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A WOMAN who made £100 in five days on Vinted and used the money to pay off her mortgage has revealed her top tips for generating sales.
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.
Lara Joanna Jarvis shared her tricks on YouTube for quickly making sales through the video platform.
Photos
The smart salesperson explained that when taking photos of the clothes you want to sell, make sure you are in a bright room and that the background of the clothes is even. This way, the clothes will stand out to their best advantage.
She added that it’s important to take pictures of yourself in the clothes so buyers can see what it looks like.
“Sometimes I only buy things if there’s a picture of someone wearing it,” she said.
Description
Lara suggested that it’s important to fill your item description with as many keywords as possible, such as “great fit, great quality, flattering, comfortable,” so that the item appears in as many people’s search results as possible.
“I find it annoying when people don’t put a lot of information in a piece of clothing. For example, I want to know if it’s brand new, if it can only be dry cleaned and if the size is correct.”
Packaging
Lara said that to save money on packaging, she reuses and turns the packaging of products she’s already purchased inside out.
She added that she includes a little note with every order thanking the buyer for their purchase, hoping they will leave a good review.
“I made about £100 a week, so it shows you can make a lot of money selling things you don’t love anymore,” she said.
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.
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.
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
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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