Times are tough and we can all use a little extra cash in our wallets. How do we do this? Well Spring has sprung and a great way to put extra money in your wallet is through a yard sale. There is a lot of thought and work that goes into a yard sale to make it successful so follow these tips and you’re sure to have a heavier pocket at the end of the day.
What is my first step?
The best initial step is always to choose a date. A great target date is in 2 to 3weeks time. This will give you the opportunity to get things organized and ready. When you have a yard sale the first thing you need to have is stuff to sell. So a good plan of attack is to start with a spring cleaning. Every item you come across for the sale should go to a designated area. Once your items are chosen, it’s time to organize and clean them. Remember that a clean item will net more money than a dusty one.
How do I price my items?
A successful yard sale should have items that are already price tagged, so people don’t have to pick you out of a crowd or wait around to get a price quoted over and over again. Always price your items at yard sale prices. People shop at yard sales to get a bargain, so a $20 item selling for half the price may still be sitting on the table at the end of the day. Sell that item for $5 and watch it fly off the table. If you have a ton of small items, consider having a bin or table with a sign that says something to the effect of ``Every item in this bin is $1``. Also keep in mind when pricing that people will want to negotiate some of the bigger priced items so leave room for this. These are things you no longer want and if you feel you can`t price the item at yard sale prices then you may want to save that item to sell through a different avenue.
How do I attract people to my yard sale?
The best way to attract customers to your yard sale is of course if through advertising. Place online ads on sites like Kijiji and Craigslist. Call your local newspaper and buy an ad that will appear in the paper a week before your sale. All ads should contain the date of the sale, the location of the sale, the hours and you can even include a short summary of items for sale. On the day of your sale, place signs around your area advertising your sale info. When you`re making your signs, use bright coloured paper and put your information in large legible writing. It`s also a good idea to put arrows on your sign directing them in the right direction of the sale. Don`t forget to take down the signs when your sale is over.
Anything else I need?
Yes, you will need to have newspaper or bubble wrap to wrap delicate items, have grocery bags on hand so people can carry their stuff. Don`t forget to have a lot of small change. People will buy a $2 item with a $20 bill. You can start collecting your $5s, $1s and change weeks prior or take a trip to the bank and change a $50 bill to smaller increments. Keep your money safe. Wear a fanny pack so you`re not leaving your earnings unattended. Also remember to display all your items and dedicate the day to working your yard sale.
Have a successful day and for more valuable tips and information, visit www.facebook.com/prudentfinancial
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