How to Price Your Stuff to Make More Cash at Your Yard Sale

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