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Published on June 21, 2019

7 Sell Your Stuff Apps That Will Get You Some Extra Cash in Hand

7 Sell Your Stuff Apps That Will Get You Some Extra Cash in Hand

When it comes to selling your stuff, the possibilities have become endless. At the same time, it can be overwhelming to find recommendations and difficult to find the right apps that will earn you extra cash.

Whether you are a frequent buyer, collector or a passionate consumer that takes good care of products, there are ways to bank substantial cash with these highly-recommended apps.

In this article, I will highlight the most popular sell your stuff apps — which also market your merchandize or items effectively to maximize your cash earnings.

1. Decluttr

decluttr

    Decluttr launched in 2013 and began its advertising campaign in the same year. The business venture and app has been featured on Good Morning America, The Today Show, Fox News and others.

    If you are looking to sell old or unwanted items for fast cash, Decluttr is your solution. They accept items like DVDs, cell phones, textbooks, video games, consoles tablets and LEGOS.

    Make sure that the items you are looking to sell are in good condition. If the item you are selling is in demand you may receive payment the next day. Payment options are PayPal, direct deposit or a paper check via the mail.

    Get the app here: iOS | Android

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    2. Letgo

    letgo

      Letgo was founded in 2015 and is worth over $1 billion. You can sell your old stuff for cash. It has become a competitor for the likes of Craigslist and Facebook to buy or sell used products.

      You can download the Letgo app on iOS or Android. In addition, you can view your listings via the app or the desktop version of the mobile app. All of the product listings are based on location, so results will be based solely on geographic proximity.

      According to Business Insider, the app is frequently and consistently being featured as one of the top 50 free apps.[1] So, the app has been used and downloaded by millions of users because of its approach to buying and selling products.

      Get the app here: iOS | Android

      3. ThredUP

      threadup

        ThredUP is a fashion resale website for consumers founded in 2009. The company allows you to buy or sell secondhand clothing online. The service is built on sharing economy and part of a collaborative consumption movement.[2] In other words, you can share a good or service by a group.

        Once you get setup with the company, you will first need to order a free close clean-out kit. Days later, ThredUP will send via the mail a bag where you can place old clothes. Once this is received, a payment will be made on PayPal, ThredUP shopping credit or a VISA prepaid card.

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        The company is built on transparency, so you can get an estimate before sending goods in. The company has also built-in to the app a payout estimator so you can get a good idea of your potential earnings prior to mailing your kit.

        Get the app here: iOS | Android

        4. Poshmark

        Poshmark

          Poshmark was launched in 2011 and has not slowed down in terms of growth. It has rapidly grown to a community of five million sellers. It allows users to list on the app adult and children’s clothing absolutely free. Poshmark goes the extra mile by sending a free prepaid shipping label when you make a sale on goods you advertised.

          The app with just a few pictures can be uploaded in real-time. Think of the app as your own personal closet, except you are showcasing your best and used clothing to make a profit.

          According to Business Insider, the company plans an initial public offering (IPO) later this year.[3] To date, the community of sellers have been paid out $1 billion.

          Get the app here: iOS | Android

          5. OfferUp

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          offerup

            The company launched in 2011, and has been synonymous to as a local version of eBay. The OfferUP app offers rewards to successful repeat sellers with excellent customer experiences. Moreover, the seller and buyers can leave each other feedback on transactions.

            The transparency is an appealing part of the company’s app, and you can add customizations to your experience. For instance, you can create a watch list, ask for information for sellers through the in-app chat feature and negotiate a price.

            The app uses geolocation and users can navigate listings by browsing through categories or proximity.

            Get the app here: iOS | Android

            6. VarageSale

            VarageSale: Buy & Sell

              As the name indicates, VarageSale is a virtual garage sale app. Users can download the app on Android or iOS. VarageSale has presence all across the U.S, Canada, Germany, Italy, Japan, UK, etc.

              The company was founded in 2012 and allows you to sell new or used products. Popular items to sell or trade are smartphones, furniture, electronics and others.

              The service is also built on reliability and transparency. Users must create and complete profiles with all required information. The platform comes equipped with a 24-hour support line to report fraudulent or suspicious activity.

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              Get the app here: iOS | Android

              7. Chairish

              Chairish

                Chairish was founded in 2013 and is a multi-faceted sales service. It is an online vintage furniture, art and home accessories destination.

                Listings are free in Chairish, yet there is a 20 percent commission charge for the items you sell. Items here have a higher selling price. In other words, sellers looking to score serious cash need to guarantee the promoting items are in good condition.

                Get the app here: iOS

                Takeaways

                In conclusion, there are a variety of resources and options to make cash with any of these 7 mobile apps. It is important to conduct a little bit of research before publishing listings. You want to make sure the service and the listings match up closely to what it is you’re trying to sell.

                Not all of the services are created equal. All of these cash-based apps are tailored to specific audiences and markets. Look up items to see how frequently they appear and listed prices. Based on this, you can safely assume that this is the right service to promote and market items.

                Featured photo credit: Le Buzz via unsplash.com

                Reference

                More by this author

                Anthony Carranza

                Multilingual writer and journalist covering all things technology and productivity.

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                Last Updated on August 20, 2019

                How to Set Financial Goals and Actually Meet Them

                How to Set Financial Goals and Actually Meet Them

                Finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. And that’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

                In this article, we will explore ways on how to set financial goals and then actually meet them with ease.

                5 Steps to Set Financial Goals

                Though setting financial goals might seem to be a daunting task but if one has the will and clarity of thought, it is rather easy. Try using these steps:

                1. Be Clear About the Objectives

                Any goal (let alone financial) without a clear objective is nothing more than a pipe dream. And this couldn’t be more true for financial matters.

                It is often said that savings is nothing but deferred consumption. Therefore if you are saving today, then you should be crystal clear about what it is for. It could be anything like kid’s education, retirement, marriage, that dream vacation, fancy car etc.

                Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives, however small they may be, that you foresee in the future and put a value to it.

                2. Keep Them Realistic

                It’s good to be an optimistic person but being a pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going out of the line will definitely hurt your chances of achieving them.

                It’s important that you keep your goals realistic in nature for it will help you stay the course and keep you motivated throughout the journey.

                3. Account for Inflation

                Ronald Reagan once said – “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”. And this quote sums up the best what inflation could do your financial goals.

                Therefore account for inflation whenever you are putting a monetary value to a financial objective that is far away in the future.

                For example, if one of your financial goal is your son’s college education, which is 15 years hence, then inflation would increase the monetary burden by more than 50% if inflation is mere 3%. So always account for inflation.

                4. Short Term vs Long Term

                Just like every calorie is not the same, the approach towards achieving every financial goal will not be the same. It is important to bifurcate goals in short term and long term.

                As a rule of thumb, any financial goal, which is due in next 3 years should be termed as short term goal. Any longer duration goals are to be classified as long term goals. This bifurcation of goals into short term vs long term will help in choosing the right investment instrument to achieve them.

                More on this later when we talk about how to achieve financial goals.

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                5. To Each to His Own

                The journey of setting financial goals is an individualistic affair i.e. your goals are your own goals and are determined by your want to achieve them. A lot of times we get on the bandwagon of goal setting only to realize later on that it was not meant for us.

                It is important that your goals are actually your goals and not inspired by someone else. Take a hard look at this step at all the goals you’ve set for after this step, you will be on the way to achieve them.

                By now, you would be ready with your financial goals, now it’s time to go all out and achieve them.

                11 Ways to Achieve Your Financial Goals

                Whenever we talk about chasing any financial goal, it is usually a 2 step process –

                • Ensuring healthy savings
                • Making smart investments

                You will need to save enough; and invest those savings wisely so that they grow over a period of time to help you achieve goals. So let’s get down to ensuring healthy savings.

                Ensuring Healthy Savings

                Self realization is the best form of realisation and unless you decide what your current financial position is, you aren’t heading anywhere.

                This is the focal point from where you start your journey of achieving financial goals.

                1. Track Expenses

                The first and the foremost thing to be done is to track your monthly expenses. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you would be surprised to see how small expenses add up to a sizeable amount.

                Also categorize those expenses into different bucket so that you know which bucket is eating the most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pump up your savings rate.

                2. Pay Yourself First

                Generally, savings come after all the expenses have been taken care of. This is a classical mistake which almost everyone of us do. We pay ourselves last!

                Ideally, this should be planned upside down. We should be paying ourselves first and then to the world i.e. we should be taking out the planned saving amount first and then manage all the expenses from the rest.

                The best way to actually implement is to put the savings on automatic mode i.e. money flowing automatically into different financial instruments (for example – mutual funds, retirement corpus etc) every month.

                Taking the automatic route will make us lose control of our money and hence will compel us to manage in what’s left with us thereby increasing the savings rate.

                3. Make a Plan and Vow to Stick with It

                Budgeting is the best to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be made.

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                Nowadays, several money management apps and wallets can help you do this automatically. It’s easy and who knows, you may just end up doing what people fail to do.

                At first, you may not be able to stick to your plans completely but don’t let that become a reason why you stop budgeting entirely.

                Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

                You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

                4. Rise Again Even If You Fall

                Let’s be realistic. It’s not like the world will come to an end if you made one mistake. This isn’t called leniency but discipline.

                If you fail to meet your budget for a month, don’t give up the entire effort just like that. Instead, start again.

                Remember that flexible plans are the most realistic plans. So go forward and try to follow your financial goals as planned but if for some reason, the plan gets out of hand for you, do not give up on it just yet. This has a lot to do with your psychology rather than any material commitment.

                All you have to do is to stay on the road and vow to stay on it, no matter how much you fall down.

                5. Make Savings a Habit and Not a Goal

                In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

                Make Savings a habit rather than a goal. While it might seem to be counter intuitive to many but there are some deft ways of doing it. For example:

                Always eat out (if at all) during weekdays rather than weekends. Usually weekends are expensive. Make it a habit and you would in turn be saving a great deal.

                If you are travelling buff, try to travel during off season. Your outlay will be much less.

                If you go out for shopping, always look out for coupons and see where can you get the best deal.

                So the key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice which will be harder to sustain over a period of time.

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                6. Talk About It

                Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission. And it would be rather easy to lose the grip over your discipline.

                Therefore in order to stay the course, it is advisable that you keep yourself surrounded with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

                7. Maintain a Journal

                For some people, writing helps a great deal in making sure that they achieve what they plan.

                So if you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

                Use this journal to write down all essential points such as your short term, mid term and long term goals, your current sources of income, your regular expenses which you are aware of and any committed expenses which are of recurring nature.

                When you have a written commitment on paper, you are going to feel more energised to follow the plan and stick to it. Moreover, it is going to be a lot more easier for you to follow you and track your progress.

                At this point, you should be ready with your financial goals and would be doing brilliantly with savings; now it’s time to talk about the big daddy – Investments.

                Making Smart Investments

                Savings by themselves don’t take anyone too far. However savings when invested wisely can do wonders and we are at that stage where we will talk about making smart investments.

                8. Consult a Financial Advisor

                Investments doesn’t come naturally to most of us therefore rather than dabbling with it ourselves, it is wise to consult a financial advisor.

                Talk to him/her about your financial goals and savings and then seek advice for the best investment instruments to achieve your goals.

                9. Choose Your Investment Instrument Wisely

                Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about them.

                Just like “no one is born a criminal”, no investment instrument is bad or good. It is the application of that instrument that makes all the difference.

                Do you remember we talked about bifurcating financial goals in short term and long term?

                It is here where that classification will help.

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                So as a general rule, for all your short term financial goals, choose an investment instrument that has debt nature for example fixed deposits, debt mutual funds etc. The reason for going for debt instruments is that chances of capital loss is less as compared to equity instruments.

                10. Compounding Is the Eighth Wonder

                Einstein once remarked about compounding,

                Compound Interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.

                So make friends with this wonder kid. And sooner you become friends with it, quicker you will reach closer to your financial goals.

                Start investing early so that time is on your side to help you bear the fruits of compounding.

                11. Measure, Measure, Measure

                All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments; taking stock of how our investments are doing.

                If there is one single step where everything (so far) can go wrong, it is at this step – Measuring the Progress.

                If we don’t measure the progress timely, then we would be shooting in the dark. We wouldn’t know if our saving rate is appropriate or not; whether financial advisor is doing a decent job; whether we are moving closer to our target or not.

                Do measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

                The Bottom Line

                This completes the list of tips for you to set financial goals and actually achieve them with not so great difficulty.

                As you can see, all it requires is discipline. But guess that’s the most difficult part!

                More About Personal Finance Management

                Featured photo credit: rawpixel via unsplash.com

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