Kathie Lee & Hoda: Making Money With Tag Sales
Kathie Lee Gifford and Hoda Kotb wrapped up their three-part series on how to make money at home and today’s topic is tag sales. Amy Panos, senior editor at Better Homes & Gardens, joined the ladies and gave us tips on turning your clutter into cash.
Kathie Lee & Hoda: Make Your Sale Like A Retail Store
Amy Panos says that people that come shopping at yard sales and tag sales want to feel like they are shopping at their local retail store. She suggests kicking off your tag sale with food and drinks. Having punch and snacks makes it welcoming to your customers.
Kathie Lee & Hoda: Creative Yard Sale Displays
Amy Panos told Kathie Lee and Hoda you want to display your merchandise by department, so keep all your clothes together, all your kitchen stuff together and so on.
For your clothes, you can use a rolling garment rack to hang and display all the clothes you have for sale. This helps put them in order and makes your customers feel like they are shopping off-the-rack at a department store. For the fabrics you have available, put them on a drying rack for easy visibility.
Kathie Lee & Hoda: Yard Sale & Tag Sale Space Savers
For your kitchen merchandise, get stacking shelves and that way you are able to stack three times as much in the same amount of space. For your jewelry, get a cork bulletin board and some pushpins and hang them all on the corkboard. Also, keep the same price for all your jewelry.
For your furniture, set-up a small vignette to display the furniture giving people ideas for how they might use it at home…chair, lamp and books set-up together in a cute display.
Amy Panos says set-up a dining room table and put all the dishes and glasses you have for sale in a dining room setting where they can shop for them…it looks fun and inspiring. Get creative: craft paper on a table, write the name of the item, write the price and draw where it was placed…when something sells write SOLD.
Kathie Lee & Hoda: Tags and Pricing
Amy Panos told Kathie Lee and Hoda that for your tags, you want to put more stuff on them. Your tags should include how big it is, the price and a sell line on why somebody should buy it. The tags should be colorful, made out of construction paper with a hole-punch at the top or you can buy ready-made tags.
For pricing, Amy says you take the retail price and you should be 25% lower than that because you want this stuff to move. The whole point is to get rid of it and you can expect some haggling with the customers.