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How to make money selling your unwanted items

Here’s what you need to know about starting a side hustle of reselling second-hand items.

If you’re looking to get into the resale game, here are some ways to ensure you’re getting the most bang for your buck. 

How to make money reselling your stuff

What to sell 

The first step is to go through your home and collect the items you no longer want. This allows you to dip a toe into the resale world without making the financial commitment of buying inventory for your side hustle.

It’s also a good idea to ask your friends and family if you can sell their unwanted items. Many people have gently used clothes or home goods that they want to unload, but don’t want to do the work involved with posting them online.

“Whatever you make, invest it back into the business. That’s how to get started without investing capital at the beginning,” 

When you’re ready to take the next step and buy items to resell, there are a few things to consider. Whether you’re buying from a thrift shop, garage sale, estate sale or online marketplace, be sure to source items with lower prices. Resist the urge to overpay for an item, even if you believe it may resell for more. You can’t be certain the item will provide a positive return on your investment, and purchasing it at a low price allows you to make more money or pass on the discounts to your customers. 

How to sell

Choosing the right price for your items can feel like a daunting task, so it’s important to go online and compare the prices of similar items. “Market research is important,” 

While the instinct may be to price an item low to attract buyers, This  could limit your earning potential. “When people buy [used] items, they always have the expectation to haggle, so give yourself room for haggling,”. “If you buy something for $200 and you want to resell it for $300, after haggling you may be down to $250, so give yourself room for negotiation.” 

The most successful online resellers also know that presentation matters. Photos of the items you want to resell should be clear, well-lit, and cropped.  When it comes to clothes, take a few pictures wearing that dress or suit you’re trying to resell. People like to see how clothing fits and are more likely to buy if you model it for them.  

Remember that transparency is paramount when listing items to resell. “Show pictures of the defects. People complain if there is a Knick or pen mark they didn’t know about, and that can lead to it being returned,” 

Where to sell 

No matter who you are or what you collect, there is a platform out there for every kind of reseller.

Bottom line 

There has never been a better time to dip your toe into the world of reselling. Start with the unwanted items in your home, source low,  and be sure to research the going rate of similar items online before locking in your prices. 

Lastly, have fun! The reselling community is dynamic and growing. There is room for everyone to participate and make money. So before you give those secondhand items away, try listing them online, and good luck!   

Click here to get instant access.

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