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HOW TO MAKE $5,000 A MONTH OR MORE WITH GARAGE SALES
In this day and age, everyone seemingly knows how to put
together and hold a garage sale. Yet if this is so, why is it
that some people are lucky to gross $150 while others consistently
make $1,500 or more from their garage sales.
Pick almost any city or town in the country; drive through any
middle class neighborhood or residential area on any weekend.
You're sure to spot at least a half dozen garage sales. And
what's being sold at these garage sales? The accumulated "junk"
that a lot of people no longer use or want taking up space in or
around their homes.
Is it hard to hold a profitable garage sale? Not in the
least! All it really takes is some of your time, and an awareness
of a few merchandising tactics. But to be really profitable,
you must know how, and exercise careful planning.
First, let's look at some of the background. Everyone
accumulates items that other people are searching for, and are
willing to buy. These items range from discarded or outgrown
items of clothing to furniture, tools, knick-knacks, books,
pictures and toys.
Start by taking an inventory of all the things you have "just
taking up space" around your home. Decide which items you'd be
better off getting rid of, and make a list of these things. These
are the things you are going to put up for sale. And if you are
honest about what you really want and need, the pile will grow if
you look over your household a second and third time! Remember
that many garage sale offerings are items of merchandise purchased
on impulse, and later found to be not what the buyer wanted. It
is the human condition: We discover too late that we don't like
or have use for things purchased; we "outgrow" in size or taste
articles that once fit, or pleased us. You'll find that many
items offered at garage sales are gifts that have been given to
the seller, but not really suited to the recipient. In other
words, it will be to your benefit, before you stage your first
garage sale, to take a week or so to browse through all the garage
sales you can find.
The problem is, most people just don't have the time or energy
to gather up all the items taking up space around their homes and
staging a garage sale to get rid of them. Believe it or not, many
people really don't know how to stage a garage sale; and a lot of
people feel that putting on a garage sale is just too much bother
and work.
This is where you enter the picture. Your enterprise will be
an ongoing garage sale of items donated and collected from those
people who lack the initiative to put on garage sales of their
own. In other words, you can become a "liquidator of people's
junk," via super garage sales that you promote.
We've already suggested that you spend a few weeks visiting
the garage sales, swap meets and flea markets in your area. Your
purpose will be to see what is being offered for sale; what the
people in your area are buying, and how the merchandise is being
sold. One of the things to notice is how the merchandise is
displayed. You'll also want to notice how the sellers handle
customer browsing, and the prices they charge for the merchandise
offered. You'll find most items tagged with a price sticker, but
generally the seller is open to either price negotiation or a reasonable offer made by the customer.
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