Cash for Old Clothes

Q: My best friend and I just lost 25 pounds each and we are both stuck with closets full of clothing that are too big on us. We were hoping to make money off of our old wardrobes but are not sure how to get started. What are the online options?

 

 

 

 

 

 

 

Congratulations on your weight loss – now the fun begins! Yes, you can turn your closet into cash easily. On a local level, Craigslist is a good option because there are no transaction fees and you can avoid shipping costs if you sell to someone who lives close to you. On a national level while many people flock to eBay I prefer online consignment and fashion auction sites like oodle.com, clothesagency.com and ellescloset.com.

Before you get started make sure you consider things like seasonality and quality. The chances of selling a wool blazer in the summer are not high, so you may want to hold off on winter items until the weather gets cooler. Similarly, designer duds tend to move faster and items that have stains or are damaged are hard to unload. Of course if you don't have the time or trust to do it all yourself, you can always hire a professional to do the work for you. Power sellers on eBay take a portion of the profits but manage the sales process so you don't have to!