I am a Vinted expert and sold my first item after 2 hours

A VINTED expert who sold her first item after just two hours has revealed her top tips for generating sales on the site.

Vinted is an online marketplace where people can buy and sell second-hand clothing, shoes and accessories.

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Uploading clothes to the app is completely free and Vinted doesn’t take a cut of sellers’ profits, instead charging buyers a small fee for each item.

Vinted pro Vicky Smith took to her YouTube channel, The Mummy Bell to the steps she’s going to sell her clothes soon

“Vinted is incredibly easy,” she said.

Sell ​​in small lots

Vicky said that when selling on Vinted you shouldn’t “sell a bunch of stuff at once”, but rather upload your clothes in small batches.

She explained that this way you can check what works and what doesn’t.

For example, she said she finds success when she posts between 7 and 9 p.m. because that’s when the site gets a lot of traffic.

Photos

Vicky said it’s absolutely “crucial” to make sure you take your photos in good, natural light.

She added that it’s best to make sure the background of the photos is plain and to hang clothes so that sellers have a good view of them.

Honest description

The Vinted fan said that another way to generate more sales is to be very honest in the description.

For example, if your item is size 12, it is wise to indicate whether the size is correct, or whether it is slightly larger or smaller than you would expect.

“You could also include the year you bought it and how often you used it,” she said.

Vicky talks about her experiences with Vinted: “It’s very easy to use, I’ve noticed that things change very quickly,” she says.

Online marketplaces like Vinted and Depop have millions of users in the UK and the cost of living crisis is only making them increasingly popular.

Do I have to pay tax on items I sell on Vinted?

FAST tax facts from the Vinted team…

• The only time an item is taxable is if it sells for more than £6,000 and there is a profit (sells for more than you paid for it). Even then you can use your £3,000 tax-free capital gains allowance to offset it.
• Generally, only business sellers who trade for profit (buying goods with the intention of selling them for more than they paid for them) are required to pay tax. Business sellers who trade for profit can take advantage of a £1,000 tax-free allowance, which has been in place since 2017.
• More information here: vinted.co.uk/no-changes-to-taxes

Financial pressures on UK households saw sales of second-hand goods rise 15 per cent to £21 billion in 2022.

According to research commissioned by review site Trustpilot, one in six people say they now buy second-hand items.

So this is the perfect time to make some extra money on sites like Vinted.

According to the popular platform, sellers do not have to pay taxes on the revenue they generate through the site.

According to HMRC, this is because the sale of personal items through platforms such as Vinted is not taxable in itself.

“If the money a member earns on Vinted in a year is less than the amount he paid for the items he sells, he does not have to pay tax,” a Vinted spokesperson explains.

”In general, only sellers who ‘trade’ for profit have to pay taxes.

“Since 2017, there has been a £1,000 tax-free allowance for people trading for profit.”

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