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1. Follow the 10% Rule. There is an unspoken rule in the garage sale world: You never charge more than 10% of the retail price. So this means if you bought a product for $20, you shouldn’t charge more than $2 for the item at your garage sale.
How do you price items for a 2021 yard sale?
The 10% Rule Generally garage sale prices in 2021 are 10% to 20% of the current retail price depending on the item’s condition and the demand. Don’t forget, you’re selling used items with no guarantee or warranty!.
What sells at a garage sale?
Garage Sales Tips: What to Sell Small and Large Appliances. Photography, Video and Audio Equipment. Baby Furniture, Toys, Clothing, etc. Books. Bottles, Jars and Containers. Fishing and Boating Equipment. Kitchen Appliances and Accessories. CDs, DVDs, Records, etc.
How do you price used items?
50-30-10 RULE: Near-to-new items should be sold for 50 percent of their retail price; slightly used items at 25-30 percent of retail; and well-worn items at 10 percent of retail.
How can I get the most money for my garage sale?
7 Ways to Make the Most Money From Garage Sales Be Organized. Too many garage sales are a haphazard collection of stuff. Don’t Put a Price on Anything. Get the Word Out. Go Through Your Stuff. Start on Thursday or Friday. Be Friendly. Think About Security.
How do you price stuffed animals for a garage sale?
Toys & Stuffed Animals – 25 cents to $3 (high end for really nice and fairly new toys) Board Games (complete) – $1 to $3. Puzzles (complete) – 50 cents to a $1.
What is the best month for a garage sale?
What’s the Best Time to Have a Garage Sale? The best time is generally spring, especially early spring. Summer is next best if it isn’t too hot. End of summer and fall are often ignored but can also be successful because the weather’s just as nice, and there’s less competition.
What is the fastest way to get ready for a garage sale?
Follow these tips to help you make some sales. Put like items together. Cover up anything visible that you’re not selling. Try bundling some items, like sets of baby clothes. Clean and polish items to make them look presentable. Put toys on a blanket in the yard at kid’s level to save table space.
What are the best selling items at garage sales?
Here are 15 popular items worth big money at garage sales. Old games. Old games are great items to flip for cash. Picture frames. Picture frames are a common item sold at garage sales. Furniture. Furniture is popular with the DIY crowd. Vintage dishes. Costume jewelry. Fishing rods. Artwork. Camping gear.
How do you determine the selling price of a product?
To calculate your product selling price, use the formula: Selling price = cost price + profit margin. Average selling price = total revenue earned by a product ÷ number of products sold.
What are four types of pricing strategies?
Apart from the four basic pricing strategies — premium, skimming, economy or value and penetration — there can be several other variations on these.
How do I sell items locally?
What is the Best App to Sell Stuff Locally? eBay. The popular ecommerce platform does offer a local selling feature and a mobile app, allowing you to reach its massive customer base right from your mobile device in order to sell items locally. Etsy. Facebook Marketplace. CPlus for Craigslist. Carousell. LetGo. OfferUp. Vinted.
Can you sell bottled water at a yard sale?
Sell refreshments at your yard sale for 50 cents each. Items that work well: bottled water, canned soda, popsicles, snack bars, granola bars, snack-sized chip bags. I’ve heard that fresh-baked items also sell quite well at yard sales — especially if you have kids manning that table.
How much money did you make from garage sale?
Summer is the perfect time to have a garage or yard sale. You stand to make some decent pocket money. According to the New York Times, if you put some thought and planning into your garage sale, you can net between $500 and $1000.
How much do you charge for furniture at a garage sale?
Furniture and Decor: Low-quality furniture could be perfect for someone starting out and can be marked $10-30. Nicer furniture can be sold for 20 percent of the retail value. Knick-knacks can be priced 25 cents to $3 unless it’s a nice item that’s new in the box, then you can charge 15 percent off retail price.
How do you price kids clothes at a garage sale?
Baby & Children’s Clothes 25 to 50 cents for well-worn clothes, especially if there are any blemishes, holes, or stains. Onesies in particular are going to be a dime a dozen on garage sale weekends, so I recommend 50 cents for onesies. If it’s a Baby Gap or other high-end brand in good condition, $1 is okay.
How much change should you have on hand for a garage sale?
Plenty of cash. Get two rolls of quarters, a stack of 50 $1 bills, 10 $5 bills, and 5 $10 bills. Do it two days before the sale so that, if you forget, you can still get the change on the day before.
How much should I sell DVDs for at a yard sale?
DVDs and Blu-rays can sell for $3 to $5, while CDs may only sell for $1 to $3. VHS and cassette tapes require a special buyer who still has the equipment, so go low with $1 or less.
What should you not buy at a garage sale?
8 Things You Should Never Buy at a Garage Sale Hidden Treasure or Safety Hazard? 1/9. Car Seats. 2/9. Cosmetics. 3/9. Cribs. 4/9. Mattresses. 5/9. Bike Helmets. 6/9. Nonstick Pans. 7/9. Running Shoes. 8/9.
What’s the best day to have a yard sale?
Friday, Saturday and Sunday mornings are usually the best time to hold your garage sale. Here’s an insider garage sale tip: Consider scheduling it on the first weekend of the month—a lot of paychecks go out at the end of the month, so people will have cash to spend.
