I'm the first person to throw up at "how to brush your hair" and "ways to shave your legs" posts, but this is a genuine topic that I get asked about a lot, and given how many people I come across who have no idea what PayPal even means, I thought I'd do a little post on how I make money from my unwanted bits and pieces plus I'm sure we all got something we didn't want for Christmas...
1. C H O O S E
I use a mixture of Depop and eBay. They both have their own perks, Depop is much like Instagram but for selling things. It's quick to use, easy to get the knack of and purchases go straight into your PayPal account. Downsides are, it's used by a lot of young girls who don't want to pay more than £3 for anything, or that want to "swap" (more on that later) and also it's only available to use via the app, as opposed to eBay which you can use on a computer too.
I used to use eBay religiously, but it got expensive. They take a larger cut than Depop, and then PayPal take some too so it's all a bit pricey and selling things for £4 means you take about £2.80 home. I tend to use Depop for basics like Topshop t-shirts and ASOS shoes, while I'll stick more expensive items on eBay, as adults are more likely to pay what they're worth!
2. P R I C E
I see so many people selling an £8 Topshop tee for £6 with £3 postage, and I just think "would you pay that for someones old t-shirt?" By all means sell your cheaper items, but consider that they have been worn, and you could buy in a store for less, and new. Depop is good for things like that, as their audience tends to be younger and they're looking to buy cheap but branded things.
With Depop I add £2/3 to the price I'm happy with and list for that. Everyone on Depop thinks you kind of owe them a favour, and will ask for you to reduce the price/'swap' so I maintain that I will lower the price by a few pounds or offer free postage for the sale. Swaps are where people want you to pick one of their similarly priced items and exchange it for one of theirs, not something I'd do but it works for people who are looking to gain new things I guess!
I also start every listing on eBay at 99p, whether it's worth £3 or £3000. People are more likely to bid if something was originally less than a pound when they first started watching it. Personally, I would never bid on something that starts at £7 when it's only worth £20, maybe just me, but it won't work out that much of a bargain! I can almost promise that it's never worth listing anything over 99p to begin with.
3. P O L I C I E S
This goes more for Depop, but use your bio to state your policies. Like a store, you have to cover your own back. Always keep proof of postage, and make sure you're only charging what it costs + packaging costs. No one wants to pay £4 to receive a vest top.
I maintain that I won't swap, under any circumstances (I'm here to make money, not to re-fill my wardrobe!) and that I will lower my price if paid directly via PayPal (avoids the Depop fee, but is a bit back-street and isn't as secure for the buyer so a lot of people decline to do so) I also post with 4-5 working days and send small parcels 2nd class, and large letters 1st. I also state that I'm not responsible after shipping, which eBay doesn't let you do.
If something gets lost via eBay, PayPal will just take the money out of your account once the person makes a claim for it. Always post tracked for eBay to protect yourself.
4. B E G O O D!
A bit obvious, but you have to physically mail the items once they have been paid for. Always do so in a reasonable amount of time, securely packaged (I use these bags) and again, keep proof! Always put your return address on the back of the parcel too.
Both eBay and Depop have feedback sections, so stick to your delivery times, be as friendly as possible and make sure your descriptions are accurate as most people are wary of sellers with little, no or negative feedback!
Other sites worth mentioning are, Gumtree (good for 'bigger' items such as furniture, cars and even renting houses!) Schpock (another app, marketed as an online car boot sale, report back as I've never used it!) and also you could always start your own little online store using Bigcartel, which is your very own website that is free for less than 9 items I believe.
Sorry this was a bit long winded, but hopefully at least one of you finds this useful!