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Increase Your Personal Profit Margin: Tips for Making Bank at Your Next Garage Sale

INCREASE YOUR | TIPS FOR MAKING PERSONAL BANK AT YOUR PROFIT MARGIN | NEXT GARAGE SALE Step into your role as Yard Sale CEO and start building your business plan for this money-making endeavor. Exercise your savvy strategizing skills with a few simple tips and take pleasure in watching your capital increase. GARAGE SALE FACTS & FIGURES The following estimates are based on polled averages taken in the U.S. 165,000, GO0,000 Garage sales HELD PER WEEK PEOPLE MAKING PURCHASES PER WEEK 4,967,500 Items purchased per wek $4,2375 OnN TOTAL REVENUE PER WEEK SATURDAY Best day to hold a GARAGE SALE $0.85 AVERAGE PRICE 7:00am Best time to start a garage sale per item 6 STEPS to Increase Your Yard Sale Revenue YARD SALE 1 NEIGHBORHOOD Coordinate with neighbors to: • NETWORKING .............. ................ HAVE MULTIPLE SALES AT ONCE DONATE STUFF TO YARD YOUR SALE USE THEIR YARD FOR INCREASED VISIBILITY SALE YAR SALE Helpful if your house is tucked away in the back of a cul-de-sac Offer to take unwanted junk off of their hands for free The increased commotion will attract more customers to your neighborhood Have some hot-item inventory to sell at a higher price point, but keep in mind that it's a garage sale -don't get too hot. YARD SALE IMPRESSIVE 2. INVENTORY TYPICAL STUFF: clothes, toys, appliances, glassware HOT ITEMS: furniture, electronics, collectables TOO HOT: diamond earrings, brand new laptops, cars HELPFÜL HINT: Provide an outlet where people can test electronics. | Create a theme based on items that you have J. MARKETING a lot of, and market to | your target audience. STRATEGIC Timeless Exercise THEME EXAMPLE TWO: Junky THEME EXAMPLE ONE: Antiques Old books Vintage jewelry Exercise Instructional workout videos equipment Classic records Fitness apparel Workout accessories Rustic furniture Dainty decorations Nutrition books HELPFUL HINT: You can sell items that are outside of the theme by displaying them in a miscellaneous section. The classic poster method of advertising yard sales is great to attract passersby. Consider reaching a wider audience by using social media, garage sale websites, and print media. 4. POWERFUL ADVERTISING POSTERS: SOCIAL MEDIA: Garage Sale Websites: Keep 'em simple and legible Facebook www.salenook.com O Twitter www.yardsales.net O Use quality paper that won't blow Instagram www.yardsalesearch.com away or wrinkle PRINT: www.craigslist.com O Make it one bright color Newspaper ad Penny Saver ad HELPFUL HINT: Be sure to include date, time, location, theme, and photos in your advertising. Creating a clean, presentable, and organized space will make customers want to stick around a little MERCHANDISING longer. Here are some tips for achieving a visually pleasing space: 5. COMPELLING VISUAL HANG, FOLD, OR PLACE ITEMS SO THEY CAN BE EASILY VIEWED GROUP ITEMS BY TYPE OR ACCORDING TO THEMES SO PEOPLE CAN SEE EVERYTHING THEY ARE INTERESTED IN AT ONCE LEAVE SPACE BETWEEN SECTIONS OR TABLES TO ALLOW PEOPLE TO WALK, STOP, AND BROWSE Do not throw items in boxes for customers to sift through HELPFUL HINT: Provide bags or boxes for customers to use as makeshift shopping carts, giving them something to fill up. One Method: Don't Price Anything 6. EFFECTIVE PRICE Another Method: Price Items PLANNING One Method: Another Method:: Negotiate prices but make the customer choose the starting point. Identify an item's worth; often 10-25% of its initial cost People are often willing to pay more for something than you would think to price it as. Sell items in a bundle at a lower cost than they would be per piece. If you have friends or family members helping you sell then create a sheet with the minimum price that you would take for each item. Have a $1.00, $3.00, or $5.00 table with plenty of smaller items. This way you avoid having your sweet little niece sell your precious items for $.05 each. As the sale is coming to an end and you are running out of inventory, make everything 2 off! Additional Tips to Ensure This Garage Sale Is Worth Your While $100 Don't let people in your home, and lock the doors Keep all the money on you in a pouch or Have plenty of small change to complete the initial transactions Check with residential rules and obtain appropriate permits if required Be leery of $100 bills apron Brought to you by StorageFront | storagefront.com Storage Front .com Resources: http://www.today.com/home/how-make-more-money-garage-sale-1D79976211 http://twocents.lifehacker.com/make-more-money-at-garage-sales-by-not-pricing-items-1623075149 http://www.wikihow.com/Hold-a-Garage-Sale http://www.statisticbrain.com/garage-sale-statistics/

Increase Your Personal Profit Margin: Tips for Making Bank at Your Next Garage Sale

shared by StorageFront on Mar 18
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Step into your role as Yard Sale CEO and start building your business plan for this money-making endeavor. Exercise your savvy strategizing skills with a few simple tips and take pleasure in watching ...

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