Published on April 19th, 2012 | by Pete2
Turn Your Junk into Cash
You may not realise it at the moment, but you already have everything you need to start making more money right now. Instead of getting a second job to bring in more income, you could become financially stable by selling your old junk. With the help of the Internet community and sites like eBay, Gumtree, and musicMagpie, you could begin selling by the end of the day.
The merchandise: Finding “junk” to sell
Look around your home, and you can probably find ten items to sell straight away. From CDs to old clothing to furniture that you’ve outgrown, you could be getting rid of it all while gaining two things that all people want — more money and more space.
Some of the most lucrative items that you can sell to pay off debt or build up your savings accounts are electronics. For example, you can take advantage of a culture obsessed with smart phones by selling your old one as soon as you upgrade. The same goes for DVRs, televisions, and laptop computers. Even if you think they are no longer worth keeping, there is a good chance that there is someone out there who knows how to fix them and are therefore willing to buy them from you.
Other money makers include exercise equipment (which more often than not is sold “slightly used”) and household furniture. Smaller items that are worth the sale include designer clothes, jewellery, and collectibles.
The plan: Listing your items online
The best way to make a profit by selling your items is to take a systematic approach. Just because you have two old pairs of skis, one rickety bicycle, and about 200 alternative rock albums that you want to sell doesn’t mean you have to sell them all at once. Especially if you find yourself busy during a hectic workweek or if you’re in debt, you would likely benefit more from selling just a few things at a time. Set a “listings” goal for yourself, such as posting five items a week or ten items a week, and then — this is the most important part — stick to it! Treat your online sales like an independent business in which you will lose customers if you don’t keep your store fully stocked. You’d be surprised how many buyers will follow your auctions on eBay just because they bought or bid on an item that you posted recently.
But don’t just stick to selling on eBay. Although this is a worldwide selling platform that is great for making money off of a variety of old junk, there are other more specialised sites that can make your work go more quickly. For example, you can try sellinggameswithmusicMagpie to get rid of them quickly, which is much more beneficial than listing them one by one on eBay.
There are stories of expert sellers who have used online outlets to make the equivalent of thousands of pounds in a matter of months, and it’s not all smoke and mirrors. Making enough money to pay off debt or to reach the next financial milestone in your life is easier than you may think. All you need is a little extra time, an entrepreneurial spirit, and an account to get you started.