
Once you've mastered your marketing, it's time to think about pricing
your items for maximum earnings at your garage sale. There's a few handy
strategies we have to share with you, all aimed at keeping things
simple and easy for you on the day.
- Round numbers:
$9.99 looks really slick on the shelf at Walmart, but cashiers there
have computers on hand to add everything up. Stick to 25c, 50c and
whole-dollar increments for your pricing. This will make it easier to
add prices together in your head.
- Have a system:
If you're teaming up with friends or family, or you're part of an even
larger group, you'll need to have a system to keep track of your items
and sales. If it's just you and your neighbor, for example, make sure to
use different colored stickers to keep your items separate. Try to
agree on a pricing system together so that your prices are comparable –
there's nothing worse than having to compete in your own driveway!
- Cash Management Tip:
If you're part of a small group – a few families on your block, perhaps
– different cash boxes should be enough to keep track of your sales.
For a larger group, like a church or non-profit organization, consider
using a cash register with codes for each seller, or keeping a
handwritten ledger.
- Stick it to sell it: Pricing
your items with stickers works really well. However, you may also like
to group items together to sell at a common price – for instance all the
clothing on a particular rack, all the books on one table, or all the
stuffed animals in a specific box. Make sure to mark the price on these
clearly to avoid confusion. Grouping items like this also allows you to
offer bundles at a lower price. For instance, pricing your DVDs at $10
each, and offering three DVDs for $20. $10 for a DVD might seem a little
steep, but it makes three for $20 look like great value in comparison.
- It's all about value: Value's a key term when pricing
your items. There's plenty of specific information and guidelines out
there on what an item is actually worth, especially when it
comes to big-ticket goods like electronics, but we're going to keep it
simple here. The value of an item is what you're willing to sell it for,
and what others are willing to pay for it – not a penny more or less.
In the
complete video training course, we show you our Garage Sale
Marketing's price guide for an idea of what specific items might be
worth. The final decision is, of course, up to you. Remember that the
lower an item is priced, the more likely it is to sell; but pricing
items too low costs you money.
Click here for more detailed training:
http://www.GarageSale.Marketing/t/62mhg4