Once upon a time I thought that it was a grand idea to save myself hundreds of dollars by selling the used items my children no longer needed to local consignment shops, until one day I realized I was ripping myself off. With the glory of being able to resale your used items yourself online, you have the ability to make more money from your used items and in some cases, triple your money that would you get from selling those items to a resale store.
Over the years I have tried out of curiosity time and again to sell my children’s gently used items for either cash or store credit. It is true, that many resale stores such as Once Upon A Child and Plato’s Closet do give you more store credit for your items than if you were to ask cash. As a matter of fact, many stores like those just mentioned don’t give you cash at all anymore. They just prefer to give you the credit.
I learned the stores give you store credit mainly for two reasons, one they are overstocked on their items and this helps them get the shift going of moving items in and out of the store. Two, this prevents you from shopping for items you need anywhere but they’re own store. Tricky and smart indeed.
However, when I take items into a store that is worth at least twenty dollars by selling it myself on Ebay and Once Upon A Child is only willing to give me three dollars in store credit for the item, it just doesn’t seem worth the hassle. Not to mention the eight dollars in gas it took me to get the to store and back so they could tell me if they would accept the items for resale.
Once the light bulb struck with radiance over my head, I realized I was actually bringing in more money (twenty to thirty dollars for some items) that the resale stores were only wanting to give me two to five dollars for. Not to mention the gas it took me to get there and back.
Before I knew it, I was making fifty to one hundred dollars a week- sometimes a day by simply reselling the items myself.
So how did I do it?
I began using Ebay until I realized how easy it was to create a group on Facebook where I could sell items locally as well. By selling items on Facebook, Ebay and Craigslist I was able to create my own income and a larger profit. It took some work on my part but it was well worth it to have the extra money to spend verses what it was costing me to travel to a resale shop that wasn’t willing to give me even a quarter of the items worth.