Have you decided to organize your closet and discovered that it’s actually filled with items and clothes you no longer use? Then note that there are actually several ways for you to cash in on them.
Here are four effective ways to make money out of your closet:
#1 Consign It
This is a great way to earn money, especially if you have a designer or high-quality garments that you no longer wear.
The whole process involves entering an agreement with an operator who will sell your items for you for a share of the profits.
It’s a good option if you don’t want to deal with the hassle of selling stuff online, which often involves capturing and uploading pictures and writing product descriptions.
You can just sell the items to a consignment store to earn money right away. All it takes is for you to bring the items you’re planning to sell in-person to the consignment shops in your area.
You will then receive an offer, which you have the option to decline or accept.
#2 Sell Unused Items in Your Closet Online
You can also take advantage of the power of the internet to make money out of the unused stuff inside your closet.
Note that presently, several websites offer to take your used items and do all the marketing and selling for you. You can also sell it on other sites, like eBay and Craigslist.
You actually have several possibilities when it comes to online selling. Just make sure to avoid scams.
Before signing up for a membership online, ensure that you carefully read the policy of the site. Understand the fine print prior to entering any agreement.
If you’re creative then there is no need for you to sell an item as is. You can actually recycle it creatively and transform it into a product that’s guaranteed to capture the attention of your target audience.
For instance, you can transform an old shirt into another nice outfit. Some of the online marketplaces where you can sell handmade and original items are Etsy and Shopify.
#4 Take Advantage of Local Clothing Exchanges
Do an online search to find stores in your area that buy and sell secondhand items.
In most cases, these stores have a great online presence, allowing them to make more money than when they exclusively sell to their local customers.
Research various secondhand stores in your locality and ask them about their policies and rates regarding the clothes you’re planning to sell.
You can also choose to donate the items and clothes in your closet if you have no plans of selling them yourself.
While it won’t give you actual cash right away, it’s still a practical move as it can help you avail of tax deductions.