How to Price Merchandise at Your Garage Sale
Follow the 10 Percent Rule
It's a general rule that for a garage sale you don't price any of your items more than 10 percent the retail value. This may seem like a very small amount, which it is, but the quantity of your items is where you'll really be making the most money.
Tips to Have a Profitable Garage Sale
Clothing and Accessories
Adult Clothes: $3 to $5 will work for most pants, shirts, sweaters, and the like. If it still has the original price tag and is unworn, up the price. Baby Clothes: $1 to $3 is a good range for gently used clothing, though you can drop it to 50 cents for those that have seen more use.
Here are 15 popular items worth big money at garage sales.
Here are 10 things you should never buy at a yard sale, no matter how cheap they are.
What time should your garage sale start and how long should it go for? If you have a small amount of quality items then a short, intense, painless 3 or 4 hours in the morning say from 7 – 11 or 9 – 12. An alternative that I like is 3 or 4 hours in the afternoon. You can sleep in and have less competition.
When you have a garage sale and sell used items, you are generally not required to hold a seller's permit. ... You are required to have a permit if you are selling, even temporarily, new or handcrafted items or used items you purchased for the purpose of reselling to others.
Set a date for your garage 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.
Yard Sale Advertising
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.
Yes, it's probably worth what you're asking — but not to a garage-sale shopper. ... Your vintage goods may take longer to sell online than in your garage — but you'll probably nab a much better price for a lot less effort.
Pricing New Products for Resale
The simplest is generally a cost-plus approach, which means that you multiply your product cost by a markup factor such as 100 percent. If you paid $25 wholesale for a cordless drill and applied a 100 percent markup, the retail selling price would be $50.
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