eBay, Vinted, and Depop – Where You Can Make £1,000s Online
Households looking to make some extra cash by selling their second-hand clothes now have a chance to pocket more money as reselling sites have eliminated fees. eBay, Depop, and Vinted are leading the way in this new era of online selling.
eBay: A Marketplace Powerhouse
eBay recently waived fees for sellers of pre-owned fashion, offering a vast user base where items can reach more potential buyers. The auction format can lead to higher selling prices, and the platform's authentication service provides confidence for buyers of designer items. However, postage costs are not regulated by eBay, so sellers need to factor in their own charges.
Vinted: Saving Buyers Money
Vinted claims to save buyers an average of £87 per month by providing easy access to second-hand clothing. With no seller fees, users can list items quickly and enjoy features like favoriting and combined postage. Payments are only released to sellers once buyers have received and accepted their items.
Depop: Targeting a Younger Market
Depop is popular among younger, hipper audiences, with sellers making an average of £350 a year. The platform focuses on brands like Nike, Adidas, and Zara, as well as vintage and streetwear items. While there are no seller fees, buyers are subject to a marketplace fee and a payment processing fee.
Tips for Selling Your Clothes
Before listing your items, research similar products online to determine pricing. Take clear pictures and provide detailed descriptions including brand, measurements, condition, and materials. Once a buyer agrees on a price, ship the item out promptly. Remember to follow best practices outlined on each platform's website and consider targeting local buyers through sites like Facebook Marketplace and Gumtree.
