Thinking about having a garage sale to clear out your closets and basement? 🏡 Sure, you could sell your pre-loved stuff on Facebook Marketplace or eBay, but nothing beats a good old-fashioned yard sale! 🎉 To make sure you get rid of all the things you don’t need and make a little money in the process, here are some fun tips to help you price your items just right. 💸
Consider Your Goal: If you want to clear out as much as possible before moving or making space for new furniture, keep your prices dirt cheap. But if you’re aiming to make some money, keep prices low enough to attract buyers. Check local thrift stores or other yard sales to get an idea of how to price your stuff. 🛍️
Keep Prices Simple: Pricing items in increments of 5, like $0.05, $0.10, and $0.25, will save you from dealing with pennies when collecting payments. 🪙
Try the 10% Rule: This simple pricing guide suggests charging 10% of the item’s original cost. So, if you paid $20 for a lamp at Target, price it at $2. If something is handmade or from a luxury brand, and you know you could get more for it, raise the price to 20% of the original cost. 🏷️
Quantity Over Quality: At a garage sale, you want to sell as much as you can as fast as you can. It’s not the time to defend an item’s high quality, but if you have one that you know is worth more, it may be better to try to sell it online. 📦
Check for Tags: If you have clothing, furniture, or other items that have never been worn or used and still have the original price tag on them, leave it! That makes the item seem more authentic and new, so you could try pricing it at 30 to 40% of the original price. 🏷️
Have a Stack of Cash on Hand: People may want to pay with Venmo, PayPal, or Apple Pay, but cash is still king at garage sales. Having online payment options can be helpful, but you’ll want to have plenty of $1s and small bills and coins around so you can make change. 💵
Offer Deals on Bundles: Encourage people to buy more by giving them a deal on a pile of things. 🛍️
Be Prepared for Haggling: There will always be hagglers pushing for a bargain. You can try setting prices higher to start with to give you some wiggle room when someone tries to negotiate a deal. 🤝
Happy selling! 🎉
Source: Real Simple