Here are a few examples of generic pricing you can use to go by when pricing your next yard sale:
- Books: 25 cents for paperbacks and $1 for hardcovers. Offer a bundle deal to clear out the stash and make some extra cash.
- Clothing: Children’s clothing can go from 50 cents to $3, depending on the brand and condition. ...
- Electronics: Price electronics in good condition for about 1/3 of the purchase price unless they were purchased that year. ...
How should I price my items for sale?
How you price your item may also depend on whether you create an auction-style listing or a fixed price listing. Buyers can compete for your item, so choosing a low starting price can help create more interest In certain categories, you can add a reserve price. This is the lowest price you're willing to accept for the item.
How much should I price my used furniture for?
That helps you determine the fair market value for your item. The basic guideline for the used furniture industry is to price it at 70% to 80% of the original selling price.
How much should you price yard sale items?
Read on for a basic guide to pricing yard sale items. Price books at $1. People don't want to pay more than this for a book at a yard sale, unless it's a beautiful hardcover coffee table book. Display your books spine-out in an attractive box or on a bookshelf that's also for sale. [1] Price DVDs at $5.
Should the price of an item be the cost of parts?
Many of us even assume that the price of an item should be the cost of parts and labor, plus small fraction more. Unless you bought it used, in which case asking more than you paid for it is outrageous. The truth is, however, there's no objective "correct" price—only what someone is willing to pay.
How Can You Determine the Best Price for Selling Used Items?
Why do parents come in to sell their used items?
Can you have more than one garage sale before moving?
Does eBay give good prices?
Does furniture sell for more than its value?
The real value of second-hand items | Ziffit
Explore the real value of second-hand items and how to give the new life through trading and recycling your books, CDs, DVDs, and games.
How to Price Used Items to Sell | Sapling
Check unofficial or official pricing guides for the used you want to sell, if any exist. For example, look at Kelley Blue Book's "Private Party Value" if you're selling a used car and want to find out an approximate price that others would pay from private sellers.
How to Determine Fair Market Value of Household Items
General Fair Market Values Step 1. Make a list of the household items you wish to value. Include any information that may help value your item, such as its condition, any serial numbers ...
How can I charge more for my used items?
You can charge more for your used items by finding a place to sell them where there isn’t much competition. When multiple people sell the same product on the same online marketplace like eBay, it drives prices lower.
How much should you sell a used item for?
As a general rule, you should price your item based on how fast you want to sell it. If you want to sell it quickly, then set a low price. If you want to sell it very slowly, then list it expensive.
When should I price used items to clear?
If you want to get rid of them fast, you should price your items cheap. Such as at a yard sale. Such a price would make it a no brainer for people to buy it, for example, $2 for a used ironing board, $5 for a coffee table.
Where else can I sell my used items?
You can sell your used items on your online store, an online marketplace, or bulk to a liquidator. You can create a little online store for yourself or use an online marketplace such as Etsy, Amazon, Sheepbuy, or eBay.
What products have the highest markup?
According to Wisebread.com, they are bottled water, pre-cut vegetables/fruit, college textbooks, designer handbags, and designer jeans.
How much to charge for unworn items?
The only exception to the 10 or 20% rule is if the items still have the tag on them and are unworn. Consider charging 30 to 40% instead. Remember, these are still items that don’t have a return policy, so you can’t charge the item’s full price, but you may be able to get a little more for these.
What to do when someone offers a lower price at a garage sale?
If someone offers a lower price, counteroffer them as a way to ensure these items are finally out of your house.
What is garage sale?
Garage sales are an excellent way to clear out items and make more room in your home while also making some money. But if you’re more used to browning them than holding them yourself, you might not know exactly where to start.
How long is a garage sale?
Even though your garage sale is only one to two days long, competitor research is still necessary to an extent. It may seem intense, but in this case, this will just involve window shopping at some other garage and yard sales in town and checking out their stock and prices. Just try not to bring home any more items that will just end up in future garage sales.
Do you have to have coins and bills ready at the start?
Be sure to have some bills and coins ready at the start, but following this tip will help you always have change at the ready.
Is it easier to make change with pennies?
Making change is significantly easier when you’re not dealing with pennies. People often pay in dollars and buy in bulk, so you’re likely going to need $1 bills as well. Be sure to have some bills and coins ready at the start, but following this tip will help you always have change at the ready. 4.
Do you have to deal with shipping and handling at garage sales?
Granted, you’ll need to deal with shipping and handling, but the higher prices often outweigh the extra expenses. There’s a reason there are TV shows dedicated to people who found super-rare items just hiding out at garage sales.
How much do you deduct for furniture?
The industry standard would be to deduct a further 5% for every year or two that you’ve owned the furniture.
Do you have to pay list price when buying new furniture?
This should be the price it actually cost, not what the furniture store originally wanted – everyone knows that furniture is heavily marked up and that you seldom have to pay list price when buying new.
Do you have to depreciate antique furniture?
How to price antique furniture. Once again, you wouldn’t have to depreciate the piece if it is antique, in fact, it may appreciate with age if it is looked after. There is no easy way to price an antique unless you are an expert. If you have a worthy piece, you should get it appraised by a professional, or be prepared to do a lot ...
Is custom furniture expensive?
While custom furniture may have been expensive, unless it is something that your buyer is also looking for, the selling price will not reflect the cost to you.
Do antiques have a market?
Of course, if you have antique or vintage furniture there will probably always be a market, though even then you still want to present the furniture in the best condition possible.
Is Etsy a good place to sell?
Hi Maria! It can be scary starting out, but Etsy can be a great place to sell your creations and make some extra cash. Good luck, and keep me updated on your progress!!
Does DGB send free stuff?
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How to price items for a yard sale?
To price yard sale items, remember that shoppers are looking for deals, so avoid overpricing for a successful sale. Price lower quality furniture that may be scratched up or made out of less sturdy material at 10 to 30 dollars per item. For furniture that’s sturdier, like solid wood dressers, tables, cabinets, or bookshelves, you can charge ⅓ of the original price. If you have some smaller home decor pieces, like candlesticks, pictures, and knickknacks, price them at 3 to 5 dollars each. This is also a good price range for most clothes , toys, and DVDs. To learn how to price antiques for your yard sale, keep reading!
How much should adult clothes be priced?
Price adult clothes at $3 - $5. Old shirts, pants, dresses, and other items shouldn't be priced higher than this, unless they're name brand with the tags still on. You might have more luck selling clothes if you leave out the oldest, rattiest items; don't make people dig too deep to find something worth buying.
How many people edit wikihow?
wikiHow is a “wiki,” similar to Wikipedia, which means that many of our articles are co-written by multiple authors. To create this article, 23 people, some anonymous, worked to edit and improve it over time. This article has been viewed 396,843 times.
What to do if you don't know what your house is worth?
You don't want to undersell your most valuable possessions. Display high value items close to the house, in a special area you can keep an eye on.
How to advertise a garage sale?
Without traffic to your garage sale, the items will just sit out in the sun and you will realize little to no gain. So put up signs around the neighborhood, put an ad in the local newspaper, and try internet garage sale websites as well.
How much does it cost to sell baby clothes?
If you have a ton of baby clothes to sell, consider selling them by the bag for $5.00 or so.
What to do if you don't sell your stuff?
Donate the leftovers. If you don't sell all your stuff and you don't want it anymore, consider donating it to a charity store, or to a shelter. Get a receipt for the tax write off, if relevant.
How to determine price of a product?
Of course, determining your price is only one piece of the puzzle. You also need to pick the right venue for your items, write a good description, and make it easy to search for. However, setting a price for your stuff is just like any other negotiation. You research what the other party wants, what they're willing to part with to get it, and you try to get as much as you reasonably can on your end.
How to find out what your stuff is worth?
The quickest way to determine what your stuff is worth is to see what other people are selling similar items for. Let's use Craigslist as an example. Say I want to get rid of an old black leather futon. I can search my area for similar futons. I can see that similar listings are going for $150-250, depending on the features and condition.
What happens when you sell old stuff?
When you're selling your old stuff, your costs have already been paid, so you don't need to worry about a sustainable business model. All you need to do is find someone who's willing to buy your product at the highest price possible. The practical upshot of this is that you can set your price as high as you want and the worst thing that happens is it doesn't sell. You can always re-list later.
Can you sell used socks on eBay?
Of course, you probably won't be selling your used socks on eBay. But the condition of your stuff still matters. And it's not all bad, either—having a scratch on your leather couch or your phone may mean you can't sell it for as much as a new one, but it does mean you have a wider market.
Is price the only thing you should compare?
Price isn't the only thing you should compare, though. As financial advice blog G Margin explains, the condition of your items matter. We often have a tendency to overvalue our stuff despite its condition because we bought it when it was newer than it is now. G Margin explains with a simple example about selling socks:
Can you use trackers for individual items?
If you really want to get in-depth, you can also use trackers for individual items like you would if you were buying. We've featured services like NotiCraig that will send you an email when an item you're looking for shows up. You can use these same tools to watch items similar to the ones you want to sell and see how much other people are selling them for.
Is price fixed or variable?
While some cultures emphasize the art of negotiation, retail stores and large corporations have taught us that prices are fixed things. Many of us even assume that the price of an item should be the cost of parts and labor, plus small fraction more. Unless you bought it used, in which case asking more than you paid for it is outrageous.
How Can You Determine the Best Price for Selling Used Items?
We asked our frugal readers to weigh in on this topic. Read on for the good advice and tips they shared on how to price used items for resale.
Why do parents come in to sell their used items?
Sometimes it is because the items are worn, but also many items they purchased for a high price, such as bedding or wall hangings, just aren’t popular and don’t sell well.
Can you have more than one garage sale before moving?
If you are planning on having more than one garage sale before you move, you can experiment with the pricing and see what the interest is. If it doesn’t move, you can lower the price for the next sale.
Does eBay give good prices?
Checking eBay can usually give you good asking price for anything.
Does furniture sell for more than its value?
Furniture generally sells for much, much less than its perceived value — especially at a garage sale. Conversely, if an item is perceived as being highly valued and in low supply, it could sell for far more than what you paid for it.
