When consumers spot lines of tables filled with used merchandise on display at the fairgrounds, church rummage sales and community events, they enter the realm of the secondary market where used goods are the stars of the show.
Though the practice of reselling items has been around as long as people have identified commodities as being too valuable to throw away, formal markets for selling and exchange didn’t begin to appear until the advent of towns and villages.
The growth of the secondary market has expanded over time and different names were given to these gatherings. The most well-known are flea markets and swap meets. After all, making a few dollars on items that are no longer needed is a sensible thing to do, and understanding the difference between them can help.
Though the term didn’t appear in English dictionaries until the 1920s, the flea market has deep roots in French culture where street markets were set up to sell used items that were usually infested with fleas, hence the name. Despite this unpleasant reference, flea markets are seen as more upscale events these days.
Run by individual vendors via stalls, tables or booths, gatherings at these open air markets were once the purview of individual sellers, but today’s version of flea markets in Texas, and anywhere else for that matter, may be overseen by market employees who manage space on behalf of vendors who supply the goods.
When swap meets began to spring up in the 1940s and 1950s, people seeking to get rid of goods were thrilled to come to central locations with the objective of exchanging those perfectly usable items. But over time, the swap system morphed into a type of flea market where merchandise was sold rather than just swapped.
Swap meets became so popular, some states introduced laws governing these events. Additionally, swap meets devoted to specific interests (e.g., car parts and automotive items) have extended the popularity of these gatherings, so whether one collects old-style telephones or figurines, swap meets are ideal places to look for treasures.
Finding swap meets on the Internet is growing increasingly easy because the term has come to describe any type of buying and selling platform. Online swap meets began with classified postings on sites like Craig’s List and eBay and have evolved into vibrant marketplaces that give consumers items they seek without leaving home.
As a general rule, flea market vendors purchase items for resale while swap meet participants are usually individual traders. The term flea market is often employed by organizers who love the romantic history associated with these markets, thus it frequently becomes the marketing hook organizers use to elevate the event.
In fact, the latest iteration of the flea market is the vintage show, a curated market that may feature upscale, used items that appeal to shoppers who love the idea of repurposed, recycled goods. Flea markets tend to benefit commercial vendors more than consumers, while the ultimate purpose of the swap meet is getting rid of items that have been cluttering garages, attics and basements, rather than making a profit.
The days of trading used merchandise may be gone, but the idea of putting together a central market–whether bricks and mortar or online–to help consumers get rid of unwanted items remains a contemporary concept that is unlikely to disappear as a society become more devoted to the sustainability movement.