5 Tips to a More Profitable Garage Sale
So, you’re holding a garage sale. Chances are, you’re not just holding it for fun—you want to make some money! We don’t blame you. Garage sales can be hugely profitable, if you put in some effort and come up with a plan of attack to make it successful. Don’t be intimidated—it’s actually easy to host a profitable garage sale. Read on to learn about five simple tips that will boost the sales at your next yard sale.
Tip #5: Variety Is Key
If you only have niche items to sell at your garage sale, there’s a good chance that you won’t attract as many potential buyers to your sale, which translates to fewer buyers and lower sales. In order to attract the widest possible array of buyers, you’re going to need to make sure you offer a wide variety of goods. One man’s trash is another man’s treasure is a saying that you’ve probably heard countless times, but it rings true. Make sure to compile household goods you don’t use anymore, clothing that doesn’t fit or you don’t wear, jewelry, electronics and furniture. Anything can be fair game and you never know what a buyer will be in the market for.
Tip #4: Organization Is Important
Think about the last time you were at a disorganized store. Did you leave with many items? Did it make you upset? As humans, we like when things are organized, and a state of clutter and disarray will send many potential buyers into a bad mood. Many will probably also leave empty-handed if it’s hard for them to find what they’re looking for if your sale is messy. Organization will go a long way to having a profitable sale. Don’t forget this simple step!
Tip #3: Price Strategically
While your first inclination may be to price your items high so that you get the most bang for your buck, buyers may be scared away by high prices. On the flipside, if you price your items too low, you’ll risk not making money by nature of the items being priced low. You’ll want to try to find the middle ground that won’t scare buyers away, but still leaves the opportunity for you to profit even after a little haggling.
Tip #2: Offer Freebies
Let’s face it—everyone likes freebies! And, while you definitely don’t want to go crazy giving away your items for free, offering up some odds and ends items will be worth it. The idea is that if you have a box of “FREE” items, buyers will walk over to that box to look, but then they’ll also see all the other reasonably priced items that you have for sale. Because they feel like they’re getting a good deal on their freebies, they’re more likely to spend money at your sale.
Tip #1: Sell Goodies
When people shop, they tend to get hungry or thirsty. Consider buying a value pack of drinks from your favorite stores, as well as pre-packaged snacks that you can sell by the register. You might not think that you’ll recoup your money, but considering the average 24-pack of water is under $4, and you can get a bag of prepackaged chips for under $10, selling these items at $1 or $2 a piece will add up quickly.
Garage sales can be a huge success financially if you put some time and planning into your sale. Consider implementing the strategies from the above tips at your next sale and reap the rewards!