Raise Extra Money by Selling Your Stuff
If you are short on cash, you are looking for a way to raise some fast cash, or you need extra money to put towards your debt snowball, you may want to consider selling some of your things. Selling things you don't need or use is a great way to raise cash for things you want to do but that you do not have the money for in your budget as well. It is important to consider the best way to sell the items at the best price and choose the right venue for selling your items.
Choosing a Yard Sale
A yard sale—also known as a garage sale or a rummage sale—is a great way to earn a lot of money in one day. You should have a lot of items to sell, and they should vary from some bigger ticket items like furniture and electronics to cheaper items. People expect to pay a bottom-dollar price at a yard sale. This type of sale is the cheapest way to sell items like clothes or extra dishes, but it is also a great way to get rid of the stuff you do not think you will be able to sell on a site like eBay or Craigslist. The key to having a successful yard sale is finding the right price point, advertising, and being willing to negotiate. Another option is to use a consignment store.
You may want to visit a few yard sales before you hold your own. This research will let you see how much things are priced in your area. The prices can vary a lot by neighborhood, let alone by location from a larger city to a rural town. If you are new to the area, then you need to scout out a few sales so that you can price your merchandise competitively.
Choosing Craigslist or the Classifieds
Another option is to sell your items locally through Craigslist or other types of classified service. Using a listing site is a great option because you can ask for a bit more, and it allows you to sell the items to a wider range of interested buyers. Again you want to make sure that you are pricing items competitively but high enough that it is worth the time and effort you are putting in.
When you list online, you should be honest about the condition of the product, and provide pictures. If possible, you should meet in a public location and do the exchange there. This public meeting place will protect you from being targeted in the future. If possible, you should ask for cash or money order so that you are not ripped off. This classified listing is a great way to move the larger items that are valuable but would be difficult to sell on eBay but are worth more than you can get at a yard sale.
eBay is a great option if you have a large amount of smaller items or specialty items. You may be surprised at how much you can get for an item. Before you post anything online, you should look at the competitive pricing and value of the item, and then price it accordingly. You want your items to sell, so you do not want to post too high of a bidding price. Also, you may want to use the Buy It Now option that eBay offers. This option allows you to set a price and skip the lengthy bidding process if you want to. Many customers prefer this option anyway.
If you are doing eBay, you may want to use a service such as PayPal to protect yourself. Additionally, you will need to make sure the item description and photos are well done.
Some people will group similar items and sell them on eBay. One example is putting together lots of name brand children’s clothing or sets of DVDs. In some cases, you can get more interest and save time on shipping by putting lots of similar items together. This method may also appeal to buyers.
There are many other ways to sell your stuff, including on websites and apps that act as virtual marketplaces for your geographical area or types of products, such as Poshmark for clothing. Be sure to check them out as well.