IF you are amongst the millions of people looking to make quick cash chances are you’re already on Vinted.
But what to do if you feel like your pre-loved items aren’t selling as well as you’d hoped them to?
One Vinted whizz, Katie, recently took to TikTok to share seven tips so you could make a mint on the popular platform this year.
According to the seller, who is trying to save up for a trip to Thailand, she’s made a staggering £900 on the marketplace in just two months.
The TikToker, who posts under the username @katiesgarms, also revealed there’s a tip to follow at the end of the month to ensure people purchase your listings.
As shared by the fashionista, making sure your profile boasts “high quality photos in natural lighting” is key.
Sharing an example of a gorgeous piece of jewellery, she continued: “I’m much more likely to sell this bracelet looking like this than thrown on a dirty table in dim lighting.”
Just as essential, Katie said, was accepting the offer – even if it’s just a quid less than the original price.
Sure, you might get less than originally planned – but that’s still money that you wouldn’t have if you didn’t sell the item altogether.
“I’d rather have £4 in my bank over a dress in my wardrobe I’ll never wear,” she said.
Meanwhile, when it gets to the end of month it’s vital you do a quick task that’ll take just seconds – and it could seriously boost your sales.
Katie told her followers: “Drop the price of your items slightly when pay day hits. People get a notification.”
According to the social media user, the marketplace also “likes consistent uploaders” – and this can land you a special badge on the profile.
Spilling her tips, the seller said she tends to list around five items during Monday to Thursday, and will then follow this by ”a bulk upload on a weekend”.
As well as ensuring you share new listing on a regular basis, Katie advised fellow sellers to “take pics of your items against a plain, clean background” and “leave nice reviews”.
This, she explained, may very well encourage others to “leave you one back” – and this helps your page tremendously.
Katie added: “Even if you think it won’t sell… upload it. The amount of stuff I’ve sold which I thought about not uploading is crazy.”
Posted earlier this month, the informative clip has taken the internet by storm, racking up more than 23k views, with many racing to comments.
One seller begged: “ALWAYS take the offers, I’m clearing out like PLEASE take it off me.”
Meanwhile, someone else simply said: “Great tips.”
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
