5 Tips to Make More Money from Your Garage Sale - Money Savvy Living (2024)

Getting ready for a garage sale can be a huge undertaking. It actually takes a lot of time and energy preparing and planning. So you don’t want to waste your time putting a great garage sale together, and then not make any money from it. So here are some tips to help you maximize your efforts and make more money from your garage sale.

5 Tips to Make More Money from Your Garage Sale - Money Savvy Living (1)

Participate in community garage sale days

The absolute best time to have your garage sale is during the days that your community has set aside as designated garage sale days. Typically, communities notify local newspapers of community events, such as garage sale days, so a lot of people will be anticipating the event and are probably planning to attend, so this is your best opportunity to get the most traffic through your garage sale. I know that if I’m going to spend time going to garage sales, I want to be able to make the most of my time and get to as many as possible. Of course, you can have a garage sale any time, but the turnout may not be as good.

If your community doesn’t have garage sale days, then it would also be advantageous to have a your own garage sale while other community events are going on, such as a fair or festival, that may draw a crowd to your community—more cars driving by, more potential for people to stop by your garage sale.

Another option would be to get together with a few of your neighbors and have your own multi-family garage sale days. Several households having garage sales is more appealing to attenders, so this may help draw a bigger crowd as well.

Market your goods

It can be very helpful to give people an idea of what kinds of goods are at your garage sale by putting a sign out highlighting what types of items you have the most of.

When I have a garage sale, I put a sign out in my yard with some of the items that I think will be more sought-after, in order to draw more people in. For example, I list some of the major components of my garage sale: baby items, boy clothes (sizes 12 mos – 3T), maternity, household goods.

Be prepared

If your community has annual garage sale days, and you have participated before, you know that garage sale-goers are early risers. The early bird gets the worm, right? In this case, the early bird can swoop up the best deals. If you open up a half-hour or hour before other garage sales, you have the opportunity to get some of the early garage-salers before they stop at other garage sales—giving yourself a better opportunity to make some early sales.

Besides being ready early, make sure that you have plenty of small bills and coins so that you can make change. This one may sound obvious, but I have been to garage sales before that couldn’t give me change for a $10. Guess what, they lost a sale—and you will too if you don’t have enough change to offer people who may want to buy your stuff. I suggest starting out with $50 in: a few $5’s, but mostly $1’s and quarters.

Organize the goods you are selling

Every year that I have a garage sale, I get comments on how organized my garage sale is. When I go to a garage sale, I know that I don’t want to sift through large boxes that have a bunch of clothes or toys just thrown in there. I figure if they didn’t bother to organize it, it must be junk—and not worth my time or money.

I organize tables by category: baby items, baby/toddler/kids clothes by size—separating boy and girl clothes, household, etc. I also have prices clearly marked on each item or by table. I always have some items out of the garage that are bigger items that may help to draw more people in: baby play pens, strollers, grills, etc. For bigger, nicer items that I want to get more money on, I put on hangers and display on racks so they can be seen easily. A little time to organize can go a long way in getting your stuff sold.

Sell refreshments

This is the part of the garage sale that my kids absolutely love, mainly because they get to keep the money that they make selling refreshments.

This is such a great way for the kids to actually do something to earn some money during the summer too. And believe it or not, refreshments are a huge seller at a garage sale—especially if it is hot. We don’t make any of the refreshments, primarily because I wouldn’t personally buy anything that was homemade from a home that I wasn’t familiar with, so we opt to buy individual bags of chips, crackers, and cookies, cans of soda-pop, and bottles of water. We stock up on these items that we get from Sam’s Club, so that we can still sell them for a low price, but can also make a little bit of profit too. It is also a bit of summer math practice for my boys because they collect the money and make change for their customers.

5 Tips to Make More Money from Your Garage Sale - Money Savvy Living (2024)

FAQs

How can I make a lot of money at a garage sale? ›

7 Tips for a Profitable Garage Sale
  1. Offer Plenty to Sell. A sparse garage sale doesn't have much curb appeal. ...
  2. Spruce Things Up. ...
  3. Make it Easy to Shop. ...
  4. Don't Price Too High … or Too Low. ...
  5. Remember that Time is Money. ...
  6. Draw Customers with Freebies. ...
  7. Offer Profitable Extras.

What is the 50 30 10 rule for selling? ›

The general rule of thumb for pricing is 50-30-10: NEW, unused items = 50% of their retail cost; SLIGHTLY USED items = 30% of retail; and USED items = 10% of retail. Have a calculator handy for totaling up purchases.

How do I attract people to my yard sale? ›

Post your garage sale details in your neighborhood's Facebook group, or if a group like that doesn't exist, make a personal post and share it with your network. Maybe ask a few friends to share the post, too. You can also add a post to Nextdoor and Craigslist. These are great (and free!)

What is the average profit from a garage sale? ›

On average, a garage sale can bring in a few hundred dollars to a couple of thousand dollars, but this is just an estimate. Some garage sales may generate more income if they have valuable or sought-after items, while others might earn less if the items are less desirable.

What is the best selling item at a garage sale? ›

Items To Sell at Garage Sales
  • Antique Type Items. “Anything that is antique or vintage should do very well at your garage sale,” said David Bakke at DollarSanity. ...
  • Boys Clothing. ...
  • Costume Jewelry. ...
  • Fishing Gear. ...
  • Tools. ...
  • Homemade Craft Items. ...
  • Toys and Games With Missing Pieces. ...
  • Scratched Nonstick Pots and Pans.
Oct 14, 2023

What is the best day for a garage sale? ›

Friday, Saturday and Sunday mornings are usually the best time to hold a successful garage sale. Consider scheduling your sale on the first weekend of the month—when people have just gotten paid and haven't spent all their fun money yet.

What is the number one rule of selling? ›

It's not about you, your products or services; it's all about them, so find a way to serve the customer. Follow the Golden Rule principle when selling. “Sell to other people the way you would like to be sold to”.

What is the 7 8 sell rule? ›

To make money in stocks, you must protect the money you already have. That brings us to the cardinal rule of selling. Always sell a stock it if falls 7%-8% below what you paid for it. This basic principle helps you always cap your potential downside.

What is the number one rule of sales? ›

The number one sales rule to follow is to never end your day without taking at least one proactive step to put prospective business in the top of your sales funnel. That means making one call, asking for one referral, sending a letter, an email, or going to a networking event.

What are the best hours for a garage sale? ›

Garage sales usually start early in the morning, around 7 a.m., and end mid-afternoon. The busiest hours of a garage sale are often between 7 a.m. and 11 a.m., before temperatures get too high. Depending on how many items you plan to sell, you may want to spread the sale out over multiple days.

What is the best time to start a garage sale? ›

Morning is the best time of day for most yard sales. Starting as early as you possibly can, especially in the summer months.

How much cash should I have for a garage sale? ›

Originally Answered: How much petty cash should be on hand at a yard sale? Sometimes I've started with only $30 but always make sure and have the 10 $1 bills because a lot of people will buy a one or two dollar item and give you a five. I also make sure I have a few more $1's and $5's in the house in case I need them.

What are the disadvantages of a garage sale? ›

Another significant downside is that a garage sale is a lot of work. Successful garage sales involve (and require) a lot of preparation like making signs, placing ads, getting permits, pricing items, and getting up before dawn on the day of the sale to set everything up.

How do you negotiate a garage sale? ›

If the item is priced, just ask if they can do better on the price. Or ask if they'll take $X instead of the asking price. Good sellers will meet you somewhere in between. Another great way to grab things at a lesser price is to ask for a better price because you're buying multiple items.

Is it better to have a garage sale or sell online? ›

Selling online will get you the most money but is time consuming. Selling at a yard sale will get you pennies on the dollar but you will unload it fast. Do both. Pull the cream of the crop for listing and unload the rest at the yard sale.

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