For example, if you have a rare record you know could fetch $20 on eBay, you might be unwilling to accept less. Get the kids to add a swirl of glue and sprinkle with glitter. 7 Tips for Garage Sale Pricing to Maximize the Value of Your Items A buyer who asks for a price doesnt want to stand there and wait while you try frantically to get your friend on the phone. If you have some pricier items for sale, make sure to have some $20 bills on hand just in case. Wash clothing and fold it nicely or hang it up. While many people set prices around the full retail value of their unused or gently worn items, you have to consider competitors. . Price furniture based on its condition and age, but also advertise in the right places. Draw big arrows to point the way. Pricing your goods clearly while also leaving room for haggling can mean the difference betweenturning your clutter into cash and having to haul it all back to the attic. In this example the image file must be in public_html/cgi-sys/images/. Get some bright neon colored poster paper and with a shaped stencil (eg. 10 Tips for an Awesome RewriteBase / Tag Sale Supplies Checklist She has written about personal finance and shopping strategies for a variety of publications, including ConsumerSearch.com, ShopSmart.com, and the Dollar Stretcher newsletter. If you need an objective opinion, ask a friend to come over and tell you what Garage Sale Tips 50 Best Garage Sale Tips & Tricks for Sellers in 2023 Men's wear can typically sell for under $20, depending on the size and durability. RewriteCond %{REQUEST_FILENAME} !-f Once your piles are made, pull out all the items you sorted to sell. Scope out the competition by checking on Craigslist, as well as the local big box storesWalmart, Target, Marshalls, and othersfor similar items. On platforms that enforce case-sensitivity example and Example are not the same locations. Find our full Privacy Policy on this page here. Before you set your picnic table and lawn chairs in the front yard, you have to choose a pricing strategy that will set you up for success. Its a good idea to keep the doors of your house locked during the sale. -Kitchen or home decor: $1-5. Kids' items generally include gently used clothes, toys, and baby accessories. You will need enough to fit your hand to hold them & place it between the top of the two boards. Cost of living varies by region, so research first by browsing local thrift shops and other sales in your area. WebAbout MoneySmartFamily. If you build it, they will come. Heres an insider garage sale tip: Consider scheduling your sale on the first weekend of the monthwhen people have just reloaded their personal spending and fun money for the month. Garage Sale Pricing Its definitely in your best interest to find out if you need a permit. There's a fine line between pricing items too high (which deters shoppers from buying them) and pricing them too low (which means you won't earn any money). Research comparators and consider online pre-sales before lugging heavy items to the yard. Steve & Annette Economides are NY Times Best Selling Authors of 3 books, YouTube Creators and Family Finance Experts. Make sure whatever youre selling looks attractive. These are the people who are serious about garage sales & know a great deal when they see it! Putting all similarly priced items on the same table with one sign above the table saying All items on this table $1 might be easier initially for you but when a customer comes up holding an item to buy which tables did it come from? When a sale is made, you can easily record the sale on theInventory/Sales Record. Just seeing the word free attracts peoples attention. Buyers will appreciate your honesty, and a few minor flaws (or even major ones) wont deter the hardcore DIY crowd. Tips The easiest way to do that is to use color-coded price stickers. The Spruce Crafts offers a guide to learn more about the value of old and well-kept porcelain dolls. Dont forget, youre selling used items with no guarantee or warranty! Keep track of salesespecially important if this is a multifamily event. Post something inside your communitys Facebook group, list items on Craigslist or eBay, or share them on apps like Swap, OfferUp and VarageSale. If you didnt specify a price the buyer will offer the lowest price they are willing to pay and its now your job to get it higher. They served their purpose, and you dont need the clutter. Other things can find a new home through your local Freecycle group. If you have bold colors, easy to read signs, this will greatly improve the traffic coming to your sale (we have heard this from numerous folks who have found our sale how our signs were the reason they stopped on their way home). Offer food /drinks Offering food & drinks is a nice addition to a garage sale for several reasons. You don't want to lose it. Sell your stuffand maybe even earn a little money. For tallying sales. And other things can be up-sold because they're just no longer available on the market, but your garage sale prices should land somewhere in the middle. When trying to offload old books, furniture, kids' items, and clothes, a garage sale is just one of many ways to get the job done. Or your $5 item could end up on the $1 table. It might seem silly, but going the extra mile can really be the difference in making a sale or losing one. If you want to advertise in the local paper or church bulletin, do it at least a week in advance. Zero-based budgeting is a method of budgeting where your income minus expenses equals zero. Enjoy Your Garage Sale Profits. You want big & bold lettering (block style so its easy to read) so people can see them while they drive quickly by. Who can resist a pint-sized entrepreneur? Most garage/yard sales tend to do the best on Fridays & Saturdays. When they see their kids making a beeline for the toys in the free box, the parents will be more inclined to stop and check out the rest of the sale. Garage sales are popular because customers know its generally where they can get lower prices for household items. Yeah . Have a variety of change Stop at the bank the night before & get both dollars & coins so you wont be stuck when people bring cash to the sale. A good rule of thumb for yard sale pricing is 10-20% of the items original value for smaller items, and up to 40% for larger items like furniture and electronics. You can try renaming that file to .htaccess-backup and refreshing the site to see if that resolves the issue. However, there may be a few goods on which you prefer to state a firm price rather than leave room for haggling. Is this just a secret plan to get your teen to clean their room? You either need to have one person who will sit there the whole time at a table with the cash box. Web50 Best Garage Sale Tips & Tricks for Sellers 1. Add balloons to the signs you can head to the dollar store & get mylar balloons to make your sign stand out even more. I sold $400 before the yard sale and $600 at the yard sale! Rachel said: Price items ahead of time, as you pull them out for the sale. Prepare for a Garage Sale WebRemember to do your research, price to sell, use clear and consistent pricing, be willing to negotiate, consider the condition of your items, price larger items, and be prepared to Old posters, figurines, and even snow globes could be worth a pretty penny to a collector, even if they're an eyesore to you. Consider selling clothing on places like Poshmark, thredUP or Kidizen (for baby clothes and kids accessories). It seems like it would save a lot of time to just use blue stickers for $0.25, green for $0.50, yellow for $1, and so on. Hosting a garage sale can turn rarely used items into extra cash for a big splurge, paying off bills, or donating to a good cause. Ive probably been to hundreds of them over the years, and Ive learned to size them up quickly to tell if a particular sale is a good one or lame one before I go sorting through everything. Everyone wants a deal (who doesnt?). This will give you an idea of what price range to aim for. (2023 Update), Best Garage Sale Pricing Tips for 2022 [Make More $$$] - Best Garage Sale Tips: More Profitable Garage Sales. Theyre not worth much anyway, and they attract the attention of children who dont have any money to spend. Or post about your event online on Yard Sale Search, Garage Sale Finder, Facebook neighborhood groups, or Facebook Marketplace. (Its a garage sale, after all.). Remember: Youre trying to make extra money here. What price have other garage sales around the area been selling it for? If you dont have time to make homemade goodies, head to Costco & buy a couple water packs & some of their baked goods. And to me, one of the biggest red flags is looking around a sale and seeing no price tags on any of the merchandise. First, check out websites like Yard Sale Search and Yard Sale Treasure Map to find local sales. Many potential buyers will walk away from big prices and never even bother to haggleand you just lost a potential sale. Put bigger and more popular items closer to the street so people know youre selling more than just T-shirts, costume jewelry and old coffee mugs. Its true, cash is always king, but taking other forms of payment can help with sales. If you have a popular or collectable item that you think will get snapped up quickly in your garage sale, you should mark it with an even higher starting price. So, why not cut them in on the profits? Dont price items expecting people to ask you to go down. Clothing racks or even hanging a pole between two ladders (get creative) to hang dresses, skirts, coats are the best ways for people to see what you have. You can also check out our article on Best Items To Buy at a Garage Sale, to get a better idea of things folks are looking for. Here are some tips, based on the type, age, and condition of your pre-loved items. . However, this rule varies depending on what youre selling. Heres how you can get ready for your big garage sale day: Before you prep for your yard sale, check your city or county government website for permit requirements in your area. For all other items, remember that buyers dont have a connection with your items and the memories you have with them price them based on what someone would actually pay for them. Tips for Getting Garage Sale Ready -Arrange on tableswith set prices You can make it a lot easier to price as well if you have set tables set up with one price. The REAL SIMPLE team strives to make life easier for you. Not only that, but your garage sale listing will also get emailed out to people who are looking for garage sales in your local area & have signed up to receive emails when there are sales in their local areas. For the same reason, resist the urge to use color-coded stickers to indicate the price. 23 Garage Sale Tips for a Successful Garage Sale - Homes for Money to make change. Just click. Generally garage sale prices this year are 10% to 20% of the current retail price depending on the items condition and the demand. People wont even consider buying your antique floor lamp if your listing doesnt have a picture. An item with tags or in its original box can bring a slightly higher price. If there is a 3 day weekend coming up, those are even better as people feel they have more time to spend walking around garage sales. If you have a high-priced or valuable item, like furniture that appears in catalogues, cut out the ad and attach it to your item too or include a copy of the original paperwork. Now youve got yourself a deal. If this doesn't work, you may need to edit your .htaccess file directly. As the day wears on, youre likely to see the initial flood of shoppers slow to a trickle. They will cut this for you for free (or a small fee).