Tuesday, April 1, 2008
Buying and Selling 101
Tis the season for garage sales. Warmer weather means hot deals. Assuming you're not a pretentious snob, garage sales, tag sales and flea markets can be a whole lotta fun. You might even find a good deal (like the time I nabbed the first set of Garbage Pail Kids for mere pennies).
So gather up all that stuff you no longer have any use for and get ready to sell, sell, sell!
Donald in Ottawa, KS says:
Holding your own yard sale? You will increase your sales if you have items separated into categories - like women's, girls, boys', men's, etc. People most times are looking for certain things and do not want to search through piles of clothes to find it. I have found that people who have an easy time finding what they want will buy more and take the time to look at everything you have. Also, make sure your prices are clearly marked.
Aside from clothes, you are likely to have all sorts of small knick-knacks that you want to get rid of. |
Anonymous says:
When you have a yard sale, take many small things (like pens, pencils, kitchen gadgets, notepads, stationary, makeup, costume jewelry) and put them in their own baggies. Price them between 50 cents to $1. People like a great deal!
What if you're like me and don't technically have a garage?
Ron in Jamestown, NC says:
If selling an item on eBay, the best time of day to list an item is at 10 PM Eastern (7 PM Pacific). By listing at 10 PM EDT, you are hitting the prime time all across the country. Most listings have the most traffic when first listed and in the last hour before the auction closes, and this prime time on all time zones guarantees the most exposure.
Now you know when to post - but what should you charge? |
Anonymous says:
A little research will save you in listing fees and wasted time. Before you list an item, do a search for similar items in terms of condition, size, color, feature set, etc. and add them to your Watch List. Wait for these listings to expire and then check to see which items sold. Price your initial listing price 10-50% below the lowest winning bid. If you don't find similar items in a search, use 10-25% of the retail price new.
Don't forget that one man's trash is another man's treasure.
So gather up all that stuff you no longer have any use for and get ready to sell, sell, sell!
Donald in Ottawa, KS says:
Holding your own yard sale? You will increase your sales if you have items separated into categories - like women's, girls, boys', men's, etc. People most times are looking for certain things and do not want to search through piles of clothes to find it. I have found that people who have an easy time finding what they want will buy more and take the time to look at everything you have. Also, make sure your prices are clearly marked.
Aside from clothes, you are likely to have all sorts of small knick-knacks that you want to get rid of. |
Anonymous says:
When you have a yard sale, take many small things (like pens, pencils, kitchen gadgets, notepads, stationary, makeup, costume jewelry) and put them in their own baggies. Price them between 50 cents to $1. People like a great deal!
What if you're like me and don't technically have a garage?
Ron in Jamestown, NC says:
If selling an item on eBay, the best time of day to list an item is at 10 PM Eastern (7 PM Pacific). By listing at 10 PM EDT, you are hitting the prime time all across the country. Most listings have the most traffic when first listed and in the last hour before the auction closes, and this prime time on all time zones guarantees the most exposure.
Now you know when to post - but what should you charge? |
Anonymous says:
A little research will save you in listing fees and wasted time. Before you list an item, do a search for similar items in terms of condition, size, color, feature set, etc. and add them to your Watch List. Wait for these listings to expire and then check to see which items sold. Price your initial listing price 10-50% below the lowest winning bid. If you don't find similar items in a search, use 10-25% of the retail price new.
Don't forget that one man's trash is another man's treasure.
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