A SINGLE MUM has revealed that she is able to afford to go on lots of foreign holidays with her daughter, thanks to a simple side hustle.
Rhianna, 31, makes her cash through Vinted, an online marketplace where people can buy and sell second-hand clothes, shoes and accessories.
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It’s completely free to upload clothes to the app and Vinted does not take a cut of sellers’ profits and instead charges buyers a small fee to purchase each item.
Taking to TikTok, the mum revealed that she buys items from a “private supplier”, and resells them on Vinted for profit.
Sharing some of her recent sales, Rhianna revealed she bought a Dyson Airwrap for just £30, and sold it on for £220.
She also bought a pair of Hermes sandals for £30, and flogged them for a whopping £495.
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The savvy seller also managed to snap up a pair of Dior shoes for £50, and sell them on for £600.
She also resold a Casablanca t-shirt she bought for £15 for £95, and a Labubu she picked up for £20 for £250.
In just one day, the seller revealed she made an impressive £1400 from her reselling side hustle.
“Living the dream”, she said.
Rhianna, who calls herself the UK’s “oldest reseller”, said she makes a whopping £30,000 a month from her side hustle.
She added that reselling “changed my life”, and now allows her the freedom to spend much more time with her daughter.
Rhianna’s @rhianna.resell video has likely left many intrigued, as it has racked up over 174,000 views on the video sharing platform.
TikTok users raced to the video’s comments section to share their thoughts on her side hustle.
One person said: “How do I start?”
A second person said: “Who is your supplier?”
Do you need to pay tax on items sold on Vinted?
QUICK facts on tax from the team at Vinted…
- The only time that an item might be taxable is if it sells for more than £6,000 and there is profit (sells for more than you paid for it). Even then, you can use your capital gains tax-free allowance of £3,000 to offset it.
- Generally, only business sellers trading for profit (buying goods with the purpose of selling for more than they paid for them) might need to pay tax. Business sellers who trade for profit can use a tax-free allowance of £1,000, which has been in place since 2017.
- More information here: vinted.co.uk/no-changes-to-taxes
A third person said: “I’d love to get into this!”
Online marketplaces like Vinted and Depop have millions of users across the UK, with the cost-of-living crisis only increasing their popularity.
Financial pressures in British homes saw sales of second-hand goods jump by 15 per cent to £21 billion in 2022.
One in six people now say they buy used items, according to research commissioned by review site Trustpilot.
So, now’s the perfect time to make yourself some extra cash on the likes of Vinted.
