So, you've been going through your basement or garage and can't believe how much stuff you have just sitting around. That can mean only one thing's it's time for a garage sale!
Today, garage and yard sales are more popular than ever, but the secret to your success will be in garage sale pricing.
How many times have you been to a garage sale and just shook your head at some of the ridiculous prices you've seen for some items? Too many I'm sure! Pricing is why you can find several different yard sales going on in the same neighborhood, but one house may not sell much of anything, while another can't keep up with the cash drawer.
How to set garage sale pricing.
1. What is your purpose in having the garage sale?
If you simply want to clear out the basement or get rid of old clothes you no longer wear, then price the items accordingly.
Sell the clothes for $.50 or $1.00 if they are in good shape. Toys can go for $.50 and if a family is buying several items, throw in a couple for free.
2. Garage sale pricing for valuables
When selling big ticket items you'll need to consider if the value is a personal judgment or whether it is monetary. In other words, take your personal connection to the item out of your pricing strategy.
3. Visit other garage sales
If you are stuck on what you think prices should be, visit some other sales and observe their prices and whether things are selling or not. You can learn a lot from just watching what is going on around you.
4. Put it on eBay
You may have some items which would be better to list online at eBay than it would be to put them in a yard sale. Higher ticket items that are over $250 - $500 are a good example.
Most people are buying from a garage sale to find useful items at cheap prices. They usually don't spend over $100, although there are certainly exceptions.
5. Negotiate
This is an important tip. Leave your items that are a little more costly some room for negotiation.
Many folks love to haggle and bargain down the price. It makes them feel great and they buy every time. Use this to your advantage by leaving some extra room in the price. So, you have a $20 price and someone offers $14. They don't know it, but $15 is what you really wanted anyway. It's a win-win situation.
Take your time and carefully consider your garage sale pricing strategy. It will make all the difference in having a successful sale.
By the way, you can learn more about Garage Sale Pricing as well as much more information on garage sales at http://www.TheInfoDrawer.com
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