Garage Sales

Table of contents

Overview
Making Money At Garage Sales
Setting Up
Selection and Pricing
Advertising
Bookkeeping
The Sale
APPENDIX

Overview
On almost any given weekend across the country, someone is holding a garage sale, attending a swap meet or setting up a booth at a flea market. The quote “someone’s junk is someone else’s treasure” makes these events both plausible and plentiful. Most of us are accumulators. We pack what we can into our house without regularly taking
inventory until it’s busting at the seams. Then it’s time to decide what to keep, what to throw out and, more importantly, what to sell. So many people spend their weekends out looking for bargains at these types of events and there are plenty of opportunities to make money. Much of it will be clear profit since there is virtually no overhead cost involved— certainly not the same as in a retail shop. Your first garage sale can be to clean out your “junk”. Your subsequent sales can be for items you
pick up at bargain prices at flea markets, swap meets and auctions, which you then turn around and sell out of your own garage. You can still give someone a bargain and make a profit on the merchandise turnover.
Why not you? If you’ve ever had a garage sale, you must have realized the potential involved. All of these customers come to you simply because you put a small advertisement in the newspaper. People
come for all kinds of reasons: a day out, a specific objective, or someone who likes browsing insearch of that little unknown gem that might have great appeal.