Clutter is a costly business. While we climb over boxes and continually migrate stacks of books and unworn clothes from one side of the house to the other (or, worse, from house to house), we could be decluttering our lives and saving money into the bargain. Here’s how.
Your grandmother might have thought the ring she left you was her most valuable asset, but she was unprepared for how much her clothes would earn a couple of decades on. With the rise of interest in vintage, reselling vintage clothes can be a lucrative business. Rifle through your cupboards to see what clothing you have inherited that is still of good quality and list it on eBay or Gumtree.
The time-consuming element of reselling items to make an extra income is the research that is involved. To get the most of the process, you want to be asking for the right price and the best way to ensure that is to research online and perhaps even check with someone who works in the industry in your local area. Ask too little and you’ll lose money. Ask too much and you might never sell your item.
The Right Promotion
One woman I read about, who was making a tidy profit from reselling on eBay, put her success down to the videos she attached to her products. If she was selling a toy, she would post a video of her son playing with that toy. Or she could attach the original ad to go with the product she was selling, emphasising its age and context. Selling your secondhand goods online is also a question of timing and trends; be aware of what’s in fashion and what you could sell for full price as a result.
It’s important, especially when new to reselling items online, to know the attendant fees that go with selling your products. Are there listing fees? Selling fees? What time period can you expect before the money from your sale is deposited in your bank account? You could have some hiccups in your cash flow if you haven’t answered all those questions before wading in with great-aunt Mabel’s chest of drawers.
Auction Or Price
Whether or not you set it to auction or sell it at the one price is up to you. It’s like a fixed or variable interest rate, the issues are exactly the same. You might auction it off and make a motza. Or it might sell for one third of its value because no one bid on it. You can of course set the starting price for an auction. It’s up to you to take the risk, and adequate research is your most helpful tool when setting the price.
People automatically think of eBay when it comes to selling online, which is only fair as it entirely dominates the landscape. But it’s not the whole picture. If you’re not interested in dealing with shipping concerns, then Gumtree can be a better option. An online community, it simulates a newspaper classifieds section with everything from jobs through to mattresses and lamps.