How To Make Money In Adorable Home

How to Concur a Garage Auction (And Really Make Money at It)

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Summer is the opportunity to haul all your unwanted stuff onto the front lawn for your neighbors to buy, and then you take room for new stuff. That was my motivation recently, when I was prepping for a massive garage auction—but how to hold a garage sale, efficiently and effectively? I hitting up an expert—Gary Vaynerchuk aka Gary Vee, a multimillion-dollar entrepreneur and digital celebrity whose moneymaking hobby is spending his weekends trawling the tri-state area for garage sale treasures and collectibles that he flips on eBay. (He'south also the CEO of VaynerX, the parent company of PureWow, and so I had an "in" in getting the in-demand motivational speaker for an interview.) Here are vi suggestions you may not consider when garage auction-ing—and one affair to absolutely avoid.

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one. Promote Online

"Hardcore garage sale people are always looking to Google townwide garage sales," Vaynerchuk says, so he recommends calling local papers to list your auction, since information technology volition show upward in Google searches. Additionally, Vaynerchuk recommends community Facebook groups and online community social network Adjacent Door. "Sometimes the old school way is the all-time style," Vee says. "No question, a very strategic play is hanging big, colored signs at major intersections."

2. Toll According to Time of 24-hour interval

In the early hours, from 7 to 10 a.m., price higher than you think. And then gradually lower the prices. to maximize both your profit and your power to, well, go rid of your stuff. And consider bundling like items in bins to move a larger quantity at one time. "Equally far equally bundling, it's ever in play," Vaynerchuk says. "Just the thing to ask yourself as a seller is, exercise you want to bring it dorsum into your house? Because end of twenty-four hours, what you are going to do is leave information technology on the curb, accept one of your old signs, and flip it over and write 'Gratis' and allow people drive by and take hold of it."

three. Consider selling on eBay

For smaller items that are easy to ship, consider listing your items on eBay, where you volition reach the widest possible sale audience. If an particular isn't small or durable plenty to transport, list information technology on Craigslist (or try local pickup on Facebook Marketplace). Vaynerchuk recommends researching what is a valuable collectible: "I've missed a lot of things—the consumer has gotten educated—early on on, I had no idea that t-shirts were worth so much coin, yous know band and sports t-shirts, '80s and '90s t-shirts and hats."

four. Social Media

"People ever underestimate social media—Instagram stories, at present TikTok for sure—they are a slap-up place to get serious about information technology all," Vaynerchuk says. True story: Reader, I sold half my garage sale items to friends who reached out to me afterward I posted, just for fun, a tracking shot of my grand and snaps of favorite footling tableaux I set up upwards around my front lawn.

5. Set Your Intention for the Sale (Really)

One of Vaynerchuk's top money-making experiences visiting garage sales occurred when he purchased a parcel of Playbills. "I bought a agglomeration of 1940s to 1980s playbills, similar 3,000 of them, for $40, and so I went on eBay and listed them individually. Information technology was a fourth dimension-suck, but information technology was a $40-to-thousands-of-dollars arbitrage," he says. Vaynerchuk allows that he made the flip since he had a younger brother who was willing to put in the hours listing each Playbill. Garage auction-ing is "a fourth dimension allocation game almost ever. If you have patience, eBay is dandy, but most people have no time, which is why they are doing garage sales in the first place," he days. "So are you lot trying to maximize dollars, or are you trying to maximize the speed at which you get the junk out? And it ebbs and flows. Some years you have more time and yous use eBay, other years y'all want to travel a lot and you have i big garage sale and become rid of it all."

half-dozen. Prepare to negotiate

"You should always be open to negotiate. The quickest mode for someone to not purchase something from you is to non leave any room for negotiation," Vaynerchuk says. "The buyer always wants to negotiate a little flake."

seven. Don't Get Too Fancy

"Don't recollect that you lot are a premium thrift store on the Upper East Side," Vaynerchuk says. "So yes, I want yous to toll more aggressively in the early hours, but some people think they have an antiques shop, and write $xxx, $40, $50 individually, versus other places where you tin can go it for a dollar." For more than garage sale-ing tips, check out Vaynerchuk's YouTube channel.

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Source: https://www.purewow.com/home/how-to-hold-a-garage-sale

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