If you need a quick fundraiser, borrowing money shouldn’t be your only option. You may have generous friends and family members, but asking for their help isn’t necessarily easier. Depending on the severity of your situation, you may not even be sure if you can pay them back.
Instead of borrowing, see if you have some things you can already let go of. Valuable items have a market. If you happen to own something rare but highly coveted, you can sell that in a heartbeat.
Selling used items is a clever way to make money and free up space. It also contributes to earth-saving efforts. The sale of used items in the market decreases the demand for brand-new ones. That means manufacturers can produce less, reducing their environmental footprint.
That said, you’re not just doing yourself, but also mother nature a favor by holding a yard sale. Without further ado, these are the used items that will sell well:
- Fitness Equipment
Many people got into fitness during the pandemic. Unfortunately, that didn’t make fitness equipment any cheaper. Dumbbell sets in the resale market grew even pricier when the pandemic struck. But don’t be fooled by those prices; chances are they’re just resellers who take advantage of the lack of a federal law prohibiting the marking up of used fitness equipment prices.
So if you’re going to resell some of yours, price them reasonably. You’ll immediately attract buyers who’ve been searching for affordable workout equipment.
Used treadmills and other gym equipment can sell well too. List them on Craigslist, Facebook Marketplace, eBay, and/or Close5. You can earn up to $250 from your old fitness equipment.
The pandemic didn’t stop people from renovating their homes. So if you have a piece of furniture that looks ready for a new home, put it up for sale. Many people are on the hunt for affordable, secondhand furniture.
Popular secondhand finds include couches, tables, chairs, shelves, filing cabinets, dressers, bed frames, outdoor furniture, and decorative items. If your used furniture doesn’t look trendy anymore, upcycling them will help. It may even increase the resale value of the furniture.
- Sporting Goods
If you used to play a sport that no longer gives you joy now, see if you still have some sporting equipment in your possession. Tennis rackets, for example, can sell for $20, while golf clubs can sell for $50. It’s not much, but if you’ve got a lot to sell, you might make $200 or so.
You’re luckier if you’ve got old skis or surfboards you don’t plan on using anymore. Their resale values are much higher, and newbies in those sports will happily purchase them.
- Musical Instruments
Like many Millennials and older Gen Zs, you probably had a “band geek” phase in high school, too. If the musical instruments you bought back then are still with you now but are just collecting dust, it’s time to let them go. Secondhand electric guitars can sell for almost $100 or higher, depending on their brand. Secondhand keyboards and recording equipment, on the other hand, can sell for up to $150.
Authentic gold or silver jewelry should be appraised before going to the resale market. Your local jeweler or pawn shop can do it for you. You can also sell your old jewelry to those establishments as well. However, there’s a catch to selling used jewelry. It rarely sells near its appraised value because buyers (jewelers or pawn shops, that is) consider other factors before finalizing their offers. Those factors include beauty, rarity, where it was bought, and the materials that make up the jewelry.
Hence, manage your expectations when reselling jewelry. To maximize its resale value, ensure that the item has minimal flaws. Take high-quality photos of it, too. Have the photos post-processed by jewelry-retouching experts to hide the distracting details, like reflections. While professional snapshots won’t increase the item’s price, they can showcase it at its best, attracting attention and buyers.
- Designer Bags
Collectors like Kylie Jenner, Jeffree Star, and Jamie Chua make designer bags highly coveted by young professionals. Thankfully, used designer bags are already popular in the market, so it’ll be easier to make your entry. But be ready for the competition you’ll face.
If you have a Chanel, Louis Vuitton, Hermès, Loewe, Saint Laurent, Fendi, Chlo©, JW Anderson, Christian Dior, or Prada, those brands are best at retaining their values. Hence, you may be able to attract sales faster, especially people who also want to resell those designer brands.
It may be hard to part with items that have been with you for a long time, but if they’ve lost their purposes already, it’s time for them to go. They’ll give you a great parting gift anyway: cash.