4 days ago
Why the 3-minute rule is essential when shopping on Vinted & how woman made £475 using it
Plus, find out which search tool Shannon called her "best friend"
TOP TIP Why the 3-minute rule is essential when shopping on Vinted & how woman made £475 using it
A WOMAN who made £475 profit selling one bracelet on Vinted has shared the three-minute rule she swears by.
Shannon is a pro at snapping up items she can then sell on for more money on the app.
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Shannon is a pro at finding designer bits on Vinted that she can then sell on for a profit
Credit: tiktok/@shannelrosa
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She spent £45 on two designer bracelets, which turned out to be worth more than £2k
Credit: tiktok/@shannelrosa
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The Bulgari bracelet cost her £25, and she sold it for £500
Credit: tiktok/@shannelrosa
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It's made from stainless steel and 18 karat yellow gold
Credit: tiktok/@shannelrosa
Among her recent finds are a Bulgari bracelet and a Dior one - both of which are worth over £1,000 each.
She spent £25 on the Bulgari one - the bracelet made from stainless steel and 18 karat yellow gold.
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"When I received the bracelet, I took it to the jewellers immediately in my area and yes, it's 100% authentic," Shannon explained in a video on her TikTok page.
While it wasn't in the best condition when she bought it, she "gave it some TLC" and polished it up, and it sold for a whopping £500 within 24 hours.
The Dior bracelet, which she got for £20 on Vinted, is currently still for sale.
Following her own success on the site, Shannon is putting together an eBook of top tips so others can do the same.
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But one of the biggest things she swears by is sticking to a three-minute rule.
"I've been buying and selling for many years now so I've got lot of experience when it comes to getting designer bargains from Vinted," she told Fabulous Online.
"But the best tip of all is to be quick as a lot of items sell within three minutes on Vinted.
"So if you see something then buy it straight away and authenticate it later."
I've made £5.6k on Vinted and here are the 7 items you need to upload now to make cash quick - white maxi skirts will sell instantly for a start
She also said that another way she secures such impressive bargains is by using Google Lens, which she called her "best friend".
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She's now hoping to get a similar profit margin with the Dior Rose des vents bracelet - made from "18 karat gold with a single round brilliant cut diamond in the centre".
Upon receiving the bracelet from the Vinted seller, she "had it authenticated straight away" by LegitGrails, who provide "expert digital authentication for designer items with over 99.3% accuracy you can trust".
"Sometimes I buy jewellery from @Vinted and when I do I get amazing pieces!" Shannon captioned her TikTok video.
"The Bulgari bracelet was £25 and the Dior bracelet was £20! Both worth over £2K!"
"That's insane!" one person commented on the clip.
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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:
"No one does Vinted like you," another praised.
"Really impressive," a third praised.
"I got a £290 Frederic Malle perfume from Vinted last week for £107 inc p&p," someone else wrote.
"I was worried about it being fake but it was authenticated by the manufacturer, what a STEAL."
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The Dior bracelet set her back just £20
Credit: tiktok/@shannelrosa
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