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Tips for pricing garage sale items
Garage Sale Stickers
Pricing garage sale items
When planning a garage sale, people often have trouble pricing items. Here are a few tips for pricing garage sale items in your next sale.
Keep items reasonably-priced. If items are too expensive or near retail price, people will likely go elsewhere. Depending on the item, it’s usually better to have someone purchase an item for a lower price than to have someone not purchase it due to a high price tag.
Price every item. If there is not a price on something, many people won’t bother to ask for a price. Not only is it a hassle, but leaving items without a price puts the seller in a position to make up a price on the spot, which can make a customer feel awkward. To avoid losing customers, price everything.
If you are cut short on time and don’t have to price every item, then try to group items in the same price range together and put up a price sign for that section (shoes $5, clothes, $1, etc.), that way people will have an idea of what your items are priced at.
If having a multi-family sale, you can write initials on the stickers so you know whose item you are selling. Color-coded stickers can work as well; however, they may confuse customers into thinking that the different colors reflect different prices. Also, discuss with participants ahead of time to see what items they are willing to drop the price on and how low they are willing to go on those items.
To keep track of whose items sold, you can either take the stickers once the item sells, or you can tally it up on a notebook or spreadsheet. Many people prefer to keep the tags or stickers to make it easier.
As the sale winds down, you may want to consider having a half price sale, or a $1 bag type sale. Be sure to talk to all participants involved if you decide to do a bag sale so that it doesn’t create confusion as to who is owed what.
Mark sold items as “Sold” so that someone else doesn’t attempt to purchase the same item.
Change for your garage sale
Have change on hand. The change depends on what you are selling. If you are selling higher-priced items, have $20’s, $10’s, $5’s and $1’s available along with coins. If your items are priced on the lower end, stock up on $1’s, $5’s, and coins. As the day progresses, you will accumulate more change.
Be sure to have a calculator on-hand, along with a notepad and pen or pencil. This will help you keep a running total of sales.
It is also important to determine ahead of time if you and the other participants will accept checks.
These are just a few of the basics to pricing items at your yard sale. For information and tips on the basics of planning your garage sale, setting up and organizing, advertising, or what to do with your leftover garage sale items, please be sure to check out my other articles.
If you have any tidbits of advice about having a successful garage sale, please share below in the comments.
Wishing you much success with your garage sale!