- Location
- The Big City
First, to open a LFS takes a lot of capital and time to open, so it's not that easy to just open one because you can sell high end corals, but a lot of them are trying to carry high end and name corals, and fish for that matter, as there is a market out there looking for them. It's a lot easier to open an online place, and you'll find a lot of online places opening up selling these high end corals, and whether they're selling on ebay, FB, a reef board, or just through a website there isn't a storage of people buying from them. If the person selling the high end coral for a $1,000 couldn't get that price they would have started the price lower, but there are plenty of people willing to buy that coral, wouldn't surprise me if there isn't even a waiting list to buy it too. As for people trying to make a return on their money on the hobby, there are a bunch that try to do that, but the ones that do make money are few and far in between, as it's a game of being able to keep up with the demand of a certain coral before the next new thing comes along.
Actually the swap had over 300 people, which is a pretty good size considering that the location isn't that great for a large number of people. As for the Farmers Market having a big turn out, well when you charges vendors and people coming practically nothing to get in or setup a table you can expect that. For that price you'll have people that grow out corals, or usually just sell their over growth to people online, now for what the price of a table cost are willing to come to that swap. Change the price to a higher amount and see how many you get, I can guarantee you it would be a lot smaller, and these people will go back to selling online, where there is a large market for them to reach.
Actually the swap had over 300 people, which is a pretty good size considering that the location isn't that great for a large number of people. As for the Farmers Market having a big turn out, well when you charges vendors and people coming practically nothing to get in or setup a table you can expect that. For that price you'll have people that grow out corals, or usually just sell their over growth to people online, now for what the price of a table cost are willing to come to that swap. Change the price to a higher amount and see how many you get, I can guarantee you it would be a lot smaller, and these people will go back to selling online, where there is a large market for them to reach.
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