Last Monday, Rebecca, our friend Laurie & I held our long-awaited stockpile sale. It was sort of a experiment — we were really trying to see if we could replicate Mama Loves 2 Save’s hugely successful sale back in April.
Laurie had by far the largest stockpile to sell. She’s an absolute couponing mad-woman. And she lives within walking distance of Safeway & Walgreens. And has one toddler. Oh, the shopping I could have accomplished with only one…
We decided to sell all our items for the same price, using different colored stickers to distinguish the item’s owner, and used Heather’s price list as our guide. We put like items together and tried to make our tables organized and visually appealing.
Here are some things we learned:
:: The day of the sale matters — we chose Memorial Day because that was our only option. Next time we will hold it on a Friday and maybe a Saturday. We’re thinking either the Happy Valley or Eastmoreland Neighborhood sale.
:: Advertising is key — Laurie & her husband did a great job making big, simple signs that directed people to the sale. We also advertised on Craigslist and here on the blog.
:: The general public does not know their prices — We were surprised that people weren’t snatching up our great deals until it occurred to us that most people don’t know what items cost in the store. The exception was cereal and that sold quickly. Otherwise, the stuff we thought was a screamin’ deal didn’t sell or people only bought one of an item. Perhaps posting WinCo or Walmart’s regular price next to an item would make people realize what a great deal they were getting.
:: Price the items right — Some of the items sold quickly while some, like the hair products, didn’t. We are planning to adjust some prices down to move more product next time.
Items that sold well: feminine products, cereal & other food, laundry & dish detergent, pain reliever, razors, some air fresheners
Items that didn’t move: oral care (toothbrushes, toothpaste, mouth wash), hair products, other medicine, cleaning products
Rebecca made $30 (she had the least items and left a bit early), I made $116 and Laurie made over $200.
I am pleased with our first go at selling our stockpile, especially considering it was 100% profit!
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