Get the latest in savings. Like us on Facebook.

How to Get Money for Your Clutter

Posted 10:00AM 09/06/11 Savings Experiment, Shopping |
How to Get Money For Your JunkYour home has become a depository of stuff you have no use for anymore -- from that peasant blouse that looked cute 10 pounds ago to the MP3 player you unceremoniously ditched after falling in love with your iPhone.

Want to unload your junk and make a quick buck in the process? Here's a rundown of ways to offload all manner of things -- from used electronics and computers to clothes and jewelry -- in exchange for cash and/or store gift cards.

Get ready to declutter and reap some financial rewards.

Turn 'Re-Commerce' into Cash

Maybe old cell phones are taking up space in your desk drawer. Or perhaps a vintage Xbox has been collecting dust in the hallway closet ever since your kid upgraded to the Xbox 360.

Trade-in recycling programs are a great way to get back some of the money you've dropped on now-obsolete electronics. The practice is called "re-commerce," and a number of companies and retailers are getting in on it.

For example, Gazelle.com, a trade-in and recycling firm, helps people sell more than 250,000 consumer products -- from cell phones, laptops and tablet computers to digital cameras and video gaming consoles. The company assesses the value of each item based on supply and demand in the market, and the item's condition, Michael Schneider, a Gazelle spokesman, tells DailyFinance.

"The average consumer gets $100 in cash back when they trade in an item on Gazelle.com," Schneider says.

If the item is worth more than $1, the company will send consumers a free box to ship it. If it turns out the item has no value, the site will recycle it for free -- so at least you'll have done some environmental good.

The company also runs the online programs for retailers such as Walmart (WMT), Costco (COST) and Office Depot (ODP), among other merchants.

In exchange for turning in their used electronics, shoppers can also get gift cards at these stores, and Gazelle plans to spread the program to other retailers, Schneider says.

If you want an instant reward for turning in your used electronics, NextWorth.com, the trade-in recycling firm, and Target (TGT), are more than happy to oblige. Via its partnership with NextWorth, the discounter operates Target Mobile Centers at over 1,450 Target stores nationwide.

Shoppers simply bring their old electronic devices to a Target Mobile Center for appraisal, and receive store credit for them.

"The biggest point of difference [from other trade-in firms] is our in-store presence," which offers convenience, as well as "in-store offers and on-the-spot payment," says Ashley Halberstadt, a NextWorth spokesperson.

And like Gazelle, on the NextWorth.com site itself, consumers can also trade in their used electronics for cash.

Be an eBay Expert

It's no secret that people buy and sell a huge variety of goods and services -- practically everything -- on eBay (EBAY), which bills itself as the world's largest online marketplace.

But there's an art to getting the best return for your unwanted clothes and accessories, for example.

For one, it's about knowing "what to list and when, popular brands and pricing considerations, and of course, the year-round top 10 fashion items that sell well," Johnna Hoff, an eBay spokesperson, explains.

In no particular order, Hoff says, these include: shoes, handbags and purses; shirts and tops; children's clothes -- "bundles of clothing especially sell -- for example, sell baby clothes in a specific size all together" -- women's intimates, dresses, jeans, and men's outerwear.

For a detailed guide on how to get the most out of selling on eBay, consult the company's Fashion Selling Guide, a comprehensive primer on what sells well on a seasonal basis, such as backpacks in the fall; hot-selling brands, from Levis jeans and Nine West shoes to Kate Spade handbags; and how to present what you're selling to nab the best price.

Also, eBay offers a mobile app that allows sellers to list items on the go, and has a research feature indicating how much similar items cost, Hoff says, "making listings even quicker."

Tap Social Selling

YardSellr.com taps social networks to get the word out about what you're hawking through Facebook and Twitter.

While eBay, for example, mostly charges a fee to sell your stuff, YardSellr is free. You can sell everything from clothes and jewelry to musical instruments and old Barbie dolls.

Add a Comment

*0 / 3000 Character Maximum

118 Comments

Filter by:
Dakota

How to make thousands from a small investment

http://thatcoolguy.freeforums.net/index.cgi?board=general&action=display&thread=1&page=1#1356640527

December 28 2012 at 4:10 AM Report abuse rate up rate down Reply
Financial Bin

Just a thought -- wonder if you could Pinterest to accomplish the same results ...

http://Financialbin.com

June 14 2012 at 12:15 PM Report abuse rate up rate down Reply
maristella

The most important thing to consider first is that the site you choose to take care of your used items should be honest and trustworthy. Then considered next would be the appropriate price for your stuff. CashforSmartphones.com is a site that you can also trust when you want to sell or unload you used gadgets online.

May 24 2012 at 4:28 PM Report abuse rate up rate down Reply
dmantics

craigslist.com is the way to go for guys. If you are a woman I wouldn't necessarily do it. But for guys you can sell stuff pay no commission and get cold hard cash. Just follow the Craigslist rules which I list in my blog and you will be ok.

http://themoneywhisperer20.blogspot.com/2011/08/craigslist-one-mans-junk-is-another.html

It's not a completely serious piece but I have made good money on craigslist. You would be amazed what people will buy that you would normally just throw away

Dan

May 06 2012 at 1:50 PM Report abuse rate up rate down Reply
uli2liv

Look, don't even mention ebay. There is like 99% sellers and 1% buyers, basically all sellers with no buyers. Don't waste your time and please don't crowd it even more with a bunch of worthless "clutter", and ANOTHER seller!. Just give your stuff for free to people who can use it. Ebay is OVER!

October 14 2011 at 1:14 AM Report abuse +1 rate up rate down Reply
gaumishang

As a 10 year veteran eBay member, I would advise that NO-ONE TRUST OR USE EBAY. The company has proven to be run by inept and discourteous thieves and teenagers, MONEY GRUBBING THUGS who will stop at nothing to steal your money, put you out of business, and generally make your life miserable wherever possible. Although I have been a member since 2002 and have 100% positive feedback, because of only SIX "one or 2 star ratings" out of almost 3000, they have limited my returns in search results, stripped me of my top seller status, removed my power-seller discount, and finally as of late (SEVEN MONTHS AFTER THE LAST one or 2 star RATING) ACTUALLY LIMITED MY PAYPAL ACCOUNT'S RETURNS TO ME ON MY PERSONAL ITEMS I HAVE SOLD and refuse to pay me my own money until I "develop a successful sales history". Honestly what could be more successful than 150 PAGES of 100% positive feedback? I am sorry for the thousands of dollars in fees I have paid them in salaries for their improprietous, thieving, and often immature (try talking to one of their teenage yuppy surfer reps on the phone), and only because I have so much stock and investment am I forced to continue my sorry relationship with them. I am a public servant and community figure in everyday life and possess a BA, MAH, and BSEd, certainly no slouch generally. BEWARE OF EBAY, DO NOT USE THEIR "SERVICE" AND TO EBAY: "GO TO H-LL!!!!!!!!!!!!!!!!"

October 13 2011 at 9:11 PM Report abuse rate up rate down Reply
dachbackworld

How can you make money when you sell somethingfor less than you paid for it. Kind of like having a rummage sale and having to pay extra income taxes. If you played your books right you would have had a tax write off.

October 13 2011 at 9:07 PM Report abuse rate up rate down Reply
visneaushaw

I refuse to donate OR shop at Goodwill Industries (or Salvation Army, for that matter). Oh, I'm sure they do some people some good, but I bristle at their prices - went in looking for a button-down collar white blouse/men's dress shirt I had to have for my "uniform" to work at the race track in catering (seasonal, part-time job for spending money in addition to my regular job), and only needed it to wear maybe 6 - 8 times and then put it away til next season. Granted, because of the recent advent of their big stores, they do have a lot of selections, but OMG! Their prices were out of line! Thought they were initially formed to help the less fortunate? Sheesh! Anyway, I ramble. I donate EVERYTHING (including what I don't sell at my garage sales that I SWEAR I won't "take back" when it's over and they don't sell) and donate to the Fort Bend County Women's Shelter (Texas) that supports battered women and children. You can go in there and buy 5 outfits (some of which might be designer clothes) for $50 or less, and what you donate and what you buy all goes back to the "cause". Big Brother "ain't" helping us, folks - let's help each other!!!! Just sayin'.......:)

October 13 2011 at 1:04 PM Report abuse rate up rate down Reply
larry

Wow ! With all the hoarding of junk in the Condo next door, they must have a GOLD MINE ! ! !

October 06 2011 at 9:42 PM Report abuse rate up rate down Reply
wongtpa

Garage sale!

October 06 2011 at 4:46 PM Report abuse +1 rate up rate down Reply

Are you a
Savings Expert?

If so, send us your idea and we'll try to include it in an upcoming Savings Experiment

Create a tip