A WOMAN who has made over £80,000 on Vinted has revealed her top tips for making sales.
Vinted is an online marketplace where people can buy and sell second hand clothes, shoes and accessories.
Irem has made over £80,000 on Vinted[/caption]
She shared her top tips for making sales[/caption]
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.
Savvy seller Irem, known as @pastgems online, sells on Vinted as her full time job, and took to TikTok to reveal the the four tips she swears by to make sales.
Five in Four
Irem revealed that uploading items consistently is really important, as it helps your account to always stay at the top of the search results.
This is because Vinted filters items by the newest first, so the more often you upload things, the more likely your items are to get seen.
With this in mind, Irem advised that if you have 20 items to sell, you should upload five each day for four days.
Lighting
Irem revealed that the quality of your photos is super important, so you should always make sure to use a white background, so that your clothes stand out.
She added that it’s a good idea to purchase a ring light or a white backdrop to help show off your clothes the best you can.
Relist
If you are struggling to sell items after a few weeks, Irem advised deleting them and re-uploading them.
In order to give your new listings the best chance of taking off, it’s a good idea to use better quality photos and put more keywords in the description.
Hashtags
Irem’s final tip is to make sure you add hashtags at the end of your listing.
Hashtags help to make items more visible and searchable, and can help boost audience engagement.
Irem’s tips have likely left many people feeling impressed, as her video has racked up over 140,00 views on the video sharing platform.
TikTok users raced to the video’s comments section, to share their thoughts on her tips.
One person said: “I posted everyday for a week and sold nearly all within that week!”
A second person said: “Great tips”.
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
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.
According to the popular platform, sellers do not have to pay tax on earnings they make from the site.
This, HMRC stated, is because selling personal items through platforms like Vinted is not itself taxable.
”If the money a member makes on Vinted over a year is less than the amount they paid for the items they are selling, then there is no tax to pay,” a Vinted spokesperson explained.
”Generally, only business sellers “trading” for profit might need to pay tax.
”A tax-free allowance of £1,000 has been in place since 2017 for people who trade for profit.”
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