Tuesday, May 4, 2010

Set Prices For A Garage Sale

You can price things to move at a garage sale.


Garage sales can be a fun and profitable way to clear away excess "stuff" from your house. The best garage sales offer items in good condition for the low prices. You can get the most out of your garage sale by setting your prices appropriately. Does this Spark an idea?


Instructions


1. Clean out your attic, basement and closets. Check that items are clean and in good repair. Separate collectibles from other items, as you need to conduct research before pricing.


2. Price everything to sell. General clothing can go for 50 cents to $1, with designer or more substantial items such as winter coats or fancy dresses set at $10 to $20. List small toys and stuffed animals for 50 cents to $5; DVDs and videos for $1 to $5;and paperback books for 25 cents. Price the items just above what you will actually take for them. This allows for a little haggling room. You'll be more likely to sell your item, and your customer will be happy because she got a deal.


3. Price high-ticket items that you want to get the most money for -- but definitely want to get rid of -- to sell as well. Place a sales advertisement near the price tag to show how much it's worth. Again, price the item slightly high to allow for negotiating; look to get 10 to 20 percent of the actual purchase price if the item's condition warrants it. For example, if you have a dining room table and four chairs you wish to sell, find a sales flyer from your local store that shows how much it would cost new. If you paid $1,000 for the set, put a $100 to $200 price tag on it and prepare to haggle.


4. Look up comparable prices for the collectibles and antiques you are going to put out via collector sites, Craigslist and eBay listings and the online Garage Sale Pricing Guide. Price them just below the market rate. This allows you to get what you think the item is worth while a savvy customer gets a bargain. Antique dealers and collectors tend to frequent garage sales looking for bargains.


5. Ticket everything you are going to sell with price stickers and tags, or blue painter's masking tape. The stickers should be removable or placed in such away as not to take away from the value of an item. Customers don't like buying a book and not being able to get the price tag off without ripping the cover.


6. Group like items together and make a sign highlighting them. For example, place all the adult women's clothes together, and make a sign saying "Ladies clothes 50 cents-$2," This will attract attention to the area.


7. Offer a half-price sale as the garage sale proceeds. Similar to a "blue light special," have everything on the kitchen and appliance table half price from for example noon to 1 p.m., then move your "blue light" to another table, marking those items at half price. This should generate excitement, as your customers won't know what's going on sale next. It also keeps your customers looking, and likey shopping, which will generate more traffic to your sale.







Tags: blue light, from your, garage sale, garage sales, half price, make sign