If you have recently found an old cupboard or some table from the 50s at the attic, then you have really great chances of earning pretty good money on selling it. Of course, first of all you will have to put it in order by repairing and repainting it to cast it for a new piece. But after the renovation part is done the question is how much money you can get for such a piece of furniture? The answer is pretty complex so we decided to give you several hints on how to properly evaluate and set the price for your renovated furniture.
Punching a time clock. You know the famous proverb that time is money. But what does it means with respect to selling renovated furniture? A lot of people believe that the faster they complete a project, the more money they can make. This leads to sloppier results as well as unexpected possible growth or its absence.
Professionals in outdoor furniture reselling process explain that if you want to earn money on a daily basis from your renovated pieces it is important not to rush the clock. Over the time your renovation technique will develop and polish so you will spend less time on a given piece and will be able to complete more complicated projects. But for now, start from the basics and do not reach to tough things you are yet not able to complete.
Pricing in different occasions. You know that seasons also tend to have great impact on the pricing strategy and buying rates. In winter you should expect to get lower sales simply because people are not willing to bother about going somewhere and checking the available options. Closer to the warm season they will get interested in your outdoor furniture much more, so be ready to the rush hours in summer. At the same time consider setting higher price for pieces that are connected to some holidays, such as a dresser with Christmas ornament. The closer the holiday is, the more you can ask for a given piece.
A dollar saved is a dollar earned. Remember that the better renovation you make on a shabby piece of outdoor furniture, the more money you can get. So if you want to actually get some profit, look for low prices on the “raw outdoor furniture” in order to set higher cost for the renovated pieces. Consider also using middle-ranged materials, do not opt for top-quality ones if you are only in the beginning of your path.
Increased Confidence equals Increased Income. You know that people will pay the price you set. This is why it is so important not to underestimate yourself and your outdoor furniture pieces. In order to set the right price for your piece experts advise to check furniture sale options in the area so that you know about the prices policy. Then look at your piece and try to set the price that will be competitive in the market, that will bring your profit, and that will still be affordable for potential buyers.