I only started selling on Vinted yesterday and I’ve already flogged 18 items – my tip helps you make quick sales
A WOMAN who sold 18 items on her first day using Vinted has shared a top tip for selling items quickly on the site.
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.
The content creator, known only as @mrsinkeduk, shared her top tip via a video posted to her TikTok channel.
Mrs Inked revealed that most of the items she has sold on Vinted are by designer brands such as Tommy Hilfiger or Ralph Lauren, but revealed that she has not listed any of them for more than £15.
She said: “My biggest tip on Vinted is not to overprice yourself.
“Yes, you potentially paid £50 or £60 for an item and you want to sell if for £20 or £30, but realistically, it’s not going to sell for that.”
The TikToker revealed that she believes that clothes deserve a second chance to be loved, and said that her main aim in using Vinted is not to make heaps of cash, but instead to give her clothes to someone that will “cherish” them.
Mrs Inked’s video has likely left many impressed, as it has gone viral, racking up over 100,000 views in just a few days.
TikTok users raced to the video’s comments section to share their thoughts on the content creator’s tips.
One person said: “I love this.
“Vinted is supposed to be cheap and seeing things at £50/60 is disheartening especially when you think of postage & other fees.”
Another person added: “If my items don’t sell within a month or two I’ll take them to my local charity shop so they get more of a chance to get a new home”
A third added: “I always sell my items cheap and sell 90% of my stuff within 72 hours”.
A fourth noted: “I 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.
New Vinted rules to be aware of
IF you fancy clearing out your wardrobe and getting rid of your old stuff on Vinted, you’ll need to consider the new rules that recently came into play.
If people are selling personal items for less than they paid new (which is generally the case for second-hand sales), there is no impact on tax.
However, since January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You’re unlikely to be affected if you only sell a handful of second-hand items online each year – 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 business sellers trading for profit – the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.
However, firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over £1,700.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
While your data won’t be shared with HMRC if you earn between £1,000 and £1,700, you’ll still need to pay tax as normal.
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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