Have you recently upgraded the equipment or technology in your store? Are you thinking about upgrading, but don’t know what to do with your old equipment? The stuff you’re getting rid of originally cost you a pretty penny. It would be nice to get some return from it when it’s time for those old items to retire. Here’s some good news: You can make money with your used items and get rid of the extra clutter in the process.
How do you make money with your old chainsaw, or recently outdated office computer? Why, by selling it online. This method can be used for small business as well as homes or work spaces. There are many easy-to-use websites to advertise with. Through these sites there are good methods, better methods, and last resorts.
Use this summary of each method to decide how to sell used items from your store, office, or home. You don’t want that annoying clutter sticking around! The dust bunnies don’t need more company.
eBay is one of the most popular ways to sell items online, and is a good way to appeal to people globally. It is an online market where nearly anything is being traded between buyers and sellers.
How does it work?
Once an item is listed, a seller can choose between the “Buy It Now” and a bid-based purchase option. The “Buy It Now” selection allows the seller to choose a price, and wait for the first customer to bite. The bid option allows the seller to pick a starting price, and then watch bidders as they up the ante. Once the sale has timed out, the highest bidder takes the prize.
Items to sell on eBay:
- Bundled items
- High-priced equipment
- Books and manuals
- Games, movies, or CDs
- Electronics such as old phones, speakers, and handheld devices
- Brand / high value clothing
Benefits of using eBay:
- Purchases are easy to track
- Sign up for free
- Communication with the customer is simple
- Online payment is quick
- Customer contact information is received quickly
- Global market lets you appeal to more people
Downfalls of using eBay:
- Not good for selling low-priced items
- Shipping costs to send an item are potentially expensive
- Large or heavy items are difficult to ship
- A Paypal account is potentially needed
If eBay isn’t the option you choose to sell your items, there is still a good use for it. eBay gives you a list of global prices so you can get a good idea what the product is selling for. eBay is option number one for a good reason: If your equipment and items don’t sell globally, you still have the option to get rid of them locally.
Start making money by trying to sell your equipment on eBay. Whatever doesn’t sell can get stuck on Craigslist.
Craigslist is a local classified forum, just like the one you read in the newspaper. This site gives you a large list of items, job positions, events, discussions, and services that are in your local community. Craigslist is mostly free, and offers just about anything you could be searching for. Craigslist is a great place to list anything that you want to sell.
How does it work?
If it doesn’t sell on eBay, it’s time to move on to Craigslist. Listing used items on Craigslist is simple, quick, and easy. Choose a category for your item, write a paragraph about it, add a picture (this step is optional, though it increases your chances of being contacted by a bazillion), choose a price, and then post the item. Once the item is listed in the classifieds, the wait begins.
It is a good idea to list your phone number so your potential customer can contact you directly.
Items to sell on Craigslist:
- Large or heavy items like washers, dryers, and computers
- Office or house appliances
- Clothing and shoes
- Musical instruments
- Sports equipment
- Bulk items such as bags of yarn or unwanted car tires
Benefits of using Craigslist:
- Anything can be sold, even services
- Sign up for free
- Items have the potential to sell quickly
- No shipping costs are required
- Local customers
- Quick inspections of items being sold
Downfalls of using Craigslist:
- Reach is smaller – crowd is local instead of global
- There aren’t always comparable items to base your pricing on
- Meeting with buyers takes time
- If there are no offers, prices may need to be based on the best offer
Really, there are some items that people just aren’t looking for. I know, I know: it’s hard to understand why people don’t want rusting shovels or worn vacuum cleaners. It’s a real mystery. If you end up having to relist your item multiple times, and still haven’t gotten any offers, then it is time to either change your price or have a yard sale.
3. Yard Sale / Garage Sale
Having a yard sale is a last-ditch effort to rake in some cash (or maybe a way to get rid of lots of stuff in one afternoon). Yard sales usually have affordable prices, and are available locally whenever the weather is nice. You should try counting how many garage sales you see on the first day of summer. It’s crazy how many people are getting rid of their trinkets after spring cleaning.
Sell anything and everything at a sale like this: you want all that clutter to leave you alone for good! Do whatever you can to chase away the dust bunnies and their unnecessary friends.
How does it work?
A yard sale is just what it sounds like: A sale, right there on your yard. It might take a bit of time to set up the sheets, tables, or stands for your items. Having these physical displays allows customers to roam about and pick their items. Usually there is a fair amount of bartering, unless your prices are low enough to tantalize full wallets.
Be sure to advertise for your sale! Usually those scribbled signs on the street corners will do the trick, but a more effective way to get more customers is to use Craigslist and other online sites to shout out that there’s going to be a sale. Even if you can’t sell items online, you can still advertise for your sale. I know quite a few people who always keep their eyes on the large number of sales going on locally.
Items to sell during a yard sale:
Benefits of having a yard sale:
- Another chance to make money with anything you couldn’t sell online
- Direct control over prices and bartering
- Control over lowering of prices in order to sell items more efficiently
- Drag family and friends in to help
Downfalls of having a yard sale:
- Poor advertising will make sure no one shows up
- Set up and take down include a lot of work
- Items must be priced before the sale
- Weather can chase everyone away and destroy your stuff
- Constant supervision is necessary
If your items still haven’t sold after a day or so of yard sales, then it’s time to let them retire. There are some items that just need a new home even when no one is willing to pay for them. The last ditch effort doesn’t always work out in your favor, but there’s still hope! In fact, whatever’s left over can be stuck in boxes and carted off to Goodwill or given to a local charity.
While this isn’t a way to make money, it is definitely a way to get rid of clutter. Goodwill works toward making our community a better place. The jobs created help our local job rate, and the low prices give everyone a chance to keep up in our high-priced world.
Perhaps you skipped right to this part, and didn’t bother trying to sell your items. Maybe you’re just looking to get rid of the last box of unwanted equipment. Good news! You get a tax write-off every time you take things to Goodwill. What better way to get rid of your unwanted mess than to get a tax write-off?
Items to give to Goodwill:
- Anything in re-selling condition
- Office / home appliances
Benefits of giving to Goodwill:
- They sell your stuff so you don’t have to
- Takes little time to drop the boxes off
- Counts as a tax write-off
Downfalls of giving to Goodwill:
- No cash return on your items
- You have to drive to your local Goodwill or find a truck drop-off
If this last resort doesn’t work, then you’re fresh out of luck! Any items that Goodwill refuses to take are free game. Offer them for free, or find someone willing to take them. If you still can’t find any takers, it might be time to just dump that unwanted junk in the trash. ;)
It’s time to get rid of your unwanted clutter
When you upgrade your office, or just have things laying around and waiting to become pillars of dust, it’s time to find a way to sell them. It’s always nice to get some amount of return on items or equipment. Some investments aren’t worth trashing! Before just throwing your old stuff out, try to sell it.
Sell your items through global or local markets (or anywhere you can). Make money with your old equipment through online means! Now go forth and sell things. Good luck finding buyers as you sell used items from your store or home!
Do you have another way to sell your unwanted items and equipment? Let us know in the comments below!