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Boost Your Summer Stash Of Cash

Jul 18, 2022 Personal Finances

Are you looking to sell items that you no longer need or use? Find guidance on how and where to sell your things to maximize earnings.

Person packs folded clothes into cardboard box

Are you looking to turn your “stuff” into a summer stash of cash? There are plenty of options on where to earn top dollar – you just need to know where to look.

When selling used items online, there used to be only one option: eBay. Not anymore. The number of selling platforms has dramatically increased, improving the overall selling experience.

You can find a high-rated site to sell your stuff with very little research. But before you sell, you’ll want to determine the best platform for selling your goods. For example, selling an old stereo system is different than unloading grandma’s teacup collection or selling clothes. Here are some of the major marketplaces you can examine when searching for the right fit.

Online Auctions & Sales

These sites have higher fees but boast the most traffic on the internet. If you want to boost your profit, consider finding a smaller site with lower fees.

Local Sales

With local sales sites, you’re responsible for handling all details, like connecting with the buyer and making the exchange. Due to the fact you’ll need to meet up with the person buying your item, we suggest using extreme caution in these circumstances. If you’re not comfortable with it, then stick to selling online only. You can, however, arrange to meet your buyer in a public place or have someone go with you, so you’re not alone during the sale.

Clothing

You’ll always find an audience looking for used clothing. Consider consigning or reselling your used clothing, shoes, and accessories online. As you take out each piece of clothing from your closet or drawers, you can take stock by asking yourself these questions:

Before you clear out your closet, spend some time finding where you’ll get the most bang for your buck.

Electronics

Sites like DeCluttr, Swappa, Glyde, and Gazelle are resellers who’ll offer you a quote on your laptop or phone; then you send it to them to resell. The benefit of sites like these is that you can get a quote from each to get the best offer.

Selling vs. Donating

If you’re clearing clutter for cash, the best advice from organization experts is to make three piles: keep, donate, and sell. But how do you decide between selling and donating your clothes and household items? You can ask yourself this question: Will the profit I make from selling outweigh the good feeling I get from donating the item to someone that needs it?

Tips For Selling Your Stuff

When a platform requires you to complete the details and handle the shipping of the items you sell, use these tips to make a better sale and increase the cash you can stash:

Garage/Yard Sales

If selling online isn’t for you, there’s always the tried-and-true option of having a garage or yard sale. They can be a lot of work, but it’s a great way to purge many items at one time. Here are a few tips to help make your yard sale a success:

There are many ways to sell or get rid of items you don’t want or need. One thing is for certain, decluttering your home can have multiple benefits. You get to purge all the “stuff” you’ve accumulated over the years and put a little cash back in your pocket.

Copyright BALANCE

Providers are mentioned for educational purposes only. This in no way constitutes an endorsement or approval by A+FCU. Refer to the external organization’s site for the most up-to-date information as terms are subject to change.

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