Monday, 5 November 2012

Make Money from Stuff you Don't Need

You found money hidden in your home in the form of spare change, gift cards, reward points and more. But you probably have more cash lurking in your home, disguised as un-needed items. Now is the time to search out some of the things in your home that you no longer need and sell them to make a few bucks. It’ll have the added benefit of helping de-clutter your home before the influx of holiday guests and new toys and gifts. Depending on how much time you have, and the value of the items, you may choose to sell them yourself through online ads, or take them to a local consignment shop and have someone else do the work … though they will also take a portion of the sale price.

A general rule of thumb for setting prices for re-sale of items is to price it at about 1/3 of what it would cost new. Possibly a little more if it’s in excellent condition and a well sought-after item, or a bit less if it has more wear and tear. And of course, you should always balance how badly you want a few more dollars for your item, versus the benefit of making a quick sale.

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