| FFA Nation

Turn Clutter Into Cash With Online Selling

Jessica Walker | 05/10/2010 |

It’s summertime! Finally, a season for you to enjoy life outside of your school building, with no homework, no books and no teachers' dirty looks. But wait – is “no cash” on that list, too? If so, don’t panic; you may have everything you need to make a quick buck – right in your very own closet.

By using websites such as Craigslist and eBay, selling your used goods can be easy and profitable. Dan Danford, principal/CEO of the Family Investment Center in St. Joseph, Mo., has a few tips on how to turn your clutter into cash.

What To Sell

First, determine what you have that will sell well. Danford suggests looking for electronic items, like games and cell phones, as well as sporting equipment. But if you’re considering selling your used clothing and shoes, think again.

“If your expectation is to make lots of money selling clothes, you’re wrong,” says Danford. “The truth is, a used pair of shoes is worth $2 – no matter what brand they are.”

Asking Price

After you’ve figured out what you want to sell, you need to decide how much money you’re willing to take for the goods.

“It’s not hard to establish price on used stuff,” says Danford. He suggests logging onto eBay and checking how much items similar to yours have been selling for recently. Taking the time to do this may serve you well; you might even be surprised at how much your item is worth.

Be Considerate

There’s a certain etiquette that should be followed when it comes to online selling. Danford strongly suggests posting photographs of your items; doing so allows potential buyers to see the quality of the goods for themselves and helps to establish trust. He also encourages sellers to be honest.

“Don’t try to trick somebody into buying something,” says Danford. “The more information you can provide, the better.”

Stay Safe

While online buying and selling can be fun, it can also be dangerous.

“On eBay, your primary risk is financial,” says Danford. This is because goods are typically sent in the mail, not personally picked up or delivered. “Check the pictures of the items and the reputation of the seller,” he says. When using Craigslist, take extra precautions. “Craigslist is more complicated,” says Danford. “Meet during the day in a public place and take someone with you.”