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.
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.
Before listing items, you must know which items to sell. Starting this process can be difficult! Luckily, we have a trusty process!
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.
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:
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 Game. This 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.
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.
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.
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!
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!
Cash Store's updated website is streamlined to help users access information online about personal loans, installment loans, and title loans.Read More >
Learn the difference between secured and unsecured personal installment loans as we break it down and explain with simple definitions and layman's terms.Read More >
Many Americans are affected by government orders in response to COVID-19 that range from sheltering in place to self-isolating, leaving a lot of people in financial stress.Read More >
*Loan Amount is subject to loan approval. Loan terms and availability may vary by location. Approval rate based on complete applications received across all Cash Store locations. Customers can typically expect to receive loan proceeds in less than 20 minutes; however, processing times may vary.
Loans / Advances are provided based on approved credit. Cottonwood Financial uses a proprietary model to evaluate the creditworthiness of each applicant for credit. Vehicle is subject to evaluation for title/auto equity loans. Please see the Licenses and Rates page for additional product details.
Cottonwood Financial offers consumer credit products that are generally short-term in nature and not intended for long-term borrowing needs. In Texas, Cash Store is a Credit Services Organization and Credit Access Business. Loans are provided by a non-affiliated third-party lender.