Last week, we discussed how you can successfully clean out your closet and avoid common traps, like “This will fit if only I lose 5 pounds”.
Now that you’ve cleaned out your closet, the next step is finding a way to earn some cash.
Hosting a garage sale can be a bit of work. Trust me, I’ve held one every year since I’ve been out of college and though they do take some time, planning, and physical work, they are a great money maker.
People in my hometown just go nuts over the craziest things at garage sales. When you are hunting up things for your sale don’t hesitate and throw things away with the thought that no one will want to buy them because that is not the case. At my last garage sale we made over $600 from mostly small items.
I sold a ton of clothes and shoes that way, though usually at lower prices than some other selling opportunities.
Online Auction Sites
In my area, selling things on Facebook has become very popular. There are several county-wide and town specific buy/sell/trade groups for my area on Facebook.
I live in a rural area of the Midwest, so I’m sure there’s something similar in your area too.
The groups have pretty specific rules about posting things for sale, but if you follow them you can make some pretty good money selling things in these groups. I have sold lots of things ranging from small pieces of furniture and pet stuff, to clothes and shoes. The only problem I have had selling in these groups is trying to find a time to arrange pickup or delivery of the items.
Of course no guide to selling things online would be complete without mentioning Ebay.
While I haven’t had the best luck selling clothes, shoes, and accessories on Ebay, I have sold a couple things that way. I’ve found that it is usually only worth posting these things on Ebay if they are name brand or designer items. The downside of selling on Ebay is that it can be time intensive to create listings and both Ebay and Paypal take a bit of your money by way of fees.
Resale Shops and Thrift Stores
Most towns are home to at least one resale shop, like Plato’s Closet, or a thrift shop that pays at least a little bit for your “donations”. If your town does not have one of these types of stores, maybe you can consider holding on to your items until you go out of town to a bigger city that has one of these stores. But beware, these resale shops can be picky. They only want things that are in top-notch condition and still in style.
If none of the above options are available to you, or your items fail to sell after a couple attempts, you should consider donating your items instead. At least by donating you know you will be helping those in need and you can generally get a tax deduction at the end of the year!
Have you ever “made money” selling your clothes?
Image via Flickr by Eastlake Times