If you have read any of my work, you’ll know that making money is high on my priority list. I am constantly searching for new ways to reel in the dough and make sure I am making sufficient passive income every day. In the near future, I will be beginning to post some of the easy things I do to net over $500.00 in passive income yearly (be sure to subscribe for email alerts to the right), but for now, I will give you one quick, easy method to earn good money NOW.
No, don’t worry. This isn’t some gimmick where I claim you’ll make a million dollars overnight. Here at thecollegecapitalist, I value my readers (and their time), and I don’t want to mislead you waste a second of it(after all, time is money).
This simple, overlooked method has earned me hundreds upon hundreds (maybe even thousands) of extra dollars that I have used for a variety of things.
So, what’s my “secret”? Sell your old stuff.
“But, I love my old stuff”. Quit lying to yourself. Who knows how many hundreds of dollars are laying around your room, in the basement, and tucked away in your closet?
I used to have a lot of trouble parting ways with my old stuff. However, I realized that all my old items were taking up space in my living area, and I would much rather have the extra money to invest or save. So, I just started selling.
I parted ways with the old motorcycle I had when I was younger (this was especially difficult). I parted ways with some of my old lacrosse equipment. I parted ways with a ton of old video games. I even sold some old, unopened shampoo that I wasn’t going to use.
Yes, it can be extremely difficult letting go of your old things. Like I said, some of the stuff I sold was really hard to say goodbye to. However, looking back, I am glad I did. I was able to make so much money and put a huge dent in a down payment on a new car because of it. Plus, I was able to significantly reduce the clutter within my living space, which has allowed me to be more motivated, productive, and more effective.
So, are completely sold on the idea of selling your old stuff, but don’t know where to begin? Good. That’s what I’m here for!
First, we are going to need to find items to actually sell. To get those creative juices flowing, here is a list of items that I have sold, and other general items that you could sell too:
- old sports equipment (old baseball bats, training equipment)
- weights/weightlifting equipment
- old bicycles
- video games you never play
- video game consoles/systems
- musical equipment
As you can see, the list is extensive. Obviously, some of these suggestions won’t apply to your life. Thus, you should follow this rule of thumb: if you haven’t touched it in a year (or find something you forgot you even had), sell it.
I would also suggest going through your bedroom, basement, and other storage areas and cleaning them out. You’ll be amazed at how many things you find, and you’ll be even more amazed how much money you can get for your findings.
After you’ve done this, it’s time to pick a method to sell it. There are various methods to try to sell your old goods, so you’ll have to see what works for you.
Obviously, there are websites like eBay and Craigslist. These are both good but can be a bit of a hassle, especially if you need to ship the goods somewhere far away. Then, there are always security issues. Even though these websites have both come a tremendous way and have a ton of value to offer, I tend to stay away from them. The only item I have sold through either of these was my old motorcycle, and this was nearly three years ago. I sold it through Craigslist, and overall, it was a good experience. However, to completely avoid shipping costs and sketchy scenarios, I like to use these next two methods:
First, we’ll discuss my second favorite: garage/yard sales. These can be extremely profitable, but also take a fair bit of time and planning.
In order to run a successful garage sale, you will need to take a lot of time searching around your house, garage, and shed, to find every last item that you could sell. If you spend all of the time and effort making a garage sale and only have a few different things to sell, you will probably get a very low return on your effort. You should always make sure you take your time and ensure that you have plenty of good ol’ junk to try to sell.
Another critical aspect of running a successful garage sale is marketing and promotion. The best and easiest way to promote your garage sale is by creating a simple sign. Include the words “garage sale”, as well as your address, and put them up in high-traffic intersections in your neighborhood.
Lastly, we will discuss my favorite (and most profitable) way to make money selling goods-Apps. There are loads of consumer to consumer apps that allow you to post pictures of products with a description, and sell to people in your area.
My favorite app thus far is letgo. This is the app that I have sold the most goods on. So far, I have used this app to sell nearly $500.00 worth of old items I didn’t need. It is really easy to set up an account, and it’s one of the most popular apps of this nature. What this means is that there are loads of people that will see your posts. This translates to almost immediate inquiries for a variety of items, which leads to quicker sales and quicker profits (and who doesn’t love that).
So, now you have all of the know-how to go sell your old junk and make some easy money. Just remember, “one man’s trash is another man’s treasure”.
Did you find this blog helpful? Did you find any crazy stuff in your house while you were cleaning? Comment down below, and make sure you subscribe to my email list to the right to stay up to date on my latest posts!