Today I wanted to share a post I wrote for the new ebook from PT Money- 52 Ways to Make Extra Money…Revisited.
The ebook is completely free and I recommend all of you give it a read! It is 36 pages and contains posts from 8 other personal finance bloggers. This free ebook also contains many awesome money saving tips. So not only do you learn how to earn more money but you can save some as well.
(hint: you can download the ebook without subscribing by clicking on the “download” link in the right hand corner)
Below is my post on How to Make Money With a Garage Sale
We all appreciate earning some extra money. Many of us (but not all) look forward to getting rid of junk from around the house. As a result, holding a garage sale to earn some extra money becomes a perfect option. If you’re not convinced on this idea yet then allow me to share some benefits of holding a garage sale:
Money to put towards your debt reduction. If you are at the point where you’re aggressively paying off your debt then this is a great source of additional funds. Any extra money you can put towards your debt will help you out greatly in the long run.
Meet the people in your neighborhood. These days with the internet and HDTV it’s very rare that we actually talk to our neighbors let alone the people that live in our neighborhood. Throw a garage sale, sell your junk, and meet your neighbors for once and for all.
Get rid of the clutter in your home. Maybe you will finally realize that the “storage room” in the basement could make a pretty decent billiards room or an extra bed room.
Alright so I brought up this great idea of holding a garage sale and gave you guys the benefits, so now it would only make sense if I gave you some tactical tips for setting up this garage sale to be successful:
1. Advertise for free. The obvious thing to note about a garage sale is that you shouldn’t expect to make a fortune. With that being said you shouldn’t spend any money on advertising. Aside from word of mouth marketing, I highly advise that you take advantage of all of the posting boards in your community. You may not check them frequently but I can assure you that the senior citizens do. You should also engage in the most oldest form of garage sale advertising- putting up signs all around your community. You need to make sure you use attractive colors and that you stress what kind of items you will be selling. We had some good luck with attendance one rainy Saturday morning because we stressed the fact that we had quality clothing and bicycles for sale.
2. Advertise ahead of time. Most yard sales are typically held on a Saturday morning so you should strive to have all of your posters/ads up by Monday afternoon. If you place your posters in highly visible places (under a stop sign) then people will be reminded of your garage sale every single day of the week.
3. Get your neighbors involved. Whenever people see any variation of the term “street sale” they get really excited. Some people are very skeptical of holding a garage sale, so a street sale is the likely the encouragement that they need to join in.
When looking at money saving techniques it’s crucial that we remember to not use this money to purchase more junk. At the end of the day you spend a Saturday morning meeting your neighbors, getting rid of your old junk, and making a couple of dollars. When will you hold your garage sale?
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I wish I had more stuff to get rid of. I love a good garage sale. We helped my MIL have one last year and she made close to $500. It was hard work, but a great experience for her. Thanks for sharing this awesome write-up in the ebook.