How to make a fortune at a garage sale: 15 tips
Garage sale is an American classic. Sharing access to surplus is a great opportunity to make good money by putting the house in order.
Do not think that a garage sale is just scattered things in the yard or garage and fundraising. To get the maximum benefit, you need to apply the maximum knowledge of marketing and merchandising.
Here are some tips on how to make your next sale more profitable.
- Start early
As the saying goes: "Whoever gets up early, God gives." Instead of starting the sale on a Saturday morning, start it on Friday, and if you have enough items to sell, continue early on Saturday morning.
- Expose things that have not been used for about a year.
Put on the sale of things that you have not used for six months or a year. So you eliminate the mess.
- Know the rules
Sometimes garage sales cause inconvenience to neighbors, so you should know if you need a license or permission for this event. There are even areas where garage sales are not allowed at all.
- Do not go alone
The more people you bring to your sale and the more things you offer, the more help you need. You can be helped by friends, relatives.
- Check the weather forecast and choose a place for yourself.
A yard is better than a garage - more light and space. People can see the sale from the street, and it all looks more festive and attractive. But it's worth checking the weather forecast. You obviously don't want your product to get wet in the rain.
- Advertise well
Self-made signs are beautiful, but you should make sure that they are large enough and they have arrows, an address and, possibly, a telephone for those who cannot find you.
Use bright colors and make sure the marks look good. Keep up to date with the iconic rules in your area.
Advertising is crucial to attract buyers. Spread advertisements on Craigslist, in a local newspaper and on websites, for example, YardSaleSearch.com.
The more effort you put into marketing, the more money you can make, and the sooner you get rid of the mess.
- Simplify the task to the buyer
Fold similar items in one place; books, movies and music in alphabetical order; sort clothes by size or type.
Leave enough space for people to easily and quickly get around.
- Indicate immediately the price or labeling
Removable stickers are cheap solutions for price marking. Colored circles also work well: red circles mean the item costs a dollar, yellow circles cost two, and so on.
The presence of boxes or stickers with a fixed price saves you from having to individually label each item.
- Encourage bulk purchases
People who make purchases also want to win. Offer several things at once for one amount. For example, three books for $ 5. They get more, and you can quickly get rid of small or excess material.
- Keep track of time
If you want to sell everything in one day, but you still have a lot of unsold items - lower the price.
- Keep it simple
Pricing in increments of $ 15 will make it easier for you to issue a change. Also, keep a pack of dollar bills with you, a pack of $ 5 and $ 10 bills.
- Do not go for the buyer
Doesn't it annoy you when the store employees follow you on the heels?
Meet the buyer with a smile, and then leave him, after saying that you are there and can help if necessary. Think over free drinks such as water, lemonade or tea.
- Throw a carry for checking electronics
It’s hard to sell electronics if people can't test its performance. If you sell CDs, bring a tape recorder to play music. It creates a good atmosphere and promotes sales.
- Do good deeds
If you have any items that you haven’t purchased, call your local charity and invite them. That way, you can turn the rest into a tax deduction and help those who have no money.
- Use earned money wisely
Do not immediately spend the money that earned on sale. Instead, use profits to improve your financial position in the long run, pay off your debts or strengthen your savings.
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