Best guideline: Think about what you would be willing to pay for the item if you were in the buyers shoes and the one considering purchasing it. If you would pay a particular price, someone else probably would, too! Ask yourself: “What would I pay for this?”
We put together a pricing suggestions sheet that you might find helpful in getting started. Pricing Suggestions
Keep prices in $1 increments.
Remember that your goal is to sell your items, otherwise, you will be taking it home with you when the sale is over, so be careful to not over price!
Clothing – Price at 75% Off Original Retail Price
Also, think about the original retail price — whether you paid original or not — and take 75 % off. This gives you a good place to start .
- For example, if an item originally cost $20, take 75% off and think of pricing the item in the general area of $4.00 to $5.00 if item is in excellent condition.
- If it is an item that is highly desirable like Gymboree, Janie and Jack, Gap, Abercrombie, etc., you can go up from the 75% off.
- If it is an item that is still in good shape, but from discount stores such as Target, Walmart, etc. you might need to stay around the lower price.
- Keep in mind you are competing with many items of similar quality, and the best price will sell first. After determining what you think is a fair price, ask yourself, “Would I pay that for this item?” or “Would I pay more than this?” If you would pay more, add a dollar or maybe two to the price.
- The people who make the most money have higher quality items priced in the ranges of $4.00 – $8.00. A few high quality items will really add up quickly!
Toys & Equipment – 1/3 to 1/2 of Retail Price
When pricing toys and equipment, there are some items that are in high demand. For example large outdoor play equipment and double strollers. These can be priced a bit higher due to the demand.