Thursday, July 22, 2004
More Bang for Your Buck: Successful Yard Sales
Make money without ever leaving home. Almost sounds too good to be true. But if you're thinking about hosting a garage sale, there are ways to maximize a profit. In tonight's more bang for your buck, we're going to show you some selling secrets.
(WSVN) -- Moving...Remodeling…or just cleaning out clutter…you know the old saying, "one man's trash is another man's treasure."
Markus Hummel: "It was either the trash can or the yard sale so we opted for the yard sale."
Markus Hummel decided to give his negotiation skills a try.
This father of two has one goal for the weekend.
Markus: "I think if there's enough money to take the family out to dinner. It was a success."
And it can be a success if you follow a few pointers.
Like begin by checking with the city for neccessary permits for posting signs. Then, place a calssified ad and plan an advertising strategy.
Markus: "it's going to cost you about $30 more dollars to advertise but its worth it."
Martha Klien Reichman should know. She's been holding sales for nearly three decades
Martha: "Try to categorize some things."
Put big ticket items like furniture at the end of the driveway.
This way, it will catch people's attention. As for the price, mark everything at no more than half of what you paid... Then expect buyers to haggle.
Martha: "Hopefully you want to do about ten or twenty dollars an hour."
But don't forget to spend time making old items shine.
You know, aestheics do count. And have batteries or an electrical outlet handy so shoppers can test items to make sure they work.
Martha: "I'm surprised some of my treasured pieces that I didnt want to sell to begin with have not sold yet."
Tim has another reason to be surprised. He made $70 dollars on the day...And that, should make for one nice dinner.
Martha: "I think the more, the merrier."
Also don't forget to advertise two day sales as seprate events. This way people coming the second day won't just feel like they're getting leftovers.
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