In 2017, the internet accounted for 40% of all user purchases. According to the popularly used fashion app ThredUp‘s 2020 annual report, the global secondhand market is expected to reach $64 billion by 2025.
Sites to sell used items have moved from the margins to the mainstream thanks to the growth of new websites for selling used items.
However, getting started in the world of online secondhand item sales is a long and hard road. There are concerns about how to scale while being profitable, keeping track of inventory, and, most importantly, selecting the best marketplace to sell on.
We’ll go over the reasons why people buy used items and how to resale them in this in-depth article. Of course, we’ll go through the best platforms for selling secondhand stuff as well.
Finally, we’ll provide you with some expert advice on how to sell used items. But first, let’s talk about the advantages and disadvantages of selling stuff online.
Advantages and Disadvantages of Selling Used Items Online
Advantages of Selling Used Items Online
There is a large crowd.
Selling used items on sites like eBay gives you access to a global audience of millions of people who are ready to buy. The majority of marketplaces have a lot of search engine authority. For searchers, more authority implies more visibility.
If you sell your personal belongings on a respectable website, your virtual storefront will benefit from the reputation and authenticity of that website. Buyers will regard you as more “legit” than an unknown individual behind a stand at a flea market once you begin to accumulate five-star evaluations and great selling history.
Flea markets and garage sales are usually only held once a week or once a month, and they are usually seasonal (meaning no sales opportunities in the winter). Online marketplaces, on the other hand, are infinitely expandable and never slumber. You can sell at any time of day or night, on any day of the week, and in any month of the year.
Disadvantages of Selling Used Items Online
Storytelling opportunities are limited.
You only have so much room on the internet to describe the story of your used item. This implies you’ll need to improve your copywriting skills in order to get the most out of your listings.
Consumers who are more price-conscious.
Flea market shoppers are frequently out for a day of fun and are thus more likely to make impulse purchases. Consumers who shop on the internet, on the other hand, will be more pragmatic in their purchases and more inclined to compare pricing with competitors.
Consumer doubt seems to be on the upswing.
It’s more difficult to judge the quality of a used item over the internet. Your consumer, after all, just has a few photographs and a textual description to go on. Putting your best, most convincing foot forward in the virtual marketplace takes some skill.
Where to Find Used Items to Sell
There are a few tried-and-true locations where you can find hidden jewels for your secondhand business. It’s vital to remember the “opportunity cost” principle, though. Every hour you spend rummaging through thrift store bins is an hour you’re not selling.
If you discover a rare item that makes it all worthwhile, this could be a big plus. However, make sure you’re not losing money when trying to get things for your store.
As a result, here are the most regularly used sources for used items:
Craigslist, like garage sales, is full of sellers who have no idea what their products are worth. It’s full of folks trying to purge and eager for bargaining, just like garage sales. Of course, the advantage over a regular garage sale is that you can do it from anywhere and it’s open 24 hours a day.
Flea markets, like garage sales, are often held on weekends only. If you want to get the best stuff, you’ll have to be more deliberate about your flea market visits. Also, arrive at least 20 minutes early to ensure you get first hands on the available merchandise.
Because most garage sellers are unaware of the true value of their products, garage sales are some of the best places to find secondhand items. When you consider that garage sales are all about convenience (getting rid of the thing), it’s no surprise that they’re a great place to haggle for cheaper costs.
Rarely used items are frequently found in thrift stores such as Goodwill and the Salvation Army. The advantage of these establishments is that, unlike garage sales, they are open during regular business hours, making them easy targets for a daily cursory glance.
The genuinely great goods tend to sell out quickly, so instead of making an hour-long journey, opt for frequent, brief scans of the store. This also reduces your opportunity cost, allowing you to avoid wasting time.
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The Best Websites for Selling Used Items on the Internet
So, now that you’ve identified your ideal buyer and devised a strategy, you’re ready to select a platform on which to start selling your used items.
Connecting with your target demographic and their specific search query is the best approach to selling something online. To put it another way, meet them where they are already going.
There are numerous online marketplaces, but not all of them are created equal. We’ll look at sites with varying levels of regulation, local marketplaces, marketplaces that lend themselves perfectly to bulk sales or storefronts, and more in the sections below.
Online Marketplaces for Selling Used Items in General
There’s no way the world’s largest marketplace would miss out on tilling those fields when there’s such a lush crop of secondhand profit value to be found.
Amazon’s individual seller program, on the other hand, isn’t designed to be a garage sale replacement, and the quality standards are rigorous. This means you can’t just advertise your used items on eBay, Craigslist, or Facebook Marketplace with some clumsy smartphone photos.
Instead, think about using Amazon’s Fulfillment by Amazon (FBA) program to sell your used items.
Although the program is intended for individual sellers that require Amazon’s third-party support, you can utilize it to sell your used items online.
Most Amazon product pages have a small link underneath the description that says something like “New & Used from $90 + FREE delivery.”
Here’s how to get your name on those lists: Create an Amazon FBA account, gather your used items, box them up, and label each box with the UPC, ISBN, or ASIN of each item inside. Then, for delivery, follow Amazon’s instructions. That’s exactly what should happen.
You’ll have to pay a charge to Amazon in order for them to fulfill, list, and support your items.
It takes time and money to process your things, as well as a few dollars in packaging materials. As a result, you should ensure that anything you’re selling is worth at least $10-20. If you don’t, you can end up losing money in the process.
Local sites like Facebook Marketplace or eBay (described below) are preferable possibilities for lower-value items.
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Etsy is the top frontrunner in the handmade and artisan goods marketplace. It does, however, have a booming vintage storefront. However, the quality bar is set quite high. You can’t just send them some used goods and hope for the best. Vintage items are those that are 20 years old or older, according to Etsy.
As a result, Etsy is a profitable vintage marketplace:
- Antiques and collectibles (like cards or figurines)
- Instruments of music
- work of art (sculptures, paintings, decor)
- Magazines or books
Selling on Etsy has several advantages: you won’t be competing against waves of low-value crap, Etsy’s selling network is top-notch, and it attracts a customer prepared to spend more money.
Etsy takes a flat 3.5 percent fee on all things sold and charges $0.20 for every item listed.
I’m guessing that the phrase “selling used stuff online” conjures up an image of eBay’s iconic multi-colored logo. eBay has firmly established itself as the online auction company for secondhand items since its start.
It’s simple to list products on eBay. In less than five minutes, you can have your item online by snapping a few smartphone photos and answering a few prompts. Selling items infrequently is one thing, but if you plan to sell items in bulk, you must first comprehend eBay’s cost structure.
Expect to pay roughly 10% of the final sale price to eBay as a rule of thumb (not including taxes). When you increase your selling volume, eBay increases its fees. If you list more than 50 items each month, you’ll be charged 30 cents per listing.
Upsells for more prominent listing locations and reserve prices are also available on eBay.
Bonanza is a shabby, self-described eBay, Amazon, and Etsy competitor. It’s positioned itself so aggressively as the better marketplace that comparisons to those specific companies can be found right on the homepage.
It has an Etsy feel to it, particularly in terms of collectibles, apparel, and jewelry. Musical instruments, video games, and home and garden items are also available.
Bonanza gives you greater control over your shops than Amazon or eBay, and you can even create client lists for retargeting.
It has a “startup” vibe to it that makes it appealing and worth a look if you’re looking to sell your old items online.
It’s worth noting that Bonanza takes 3.5 percent of the final transaction price (including shipping). They reduce the fee to 1.5 percent for purchases over $500. They’ll also advertise your listing on the web for an extra fee.
Local Online Marketplaces for Selling Pre-Owned Items
Local internet markets are perfect for sellers that don’t want to deal with payment processing, shipping, or tracking.
While the convenience of local marketplaces cannot be equaled, always remember to meet buyers in a secure location and be aware of scammers. Local marketplaces, in general, aren’t suitable for large-scale stores or bulk transactions.
Since its inception, Craigslist hasn’t changed much. It still has the same simple, Web 1.0, Times New Roman style (could this be part of its appeal?). It’s still the Wild West, and it’s certainly the internet’s most unregulated market.
Craigslist is the online equivalent of Goodwill. Sellers are mindful that they may have to sift through mountains of trash in order to uncover a gem. However, it’s become a part of the charm (note the treasure hunt emotional motivator mentioned above).
Craigslist isn’t geared up to handle a full-fledged used-items marketplace. It is, however, a viable option if you are wanting to earn a quick profit on a few products here and there.
It’s also one-of-a-kind in that it may hold not only products for sale, but also jobs, automobiles, and even homes.
6. FACEBOOK MARKETPLACE
Craigslist is replaced with Facebook Marketplace, which is slightly more organized and regulated. It’s not designed to handle large-scale used item businesses like the marketplaces indicated above, but it’s ideal for piecemeal used item sales.
Facebook Marketplace makes up for its lack of scale with convenience and peace of mind. The storefront is built into the Facebook program itself. Because of the social side of the platform, sellers can check out potential buyers by stalking their profile (provided it isn’t private).
This helps to screen out scammers, con artists, and other potentially dangerous individuals. On Craigslist, it’s far easier to create a phony character than it is on Facebook. On Craigslist, at least, it’s simpler to get away with it.
In terms of ease, it’s not unusual for products listed on Facebook Marketplace to sell in under an hour, cash in hand. Facebook Marketplace is a great option if you don’t want to deal with marketplace laws and want to keep your sales local.
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OfferUp began as an “anti-Craigslist” website. The creators sought to expand on the open marketplace model while also providing differentiators that solved common inconveniences.
Craigslist’s infrastructure and item variety are extremely comparable. OfferUp, on the other hand, has a sleek, modern user experience rather than a web layout that seems like it was created in Microsoft Publisher (Windows 98 edition).
Adding user profiles and a rating system also addresses the issue of scammers and shady people. It even has a mobile app and a Safe Trade Spot function to ensure your safety when making a transaction.
It’s all local and free, just like Craigslist. It is your responsibility to manage the sale and delivery of your goods, as well as to answer any queries the buyer may have.
Selling Used Items on Specialty Online Marketplaces
David Kalt was dissatisfied with the lack of high-quality internet markets for buying and selling old guitars in 2013. What is his solution? He can make his own.
Reverb.com was purchased by Etsy for $275 million six years later, and it is now the de facto marketplace for all musical instruments and equipment.
Musical instruments are just one of the many goods that lend themselves to resale. Most artists don’t mind if their guitar effects pedal has been used by five other people or if it has a few scuffs on it as long as it works when they activate it during a performance.
Reverb.com has all kinds of new, used, and antique music gear in every category imaginable. Its architecture for purchasing and selling makes shifting gear simple and convenient. The Reverb mobile app makes it simple to list products, and its real-time price evaluations assist sellers in getting the most out of their listings.
Other marketplaces may sell musical instruments, but they can’t compare to Reverb.com’s wide range of products and active gear-trading community.
The key value of Decluttr is that it provides a platform for buying and selling high-quality secondhand technology. Cell phones, computers, and cameras are included, as well as DVDs and Blu-rays. Decluttr is perfect for both collectors and technophiles.
But Decluttr has another seemingly insignificant feature that makes it even more attractive to collectors: a sophisticated second-hand LEGO buying program. Decluttr buys LEGO depending on weight, even if you don’t remember what sets you bought or can’t find all the parts.
Simply pack up your old LEGO bricks, weigh them, send them for free, and get paid the next day with Decluttr.
Decluttr may be you’re the best option if you have quality used technology, media, or a large bucket full of LEGOs sitting around.
These websites are more like resellers than marketplaces. On your smartphone, laptop, or tablet, they provide you with a quote, which you then transmit to them.
In essence, the sites are comparable, so you may compare quotations from each and get the best deal. You’ll almost certainly get a lower price for your devices than you would if you sold them yourself on eBay.
The lure of these sites is how simple it is to obtain instant cash for your devices rather than having them sit in your drawer gathering dust.
Our Thought on the best sites to sell used items
That concluded the list of the best top 10 sites to sell used items.
The world of online used-item sales isn’t going away any time soon. While some in the internet e-commerce industry may have scowled at the concept of a used item marketplace, to me it is a viable source of revenue for some people.
So, if you have any used items to sell online, list your items on the above mention platform, different platforms depend on your used items.
I hope, it helps
Let us know in the comments which other used items marketplace you no in order to include them in our list.