CASHING IN
I’ve made over £4k on Vinted -here’s my top tips, including how to make sure you’re always at the top of the search page
Plus, learn whether Vinted items are taxed
A WOMAN who has made over £4,000 on Vinted has shared her top tips for making quick sales.
Vinted is an online marketplace where people can buy and sell second hand clothes, shoes and accessories.
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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 Genevieve, took to TikTok, to reveal the three rules she swears by, that have helped her to make cash on the site.
Upload Every Day
Her first tip is to make sure that you are uploading two to three items of clothing a day, instead of uploading a massive pile of clothes all at once.
She said that by doing this, you will always remain at the top of the search bar, as Vinted filters items by the newest first.
Read more Vinted stories
If your items are near the top of the page, people are more likely to click on to your profile and purchase multiple items
Packaging
Genevieve recommended using quality packaging to send your items in, so as to make a good impression to buyers.
Sellers have been slammed in the past for sending their items in a variety of creative makeshift packages, from cereal boxes to sanitary pad packets.
You can buy packaging for cheap on sites such as eBay, or can re-use bags from items you have bought yourself.
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High Quality Pictures
Genevieve said that it is important to take pictures of your items from all angles and to include photos of the tags, to show that the brand is real.
She added that it is best to make sure that your clothes are not creased or dirty, to make a good impression to potential buyers.
I made £1k on Vinted - the big mistakes people make and the items you shouldn’t be posting if you want to make cash
Genevieve's tips, which were posted under the username @genevieve.talks, have likely left many people impressed, as her video has gone viral, racking up two million view on the video sharing platform.
TikTok users raced to the video's comments section, with many people sharing their own tips.
One person said: "I always upload my stuff for more than I actually want for it so then when people offer you’re not losing out on money."
A second person said: "I agree that the more you add the more you sell".
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:
A third person said: "Make sure the main photo that everyone will see first is the full item, not a close up, or the back or a label."
A fourth person added: "Great tips! I pretty much do the same."
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.
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''A tax-free allowance of £1,000 has been in place since 2017 for people who trade for profit.''
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