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5 Tips To Running The Best Yard Sale Ever

5 Tips To Running The Best Yard Sale Ever

When’s the last time you cleared all the junk out of your house? It was probably longer than you care to admit. Chances are your house is full of things you haven’t had use for in years.

In your closets, the back of your shelves, the bottom of your drawers and the corners of your rooms are probably a slew of items you’ve forgotten about entirely. They’re taking up space and not doing you any favors. The best way to get rid of them is sell them, and the best way to sell your stuff? A yard sale.

A poorly planned yard sale, however, can attract little to no attention. In order to maximize sales, you need to do some research. Here are five tips to run the best yard sale ever, and get rid of all your old junk doing it.

  1. Advertise heavily

If no one knows your yard sale is happening, no one will show up. The best way to ruin a yard sale before it even begins is not putting in the time to advertise your sale. Make sure you put thought and effort into figuring out how best to advertise your yard sale.

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Identify spaces with high foot traffic, and put flyers in places that are easy to notice. Potential readers should be able to stop and read your sign without getting shoved by an angry crowd, but still be able to see it from their walking path.

Place advertisements in local community spaces. Create a Facebook event and invite your local friends, and urge them to invite their own local friends as well. Make a Craigslist post, or advertise on online yard sale spaces, and make sure your advertisements are detailed and thorough. Include the address, the times available, the range of prices, the category of goods you’re selling and the date of the sale. Be sure your advertisements go up several days before the yard sale.

  1. Prepare for payment haggling

Yard sales are a casual, unlicensed event, and customers come in with a different attitude than they would a brick-and-mortar store. Expect people to negotiate with you on payment—expect to negotiate, not just on how much they should pay, but also on how they should pay.

Someone may try to barter with you, but if your goal is to raise some cash, resist any bartering offers. The goal of a yard sale is to get rid of junk, not switch it out for other junk.

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Others may want to pay with cards, especially if you’re selling things that might quickly add up in price. Luckily, accepting credit cards is increasingly easy for the layperson to do. Squareup charges a nominal 2.7 percent fee to allow you to process credit cards with your phone.

  1. Buddy up

Although you want to move your products, you’ll attract more customers if you have more to sell. Ask friends or neighbors if they have goods they’d like to sell as well, and make your yard sale a multi-seller event.

Multiple sellers means people have more options for clothing sizes and types, or more varied genres of books and movies. It promotes a wider audience, rather than just attracting those interested in your size medium shirts and size eight skinny jeans, or your collection of Michael Buble CDs.

Better variety encourages more shopping, and more shopping means more money. Don’t think of other sellers as competitors. Think of them as another attraction to draw customers in.

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  1. Present your goods wisely.

Humans are visual creatures, which means we’re visual shoppers as well. How products are arranged can influence how much interest someone will have in your stuff.

This doesn’t have to be complicated. Arrange clothes by size and category. For example, if you have specialist items, such as shoes for nurses, you may consider grouping them with other nursing items. If you have a pile of books, arrange them by subject matter and have them stacked neatly so people can pick them up. Arrange DVDs on the table so customers can see multiple titles at once. Keep different categories clumped together.

If you have any particularly exciting wares to sell, arrange them so they’re closer to the sidewalk and easier for passerbys to see. Something fun may draw them in and encourage them to shop around.

  1. Offer some free stuff.

Although this seems counterintuitive, it’s a good sales technique to get people more willing to part with their money. A box of free goodies, or a collection of free with purchase items, can convince people that the $7 you want for a DVD is more worthwhile. People like free things, and giving stuff away has long been a well-used marketing technique.

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Free snacks, especially if they were advertised on the flyer, can also draw customers in. Chips in a bowl, a tray of cookies or some dip platters can feed browsers and put them in a better mood to spend. Fill their stomachs and empty their wallets with kindness, and you’ll have a much better yard sale.

Think carefully about how you want to plan your sale. With some clever moves and trusted marketing techniques, your yard sale can be a successful and worthwhile one.

Featured photo credit: Barb Crawford via flickr.com

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Published on January 8, 2021

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

1. Pay More Than the Minimum Credit Card Payments

Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

2. Start With High-Interest Credit Card Debt

If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

3. Revisit Your Budget

Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

4. Avoid Using Your Credit Cards

Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

5. Start a Side Hustle to Boost Your Income

You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

6. Sell Your Used Items for Extra Cash

Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

7. Know When to Seek Help With Your Debt

Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

In extreme cases, the debt solution can be:

  • Debt relief – where your debt is partially or wholly forgiven
  • Debt consolidation – taking out one loan to repay others
  • Debt settlement – the creditor forgives a significant portion of your debt
  • Bankruptcy – legal process for seeking relief from some or all your debts

It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

Wrapping It Up

Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

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Featured photo credit: rupixen.com via unsplash.com

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