If you're like many Americans, the start of the new year means spending time cleaning up your house and cleaning closets and drawers that fill all year round. This can even include some unwanted Christmas presents for those who haven't found a place yet.
If you resell your junk items, cleaning your house can add additional dollars to your 2020 budget.
Here are five strategies that buying and reselling experts recommend so that you can make the most money on all the items you want to separate from.
1. Clean and repair before sale
The clothing you want to resell must be intact and according to the season. "He is likely to send fewer swimsuits and summer sandals in January," Make It Sam Blumenthal, spokesman for the thredUP resale website , told CNBC .
Make sure the clothes are clean and in the best possible conditions. "We recommend washing or vaporizing your items, removing stains and repairing items such as loose buttons," says Blumenthal. "Being impure is one of the main reasons why articles are rejected."
Even if you sell used equipment, it doesn't hurt to quickly clean your previous phone or tablet to show the original status.
2. Understand how it works
If you're new to the resale game, take some time to explore your options. There are dozens of popular resale websites and applications, including everything from general attractions like eBay , Facebook Marketplace and Mercari to specialty clothing websites like Poshmark and thredUP , technology centers and devices like Decluttr . This complements the more traditional outlets such as resale and consignment stores.
No matter where you want to sell your business, you need to understand how the sales process works and how you get paid. Poshmark gives you the opportunity to set your prices, while thredUP determines which clothes you accept and which price your team is likely to sell better.
There are costs associated with using these services, usually through lower initial payments, commissions or fees. When items are sold at Poshmark for $ 15 or less, the app charges sellers $ 2.95. Anything sold for more than $ 15 gives the application a 20% commission. In comparison, eBay typically charges 35 cents for listing most items (the first 50 items are free), and although commissions vary, most eBay sellers pay approximately 10% of the final cost of the item.
You can also find out how much time the process takes on average for different services and how much time it takes to sell the products. Currently, thredUP estimates that processing orders takes approximately two weeks, or you can pay an additional $ 16 to ensure that processing takes place within a week.
In Poshmark, the calendar can vary significantly as it is a social sharing application, says Lauren Greutman, a frugal life expert and founder of LaurenGreutman.com , at CNBC Make It. In order to sell an item quickly, you need to share it with your account subscribers during the day, she says. Poshmark also has several "Posh Parties" a day that organize sales for certain types of items or brands. If your ad comes from one of these sources, it's more likely to be sold.
"EBay is easier in the sense that you can list it and forget it," says Greutman. "Poshmark takes longer because you have to share your articles with your subscribers during the day to sell them quickly."
3. Discover what sells best
If you want to maximize your potential income, you need to know which items and brands sell best. You like this particular skirt from a popular Instagram brand , but that doesn't mean it's sold.
For those considering thredUp, the service provides the seller with a practical guide describing the types of clothing that are currently considered fashion items, e.g. B. fashion sportswear, designer shoes and bags. According to Blumenthal, the most popular brands at thredUP include The North Face, Lululemon and Kate Spade as well as luxury brands such as Gucci, Prada and Burberry.
Generally speaking, Greutman says that brands that have a "cult" like lululemon and anthropology are almost always easy to sell. Current styles are also a good bet. To find out what sells best, Greutman uses the Web shopbop.com website and see what they have listed. YouTube also has plenty of brand tutorials to look for, he adds.
During the last Christmas season, Decluttr reports that the best-selling technology products are phones such as the iPhone 8 Plus, iPhone X and Samsung S9, as well as the Apple Watch Series 4 GPS + Cellular 44 and the PS4 gaming system (500 GB). "It looks like players will take advantage of high commercial prices," said Liam Howley, marketing director at Decluttr. This would likely reduce the cost of these systems as new versions go on sale.
If you want to download an old phone, visit SellCell.com , where the prices of all major US cell phone buyers are compared. The site offers an easy way to compare prices, but only on cell phones.
4. Determine how important convenience is for you
When it comes to selling your unwanted items, you may have to do a lot of work to really get the most money for your business. If you want to download things quickly and easily, you may not get the best price.
Many websites and resale applications are designed for ease of use. "It is important that sellers consider that thredUP is the most convenient place for women to clean everything in their closets, from GAP to Gucci, not necessarily the place where they make more money (because thredUP does all the work for you done! "explains Blumenthal.
Many technology-based resale websites focus on convenience rather than the best possible price. With TargetTrade-In.com you can exchange your unwanted electronic devices, from cell phones and tablets to game consoles and voice speakers, for a Target gift card. However, an unlocked iPhone 6 with 64GB of working memory only gives you $ 13.76 on the website, compared to $ 59 on Decluttr.
5. Create a specific and attractive list
When using a resale website or application where you create the ad, it helps to be as specific as possible and give potential buyers a clear idea of what they're buying. That means writing vivid descriptions, giving exact measurements and publishing lots of beautiful photos. Especially on eBay you have to have really good photos and the right keywords to highlight them, says Greutman.
In fact, the photo is probably the first interaction a potential buyer has with your item. If it is dark or discolored, or if the item does not look attractive, no interest is aroused. "It is also important that you have good lighting," says Greutman, adding that he also includes measurement data in all of his displays. "It helps them sell faster," she says.
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