The majority of people in Britain are worried about the crisis of life. Rising energy, fuel, food and other bills with fugitive inflation have thrown them into their potential financial woes two years after the epidemic.
One option that many are considering is to sell items in the vicinity of their home no longer need to help them meet the end. Many have garages, elevators and rooms full of things that collect dust.
According to new research from eBay, an average family can easily make £ 1,000 net by selling unwanted items.
Nearly four in five UK households have already started selling or considering old items to combat the rising cost of living, with older technology and musical instruments being the most lucrative second-hand items, data claims.
Sell your stuff! Older gadgets online can net you an extra £ 500, as research has shown that most Britons want to sell their old items online to increase their living costs.
If you are considering cleaning the house, don’t be tempted to throw the unwanted things in the landfill, as you can make money from things you don’t need anymore.
Passing, reusing or selling your old clothes, furniture and books is not only good for the environment – it can also boost your bank balance.
The online resale market is expected to grow faster than the traditional retail market in the next decade as buyers become more environmentally conscious. More and more people are turning to second-hand items.
From dust-collecting musical instruments to older laptops that have been upgraded – there are plenty of things you can do to extend the life cycle of the item, both to make money and to resell it elsewhere.
Research on eBay suggests that your older laptops could be worth up to £ 290 through online retailers, including your lockdown hobbies or projects that you no longer use to bring in up to £ 300 – including skateboards and garden tools.
|You can get up to নেট 1,106 net if you sell your unwanted items online. Here’s how:|
|Laptop||£ 290||Baby books||11||DJ equipment||£ 68||Clothes, shoes and accessories||£ 36|
|Printer||29||Baby Carrier / Backpack||£ 32||Skateboard||23 lbs||Rugs and carpets||28 lbs|
|Smartphone||153||Pushchairs and prams||£ 40||Musical instruments||£ 137||Vintage and antique jewelry||£ 39|
|The camera||£ 48||Children’s furniture||22 lbs||Garden tools and equipment||19||Cooking utensils and dinner||22 lbs|
|DVD and Blu-ray||£ 8||Nursery bedding||£ 12||Piano and keyboard||69||Photo frame||£ 40|
|Used Tech Total||£ 528||Baby items total||£ 67||Old Hobby Total||£ 316||Home clear-out total||£ 165|
In addition to selling items in the vicinity of homes, more than 55 percent of countries will try to spend less in the face of rising living costs.
A quarter of Britons find themselves leaning towards savings, as four out of five adults are worried about rising inflation in the UK.
However, it is both the rising bill and the small and general joy of life that consumers are trying to replenish their pockets to pay for this year, as one-third of Brits expect enough to splurge on vacation after two years of lockdown restrictions.
Although more than 75 percent said they were worried about their energy bills, one in four said they plan to keep extra cash for socializing, eating out and buying gifts for loved ones.
The online auction site reveals that the average British can earn up to 1 1,100 by selling their used clothes, technology and toys.
Tom Nagel, 26, of Southampton, has made an extra £ 600 a month selling his old video games on eBay.
He said: ‘I’m a big proponent of finding ways to reduce costs and eBay not only allowed me to sell special items like my retro video games, but I also bought recently used technology items.
‘You would never think you would find these things on eBay but you would be surprised. So, the money you can make is not only valuable, but also the variety of products used in the offer.
Emma Grant, head of eBay UK’s Pre-Loved, said: “We know people around the UK are worried about the rising cost of living.
And while selling unwanted items may not be the solution to the problem, it may be an effective way to go to the bill or earn some extra cash to contribute to your savings for this summer vacation.
‘Together you can help someone else find what they are looking for, but without the heavy price tag. A win for you, someone else and the planet in the same way. ‘
Tom Nagel (pictured) made an extra £ 600 selling his old video game on eBay last year
Twig: Instant appraisal offer upstart
A new competitor in the e-commerce industry could see dramatic changes in the way individuals sell online.
Twig was recently launched in the UK, allowing customers to turn unwanted assets into instant cash.
The company’s goal is to revolutionize the online marketplace so that users can upload pictures of unwanted items into its app, offering instant appraisals and selling their items instantly.
Cash can then be instantly spent both online or in-store using a Twig Visa debit card – including fees for transferring earnings to a separate bank account.
If you need a quick cash increase, Twig can be an alternative seller to sell your unwanted items faster.
However, several reviews of their app suggest that due to the fast-selling nature of the platform, it may not be the most competitive with the price.
The company says it is sustainability-centric, encouraging consumers to adopt a sustainable lifestyle and make a positive impact as a business, which unfortunately means they won’t accept many ‘fast-fashion’ items to sell.
For the best prices for all your unwanted clothes, apps like Vinted and Depp offer a variety of auction or instant sale options, while old furniture or technology may be the best listed on the Facebook Marketplace or Gumtree.
There are many resale options – what are you waiting for?
I like resale – it’s good for the planet and your wallet, Writes Never go bro Co-author Jesse McClure.
If you are new to selling items around the house, I will start small and not try and list everything at the same time. I would make it a part of your day and aim to earn £ 50 a week or more in the beginning.
Starting at a slower pace will allow you to see which items sell faster, how they can be listed faster but better and it will reduce a task. In fact, it should be fun, selling unwanted items and filling the coffers.
I always say making money is a hobby. You can list items while watching television and gather people as part of your day, as if you were working from home.
I recommend having a secondary current account to divert your sales money so you can see your hard work stack-up.
Some quick tips for selling items online are finding the right keywords, choosing the right listing category, taking clear pictures and making sure you’re setting the right price.
Want to make some extra money? It could help Jesse McClure with Money Deputy Editor Lee Boyce’s book Never Go Brock.
A great place to start is the Facebook Marketplace (you can read 12 tips from Deputy Editor Lee Boyce to use it).
There is no harm in listing items on different websites to attract the best bidders, for example, well-labeled clothing on experts.
We all have a ‘net worth of collection’.
That is, we no longer need the items we’ve accumulated over the years. Sell multimedia that you no longer use. Dig out those old video games and consoles. Assume that everything you have is worth it.
I use a simple level system. At the first level I will sell really good quality items to experts, auction houses or antique sellers. The second tier – which makes up most of what people have at home – should be sold online.
If your second level item is not sold (I will set a deadline so you can clear it), the third level is selling a car boot. The bottom layer is basically a reusable value.
When you start selling items at home, you can get bugs. In Never Go Broke, this is why we have three steps.
Number one is creating a resale pot from somewhere: selling items from your home, making cash from the trash, and using your talents, among other things.
The second step is learning a resale blueprint from my more than 20 years of buying and selling experience and the third step is the practical place to use your resale pot and reinvest it for more profit.
Times are tough. Resale can help keep your head above water. It can be incredibly fun.
Some links in this article may be authorized links. We can get a small commission if you click on them. It helps us to fund this is money and keep it free to use. We do not write articles to promote the product. We do not allow any commercial relationship to affect our editorial freedom.