Earn Money with Garage Sales

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:

  1. 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!
  2. 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.
  3. 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.
  4. 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?
  5. 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!
  6. 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!

3 comments for “Earn Money with Garage Sales

  1. June 3, 2011 at 7:37 pm

    Wow, you are to be commended for this thoughtful way to save money for Disney.
    I have a consignment shop and input, tag, hang and display items all day. I give my consignors 50%. I know you make a bigger percentage at consignment sales but you do all the work (and supply a hanger).

    I believe a well-run consignment shop is a better return for your money. You can find a reputable shop in your area at HowToConsign.com .
    Best to you, Susie

    • June 6, 2011 at 10:00 am

      I may want to check out some of these consignment shops! So glad you found me over at Meet the Magic!

  2. Jen
    June 8, 2011 at 1:14 pm

    Seasonal consignment sales are fabulous and a great way to add to the Disney fund! Where else can you sell the things your family is done with and also get first dibs on shopping for bargains on items you need right now? The Kentucky Kids Consignment Sale in Elizabethtown, KY starts with around 60,000 items to choose from. Consignment stores are great, but I’ve never known one that offered that much inventory and paid me for my items sold the same week. The online barcoding system is quick & easy to use and I tag items at night in front of the TV when I’d otherwise just be vegged out.

    I’m curious though, why are you “not too successful”? Are you pricing items a bit too high? Do you mark items to be discounted if they remain at the final day of the sale? If you aren’t selling 70-80% of the items you bring to a sale, you may need to re-evaluate your pricing & prep strategy so you are dragging home lots of unsold things.

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