I’ve made nearly £100k selling on Vinted – I NEVER accept anyone’s offer, there’s a reply that will increase your sales
HAVE you joined Vinted in hopes to rake in hundreds - but haven't managed to sell anything so far?
One savvy seller, Irem, has taken to TikTok to spill the beans on how she made a fortune on the platform, with her earnings allegedly sitting at over £100,000.
According to the woman, those flogging their items on Vinted - whether that's your wardrobe, tech or beauty buys - should be aware of three common errors that could impact their sales.
''I have almost made £100,000 selling on Vinted alone, so I have pretty good experience doing this,'' Irem said in the video, before sharing her top tips.
Never reserve
One of the features that make the mega second-hand platform a firm favourite amongst buyers is the 'reserving' option.
However, while buyers might be raving about it, Irem explained why the option to reserve the goods may not work in your favour as a seller trying to rake in.
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''Honestly, 90% of the time I guarantee they will not go ahead with the purchase because you've given them so much time to think about it.
''If they wanted to buy, they would find a way,'' said Irem who said she used to do so in the past and ended up ''wasting'' her time and ''losing potential buyers''.
Don't accept offers
For the whopping 16million UK Vinted users, the platform, which was launched in 2008 by two Lithuanians, is all about finding the best bargain and haggling.
However, according to Irem, you should never accept anyone's offer, even when you might be desperate to get rid of the item and make some extra cash.
''I know this sounds crazy but whenever I accept someone's offer, they never actually buy.
''But if I counter it by £2, £3, they always, always buy. I can't tell you why this exactly works - it just does.''
Raving about this tip, Irem claimed that she's had a number of followers message her and say that the trick has worked for them too.
Don't keep old listings for too long
Last but not least, the selling pro also advised to get rid of listings that have been sitting on your page for some time now.
This, she explained in the informative clip, will only ''deter potential buyers when they see it was listed six months ago or a year ago''.
''Subconsciously, they're gonna think 'No one wanted this item' - so you're not making your product desirable.''
What you should do instead, she added, is remove the listing, take better snaps of the item and then relist it again - this will make ''the Vinted algorithm push it to buyers''.
Do you need to pay tax on items sold on Vinted?
QUICK facts on tax from the team at Vinted...
- The only time that an item might be taxable is if it sells for more than £6,000 and there is profit (sells for more than you paid for it). Even then, you can use your capital gains tax-free allowance of £3,000 to offset it.
- Generally, only business sellers trading for profit (buying goods with the purpose of selling for more than they paid for them) might need to pay tax. Business sellers who trade for profit can use a tax-free allowance of £1,000, which has been in place since 2017.
- More information here: vinted.co.uk/no-changes-to-taxes
Hundreds of fellow fans of the platform flocked to comments to share their thoughts, with one writing: ''Heavy on not reserving!''
A buyer urged: ''I don't sell things on vinted but if y'all sell clothes, TAKE PHOTOS WITH THE CLOTHES ON.
''Women sizing sucks so I never know if it will fit me unless people have it on.''
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Someone else chimed in: ''I only reserve to people if they are offering full price, and I’ve sold to them before with no issues.''
''all 100% facts,'' a fourth thought.