I’ll admit it. I do a lot of shopping. But the reason my wardrobe isn’t overflowing with all my purchases is because I constantly sell the items that I no longer want. And then I use that money to buy newer, better things.
Here’s how I make extra cash by cleaning out my closet:
Online. I sell the bulk of my used clothing, shoes and accessories on eBay. My only rule? I need to be able to sell the item for at least $50. Anything less, and the amount of effort needed to photograph the item, describe it, package it, and ship it, isn’t worth my time. I’ve had great success with eBay and I’ve remained faithful to eBay as more and more online resale sites have popped up (like Tradesey and Poshmark, for example). I like eBay because I’ve been able to build up a reputation as a trustworthy seller, and because I’m comfortable and familiar with all of their selling policies.
Offline. When I expect to get less than $50 for the item, I bring it to Second Time Around or Buffalo Exchange. Second Time Around is a consignment company that pays a 40% commission when the item sells. Buffalo Exchange is family-operated fashion resale retailer that buys the items upfront. They offer 30% in cash of what they can sell it for in cash or 50% in store credit. If you take the store credit, you have to use it that day. I typically have great luck with selling J.Crew, Banana Republic, and designer denim at both of these stores.
Top tips for selling:
- Repair your items prior to selling. Stains, holes, missing buttons, and rips are not okay. Buyers look for items in new and like-new condition.
- Launder and iron everything. It will always looks better clean and de-wrinkled. Remember, buyers want items in new and like-new condition.
- When selling online, take multiple crisp pictures of the item, and be sure to describe the condition accurately, clearly pointing out any flaws or signs of wear.
- When selling offline, call your local store and ask what they’re currently buying to get an idea of what they’re looking for.
Unsure of what items to sell? Check out this post for help.