Sell Your Stuff

July 5, 2009 11:54:12 AM PDT
Colleen Carroll said "Wow, I remember that red top. Great, I just got 25 dollars for it. It's free money." Colleen Carroll regularly raids her closets for extra spending money, by selling her gently used clothing at a consignment shop. Colleen Carroll said, "Last year I've made between $750 and $1,000 dollars."

Yard or garage sales are another time-honored way to make money selling things.

Mandy Walker, Money Adviser said, "Turning your trash into treasure at a yard sale can be a lot of work. You've got to price everything and haul it in and out of your house. Plus you've got to make a bunch of signs and posters."

But you get to keep all the profits, minus costs like paid advertising and permit fees. Selling stuff online on eBay or amazon.com will cost you more, around 10 to 15 percent of your total sales, but you get more potential buyers.

Mandy Walker said, "To get going, see what similar items are selling for on the website. For instance, on eBay, click on advanced search, then completed listings. See, this iPod sold for $76 dollars."

You'll need to open an account to advertise your items and to get paid. After a sale, pack and ship within a couple of days. Your reputation depends on it.

Mandy Walker said, "When you're selling online, small and lightweight is the way to go. That way you can save big on packing and shipping."

Some consignment stores will accept larger things, like furniture. Colleen said she likes being able to clean out her closet, and knowing others enjoy wearing her clothing.

Colleen Carroll said, "Mostly I like getting a check every three months."

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