Make Cash Off Your Old Clothes!
Why not make cash off your old Clothes?
Now that Winter is way out, Spring is here and Summer is on its way…
start going through your closet.
Now is a great time to turn your unworn, back of the closet, taking up space clothing into cash.
I found some great tips on PopSugar.com on buying and selling used clothing and accessories.
- Make sure your Items are unstained, odor-free, and in excellent condition. You don’t want to buy dirty clothing, do you?
- Give Thrifty Shoppers What They Want – Current designers, styles, and classics are what people want
- Opt For Universally Flattering Silhouettes
- Check the Tag For Quality Fabric – fabrics like leather, flannel, cashmere, wool stand the test of time and naturally do better on the resale market.
- Spend Your Hard-Earned Cash Wisely
Another great way to make cash off your clothes is to sell them on-line.
In most cases just snap a photo with your phone and you are on your way.
Check out the 10 websites I found.
1. Asos Marketplace
How it works: British retail giant Asos now offers small boutiques and independent sellers the opportunities to sell directly to their audience with the Asos Marketplace. The Marketplace is set up as a series of smaller boutiques — around 750 in all — selling indie brands, vintage clothes, and gently worn garments.
The cut: Hosting a boutique on Asos costs £20 a month, or around $32, and Asos takes 20 percent commission.
The catch: Asos requires that you have a minimum of at least 15 things in your boutique at any given time, so this might not be ideal if you’re just trying unload last year’s winter coat.
2. Crossroads
How it works: Crossroads makes it easy with 4 ways to sell your clothes, 1 – In Store, stop by the Crossroads Trading Co in Costa Mesa. 2 – Drop – Off, If you are in a real hurry, Crossroads offers a 24-hour drop-off service. 3 – Consignment, with higher end items you can receive 50% mailed directly to you, 4 – by Mail, just request a bag and they will send you a pre-paid return label.
The Cut: 50% on trade, that means you use the money as credit toward purchases at Crossroads. Or, you can choose to receive cash, when you sell your clothes on the spot you will recieve 35% of what they price your items.
3. Material Wrld
How it works: Material Wrld is a site that will collect and pay you for your gently used designer clothes. If you live in Manhattan they’ll even come right to your house and pick up the stuff from your door. Plus, the site has a handy quote calculator that helps you determine how much you should expect to make.
The cut: It varies, but you won’t be making cash back — Material Wld pays out in gift cards to Bloomingdales, Steven Alan, ShopBop and Saks Fifth Avenue.
The catch: There is a very highly curated list of brands that Material Wrld will purchase, and the list is culled regularly, so you’ll need to check often to make sure they’ll still accept your Ralph Lauren blazer.
4. Poshmark
How it works: Poshmark lets you easily sell items from the comfort of your home. Simply upload photos of the items you want to sell to the site (and use one of the site’s filters to make it look pretty); price it; then wait for it to sell. Once it’s been snatched up by someone, Poshmark will even provide you with prepaid printable postage label so you can easily ship your item out to its new owner.
The cut: The selling fees are a little high—There’s a $2.95 fee for any item you’re selling up to $15 and for sales of $15 or more, you keep 80 percent of your sale and Poshmark’s commission is 20 percent.
The catch: It’s currently only available in the U.S. and they only take women’s fashion and accessories.
5. The RealReal
How it works: The RealReal is a one stop consignment shop that allows you to consign virtually everything — women’s and men’s clothing, art, housewares, jewelry and more. It seems like The RealReal focuses on a fairly exclusive, high-end clientele, interested in getting rid of last season’s purchases to make room for newer, fresher stuff.
The cut: Considering the level of products you’re probably selling, you could stand to make quite a bit of money with their service—if you can deal with their exorbitant fee.
The catch: The RealReal’s fee structure is steep compared to other online consignment shops: They take a 40 percent fee.
6. Re{Fashion}er
How it works Re{fashion}er aims to be the resell site for all things vintage and one-of-a-kind. Got a cool ’70s polyester shirt you wanna get off your hands, or a ’50s poodle skirt? Re[fashion]er is the place to list it. According to their site, Re{fashion}er aims to “give the great under-worn pieces from epic closets a good send-off, & pass them on with love.”
The cut: The site takes a 22 percent cut of any sales.
The catch: There’s a high level of engagement required to be a part of the re{fashion}er world — including multiple images for every item you list, writing a bio for your account, and talking about what the particular item you’re selling means to you. The idea is that you’re building a community of vintage obsessives as you’re making money.
7. SnobSwap
How it works:Snob Swap offers you three ways to make money: You can sell your items online, swap your items for other things on the site you want, or you can have the site’s concierge service sell your clothes for you.
The catch: While the swap feature sounds great, what are the odds that somebody is really gonna want your used J. Crew dress in exchange for her super cool Balenciaga sunglasses.
8. thredUP
How it works: thredUP buys women’s materinity, juniors and kids clothes — and they make it easy to sell your stuff. They’ll send you a bag for you to ship all of your gently used clothes to their sorting facility, where their team will sort through and price your items. Anything they don’t take will be donated to one of their charitable partners.
The cut: thredUP pays up to 80 percent of the resale value and offers shopping credits or cash payments via Paypal.
The catch: If you want the items they don’t accept returned to you, you’ll have to pay a $12.99 fee.
9. Tradesy
How it works: Tradesy lets you sell directly from your closet. You pick the clothes and shoot photos of the items from your closet, but they’ll help you with shipping — they send you a shipping kit for every item you sell — and handle the messy business of returns. Tradesy allows you to set the price of the item, or will suggest a sale price for you if you want, too. They claim to pay around 15 percent more than other online marketplaces. Bonus: Tradesy will help clean up your photos and make your images look more profesh for you.
The cut: Tradesy takes a 9 percent fee and you keep the rest.
The catch: Tradesy seems to list higher end designer goods and fewer mass market brands, which is great if you’re drowning in Tory Burch and Kate Spade, but it may not be the best place to list your more affordable garments.
10. Vaunte
How it works: Vaunte is designed as a super curated alternative to most online selling sites. The site has a list of around 400 brands that it accepts, and will only sell items that are from those brands. Users upload their own products and sell directly from their closets and Vaunte reserves the right to approve all items that are for sale on its site. If you’ve got a particularly cool set of items for sale, you could be featured in the site’s daily newsletter. .
The cut: Vaunte takes a 15 percent commission.
The catch: All payment is made approximately 30 days after the buyer receives her product, so if you’re looking to make some cash quickly, this site probably isn’t for you.
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