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| Credit Answers > Debt-Management-Articles-2009 > Make Extra Cash with Yard Sales |
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Decluttering and selling things that you no longer use can be a great way to earn extra money and boost your reserve account for your debt settlement. In recent years, many consumers have used online services
such as Ebay and Craigslist to sell unwanted and unused items. An old-fashioned garage sale or flea market offers two other options that can be fun and lucrative!
If you opt to try a garage sale, organizing items and holding the sale on your property can be quite simple. Garage sales take a little time and effort and a small amount of money. You may choose to
purchase price tags for your items. Simple signs displaying the time, date and place of sale can be distributed. Be creative when advertising your sale to attract as many buyers as possible. You may
want to place a small, inexpensive advertisement in the local paper to publicize your sale.
Ask neighbors if they want to join you. Community yard sales are common and a great way to interact with others in the neighborhood and make money. Treating your customers to fun music and cold
refreshments will encourage those who stop by to browse a little longer. It will also entice those passing by to stop and join in on the fun.
Garage sales can be enjoyable as well as flea markets. Most communities have outdoor flea markets, usually each weekend from May through October. You may have to pay a nominal fee for a spot to set up,
but keep in mind that a good flea market can be well known. It is not unusual for people to drive 100 miles or more to their favorite flea market destination.
Whether you choose a flea market or garage sale, price items accordingly - usually one-quarter or so of the cost when new. Make sure all the items are marked clearly.
Popular items sought at garage sales and flea markets include paperbacks and other books of all subjects, electronics and clothes, especially for infants and young children. If you live in an area known
for its outdoor recreation, if possible have hunting, fishing or camping gear for sale.
Preparation Tips:
Be sure to have plenty of change and keep money safely in pocket.
Record a log of what you sell and how much each item sells for. This way you can see how much money you make, inspiring you to sell more. You may also be able to clearly see exactly what items
you have purchased so you don't buy them again.
If possible, have an electrical source on hand with an extension cord so customers can check appliances. Keep a varied supply of batteries available as well.
Tell yourself that nothing comes back in the house. If items don't sell, simply donate them.
Make sure your shoppers know that all sales are final.
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