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Kamis, 07 Juli 2016

What You Need To Do When Conducting A Garage Sale

By Richard McDonald


When you happen to have a lot of old but still useful things in and around your house that you barely utilize anymore, the smart thing to do would be to gain profit by selling them. Garage sales are typically welcome affairs where people are interested to purchase secondhand items at really marked down prices. So if you are deeply interested in hosting one yourself, then take a look at the information below to ensure you shall have a successful garage sale at home.

First things first is to take a systematic inventory of all the various items you plan to include in the rummage sale. Go through each area in your house and see there are things you do not care to own anymore like used pallet racks or that outdated microwave oven sitting unused in your kitchen. Make it a point to list everything down so that your selling stock is accounted for.

After listing everything that you plan on selling at marked down prices, you should commence with the next phase of the process. Create booths and stations to set up the products using several large crates or tables. Next, you must promote your event through various platforms like print advertising, digital media via the internet, and good old fashioned word of mouth.

Attracting big crowds of interested shoppers means that the retail event should be held on holidays or weekends. This guarantees a higher chance of attendance and foot traffic as such time periods generally release people from other priority commitments. Apart from choosing the right date, you should also consider the weather since rain will not serve your desired purpose.

If managing this flea market is too much for one person to handle, then think about recruiting some people you know and trust to help with the selling. Having other people around to assist you will be beneficial as they can act as lookouts for anyone trying to shoplift the wares on display. Reward them through free food and drinks or a portion of the sales as an alternative.

Be smart about your business and ensure that every item up for grabs has a price low enough to attract buyers but not so low that you will suffer losses. Expect people to haggle you for lower rates, especially when you have things that are considerably of value to them. Play the haggling game wisely, and stand firm on your final offer during the negotiation process.

This particular retail event is an opportunity for you to socialize and mingle with neighbors and other people roaming by the neighborhood. You could maximize your chances of earning more by being friendly and sociable when people are browsing through the things being sold. They will be more receptive to paying for the exact amount if you charm them well with authenticity.

There are two things you can do when the garage sale is over and you still end up with some remainders. The first option is to resell the pieces online through digital marketplaces and wait for people to respond to your listings. The second route is to simply accept your minor losses and have them donated to a charitable group accepting donations like The Salvation Army.

Selling old items outside your home is easy enough once you understand the basics of how to accomplish the job. Stick to the points listed here for reference. Stay positive and be confident in your sales pitches.




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