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7 Important Factors To Consider When Reselling Items Online

Nowadays, it is easier than ever before to sell items online. We’re talking clothes, bikes, furniture, instruments, or whatever else you may have laying around your home going nowhere and never being used. But, there’s plenty to think about when reselling items. It’s easy to do, but not always easy to get right. So, we’ve gathered 7 important factors to consider when reselling your items online. These are the things we think everyone should keep in mind no matter what the item is they are selling.

The Quality Of Your Items

First, you need to decide what you’re going to sell and assess what sort of quality they are in. For techs like phones or laptops, any slight damage can massively affect the price as it changes people’s visual perception of the items. This is less important in other categories such as bicycles, for example, where people may be more concerned with the mechanics. If you’re selling clothes, which is by far the most common reselling category online, any damage is important. Most of our second-hand clothes are in good condition. After all, we wash, iron, and hang them up every time they are used. Pick the items that are in the best condition to sell, as they will gather you the best financial return.

Prices Across The Web

Once you know what you’re selling, it’s important to get an estimate of the item’s value. The best thing to do here is to spend some time looking to get sales prices using some online tools. All you need to do is enter the name of the product, model, or brand you are selling and these handy tools will search the web on your behalf, returning you a list of similar products and what prices they have sold at. It is then up to you to price your item accordingly. You could choose to price your item a little lower, meaning it could potentially sell more quickly. Or, you could go at the higher end of the spectrum and wait it out for a little more money. The choice is yours!

Platforms For Reselling

So, you know what you’re selling and how much you want to sell it for. Now, you need to decide where online you are going to sell it. It’s worth noting that different reselling sites are better for different types of items. Do some research into what platforms are best for your particular item. For example, Depopis quickly becoming an industry leader in the reselling of clothes, whereas eBay still tends to lead the way for technology resales.

Quality Photos

It is vitally important that you take good quality photos of your item, posting them wherever you decide to list your item. Bad photos can make items look worse, and a lack of images – or clear ones – often puts people off bidding or buying an item. What you want are 5 or so clear pictures that show your item from a distance, close up, and from different angles. Be sure to take photos of any damage as well, to avoid problems with disgruntled customers further down the line.

Clear Descriptions

Alongside quality photos, you need a clear and concise description. Again, it is important, to be honest here, to detail all the product’s damages as well as its selling points. Any misleading info can lead to disputes, negative feedback, or poor reviews. To get the most out of reselling, it is best to be honest.

Communication With Buyers

One thing to consider is the way you will be communicating with buyers. Most apps and platforms have a built-in messaging system meaning fast and easy communication. Everyone is different, but most buyers like to be updated about the sale. Let them know when you have received their money and posted their item. Good communication keeps people coming back for more, as they trust you as a seller.

Proper Payment Methods

Finally, make sure you are set up properly to receive payments. Again, most apps and platforms assist you with this, using services like PayPal to integrate payments. Make sure you are set up with this, and never accept payment in any other way. People might promise you a cheque or cash in the mail, but it’s best to stick to regulated online payment methods in case of any disputes over sent/received payments.

With these 7 things in mind, you should be ready to get online and start reselling your items. Remember it is best to use registered marketplaces and regulated payment platforms. Do your research on your market, then get selling.

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