Got some unwanted or unused items lying around at home? Well, turns out you’re not alone as 85 per cent of Aussies report having pre-loved or unused items in their home.
That’s right — according to Gumtree’s 2020 Second Hand Economy Report, the average Australian household is sitting on an estimated $5,800 in unused or unwanted items, with approximately 19 unwanted or unused items laying around the house.
So, whether you want to save some money or, better yet, make some money, with the help of financial expert Glen James, we’ve rounded up seven top tips for successfully selling and buying on Gumtree.
For example, if you’re selling an old game console your children or grandkids use to play on, throw in some extras like a game or accessories to seal the deal. “It also helps if you’re trying to declutter your home of unused items and make room for some new things,” Glen says.
Glen says it’s important to remember that you’re selling the item and ultimately have the power at the end of the day to decide on the final price. So if you’re not happy with the price someone is offering, it’s okay to say no, he says, adding: “You can always pause or edit your listing to make the description more detailed and wait for another offer.” And as a general rule of thumb, don’t start with the lowest price first.
Whether you’re selling or buying, Glen says to make sure you dedicate time to research what’s out there to help you understand the average price of similar items. “There are a few rules to it: search by brand, search by style and search by similar age — both new and used,” he says.
According to Glen, money really does grow on trees, well plants for that matter. He says with the recent boom in plants if you have any houseplants at home, propagate them and sell the new cuttings online. “These are big sellers on Gumtree, so think like a business expert — low cost, high margin and money will grow on trees,” he says.
Want to increase your chances of selling an item? Glen says to make sure you respond promptly to messages from potential buyers. To do this, make sure you turn on your notifications through the Gumtree app to avoid missing any messages.
Glen says adding a shipping option to your listing may also increase your chances of selling an item — and in this day and age, a contactless delivery option is always a plus!
If you’re thinking of tossing out an old piece of furniture, don’t! Why not restore it and then pop it up online? You’ll save a trip to the dump and also make a bit of extra coin on the side. “Often a wooden table or chair just needs a good wash and a polish with any wood oil or polish you have around the house,” he says.
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