Monday, July 20, 2009

Holding a Moving Sale

I strongly recommend holding a "moving sale" or garage sale for anyone with an upcoming relocation.

Now I realized that this sounds silly at first mention. After all, you're frantically busy with moving, so how on earth will you have time for a garage sale?

While I don't have an easy answer for that one, consider this- if you choose not to sell the items, when will you have time to:
  • organize the items
  • pack the items
  • record the items in your moving inventory
  • make sure the items are properly covered with moving insurance
  • label the boxes
  • move the items
  • load the items
  • unload the items
  • unpack the items
  • and find space for the items in your new place?

Besides, it's not uncommon to earn between $200 - $1000 on a well-planned, well-executed garage sale, which works out to a pretty decent wage per hour.

Here are a few basic tips:

  • Keep separate boxes in each room for "moving sale" eligible items as you pack.
  • Arrange to have a charity donation truck come at the end of your moving sale to take away anything that wasn't sold.
  • Stuck on how to price things? Start by dividing the original price by 5 and then discounting for any damage.
  • It's easier to make categories of items all the same price, such as "all clothing $4 each."
  • Make sure all prices are easily divisible by 2. That way, you can hold a "1/2 price blowout" during the last hour of the sale, and clear out lots of remaining items.
  • Have tons of change (bills and coins) on hand on your person (not in a box that can be stolen at the sale).
  • Start advertising at least 2 weeks prior to the sale. Use clear street signs in very large letters, ads in local papers, and flyers on cars in a 5-block radius from your place.
  • Recruit as much help as you can stand for the big day.
By following these guidelines, you'll be on your way to a successful sale.

For more advice on
getting organized for your move, please click here.

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