Part 2 – How To Have A Successful Tag Sale (and make money too)!

In this part we will discuss goals of the tag sale. Is the goal to make money or to simply get rid of stuff? Some people don’t care about the money they would make by having a tag sale. We have already said it’s a lot of work, and it is. Some people just don’t want to be bothered. Heck, they can take all the stuff down to the local non-profit and take the tax write off. But even that is work. And, if your the type of person who really doesn’t need to money, well the tax write off isn’t going to mean much to you anyway. You’d be doing that as more of a favor to the charity and that’s fine. Many flea marketers, and treasure hunters alike hit those store too for the buys. Maybe your stuff is “too good” for a tag sale or a donation. That’s possible too. We will discuss that aspect later when we talk about pricing. If your goal is to get rid of things and make a little cash then, a tag sale – or even an estate sale would be beneficial to you. The main rule you must remember however if you want to get rid of stuff and make money too, is to build a profit into the sale for the buyer. In other words, the item has to be priced fair and reasonable enough that someone will actually reach into their pocket and pay you the cash. What type of buyers are out there? Well, the answer is simple…all types! Tagging or yard sailing, mouse-ing, or hunting for rusty gold has become a national past time in the United States. Everyone it seems is out there looking for things they like, things they collect, things they need, things they can use, thing they can resell, heck things they don’t even need! They just can’t pass up a bargain. What kinds of things sell? Almost anything. George Carlin once said if you hammer two pieces of wood together some one will buy it. What types of things do you have to sell? And, what type of things to sell that will actually make money? We will now answer that last question by categorizing stuff into three categories; antique, collectible and modern. An item generally has to be at least 100 years old to be considered an antique. So, let’s do the math. You’ve been in your house for 50 years. When you moved in you brought with you your parents dining room set. The set has been in your house for 50 years plus your parents had it for at least 50 years (you remember having dinner on that table when you were little). Your mothers mother gave that to her. Chance are that set is antique. Collectibles are things that are less than 100 years old. That metal Coca-Cola carry along cooler you have down in the basement was bought in the 1950’s. You remember bringing that to the beach. In fact, you remember when your mom got it – she saved and turned in her S&H green stamps. Your sons Tonka trucks he had when he was a child. He is now 47 and they are collectible. Then, there are modern items or things that were made with in the last 30 years. Within these 3 categories of antique, collectible and modern are many sub categories or areas of interest to buyers. You must look through your house, attic or basement and get a feel for the types of things you have and want to part with. Once you do that then you will need to start getting organized. You are now at a critical junction. Just exactly how much stuff is there? We have been in houses where literally we needed to clear a space in front of your next step to move forward. Loaded. In Part 3, we will share some of the tools and methods we use to help people get organized so that they can have an orderly, effective sale and make the most back for there efforts. There are several ways to do this but there are also mistakes that can be made so check back soon!