This is a guest post. I am currently working on a new guest post policy that is in line with an idea I have about sharing different paths to financial independence. If you are interested in writing a guest post you may still use the old guidelines until the new ones are posted.
Are you looking to de-clutter your home a little bit and perhaps make some extra cash in the process? Cash that could potentially help you build your emergency fund or help to pay down credit card debt. Here are five tricks that I have used successfully over the years to turn unwanted stuff into cold hard cash.
Figure Out Where to Sell It
The outlet you are going to use to sell your stuff depends entirely on what you want to sell. Consider selling big and bulky items on Craigslist to local buyers as the shipping charges from selling nationwide on eBay are going to be deal breakers for most buyers. Stuff that sells really well on Craigslist includes kid’s bikes, play structures, large sporting equipment, furniture, and appliances. Also, another great option for larger items is to host a yard sale. You won’t be able to get as good of a price compared to selling on Craigslist, but you’ll be able to sell more stuff in a shorter period of time.
Smaller items like portable electronics, gently used clothing, DVDs, books, toys, and home decor sell really well on eBay. Determine what dollar amount items might sell for by searching ‘Completed Listings’ within the eBay interface. This will also give you a good idea about what you should be charging for shipping fees.
Take a Good Picture
I can’t tell you how many times I have decided not to make a purchase on eBay or Craigslist because the picture provided by the seller was terrible and didn’t really match the description. This should always serve as a big red flag. Always take the time to snap a simple, well lit photo of the items you are selling. Make sure the photo takes into account any flaws in the item. For example, if you are selling a couple pairs of Levi jeans and one pair has a small hole, make sure you click a separate photo of the hole so the buyer knows exactly what they are getting. Believe me, honesty is always the best policy and will avoid a ton of hassles down the line when you have an angry buyer who receives items that were misrepresented.
Write a Great Description
A good description of the item written by you, rather than copied and pasted from a similar auction is a great way to build your credibility as a reputable seller. Also, feel free to write about why you are selling the item and how you determined the price or starting bid. The more detail you can write about the item the more potential buyers are going to trust you.
Always Be Honest
If a potential buyer has a question about one of the items you are selling always answer them with complete honesty. It is better to have them not buy because you were honest then misleading them into buying and creating huge problems down the road.
Always Protect Yourself
Unfortunately, when dealing with complete strangers you’re going to run into people that want to take the money you rightfully earned away from you. When selling on Craiglist it is important to protect yourself by agreeing to finalize the sale at public place like a busy parking lot. Some items are just too big to haul to the local mall parking lot in which case they will have to come to your home to finish the sale. In these instances make sure you are not alone and meet them outside, don’t let them into your home unless it is totally necessary.
When selling on eBay, protect yourself by using PayPal. Never ship items until the buyer has paid in full via PayPal. Also, it is your prerogative to not accept bids from potential buyer with terrible feedback. You can quickly cancel bids from buyers with a feedback score of zero. Also, when writing your item description I would recommend adding the sentence that you will “not accept bids from buyers with zero feedback”.
Have you had success selling stuff online for extra cash? If so, did any of these tips help you maximize your profits?
Author Bio: Since 2000, Kyle James has operated a site called www.Rather-Be-Shopping.com with specializes in online, mobile, and printable coupons to over 800 retailers.
Photo Provided By: Diana Parkhouse