We can all use a bit of spare cash these days. Reality shows and online blogs point out our homes are full of stuff that can be sold to help make ends meet.
I’ve been selling on the secondhand market for years. In that time, I saw a lot of online marketplaces. Some are great, while others can be a major pain.
If you’re looking to sell some stuff around the house to make extra cash, these are the best online marketplaces to do it.
OfferUp was created in 2011 and has a fast-growing community online and through its mobile apps. You can quickly set up an account and list items for free. Sales and payments are made in person, so there are no transaction fees either. You can pay to promote your listings within the app, but other than that, it’s a quick and easy way to get your items listed and start selling online.
Etsy was founded in 2005 and has approximately 54 million members. It’s a popular side business for people selling handmade arts, crafts, jewelry, craft supplies, and items made from recycled or upcycled items. If you have a creative flair, it’s the perfect place to hustle your wares.
Letgo was created in 2015 and shows items for sale based on your geographic location. When you list an item, it’ll have a large photo and users can send you instant messages to make offers. It’s light, easy to use, and a great place to make local sales.
Poshmark is the largest social marketplace in the U.S., and it’s the perfect place to unload your used clothing. Most clothing resalers and consignment stores are a joke, and you’ll be lucky to make $10 for a $200 article. On Poshmark, you build your profile similar to Facebook and as your reputation grows, so do your profits.
Amazon is the largest eretailer in the U.S., and it’s not just for new items. You can list used items and benefit from Amazon’s large user base and seller tools. There are even lenders who specifically cater to Amazon sellers, so once you build up your income, you can take loans against your business for seed money to help it grow.
Eventually your online side business may outgrow these online marketplaces. At that point, you’ll want to create your own website and start utilizing SEO to target organic search traffic. Shopify is a one-stop shop to build an ecommerce website and start selling yourself without having to pay all the transaction fees involved with large marketplaces like eBay, Etsy, and Amazon.
Rakuten has been around since 1997 and is Japan’s answer to Amazon. Just because it’s based in Japan, however, doesn’t mean you’ll be limited to a Japanese option. Listing on Rakuten is similar to Amazon, and so long as you’re willing to ship international, you’ll find a lot of eager buyers to sell your old junk to.
Craigslist has been around since 1995 and is the definitive online classified marketplace. Whether you’re selling products or services, this is an essential place to advertise. Listing is free, so even if you list your products on another marketplace, there’s no harm in double listing on Craigslist.
Facebook Marketplace was launched in October 2016 and has quickly grown as an online garage sale. People list everything from products to food and gig services. Not only can you list in the global marketplace, but you can join public or private groups to list there and gain even more views from potential buyers.
Ebay started as an auction website in 1995 and has since grown into one of the largest ecommerce marketplaces online. I sell on eBay and love the convenience. PayPal and eBay verify the buyers and payments, and the U.S. Post Office provides free packing boxes and pickup at your door. All you have to do is create the listings, box your stuff up, and send it out to whichever of its 168 million users bought it. You have the option of short-term auction-style listings or long-term classified listings. It’s the best place to find a buyer for whatever you’re selling, no matter how exotic or unique.