I made almost £10k on Vinted – why you should turn off bundle discounts
A woman has revealed two top tips for Making money on Vinted – and it’s a lot easier than you might think.
Lisa, who has made almost £10,000 selling her old items on Vinted, has revealed her quick tricks for really increasing sales.
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So if your wardrobe is full of old clothes and shoes that you never wear and you want to turn them into cash, then you have come to the right place.
This self-proclaimed ‘bit of a collector’ has sold everything from jewelry, toys, books, clothes, shoes to handbags via the marketplace app.
She recently confirmed that she made a staggering total of £9,707.70 on Vinted, cashing in a whopping £810.39 in just 10 days.
But now Lisa is sharing her top tips on how to make money online fast on social media, and why you should ignore bundle deals.
The savvy saver, who “sells on Vinted every day” and “makes hundreds of dollars on Vinted every week,” also revealed the key phrase you should include in your descriptions, and why the upload process is more important than you might think.
Lisa shared her advice online, saying: “I’ve created a series of five top tips on how to sell more on Vinted and make more money – this is the fifth one, listen up. It’s actually two in one.
“This is super simple, yet extremely effective.
“I don’t give bundle discounts because I use so many other tricks and gimmicks to generate sales that bundle discounts would work against me a little bit.”
Lisa shared what you can do instead of bundle deals, where you get a discount if you buy more than one item.
She explains: “I never sold bundles, I only sold individual items. I started posting ‘I’m doing a big clean-out, check out my other ads too’.
“The way you phrase it, ‘having a big clean out,’ sounds like you want to move stuff, you want to get rid of everything and you’re doing it for a bargain.
“You didn’t say it in those words, but that’s the impression it gives people.
“These people are going to look at the rest of your wardrobe.”
New Vinted rules to watch out for
IF you feel like cleaning out your wardrobe and getting rid of your old stuff on Vinted, you will have to take into account the new rules that have recently been introduced.
If people sell personal belongings for less than the original price (which is usually the case with second-hand sales), this has no tax implications.
However, since January 1, digital platforms including eBay, Airbnb, Etsy, Amazon and Vinted must share seller information with the tax authorities as part of a stricter policy.
If you only sell a few second-hand items online each year, you probably won’t have this problem. Normally, only business sellers who are looking to make a profit have to pay tax.
Since 2017, there has been a £1,000 tax-free allowance for business sellers trading for profit. A personal item is only taxable if it is sold for more than £6,000 and a profit is made on the sale.
However, businesses must now pass on your details to the Tax and Customs Administration if you sell 30 or more items a year or earn more than £1,700.
It is part of a broader tax campaign to ensure that people who increase their income through part-time work actually pay what they owe.
If you earn between £1,000 and £1,700, your details will not be shared with the tax office. However, you will still have to pay tax as normal.
Furthermore, Lisa revealed that the way you upload items to Vinted is crucial. She continued: “Here’s the second part of how you can sell even more.
“Upload similar items together. For example, if you have a few size 10 dresses, upload them all together. Then when people go through your closet, you’ll see them all together in one place.
“Children’s toys, you know, suitable for toddlers, make sure you put all those lists together.
“If you’ve ever been to a sales training course, you learn and are taught that people are lazy.
“The simpler you can make things for people, the better.”
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
Lisa claimed that these top tips have proven to be incredibly effective in to ride her sales, as she concluded: “Since I started putting those words on my listings, I’ve sold so many bundles, and remember, before I used those words, I was only selling individual items, I never sold bundles because I never had bundle discounts.
“But now that I use those words, I’ve sold countless bundles and large bundles, and people really want to get the most out of their shipping costs.
“That tip is, I think, one of the most successful things I’ve put into practice on my Vinted ads.”
Why I hate Vinted, a realistic view
Sarah Barns, deputy editor of Fabulous, explains why she hates Vinted:
It’s the king of second-hand fashion, but I hate Vinted.
There I said it. Yes, it keeps stuff out of landfills. Yes, it helps generate extra income for a side job for many.
And yes, you can get things for a bargain. But it’s just not my (shopping)bag.
From my own experience I have bought ‘cheap’ children’s clothes, but the clothes arrived dirty and misshapen.
And with the shipping and buyer protection it didn’t feel like a great deal. I’d much rather go to my local thrift store or grocery store for kids stuff.
I have also bought more expensive clothes – a dress from Arket and a skirt from Cos – but I found that they did not fit well and the colours had faded.
I tried to sell some stuff but gave up after my £110 Veja trainers got lost in the post and I spent two hours on the phone to Royal Mail.
One major downside is that it still encourages you to spend, spend, spend. I’m not sure I needed the items I bought, I just didn’t want to miss out on them.
The resale of fast fashion items – a £5 Shein top on Vinted for £17.50 – also makes me feel uncomfortable.
For many people, buying clothes has become a daily hobby, while it should actually be something they should only do once or twice a year.
But the 18 million Vinted app users clearly disagree with me.
The TikTok clip, which was posted under the username @lisaturn1pond roundhas clearly caused quite a stir, as the video has quickly been viewed more than 7,700 times.
Social media users were grateful for the helpful advice and were eager to share it in the comments.
Someone said, “I’ll try it! Thanks.”
Another added: “Copied because IT WORKS!!!!”
Meanwhile, a third person commented: “I wish I could sell one item let alone a bundle.”
