Many people throw a yard sale and assume that they will be happy with any profit made. If businesses had this same attitude, they would be out of service within a month's time. As the owner and operator of your event, estimate a profit that you would like to make. Deduct the costs involved in advertising and price your items according to your needs. You may want to price some articles higher, because in some cases people will want to negotiate the costs. Always pre-price your articles or you may find yourself negotiating too much, leaving you with minimal profits.
PLANNING A YEAR IN ADVANCE
Many people do not give much thought to their sales event. Instead, they do their spring cleaning and immediately throw items on the front lawn with the hopes of making $30. If you take enough time to clean out your clutter, then find a way to be rewarded for your hard work. Pre-plan your event for a year. Every season, de-clutter your house and collect items from friends and family. You can also go as far as shopping at discounted stores such as Goodwill or the Salvation Army when they have tremendous tag sales. You may be able to get a Ralph Lauren/Polo shirt for a buck and sell it at your yard sale for five times the cost. There is the chance that it won't sell at all. However, to be successful you must take risks. While planning in a year's time, you can also collect samples from various companies and give them away as free gifts at your yard sale. You want to advertise to the public that they will, in fact, recieve a free item just for browsing. Daily, I receive 2-5 samples in the mail, which is more than enough to hand out to the customers.
GET OTHERS INVOLVED
By getting others involved, you can create a massive sale and huge attraction. Get your neighbors involoved in the action and create a block party/yard sale. This will only increase the number of attendents and customers. With more people involved, advertising expands and more connections are made. This will also help to build up a reputation for years to come.
SOME ADDED EXTRAS
If you are truly looking to make a nice profit, you can differentiate your yard sale by selling inexpensive foods such as cookie packs, nachos, or other home-made items. From my own experiences, I have made over $100 in profits by just making a crockpot of cheese and serving them with discounted nacho chips. Let's face it, people are attracted to food and often love the thought of purchasing baked goods. This is your day, so make the most of it!
PLANNING A YEAR IN ADVANCE
Many people do not give much thought to their sales event. Instead, they do their spring cleaning and immediately throw items on the front lawn with the hopes of making $30. If you take enough time to clean out your clutter, then find a way to be rewarded for your hard work. Pre-plan your event for a year. Every season, de-clutter your house and collect items from friends and family. You can also go as far as shopping at discounted stores such as Goodwill or the Salvation Army when they have tremendous tag sales. You may be able to get a Ralph Lauren/Polo shirt for a buck and sell it at your yard sale for five times the cost. There is the chance that it won't sell at all. However, to be successful you must take risks. While planning in a year's time, you can also collect samples from various companies and give them away as free gifts at your yard sale. You want to advertise to the public that they will, in fact, recieve a free item just for browsing. Daily, I receive 2-5 samples in the mail, which is more than enough to hand out to the customers.
GET OTHERS INVOLVED
By getting others involved, you can create a massive sale and huge attraction. Get your neighbors involoved in the action and create a block party/yard sale. This will only increase the number of attendents and customers. With more people involved, advertising expands and more connections are made. This will also help to build up a reputation for years to come.
SOME ADDED EXTRAS
If you are truly looking to make a nice profit, you can differentiate your yard sale by selling inexpensive foods such as cookie packs, nachos, or other home-made items. From my own experiences, I have made over $100 in profits by just making a crockpot of cheese and serving them with discounted nacho chips. Let's face it, people are attracted to food and often love the thought of purchasing baked goods. This is your day, so make the most of it!
- How to advertise
- How to increase your profits and customer base
- How to involve community groups
Comments
Really good tips, especially planning a year ahead. For me, though, storage of items for a year is not really an option, so unfortunately that would not work.
Comment 1 (of 1)
|
|