BIG DEAL
I’ve already made £110 in my first week using Vinted & can’t believe how easy it was – here’s how I boosted my earnings
Reporter Olivia Marshall explains how she's already cashed in £110 in just days
WE all love scrolling through online marketplaces like Vinted, but have you ever considered making cash instead of spending it?
I'm a big fan of buying clothes, but I'm not very good at letting them go when I have no use for them anymore.
4
But with a baby on the way and the need for more storage space and extra cash, I started to wonder how much money I could make by selling my clothes online.
With a growing number of apps and websites for reselling clothes, it is now easier than ever to sell second hand clothes online.
With this in mind, I rummaged through my wardrobe to see what I could part with in the hope of making some extra cash.
Why did I choose Vinted?
Vinted is one of the most popular online marketplaces and you can pick up anything from clothes, shoes, jewellery and homeware.
READ MORE IN MONEY
It first launched in the UK in 2014 but only became a household name after the pandemic ended.
It's free to sign up and there are no fees for sellers.
Instead, buyers have a small fee added to their purchases, and they pay for postage on top too.
This is what made it an attractive choice for me.
Most read in Money
What did I sell and for how much?
I started listing my items for sale on Saturday morning.
This is because members are most active over the weekend, according to Vinted, and I wanted maximum visibility to get things gone quickly.
The first thing I listed was my husband Henry's Hugo Boss leather jacket that was now too small for him.
I’m a Vinted whizz and sold my first item after just two hours - my ‘small batches’ tip will have you making sales in no time
The jacket originally cost around £300 several years ago, but it had been barely worn.
As we wanted a quick sale, and based on other items available on Vinted, we decided to list it for £25 and it was snapped up pretty much instantly.
I also sold two mens t-shirts, from Fred Perry and Farah, and got £5 and £2.50 for them respectively.
Among the items I was keen to sell were a Zara silver handbag, a River Island playsuit and a cowboy hat and jumper from bridal website Six Stories.
They had all only be worn once, so I was able to list them as being in very good condition.
MOST POPULAR ITEMS ON VINTED
Vinted shared with The Sun some of the most popular items on the app:
- The autumnal months is when Vinted has the highest activity on the platform
- The company's most “favourited” listing globally was a Bambino Jacquemus bag with over 1,300 Likes
- Most popular colours in the UK include black, white, grey, brown, navy and pink.
- Best-sellers: Clothing within both Women’s and Men’s categories, dog equipment within the pet care category, and books within the entertainment category
They went to four different sellers and I was able to sell them for a total of £35.
I found that Topshop and Topman clothing bought in its high-street heyday sold well on the app.
A pair of women's embroidered jeans sold for £4.50 and a denim mini dress went for £3.
Meanwhile, a my husband's skinny jeans sold for £2.
Below is the full list of items I have sold on Vinted so far and how much I got for them:
- Hugh Boss leather jacket - £25
- River Island sequin jumpsuit - £15
- Six Stories bride jumper - £10
- Six Stories bridal cowboy hat with veil - £5
- Vero Moda women's suede jacket - £5
- River Island silver handbag - £5
- Adidas women's jumper - £5
- Fred Perty men's t-shirt - £5
- Men's Levi's black jeans - £5
- Topsop embroidered jeans - £4.50
- M&S checkered shirt-jacket - £4.50
- Farah pullover - £4
- All Saints men's shirt - £4
- Et Vous grey pinafore dress - £4
- Topshop denim mini dress - £3
- Farah t-shirt - £2.50
- Topman skinny jeans - £2
- M&S women's woolen cap - £2
In total, I have made a whopping £110.50 in the space of a week.
4
4
4
With plenty more clothing items to list, I could be on track to make hundreds of pounds by the end of the month.
It is important to remember that once you have posted your parcel or agreed on a sale the money you made will not go into your account straight away.
Once the order has arrived to the seller you'll receive your earnings within two days in your Vinted balance.
You then have to transfer your earnings from your balance to your bank account.
My top tips for selling on Vinted
When it comes to selling on Vinted there are some important do's and don't's to make sure you're not wasting your time.
One of the main things to make sure you're including in each listing is clear images of the item.
This is one of the first things that any potential buyer will see, so the photos of the garment need to be clear and attractive.
What's in the images is important too.
I recommend using a picture of the whole item initially and then adding more close-up ones after.
Also include photos of the labels and any issues with the item too - it's important to be upfront.
I have also found that listings that include pictures of the items being worn also help the item to sell faster.
You should also make sure to provide concise, but detailed descriptions.
You don’t need to have essays, but you will want a detailed description, as the more information that you have on your listing the more likely you will attract a buyer.
Make sure that the descriptions are honest and that you only list clothes in good condition as you will want good reviews as this helps others build confidence in you and what you are selling
A good description is made up of a short snappy title and also makes sure to include the brand or shop of the item.
Being accurate with sizing is also important.
You can also put bundle discounts onto your profile.
This means that if a buyer looks to buy more than one thing they can get an extra discount.
What bundle discounts do is entice people to look at your other items to get the discount, meaning you sell more.
I haven't given this feature a try yet, but I will definitely give them a go in future.
READ MORE SUN STORIES
Meanwhile, a shopping expert has revealed the five things to always buy on Vinted and five to avoid.
Plus, two savvy shoppers have revealed how they bought a T-shirt for £2 from a charity shop - but resold it for £220 online.
TAX WARNING
SINCE January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You'll only be affected if you sell a certain number of items or earn over a certain amount across one financial year.
Firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over €2,000 (the equivalent of £1,700) - check now if this applies to you.
This is because anyone selling items online might be liable to pay tax if they earn £1,000 or more.
If the money a member makes on online marketplaces over a year is less than the amount they paid for the items they are selling, then there is no tax to pay.
But those "trading" for profit might need to pay tax.
But new rules introduced at the beginning of January mean marketplaces must now pass on seller's earnings directly to HMRC.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
This isn't a new tax. Those who earn over £1,000 have always had to declare income and fill in a self-assessment tax return, but it gives the taxman greater visibility over what you earn.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected].
Plus, you can join our Facebook group to share your tips and stories
Topics