I made £450 in a WEEK on Vinted selling stuff I bought in charity shops, my tips could make you a mint
A WOMAN who made £450 in one week on Vinted, has shared her top tips for making sales.
Vinted is an online marketplace where people can buy and sell second hand clothes, shoes and accessories.
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It's completely free to upload clothes to the app and Vinted does not take a cut of sellers' profits and instead charges buyers a small fee to purchase each item.
TikToker Demi Donnelly is a big fan of using Vinted to make some extra cash, and recently took to the social media platform to reveal how she uses it as a side hustle.
"If you want a side hustle, start reselling clothes," she said.
"It is the best, easiest side hustle I have ever found."
Bulk Buy
Demi revealed that to make a profit from using Vinted, she bulk buys cheap second-hand clothes from places like Facebook Marketplace or charity shops.
The brunette beauty, from Newcastle, added that some charity shops sell 'rag bags' of clothes that they can't sell for extremely cheap prices.
"You can also buy on Vinted to resell as well," she said.
"Some people like to get rid of their stuff for £1."
If you have the space, Demi advised bulk buying loads of cheap items that people are desperate to get rid of.
"You'll definitely be able to make a profit on their items," she said.
I've made £1.5k on Vinted - the mistake that affects the algorithm and the EXACT number of pictures to take to make cash
Accepting Offers
Another trick Demi uses to ensure she makes sales is to accept 95% of the offers she is sent by buyers.
Many Vinted users sell items at a price slightly higher than they are happy to accept, so that when people make offers, they will gladly accept.
Free Gift
Savvy side hustler Demi also entices sellers to her site by offering a free gift to anyone who spends over £15.
This way, buyers are more likely to remember her, and will come back in future, for more items.
Do you need to pay tax on items sold on Vinted?
QUICK facts on tax from the team at Vinted...
The only time that an item might be taxable is if it sells for more than £6,000 and there is profit (sells for more than you paid for it). Even then, you can use your capital gains tax-free allowance of £3,000 to offset it.
Generally, only business sellers trading for profit (buying goods with the purpose of selling for more than they paid for them) might need to pay tax. Business sellers who trade for profit can use a tax-free allowance of £1,000, which has been in place since 2017.
More information here: vinted.co.uk/no-changes-to-taxes
Demi's (@demidonnellyx) video has likely left many people impressed as it has quickly gone viral, racking up thousands of views and hundreds of comments on the video sharing platform.
TikTok users raced to the video's comments section to share their thoughts.
One person said: "I wish I could make that in a month, never mind a week!"
A second person said: "I have so much stuff I need to get rid of!"
Online marketplaces like Vinted and Depop have millions of users across the UK, with the cost-of-living crisis only increasing their popularity.
Financial pressures in British homes saw sales of second-hand goods jump by 15 per cent to £21 billion in 2022.
One in six people now say they buy used items, according to research commissioned by review site Trustpilot.
So, now's the perfect time to make yourself some extra cash on the likes of Vinted.
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