How to price my pre-loved goods?

How to price my pre-loved goods?

pricing used goods

Defining value of a used good is not a science, but an art. While there is no particular formula to calculate the price of used goods, there are a few points which will help you value your product right.

Used goods – The perception

Koove

The way used goods are perceived varies drastically between a seller and a buyer. A person who has owned something will always value it high. It can either be because of the price at which it was bought or because of the personal attachment to it.

While, in case of buyers, used goods are always perceived low. No matter if you have used it or not, once it is owned, its value decreases.  

The price at which your product will be sold is at the intersection of these two perceptions.

Do the research  

Go through the e-commerce sites like Amazon, Flipkart, Myntra etc. and find out the market value of the product you want to sell. Mostly, the current market price of the product will be lesser than the price at which you bought it.

E-commerce discounts !

discount on used goods

Keep in mind, all e-commerce sites give offers during different occasions and hence the price will be lesser during that period. People might not be satisfied with the 20% or 30% discount since they can buy a new product at that discounted price. Yes, they will compare apples with oranges. Hence, your product has to be priced competitively and the discounts have be more than the e-commerce discounts.

Be open to negotiate

used goods online

Expect people to offer less than what you quote. Be realistic and come to a happy medium. If needed, start by listing a slightly higher price. Don’t list it too high, though, or people may not even enquire.

Have a clear intention

If you feel your house is too cluttered and want to get rid of as much items as possible, price it low that people will buy it without even bargaining. Low priced items always sell fast.

On the other hand, if you are not too particular about getting rid of things but you want to make some money, you can try negotiating with people and sell it at the best possible price. This could take longer than usual.  

Think as a buyer

buy and sell used goods

When you quote a price, for a moment, imagine yourself as a buyer and think if you will buy it at that price. If the answer is no, it’s time to reduce the price :)

Hope this article has given you a clear understanding on pricing your pre-loved goods. See you at the Declutter Sale & Flea Market !

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Decluttering Hacks You Will Love

Decluttering Hacks You Will Love

declutter

Decluttering our home is something we keep postponing weekends after weekends. Though we all know that an uncluttered home is a heaven to be in, little do we take efforts in decluttering our home. So here are a few hacks to declutter your home without much of effort.

Try your bedroom closet first

Wondering where to start? Try your bedroom closet first – You might find up stuff from your ex, begin there. Get rid of clothes that are outdated and poor-fitting. Having a closet with only the clothes that you love to wear will give you a fresh start for the day as you will spend very less time to decide on what to wear for the day.

In decluttering your closet, you will see immediate results which will build momentum to declutter the rest of your home.

The wardrobe hack !

resell clothes

Turn all the hangers backward in your closet. Once you wear a dress, the next time you put it back in the closet, put it with the hanger facing forward. After a predetermined amount of time, say 6 months or an year, get rid of the clothes on the backward-facing hangers since you haven’t worn them for a while. Do this judiciously when it comes to people you are dating.

Create a ‘Maybe Box’

Many a times we find ourselves being doubtful of getting rid of something. Though we hadn’t used it for a long time 😉 we might have a feeling that we will need it in near future 😉 😉 In this case, a maybe box will help 😉 😉 😉 Create a maybe box with stuff you are doubtful of disposing and keep it hidden somewhere. After six months, take out the box and see if it had anything you really needed. Most probably, you will dump the whole box.

The above paragraph has nothing to do with probable girlfriends or probable boyfriends. We seriously mean that. Pinky Promise.

Get your family involved

Decluttering together as a family becomes fun especially when you have your young kids helping you. Kids can help you put shoes away, match shoes and pick up toys. Decide on specific places for certain items and make sure that everyone in the family understands it.

Pull your husband/boyfriend out of the toilet, no matter what a bad stomach he has. Men usually hide themselves when it come to decluttering.

The 80/20 rule for toys

sell used toys

80% of the time kids play with only 20% of the toys they have, this is especially true for grown up men and women as well. Find out the toys they don’t play with and get rid of them. Getting rid of these toys will help reduce a lot of chaos.

Bought 1? Dump 2

One way to gradually declutter is to get rid of more than one item every time you purchase something. This works great to declutter kid’s items they have outgrown, much like you outgrow your ex-es. Whenever you buy a new dress for them give away the dresses they have outgrown. When you get rid of 2 items per every item purchased, you will gradually declutter your home and the process doesn’t feel overwhelming.

Incentivise the process !

Make money by selling stuff that are good in shape. When you know you can make money by selling something you will not delay the process. You can try Koove for this, an app that facilitates the buying and selling of used goods though the Facebook communities. Post the pictures of the stuff you want to sell, chat with buyer and sell it at the best deal. This way you will be encouraged to declutter regularly like your current boyfriend may be.

Learn to love the uncluttered look

declutter sale

Decluttering is an ongoing process. It takes a lot of time and effort, but it feels great to have a less-cluttered home. Once you start loving the decluttered look, you will do this decluttering process without even thinking much about it – which is a life saving skill in your love life too. And, your house and heart will stay decluttered forever !

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