A garage sale or yard sale is all profit. Making money is not difficult if you plan ahead. Here are some useful tips.
Start by cleaning house. We all have useful things that we do not use. Go to every room and then your garage to collect those space taking items. If you have a storage unit, ask yourself if you really need it. Do one room at a time and price them to sell. You can use masking tape and a pen or go buy stickers.
One warning about your personal items: You may try to get to much money for them because of your attachment to them. Price them to sell! Move your inventory.
Then tell friends and family that you are having a sale. Lots of time they will give you stuff they want out of their way. Last but not least, look at the neighborhood trash on trash days. What ever you find cost you nothing but picking it up. 100% profit! I find furniture, clothes, dishes, baskets, bikes and all kinds of good stuff.
Now when pricing I think "sell". If I pick up a dresser and it weighs a ton it may be worth $75 but I will sell it for $25. Labor must be calculated into price. Do you want to have to repack everything? OK. Now you need at least $25 dollars in change and a Thursday, Friday and Saturday morning to sell. All three days are good if you can have the time. Thursdays you will get resellers and professional buyers. They get there early and want your best stuff. They will buy cheap so they can resell it at a profit. Friday is a mix of families and resellers. Saturday mainly families.
Have as many signs out as you can and advertise in the Greensheet on Fridays and on Craigslist anytime. All that is free. Keep in mind clothes and kids stuff sell. I put most my clothes I find out for fifty cents an article. Takes me no time to make $50.
On Saturday at the end of my sale I will make it $5 for what ever they can fit into a plastic grocery bag. I rarely have much to pack up after that. Keep everything clean and neat, be willing to negotiate, treat people like customers and you will do great! Good Luck!
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