In this tough economy garage sales are becoming more and more popular. They are a great way to get rid of excess clutter and can be very profitable. The average medium sized sale can bring in $200-$500.

Hosting a successful garage sale is easy if you make a plan of action and stick to it. You'll need to be organized and well prepared.

Here are some tips on how you can host a great sale.

Things You Will Need

The first thing that you'll need to do is find things to sell. Look through your closets, attic, basement and each room of the house. A good rule of thumb is that if you haven't used something for a year it goes in the sale pile.

Step 1

Pick a date - Once you have everything that you want to sell organized you'll need to pick a date. Try for a week or two in advance so you can watch the upcoming weather reports. Most sales start on Thursday, Friday or Saturday. Start dates are regional so do some research.

Step 2

Setting up for your sale - The ideal place for a sale is in your garage. This way if it rains you are protected. You can also use portable tents. Arrange your goods in an organized fashion by product type. Clothes, household, tools, toys, games...should all have a section.

Step 3

Pricing - Always price your items. Even if you are willing to haggle adding a price gives customers a baseline place to start. I've walked away from plenty of sales that don't have prices.

Bonus Tip! You are having a garage sale to get rid of stuff so don't over price or you'll be left with a big clean up.

Step 4

Signs & Advertising - Create large signs for the end of the street and the driveway that clearing shows where the sale is. People can't see small signs when they are driving.

Also place an ad in the local newspaper. Hardcore salers will check there first. Use words like "priced to sell", "multi-family sale" and "too much to list".

Step 5

Day of the sale - Make sure you are ready with change, bags and extra help. The first few hours can be crazy. Get out in the garage about an hour before the sale starts to get the early birds. Then during the slow periods reorganize your goods so that people can find stuff that gets messed up.

Step 6

After the sale - Box up everything that didn't sell and take it to a local charity. You don't want to bring everything back in your house.

Bonus Tip! Have a "Free" time for the last 15 minutes of the sale. Invite friends and family. Getting rid of more stuff will save you the trouble of packing it up.

Remember having a garage sale is fun and profitable. As long as you stay organized you'll have a great day and a little extra cash in your pocket.

Tips & Warnings

Another way to draw customers is to have a neighborhood sale. The more houses you can get to participate the more customers you will draw in.