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MAGAZINE OF DENVER

SPRING 2008

Selling Stuff Not Tough

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Welcome Home Magazine
79 Spyglass Drive
Littleton, Colorado 80123-6657
Phone: (303) 797-8400
Email: jim@welcomehomemag.com
Copyright 2008 Welcome Home Magazine

 

Selling Stuff Not Tough
All that stuff cluttering up your closets and forcing your car to spend the night in the driveway could be worth a small fortune in a garage sale.
According to Jim Hurrell, owner of Mile High Flea Market “having a garage sale is a good way to get rid of all the accumulated stuff you don’t want anymore, but a profitable sale requires good planning.”
A great place to have your next garage sale is Mile High Flea Market.
“We see hundreds of garage sales every Saturday and Sunday out here and the most successful ones all have one thing in common — everything is neatly displayed so that it doesn’t look like junk,” he said. “The old adage, ‘One man’s trash is another man’s treasure’ really is true, but to get top dollar for it, it has to look good.”
To increase your chances for success, Hurrell suggests following a few simple rules:
n Spend time cleaning and arranging items for a sale. Arrange them so they can be easily viewed, and group them according to theme. (Kitchen utensils separate from garden tools, etc.)
n Clothing sales can be increased by arranging items on hangers and clearly marking sizes.
n Never place items in a box on the ground and strategically place large items to attract passersby.
n Pricing is a sticky matter for many people, but as a general rule don’t expect to get more than 30 to 40 percent of what you paid for an item. Use masking tape for tags and be sure to price each item separately.
If you paid $100 for something new and used it several times, it’s not worth $100 anymore,” Hurrell said. “A good rule of thumb is to price things at about 30 percent of their current retail value. Clothing should be priced at 50 to 75 percent of retail. Price antiques and collectables at their appraised values.”
n Price items at the most you think you can get, and be prepared to bar-gain. Remember, you are trying to sell items for which you have no use.
“Start lowering prices toward the end of the day,” Hurrell suggested. “If you really want to get rid of all your stuff, be willing to take less for everything at the end of the day. We see a cycle here at Mile High Flea Market. Antiques and one-of-a-kind items go early, best buys are made late in the day. Nobody wants to take home their own stuff.”
To guarantee that your garage sale will have lots of shoppers, have it at Mile High Flea Market, where you can expect an average of 40,000 shoppers on any given weekend.
“Have a good display and fair prices and, by the end of the day, you should have some good money and be rid of all kinds of stuff.”