Each Australian household could make nearly $6,000 just from selling their unwanted junk, a new Gumtree report has revealed.
The Second Hand Economy Report found that the value of marketplace trading in Australia has grown 7 per cent since last year, and is worth a whopping $46 billion - that’s $21 billion more than a decade ago.
With around 19 unused or pre-loved items in every home, Australians could make a huge $5,800 just by selling these, which is an increase of $500 per household compared to last year.
“This comes at a time where Australians are looking to the second hand economy more than ever before due to the economic impact of Covid-19,” the report stated.
And Aussies expect the pandemic to continue to fuel the second hand economy, with nearly half of all Australians saying they’re more likely to sell items as a result of the pandemic to relieve financial stress.
“We’re encouraging Aussies to find the $5,800 worth of pre-loved items lying around the house
as a way to supplement income or help pay for necessary expenses,” heading of marketing at Gumtree Australia, Amanda Behre said.
I want to make an extra $5,800. What could I sell?
With Covid-19 forcing many of us to spend more time at home than ever before, it’s no secret that the most popular items for Aussies to sell in 2020 is home décor and furniture. These items sold the quickest and helped Aussies make the most cash, according to the report.
Here are the most common home and garden items that you could sell:
Kitchen and dining items
Gardening tools and equipment
How do I sell my stuff on Gumtree?
There are some hidden tricks to the trade. Here are Gumtree’s five tips for being a successful seller in the secondhand marketplace:
Be descriptive: The more information you provide, the better. Include your product’s features, a brief history and your reasons for selling the item.
Interact with your buyers: Customer service is still important in the secondhand economy. That means ensuring you’re responsive to messages and offering personality.
Trade safely: Make sure you meet in a neutral place, or have a family member or friend with you when you exchange your item.
Think ahead: When you buy a new item, think about its second life - protect the item, and keep original packaging and even receipts.
List what’s in demand: Think about items that are in the most demand, which are dictated by seasons or trends. For example, with people working from home as a result of the pandemic, think about selling home gym or office equipment.
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