Why Used Sell Preowned Items Online?
Sell preowned: In 2017, 40% of Sell preowned were made online. According to popular Sell preowned app ThredUp’s 2020 annual report, the globa Sell preowned market is expected to reach $64 billion by 2025, bringing Sell preowned retail into the mainstream. But getting into the world of selling used goods online is a deep rabbit hole. The question is how to scale while remaining profitable, tracking your inventory, and, most importantly, choosing the right marketplace to sell on. In this comprehensive article, we’ll look at why people buy used items and how to resell them. Of course, we will also take a close look at the best platforms for selling Sell preowned items.
We’ll end with some pro tips on the best way to sell used items, but first, let’s look at the pros and cons of selling online.
What Are The Advantages Of Online Sell Preowned
Huge audience- Selling used items on sites like eBay gives you an audience of millions of consumers who are already interested in making a purchase. Most marketplaces have considerable search engine authority. More credibility means more visibility for researchers.
Built-in trust- When you sell your personal items on a reputable website, your business shares the notoriety and perceived legitimacy of that website. Good sales history, buyers will consider you more “legitimate” than a stranger at a flea market table.
Sales possibility around the clock- Flea markets and flea markets may only be held once a week or month and are often seasonal (meaning there are no winter sales). Online markets, on the other hand, are always active and infinitely scalable. You can sell anytime, any day of the week, any month of the year.
What Are The Disadvantages Of Online Sell Preowned
Limited storytelling skills- You don’t have much space online to tell the story of your used item. That means improving your copywriting skills to maximize the impact of your ads (more on that below).
More price-conscious consumers- Flea market shoppers are often just for pleasure and, therefore, more prone to impulse buying. On the other hand, consumers who shop through online platforms are more systematic in the buying process and are likely to compare prices with competitors.
Rising ccismonsumer skepti- It’s harder to judge the quality of a used item online. In the end, your client was left with just a few photos and a written description. In order to advertise in the best possible and convincing way on the virtual market, some skill is required.
Places Where You Can Find Sell Preowned Items For sale
There are several trusted places to find hidden gems for your used business. However, it is important to remember the principle of “opportunity cost.” Every hour you spend browsing through used containers is an hour less than a sale. It can be a net benefit if you find a rare item worth your time. But make sure you don’t waste money looking for products for your store.
However, these are the most common places to find used items:
Yard sales are some of the best places to find used items because, frankly, most yard sales ignore the true value of an item. Combined with the fact that it is everything, this makes it a great environment to negotiate low prices.
Thrift Store Sell Preowned
Thrift stores such as Good will and the Salvation Army often sell rare and used items. Really good items are usually available quickly, so prioritise regular quick shop scans over hour-long trips.
Flea markets, like flea markets, are usually limited to weekends. That means you have to be more vigilant when shopping at the flea market if you want to get the best products. Also, visit them at least 20 minutes before they open to make sure you’re the first to choose available products.
Craigslist, like flea markets, is often full of sellers who don’t know the true value of their items. Like a flea market, it’s full of people who want to tidy up and haggle. The advantage over a traditional flea market is, of course, that you can do it anywhere, and it’s open 24/7.
What Is The Best Online Site To Sell Preowned Used Items
With your ideal buyer and your strategy in mind, you are ready to choose a used goods sales platform. The best way to market your products online is to connect with your target demographic and specific search terms. In other words, meet them where they have been before. There are many places to sell products online, but not all are created equal. In the next section, we will look at sites with different levels of regulation, local markets, wholesale-friendly markets, brick-and-mortar stores, and more.
Where Is The Best Place To Sell Preowned Old Things Online
With such a ripe harvest of Sell preowned profit to be made, there is no way the world’s largest market will miss the work of those fields. However, Amazon’s individual seller program is not intended to replace garage sales, and the quality standards are high. This means you can’t just list used stuff with some random smartphone photos like you would on eBay, Craigslist, or Facebook Marketplace.
Instead, consider the Fulfillment by Amazon (FBA) program as a viable means of selling your used stuff.
Although the tool is intended for lone sellers who want remote assistance from Amazon, you can utilize it to sell your used goods online. Most product pages on Amazon have you’ll see a little link under the description that says “New & Used from $90 + FREE Shipping”.
Clicking on that link will display all used listings submitted by sellers and fulfilled by Amazon.
Here’s how to get listed in those places: Create an Amazon FBA account, collect used items, package them, and document each item in the box with a UPC, ISBN, or ASIN. Then follow Amazon’s instructions for shipping. It’s that simple. You pay a fee to compensate Amazon for performing, listing, and providing customer support for your items. Processing your items takes time and maybe a few dollars in packaging materials. For this reason, you want to make sure that what you are selling is worth at least $10-20. Otherwise, you may lose money in the process.
Want to learn more about selling on Amazon? Check out our series on creating an Amazon seller account.
For lower-value items, local platforms like Facebook Marketplace or eBay (discussed below) are better choices.
Etsy is, without a doubt, the most exclusive platform for artisan products. However, it also has a thriving vintage storefront. However, the quality standard is high. You can’t just send them a bunch of used stuff and hope for the best. Items on Etsy are deemed vintage if they are 20 years or older.
This means that Etsy is a profitable market for vintage:
- Collectibles (such as books or figurines)
- Musical instruments
- Art (sculptures, paintings, decorations)
- Books or magazines
Selling on Etsy offers significant benefits: you’re not competing with waves of cheap junk, Etsy’s selling infrastructure is top-notch, and it attracts a clientele that is often willing to spend more.
The listing fee on Etsy is $0.20 per item, plus a flat 3.5% commission on all items sold.
I bet the words “sell used stuff online” conjure up a direct image of eBay’s iconic multicolored logo. Since its beginnings, eBay has firmly established itself as the leading online marketplace for pre-owned goods. Listing items on eBay is a breeze. Take a few photos on your smartphone, answer a few prompts, and your article will be online in less than five minutes. Knowing eBay’s fee structure is crucial if you plan to sell items on the site regularly to sell items in bulk. Generally, expect about 10% of the final selling price on eBay (excluding taxes). When you start to increase your sales, eBay will start to increase its rates. Post more than 50 articles per month and get charged 30 cents per listing.
eBay also offers more upsells for more prominent listing locations and minimum prices.
Bonanza is a self-proclaimed alternative to eBay, Amazon, and Etsy. It has positioned itself so competitively as the better market that its home page features comparisons with those specific companies. It has an Etsy vibe, especially when it comes to collectibles, clothing, and jewelry. But there are also musical instruments, video games, and home and garden items.
Compared to Amazon or eBay, Bonanza provides more control for stores and even permits you to generate customer lists for remarketing purposes. It has a certain “boot” charm that makes it appealing and worth checking out for selling your used stuff online.
Please note that Bonanza charges 3.5% of the final sale price (including shipping costs). For items over $500, they reduce the fee to 1.5%. And for an additional fee, they will place your listing on the Internet with ads.
Local Online Marketplaces To Sell Preowned Items
Local online marketplaces are great for sellers who don’t want to manage, ship and track their items. Although the convenience of local markets is unmatched, remember to meet buyers in a safe place and be especially wary of scam artists. In general, local markets are not suitable for large-scale storefronts or wholesale sales.
Craigslist hasn’t changed much since its inception. Does it still have the same simple Web 1.0, Times New Roman aesthetic (maybe Is that a component of its charm? The Wild West remains, and most likely, the least regulated market on a website. Comparable to the goodwill of the world, Craigslist internet. Vendors know they may have to wade through piles of trash to find treasure. However, he became part of the attraction (note the emotional scavenger hunt motif mentioned above).
Craigslist is not set up to run a fully usable storefront. However, if you want to make a quick buck on a few items here and there, this is a viable choice. It is also unique in that it not only offers Not just things, but also services, vehicles, and even homes.
Facebook Marketplace is a slightly more organized and regulated version of Craigslist. Again, it’s not designed to house large used goods businesses like the marketplaces mentioned above, but it’s great for selling used goods.
Facebook Marketplace makes up for its scalability limitations with ease of use and security. The shop front is connected to the Facebook application. The social aspect of the platform means sellers can verify the buyer by following their profile (assuming they are not private).
It helps a lot in weeding out scammers, scammers, or generally dangerous people. It’s much easier to find a fake persona on Craigslist than on Facebook. Or at least it’s easier to leave Craigslist. From a practical standpoint, it’s not uncommon for items listed on Facebook Marketplace to sell out for cash within the hour. If you’re not in the mood to play by marketplace rules and want your sales to be local, Facebook Marketplace is a great choice.
OfferUp started as a kind of “anti-Craigslist.” The founders wanted to develop the concept of an open market while offering distinctive features that would eliminate common frustrations.
Their infrastructure and variety of products are very similar to Craigslist. But instead of a web page layout that looks like someone in Microsoft Publisher (Windows 98 version), OfferUp has a simple, contemporary user interface. Including user-profiles and a rating system also addresses the issue of con artists and shady people. It even provides a mobile app and a Safe Trade Spot function to provide you comfort when trading.
Like Craigslist, everything is local and free. This means that you must coordinate the sale and delivery of your item and answer any questions the buyer may have.
Online Marketplaces Specialize In The Sale Of Sell Preowned Items.
David Kalt was dissatisfied in 2013 with the dearth of good online marketplaces for buying and selling used guitars. Her decision? Make your own.
Reverb.com is acquired by Etsy for $275 million six years later, and it is now the de facto marketplace for all creative works. Music equipment and gear. Musical instruments are one of many items that lend themselves well to sale at thrift stores. The majority of artists don’t mind if five other people utilize their guitar effects pedal or if it has a few scratches on it as long as it works when they turn it on during a performance.
Reverb.com offers all kinds of new, used, and vintage music equipment in every category imaginable. The buying and selling infrastructure makes exchanging equipment simple and convenient. The Reverb mobile app makes it easy to list items for sale, and their real-time prices help sellers get the most out of their listings. Other marketplaces may offer musical instruments, but they don’t compare to the variety of products and thriving community of Reverb.com retailers.
Decluttr’s core value is to be a marketplace for buying and selling high-quality used technology. This includes cell phones, computers, and cameras, as well as DVDs and Blu-rays. Decluttr is perfect for the techie and the collector. But Decluttr has another seemingly fortuitous difference that makes it highly valuable to collectors: a trusted pre-owned LEGO buying program. Even if you can’t remember the LEGO sets you bought or can’t find all the parts, Decluttr buys LEGOs by weight. Just pack your old LEGO bricks, weigh them, ship them for free and enjoy Decluttr’s fast payment the next day. If you have the technology, media, or a giant bin full of LEGOs, Decluttr might be your best bet.
Insider Tips: The Best Techniques To Sell preowned Things Online
Step 1: Prepare Your Products
You are probably reading this article for two reasons:
- You have just finished cleaning your home or workplace and are ready to make money by selling your stuff online.
- You open a Sell preowned store or a wholesaler.
Either way, the first step is always to get your items ready to sell. Follow this step-by-step process, and it will save you a lot of headaches down the road:
- Inspect all items for defects and test if they are electronic.
- Organize your products by category
- Keep items in an open/easily accessible place.
- Search each item in the above markets for an average rating.
- Prepare packing and shipping materials to avoid multiple trips to the store.
Step 2: Organize (And Stay)
The second step is to set up an inventory management system to collect and organize all your used items before putting them up for sale. Otherwise, you’ll find yourself overwhelmed once all the sales start rolling in.
To get started, create a simple Excel sheet with a bullet point:
- Your stuff
- Their location
- Your ideal selling price
- Actual selling price
- sold out date
However, as your used item business expands and becomes more complex, eCommerce inventory management software is better than nothing your best bet for staying on top of everything.
Step 3: Take Perfect Photos
When photographing your used items for your e-commerce offers, there are a few obvious considerations: good lighting, displaying the product at a favorable angle, etc. But did you know that it is very important that nothing personal in the photo is? Do not take a picture of the mobile phone that you still have in your hand. Make sure your kids’ framed photo isn’t behind high heels. Remove any details that remind the viewer.
Step 4: Write Accurate And Strategic Descriptions
When writing your product list, be as specific as possible. For example, don’t hide your flaws. This is a surefire way to destroy a buyer’s trust and lead to negative reviews.
At the same time, use your words strategically. Please note the following:
- Do you know the source of your article? If you have a great story about how you got your product or who previously owned it, find an engaging way to tell it!
- Is there anything unique or unusual about your secondhand items that would catch the eye of a shopper looking for a unicorn?
- Are pre-owned items rare and hard to find through traditional sales channels?
- A final tip from the pros: don’t use the word “like new” (or similar terms) in your product listings. These types of phrases immediately remind the buyer that the item has had a previous owner, resulting in a negative perception. I like the term “like new.”
Step 5: Get Shipping Process
We’ve sorted out all the used stuff and created some top-notch strategic offers. Last piece of the puzzle? Give these items to your customers. While some websites can help fulfill orders, most sellers have their own ideas about how items are packaged, how they are shipped, and how easy returns.
On the contrary, the world of selling Sell preowned goods online is not going away anytime soon. Online retailers are already avoiding the idea of a Sell preowned market, but it’s a viable way to make money.
It’s infinitely scalable thanks to the aforementioned platform and inventory management solutions like If you want to get your inventory management off to a good start and your pre-owned e-commerce operation a success, contact our team today for a live Demo,s.