How To Maximize Your Garage Sale Profits!
The best way to maximize your profits at a garage sale is to
plan on having a series of sales all through the garage
sale season. After all the collecting, sorting, cleaning and
tagging, it’s easy to save all the unsold items for your next
sale. You may need to stock up more items, but you will have a
good start. Between sales, you can locate more stock by
attending estate sales, auctions, and of course, all those
garage sales across town. Be on the look out for items
that have a greater value than the average person would ever
know...then flip them for huge
profits.
TIP: You will develop repeat customers by making sure every
sale you have features a good variety of items at bargain
prices.
How Often to Run A
Sale
In most parts of the country, sales work best in the spring,
summer and fall. It’s possible to have two sales in each of
the seasons, but be careful of overkill. Many people avoid
places with never ending garage sales where a "Permanent" sign
is covered with a towel during "down time." This isn’t a
garage sale; it’s a hillbilly flea market!
Garage sale buyers find excitement in attending your sale on
the first day knowing the "good stuff" will be still there.
(Make sure that your "good stuff" isn't valuable antiues!) If garage sale
hunters see you open for business again the next weekend,
many will assume that you are trying to sell all the unsold
rejects from the previous sale and they won’t even
stop.
TIP: Not only should you space consecutive sales a few
weeks apart, you should also add new items to keep repeat
customers interested.
What About Regulations?
It’s a good idea to check regulations in your area. Some
communities require a garage sale permit and regulate the
number of sales you can have as well as the number of days you
can run the sale. A phone call to your town clerk should help
you answer these questions.
TIP: If your owner’s association or community bans garage
sales move your sale to another location! A friend in a
neighboring community might allow you to use their
driveway.
Designated Storage Area
You are about to host the mother of all garage sales. You will
need a place to tag and store all your items until the day of
your sale. An empty room, a shed, or part of the garage would
do just fine.
For some garage sale hosts, the designated storage area is a
temporary loss of space, but for someone planning consecutive
sales, the storage area will be needed for the whole garage
sale season. You may wish to save some of your special
items for selling on Ebay. You can make a fortune on Ebay with the right
knowledge.
|