Side Hustle: Garage Sale Tips

Garage sale week wasn’t enough.    There are so many little things that I did–or meant to do–that I forgot to include them last week.

  1. Advertise everywhere. I do mean everywhere.   Take out an ad in the paper.  Put an ad on Craigslist.   Have fliers in the grocery store, the laundromat, and any place that has a publicly-accessible bulletin board.    Put big, bright signs at every possible turn to get to your sale.  Assume the drivers a dense.  Don’t give them an opportunity to make a wrong turn or–like I did–put conflicting arrows on different sides of a sign.
  2. Use bait. Set out tools and furniture where they are visible.   Lots of people drive past if they only see knick-knacks.   Tools get the men to stop, furniture gets anybody running a household to stop.    If you don’t actually have any tools to sell, put your lawnmower out with an insanely high price on it.   Heck, if someone wants to pay you 125% of retail for your mower, take it!   I had a number of tools and lawn-crafting gear–actually for sale–near the end of the driveway.    If I can get the people out of the car, someone will find something worth buying.
  3. Price it like you’d buy it. People don’t come to garage sales looking for sale prices.  They come looking to pay as little as possible.  They want the crazy deal.   You’ll have to oblige them, at least a bit.  Price some things very low, and everything else almost very low.   Aim for 25% of retail or less, except for a few special items that you won’t mind keeping.
  4. Don’t be afraid to say no. Some hagglers are jerks.  If the offer is insulting, don’t feel obligated to take it.
  5. Bag the little stuff. Instead of pricing every toy 10 cents, put a handful of toys is a zip-lock bag for a dollar.   Mix some of the bad with the good so the crap goes away, too.   Reject every offer to open the bag and sell the stuff separately.
  6. Put the bags of toys on a table in the driveway. Kids stay out of the confined garage and entertain themselves digging.   Kids are clumsy.  They can’t break your lamp if the don’t come near it.   Parents will welcome something to keep their little brats occupied while they shop.  It’s a win for everyone!
  7. Describe anything that isn’t obvious. Make a lot of signs.   To be clear, make a lot of signs.  Describe the furniture.   Show a current ebay auction for the item.  Identify the antiques.  You don’t want to be forced to sell everything yourself.  Let the signs sell for you.
  8. Start early. Price and sort your stuff a month in advance.   The night before the sale, all you want to have to do is set up tables and unbox your stuff.  Don’t try pricing it then.
  9. Multi-day sales are best. It gives people a chance to tell their friends about it, or to come back and buy the thing they passed up.  Don’t lose out on the buzz!
  10. Save your grocery bags. A few weeks before a sale, I go to the grocery store and ask if they mind if a bundle of plastic bags goes home with me.  The manager has always said it’s okay.   If that doesn’t work, just double bag your groceries and save the bags for a few weeks.
  11. Use blankets and tarps to hide anything that isn’t for sale. People will ask about everything they can see.  Save yourself the hassle.
  12. Plan your layout to let people browse and move. You don’t want a traffic jam in the garage.   Give it a clear flow, with enough room for people to pass each other comfortably.   Three people should be able to pass each other in every row.  It’s not always possible, but try.  If two people can’t pass, start over.
  13. Clean your stuff. Clean items sell better.   Dirty stuff will have to be sold for at least 25% less than clean stuff.

That’s it for now.  More to come, I’m sure.

Note: The entire series is contained in the Garage Sale Manual on the sidebar.

Update:  This post has been included in the Money Hacks Carnival.

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Side Hustle: Garage Sale Wrap-Up

We are now to the end of Garage Sale Week here at Live Real, Now.  I hope you’ve enjoyed it.

Eslite Bookstore in Taichung Chung-yo Departme...

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After you shut down on the last day, take the evening off.   You’ve just been hard at work for 2-3 days and need a break.  Deal with the stuff tomorrow.  Tomorrow–and probably the next few days–you’ve got work to do.   What do you do with everything that didn’t sell?   If you’re planning on making garage sales a regular side-hustle, just box it all up and put it to the side until next time.   After all, it’s all priced, sorted, and ready-to-go, right?  If, like me, your goal was to declutter, then it’s time for some serious downsizing.   Let’s dump the crap.

The first thing we did was box up all of the books and movies to bring to the used book store.   We dropped the items at the sell table and spent half an hour browsing a bookstore.   That’s never a good way for me to save money.   The store we went to checks the demand for everything you bring in.    If there’s no demand, they donate or recycle the items and you don’t get paid.    DVDs bring about $1 each.   VHS is demand-based.   Paperbacks are something less than half of the retail price.   Hardcovers are demand-based.   We were offered $28 and pointed to the huge pile of discard/recycle items that we were free to reclaim.   I picked out 4-5 books and movies that I thought had value and left the rest.    Bringing the clutter back home would defeat the purpose of going there.

The clothes were handled two ways.    First, all of the little girl clothes were bagged and set aside for some friends with a little girl.   The rest were bagged and loaded in the truck for a run to Goodwill.    The clothes filled the box of our pickup.

The random knick-knacks were also boxed up and delivered to Goodwill, along with most of the leftover toys.   This was another completely full truck box.  We had a lot of stuff in our sale.

The beat-up or low-value furniture that didn’t sell was put on the curb with “FREE” signs.   I posted the free items on Craigslist and they were gone in just a few hours.   The Craigslist ad said “Please do not contact, I will remove the listing when the items are gone.”   Otherwise, there are usually 10-15 emails per hour asking if the items are still available.  The ad didn’t even have pictures and it worked quickly.

Some of the furniture–the toddler bed, changing table, china cabinet, and the good computer desk–were hauled back to our garage to post on Craigslist with a price-tag.  They are too good to give away. If the camera wouldn’t have died two nights ago, the pictures would already be up.  Some of the other items were also reserved for individual sale.  The extra router, the 6 inch LCD screen, and a few other toys will go on Ebay.

Finally there was some stuff that we decided we weren’t going to get rid of.    We kept a few movies, but only because I didn’t notice them until I got back from the bookstore.   My wife kept a box of Partylite stuff–though most of the leftovers were donated.   Very little of the things we had ready for sale are being kept in our lives.   Almost all of it is gone, or will be soon.

All in all, this was a cathartic end to last month’s 30 Day Project.    There was some surprising emotional attachment to some things I didn’t think I cared about. It’s good to see it gone.

Note: The entire series is contained in the Garage Sale Manual on the sidebar.

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Side Hustle: Garage Sale Management

Garage Sale

Pre-sale preparation and marketing are important, but ultimately, the money comes from how you manage the sale.

How many people will you have staffing the sale?  There are a few considerations here.   How many people are involved in the sale?  How many people can take the time off?   It’s best to have three people at the sale at all times. Two people can manage the money while the third plays salesman and security.   Staffer #3 is in charge of watching for price-tag swaps or other theft, answering questions, and trying to upsell.    It also allows for breaks, which, if you’ve ever spent a day in a garage drinking coffee, is important.

When are you going to be open?  You don’t want to open so early you don’t have time to wake up and get ready for the sale, but you don’t want to open so late the professional garage-salers drive past and forget about you.   Plan to open sometime between 7 and 9. When will you close?   Staying open until 6 will catch most of the after-work crowd, but it makes for a long day, but closing at four cuts out a lot of the late-day shoppers.   Our hours were 8-5, which seemed to be a good compromise between a long day and the best sale.

[caption id="" align="alignleft" width="196" caption=" "] [/caption]Don’t be afraid to shut down. The first day of our sale was cold, wet, and miserable.   We had to canopies in the driveway, but everything was getting wet, anyway.   Traffic was slow and we weren’t enjoying ourselves, so we shut down.  Lunch and a nap improved our outlook considerably.   At the end of the day, we start packing up, even if people were there.    We tried to only pack what they had looked at, and we didn’t try to rush the potential customers, but we did let them know that the sale was ending for the day.  The folks who came in half an hour after close on the last day seemed upset that we didn’t unpack everything for their amusement.

Our layout was designed to get everything easily visible while maximizing traffic.   The first day, we were confined to the garage and tents, so space was limited.   There were baskets under each of the tables.   That forced people to crouch and block each other.   The second day, we expanded to fill the driveway.   Our tables were organized in 3 rows–a “U” shape with a double-wide row of tables in the middle.   This allowed people to see everything in one pass.   The middle row had periodic breaks so we could move around to help the customers.    The pay table was in the middle of one of the outer rows, which let us monitor the entire sale.

Find someone to watch the kids and pets. If you have to keep an eye on your children, you aren’t watching the customers or giving them the attention they need.  Your dog–no matter how well-behaved–is a liability.   It will be stressed at the people.  Some customers will be allergic or afraid.  Just don’t do it.

Ideally, you will have someone who isn’t taking money, knows a little bit about most of the merchandise, and isn’t too shy to talk to strangers.   His job is to wander around, answer questions, and help people decide if they want an item.   He’s the sales-weasel. If he’s pushy, he’ll chase off the customers, but if he’s hiding, he isn’t making any money.   Unusual items should have a sign attached explaining why they are special, so the sales-weasel doesn’t have to explain it to everyone.

Every single item should be priced, but not everything needs to be priced individually.   We priced all of the movies in a group.  “VHS: $0.50 or 5 for $2, DVD $3 or 4 for $10”.   Nobody should have to ask what an item costs. If there are multiple people doing a sale together, make sure everyone is using colored price tags to identify who is selling what.

People come to garage sales expecting to find good deals.  If they don’t, they’ll leave. Our rule of thumb for pricing was about 25% of retail, with wiggle-room for the item’s condition. New-in-the-box sometimes made it up to 50% of retail.  Our goal was primarily to reduce clutter, so a lot of items were priced at 10%.    You have to keep in mind that, if you price things too low, people will assume there is something wrong with it and not assign a value in their own minds.    Price it at what you would be willing to pay in a garage sale, then mark it up–just a bit–to account for haggling.

People love to haggle at garage sales.  It gives them an opportunity  to brag about the great deal they fought for.   Try to accommodate them.   One of the people participating in our sale was selling antiques with a definite value.    She didn’t want to haggle on any prices, so we simply hung up a sign that read “All white-tagged prices are firm.”   Everyone else was willing to accept almost any reasonable offer.   Our most important rule for accepting a price?  If you pissed me off, I didn’t budge on price. Insult me, or offer 1/10 of the price, and my defenses go up, bringing your final price with it.   Talk nice and use some common sense while haggling, and you got what you asked for.

[caption id="" align="alignright" width="196" caption=" "] [/caption]Could we have maximized the sale more?  Probably.   I had intended to hang up a sign that simply said “$100” to set a high anchor-price on everything, but I forgot.

Note: The entire series is contained in the Garage Sale Manual on the sidebar.

Update: This post has been included in the Carnival of Personal Finance.

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Side Hustle: The Garage Sale Marketing

By popular demand, here is our garage sale marketing copy.

First, the newspaper ad, which ran in the Sunday edition through Tuesday before the sale:

MOTHER OF ALL GARAGE SALES! 5/13 to 5/15, 8-5!
1000s of items! Furn, crib, electronics, dishes,
cloz from baby to adult fashion!
Lots more!

Next, our Craigslist ad:

Huge sale!
Decades of accumulated stuff from four households!

Thousands of items! Yes, thousands!

We’ve got hundreds of outfits for fashion-conscious women and dozens of candles and candle-holders from Partylite!

Our babies keep growing and outgrowing their stuff. Lots of clothes, a changing table, a convertible drop-side crib, a tall dresser, and many, many, MANY toys!

We’ve got clothes in a variety of sizes: newborn through preschool, boy’s clothes from kindergarten through almost junior high school, adult clothes for both men and women.

There’s a china cabinet/hutch, a curio cabinet, 3 computer desks, a butcher-block kitchen table, a toddler bed and more! The bed and the crib even come with the mattresses, which we kept wrapped in a protective sheet the entire time they were used!

Antiques, toys from our childhood, hundreds of books and movies and much, much more!

Extra computer equipment for the true geek in your life! Boxes of RAM and video cards, a small LCD monitor that’s perfect for putting a computer in your car. I upgrade and replace my computers often. Here’s your chance to upgrade for just a couple of dollars.

Shoes! Holy cow, do we have shoes! New in the box, never been worn, selling for a buck! You can’t beat that price!

Jackets galore! There are a couple of dozen jackets ready to go. Spring and winter, sizes for all ages, including snow suits for babies and toddlers. We’ve got hats and gloves. Don’t miss this opportunity to outfit your kids and grandkids for the upcoming winter. It’s never too early!

We’re even getting rid of some tools and gear for the garage. There’s a 12-volt refrigerator/food-warmer. That’s a fridge for your car or camper! Also a variety of tools and a snowblower. You don’t want to miss this!

Last, but certainly not least:
A 1986 Honda Shadow VT700.
11,000 miles and two owners.
This is in excellent condition. It’s got almost no rust, just a few spots on the exhaust. It starts with no effort every spring. New tires, brakes, and a carb rebuild just a couple of seasons ago. New leather on the seats last fall. It’s a beauty.
Only $2750.

Thursday, May 13th through Saturday, May 15th. 8AM to 5PM

Address redacted.

Note: The entire series is contained in the Garage Sale Manual on the sidebar.

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