April 8, 2020  
 
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Articles for Entrepreneurs

 

How To Make Money When You Are A Kid

 

Make Money With a Garage Sale

Written by Madi Gaebler for Gaebler Ventures

Garage sales are a great way for kids to make money. You can help Mom or Dad clean up the basement and make money besides!

Selling unwanted things that are lying around the house is a great way for kids and teens to make money.

 

An easy way to do this is by running a garage sale. By running a garage sale, you can avoid the hassle of selling things online. But, don't forget, that if you do decide you run a garage sale, it will take hard work. These tips, however, will make your garage sale easier as well as more successful.

Ask Your Parents

Before you start anything, you need to ask your parents if it is ok with them. They might not approve of you selling their old things, even if they don’t use them anymore. You should still tell them if you’re not even going to sell their stuff, and plan on selling your own things.

Prepare Items

When you are looking for things to sell, try to find things that are still in a box. If you have a never used item that is still in the packaging, you can sell it for more.

Anything and everything can be sold for a small price. You never will know if something will sell if you don’t try. Who knows, somebody might collect old bottles or calendars. You might as well try.

Organize

Once you have your items ready, begin putting them in or outside your garage. If your family has a car, ask that it be moved to the street temporarily so that you can use the garage and driveway. 

Try to organize your items according to what they are. You can have different tables for kinds of items. Use boxes and post-it-notes to separate the items on each table into subcategories. You can put children’s books in one box, and adult fiction books into another. This will make it even easier for people to find things.

Pricing

If none of the things you are selling are worth much, there is a creative alternative. 

You can sell boxes to people and let them have however much they can fit into the box. The price of the box depends on how large the box is. Any easy test to make sure you are making money is to get your own box and fit as much as you can into the box. Ring up the items to see how much it would cost without the box. You should only raise the price of the box a little higher than that, if not at all. This is because in truth, the customer would not have gotten as much if he knew he was going to get charged for it. Plus, you don’t want the cost to be so outrageously high that the customer turns it down.

Advertising

Plan your garage sale for a Saturday but begin putting flyers out and signs up the previous week. The more people who see your signs and flyers the better! Be sure to notify all your neighbors and hang up signs in busy areas.

But now, you need to stop thinking about it and just do it. It is inevitable that you will make some mistakes. With hard work, though, everything will go smoothly. 

Madi Gaebler is an expert on kids and money. In her spare time, she enjoys playing soccer and spending time with her friends. Her website is FunkySnake.com.

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Want to learn more about this topic? If so, you will enjoy these articles:

Selling Candy at School
How to Start a Lemonade Stand
Convincing My Parents To Let Me Make Money


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