We all have those items that we hold on to way
longer then we need to, though we often don’t want to admit it. Yet, as you’re reading this, you probably have a set of unused pots and pans in your kitchen, an empty end table that is sitting in a corner, or a pile of clothes that you no longer wear. You can always bring these items to Goodwill or donate them to charity (which we are definitely not against). However, if you’re looking to earn some extra income, here’s some alternatives to consider when you need to get rid of unused items:
Sell on Local Websites or Apps
In recent years, many sites have been created that allow you to list items of all kinds to resell to local interested buyers. Some examples in Southeast Texas are Southeasttexas.com
, Facebook Marketplace
, and LetGo
. The advantage of selling through local websites and apps is that you can meet the buyer somewhere close and avoid having to ship the items and wait for payment. Just about anything can be listed on these sites – and you never know who might be interested! You know what they say… one man’s trash is another man’s treasure!
Visit a Consignment Shop
Consignment shops are another great way to sell items locally. There are several consignment shops in the Southeast Texas area that will take your clothing, accessories, and sometimes even furniture! The payout for these is typically between 40-50% - meaning you get to take 40-50% of the selling price and the consignment shop keeps the remaining amount. The advantage of selling through consignment shops is that you do not have to store the items or spend any time trying to sell them. These consignment shops take care of that for you, and you still get to earn money!
Sell to the Online Marketplace
If you’re looking to sell to a larger audience, consider the national online marketplace. Major sites such as eBay
, and Poshmark
are geared toward men and women and can lead to great sells and profit if you put effort into it. The advantage of selling on these sites is that you get to keep a much higher percentage for yourself. For example, eBay allows you to keep 90% of the selling price. Granted, you have to take care of listing and shipping the items yourself, but the profit is much higher!
What Should You Do with the Extra Money?
Once you establish your income stream from selling these items, why not consider funneling that extra money into a savings account to build your emergency fund
? That way, you won’t have to worry about how you will pay for life’s unexpected surprises – such as fixing an oil leak or buying new tires for your car. When these moments arise, you can use that extra money and avoid what could have been a stressful financial situation!