How to Make Money from a Wardrobe Purge

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As the months and years pass by, our wardrobes become filled with clothes we no longer wear. We grow, put on or lose weight, change shape, our preferences change and clothes and accessories go in and out of style – all of this means our closets inevitably house items that no longer see the light of day. But these items could be worth a nice sum of money (particularly once it’s all added up), making them an ideal way to have a clear out and make some cash at the same time.

So here are a couple of ways you can make money out of the clothes and accessories hiding at the back of your wardrobe. It’s by no means an exhaustive list, but it should get you started and create some much needed wardrobe space.

  • Ebay

Perhaps the most obvious place to start, Ebay is probably the most well known place to sell things online, and that includes clothes.

You will need to put a fair bit of time into photographing the items (often using several photographs per listing), carefully checking their condition, listing them and writing a detailed and accurate description, but the money you can make from the site can be excellent, particularly if you’ve got lots of high-end designer items.

Be prepared to deal with postage and packing and the sometimes controversial feedback system, but it’s really worth the effort if you have lots of items to sell and want to get a good price. I would recommend you don’t list expensive items at 99p – although a low starting price can entice buyers, you’re better off setting a fair price via the Buy It Now system to ensure you get a decent amount. I once had to let a pair of Oliver Peoples sunglasses go for a few pounds, when they cost me well over £100 after I listed them for a 99p start. However if you get the pricing right (fair and reasonable but still a good deal compared to RRP) you really can make a lot of money selling your clothes and accessories.

  • ASOS Marketplace

This is one for the UK market, but an excellent option if you’re like something a little more professional. ASOS lets you set up a profile and sell your clothes via your own ‘shop’ – it’s free to list too, which is a really strong selling point. You only pay ASOS a percentage of the item price if it sells.

You won’t get as much interest or as many sales as you would via Ebay, but if you’re in no rush it can be a good option, and you will likely make more money for each item that does actually get sold. The real benefit here is that your online boutique looks more professional, and there’s no financial risk to trying it out.

  • Consignment Stores

This is a good option if you don’t want to go through the hassle of photographing and listing items, as well as posting them out to buyers. Consignment stores exist both in the UK and the US, and essentially you drop your clothes off to them and they sell them on your behalf, either via a physical store or online (or sometimes both). The percentage you have to give them will be much higher (usually 50%), but they do all the work and offer a much simpler, more convenient way of selling your second hand clothes and accessories.

 

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