In this hustle and bustle world where every opportunity to earn that extra moolah is much welcome, garage selling has been an often overlooked method of generating additional cash. Maybe it’s because of the lack of glam (You know, sorting through old unused stuff, having to make a flea market out of your front lawn) or just that uneasy feeling caused by having to get rid of things when we are so used to acquiring at this age and time.
Whatever it is that holds back people from undertaking this activity doesn’t erase the fact that garage selling is indeed promising, not to mention lucrative, income-generator. Here are a few success stories to whet your appetite and get you to try to have your own yard sale.
Cassie (visit her blog here) *blog link* details about how a simple two-day yard sale organized by her, together with her sister and parents, allowed her to earn a whopping $1,549. After a total of 20 hours (ten for each day) of selling the boxes of what-nots, racks of clothes, piles of books, etc., she was left with almost nothing but her loot. One of her secrets? Accepting credit cards!
“If you have a smartphone or a tablet, you can accept credit and debit cards! And you should because it is (a) so much easier than dealing with cash and (b) such a great way to get people to spend more money. We used the Square reader, which Square will send to you for free (they do charge a 2.75% per swipe fee—we ended up having less than $10 in fees for the wholesale). You download the app to your phone and then swipe their card—they sign, and done! SO much easier than counting out change.”
The “Shopaholic Mom’s Sale”
Each spring, Becky’s garage sale is a blockbuster among her friends and acquaintances. Composed of 4-6 moms including Becky, the “Shopaholic Mom’s Sale” earns them a staggering $5,000 to $6,000 that is then divided among them. “First and foremost, we always would have fun. Then organization. Our sale would have the best-organized clothing – kid’s stuff only. Each item or set would be hung the same direction on a hangar and clean and presented well. We would make sure everything was in good condition and had a price on it – listing the brand and the price and whose initials the item was from. Organization was the key. We would spend a lot of time getting ready, usually weeks ahead. Then we would put up our signs “Shopaholic Mom’s sale!!!” We would have strict hours — only open at 9 am sharp. Not before. Some years we had more than 100 people waiting at the foot of our driveway. They all knew our rules. We had this sale for a number of years, while our children were small and constantly growing out of sizes. Each year, people would bring us photos of their kids in the clothes they had bought the year before. We had a great following. We bought good stuff and priced it well for our sale. I have fond memories of these times in general, especially balancing to the penny.”
Garage sale successes (and fails— which we can talk about some other time by the way) hold in them lots of wisdom as to what differentiates the good from the bad: The most likely to attract thrift-shoppers and flippers from the most likely to attract dozens of buzzing flies.
Although not all garage-sale stories end up in happily ever after, it wouldn’t hurt to try and earn extra cash or even extra skills that come with setting up one. Who knows? You might become the next Bill Gates just by putting up shop! (How we wish!)