A great by-product of spring cleaning every year in many households is the annual garage sale/yard sale. Many of us experienced this trademark of domestic enterprise that would rid closets of grown-out-of-clothes and toys, old electronics; anything that you can put a price on and a neighbor or passer-by can purchase and enjoy for themselves! PennySaver would love to supply you with a few tips before your garage or yard sale to help to maximize your effort.
1. Location, Location, Location: When I was a child, we lived in a rather remote area, miles off of the highway, in a low traffic area. A yard sale at our house was sure to yield almost no profit, because, on a given summer day, literally 5-6 cars would pass per hour, and that doesn’t make for the ideal condition to encourage shoppers. If you live in an area without a lot of foot or car traffic, maybe ask a relative or friend if they would want to participate in a joint venture, or if you could just use their prime real-estate for your sale.
2. Pricing: We know that it’s hard to part with certain items that are taking up room, but pricing too high because of your affection for the item doesn’t help anyone. Price things reasonable, and that will encourage people to buy a larger quantity, which serves the exact reasoning for the yard sale in the first place: To Clear Things Out!
3. Bundle Items: Create bundles of similar items to sell in larger quantities. It might encourage people to buy, as it encourages their chance of satisfaction in a single purchase. If you’re selling books or dvds, group them together in fives; even if the customer doesn’t end up enjoying the first book, they have four other chances and a new book to add to their bookshelf.
4 . Create Bargain Bins: Everyone loves a good bargain bin! It’s great to sort through merchandise and know it’s all the same price and easy to add up what you’re spending, and the person selling doesn’t have to label every item. Save time and money!
5. Advertise: It is vital to advertise your sale with flyers and ads on…um….PennySaver! Some people live and die for yard sales and garage sales and are looking for sales in their neighborhoods on a daily basis . It will be worth it when you turn a big profit from a very little investment!
6. Fun Stuff: Why not have some refreshments for your customers? Bring out some lemonade, have some bottled water on hand; on a hot summer day, it will help to create a better shopping experience. Have some music playing, and greet everyone just like you’re running your own little store for the day. A happy customer is the best kind of customer!
7. Raffle: If you have a large item that you need to get rid of that might be a bit much to sell at a yard sale price, but you really need it to go, do a raffle! People will flock to a sale if they think they might win a lawnmower, a TV, a bedroom set, etc. People might show up just for this and end up buying something else!
We even provide you a little assistance for signage for your sale, Click Here! If you’re a seller or a buyer, it truly is a great place to find a great deal and a great place to make a little extra cash. And these days, that’s a great scenario either way, right?