Earn Some Extra Money This January
With everyone feeling that January pinch, it's time to look at what else we can be doing. We are all doing the obvious of looking around for the cheaper options. Finding areas we can cut a few corners and save some money. What we don't often look for is other revenue streams that bring in some more money. With all these people having such success with online selling how could you ignore such an opportunity? Why not join the millions of people online in selling your unwanted goods.
Is It Really That Easy To Make Money Online?
Sometimes when we are looking for ways to earn some extra money we get lost in the complications of it all. When the reality is that it doesn't need to be that complicated. When you are considering what you want to sell you can look at it two ways. You can either start by doing a clear out of all your items and seeing if you have anything worth selling online. Or you can hold onto your personal items and consider upselling items you find.
Buying and selling on Preloved is easy, just make an account and start searching or selling. Then by upgrading your membership you can unlock a more tailored experience. Not to mention with Preloved's new boost membership, you can get the best from your selling experience for as little as £2! It really couldn't be easier unless we did it for you! Learn more about our new boost membership and it's benefits here!
Selling or Upselling?
Have you ever walked into your local charity shop and spotted a steal! Something that you don't need to buy but can't believe it's at such a bargain? Then why not buy it? We aren't saying to clog up your house with unwanted items, but you could look to upsell it. Maybe the best way to look at this is to start by selling your own items that are clogging up your house, and then look at upselling one or two charity shop steals.
Many people wonder about if you can legally buy and resell used items, and the answer to this is, of course! Once you have bought an item either from the high street, online or second hand it is yours to do with it what you please.
Important Tips To Take Into Account
Whether you are clearing your wardrobe out or you are upselling items you find, there are a few tips you must remember. Whilst these can be a great way for you to make some extra money you need to keep track of how much you are making. If you start to bring in a serious amount of money then you're going to need to start paying tax on it. Check out the government website to run a self-assessment tax return.
It's also important to be an honest seller. You might have noticed a slight snag on the sleeve of a jumper or a scratch on the top of a dresser. If you want to get a good reputation and repeat buyers then it's important to list any faults your items have. This means when you're listing several items the members coming to you trust your service.
Some other tips to make money online:
- Sell Your Unwanted Gifts With Preloved
- Preloved’s Top Tips For Buying and Selling
- Unwanted gifts – Swap, shop and sell
The Best Way To Upsell Items And Make Extra Money
Now that we have talked through some of the important tips and what upselling on Preloved could look like here are some of the best ways to upsell you items.
- Shop around with a clear idea of what you want to buy and sell - we'll go through some good items to sell below;
- Be sure to check the market value, for both buying and selling. You don't want to be buying something thinking it's a steal when in actual fact you're paying above the odds for second hand. Then when it comes to selling it you don't want to set an unrealistic price for this used item.
- List them as soon as you can and with high quality, well light photos. Be sure to show off your product in it's best light - literally.
Items To Sell
In such a saturated market you really want to make sure that you establish what you will be selling from the get go. Here are some of the popular categories we have for classified items on Preloved to help you find your way:
Branded or Vintage Clothing; Furniture, both simple and unique pieces; Pet Accessories; Baby Items; Bridal Items; - Automotive Items or Vehicles.
