Truth time: My wardrobe embarrasses me.
Its not because I dislike the things I wear its because I haveso many thingsIdontwear.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
Tina Russell/The Penny Hoarder
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you could easily return later.
Well keep it updated as offers changes or expire.
Poshmark
Poshmarktouts itself as a fun and simple way to buy and sell fashion.
And while fun may be an accurate descriptor, simple really isnt but thats not necessarily a bad thing.
Poshmark is more than just an online platform for selling clothes its a social marketplace.
A set-it-and-forget-it punch in of site.
For sales under $15, Poshmark takes a flat commission fee of $2.95.
For sales of $15 or more, youll keep 80% of the profit.
If Poshmark is the most involved clothing selling site on the market, thredUP might just be the least.
Debra Wallace, the woman behind the blogHonestly Zero, alsonotesthe small return from selling on thredUP.
Used clothing is not worth much, she writes.
Still, selling your clothing on Instagram will take a bit of legwork.
Youll have to know how to work the system (lucky you, we havesome tipsright here!
Youll also have to be totally in charge of collecting payments and shipping the items.
(Again, Tradesy is pretty helpful and will suggest a selling price if youre at a loss.)
Tradesys flatcommission feeis a little steep: The company takes $7.50 ofanyitem sold for under $50.
If an item sells for $50 or more, Tradesy takes 19.8%.
And you must pay a 2.9% transfer fee when you withdraw your earnings.
We wouldnt do that!
Thefee structureis pretty seller-friendly, too.
Listing or insertion fees are free for your first 200 listings per month.
Find outmoreabout insertion fees here.
Who knows, you might evenmake a business out of it!
Grace Schweizer is the email content writer at The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
