You know that you can make money off of things lying around in your home, but how and where do you put your things up for sale?
Selling your possessions has become a popular way to earn some much-needed extra cash and declutter your life at the same time. Make sure you get the most out of what you’re selling by becoming knowledgeable about the different online venues, so you can choose the optimal outlet for your products.
Watch this quick promo clip for eBay Classifieds, a lesser-known Craigslist-like classifieds site where you can connect with local buyers:
Consider these five websites where you can sell your stuff:
EBay is one of the oldest and most reputable online marketplaces. In 2010, facing increasing competition, eBay in the United States reduced their listing fees, making it even easier and more profitable for you to be a seller. And don’t forget about Ebay Classifieds, which is in direct competition with Craigslist. Ebay Classifieds’ partner websites, globally known as Kijiji, have topped the market in countries like Canada, Germany and Taiwan.
Amazon currently tops the Fortune 500 companies in the Internet Services and Retailing industry when it comes to revenue, so it’s no wonder that they put up strong competition to eBay. Skip McGrath, who earns a six-figure income online, feels that Amazon is better for selling books and music while eBay is better for selling clothes and toys. On Amazon, you sell your products for a set price rather than auctioning them as many do on eBay. There’s no listing fee, but you’re charged a commission — 99 cents, a referral fee and a variable closing fee for each sale.
Named one of the 50 best websites of 2010 by Time Magazine, Etsy has taken the world by storm, providing hobbyists nationwide with an online storefront to sell their homemade crafts and vintage goods. Founded in 2005, there are now some artists and crafters who are making six-figure incomes on Etsy.
“I really have to thank all of my success thus far to Etsy,” says Alyssa Zygmunt on a video interview with Time Magazine, artist and owner of Brooklyn Rehab on Etsy. “Without having this way to tap into this community of fellow artists and people who appreciate handmade, I would not be able to reach the people that I do and it’s the interaction with them, it’s the feedback, the sales that I get that keeps me inspired.”
Entering the world as Bonanzle, this website was rebranded in September 2010 when they also amassed over 100,000 registered users and is known for its collectibles, antiques and unusual items. By charging a small commission, Bonanza turned a profit within nine months of launching in 2008. At this “online garage sale,” you can sign up for a free Bonanza booth and even import your products from eBay or Etsy. While you can sell each item for a fixed price, Bonanza’s most impressive feature is its internal chat system where buyers and sellers can easily meet and negotiate in real time.
This San Francisco-based online classifieds site has thrived since its launch in 1995, now servicing over 560 cities around the world with its simple interface to connect local buyers and sellers. Click on the “post to classifieds” button at the top-right section of your local Craigslist page to post your ad for free in one of 36 categories. Interested buyers send you an email through the Craigslist system, so you don’t have to reveal personal information. Popular items to sell on Craigslist include textbooks, electronics, furniture and household items.
Where do you prefer to sell your stuff online and why?