Sunday Market – Back in full swing

After a 6-month hiatus, I’m back again with my sunday activities. It’s time again to wake up at 3.30 in the morning every Sunday.

What’s so interesting about Sundays?

Well, wake up at 3.30, take a bath, perform Fajr prayers, rock off with a friend to the Sunday Market, and open up a stall.

The last time I was trading at the Sunday market was before the exams last year. After stopping for about 6 months (holidays in Malaysia and all, read about it here and here), it does take a while to get the momentum up again. At first, the prospect of waking up at 3.30am on a Sunday was unthinkable! But once you’re there, and goods started to sell, then it becomes interesting.

I first started trading in the sunday market about a year ago with a friend. Started off with no experience at all and without knowing what to expect. As time goes by, you start to get the hang of it. The money is nothing to be proud of, but hey, at least I’m doing something. Plus, the experience that you get by interacting with locals and observing how businesses are run is priceless.

You know what? There are two most common questions that people we know usually asks us after discovering that we are traders at the Sunday market. They are:

1. Where do you get the stuff you’re selling?
2. Do you make a lot money?

Our usual answers would be:

1. Barang dapat merata-rata lah (As if I’m going to tell you! :P)
2. Untung ada la sikit-sikit

Here’s something interesting about the market. Sometimes, when traders discovered that somebody else is selling things that are similar to them but grossly under priced, they buy them off these folks, display them in their stalls, and jack up the price. I do this often too! 😉

Also, come to think of it, trading at the Sunday market is actually quite similar to trading in the stock market. In both cases, you are a trader. At the Sunday market, you trade goods. In the stock market, you trade stocks. Technically also, I’m applying leverage to my Sunday market activities. How? Well, instead of using only my limited amount of money to purchase goods to sell, I also borrow some money from a financial institution. Let’s call the institution as, Ma & Pa Bank. So, borrowing money from Ma & Pa Bank to buy goods to be sold at the Sunday market is effectively leveraging.

Another thing, after a while, I have developed a sense of respect towards market traders, penjual di pasar malam, penjual ikan dan sayur, penjaja pasal tani, and etc.

Before, I was looking down towards that profession with the assumption that those jobs are only for those who are unsuccessful/academically challenged . Boy, was I wrong. I mean, these folks are independent and run their own businesses for heaven’s sake. Perhaps much better than slaving away for 4 years getting an accounting degree (and spend so much money) only to again be made a slave in an organisation?

Now, I don’t really mind anymore in joining the ranks of market traders or even farmers (in fact, I am actually working of launching my own farm. More on this later.)

Anyway, till next time folks.

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Sunday Market Business
Tales from the Brisbane Market : Story 1
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Why Everyone Should be Wealthy
Why Not Everyone Can be Wealthy
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Passive Income Exceeding Expenses

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. 3:30am? gosh.. what time does the market opens? so.. er.. what do you sell ya.. farm produce or non-perishables? anyway, good luck on the farm project.. my BIL owns an organic farm and I could see it’s hard work but it’s worth it as it’s his passion..

  2. Last week, it was 3 am. Haha.

    The market opens at 6, but casual traders have got to line up to enter and we need to enter early to at least give us some time to set up our stalls and etc.

    I’m selling mostly non-perishables.

    It’s great that your BIL has a farm of his own. Here in Australia, if you own a farm, you are technically a wealthy person.

    Also, in Malaysia at the moment, seems like the future of farmers is bright.

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