While there are many things to plan when you’re holding your own garage sale, one of the things many people forget is to consider how to price their items. You don’t want to sell your items “dirt cheap” but you also want to avoid overpricing them too. Here are some tips for pricing items that will help you make as much money as possible while ensuring your items sell.
One good tip for garage sale pricing is to consider the percentage rule. This rule is basically that you should price items at 10% of the original cost of the item. If you have something that only cost you $10, then you should sell it for $1 at your garage sale for the best results.
Another thing to consider when pricing items for garage sales is the condition of the items you are selling. Prices should be lower for items that are in poor condition. If something doesn’t work right or has some other problem, write "As is" on the tag.
Bundling together certain items, such as craft supplies, games, videos, or books can be a great idea. Price them to sell if you have a lot of these items, such as offering 3 for $1. This will help them sell faster for you and ensure you make some money too.
One the last day of the sale, or the last few hours of your garage sale, go ahead and lower the prices. After all, while making money is one goal, you also want to get rid of all these items. For the last few hours discount your prices by about 50% to try to sell everything that is left.
These are just a few tips for pricing items you plan to sell at garage sales. Of course, you don’t always have to follow these tips. Haggling with customers may be okay too, especially if your goal is to get rid of everything at your sale. Don’t be afraid to come down a little bit if it means selling the item.
