How to Make Money on a Garage Sale

In this day and age, everyone seemingly knows how to put together and hold a garage sale.Yet if this is so, why is it that some people are lucky to gross $150 while others consistently make $1,500 or more from their garage sales.

Pick almost any city or town in the country; drive through any middle class neighbourhood or residential area on any weekend.You're sure to spot at least half dozen garage sales.And what's being sold at these garage sales?The accumulated "junk" that a lot of people no longer use or want taking up space in or around their homes.

Is it hard to hold a profitable garage sale?Not in the least!All it really takes is some of your time, and an awareness of a few merchandising tactics.But to be really proof it able, you must know how, and exercise careful planning.

First, let's look at some of the background.Everyone accumulates items that other people are searching for, and are willing to buy.These items range from discarded or outgrown items of clothing to furniture, tools, knick-knacks, books, pictures and toys.

Start by taking an inventory of all the things you have "just taking up space" around your home.Decide which items you'd be better off getting rid of, and make a list of these things.These are the things you are going to put up for sale.And if you are honest about what you really want and need, the pile will grow if you look over your house hold a second and third time!Remember that many garage sale offerings are items of merchandise purchased on impulse, and later found to be no t what the buyer wanted.

It is the human condition: We discover too late that we don't like or have used for things purchased; we "outgrow" in size or taste articles that once fit, or pleased us.You'll find that many items offered at garage sales are gifts that have been given to the seller, but not really suited to the recipient.In other words, it will be to your benefit, before you stage your first garage sale, to take a week or so to browse through all the garage sales you can find.

The problem is, most people just don't have the time or energy to gather up all the items taking up space around their homes and staging a garage sale to get rid of them.Believe it or not, many people really don't know how to stage a garage sale; and a lot of people feel that putting on a garage sale is just too much bother and work.

This is where you enter the picture.Your enterprise will be an ongoing garage sale of items donated and collected from those people who lack the initiative to put on garage sales of their own.In other words, you can become a "liquidator of people's junk," via super garage sales that you promote.

We've already suggested that you spend a few weeks visiting the garage sales, swap meets and flea markets in your area.Your purpose will be to see what is being offered for sale; what the people in your area are buying, and how the merchandise is being sold.One of the things to notice is how the merchandise is displayed.You'll also want to notice how the sellers handle customer browsing, and the prices they charge for the merchandise offered.You'll find most items tagged with a price sticker, but generally the seller is open to either price negotiation or a reasonable offer made by the customer.

About the Author

Uchenna Ani-Okoye is an internet marketing advisor and co founder of Top Affiliate Programs

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Warren Buffetts Investment in Goldman Sachs

Warren Buffett, CEO of Berkshire Hathaway, continues to use his firms enormous cash reserves to make purchases into some of the most valued, but down trodden, American companies. Buffett declared another deal this week, the first week of October, 2008: Hes purchasing 5 billion worth of perpetual preferred stock in Goldman Sachs NYSE:GS, plus an option to buy at a greatly discounted rate for the next 5 years.. Buffett will get a 10 dividend and the stock is callable subsequent to three years at a 10 premium.

As arguably the worlds most excellent existing investor, Buffetts investment moves are frequently watched by the public and information media. Each time Buffett invests in a agency, corresponding to Goldman Sachs, its a enormously rare endorsement. This era its an endorsement of not cleanly this firm but the at no cost advertise set of rules.

To decide why Buffett got wind of this a proper investment, I looked at a number of criteria as came across in the work Buffettology, written by Buffetts past daughter-in-law, Mary Buffett and the website validea. Approved Buffetts new investment in Goldman Sachs, I admonition it may be worthwhile to peep in detail at the all-purpose stockpile.

GS earns exorbitant marks based on my Buffett plan, making a score of 79 out of 100. Lets gander at anything the Buffett plan likes concerning Goldman Sachs to shed a few prudence into one way Buffett may undergo looked at this investment. Initially off, Goldman Sachs is a hefty global bank holding agency that engages in investment banking, securities and investment administration. Goldman Sachs was instituted in 1868, and is headquartered in the Under Manhattan zone of New York City at 85 Broad Path.1 Goldman Sachs has offices in Some major globe financial centers.

The agency acts as a economic advisor and cash chief for companies, governments, and filthy rich families just about the earth. Goldman devotes its buyers mergers & attainments suggest, underwriting services, asset admin, and engages in proprietary acquisition, and personal equity deals. It is a indispensable dealer in the U.S. Stock securities publicize.In curtest, it has a "big moat", a Buffett criteria.

Thats the qualitative adjoining of it. Now lets glance at the quantitative closest, which is where my Buffett model comes into perform. GS has the regular, guaranteed proceeds earlier period that Buffett likes to see. Buffett likes corporations to undergo dense, room revenue that are swiftly expanding. This allows him to appropriately predict successive income. Annual revenue per allocation bask in earliest to numerous fresh were 5.67, 5.57, 6.00, 4.26, 4.03, 5.87, 8.92, 11.21, 19.69, 24.73. Buffett may agree GSs income humdrum, though earnings have minified 3 times in the past seven existence, plus the more or less new worsen 6 time ago. The dips undergo totaled 36.2. GSs prolonged season historical EPS growth rate is 14.4, based on the 10 per annum normal EPS explosion rate.

Consistent profitability is not plenty. In addition, Buffett likes to see a costly yield on equity ROE. Over the history 10 years, GS has an normal annual ROE of 19.3. Thats a great deal appropriate for meeting this models 15 minimum requirement. The ROE for the concluding 10 days, from earliest to innovative, is 37.7, 24.3, 17.5, 11.1, 10.0, 12.8, 17.1, 17.5, 22.7, 22.6, and the average ROE more than the previous 3 years is 20.9, as a result passing this criterion. GSs administration has examined it can earn shareholders 21.4 bring forth on the returns they kept. This generate is spare than okay to Buffett. Actually, admin is doing a abnormal job putting the retained revenue to work.

Allotment buybacks are as well prime and GSs finish shares massive have fallen higher than the very last five time, even if the half-billion allocation secondary bestowing on Thursday will no wonder concern that tendency.

So, for the more allotment, the agency gets exorbitant scores on a basic purpose, but there are two planning where it falls brusquest. One is the Resources expenditures and one more is bring in on real estate. Both are potential to maximize and Buffett has solicited key government to accommodate their shares all the way through the time Buffett remains invested.

Behind the business relief is done, he then moves onto the wonder, "Is the price right" Agree this: GSs stockpile is recently at 128, bringing up the rear loves a overpriced of 225 a per annum ago. We get hold of that Buffett requests to invest anytime others are numerous "fearful" and at a price that affords him a pretty right unpredictability at evoking a vantage over the lengthy run.

Buffett gets a severe covenant also these number one shares, but I wonder extensive-term investors may be displayed as well as a marvelous procuring opening here in the all-purpose shares as in any case. When this is a providential piece on GS, it is extra as regards to allowing for you along furthermore prudence into how to analyze stocks for your own investment accomplishment.
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Dr Barry Lycka is founder of

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