Closed, Now Need To Have A Sale!!

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  • MarinaVanessa
    Family Childcare Home
    • Jan 2010
    • 7211

    #16
    When selling used items the general rule of thumb goes something like this..

    If the item is new with tags/packaging price it at 80% of the tag price/price you got them for.

    If the item is new without tags/packaging price it at 70-60% of the price you got them for, depending on the item.

    If the item is used but in great condition price it at 30% of the price when it was new.

    If the item is used and in poor/well used condition but still usable then sell it for 10-20% of the price when it was new.

    Books go for about $.25-$.50 for paperbacks and about $.75-$1 for hardback books. (giving a deal of 5 for $1 for paperbacks or 5 for $3 for small hardcovers/5 for $4 for large hardcovers helps get the books sold).

    Clothing goes for $1 a piece.

    ... this will make it easier for you to sell your items fast but still get a good price for them. Also it depends on the item. If it is something that is in high demand then price it a bit higher and if it is an item you know will be difficult to sell then you can price it a bit lower. Starting with slightly higher prices is a good idea when having a garage sale so that if someone haggles you can lower the price but still get what you want for it.

    Pieces that you want to stay firm on I would definitely put signage on that says that the price is firm. Letting customers know that the rest of the items have room for negotiation if the buy more items will increase the chance of them buying more.

    Smaller items should be grouped together and bagged and sold for one price ... for example bagging markers together and selling a large ziploc bag for $1 or putting several Barbies together in a bag with clothes and selling it for $5 is easier to sell than trying to sell them separately, it helps to get rid of the items that are less likely to be sold individually also.

    Make a craigslist ad for your yard sale and take photos of what you will have to sell as a preview. Once you get all set up on the day of the yard sale you can take photos of everything when it's set out to increase traffic. People are more inclined to show up if they can see what you will offer. If you can't add pictures then make a list. Make separate ads for the larger items that you want to get a good price for so that if they don't sell you can leave the ad up until it does sell.

    A few providers in my area created a yard sale in their backyards and held private viewings for other providers/teachers by appointment only and then held another yard sale which was open to the general public later. They got more money for their items from the private sales than from the regular yard sale because teachers/providers know what certain items are worth (like learning materials) ans they are willing to pay more for them because they know what they are paying for. Parents are less likely to pay a fair price for learning materials because they think of them as "toys".

    Comment

    • DaycareMama
      Daycare.com Member
      • Oct 2010
      • 621

      #17
      Originally posted by Unregistered
      These are all great ideas.
      Thank you all!
      Anyone in my area? I can send you info..
      I am close enough where I could take a Sunday drive... I would love to see pics and prices Please pm me

      Comment

      • Unregistered

        #18
        Originally posted by MarinaVanessa
        When selling used items the general rule of thumb goes something like this..

        If the item is new with tags/packaging price it at 80% of the tag price/price you got them for.

        If the item is new without tags/packaging price it at 70-60% of the price you got them for, depending on the item.

        If the item is used but in great condition price it at 30% of the price when it was new.

        If the item is used and in poor/well used condition but still usable then sell it for 10-20% of the price when it was new.

        Books go for about $.25-$.50 for paperbacks and about $.75-$1 for hardback books. (giving a deal of 5 for $1 for paperbacks or 5 for $3 for small hardcovers/5 for $4 for large hardcovers helps get the books sold).

        Clothing goes for $1 a piece.

        ... this will make it easier for you to sell your items fast but still get a good price for them. Also it depends on the item. If it is something that is in high demand then price it a bit higher and if it is an item you know will be difficult to sell then you can price it a bit lower. Starting with slightly higher prices is a good idea when having a garage sale so that if someone haggles you can lower the price but still get what you want for it.

        Pieces that you want to stay firm on I would definitely put signage on that says that the price is firm. Letting customers know that the rest of the items have room for negotiation if the buy more items will increase the chance of them buying more.

        Smaller items should be grouped together and bagged and sold for one price ... for example bagging markers together and selling a large ziploc bag for $1 or putting several Barbies together in a bag with clothes and selling it for $5 is easier to sell than trying to sell them separately, it helps to get rid of the items that are less likely to be sold individually also.

        Make a craigslist ad for your yard sale and take photos of what you will have to sell as a preview. Once you get all set up on the day of the yard sale you can take photos of everything when it's set out to increase traffic. People are more inclined to show up if they can see what you will offer. If you can't add pictures then make a list. Make separate ads for the larger items that you want to get a good price for so that if they don't sell you can leave the ad up until it does sell.

        A few providers in my area created a yard sale in their backyards and held private viewings for other providers/teachers by appointment only and then held another yard sale which was open to the general public later. They got more money for their items from the private sales than from the regular yard sale because teachers/providers know what certain items are worth (like learning materials) ans they are willing to pay more for them because they know what they are paying for. Parents are less likely to pay a fair price for learning materials because they think of them as "toys".
        Thank you so muh this is great information!

        Comment

        • Crazy8
          Daycare.com Member
          • Jun 2011
          • 2769

          #19
          another thing to look at in pricing is how much someone could buy a SIMILAR item for new. They aren't going to pay more for used even if its a "better" one if they can get something new for less/same price.

          For instance, I was looking for a pack n' play on my local facebook group and everyone who was selling them wanted $50-75 for theirs. Yes, new they were about $100-150 BUT I can buy a brand new one of a different model for $60 so I wasn't going to spend $75 for a used one, you know?

          Same thing happened with baby carriers - I wanted cheap for a dc baby that I knew would outgrow it quickly. Someone had a baby bjorn that I know was pricey, but I could buy a different/cheaper brand for half of what they wanted for their used one.

          Does that make sense?

          Seriously though, if you are on facebook also look for selling groups in your areas - search "moms on a budget" with your town name too.

          Comment

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