Vinted is an online marketplace where people can buy and sell second hand clothes, shoes and accessories.
2
It’s completely free to upload clothes to the app and Vinted does not take a cut of sellers’ profits.
Busy mum Nicole share her selling tip via a video posted to her TikTok channel @thenicoleworld.
She explained that she swears by one simple tip to get sellers interested in her unsold items.
Nicole revealed that when she is about to head to the Post Office to send her items, she looks at the items she hasn’t been able to sell, and checks who has favourited them.
She said she then copy and pastes an identical message to these Vinted users, stating that she is on the way to the Post Office, so if they want to buy the item now, she can get it shipped to them straight away.
Nicole said: “I guarantee you, if you have five or six people that have liked the item, someone will buy it.
“It means you only have to do one post run, and it just saves time and sells your items quicker”.
Nicole said that the main thing she uses for is to sell her children’s holiday clothes, adding that now is prime time to get these sold, as the weather begins to get warmer.
“I’ve sold so many of them already”, she said.
“So if you have any holiday clothes, get these listed now”.
Nicole’s video has likely left many impressed, as it has racked up almost 100,000 views on the video sharing platform.
TikTok users raced to the video’s comments section to share their thoughts on the tip.
One person said: “Completely agree! Its worked so much for me and I’ve managed to sell loads!”
A second person said: “I’ve been doing this for ages and it works.”
A third added: “I always offer people who like my items a little less. Helps so much.”
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.
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.
ccording 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.”
Fabulous will pay for your exclusive stories. Just email: fabulousdigital@the-sun.co.uk and pop EXCLUSIVE in the subject line.