Sunday, May 20, 2012

The art of the yard sale - 16 Tips for selling

So you've decided to try your hand at a yard sale. Good for you! It's a somewhat easy way to make some money and get rid of unwanted clutter around your house.

You can't just set up on your lawn and expect people to show up, pay the price you want while you rake in the cash. You need to put some effort into it.
Here are some tips from my experience holding and buying from yard sales.

Tip 1 - Pick a good date and start time.
Make sure you find a date that is good for you. You'll need time to prep the week before the sale (clean items, price items, clean yard.) Find a week and a weekend that fits your schedule.
I've even picked the date by seeing signs for another neighbor's yard sale and decided to use their advertising to my advantage.
Saturday's seem to work best but many people are starting to do Friday nights as well. I've rarely had a successful Sunday sale.
Check the 10 day forecast before putting time and effort into it as well.


Tip 2 - Find friends to join you.
Buyers like have lots to pick from. So see if you can find a few friends to join the fun. The words 'multi-family' or 'neighborhood' are very enticing to buyers. Plus, having a few people to help you set up and stay safe/secure from any potential problems.
If you do this, make sure you have a way to either distinguish what items belong to who and how you will keep track of sales.
My family has used different color stickers for each seller, and then peeled the stickers off the item and stuck them to a sheet of paper to keep track of the sales.
Another option is to decide to split the money equally with everyone no matter who sells what. This could lead to hard feelings if someone sells big ticket items and has to share in the profits.
I would not suggest everyone keeping their own money for sales because this could prevent bundling of items and get confusing if a buyer has to exchange money with multiple people. (This is of course if you are all in one yard - if separate yards such as a neighborhood yard sale, then keep separate cash at each house.)
Another thought is to see if a local church or social group has an annual yard sale day. You show up, pay a few bucks and don't have to worry about anything but selling.

Tip 3 - Advertise.
Put up signs in your neighborhood and surrounding neighborhoods in the days leading up to the sale.
Not a bad sign - but I think the
address should be bigger.
Signs should be bright and bold. The address should be HUGE and easy to read. Most people will see these from their cars so they should be easy to read. The largest font should be the address. Second is 'Yard Sale.' Third is the date and hours. Use directional arrows if possible especially if you are a few turns off the main road. Black writing on bright pink works well. Or bright yellow.
Set your signs up a few days before. And make sure to check them before and the day of (even during the day) to make sure they are still there and pointing people in the right direction.
If you have a HOA - check and see if you can even post signs!


Post on Craigslist or garagesalefinder.com. It's free to post on these sites and many people use them. Try to put up an attention getting headline with some of the big ticket or most sought after items (baby clothes/toys, furniture, lawn items, tools...) In the body of the add list as much as you can. If you don't want earlybirds showing up (and they will) add 'No earlybirds please!' If possible, add pictures of big ticket items or a variety of items.
Some people still buy ads in papers but that cuts into your profits. Eh. I check these out in the local paper, but why spend the money.
See if there are any local businesses or community centers that let you hang fliers for free. Post a sign there with details and directions if possible.
 
Tip 4 - Price your items. Be willing to change those prices.
Take a few days before the yards sale to price your items. You can buy little stickers, you can make them yourself, you can even make signs that cover entire table worth of goods.... but for god's sakes. Price your items.
It saves time and energy so people won't have to keep asking you what the price is. It saves confusion if the item is someone else's and you don't know how much they want for it. It's just the right thing to do.
Plus people will know where to start haggling about the price. It's part of the deal and the day. Do not try to price things the morning of the yard sale. You'll only find yourself waking up waaaaaaaay too early and being grouchy towards each other and your customers.


Grandma's dentures might not be
as valuable as you think.
 Don't be offended when you put $15 for grandma's spare dentures and someone offers you $10.You are a yard sale, not Macy's.
Start your prices just above what you would really like to get for an item. And then go from there.
At the end of the day (or Sunday), consider dropping all your prices by half. Or take any reasonable offer. Is it better for you to make a few last minute dollars? Or pack all the crap you're trying to sell back up and store it in the attic for another five years?

There are full sites dedicated to pricing guides -google it, Try this link  or check out this link.

Know what you are selling, too. If you are unsure about an items value, look it up on Ebay or ask around. You hear many stories of people buying treasures at yard sales. You don't want to be the one who sells a $500 piece of furniture for $10.

Tip 5 - Offer food and drinks... for sale.
At my last yard sale, I bought a case of water for $2.99 and ice for $2. I then sold waters for $1. I sold out by noon. After putting out the $5, I made an extra $19.
Some people buy donuts and sell them, or grill hotdogs and burgers. I've seen some people let their kids set up lemonade stands.
Even if you just sold water, it's an easy and cheap way to add some money and make some sales.
Also, make sure you have something for you to eat while out there. It's going to a long day, you'll need snacks, food and drinks. I'd stay away from the alcohol to be safe.

Tip 6 - Have lots of change and watch the money close!
Hit the bank in the days before the yard sale to get change.
You should start out with close to $70 worth of change.
$20.00 - 2 ten dollar bills
$20.00 - 4 five dollar bills
$20.00 - 20 one dollar bills
$5.00 - 20 quarters
$2.00 - 20 dimes
$1.00 - 20 nickels
(I usually don't stock the nickels and dimes. Mostly things sell for a quarter but some people can be cheap.)
Do not keep money in plain sight.  Do not just leave a box of money on a table while you are walking the yard and talking to people. Do not accept personal checks. Someone should have the money on them at all times.
A money box is ok if someone is sitting with it at all times. If you don't have a main table, you may want to consider a carpenter's apron with pockets or a money belt/fanny pack.
When making a sale. Try to do it at a main table or point.
Keep the buyer's money out and in plain sight until you hand their change to them. This will help avoid 'You didn't give me  the right change!' problems. If you encounter this, you should have the original payment out and able to show them exactly what they gave you. If you put the money away... It's your word against theirs. This will also help if someone flashes a big bill and then asks you for change. Take the money from them and put it on the table. That way they can't stuff it back into their wallet and make it look like they gave you the cash and are waiting for their change.

If you are recording your sales to split the money, have a notebook handy and a few pens ready to go.
One point person should handle all the money if possible. This avoids confusion about who paid for what and how much.
Take large bills ($20's, $50's) inside frequently. Hopefully no one will try to buy a $5 item with a $50. If they do, know where there is a local bank or place they can get change instead you taking the risk of it being fake or not having enough change. If they refuse... oh well. Better to lose a $5 sale than deal with fake cash. My policy is nothing over $20 unless it is a big ticket item.
How to spot counterfeit money.

When someone comes to buy a number of items, add up the total yourself and do not just take their word for it. It helps you know how much you've sold and keeps you from getting ripped off. If the person is offended, say that some of the items belong to someone else and you need to check.

Tip 7 - Have bags and boxes handy.
When people buy your items, they will need to transport them. Start saving your grocery bags, take-out bags, and boxes in the weeks before. Also have newspaper on hand to wrap any fragile items. Have the buyer watch you wrap the items so they are sure the items don't get broken while you are wrapping.

Tip 8 - Clean your yard. Keep your house secure.
It seems simple, but have your lawn mowed and rope off any areas (if possible) where people should not venture. Make sure people do not have access to your backyard area (unless that's where your sale is) or any exterior doors where they can gain entry to your home. Make sure any other doors or windows are locked as well. Yeah it sucks. But people have been robbed during and after yard sales.
If you have pets, clean up the poop. Some people might not love your little pooch, so do not let them wander the yard sale like they own the place. It may hurt your sales.
If you have a few cars to be parked at the house that day, park them down the block. Try to leave parking spots at the front of your house so people don't have to circle for parking or walk to far. Some potential buyers might just keep driving.

Tip 9 - Clean your items and display properly so they are easy to see and inspect.
Again, it seems simple.
Wash the clothes, blankets, coats or things like that in the week or so before. If possible, hang clothes rather than lay them out. People can easily pull them out and put them back. Folded items need to be refolded every time someone picks it up and looks at it. Consider buying price tags with loops on them to wind around buttons. Stickers can easily fall off clothes
Dust any other items that need it. Would you buy something dusty? Make it shine and look as new as possible to people.
Display items on tables with easy access areas where folks can walk around. I've been at to many yard sales where people just lay things out on tarps and hope you can reach into the middle of it to grab the item you want. This invites things getting broken.

Tip 10 - Other prep work.
If you are selling anything that needs batteries or power, have spare batteries and an extension cord ready. Make sure people know you are not selling the item with the batteries and/or cords. also have a small screwdriver handy to remove battery compartments. Again if possible be ready to prove CD's and DVDs play.
For larger items, have measurements handy (write on the price tag or 3x5 card ) or a measuring tape ready for people to use.
Hand sanitizer is a must. Clean your hands often, especially before you eat or drink after handling money.
Have sunscreen ready too.

Tip 11 - Be friendly but don't hover.
Greet people as they come in to the yard. Answer any questions they have. Be attentive. But don't stand over them and tell them every detail of the item "That was great-aunt Ida's favorite soap dish. She's gone now so it's time we sell it."
If people want to know about an item... they'll ask.
I've personally walked away from an item I liked because the seller was a pain in the ass (and I've seen others do it too.)

 Tip 12 - Give yourself plenty of time to set up in the morning.
The night before you can put out tables and racks. This will give you a good idea where you want everything. It sounds silly but make a map of the yard and the table layout. Have a kitchen section, a book section, a kids/toy section, a knick-knack section and so on.
You should already have all the items priced but now is a good time to make sure the prices are still attached. Assign each person an area to take ownership of and set up. They can also watch this area during the day.

Tip 13 - Dealing with Earlybirds.
Earlybirds are a common site at yard sales. You say 9am, they show up at 8:30 as you are setting up. Most earlybirds are really sharks who are looking for big ticket items first. It's up to you if you want to turn them away.
Benefits - They might be willing to pay more for a specialty item. A sale is a sale.
Risks - Others may see EB's there and be offended and just pass by. They could use up your change early. You may be still setting up and not able to keep an eye on them.
I stand my ground and don't let them in my yard sales. If they really like an item they see from a distance... they'll be back. And then I know to jack up the price.

Tip 14 - Drop your prices.
At the end of the day with only an hour left... Take any reasonable offer. Would you rather have the cash or haul the junk you haven't used in 5 years back to the attic?
If possible go to your closest signs and cover up the yard sale portion of the sign with "50% off!!" to grab people's attention. Post it on Craigslist an hour before you knock down the prices.
Other folks end with bag sales - all you can stuff into a bag for $XX.
If you plan a two day yard sale (Saturday into Sunday), make Sunday "Half Off Day!"

Tip 15- Take down your signs when you are done. All of them.
Simple but many folks don't do this. Map where you put your signs so you can take them down when you are done.

Tip 16 - Relax and enjoy the day.
It seems like a lot of work, but if done right, you can have an easy, stress-free day where you get rid of some junk you no longer need, make some people happy with junk they really want, and hopefully make some money.

There are entire sites dedicated to throwing yard sales. This is only a quick overview of what I feel are the most important steps. There is no 'perfect way' to do it. If you have any tips, please feel free to list them below.

Wednesday, May 16, 2012

The art of the yard sale - 9 Tips for buying

I love a good yard sale. Both browsing and hosting. I'm not an expert but over the years I've learned a few tricks. This year in particular has been pretty good to me. With the new house, Jen and I are looking for a few things that we don't mind being 'used' as long as they are in good shape, work properly, and save us some cash.

My favorite yard sale finds over the years? An original pressing of The Beatles Magical Mystery Tour complete with original lp sleeves and booklet. Bought it for $1.  Stephen King first editions of Cujo and Different Seasons. Each bought for $2. Sometimes sellers don't know what they have. I still have a wooden bench that I bought for $5 over 10 years ago. It now sits on our front porch and looks great.

I've been yard saling three times in the past month and each time have come home with a few items that Jen hasn't thrown out immediately. That's a good thing and my sure sign of success.

The top priorities for me to find this year are yard and lawn tools (shovels, hoes, grasscutter, flower pots), records, and baby items (that look good and are not over used.)

Tip 1 - Research - Start with a plan of action. Know your route and your times.
My research into area yard sales begins on Thursday by checking Craiglist.com. First I look for locations close to home, then I read descriptions, and finally I mapquest the route from home. This is done either while on my lunch break or while watching TV. I'll usually scan CL again on Friday to see if anything new was added. On Thursday or Friday, I'll try to enter the addresses into my GPS so I don;t have to do it while driving around on Saturday.
I'll make a word document with the address, start times, and description of the yard sale and email it to myself so I can pull it up on my phone when driving. This list also helps keep track of when yard sales start and end.
Also check your local paper to see if they list yard/garage sales. I've also heard people talk about garagesalefinder.com.
What I look for - details about items being sold, prices, start time, 'multi-family', moving, "block sale," and pictures.

Tip 2 - Eat before you go.
Yard saling can be hard work. And while some folks might have donuts, hotdogs or water to buy.. why bother spending your money on that? One exception is when I hit a flea market or a church sale that has food. The food at those usually rocks!

Tip 3 - Decide what time works best for you.

Bought for $4 at flea market style church sale.
Had to be refinished but has a small
music box that attaches to it and plays
"Rock-a-Bye Baby" as it rocks.
Saw it as the women set it out and
I don't think it would have lasted long.
I like to go first thing in the morning before everything is picked over. I'm never an earlybird though (person who shows up before the sale officially begins.) One problem can be that people are not as willing to negotiate on prices that early. Everyone thinks their items should go for a certain price. They sometimes get insulted when you try to bargain with them (more on that later.)
If you go later in the day, the great items might be gone. But the folks might be more flexible on the pricing. They want to get rid of the stuff and not have to haul it back inside.
A newer concept is to have yard sales on Fridays. Since its tough for me to hit those, I usually skip them on Saturdays because the good stuff might be gone already.




Tip 4 - Carry small bills with you.
If you bargain someone down from $10 to $6, don't hand them a $20. It's rude. While yard sale throwers should always have enough small bills on them to make change, some don't because of poor planning or too many people using big bills.

Tip 5 - Always ask for a lower price. Don't just go with the tagged price. Haggling is part of the fun.
They wanted $40. I paid about $25 by bundling.
Online price as new - $179.
My strategy is to look for a few items I want, add it up and then offer one price for everything - bundling.
That is how I just bought a Black and Decker "Lawn Hog" electric mower, a record player, and 2 lps for $30 instead of the marked $52.
The mower was marked $40. The record player $10. The lps were $1 each.
I said "$25?"
He said "$35."
I said "$30?"
He said "Deal!"

The reason I went so low on my first offer was that the record player had a bent plastic platter. I told the seller that when I first saw it and asked about the price. Luckily I had one at home to replace it so I really wanted the hardware. This leads me into...

Tip 6 - Make sure the items work.
If you walk away before making sure the item works. It's your loss. There are no returns at yard sales. Sure the seller should make sure the item does work, but that doesn't always happen.

All three for $5 when bundled.
 With the lawnmower and the record player I asked if I could check both. The seller had an extension cord set up (great thing to do if you are a seller) and I turned both on. Satisfied that they both worked, I made my
offer.

Tip 7 - Offer to come back for a big ticket item.
When I asked about the mower, I wasn't sure he would take under the $40 because they had just started the sale. If he was firm on the mower, I was prepared to give him my phone number and have him call me if it did not sell. I've done this a few times for sets of lps, a desk, and some other items. Sometimes you get the call back, sometimes you don't.


Tip 8 - Google it.
If you find an item you like and are unsure about it's value or if the product is good - Google it. I discreetly pulled out my phone and looked up the reviews and value of the Lawn Hog. It sells brand new for $179. and has great reviews. The seller told me it was 2 years old. So I made the offer.
Tip 9 -  Buy only what you need!
There is no sense buying things you don't need even at a low price if those things are just going to end up being sold at your own yard sale.
I have list of what I am looking for and try to stick with it. Sometimes I'll see something I really like... but if I don't need it, I try not to buy it.
3 weeks ago one guy tried selling me a box of painting supplies including new brushes, used rollers and paint pans, putty knives, edgers, a paper tiger (to remove wallpaper) and more for $20.
Had this been 4 months ago when I was starting work on the house, I would have jumped on it. But all I really needed was the 3 new putty knives. I said how about $2 for them and he agreed.
$20 for the box was worth it, but I didn't need it.
I am kicking myself over not buying the same sized box of nails/screws and hangers for $5. it was big damn box filled with smaller boxes... doh! The seller was very annoying and hovering while I was looking. A no-no in my book.

So this year I have bought (so far):
B&D Lawn Hog Electric Mower - Asking price $40. Bought price $25.
Record player - AP $10. BP $5
Star Wars original soundtrack LP - AP $1. BP - Free with bundle.
Jesus Christ Super Star original Broadway recording lp (brown album) - AP $1 - Free with bundle
Baby rocking chair with music box attachment - AP $5. BP $4.
Shovel - AP $3. BP $1.
Putty knives - AP $ ?. BP $2.
Clay pots for planting - AP $5. BP - $2.
Scythe - AP $2. BP $1.

Next up. Tips for throwing a yard sale.

Thoughts, comments, questions or concerns? Let me know!
Thanks for reading.