CASHING IN
I’ve made £4,000 on Vinted – here are my top tips, including what to write in your product’s description
Watch the video for more top tips on how to make cash on Vinted
A SAVVY seller has shared her top tips for making money on Vinted, after she made £4000 from selling her old clothes.
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.
TikToker Dassie Andreu () is a Vinted whizz, and took to the video sharing platform to share the tips she uses to make quick sales.
Consistency
Dassie revealed that when using Vinted, it is important to upload regularly.
"And I mean every couple of days," she said.
Read more Vinted stories
Vinted orders items on its site from newest to oldest, so if you are constantly uploading items, your profile will always appear at the top of the site.
Keywords
In order to make your items visible to as many people as possible, Dassie revealed you need to use lots of keywords in the item description.
"Don't just say boy's jumper, say boy's blue navy jumper, long sleeves, warm, perfect for the chilly season."
Parcel Presentation
To make sellers come back and buy your items again, Dassie said it is important to package them nicely.
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Sharing a clip of a parcel she collected recently from a seller, Dassie said: "It looks really unprofessional, and I probably wouldn't buy from this seller again.
"There were even holes in the bag."
I made £550 in 48 hours reselling clothes but NOT on Vinted - I found a platform where sellers get the full asking price -
Online marketplaces like Vinted and Depop have millions of users across the UK, with the cost-of-living crisis only increasing their popularity.
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.
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:
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.
Read More on The Sun
''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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