The Art of Pricing Your Yard Sale Items

Whether it’s your first yard sale or your hundredth, there’s always one persistent pain point: pricing your items. If you price too low or too high, you risk losing out on making money. Above all else, the price tag on your items will have the biggest impact on how successful your yard sale is or isn’t. With clear and fair pricing, negotiation strategies and organization, pricing your items can be simple. Lucky for you, we’ve compiled a list of tried-and-true methods to make pricing your yard sale items a breeze.

#1: Conduct market research.

Just like how major companies conduct market research to do figure out proper pricing for their goods and services, you need to find out what other yard sales in your area are pricing their items at. This will allow you to fairly price your items and give you a better chance of selling all your items. You can accomplish this task by driving around town and checking out other yard sales in your area. If you’re comfortable and confident enough in the situation, consider asking the sellers how they went about pricing the items. Explain that you’re going to holding a yard sale in a few weeks and you wanted to get a feel for the yard sale market in your area.

#2: Don’t expect to get back all the money you spent on a certain item.

This is probably one of the more important concepts to keep in mind when you’re pricing your yard sale items. There’s no doubt that you spent hard-earned money on the items you intend to sell when you purchased them. However, the market value of these items have depreciated, and if you’ve used them, this is especially true. A good rule of thumb to follow is the one-third rule. This rule explains you should aim to price items at one-third of the original price you paid. For example, if you purchased a bike for $150, you should price it for sale at $50. You’ll at least get some return on your initial investment, but you won’t scare buyers away with high prices.

GarageSales, YardSales, Estate Sales, Community Sales

#3: Price slightly above the price you want to receive for the item.

At yard sales, there’s an expectation that prices will be negotiated. That’s why it’s a good practice to price your items just slightly higher than the price you hope to sell the item for. This gives you some wiggle room for negotiations while still ensuring that you’re fairly compensated for the items you’re parting with. Don’t overdo the pricing, though. At most, consider marking up your items about 20% so to not scare away buyers.

#4: Clearly display your prices.

Think about how frustrating it is to you when you can’t figure out how much something costs while you’re shopping. The same principle applies to your yard sale pricing. It’s important to clearly display your prices and organize your yard sale so that there is no room for misunderstandings or confusing surrounding pricing. If a buyer can’t figure out how much an item costs, and becomes frustrated, you risk losing that sale. That’s why it’s so important for clear and fair pricing.

Summary

Yard sale pricing can be a daunting task, but it doesn’t have to be. By following these four guidelines, you’ll be well on your way to becoming a yard sale pro.

Why Secondhand Clothes Are Creating a Buzz in the U.S.?

Shopping for secondhand clothing used to come with a nasty stigma. Now, thanks to great marketing efforts spreading the positive environmental and sustainability impact that secondhand clothing has, that’s all changed. What was once avoided at all costs unless you had absolutely no other option is now what many U.S. consumers are doing regularly: shopping for secondhand clothing. This fact hasn’t gone unnoticed, and it’s giant spike in popularity isn’t just suspected, it’s proven.

The Numbers

ThredUp, an online secondhand clothing selling giant, conducts annual reports to look into market trends. Over the last three years, the secondhand clothing industry has grown 21 times faster than brand-new retail sales. Additionally, the U.S. market is currently worth about $24 billion.

According to thredUp’s Neil Saunders, GlobalData Managing Director & Lead Market Analyst, “Compared to the overall apparel market, resale’s growth has been phenomenal. As the market uniquely meets consumers’ preference for variety, value, and sustainability, we expect the high growth to continue.”

The company’s research found that the uptick in secondhand buyers is consistent across all types of clothing, including luxury, mid-market and discount items. Specifically, 26% of shoppers purchase secondhand luxury items, 25% purchase secondhand mid-market items and 22% purchase secondhand discount items.

Moreover, thredUp’s research revealed that the popularity of secondhand shopping is resonating across multiple generations, with millennials and Gen Zers embracing this market the most. Baby boomers and Gen Xers aren’t far behind though.

For a trend that’s seen double-digit growth in such a short amount of time, and crosses multiple generation, secondhand clothing is truly taking the market by storm.

How did the secondhand clothing market grow so quickly?

As with many different niche markets, the secondhand clothing industry can partly attribute its growth to ever-developing technology. New online marketplaces have made it possible for people to easily buy and sell pre-owned goods. ThredUp is obviously one of the major game players, but other popular resale sites include Poshmark, eBay and Etsy. ThredUp has done a particularly good job tapping into social media sites and using social media influencers to spread the site’s message and get its name out there. As more and more people see celebrities promoting secondhand shopping, the negative stigma surrounding secondhand clothing lessens.

One thing that these influencers promote when talking about secondhand clothing on their pages is the environmental factor of purchasing pre-owned clothes over brand-new clothes. ThredUP found that nearly 3 in 4 consumers are more likely to buy from environmentally friendly shops over non-environmentally friendly shops. This change in attitude is represented in mainstream culture, and while it isn’t isolated to the clothing market, it’s becoming a huge selling point for the secondhand clothing market.

Summary

The secondhand clothing market is predicted to continue to grow at a fast pace for years to come. With its sustainability factor, technological advances and social media marketing, you can expect that this trend is here to stay for the foreseeable future. While this might spell trouble for traditional retailers, consumers and the Earth can rejoice in the fact that it’s now cool to save money on your clothes by buying gently used items through popular resale sites.

Top Garage Sale Trends in the U.S.

When it comes to thinking about what to sell at your upcoming garage sale, you’re probably focused on getting rid of all the clutter that’s in your home or purely trying to make as much money as possible. What you might not realize is that every year there are certain items that buyers are on the lookout for. If you have any of the following trending items in your home, you should definitely plan on adding them to your collection of items to sell at your garage sale.

#1: Vinyl Records

This trending item shouldn’t come as a surprise given the recent spike in popularity records have seen. Millennials, baby boomers and Gen Xers alike will be excited to come across working vinyl records, especially if you have a great collection to choose from. Make sure to check out what your records might sell for online to compare pricing so that you can price your records, which are sure to be a hot commodity, fairly.

#2: Costume Jewelry

This trending item has always been a popular item at garage sales. Whether it is grandparents shopping your garage sale for toys for their grandkids, a performer looking for cost-conscious accessories or a fashionista on the hunt for stylish picks, you’re sure to see some serious cash flow if you put out costume jewelry at your garage sale. Pro tip: Price these items a bit higher than usual to allow ample room for negotiations.

#3: Americana Décor

People all over the country are on the hunt for “Americana” décor. If you happen to have any in your home and you’re willing to part with it, you’re sure to make a pretty penny by adding it to your items for sale at your garage sale. The nostalgia and style of these items are sure to be a hit with the buyers who come to your garage sale.

#4: Aged/Worn Furniture

Thanks to the popularity of home décor and renovation shows like Fixer Upper, rustic chic style has overtaken the country. Homeowners everywhere are on the hunt for shabby chic accessories and furniture to add to their home. That means that you can add that slightly beat up end table in your living room to your collection of items for sale and buyers will scoop it up. Focus on anything that’s wooden, as that’s a huge design trend right now.

#5: Antique Décor

Similar to the popularity of aged/worn furniture, antique décor is going to be a huge hit at any garage sale this year. People will travel from near and far to shop antique stores, looking for vintage and eclectic finds to add character to their home. If you have any unique antiques, make sure to add them to your collection of items for sale. Note: If you have anything like china or crystal, it might be more beneficial to take these items to get appraised before you sell them for cheap at your garage sale. Don’t make the mistake of selling grandma’s heirloom china for $10 when it’s probably worth $150!

Summary

As long as your items are in good condition, you’re friendly and your garage sale is well organized, you’re sure to have some success. If you happen to have any items that fall into the above categories, you can boost your odds of having a super successful garage sale. Good luck!

Estate Sale, Yard Sale, Garage Sale

Estate Sales vs. Yard Sales: What’s the Difference?

You’ve definitely seen the signs as you’re driving around town: “Estate Sale 12-3 pm at 155 Smith Rd,” “Yard Sale 9-5, 3 Blocks to the Right.” These signs signal that a family or a handful of families are coming together to sell items from their home. At a first glance, it may seem like these names are synonymous with one another, but that’s not actually correct. Knowing how estate and yard sales differ from one another can help you decide if it’s worth stopping at a sale when you see one. Read on to learn more about estate and yard sales.

What’s an estate sale?

As the name may suggest, an estate sale occurs when someone invites the public into their estate (home, condo or apartment) to sell their belongings. In many cases, the intent behind an estate sale is to sell as many of their items as possible for as much money as possible. Depending on where you live, an estate sale may also be called a tag sale. These terms can be used interchangeably and are understood to mean the same thing.

While there are many different reasons behind why someone may hold an estate sale, the four most common include downsizing, debt, death and divorce. These four different life events can often put people in the position where they need to get rid of many items quickly. This is where an estate sale comes in. Sometimes the estate owner hosts the sale, sometimes it’s the family of the deceased, and sometimes a third-party of estate executor. Regardless of who is facilitating the sale, there are usually emotional connections to many of the items that are for sale, meaning it’s important that you tread lightly and act respectfully when trying to negotiate prices if you attend an estate sale.

How does an estate sale differ from a yard sale?

In contrast to estate sales, yard sales are typically held when people want to get rid of unused or unwanted household items. While they’re typically held with the intention of making money, sometimes they’re held because people need to declutter their home. The main difference is that yard sales include items hand-chosen by the host. At an estate sale, you’re typically walking through the estate and 90% of what you see is for sale.

Another difference between the two types of sales is where they are held. As has been discussed, an estate sale typically takes place within the estate of the seller. If you’re new to estate sales, going into the home of someone else may feel odd or intrusive, but as many people who frequent estate sales can attest to, you will get over feeling that way as time goes on. A yard sale typically takes place on the front or back yard of the seller. In some cases, a yard sale can also take place in the garage of the seller.

Summary

As you can see, estate sales are vastly different from yard sales. Now that you know the main differences between the two, you can decide which of the sales best fits your shopping preferences and needs. Happy shopping!

8 things you should know before holding your first yard sale!

Yard sales can be an extraordinary method to clean up your home while getting some additional cash. However, a half-baked garage sale can be considerably more work than its value. Sorting out a yard sale begins with arranging and readiness to guarantee a smooth, tranquil, and beneficial deals. It’s also a good way to sell used stuff in your local area.

In case you’re prepared to get some messiness out of your home, sell in the local area and profit all the while, at that point get your sticker prices and a pen—it’s the ideal opportunity for a yard sale! Be that as it may, before you go putting a sign in your front garden, think about these tips for expanding your benefits!

1. Prepare and Plan

Yard deals don’t compose themselves and they require noteworthy time speculation. Gauge how much time you believe it will take to complete everything, at that point triple (or if nothing else twofold) the hours to get an increasingly practical number. Something dependably comes up, and it generally takes longer than you initially have foreseen.

2. Choose the right time

End of the week mornings are the conventional time for yard sales, so think about an alternate time to make it less challenging. Timing a deal amid early morning or late evening, driving hours could help snatch the eye of workers, guardians taking their children to class and others hoping to catch an arrangement.

3. Maintain notes

In the event that you’ve had a yard deal previously, recall what turned out badly and what went directly at your past yard deals.

On the off chance that you haven’t had one of your own, at that point gain from the missteps of others by examining their best tips for having a yard deal.

4. Publicize and advertise!

Don’t simply toss a few things outside and consider it a yard sale — make sure to get the message out in advance.

Set up fliers in your neighborhood and utilize online promotions to tell individuals about your deal. Use Craigslist, nearby informing sheets or flyers. Think about setting up pictures of furniture, collectibles, excitement focuses and other especially engaging things.

5. Make It Look Like a Store

Individuals leave rumpled stores immediately, frequently without purchasing anything. Try not to keep running into that issue at your yard sale. Make everything look pleasant and clean. Obtain or lease tables so customers don’t need to twist around or squat down to examine things on the ground.

6. Make use of the Yard sale signatures

Check the laws in your general vicinity before making Yard sale signs as certain spots have restricted them. An assistant at your nearby police headquarters can tell what you should or shouldn’t do. In the event that you are permitted to make signs, I’ve discovered that splendidly hued publication board and a Sharpie is all you truly need. Ensure your sign says “Garage Sale” sufficiently substantial for individuals to see as they drive by. Incorporate your location or a bolt pointing towards your home.

7. Manage and make use of your Leftovers

You will have extra stuff. You can simply put everything on the control with a free sign, yet that won’t get you any more cash. Rather, consider taking the scraps to a Goodwill store and save money on your expenses. Make an organized rundown of all that you have with its unique esteem. When you drop it at a gift focus, request a receipt. Document this to use for a duty conclusion for altruistic gifts on your salary charge.

8. Take all the safeguarding measures

While most estate sale customers are great and genuine individuals, don’t give any potential rotten ones a chance to cause issues.

Try not to give anybody access to your home to utilize the restroom, and lock your entryways while you’re running the deal. Protect your cash. It’s ideal to keep enormous bills in your pocket, yet think about a cover for little change. Money boxes can likewise work, yet you must be careful to dependably have an eye on it.

Conclusion:

Garage sales are a great deal of work, particularly, in case you’re not used to holding them. You’ll most likely go through a few hours arranging and estimating things, composing advertisements, and getting your provisions. Be that as it may, after it’s finished, you’ll ideally have a wad of money rather than heaps of stuff you don’t need, which makes everything beneficial.

How to stop hoarding and declutter your home!

Are you hoarding something in your home?

Every item you hoard in your home collects dust and can lead to COPD and other respiratory issues.

Hoarding also takes an emotional toll on your family and friends. They wonder why you can’t just throw or give away things that seem irrational for you to keep holding on to.

Hoarding has a stigma around it and it’s often difficult for people to admit or recognize the problem. It causes a lot of embarrassment and shame.

Hoarding is classified as a mental illness. It’s a compulsive mental disorder associated with a pattern of behavior that makes it difficult for someone to let go of their possessions.

It can get the best of even the most seemingly normal people. It doesn’t happen overnight and it’s something the hoarder himself has no control over.

If you’ve been struggling to let go of your possession even when your home is cluttered and becoming unlivable, then you’re in luck!

In this article, I’ll show you a simple and effective method of decluttering your home and feeling less overwhelmed by all that stuff.

Why Do We Hoard

People hoard for many reasons. One is sentimental attachment. You might hold on to an object because it represents your identity. If you view yourself as an elite athlete, you might hold on to old trophies you won in high school to the point where half of your living room is littered with them.

Another reason is sentimental attachment associated with certain possessions that have memories behind them – say your wedding gown or suit. You fear you’ll lose the memory or experience if you let the object go.

Help For Hoarders

Here is a helpful technique for conquering your hoarding tendencies:

Map out three categories.

  • Keeping this item
  • Throwing or giving away this item
  • Not so sure

And then, just follow through.

Every item in your keep pile should have a permanent place or home. Get rid of your discard pile immediately.

Here’s what you do with the unsure category – ask yourself the following questions for every item:

  • What’s the worst thing that could happen if I get rid?
  • How often have I used this?
  • Can I get something like this if I wanted to?

The trick here is to do this at least once a month. Set aside 20-30 minutes and go through this routine.

You’ll get a better handle on the difference between what you need, what you want and what you have to get rid of with a system like this in place.

You get to live a healthier life, reduce stress and live in a cleaner home.