Turn your closet into cash in just 3 easy steps!

Hi everyone! I hope you all had a great weekend. 

Today we’re going to talk about the many ways you can turn your unwanted items into money in the bank. Some of you may already be familiar with some of the tools used to do this, but you might also learn something new!

Step One: Assess your wardrobe.

This is the part everyone hates, but it of course has to be done to reap the rewards! Clean your bedroom, clean your closets, make a pile of what you want to keep and get rid off. Once you’ve done this, examine the items you want to get rid of – are there any stains? Any holes? Any other faults? If so, that doesn’t necessarily mean it’s not sell-able. It’s up to you to assess the damage and figure out if it needs to be tossed, or if minor repairs can be done – in which case, most buyers I’ve found are likely to purchase the item anyway, but typically only if given a discount. How much of a discount, this is also your call.

Step Two: Decide where to sell.

I personally use a variety of online outlet to sell my items. These are the ones I am currently using.

Ebay: I’m sure we’re all familiar with Ebay. It’s reputable, it’s fairly easy, and the feedback option helps you to know who is good to sell to and won’t mess you around. The only downside is, their fees take a good chunk out of your final price, and if you’re selling because you really need the money then paying a fee isn’t ideal.

http://www.ebay.ca/

Kijiji/Craigslist: These sites are basically the same thing. You can pick your city, pick your selling category, and basically post up anything you want to sell for free. However, you make arrangements to meet up with the buyer to make the transaction, whereas most of the other outlets I’m talking about requiring shipping them out. Make sure you are able to meet with someone if you have agreed to sell something, don’t be that guy who bails.

https://www.kijiji.ca | http://www.craigslist.org/about/sites

Facebook: This is currently my most-used selling area. You can create albums of the things you’re selling, and share them with your friends list. You can create an event, and hold item auctions within posts on that event, like your own personal fee-free Ebay. There are also local buy/swap/sell groups, sometimes for specific items and sometimes just for anything at all! I’d be lying if I said I hadn’t paid rent before purely by selling lightly-worn clothing through Facebook. It really does work!

Step Three: Complete the Transaction

Once your listings are up, you have to stay active online. Emails, comments, messages should be able to be replied to within 24 hours. If you didn’t include photos with your listing, send photos of the item(s) to any interested party that inquires. if you’re doing a deal in person, be sure to be on time – and if you don’t know them, always choose a public place! If the sale requires you to hit the post office, be sure to do so on your agreed date. I typically take photographs of the package and send it to the buyer, just for piece of mind (and include the tracking number, if they have paid one). I also recommend PayPal be used as the method of payment, for those transactions in which there isn’t any real-life meeting. They charge a small fee to the seller, but this way you are both protected in case anything goes wrong.

Soon you’ll be getting rid of all the unwanted items taking up space in your home, and turning it into cash!

Advertisements