I made £500 in 2 weeks flogging old clothes on Vinted to pay for my kid’s school trip -it’s all about using clever words
A MUM has revealed that she made £500 in just two weeks on Vinted, and shared her top tips for making sales.
Vinted is an online marketplace where people can buy and sell second hand clothes, shoes and accessories.
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.
Known only as @mrsinkeduk online, the mum revealed that she is using the money she makes on Vinted to pay for her daughter’s school trip.
Keywords
She explained that the main reason that she things her items sell so quickly is because of the words she uses in the description.
“You should type in everything that you think these dresses are”, she said.
“For example, casual, formal, tight fitting, bodycon.
“You want as much in that description as possible, so that whoever is searching sees your item listed first.”
The mum added that instead of just putting lots of words in the description she likes to write out full sentences, to take potential buyers on a journey.
“For example, this lovely dress can be worn in formal settings to work and dressed down at the weekends.”
The video has likely left many people impressed as it has racked up over 48,000 views on the video sharing platform.
TikTok users raced to the video’s comments section to share their thoughts.
One person said: “I love the little stories people put in the description.
“Sometimes I will just search for “casual work wear” or “wedding guest”, it really works!”
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
A second person said: “Well done!”
A third person said: “Love this.”
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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