In recent research, eBay found that half of Brits throw away items they could sell online to make money. The report estimates that the average UK home has 42 items lying around the house and lurking in murky corners of the garage that could be worth up to a whopping £2,600.
Meanwhile, many of us find ourselves sitting at home with plenty of time on our hands but next to no income. That means now’s the perfect time to declutter and turn trash into cash.
What items can you sell online to make a profit?
When it comes to finding items you can sell online, start with your own stuff. Be ruthless! Raid the garage, the kitchen cupboards, your wardrobe and the loft. Go all Marie Kondo – you could find you’re richer and less stressed after a clear-out. Here are our tips for a quick sale and good profit.
Bikes are a big-ticket item on sites like eBay and Amazon. In fact, thanks to today’s eco- and fitness-conscious consumers (plus current advice to go to work on a bike), it’s a no-brainer. You could get £200 upwards for that old bike in the garage.
Outdoor and sports equipment
Similarly, as long as it’s in reasonable condition, people will pay good money for anything that supports an outdoor/fitness lifestyle. So dig out those skis, that tent and those weights. They could earn you £50 and more.
Tablets, iPhones and video games
Electronics are the biggest sellers on eBay. Furthermore, the average selling price of mobiles and smartphones on the site is £163. Not everyone can afford the latest new items, and many are looking for a budget alternative. There’s a big market for secondhand smartphones and reconditioned tablets, for example. In fact, the earliest UK eBay millionaire made his first million by selling phone accessories from his garden shed.
Video games and consoles are also popular, and there’s even a market for retro games like Amstrad and Amiga games from the 80s and 90s. Vintage items like Nintendo Game Cube System are worth around £50 in working order.
These are big sellers. Kids quickly get bored and grow out of toys, so it makes sense for cash-strapped families to buy toys more cheaply online. Big favourites currently are collectibles like Crayola Scribble Colour and Wash Toy Pets and Crate Creatures. Lego is always popular. The big money is in large collections of old Lego and other vintage toys and collectibles – so just pray your mum hasn’t thrown it all out. Star Wars action figures from the 70s and 80s can be worth thousands of pounds.
You thought you’d use them, but you didn’t and you don’t… pasta makers, bread makers, ice-cream makers, food processors. They could bag you over £50 on Amazon or eBay. Say goodbye.
Books and DVDs
Can you make money selling selling books online? The answer is yes. Amazon still sells twice as many paperbacks as Kindle books, and more than 15 million hardbacks a year. Although the margins aren’t huge, sales are healthy, and some niche books – up-to-date university textbooks, for example – have good margins. Once you’ve exhausted your own unwanted reads, you can pick up wholesale lots of books to sell on.
Popular DVDs in good condition can also be nice little earners, especially box sets; The Lord of the Rings Trilogy: The Extended Collection could bag you around £15, while Breaking Bad: The Complete Series sells for around £10 online.
Clothes and accessories
Coats and jackets are good sellers: the average selling price for coats and jackets on eBay is £48 for men’s and £23 for women’s. Dresses are popular, too. On eBay, the larger women’s sizes sell well and get good prices. Good-quality women’s bags are another money-spinner, with an average selling price of £45. Meanwhile, younger consumers are now buying and selling fashion items on the mobile app Depop.
Where can you sell items online?
There are a number of sites, all different, so check them out and see which suits what you’re selling. To start with, take a look at eBay, Amazon, Etsy, Depop and Nextdoor.
Find a niche
The biggest sellers on eBay are homeware, furniture, DIY equipment and pet supplies, but it’s a crowded market. However, your own items that you sold online to make money could give you a clue. What had the most bids?
Australian eBay millionaires Matt and Amanda Clarkson saw their business take off when they sold their camping cool boxes online and found they were hot stuff. The couple ended up buying them from China to meet demand. A niche means less competition and higher prices.
Do your research
There is an Amazon best sellers page which is updated every hour – so you can check the different categories, depending on what you’re thinking of selling. You can find out what the best-selling items on eBay are, too.
Buy low and sell high
To find items you can buy low and sell high, firstly try local charity shops, car boot and garage sales and local small ads. Secondly take a look at Facebook and Gumtree for online bargains. In addition, you can source items in bulk from wholesalers and dropshippers; there’s a directory of these at eSources.co.uk.
Finally – be canny with cash
There’s an old saying that you need money to make money; so, don’t miss out on extra cash to buy more items you can sell online to make money. Consider transferring your credit card to one with a good cashback offer. Check them out here.
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