Image by RussellReno
All of us have “stuff” we no longer use. Be it clothing we no longer fit in, books we no longer read, furniture that collects dust because we upgraded to something else or baby gear and clothing we’re holding on to simply for sentimental reasons.
Decluttering is not only great for making your home and living space more inviting, but it’s also a great way to generate quick cash in order to pay off a bill or have cash set aside for birthdays or Christmas gifts. The key is to have a purpose for your soon-to-be generated cash in order to make sure it’s used and not just wasted on your next “want.”
So if you’ve been contemplating selling some of your “stuff” but don’t know where to start, here is a list of places you should check out:
Yes, Facebook is a great starting point in order to liquidate furniture, clothing, baby gear and more. Since you most likely have a network of local friends on facebook, all you have to do is take a quick picture, post it with a brief description and tell those who are interested to contact you privately to arrange a pick up or delivery. The beauty of social media is that your friends also have their own friend networks, hence they can help you spread the word!
Yard sale with a twist
Yard sales have been around for ages and we all know that it’s one of the quickest ways to generate extra cash (even upwards of $500), it just requires some work on our part. If you have children who are eager to generate income, why don’t you partner with them and do a yard sale with a refreshment stand! Since yard sales usually happen early in the mornings, many of your visitors would appreciate a cup of coffee and a quick snack (muffin, donut, etc.) Make an arrangement with your children to help you prep for the yard sale, help them by investing upfront in the refreshment stand and ask them to man the stand. After all is said and done, share the proceeds (based on the mutually agreed upon terms.) You may be pleasantly surprised to know that the refreshment stand can generate quite a nice sum, it may even beat your yard sale income in some cases!
*Quick tip: make sure you find out whether your town requires a permit before you host a yard sale. These are usually very inexpensive.
Amazon / eBay /Craigslist
If you’re looking for an online solution with a paygate, your best bet is to use Amazon or eBay. You do need to be slightly tech savvy in order to take advantage of both solutions. What you’ll need is a few photos, detailed descriptions of your item and shipping information. Once you sell your item, you will pay a certain % to either eBay or Amazon – as their commission. With Amazon you should expect to pay $0.99 per sale plus few additional fees (if you sell less than 40 items a month.) Another option for those looking for a slightly simpler online solution would be Craigslist, where you pay per listing, and the cost depends on what type of an item you’re selling. If you’re listing a car, you’ll pay $5 for example. Be mindful of schemers that target Craigslist users!
If you’re willing to wait a while to get your money and you really don’t want to do the work to put together a yard sale, then visiting your local consignment store may be what you need. You will need to make sure that your items are in good shape, and you’ll have to be willing to part with close to 50% of the asking price, since that’s what many consignment stores are charging for helping you sell your items. Depending on where you live, certain clothing consignment stores will allow you to exchange your clothing for store credits so you can get a new wardrobe right from the store, without having to pay for it. This is a great option for those who want to renew their wardrobe without spending the money.
Goodwill or Salvation Army – donation option
If you absolutely do not want to put any effort into trying to sell your items, but still would like to generate some revenue, you can drop your items off at Goodwill or Salvation Army and receive a charitable donation receipt, which you can claim during tax season. This option will not give you immediate cash but will allow you to declutter while still receiving “something” for the items you no longer use.
So take your pick, declutter, and let your budget enjoy some additional revenue!
Oh, and here is a fun infographic with great stats on yard sales – for those of you who love buying and selling at yard sales.