I am not a person who goes to garage sales, but I am one who loves to have them. And having them bring in more bang for my so-called junk, sounds like a great idea. I love the people who live by the old “one mans trash is another mans treasure” to me this means getting more items out of my house that I do not use anymore. Through the years of garage sales I have found three helpful steps to putting together a more successful garage sale and ways make more money.
Get the word out
Use social media to let your friends know the location of your sale and also some large items that will be for sale as well. Also ask your friends to post it as their status as well, so that you can grab as many people as possible. There are also pages on Facebook directly for bargaining in your area, you are able to post on the wall of those pages and put the information regarding your sale there. You can also post flyers on community bulletin boards; local area newspapers also have Ad space that you can buy to promote the sale.
The general rule of thumb is 1/3 to ¼ of the original cost. Most shoppers that come to your sale will also bargain with you to get the price down or give you an offer that seams more right for them. Make sure that you will have enough change, if you have a lot of larger items you need to make sure that you have enough smaller bills to give the buyers. Any where from $50 to $100 in change is a good place to start. Example is 2 $10 bills, 4 $5 bills, 25 $1 bills, a roll of quarters ($10) and $5 in nickels and dimes (only if you have items that are prices at less than a quarter).
It is nice for a shopper to have items placed out like they would be at a store, so group items by gender and size if able to. Try not to stack the items to high so that shoppers are able to look through them easily. Place books and other small toys in bins or tubs so that children and adults can easily look through them and see what is available. Re-organize your sale periodically though out the day when the sale has some down time, shuffle the clothes on the bottom to the top and make sure tables appeared to be filled and full. Place any large items near the end of the driveway or yard so that buyers will be more attracted to stop by.
From one garage seller to another, these three ideas are great ways to improve your profits. I hope these ideas help you as much as they did me! And also give you a step up from the competitions on those crazy city wide garage sales! Good Luck and Happy Selling!
Sarah Kuehneman is graduate from the University of Wisconsin Whitewater and currently a Social Media Intern at FatWallet.