When cleaning out your home, an excellent way to make some extra money is by setting aside items for a garage sale. Garage sales are an excellent way to get the items you no longer need out of your home and into the home of others who do need the items. Even better, you make a few dollars in the process!
Here are the steps for having a successful garage sale:
- Begin by cleaning out items around the house. You need to be sure to check under the beds, in all of the closets, and behind the doors for all of those unused and unneeded items!
- Decide the place for the sale. If you do not live somewhere where you could easily host a garage sale, see if a friend or family member who lives in a more populated/busy area would be interested in having the sale at their home.
- Decide the time for the sale. Timing is everything! Weekends that include a holiday typically receive larger traffic for garage sales than on non-holiday weekends.
- Decide on the length. You need to figure out the number of days you want to hold the sale. Do you want a Saturday only sale? Or would you prefer it to last Friday and Saturday?
- Advertise, advertise. You need to advertise your sale. Put an ad on Facebook on your wall. See if a friend will add the ad to their wall for additional Facebook coverage. Other suggestions are to list the garage sale on Craigslist or in the local newspaper. If other local avenues exist, take advantage!
- Price the items appropriately. You want the items to MOVE. Price them at a rate you would be willing to pay at a garage sale.
When the sale is complete, it becomes decision time. You can take the items to Goodwill or another worthy charity. If you file a Schedule A on your personal tax return, be sure to get the proper forms for getting a tax deduction for your charity contribution. You also could box the items and have a second garage sale with the same items on a future weekend. Or, you could trash the items. What you do is up to you. Do what is best, but remember, those trashed items just may help someone in need!