How Do You Pick Prices For Garage Sale Items?
Are you getting ready for a garage sale and have no idea what to charge? There are many things to take into consideration in order to maximize your garage sale profits without hindering your ability to sell. As a rule, start by taking 10% to 30% off the original price. This is a great starting point, especially when pricing pricier items such as TV’s or stereo equipment. Remember that even if the item is brand new, it loses its value because it is out of the box and is not being purchased directly from a retail store. When deciding how much to depreciate by, consider the benefit that the consumer would have from getting it at the store; for example, a warranty. Once you have discounted the item, it’s time to depreciate it. Consider the age, condition and the life expectancy of the item. Also take into account the demand for the item. It may be a great buy, but who is going to buy it. A good example would be a black and white television. Even if it is still in its original packaging, yo
