In principle, selling all your undesirable actions for cash is a great idea. In practice, it is sometimes more effort than value. Here's how to determine if it's worth it.
So you've decided to purge some of your old used shit. What a great way to start the spring cleaning season. However, what do you do with those old books, CDs, home appliances (that still work), clothes and that tennis racket that you've never used? Let's take a look at the pros and cons of selling your used equipment versus the donation (or throw it in the trash).
It's like maximizing your returns. You want money for your business, it is a given. But is the time involved worth it? And will anyone really pay for having your old shit?
Here's a quick guide to determining what you should try to sell, give away or throw away. Do not forget that your old garbage can be the treasure of someone else. But for all the treasures of the world, there is a lot more junk, intended for trash or landfill.
Start by taking into account your time (and its value)
Selling things takes time. You have to clean things up, take correct pictures, create a list, write a catchy description, and answer questions from potential buyers. (And let us tell you that some of the questions and requests you will receive from buyers will make you want to tear your hair out.) Then you have to pack the items, bring them to the post office or make an appointment that the # Buyer picks them up (or meets in a public place).
We suggest you write an estimate of the time needed to sell your products. Keep in mind that this often ends up doing more work than you would imagine. Then think about what you will earn realistically by selling these items (keep this number down because people like to haggle the price).
Add up your estimated sales, divide by your approximate time for work and look at the overall hourly rate. If it's more than what you do in your daily work, all the better! If the situation is about the same or a little less, it's probably worth it, especially if you have some free time and you could use the extra money. However, if all of the time and effort gets to the value of return well below what you earn in your daily work, you will have to stop and think seriously if it is worth it.
For some people, every penny earned on an old set of golf clubs or a pile of old Wii games is rewarding. For most people, free time is scarce and it is difficult to rationalize the sale of your old items with a salary below the minimum wage.
Research places to sell
Spend time looking for the best places to sell your particular items. We have broken down some options that you can consider.
Wherever you end up selling your items, take a moment to review similar items listed on the service, noting the "sold" amounts when possible. If a CD case costs $ 50, but similar cases are priced at $ 10, it gives you an idea of the value of your CD case. This will help you decide whether to register or donate if the price does not seem to be worth it.
Do not forget to clean and repair your items first. We suggest grouping items for easy sales, especially online. For example, consider selling all your action DVDs as a set or grouping baby clothes into specific categories, such as all summer clothes of 6 months old. Believe us! it will save time. Most people are happy to pay $ 20 for a baby clothing season instead of $ 1 per outfit or combination.
Here are some popular places to consider when pricing your equipment:
Garage sale: These are not as popular as before, but you can still earn some money if you live in a popular area or if you do a lot of publicity. You can sell all your household items, such as old toasters, books, clothes, etc. Just be aware that you do not get the big price for things that are rare or much sought after, as you would on eBay. (On the other hand, you will immediately get the money in your hand without any shipping problem.)
craigslist: List all your big items here, especially those that you can not send mail across the country, like your old couch. Sometimes local people search for specific objects. So you can also get lucky with rare items. Although everyone is looking for a good deal, do not expect to make a big profit here.
eBay: This is the best place for rare and unusual items. Some people are looking for the missing or broken plaque in their great-grandmother's only China set and may be willing to pay a high price for it. People have benefited from the sale of old collections of comics, abandoned toys and board games, brands of specific sewing machines, and so on. Your "shit" can be worth a lot for someone else.
Amazon: You do not have to be an official store or a seller to list your items on Amazon. It's a great platform to sell your favorite books, CDs, DVDs and video games. They even pay for textbooks!
Decluttr: You can download their app, scan the barcode of your unwanted item and see what it offers you. If you accept the price, they will send you a stamped postage stamp. They take CDs, video games, DVDs, Bluerays, etc.
Used clothing sites and consignment stores: There are many options for selling used clothing online, such as Poshmark and ThredUP. You can also bring your lightly worn clothes to a local mail shop.
Facebook groups: There are many local Facebook groups where you can sell your content, such as Marketplace Groups or Virtual Garage Sale Groups. If you want to sell used baby equipment and clothing, consider joining a local buy / sell / parent exchange group.
When to give it is better
If you have decided that it would take too much time to take pictures and display each item, make a donation.
If you make a donation to a charity, such as the Salvation Army, you can request a receipt later. You can claim the fair market value of donated items at the time of the tax (this only applies if you detail your deductions). Write down the items you have donated and look for the fair market value (see Goodwill's section). Gift Value Guide).
In the end, it may take a few hours to collect your items, drag them to the savings store, and add the total fair market value. But if you're describing your deductions, that might be some of your money in your tax return. Plus, you will get those warm and confused feelings by helping a charity and letting someone use something from your old stuff.
The bottom line is that selling unwanted material takes a lot of time, especially if you list clothes or lots of trinkets. If you want to sell your products, make sure you do not waste your time, even after thinking about your time. And always look for the best platform to sell each item.
And, if nothing else, it is an exercise that avoids the accumulation of things in the first place. Nothing like giving a big pile of things you bought with the best of intentions but you have hardly used.