10 Ways To Turn Your Clothes Into Cash

It’s time to declutter your wardrobe.

Have you ever considered selling unwanted clothes and turning them into cash? Here are some ideal ways to make money from your fashionable items and accessories!

WHERE CAN I SELL MY CLOTHES?

There are so many places to sell your clothes, here are our top picks of the best place to sell clothes online UK!

DEPOP

Depop is the fastest growing place to buy and sell clothes online for cash. From the hottest trends to one-of-a-kind finds, you can sell and shop thousands of interesting items from people nearby and across the world.

They aim to make fashion more inclusive, diverse and less wasteful. Depop is especially popular with the Millennial and Gen Z audience, with 90% of users estimated to be under the age of 26 in the UK with one third being 16 to 24-year-olds.

You can sell pretty much anything that’s in your wardrobe here, but vintage items tend to be the most popular.

Despite the no listing and subscription fee, Depop does charge a 10% flat-rate fee on every item sold. The clothing app partnered with PayPal to ensure that it is a safe and secure place for the community of buyers and sellers. PayPal charges a transaction fee and it may vary based on which country you are in. A standard transaction fee of around 2.9% + 30p or if you are in the US, the standard Paypal fee is 3.49% + $0.49.

When you start selling on Depop you can view your selling statistics as a graph!

VINTED

Vinted connects fashion lovers with great deals on vintage, designer, and indie clothing. Vinted, very similar to Depop, has created a social community worldwide.

Unlike its competitors who charge a fee on an item sold, Vinted charges buyers a small ‘service fee’ per purchase.

For added security, as a buyer, you can opt-in to pay a buyer-protection fee. This helps safeguard your money, adding an extra layer of protection to your purchases and keeping your information secure. The cost is 3–8% of the item price (before postage) plus 30–80p.

ASOS MARKETPLACE

ASOS is a leading independent online fashion and beauty store. As a global online retailer, they offer the latest products and trends to shoppers across the world. From special occasions to everyday basics, they have an extensive range of women’s, men’s and kid’s clothing, shoes and accessories.

In 2010, ASOS released ASOS Marketplace where you can sign up to sell your items. It is home to 900+ small businesses, including independent brands and vintage boutiques from 50+ countries.

ASOS Marketplace will consider you if you make your own unique clothing, have a large selection of high-quality vintage garments or have already established yourself as an independent fashion label.

There are fees attached to opening your boutique, and they are a little expensive in comparison to Depop and Vinted, as you can see below.

EBAY

eBay has a section on their website dedicated to fashion. They receive millions of visitors every day, providing you with a huge opportunity to sell your clothes on one of the biggest marketplaces.

As a seller, you pay a 12.8% charge of the final sale price, including postage. The old payment system required you to pay 10% to eBay, and a transaction fee if the buyer uses PayPal, which usually takes 2.9% of the total sale price, plus 30p per transaction.

Remember, there are also two different selling options to go for. ‘Buy It Now’ allows you to set a non-negotiable price, but if you opt for an auction, buyers can place bids. This could mean you’re getting much more money for your clothes than you’d imagined.

eBay regularly runs ‘sell for £1 max’ promos every two or three weekends meaning the final value fee for items listed during this specific offer is capped at £1.

HARDLY EVER WORN IT (HEWI)

HEWI boasts an expert curation of brands for buyers and sellers alike. It’s designed for luxury fashion so it’s a great option if you’re planning on selling designer items. ELLE, Fashion Magazine added,

“HEWI is one of the most popular re-commerce stores out there, even industry insiders like models and celebrities have put items up for sale here.”

There are two types of accounts you can opt for on HEWI, an independent sellers account and a VIP’s account.

As the holder of an independent seller account, you are in charge of listing your personal items, sending the item to a buyer and dealing with all inquiries.
VIP account items are sold and managed by HEWI on behalf of a private seller. These items are photographed, stored and shipped from their offices in London and HEWI handles all queries and sales directly.

As with Depop and Vinted, there is no charge for registration and listing. HEWI takes 18% of the price paid for the item (plus VAT on commission), and you will receive the full postage amount paid. If you are a V.I.P. seller, HEWI’s commission is 35% plus VAT when applicable.

FACEBOOK MARKETPLACE

Facebook Marketplace is an ideal place to sell used clothing online in your area with free listing! All you need is a Facebook account and you can start gaining profits.

Once you receive an interested buyer, contact them directly to arrange the exchange of items and a payment option. Since the selling platform is free to use, you keep all the profit!

THRIFT+

Thrift+ supply over 250,000 quality-assured second-hand items. If you are looking to avoid the time taking photos, writing descriptions and dealing with buyers, Thrift+ take care of this for you.

Once your items are sent via a pre-paid bag, experts will photograph each item, suggest an accurate resale price for you to approve and finally sell the items on Thrift+ and eBay at the same time to give your item the best possible chance of selling.

Thrift+ do charge a fee, as you can see below.

CAR BOOT SALES

If you’re looking for an alternate way to sell your clothes, try a car boot sale! They are a great way to clear your closet and gain profits. Most will be looking for a bargain so be prepared to negotiate; you may not receive as large a cash sum as you hoped.

The fees are typically between £5-£15 giving you an aim when selling to make a profit. Check to see if there are local car boot sales near you!

CONTACT LOCAL BUSINESSES

The demand for pre-loved fashion is growing so it may be worthwhile to contact local small clothing businesses around your area to see if they buy and sell secondhand and vintage clothing.

CHARITY SHOPS & THE COMMUNITY

If you’re struggling to sell your unwanted clothes, charity shops rely on donations to raise important funds and clothing is always in high demand.

You might also consider supporting your local community by donating to homeless shelters and women’s refuges. Not only will you be contributing to improving the environment but you will be helping make a difference to people’s lives.

DON’T LOSE MONEY ON POSTAGE

It’s important to know the cost of postage prior to selling an item so you’re prepared to add the additional price on top of the selling price. If you would like more security or certainty that your package will arrive, then paying for tracked or signed delivery is the solution but it’s important to keep hold of your proof of postage in case there are delivery issues.

WHY SHOULD YOU CARE?

Selling your clothes can be a fast and easy way to make extra cash. There are good reasons why people sell clothes online. Some do it for the adventure. Some for the money. Others like the sense of sustainability and community that comes from selling to other people.

You might even discover you are quite the entrepreneur.

 

Photo credit: Hilltop Finance