With summer- and the warm weather that comes with it- in full swing, making some quick cash selling off your clutter is easier than ever. Holding a yard sale, or garage sale, is an easy, popular way to make money off things you no longer need.
Preparing for a Yard Sale
Before having a yard sale, you’ll need to decide how big of a sale you want to have and whether you want to go it alone or with others. Yard sales can be held on your own or with a few neighbors, or you can gather a group of friends together to hold a themed yard sale (such as a sale of kids’ clothing, toys and furniture that your children have all outgrown.) If you plan to have your sale in your front yard, make sure you have a tent or garage available in case of rain.
Publicizing Your Garage Sale
Signs hung around your neighborhood, ads in your local newspaper or on Craigslist, and flyers handed out to people in the area are all good ways to let people know about your upcoming yard sale.
Preparing the Merchandise
- Showcase your most valuable merchandise where people can easily see it, and label tables with special items clearly to make them stand out.
- Make sure prices are on everything. Many people won’t bother asking for a price if it isn’t there, but will instead simply put the item back on the table and move on to someone else’s yard sale. Create groups of products for quicker sales. As an example, if you have 100 comic books, offer them all as a group or in groups of 10-20 instead of trying to sell each one individually.
- Offer a testing station with an extension cord that lets potential buyers try out electronics before they commit to a purchase. You’ll make more sales and command higher prices when people know that the items actually work.
Closing Out Your Yard Sale
Items leftover toward the end of your yard sale can be discounted to try to get rid of them quickly. Putting up a sign that lets customers know everything will be half off during the last hour of your sale not only encourages people to come back again at the end, but it also encourages people to buy items they really want immediately because the item might be gone by sale time. Excess items after your sale ends can be donated to a local charity-run thrift store, and you can usually take a tax deduction for up to $500 worth of donated items at tax time.