Organizing Garage Sales Can be Profitable!
Need extra money? Especially during the recession, organizing a garage sale business, at your home on weekends, especially during the summer, can be a profitable, low risk way to start a home-based business, and get extra income. Besides selling your unwanted, excess, or unused items (but that’s a good place to start), you can buy wholesale merchandise from wholesale companies that cater in part to people selling at garage sales.
The great American garage sale, also known as a yard sale, rummage sale, moving sale, or block sale, is quickly becoming more than a place to find or get rid of old, unused, household junk. Because of the recession and to save money, many smart shoppers are shunning department stores, shopping malls, and the Internet, and turning to garage sales to meet most of their material needs.
On any summer weekend, take a drive through any American suburb, residential neighborhood, for example, around Portland Oregon, San Francisco, New York, Miami, and you will see what I mean. People are loving garage sales all over America. There, you can find anything from household items for 50 cents each to appliances like a television and refrigerator, other household furnishings, such as sofas, dinning room table sets, even valuable collectables, at a small fraction of the price found shopping downtown.
Setting Up the Sale
Use the driveway as the main selling area, then the front porch, lawn, or other parts of the front yard as needed. Use tables as much as possible to display your items. Keep different types of merchandise clean and separate from each other. For example, keep clothing like shirts, jackets together, and clothing should be on cloths hangers and racks. Glass wear, pottery, etc. should all be together, and so on. Maintain clear traffic isles. The better your sale looks and the more you have out, the more people will stop to see what you have!
Garage Sale Pricing
Most people come to this type of sale in search of bargains. So give them bargains! It depends on what you are selling, but for larger articles, for example: a three-man dome tent, good condition, try selling for 1/4 the original value. Use the same pricing for such things as a washer or dryer, dinning room table set. Be careful! Don’t sell something, then later regret selling it. Sell only merchandise you won’t mind selling, stuff that you just want to move out. Most used shirts sell for $1-2; same with old pants (except jeans, sell for more depending on its condition); glass wear 50¢ to $1.
If you try purchasing from wholesale companies with the intention of reselling it at your sale, fine. But make sure you can sell it at a price that will give you a good profit. It takes some experience. Small flags for example, American flags, Mexican flags, other flags too, sell pretty well during certain times of the year or on holidays. Just make sure there is a good market for your purchases and shop only from a genuine wholesale supplier. You can go to my website (see link below) for a free list of genuine wholesale companies.
Put Out Lots of Signs
Place informative signs at strategic locations and intersections to direct people to your sale. A small, saw horse type sign, which you can easily make yourself, stands nicely and you can fold it up to be used another day. Or, you can use signs with wooden rods attached to push or pound into the dirt or a lawn. The more difficult it is to find your home, the more signs you will need to put out. Make them bold and colorful to attract more attention.
You can place free Internet classified advertising listings on Craigslist.org and many local news publications allow free classified ads as well. Of course, the more signs, ads, fliers you put out there, the more traffic you will draw and the more $$$ of profits you will make! So, as in any small business enterprise, promote! promote!
Source by Bob E Thompson