At GlobeLiveMedia we give you four recommendations so that you can make the most of your garage sales and make them very profitable. You’d be surprised how much money you can make from garage sales in the US.
Garage sales are one of the most common ways to make some extra money in the US and at the same time get rid of personal belongings that no longer mean anything to you, but can be worth it to others. be a treasure for which they would pay a few dollars that can help you cope with your personal finances.
According to a report in The New York Times, garage sales can bring you between $500 and $1,000, if you plan them correctly, so they can be said to be profitable.
In other words, the profitability of garage sales will depend on the products you have and how you prepare them. Therefore, at GlobeLiveMedia we will give you four recommendations to make your garage sale a success.
1- Start your garage sale on a Friday, not a Saturday
According to an article on the Money Under 30 portal, in which they interviewed garage sales specialist Lynda Hammond, Fridays are the best day to start your garage sale, as it is the favorite day for antique buyers and sellers. from eBay.
Also, Fridays are a good day to sell because they won’t be negotiating the price as much, knowing you still have two days left to sell your inventory.
Also, on Fridays there is less competition for garage sales, since everyone takes the weekend to do these types of sales.
Lastly, Hammond points out that people are willing to shop at garage sales when they drop their kids off at school or are on their way to work, in his experience.
2- Do not put prices on your products
The portal specialized in entrepreneurship ToughNickel points out that, in general, products in garage sales are expected to sell for 20% of their original price, depending on the condition of the product. And there are many who consider that it is correct to put a visible price on all your products.
However, this could prevent you from making as much money. According to Lynda Hammond, “A buyer may want a product that you have and don’t care too much about, so he may be willing to pay a lot more for it than you think.”
Therefore, it is better to let the buyer set the price for the product he wants to buy at your garage sale. If it seems like a very low price to you, you can refuse to sell it.
3- Pay attention to the advertising of your garage sale
Like any commercial activity, an important part of garage sales is found in the advertising that you do.
Therefore, it is recommended that you promote it on your social networks and even make a sign that lets everyone in your neighborhood know that you are having a garage sale.
4- Organize your sale so that buyers feel comfortable and relaxed
If you properly organize your products to make it convenient to shop, your garage sale is likely to be successful. To do this, you can group your kitchen products, appliances and toys by category. Also, cleaning them may be a good idea.
In addition, Lynda Hammond recommends that you offer water and baked goods, as well as soothing music, to enhance your shoppers’ experience.
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