Are you looking to prepare for a garage sale? To get your stuff sold and maybe even raise a little money, follow these garage sale or yard sale pricing guidelines.
During the spring and summer months, residents in communities across the country have garage sales when the weather is warmer.
It can be a nice experience to spend the day searching for garage sales, and a way to find all sorts of great items for far less than retail.
When you are holding a yard sale, pricing your products right is important. Your stuff will not sell if you set the prices too high. You lose the money you should have earned if the rates are too low.
To make the process a little easier, here are a few dos and don’ts of garage sale pricing.
Garage Sale Guides
Price everything before the sale begins.
Pricing each item individually. The only exceptions are groups of related items that, like books, are all priced the same. Place all of these together on a table. With large lettering that says “Books $1 each” or whatever price you’ve set, make a simple sign. On the front of the table, or on the wall behind it, hang your sign.
Using a fine-point marker or use pre-printed stickers to write the prices on simple stickers. Particularly for shoppers who lose their reading glasses, it is easier to read than a ballpoint pen.
Price your merchandise with neon-colored stickers, except for paper pieces that may be damaged by the adhesive. It makes it easy to find the price and it’s easier than cutting through squares with masking tape.
Opt for (if you can find them) low-tack stickers. Porcelain, paper, wood, and glass make them easier to remove.
To get a feel for local prices on various types of items, visit some area yard sales. When most sellers price hardbound books at 50 cents to $1, yours will not sell at $3 each. If in your area, name-brand blue jeans usually sell for $2, labeling yours at 25 cents per pair is excessively low.
Research items that might be valuable. Check a price guide and do a search on eBay for a completed item. You can print the listing and stick it to your product to show value if you find an identical item, but do not expect to get that price at a yard sale.
Mark the price tags on pricey pieces as “Firm” if you’re not willing to haggle at all.
Use color-coded stickers or mark the price tags with the sellers’ initials if you’re having a multi-family sale. As shoppers pay, peel off the stickers and stick them on a notebook page. Tally the results later. It takes too long to keep a written log as you go and your customers have other stops on their yard sale routes.