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8/20/2018

Guide to Selling Things Online

by Travis L.

Sell Items Online

If your bank account is empty and your closets are full, you’re in the perfect position to make a few extra bucks. Before you plan a garage sale, however, you might consider selling things online. With resale on the rise and the increasing number of selling platforms, you’re likely to have better luck using apps such as Decluttr or sites like Ebay.

Does it Work?

Approximately 71 percent of consumers say they plan to spend more money on resale items in the next five years. In fact, 40 percent of people between 18 and 24 shop resale and 77 percent of millennials are more likely to shop resale for environmental reasons. With so many online buyers, there’s never been a better time to sell your stuff online.

Selling things online takes some effort, though. Pricing, photographing, and listing your items takes time. While you may not make a fortune, you just might make enough to cover a bill or two.

Getting Ready

Before listing items, you must know which items to sell. Starting this process can be difficult! Luckily, we have a trusty process!

Woman Carrying Clothes1. Remove Everything

The best way to start is by taking everything out of your closets, drawers, and storage containers. This way, you’ll be forced to sort through everything.

2. Make Piles

After you’ve pulled out all your stuff, it’s time to sort.  Though you can add more as needed, here are four helpful categories:

  • Sell
    As you sort through your belongings, you’ll probably find items that are hardly used. If you’re like most people, you’re likely to wear an item only one to five times before it gets buried in the back of the closet. This can leave you with a lot of new or like-new items that can easily be sold online. Put these items in a pile – along with other items such as electronics and home décor that are in good shape – to be sold later.

  • Donate
    You’ll also find items that are too old or worn to sell for any substantial amount. Instead of keeping these items and cluttering up your home, donate them! Find a local Goodwill or Habitat for Humanity ReStore. If you have books you can’t sell on Amazon, consider donating them to your local library.

  • Trash
    Old papers, broken items, and junk – you don’t need these things, but sometimes it’s hard to toss them. Now that you’ve got all your junk out in the open, take the time to actually get rid of it
  • Keep
    As you go through this process, you’ll create a “Keep” pile. It’s easy to throw things into this pile without truly considering if you need those items. We often keep items “just in case” we need them later, and they end up unused, stored in the attic or the back of a drawer. To avoid keeping these unnecessary items, try using the 90/90 rule. Ask yourself: have you used or worn it in the past 90 days? Will you use it in the next 90 days? If the answer is no, put it in the Sell or Donate pile. Remember, most things can be replaced later. If you don’t think you’ll wear those sneakers in the next 90 days, get rid of them! You can always replace them later.

As a bonus, this method also helps you de-clutter your home, and a home without clutter reduces stress.

If you find it difficult to do this all at once, try the Minimalist GameThis game was created by two former businessmen who realized they had accumulated way too much unnecessary stuff. This game will help you find things to donate or sell a little bit at a time.

Where to Sell

Now it’s time to sell what’s left. With so many apps and sites to choose from, it can be difficult to find what works best for you and the items you’re selling. To help, here’s an infographic that shows some of the best tools for selling items online.

List Your Items

Once you’ve found the platform that suits your needs, it’s time to list your items. Unless you’ve chosen a service such as ThredUp or The RealReal, which list your items for you, you’ll have to do all the photographing and listing yourself.

  1. Step 1: Photograph Your Items
    No one is going to buy a shirt if it’s wrinkled or hardly visible in the photo. If you want your clothes to sell, take time to wash, iron or steam, and hang them before you take a picture. Find a solid, neutral backdrop (a light wall or a white door would work) and bright, natural light.

    If you’re selling other things such as electronics, you should still find a neutral backdrop and good lighting. If your item has multiple parts, make sure each part is visible in the photo.

  2. Step 2: Give the Details
    When listing your item, make sure you give potential buyers all the details. Does it still have tags? Is there a little stain on the back? Don’t be afraid to mention the defects on your item. You’d be surprised how many people will purchase heavily worn or used items as long as they’re still functional.

    Being honest with your buyers will help you sell more items, especially on sites, like Poshmark, which allow your buyers to review you after the sale. The better your reviews, the more sales you will make.

  3. Step 3: Price Your Item
    The 50-30-10 rule is one of the guides to pricing your items. New items with tags attached should be sold for 50 percent of the retail price. Gently worn or used items should be sold for 30 percent, and well-worn items should be sold for 10 percent of the original retail price.

    Selling electronics can be a little trickier. Their value decreases much more quickly than clothing. So, while you may sell an unworn shirt for 50 percent of the original price, an old iPod, even unused, will go for a lower rate.

  4. Step 4: Discount Your Item
    If a while has passed and your item still isn’t selling, try offering a discount. Many selling platforms allow you to advertise a discount; some even advertise the discount for you if you drop the price enough.

    Lowering your price can be disappointing, but getting a little money is better than wasting closet space on items that aren’t selling.

Woman Wrapping a Package to MailShip Your Items

Your job isn’t over once you’ve made the sale. Unless you’re doing a local exchange, you have to pack and ship your item.

Because so many selling platforms ask your buyers to review post-purchase, it’s important to make their entire experience enjoyable. Many sellers wrap their items in nice paper before putting it in a box to ship off. Some even include a small gift.

Not only does this guarantee you’ll get a good rating, it’ll also encourage your customer to buy from you again!

Get Your Money

The way you get your money depends on the platform you choose. If you’re selling locally via an app such as LetGo, you’ll have to make the exchange in person.

However, on most selling platforms, sales are made electronically. Some platforms such as ThredUp and The RealReal also give you the option to receive store credit instead of cash. Still others, such as Poshmark, pay you via Paypal. When it comes to getting your money, these platforms offer more security than sites like LetGo.

Selling your items online can feel like a lot of work. However, the benefits – decluttering your home, reducing stress, and making money – make selling online worth the effort. 

For more money-saving tips, visit our blog!

 

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