Latest news with #Whatnot
Scottish Sun
2 days ago
- Business
- Scottish Sun
I've made £18k in 7 months after losing weight & flogging my old clothes – my little-known site makes reselling easy
The site allows you to sell clothing, beauty, live plants and so much more CHA-CHING I've made £18k in 7 months after losing weight & flogging my old clothes – my little-known site makes reselling easy ARE you trying to flog your old clothes - but don't seem to be making any money? While most of us have heard of Vinted - where some have made a fortune of £18k - there are also other sites to check out. 2 The woman started flogging her old clothes online after she lost weight Credit: tiktok/@ 2 In just seven months, Jess had raked in a whopping £18k thanks to this side hustle Credit: tiktok/@ This is what one savvy Brit, TikToker Jess, recently shared online after raking in close to £20k in less than a year. Jess, who posts under the username @ started selling items from wardrobe after an epic body transformation. As none of the old clothes no longer fit her, she decided to sell them online - before realising she had ''the bug for reselling''. Reselling involves purchasing products from various sources , such as manufacturers, liquidators, individuals and charity shops, and then selling them at a higher price to generate profit. Resellers determine a price that covers their costs, for instance, the purchase price of the product and any shipping costs, and allows them to make a profit. They then sell these products through various channels, including Amazon, eBay, Etsy and Vinted. ''It started off small and I scaled it from there,'' said Jess who moved from her ''items to charity shops to wholesale''. As well as flogging the goods on Vinted, eBay and Depop, Jess also uses a little-known site to cash in - Whatnot. The ''vintage clothing reseller'' explained: ''Whatnot is a live auction selling website. ''They have an app [...] and it's a really, really nice platform with lovely people and lots of sellers, and lots of buyers. I've made £18k on Vinted & a hack means I don't have to hunt for bits I've sold ''What I will do is I will get all my items ready and I will show those items on the screen and then people will bid if they want to buy that item.'' According to Jess, you can start at different prices, such as £1, £3 and £5 - which is ''entirely up to you''. The site - where you can also feature the products front-and-center rather than showing your faces - also offers pre-paid shipping labels. Once you've made a sale, slap the label on the box and send it out for delivery. Do I need to pay tax on my side hustle income? MANY people feeling strapped for cash are boosting their bank balance with a side hustle. The good news is, there are plenty of simple ways to earn some additional income - but you need to know the rules. When you're employed the company you work for takes the tax from your earnings and pays HMRC so you don't have to. But anyone earning extra cash, for example from selling things online or dog walking, may have to do it themselves. Stephen Moor, head of employment at law firm Ashfords, said: "Caution should be taken if you're earning an additional income, as this is likely to be taxable. "The side hustle could be treated as taxable trading income, which can include providing services or selling products." You can make a gross income of up to £1,000 a year tax-free via the trading allowance, but over this and you'll usually need to pay tax. Stephen added: "You need to register for a self-assessment at HMRC to ensure you are paying the correct amount of tax. "The applicable tax bands and the amount of tax you need to pay will depend on your income." If you fail to file a tax return you could end up with a surprise bill from HMRC later on asking you to pay the tax you owe - plus extra fees on top. According to Whatnot, 48-72 hours after the order is delivered, you can cash out via direct deposit. It doesn't have to be just clothing you're tying to cash in from - the sellers flog electronics, collectibles, beauty, live plants, and more. Raving about the little-known site, Jess said in a video: ''I personally kind of think it kind of has revolutionised the way we resell things. ''The thing I love the most about it is that when I get my stock in, I can show it on the screen [...] and then you buy it. ''I post it out within a couple of days - so it really stops that whole issue of having to store items for a really, really long time.'' While there are plenty of pros, Jess also noted the platform does have its cons, such as the fees. Seller fees are as follows: 8% commission on the sold price of an item when it sells 2.9% + 30 cents (24p) payment processing fee for the entire transaction Payment processing applies to the subtotal, tax, and shipping price paid by a buyer for a given order The payment processing fee is not currently applied to any international shipping/taxes. ''But with a lot of reseller websites, there are fees anyway. ''The other cons can be the price points - you might not always get the same prices you would on things like eBay, Depop and Vinted.'' Jess also added under another video that she's ''registered as a sole trader and will pay tax during the self assessment window''.
The Sun
2 days ago
- Business
- The Sun
I've made £18k in 7 months after losing weight & flogging my old clothes – my little-known site makes reselling easy
ARE you trying to flog your old clothes - but don't seem to be making any money? While most of us have heard of Vinted - where some have made a fortune of £18k - there are also other sites to check out. 2 2 This is what one savvy Brit, TikToker Jess, recently shared online after raking in close to £20k in less than a year. Jess, who posts under the username @ started selling items from wardrobe after an epic body transformation. As none of the old clothes no longer fit her, she decided to sell them online - before realising she had ''the bug for reselling ''. Reselling involves purchasing products from various sources , such as manufacturers, liquidators, individuals and charity shops, and then selling them at a higher price to generate profit. Resellers determine a price that covers their costs, for instance, the purchase price of the product and any shipping costs, and allows them to make a profit. They then sell these products through various channels, including Amazon, eBay, Etsy and Vinted. ''It started off small and I scaled it from there,'' said Jess who moved from her ''items to charity shops to wholesale''. As well as flogging the goods on Vinted, eBay and Depop, Jess also uses a little-known site to cash in - Whatnot. The ''vintage clothing reseller'' explained: ''Whatnot is a live auction selling website. ''They have an app [...] and it's a really, really nice platform with lovely people and lots of sellers, and lots of buyers. I've made £18k on Vinted & a hack means I don't have to hunt for bits I've sold ''What I will do is I will get all my items ready and I will show those items on the screen and then people will bid if they want to buy that item.'' According to Jess, you can start at different prices, such as £1, £3 and £5 - which is ''entirely up to you''. The site - where you can also feature the products front-and-center rather than showing your faces - also offers pre-paid shipping labels. Once you've made a sale, slap the label on the box and send it out for delivery. Do I need to pay tax on my side hustle income? MANY people feeling strapped for cash are boosting their bank balance with a side hustle. The good news is, there are plenty of simple ways to earn some additional income - but you need to know the rules. When you're employed the company you work for takes the tax from your earnings and pays HMRC so you don't have to. But anyone earning extra cash, for example from selling things online or dog walking, may have to do it themselves. Stephen Moor, head of employment at law firm Ashfords, said: "Caution should be taken if you're earning an additional income, as this is likely to be taxable. "The side hustle could be treated as taxable trading income, which can include providing services or selling products." You can make a gross income of up to £1,000 a year tax-free via the trading allowance, but over this and you'll usually need to pay tax. Stephen added: "You need to register for a self-assessment at HMRC to ensure you are paying the correct amount of tax. "The applicable tax bands and the amount of tax you need to pay will depend on your income." If you fail to file a tax return you could end up with a surprise bill from HMRC later on asking you to pay the tax you owe - plus extra fees on top. According to Whatnot, 48-72 hours after the order is delivered, you can cash out via direct deposit. It doesn't have to be just clothing you're tying to cash in from - the sellers flog electronics, collectibles, beauty, live plants, and more. Raving about the little-known site, Jess said in a video: ''I personally kind of think it kind of has revolutionised the way we resell things. ''The thing I love the most about it is that when I get my stock in, I can show it on the screen [...] and then you buy it. ''I post it out within a couple of days - so it really stops that whole issue of having to store items for a really, really long time.'' While there are plenty of pros, Jess also noted the platform does have its cons, such as the fees. Seller fees are as follows: 8% commission on the sold price of an item when it sells 2.9% + 30 cents (24p) payment processing fee for the entire transaction Payment processing applies to the subtotal, tax, and shipping price paid by a buyer for a given order The payment processing fee is not currently applied to any international shipping/taxes. ''But with a lot of reseller websites, there are fees anyway. ''The other cons can be the price points - you might not always get the same prices you would on things like eBay, Depop and Vinted.'' Jess also added under another video that she's ''registered as a sole trader and will pay tax during the self assessment window''.
Yahoo
20-05-2025
- Entertainment
- Yahoo
Caitlin Clark is back in action and auction: 7 massive 1/1s at auction right now
It's a great time to be a Caitlin Clark collector . Her return to the court has spurred an onslaught of auction listings. Search eBay and you'll find a sea of $200,000 "Buy It Now" listings for rare Clark cards, but what's happening right now is unique: seven of her best 1/1s, arguably the most iconic Clark cards in existence, are live in auction houses at the same time. This kind of perfect storm almost never happens in the hobby. The WNBA season has started, attention is high, and the biggest Clark collectors are gearing up to fight for what could be some of the most important cards of the decade. The Caitlin Clark Effect We see rookie frenzies every year, but Clark feels different. She isn't surrounded by the usual speculation or uncertainty. She is, by nearly all accounts, a lock to be one of the greatest to ever step on a WNBA court. There hasn't been this much certainty around a player since LeBron James. Advertisement Clark is already reshaping the sport. And her cards? They're reshaping the women's hobby market in ways we've never seen before. That belief is fueling some big bets. Rhomel Joshue Gutierrez , known as GucciRips on Whatnot and Mantel , owns one of the seven cards up for auction. "If someone told you that you could go back in time and buy one of LeBron James' best rookie cards, would you do it?" he said. "Everyone talks about a 'generational talent.' But much more rarely there comes along a game-defining talent, someone whose legacy is culture shaping. Women's basketball will be defined as the era before Caitlin Clark and the era after." Another collector, Val Coleman of Valcano Cards on WhatNot , pulled the Black Finite 1/1 in a break and still remembers the moment. "I sounded like a screeching bird," the WNBA season ticket holder said. "I booked a flight that night to Michigan to pick it up in person. The seller drove two hours to meet me at the airport." Advertisement Val even plans to use some of the auction proceeds for animal rescue efforts. 'After that I just want to give back, I want to help out family and friends, and make sure I can continue selling cards to the amazing WNBA community on WhatNot. I am known for wild giveaways and freebies, so this will certainly help!' So, which cards are we talking about? The Top 7 Caitlin Clark 1/1 Cards Currently at Auction 1. 2024 Panini Prizm Draft Picks Black Caitlin Clark ROOKIE AUTO 1/1 PSA 10 GEM Current Bid: $8,725 | Platform: Fanatics Collect | 2 Days Remaining One of the most hyped Clark cards on the market, this pristine Prizm Draft Auto 1/1 pairs rarity with an elite grade. The black parallel and auto make it a grail-level collectible. View Auction (Courtesy of Mantel) 2. 2024 Panini Instant WNBA Blue Viper Caitlin Clark ROOKIE AUTO 1/1 #1 PSA 10 GEM Current Bid: $1,325 | Platform: Fanatics Collect | 2 Days Remaining This Panini Instant 1/1 captures Clark in her Indiana Fever uniform debut, released in real time after her first pro moments. A stunning auto on a unique parallel. View Auction (Courtesy of Mantel) 3. 2024 Panini Prizm WNBA Throwback Signatures White Sparkle 1/1 - PSA 9 / Auto 10 Current Bid: $16,000 | Platform: Goldin Auctions | 11 Days Remaining This rare White Sparkle Prizm 1/1 features a clean blue ink auto and a bold throwback design. Pulled from elusive White Sparkle packs, it's one of her rarest Fever-year cards. View Auction (Courtesy of Mantel) 4. 2024 Panini Prizm WNBA Signatures White Sparkle Prizm #SG-CC Caitlin Clark Signed Rookie Card (#1/1) - PSA GEM MT 10, PSA/DNA GEM MT 10 Current Bid: $18 | Platform: Goldin Auctions | 9 Days Remaining This rare White Sparkle Prizm 1/1 features a clean blue ink auto and an incredible 10 / 10 on grading. Pulled from elusive White Sparkle packs, it doesn't get much better than this. View Auction (Courtesy of Mantel) 5. 2023-24 Bowman Chrome University SuperFractor #34 Caitlin Clark Rookie Card (1/1) - BGS 9 Current Bid: $3,000 | Platform: Goldin Auctions | 11 Days Remaining This pre-WNBA SuperFractor highlights Clark's collegiate dominance in a shimmering 1/1 foil finish. A perfect blend of prospecting and proven greatness. View Auction (Courtesy of Mantel) 6. 2024-25 Panini Prizm WNBA Clark-Mania! Autographs Gold Vinyl Prizm #CLM-CC Caitlin Clark Signed Rookie Card (#1/1) - PSA GEM MT 10, PSA/DNA GEM MT 10 Current Bid: $17,000 | Platform: Goldin Auctions | 25 Days Remaining One of the best looking insert autographs you will ever find. These Clark-Mania! inserts were exclusive to '24 Panini Prizm WNBA Premium Box and extremely rare. View Auction (Courtesy of Mantel) 7. 2024 Panini Prizm WNBA Black Finite #145 Caitlin Clark Rookie Card (1/1) - PSA 9 Current Bid: $66,000 | Platform: Goldin Auctions | 25 Days Remaining Arguably Clark's top Fever-era rookie, this PSA 9 Black Finite 1/1 is the crown jewel of the current auction run. Dazzling, rare, and already a six-figure contender. View Auction (Courtesy of Mantel) Whether you're a seasoned WNBA collector or just discovering the hobby through Caitlin Clark, this moment feels special. It's rare to see a player command this much attention so early, and rarer still to have 7 of her most coveted 1/1s all hit the market at once. And while the total sell price of these cards will rival some country's entire GDP you don't need to own one to be a part of the fun. Chase one of this year's rookies or find a card you love on eBay .
Axios
13-05-2025
- Business
- Axios
Houston millennials spend $5,300 a year on golf
Millennial golfers in Houston expect to spend more than $5,300 on golf this year, according to a new survey from Whatnot and Censuswide. The intrigue: They plan to spend $4,100 of that on course fees, club memberships, travel and lessons. That's higher than the national average of around $3,500 for those expenses, the survey found. Zoom in: Local millennials plan to spend about $1,200 on new clubs and accessories alone, the fourth-highest price tag among metros surveyed. New Orleans leads the pack on big spending for new gear at $1,511, followed by Washington, D.C. at $1,310 and Atlanta at $1,287. Austinites surveyed also said they'd spend about $1,200 at the club shop. Yes, but: 19% of local golfers say they spend more time on the green or watching games than with their partner, below the national average of 28%.
Forbes
10-05-2025
- Business
- Forbes
Creators Are Coming For QVC's Crown
When QVC launched in 1986, it reshaped shopping as entertainment. Hosts on live television sold everything from jewelry to juicers with charm, trust and storytelling. Fast forward to today, and the format is back, but this time, it's powered by creators, not cable. The next QVC is already live-streaming from someone's phone. "The majority of e-commerce is really just a scaled up Sears catalog," said Tom Verrilli, Chief Product Officer at Whatnot, a $3B live shopping platform where thousands of creators now host real-time shows selling everything from vintage tees to rare Pokémon cards. Whatnot's thesis is simple: give creators the tools to run their own shoppable shows, and you unlock the next generation of retail. It works. The average buyer spends 90 minutes per day on the app. Some sellers have made over $1M per year. It's shopping as a social event, not a transaction. "Whatnot is much more like going back to the mall," Tom explained. "You might go with something in I wander through the mall and I can see individual stores and the branding of that store might convince me to come in. The personality of the seller might convince me to make a purchase." On Whatnot, live sellers are entrepreneurs, curators and entertainers. Some run flash sales, dropping 500 items in a matter of seconds. Others build entire formats around their passions. "Probably my favorite ever Whatnot show was last year for May the fourth, where somebody sold every Star Wars Lego set ever made in chronological order. It took him nearly 40 hours. It was phenomenal." This shift is more than aesthetic. It changes the economics of being a creator. "You can have 10,000 people watch you open a pack of Pokémon cards and earn six bucks per thousand of them per hour on an ad," Tom noted. "Or you could be the person selling that Pokémon packet for $ an hour you're making $4-500 from selling those cards." That monetization shift is a turning point. Where YouTubers once hoped for CPMs or brand deals, now creators can sell directly with no overhead, no warehouse and no gatekeepers. "We've got some of our best fashion sellers, for example, go and spend two days at thrift stores finding incredible collections of vintage then they show all day where they're gonna sell a thousand vintage t-shirts." The model also lowers the barrier to entry. No production crew, no lights. "You don't need anything other than an iPhone to move hundreds of thousands of dollars of sales in a year," Tom said. And this isn't niche. It's already big. "Last year, sellers on Whatnot sold more than $3 billion of goods while live on Whatnot," he said. "More people downloaded Whatnot in March than downloaded TikTok in the United States." One standout example of this transformation is Alana Thomson, a 42-year-old mother from Glasgow who left her role as an aesthetic practitioner to become a full-time TikTok content creator. Her breakthrough came in 2021 when a 12-second shopping video went viral. Now with over 91,000 followers, Alana earns up to $25,000 per month through affiliate sales on TikTok Shop, curating inclusive, stylish fashion for women of all ages and body types. "I work crazy 12-hour days but make up to £20k a month, it's a dream," she told The Scottish Sun. The U.S. live commerce market is scaling fast and the opportunity is only getting bigger. In 2024, the market brought in an estimated $1.75 billion in revenue, and it's projected to soar to more than $8.2 billion by 2030. That growth represents a 30% CAGR. While fashion and apparel currently dominate the category, health and wellness is emerging as the next breakout sector. That means whether you're selling vintage denim, clean skincare, or home workout gear, the audience and appetite is there. "I fundamentally think that there is nothing that you can buy and sell on the internet today that wouldn't be better sold and bought in a live experience," Tom concluded. "As long as we keep doing what we're doing, I'm pretty confident that this will continue to be the best place to buy and sell." In the end, it's not just about replacing QVC. It's about reimagining it and making it creator-led, community-powered and infinitely more personal. This article is based on an interview from my podcast The Business of Creators.
