times, goods sold…
Tolls cover basic provision
Service charges
Right of appeal, to complain
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#marketsmatter
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May have to permission from
franchise rights holder
Planning Permission
Markets… mostly
License, lease or nothing!
Can stipulate charge, location,
size, days, times, goods sold…
Make a profit!
Service charges
Right of appeal…?
So you’ve got a business idea…
Competitors
Customer
needs
Finances
Business
Plan
Unique
selling point
Retailing
Market
research
#marketsmatter
Preparing to go…
Risk
assessments
Food
hygiene
Equipment
Market Trading
Insurance
Budget
Tax and selfassessment
#marketsmatter
You’re on the way…
Stock
insurance
Safety
and
security
Get to
know the
traders
Know
your
rights!
On the
gaff
Customer
feedback
#marketsmatter
Prepare
for bad
weather
Get
there
early
Stay on top of it…
Retail training
Opportunities
are
everywhere
Positive
attitude
Digital
marketing
Embrace
change
Check out new
markets
Listen to
customers
Monitor
competition
#marketsmatter
Join a trade
association
ENJOY TRADING!
Visit us on stand T470
Chris Savage
Projects Manager
chris.savage@nmtf.co.uk
Rachel Harban
Deputy Projects Manager
rachel.harban@nmtf.co.uk
01226 749 021
www.nmtf.co.uk