I’ve raked in over £10k on Vinted – I started with my old clothes & now a little-known site helps me cash in
A CASH-SAVVY mum has revealed how she went from flogging items she was no longer using to raking in over £10,000 on Vinted.
With the rising costs making our wallets feel tighter than ever, millions of individuals are on the lookout for easy ways to make some extra cash.
One such viral side hustle is Vinted - a platform similar to eBay and Facebook Marketplace where you can sell pre-loved clothing, technology and so much more.
Since its launch in 2008 by two Lithuanians, the platform has grown massively - in the UK alone, it has an astronomical 16 million users – nearly one-quarter of the population, as reported by The Guardian.
With the sellers enjoying the benefit of listing without commission and the buyer dealing with the service fee of the postage, it's easy to see why the tech start-up has become such a major hit all over the world and amongst Brits.
But if you ever feel like you're not making any sales and the old rags are just taking up unnecessary space in your wardrobe, one seller, mum Isabella, may have the solution.
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Despite joining Vinted just seven months ago, in December 2024, the cash-savvy mum has made an eye-watering fortune of £10,470.
According to Isabella, who posts under the username @isabella.98x, she kicked off the side hustle by flogging stuff she ''no longer used''.
However, the mother then ventured into selling items she had spotted elsewhere, such as at car boot sales and second-hand shops.
More recently, she shared in a video, Isabella has started sourcing a range of products from a little-known site - Fleek.
Whether you're on the hunt for jeans, polo shirts or even Lululemon gear, the wholesale marketplace offers a huge variety of true vintage clothing - which is a strong trend on Vinted.
Some of the brands to look out for include Levi's, Burberry, Nike, The North Face, as well as the legendary and iconic Doc Martens - and more.
Spilling the beans on how she's managed to make a fortune, Isabella said in the comments that consistency was key.
''Just been very consistent with posting everyday and trying to source things to sell weekly.''
Following the huge success, the mum has also become ''a fully registered business who declares everything'' to comply with the new Vinted rules.
Firms like Vinted now have to pass on customer data to HMRC if a user sells 30 or more items a year, or earns over £1,700.
New Vinted rules to be aware of
IF you fancy clearing out your wardrobe and getting rid of your old stuff on Vinted, you’ll need to consider the new rules that recently came into play.
If people are selling personal items for less than they paid new (which is generally the case for second-hand sales), there is no impact on tax.
However, since January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You're unlikely to be affected if you only sell a handful of second-hand items online each year - generally, only business sellers trading for profit might need to pay tax.
A tax-free allowance of £1,000 has been in place since 2017 for business sellers trading for profit - the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.
However, firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over £1,700.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
While your data won't be shared with HMRC if you earn between £1,000 and £1,700, you'll still need to pay tax as normal.
The new rules were brought in from the start of 2024. Before that, some people making extra income still had to report their profits to HMRC.
But now Vinted and other selling platforms and marketplaces like Depop and eBay share data directly with the taxman.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
''I also resell on Amazon and eBay so already have a business set up for that so I just added this onto my business too,'' Isabella went on.
'10k on Vinted is insane'
Since being shared online, Isabella's epic success has left people open-mouthed, as the video racked up close to 250k views in just one day.
More than 2,400 social media users gave the clip a like, as a further 162 flooded to comments.
One seller cried: ''lmfao i've only made £60 must be nice.''
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''Go on then!!!'' a second chimed in.
''10k on Vinted is insane,'' another couldn't believe the astronomical sum.