Selling stuff as an afterthought

Who wouldn’t want to earn some extra money? People may consider making a side business of selling old stuff. Measurable success depends on the time and effort put into this effort, and it really isn’t that hard to do.

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Making a profit is possible if the timing is right and the seller has enough time to spare.

However, there is the kicker. Most people are completely exhausted after working all day. Websites used to resell items are quick and painless if someone knows how to navigate them.

Here’s how people can sell unwanted items as an afterthought and make some extra money. People who have enough assets of high value may find this a profitable venture.

What can you sell as an afterthought?

Deciding what to sell initially can be difficult. People should start searching closets all over their homes. The dress that was only worn once is probably hidden in the back.

Clothes and shoes

There are most likely clothes that have outgrown that can be resold for some quick cash. There may also be items that don’t fit and never came back to the store. Any clothing brand can make a pretty penny if not over-worn or overused.

Children’s and spouse’s closets are the most important real estate in the resale game. The chances of them finding something they won’t miss are very likely. Parents can buy their kids something shiny if they complain. Cutting them into profit is another available option.

Digital devices

Digital devices such as phones, tablets, laptops and televisions can bring in some cash. Perhaps there are cell phones that need upgrades in the household. Maybe the TV needed a higher resolution, or a new video game console was a forgotten Christmas present. Whatever devices have improved, their older versions remain valuable.

Mugs and more

Things like cheap jewelry and coffee mugs may seem like items you should take to a thrift store. Smaller priced things can add up quickly, though. It’s like collecting change in a jar. It starts out as a small collection and grows over time as the change is randomly deposited. Then it pays to exchange it for cash because it adds up quickly.

Buying items that can be resold is an excellent perk for someone who enjoys shopping. Reselling is quite profitable when things are found on sale and sold elsewhere for market value. Electronics like video cameras are good to run because they have a higher profit margin. Lower-priced items offer a return, but can take a while to collect. Patience would be a virtue in this situation.

photos

Are there aspiring photographers in the crowd? What about those who once were but trying to give up or change career goals?

People can make some money by taking beautiful photos and selling them to websites such as iStockPhoto and Shutterstock. They use images for advertising purposes and have a gallery that writers can choose from to use in their content.

People who don’t have photos available can brainstorm some ideas, grab a camera from a local pawn shop and click that hatch. Creative and fun images are likely to develop that can bring in some cash.

Where to sell?

Some websites are specifically tailored for specific items. Other sites offer a wider variety of things. Knowing where to list items is critical to seeing the most significant return on investment.

eBay and Amazon

Sites like eBay, Craigslist, and Amazon are pretty universal. Users can post and sell almost anything from gently worn clothing to old lawn mowers.

Random, cheaper stuff is good to post on these sites if no experienced seller-buyer relationships have been established yet. Without any reviews or built-up trust, consumers are more likely to buy larger, more expensive items from proven and trusted sellers.

deluttr

What about those DVD-boxed sets of favorite shows that have become collector’s items? Other than holding them for a rainy day when the Wi-Fi goes down, what’s the point of keeping them?

Used CDs and movies probably won’t make the seller rich, but they will add up over time.

Decluttr is the best site for movies and music. Getting rid of media that is no longer used can also be good for the soul. Getting rid of these items that just take up space can make a huge difference and free up an abundance of space.

ThredUp and Poshmark

Pricing clothes to sell is difficult when resale is something new. Sites like ThredUp sort and price items take a larger percentage.

These companies even send a prepaid shipping label and a clearing kit for people to put their clothes in before shipping. In addition, they have style experts who check for quality and authenticity and a payout estimator to give a general idea of ​​what to expect.

Poshmark is ideal for more luxurious clothing and jewelry, but also sells household items. Certain brands sell faster than others, such as Adidas and Louis Vuitton.

NFL jerseys are a popular item for men. How it works is relatively simple: people start advertising items on Poshmark’s website. The company sends a prepaid shipping label when the product is sold and deducts its fee from the stated price. The seller gets to keep an 80% profit on sales over $15. Poshmark has a flat rate of $2.95 for anything under $15.

How to sell

Knowing how to get stuff seen by the people who are likely to buy it is vital. Advertising experts and marketing gurus have no problem bringing their products to the attention of viewers on a large scale. So think about how they market their articles and how they will appear to viewers.

Sellers must first identify their target audience. For example, which age group or gender will want the product the most? Once this is established, sellers will better understand how to market the product and which sites are likely to work best for that particular item.

People should make sure the items are in good condition with detailed description. The more information the seller can provide, the better the items will perform. Consumers appreciate the extra initiative and the timely responses to their questions. Taking good pictures is also crucial. Sellers may be surprised at what great lighting and a good retail background can do.

Sellers need to build trust with transactions. They can start small and work up to more expensive items, establishing a reliable foundation in any location chosen. Buyers will be much more likely to buy expensive items with good reviews from others.

Most ecommerce sites that sell stuff will send paid postage to ship the items to them or the buyer with instructions on how to do this. Poshmark is like eBay, where customers can bid on things they want to buy, and sellers can counter-offer. That makes it fun to sell things through them.

When to sell?

Knowing when to post items online that are most likely to sell is key. Something posted too early or too late can get lost somewhere in the feed and not be seen by people when they need it.

Most buyers are not in the market for wool coats in June. Sellers should do some research and find the most popular items people are looking for based on months of the year. This helps people determine what to post and when to earn the most capital.

Invest profit

People who sell their items online need to save and invest. Maybe the gig was needed to pay bills, and it worked. The next step should be an investment account.

Sellers with a passion for the environment can start investing sustainably. These investments are about putting money into accounts that do good in the world. Raising awareness of climate change and combating social injustice are some opportunities that could align with sellers’ goals.

Cryptocurrencies are another way for sellers to invest their money. People shouldn’t use money they don’t want to lose. The idea here is to invest in something that can yield more profit. Crypto can be a fun and profitable investment for some.

Setting up a retirement plan, 401(k), or Roth IRA is an excellent way to save and invest money. People may consider getting an account if they don’t have one because of their work. It is imperative to have one of these for future success. Money can be taken out of IRAs or 401(k)s in retirement, so it’s not the same as saying goodbye to money. Individuals can see it as an investment for the future.

Go for it

The income from selling stuff as an afterthought can be gratifying. By following the tips above, you will ensure that resale is done correctly and that people get the most profit they can. In addition, the current economic climate is driving more people to look for extra cash, and starting a side job to clean out closets and reduce clutter is an ideal way to make some money.

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This post Selling stuff as an afterthought was original published at “https://www.entrepreneur.com/article/430747”

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