I love making cash on Vinted but it can get overwhelming – my ‘go slow’ tip means more shoppers will come to you
A VINTED whizz has shared her top tips for selling your old clothes for cash.
Vinted is an online marketplace where people can buy and sell second hand clothes, shoes and accessories.
It's completely free to upload clothes to the app and, unlike other sites like eBay and Depop, Vinted does not take a cut of sellers' profits and instead charges buyers a small fee to purchase each item.
Louise Ward shared her top tips for flogging your belongings online via a video posted to her TikTok channel, where she is known as @courtyardcreative.
"If you're having a declutter and getting rid of things and you need to make some money, Vinted is a great place for selling clothing and shoes", she said.
Louise explained that selling on Vinted can be a little overwhelming, if you have a lot to list but added that the best thing you can do is list your items on the site gradually.
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"Your things are more likely to get seen if you put on one thing a day instead of all at once", she said.
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.
"Just do it slowly and you should get better results".
Another of Louise's tips is to make sure to label all of your Vinted parcels with a little description of which items are which, so you don't end up sending them to the wrong person.
"I have been known to do this", Louise admitted.
Louise's video has likely left many impressed, as it has racked up over 66,000 views on the video sharing platform.
TikTok users raced to the video's comments section to share their thoughts on Louise's tips.
One user said: "Great tips. I've also posted the wrong item to the wrong person!"
Another person said: "I love Vinted. It's a great place for buying and selling".
A third person said: "I started selling things I wasn't wearing a few weeks ago and I've made £400".
Online marketplaces like Vinted and Depop have millions of users across the UK, with the cost-of-living crisis only increasing their popularity.
Financial pressures in British homes saw sales of second-hand goods jump by 15 per cent to £21 billion in 2022.
One in six people now say they buy used items, according to research commissioned by review site Trustpilot.
So, now’s the perfect time to make yourself some extra cash on the likes of Vinted.
According to the popular platform, sellers do not have to pay tax on earnings they make from the site.
This, HMRC stated, is because selling personal items through platforms like Vinted is not itself taxable.
''If the money a member makes on Vinted over a year is less than the amount they paid for the items they are selling, then there is no tax to pay,'' a Vinted spokesperson explained.
''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 people who trade for profit.''
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