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It’s Yard Sale Season!
Posted By Ron On March 4, 2010 @ 8:10 AM In Money,Personal Finance,Saving Money | Comments Disabled
If you’re like me, you love the thrill of a yard sale! And no, I’m not talking about buying someone else’s junk at a yard sale, I’m talking about selling your own junk. There’s nothing like the feeling of getting rid of your unused stuff and getting cash in return. Sweeeeet! There are tons of reasons to throw in the towel on your clutter but here are MY top reasons for having a yard sale:
Why have a yard sale?
Here are some of my personal tips for having a great yard sale.
Put some elbow grease into cleaning out your garage, your basement, your closets, and your attic in preparation for your yard sale. Get rid of anything you haven’t used in the last two years and don’t hold back! Just because you can’t imagine anyone wanting your junk doesn’t mean there isn’t someone who does. What have you got to lose by putting it up for sale? Budget  plenty of time for the de-clutter step.
Involve the neighbors by asking them to have a yard sale the same day. Multi family yard sales attract a lot of people and the more “customers” you have viewing your wares, the better your chances of making some serious cash.
Remember the biggest principle of advertising – simplicity. Keep your signs simple and brightly colored. Post signs at busy intersections and on your front lawn. Big arrows pointing the way toward the sale make it easy for motorists to navigate their way to your wares.
And don’t forget to advertise on Garage Sale Tracker , in the newspaper (yes, there are still some around), on Craigslist, at your church, and any other place where people gather.
Make sure you have some tables and a few chairs as well as plenty of change. Organize your products by what makes sense, baby items with other baby items, tools with tools, and toys with other toys. Hang any clothes and make sure you have an extension cord or a power strip ready for customers who want to test electronic items. Have a trash can nearby so people don’t drop trash in your yard.
As much as it pains you, others probably don’t value your goods as highly as you do, but don’t sell yourself short. I’ve been to yard sales where things were priced 10 percent under retail and others where things were all 10 cents. Neither approach makes sense but selling most items at 10 to 20 percent of their retail value is a good rule of thumb.
You can also make group offers — “everything in this box for $10” for example.
Saturdays are by far the most popular day, but I’ve seen very successful yard sales start on Thursdays or Fridays. If you decide to have your yard sale only on a Saturday, be prepared to start early. I’ve had people show up at 6am, knocking on my door in an attempt to get the best deals on the freshest merchandise. Don’t be afraid to tell them what time your sale starts but remember that you don’t want this stuff! Sell it as soon as possible!
A yard sale can be a great source of quick cash. Use these tips to convert your stash of stuff to cash to pay off debt, pay for a vacation, or whatever you want.
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