CHRISTMAS is the season for goodwill, generosity and giving – but what do you do if you receive a gift from a well-meaning friend that you know you won’t use?
It’s an embarrassing situation, but one we’ve all been in – and it seems like a waste to keep something you won’t use or wear.
The other controversial option is to bite the bullet and sell unwanted gifts – one person’s bric-a-brac is another’s treasure after all.
Right here, Wethrift founder Nick Drew shares his advice on the most cost-effective ways to deal with unwanted Christmas presents this holiday season…
Consider the Best Platforms for Selling Different Freebies
If you have a variety of different items you’re looking to sell, the platform you choose to list them on could very well determine not only how much money you make, but whether something even sells.
Many expectant and new mothers are likely to use Facebook Marketplace in order to pick up bargains while on maternity leave, so any baby or toddler items are always sure to sell well.
The platform is also great for any larger items you want out of the house, as the majority of local shoppers will be happy to pick them up in person and pay cash.
For all the junk Christmas clothes you want to sell, Depop – a hybrid of Instagram and eBay – is a great place to start reaching a huge audience of fashion lovers looking to add to their holiday wardrobes. sustainable origin.
That being said, app users are very much apt to haggle over the items they wish to purchase, and there are also fees to be paid for selling on the site.
With over 187 million users worldwide, eBay’s massive appeal for selling unwanted Christmas gifts is easy to see.
Although eBay charges sellers a transaction fee of around 10%, or those trying to sell items that may be considered more niche or collectible, it’s the best bet for a lucrative return.
Consider seasonality and trends
It can be tempting to want to start selling unwanted gifts as soon as you can.
However, you may be better off saving or storing certain items until later in the year to reclaim their full potential.
Do you have any items or experience that could be the perfect Valentine’s Day or Easter gift for someone?
Or were you given clothes that would be more likely to sell in the warmer months?
In addition to the best time of year, also consider the best time of the month to sell your item.
The majority of people tend to get paid towards the end of the month, so putting your unwanted items up for sale around the 28th of the month might just generate more interest.
It’s also worth noting that every year retailers will flood their calendars with days when they cut the cost of gift items, so be sure to read up on these key dates to understand the best times to post ads online and when. it is better to avoid them!
Know how to “sell” your items
It’s all well and good to have items you know you want to sell, but to make your offerings stand out among the countless others who will no doubt be doing the same on Boxing Day and beyond, it’s worth it. to make sure your posts are as catchy, informative and as honest as possible.
Be sure to take clear photos with a plain background in daylight of each item you wish to sell, ideally still in its original packaging, and accompanied by any warranties or warranties you may have, if any.
Be honest and detail the item, as well as the reason why you decided to sell it – you already have one at home, your child already has it too big, there is not enough space in your house to store it, for example.
This will help reassure potential buyers that you are making a legitimate sale and that they can trust you as a reliable seller.
It’s also worth checking to see if any online retailers are currently running promotions or deals on the item – it might be more lucrative to wait until it’s back at full price before trying to resell it.
Beware of the pitfalls of second-hand sales
If you’re relatively new to the concept of secondhand selling, it’s wise to educate yourself on some of the issues you might be facing.
First of all, merchants trying to get the best deal possible are relentless, so if you’re not willing to waste your time back and forth on lowering the cost of an item, make sure indicate the exact amount you want in the initial message. ad and simply refuse to respond to anyone who violates this.
If you’re selling an electrical item, be sure to state whether you still have the warranty that comes with it or not, and make it clear to interested buyers about the security they come with.
Finally, don’t underestimate the amount of work that often has to be spent to give your unwanted items a fair chance of selling well.
Make sure you devote enough time to photography, writing content, and uploading stuff to various platforms to maximize your chances of profiting.
Don’t Ignore Traditional Sales Methods
Not everyone feels comfortable or safe shopping for items online, and any items you might struggle to sell online might just be perfect for those who frequent garage sales.
Some of the most popular items at garage sales include clothing, accessories, children’s toys, shoes, jewelry, and books.
Despite the majority of popular car boot sales taking place in the spring and summer, the opportunity to travel to a local event can be a great way to sell unwanted items, earn extra cash, make business yourself and having a fun day with your loved ones.
Use common sense and sensitivity
While there’s absolutely nothing wrong with wanting to avoid waste and financially benefit from unwanted Christmas gifts, it’s important to remember that a family member or friend has taken the time to choose it and buy it for you.
If they see you trying to sell their gift on social media, it may seem disrespectful or rude if you don’t tell them of your intentions.
Explain to them why you can’t keep the gift and see if they’re comfortable with you reselling it.