Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it’s fair pricing. Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of. When your personal and business accounts are mixed, your personal assets are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil. Your clients will be individuals who wish to liquidate most or all of the contents of a home or business. One customer profile would be the heirs of the estate of a recently deceased parent.
Organizing the Sale
By creating a good relationship with the organizers, you’re more likely to get a heads-up on sales, select items, and great deals. Most people pounce on the first day of the estate sale, but the last day is when you’ll get the best deals. “I often find the items I am most interested in are still there on the last day, and it gives me much more power to negotiate,” she adds. After doors open, buyers can walk through the home to see what’s for sale and for how much. It’s essentially one huge garage sale, so it can be overwhelming if you aren’t prepared. “If you see an item you like, pick it up and carry it with you. If it’s too large, get an employee to tag the item,” Blankenship says.
Try to Sell to Individuals, Not Dealers.
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Depending on where you hold the sale, you may have to keep records for sales and/or income tax purposes. The more friends, family members, or even hired helpers you can round up for the sale day, the better. Place people both outside and throughout the home to guide customers, answer questions, and keep an eye out for theft.Recruit reliable, trustworthy, and knowledgeable people to help out.
For valuables like jewelry and antiques, a professional appraiser can help you land at the most appropriate price. An estate sale involves selling the entire contents of a home, up to and occasionally including the house itself.
How to Find an Estate Sale Pro
In addition insurance and bonding is usually required by state, and is definitely something prospective clients will want to see. Not having insurance means any kind of financial mishap could wipe you out completely. It’s also great opportunity to see what works and what doesn’t from a customer’s perspective. Learn everything you can before committing to starting your own business.
Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your estate sale company is sued. There are ancillary services you can offer along with—or instead of—an estate sale. These can range from cleanup and donation services when the size of the estate doesn’t warrant a sale to packing and trash hauling. Some business owners provide liquidation consultative services to larger estates.
However, this may mean that they will charge more for their expertise. A larger estate will typically involve a spacious home with more furnishings, household items, and collectibles. So, the estate sale company will need additional time and extra staff for cleaning, appraising, pricing, and organizing sale items.
