I sell loads on Vinted thanks to my simple ‘relist’ rule that I stick to every day
A VINTED expert shared a great tip: this will make your sales on the site go “crazy”!
Vinted is an online marketplace where people can buy and sell second-hand clothing, shoes and accessories.
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.
Savvy salesperson Cat took to TikTok to share her secret to generating big sales.
She said that she removes the oldest item from her Vinted page every day.
She then re-lists the item, using different images and more keywords in the description to attract more buyers.
Cat repeats this every day. So every day she removes one item and then puts it back.
Because Vinted filters searches for the newest items, one of her items is always at the top of the search results, making it more likely that buyers will click on her profile and buy more items.
“If you do this every day, your sales will skyrocket,” she said.
Video of Cat, which was posted under the username @catminimariehas probably impressed many people, as the video has been viewed more than 92,000 times on the video platform.
TikTik users rushed to the video’s comments section to share their thoughts.
Someone said, “I did this yesterday and sold three items!”
A second person said: “Great tips!”
A third person added: “I’ve made almost £5,000 on Vinted in five months.”
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 can be 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 tax-free allowance of £1,000 for people trading for profit.”
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