How to make an extra £150 a month by getting rid of things you already have in your wardrobe

WE'RE all keen to make extra money – especially when the costs of living are rising on almost a daily basis.

And while eBay has always been a popular way to get rid of clothes and accessories you don't want anymore, there are now a whole host of other websites you can use to sell your unwanted items.

Depop and Vinted are perhaps the most popular ones to sell on.

Depop has more than 21 million users and is designed similarly to Instagram, meaning that it's easy to use if you're a first-time seller.

You'll have to pay them 10% of the product sale price though, along with Paypal fees.

Fiona Short, the owner of Depop shop Fifi's Closet, explained that she makes between £2,500 and £3,350 a month selling on the app.

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“It doesn’t necessarily just focus on clothing, or the selling of clothes, she told the New York Times of why it's her platform of choice.

"It focuses on music, fashion, art … mental health, and sustainability."

There's also the option for sellers to swap things with other sellers.

Vinted has around three million users, and sellers can create an account and list their items for free.

The fee is taken from the buyer, but sellers don't get their money straight away – the buyer has to confirm that everything is ok with the order before the balance is transferred.

Top tips for selling on eBay

NEW to eBay? It’s head of secondhand, Emma Grant, reveals how to optimise your listings:

  1. Use key words – eBay automatically filters listing titles for key words, so it's crucial to use the terminology people search for – especially brand and product names.  
  2. Choose the right category for your product – It might sound obvious but it’s important to always choose the most specific category to sell in.
  3. Pictures are important – Most users will not bid on items they cannot see. For best results, take photos in natural light against a neutral background and be honest about any scratches or damage to the item.  
  4. Be as detailed as possible – Be honest about the condition of the product and be sure to note any wear and tear.
  5. Look at past sold items–  eBay has a function that allows you to search for the item you want to sell and then filter the results by sold items. Here, you can view the price the item has sold for and get insight into how others have listed it.  
  6. Selling Sundays – Get the timing right. The busiest time for buyers is Sunday evenings, so schedule your listings to end around that time. Opt for seven-day auctions to ensure the max number of bids. The longer your item is listed, the more chance of people seeing it, so unless it's time-sensitive, pick seven days.  December is the busiest month on eBay.
  7. Be realistic with pricing – Try searching for similar items on eBay, to make sure you’re going for the right price and always ask yourself "would I pay this price for this item?"
  8. Donate to charity – When listing your item, consider donating a percentage of the sale to a cause of your choice – from 10% to 100% – you can donate the funds raised from your item straight from the platform. 

But, like Depop, uploading items is incredibly easy, and sellers also have the option of creating bundles for sale as well.

According to Vinted’s Chief Executive Thomas Plantenga, you can expect to make an impressive average of around £150 a month by selling on the platform.

Lara Joanna Jarvis, who sells on the site, also advises taking your time when taking pictures for Vinted, so that you can properly advertise the items with the right colours.

As previously mentioned, eBay is still up there with people's preferred way to sell.

But the downside of listing on the auction site is that you can't guarantee a price, unless you set a reserve.

You also have to pay eBay 10% of the final sale price, as well as paying to list once you go over the monthly £1,000 limit.

Another much-loved way of both selling and buying is through Facebook Marketplace.

Buyers can filter items by location, price and category, and then can contact the seller directly.

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By doing this, it avoids anyone having to pay a fee.

It also means that local sellers are able to avoid paying delivery costs.

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