We’re always looking for ways to help consumers save more money. But what about the ways in which consumers can make more money too? With summer quickly approaching, there’s no better way to make quick cash (and clean out your house) than by hosting a garage sale. Hosting a summer garage sale doesn’t have to be difficult or time consuming. You can put as much – or as little – effort into it as you want to. Here are some tips to help you do it right!
Classifying Your Junk
Bring out everything that you want to, or might want to, get rid of. Items that you would take to Goodwill or Salvation Army if they didn’t sell should be priced really low. You want these types of items to get out of your house; making money isn’t the main objective with these items.
Your next classification of junk is that set of items that you would like to get rid of but you don’t necessarily have to get out of your house. These items should be priced fairly: low enough to tempt buyers but high enough so that you get a decent return.
Your third classification of stuff is items that you wouldn’t mind keeping at all. These items should be priced higher than you think anyone is willing to pay. If you then decide to lower the price toward the end of the day, that’s your decision.
Advertising the Sale
Unless you are hosting a huge sale that will bring in a good amount of money, you shouldn’t spend any funds advertising the sale. Create a Facebook event, invite your friends, and encourage people to spread the word. Next, post to Craigslist and other free sites where garage sale fanatics hang out. Your local paper may offer a free print advertising section – especially if your garage sale is benefiting a non-profit. Check to see if there are any of these opportunities available. At very the least, your paper may have a free advertising option on their website.
The Day of the Sale
Don’t spend too much time organizing your items. Garage sale attendees and thrifters are used to sorting through stuff to find what they want. Plus, any organization you try to implement will be jumbled by the time the early birds head out.
Make sure you have plenty of cash on hand, especially in small denominations. If you’re selling a lot of higher-priced items, you should take that fact into account and have higher denominations. Keep your cash on your person throughout the sale using a **** pack or some type of cash belt.
Happy selling, and the best of luck to you!Back To All Consumer Resources