Looking to raise some extra cash from a garage sale this summer?
Here are a few things you can do to ensure your garage sale is a success:
Advertise. Taking an ad out in your local newspaper is an expense some people may not want to incur, but a well-worded listing in the garage sale section of the classifieds can really drive traffic to your sale. Items people are always on the hunt for: baby & kids items and clothing and furniture. Don’t forget to share the details of your garage sale on your local online forums, such as Craigslist.
Put out lots of signs. Not everyone will pick up a newspaper and you want to grab impulse shoppers in your neighborhood, so make sure you place large, easy to read signs that give all the pertinent details for your sale: Days, times, and location.
Prepare everything well in advance. My top tip: Mark your items for sale as you’re clearing out your closets. If you wait until all of your wares are piled high in your garage, it will be a daunting task. Clean up dusty items and make sure you have all the parts and pieces so you can get the most money for your items. If you’re holding a sale with friends and family, be sure to use different color stickers or initials on the price tags so that you can make sure each person gets paid for the items they sold.
Consider offering coffee and treats. In the early morning hours of the sale, you may want to consider selling coffee, soda, or treats like doughnuts or cookies. This is a great way to bring in some extra money from the sale, and is a great project for an older child who wants to help out at the sale.
Have plenty of change available. Always have plenty of change. It’s almost a guarantee that someone will stop in and buy a dollar’s worth of items with a $20 bill. Be ready.
Forget about the sunk costs. You’re looking to move this clutter out of your garage. While it’s natural to want to make a little bit of money from your sale, you need to be realistic about what you can really get for an item, so don’t obsess about how much you paid for an item originally.
Be willing to deal. Garage sale shoppers are looking for a bargain. You’re looking to get rid of your stuff. Be willing to make a deal. I will sometimes tell folks they can have something for a lower price if they take another item off my hands.
And last, but not least, be smart. Don’t leave your money unattended. If you can, you may even want to carry it on your person in an oh-so-fashionable fanny pack. Don’t let people into your home to use your bathroom, etc, and keep your home locked unless you have a family member inside.
Garage sales are a lot of work, but they can really help you clear out your clutter and raise a bit of spending cash.