A proven way to make money is to sell things you already own. But the growing variety of selling platforms may have you wondering where to sell. And some sites are definitely better than others, especially when trying to sell specific products, such as clothes, rare books, and electronics.
Here’s our alphabetical guide to where to sell what you own, whether it’s toys, furniture or jewelry.
Abe Books is a national retailer specializing in rare books, classics, first editions and manuscripts signed by the author (or famous contemporary). It also sells vintage magazines, comics, and art.
If you have really valuable and rare books of any type, this is a great place to list them. A 1965 paperback edition of “The Lord of the Rings” trilogy, for example, is listed on the site for $665. These books are well used and only a collector would know they shouldn’t be sold at a garage sale for 50 cents each. But that’s exactly the type of buyer Abe Books is looking for.
However, selling fees can be high. To sell anything you need to pay at least $25 membership fee. Sales are also subject to commissions and credit card processing fees.
Craigslist is inundated with scammers who will try to buy your stuff with fake checks. It’s also full of bargain hunters, who want everything for free or at a ridiculously low price. And yet, it’s still a great place to sell a used car.
After all, it’s the largest classifieds site in the country, attracting a lot of legitimate buyers, as well as scammers. And determining the right price to ask for a car is easy. Simply go to KBB.com and enter the year, make, model and condition of your car. The site will offer a relatively narrow price range for sale to a dealer or an individual. Using Craigslist in combination with KBB gives you the best of all worlds – reliable pricing and a vibrant local market teeming with buyers. KBB also offers “instant cash deals” for sellers willing to enter the VIN of their car. So you have an easy fallback.
If a Craigslist buyer is willing to pay as much or more than KBB recommends, you can have a deal. But be smart. Sellers should require cash-only purchases and meet in a public place, possibly your repair shop. Do not let go of your keys without payment.
Clothing, shoes and handbags
There are many sites that offer to sell your fashion – from clothes, shoes and handbags to belts, wallets and watches. However, the site that stands out to our readers is Poshmark. It invites sellers to create a “closet” and connect it to your social media accounts. This allows you to widely distribute your inventory to followers who like your style. Construction costs are 20%. But Poshmark provides the shipping label, so the cost is not irrelevant.
Dozens of sites would also love to trick you into selling them your old iPhone, Mac, Android phone, or laptop. However, only one of these sites – Swappa – allows you to negotiate directly with buyers. The other sites act as middlemen, buying from you and reselling later for a profit. By cutting out the middleman, the seller gets more, even when the buyer pays less. It’s an economic win-win, but it takes a bit more time and effort than selling to a middleman. So if you value your time, only use Swappa for more valuable items, such as the latest iPhones and Macs.
Good options when you want to sell quickly include TheWhizCells and MaxBack.
Furniture, Expensive and Expensive Items
Amazon and EBay, which sell everything from action figures to heavy machinery, attract hundreds of millions of buyers each month, making them ideal sites for selling high-priced products, such as perfumes, designer makeup and cosmetics. expensive items that may have limited local appeal. .
EBay is particularly attractive because its fees are straightforward – 10% – and the site at least tries to stamp out “seller extortion”. This is when buyers make false claims about products to get discount or freebies.
Amazon fees vary widely – ranging from 8% to 45%, depending on what you’re selling. So it might be a good idea to compare the cost of selling your particular product before committing to either site.
You can sell small household items, such as coffee makers, paperbacks, videos, and children’s toys, at a garage sale. Or you can do the equivalent online and list it for sale on Nextdoor. This social media site allows neighbors to communicate about lost dogs and crime. But it also lets you list personal items for sale for free.
Two sites are worth mentioning if you want to sell jewelry: Worthy advertises itself as a great place for divorced and estranged people to sell expensive engagement and wedding rings at auction. However, since many buyers on the site appear to be professional buyers, Worthy may sell the stone in your ring better than the ring itself. One of the constant complaints from sellers is that the site will ask if they can remove the stone from your jewelry to have it appraised, which sometimes ruins the setting.
Meanwhile, Circa Jewels offers to buy luxury watches, diamond rings, bracelets, brooches, etc. The company buys these items to resell them, so it does not take any fees or commissions. But he’s going to offer you less than he expects to receive. So don’t expect to get as much as you think the item is worth.
Kristof is the publisher of SideHusl.com, an independent website that reviews money-making opportunities in the gig economy.