What should I charge for my garage sale items?
| Book category | Price per lb | Price per kg | Price per book minimum |
| Paperback fiction | $2.00 | $4.44 | $0.57 |
| Romance | $1.80 | $4.00 | $0.51 |
| Mystery | $2.30 | $5.11 | $0.66 |
| Science Fiction | $3.00 | $6.67 | $0.86 |
What is the best way to price items for a garage sale?
How to price garage sale items Write prices on masking tape or stickers. If you're having a multiple-family garage sale, label stickers with the initials of the families, e.g. ... Put up a sign designating different color stickers for different prices (e.g. ... Sell items in bundles (e.g. ... Price items between 10 and 30 percent of their retail value [source: Garage Sale Source ]. ...
How much to price things at a garage sale?
- Clothing: Adult clothes typically sell for $3 to $5 per piece. ...
- Accessories: Adult shoes can sell for anywhere from $3 to $10 per pair, depending on the brand and their condition. ...
- Books: Hardcover books usually sell for around $1 — perhaps $2 for heavier tomes. ...
- Records: Vinyl records, once considered passe, are now becoming collectors’ items again. ...
How to make money buying garage sale items?
How to Make Bank Shopping at Garage Sales
- Locate garage sales. You don’t need to drive around aimlessly to locate a garage or yard sale. ...
- Prepare. The last thing you want to do is show up at a garage sale unprepared. ...
- Arrive early for the best selection. "The early bird catches the worm" is a phrase that rings especially true for garage sales. ...
- Shop smart. ...
- Interact with the seller. ...
- Resell the item. ...
What are good garage sale prices?
Price Guide for Garage Sales
- Paperbacks: 25 cents or 5/$1.00
- Hardcover books: 75 cents or 2/$1.00
- Reference books- Hardcover dictionaries, thesaurus, etc.: $1 to $2
- CDs, Video Tapes: $1
- DVDs (recent): $3 to $5
- Dishes, glassware: 25 to 50 cents a piece, larger items (like casserole dishes) a buck or two, sets anywhere from $2 to $5
- Blankets, Curtains: $2 to $5
How do you know how do you price items for a garage sale?
Follow the 10% Rule There is an unspoken rule in the garage sale world: You never charge more than 10% of the retail price. So this means if you bought a product for $20, you shouldn't charge more than $2 for the item at your garage sale.
Should you put prices on garage sale items?
There's a strategy for pricing items at a garage sale. Remember, people are looking for a bargain. The Spruce recommends that you follow the “10 Percent Rule” – set your price at about 10 percent of how much the item would cost at the store.
How do you price items for sale?
Adding a percentage or dollar amount to the cost of the product is cost-plus pricing. Retailers often use the keystone method, in which the price the item was acquired for is doubled. For example, if your store bought the item for $6, you'd sell it for $12. Cost plus is appropriate for manufactured items as well.
How much should you charge for DVDs at a garage sale?
You can price them at around $2 each or more for records that are rare and in excellent condition. You can also try boxing up records and selling them as a lot, especially if they're older types like 45s. Other Media: CDs and DVDs, which still count as modern technology, can sell for $1 to $5 each.
How do you price items for 2021 garage sale?
People come to garage sales because they want to get a deal. If you have something of real value and want to be paid what it's worth, consider selling it through another outlet like eBay or Poshmark. Follow the 10%–20% rule. Some people suggest pricing your items at only 10%–20% of their retail value.
What should you not sell at a garage sale?
What NOT to Sell at a Garage SaleQuality jewelry, silverware, antiques, collectibles or paintings. ... Better quality clothes. ... Similarly with big furniture items (beds, sofas, etc) and anything over $50. ... Don't sell underwear at a yard sale. ... Don't sell illegal goods, unsafe or recalled goods.
How much should I charge for used items?
50-30-10 RULE: Near-to-new items should be sold for 50 percent of their retail price; slightly used items at 25-30 percent of retail; and well-worn items at 10 percent of retail.
What is the formula for pricing products?
Retail Price = Cost of Goods + Markup. Markup = Retail Price – Cost of Goods. Cost of Goods = Retail Price – Markup.
What is the formula to calculate cost price?
Cost price = Selling price − profit ( when selling price and profit is given ) Cost price = Selling price + loss ( when selling price and loss is given )
How much should I sell children's books for at a garage sale?
Here's a list of fairly standard prices for garage sale items: Books Paperbacks 25¢, hard covers $1. Children's clothing 50¢ to $3.
How do you price baby clothes at a yard sale?
Baby & Children's Clothes $1 to $3 for gently used or like-new baby/kid clothes. 25 to 50 cents for well-worn clothes, especially if there are any blemishes, holes, or stains. Onesies in particular are going to be a dime a dozen on garage sale weekends, so I recommend 50 cents for onesies.
How do you organize clothes for a garage sale?
Clothing. The best way to display clothing is on hangers on a portable clothes rack. That keeps garments off the ground and makes them easy to sort through. If you don't have a clothing rack, look for a makeshift alternative, such as an old ladder or a sturdy clothesline strung between two trees.
What is the goal of a garage sale?
Whenever garage sale season falls in your area (if there is a season at all), you want to be on top of that yard sale checklist so you can accomplish the two goals of any good garage sale: to get rid of unneeded possessions and to earn a little money. The key to doing both is following good garage sale pricing.
Is garage sales common?
Garage sales may not be as common as they once were, but they’re still a tried-and-true method of getting rid of a huge quantity of potential clutter with a few days’ work—and they’re sometimes a little more convenient than figuring out how to sell on Facebook marketplace.
The 2 Golden Rules for Garage Sale Pricing
Ask yourself, “If I needed this, what would I be willing to pay for it?
Price based on demand
If you have a popular or collectable item that you think will get snapped up quickly in your garage sale, you should mark it with an even higher starting price. You should do research first (eg check eBay) to get a reasonable price for this type of item. You’ll find that serious collectors will buy no matter what the cost.
Price items to be resold on eBay
People make a living from buying things cheaply at garage sales and reselling them for a much higher price on eBay or other online auction sites. If you have any small unique items, check eBay to see if any have been sold before and set your asking price at 50% – 75% of the price they were sold for (not the initial asking price).
Price Garage Sale items below Thrift Store Prices
Shoppers won’t be interested in buying something from your garage sale if they can get the same at a cheaper price at the local Salvation Army or Goodwill store. Visit your local stores and note the prices of the items similar to yours and price yours at least half.
Co-ordinate prices in group sales
If you’re having a group garage sale and similar items are being sold and they are in the same condition, agree on a similar price. If one item is in a better condition, agree on what the higher price should be. You don’t want to be competing against each other in the same garage sale.
Help sell high-priced items with price comparisons
If you have a high-priced or valuable item, like furniture that appears in catalogues, cut out the ad and attach it to your item too or include a copy of the original paperwork. This way people can see that they’re still getting a good deal.
Cut down on the coin you will need by grouping items
Instead of selling individual paperback books for 25c each, sell them as a group of 4 for $1. If someone only wants 3 then it’s still $1 so they might as well pick another book.
What do yard sale shoppers care about?
All they care about is whether the price is a good deal for them. To find the prices buyers are willing to pay, do some research.
How much do CDs sell for?
Other Media: CDs and DVDs, which still count as modern technology, can sell for $1 to $5 each. Cassette tapes and VHS tapes, which are basically obsolete, probably can’t sell for more than $1 each.
What is pooling your goods?
By pooling your goods, you can have a more extensive sale that’s more likely to attract shoppers. It will look more enticing from the road, and you’ll have more merchandise to tempt buyers with in your advertisements.
How much do kitchen tools cost?
Smaller kitchen tools, such as lemon squeezers or whisks, can go for $1 to $5, with lower prices for more obscure gadgets that fewer buyers will want. Toys and Games : Kids toys are typically cheap at yard sales — between $1 and $3, depending on their condition. As for games, it depends on the type.
How much is a set of silverware worth?
A complete set of silverware is worth $3 to $5, but individual pieces are worth only around $0.25. Antiques : Antiques of any kind — furniture, housewares, tableware — are a special case. Unlike most secondhand wares, antiques can sell at yard sales for their full market value, which is often $100 or more.
How much is a small piece of home decor worth?
Home Decor: Small decorative pieces, such as pillows and vases, tend to sell for between $2 and $7, depending on the size and condition. Wall art and mirrors can be worth more: up to $10 for small ones and as much as $100 for large ones. Working lamps in good condition should be worth $5 to $10.
How much does a costume book cost?
Costume jewelry typically sells for $0.50 to $2 per piece. Books: Hardcover books usually sell for around $1 — perhaps $2 for heavier tomes. Paperbacks are cheaper, at $0.25 to $0.50 each. However, you can charge more for large coffee table books or rare books that would appeal to collectors.
What is garage sale?
Holding a garage sale is a great way to declutter your home, and make a bit of a profit out of your old stuff. One of the most daunting prospects for sellers, however, is simply pricing their goods. Fortunately, with these tips and methods, knowing how to price garage sale items is much easier!
What is the hardest part of a garage sale?
One of the toughest parts of holding a garage sale is deciding how to price everything. You don’t want to put your prices too low, or your profits won’t be worth the time you spent setting up the yard sale, but you don’t want to set them too high either, as no one’s going to buy anything. So if you don’t want to lose money or have tons ...
Why do we need price tags?
Use price tags to make prices clear. Aside from failing to price items altogether, many sellers also make the mistake of not displaying their prices clearly enough. Shoppers don’t want to have to hunt for the price of an item – it should be easy to find.
What is the biggest mistake that many sellers make?
A big mistake that many sellers make is not putting a price on their yard sale goods. Customers don’t want to have to ask the seller what the price is for every item that they pick up – having to do that will leave them feeling frustrated, and shy buyers might even leave without asking at all.
Can you lower your price when selling?
When you’re pricing your items, always keep this is mind: you can always reduce your price, but you can’t go back up. Think about the lowest number you’re willing to except on each and every item you plan to sell, and then price each item a few dollars higher than this amount.
Is it bad to price something based on sentiment?
Pricing items based on sentiment is a really bad idea too . Just because an item holds treasured memories for you, a customer won’t care or be willing to pay more to purchase it. Ask yourself how much other people would realistically be willing to pay for each item, before you set a price on anything.