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Archive for August 14th, 2008

Aug 14 2008

The Definitive Guide to Yard Sales for Profit - Part 3

WHERE:   Location, Location, Location
Does your home have adequate space to lay out your yard sale?  What about parking - can you see four to five cars comfortably parked?  If not you may want to consider the possibility of having a community yard sale, or at least joining forces with a friend or loved one whose property may be a bit more accessible.  Remember:  if people can’t find you, you aren’t going to sell anything!

HOW:  Pricing Items for a Yard Sale
This is where a lot of people start to lose their faith in the process because they don’t have any idea what price to ask for the items they are selling.  The first thing I recommend you do if you fit into that category is to set aside a weekend morning to go  and window shop the yard sales in your area.  This will give you a better idea of what people are charging for similar items, but you need to avoid the temptation to add to your clutter!  You’re doing research, after all.

HELPFUL TIP #1:  If you price as you go, you will save yourself a lot of time when it comes to setting up the yard sale.

HELPFUL TIP #2:  Instead of pricing items like clothing individually, arrange them on a table or hanging rack in sections with clearly marked signs stating what the prices are for the type of item.  T-shirts, button down shirts, jeans, shorts, skirts, dresses, etc.  You get the idea.

Another point I want to make about yard sale prices is a pet peeve of mine.  The art of the yard sale is one that involves negotiation or haggling over price.  If you are the type to want to set a firm price for every item in your sale you aren’t going to make much money.  Encourage people to make an offer if they see something they like.  Taking a price cut will mean that it doesn’t have to go back into your house when it doesn’t sell.

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