Tired and Skint

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  • Vinted Review: Is it worth it?

    I think so. Will it make you rich? Probably not.

    Vinted is a marketplace where you can sell your old clothes, tech and accessories. The concept is fairly simple and it is worth doing just don’t expect to make a fortune.

    All you need to do is take some photos, upload them onto the app, write a brief description around size and general condition, colour, set your price and click upload. Buyers can then view your wardrobe and if there is something that they fancy either pay the asking price or send you a counter offer (you can decline). Once you have accepted an offer, the buyer pays. You package the item and take it to the nearest drop off point, normally the post office or an InPost locker. No labels required, they do that for you in store. The buyer receives their item and has 2 days to confirm they are happy with it before Vinted automatically approves it on their behalf.

    Most of the things you list on there aren’t going to bring you top money but if the alternative is chucking them in the bin or donating to charity then you may as well try and get some cash for them first.

    Non designer clothing can fetch anything from £1 to £10 if you’re lucky but generally around £3-£5. Low end designer clothing really does depend on what brand it is but I’ve been selling used Jack Wills polos at £5 with great success. I have a Gant shirt on there at the moment listed for £20 with plenty of views and favourites but no purchase just yet. I have known people sell Canada Goose or Moncler jackets on the for £50 which is a lot for Vinted but I can’t help feeling that it’s cheap for the jacket itself.

    If you think of Vinted as a bargain website you won’t go far wrong. If you’re expecting to sell things for half the price you originally paid, you’ll be disappointed but if you look at it as another £5 in your pocket every time something sells you’ll be delighted and filled with excitement every time a notification pops up on your phone.

    Overall it’s a good little app that will help you financially (even if it’s not much) and also help you declutter your wardrobe.

    If you want to get started you can use my link Here.

    Top Tips:

    1. Make sure you list a minimum of 5 items straight away. This gives you a frequent lister badge straight away and boosts your profile visibility.
    2. Take good quality photos, I prefer to take pictures of shirts/tshirts on coat hangers.
    3. Make sure clothing is ironed, nobody wants to buy something that’s creased.
    4. Price a little higher, everyone loves to offer a little less than you’re asking. If you want to sell for £3, list it at £5!
    5. Once sold, post quickly. Don’t buy parcel bags as this eats into your profit. Instead use a bag for life, Morrisons cost 40p when you do your shopping which is cheaper than a parcel bag which can be a £1 each!

    Bonus Tip:

    You can refer your friends using your invite link and if they list 3 items for sale, you get a £5 voucher to spend on Vinted. If they sell an item in 30 days, you get an additional 5 x £2 vouchers to use on Vinted.

    Good luck and happy selling!

  • FREE £10 weekly giveaway

    My goal is to add value to people’s lives. I’ve spent a long time scouring the World Wide Web looking for ways to make money online and it would appear to me that generally speaking there is always a catch.

    There is a lot of paid online material, courses, and offers promising to help you make you money online and the truth is, it’s true they will help you but conveniently they leave out the hard bits and even more conveniently they ask you to hand over your money before you find this out.

    I’ll give you a few examples:

    Affiliate Marketing:

    For those of you who do not know what affiliate marketing is, in a nutshell it’s the idea of promoting a product through an affiliate link and when a customer buys the product the seller gives you a commission. If the seller is offering a 10% commission and the product is £100, every time a customer buys that product using your affiliate link the seller will give you £10. Now this model does work but what happens is the person who is introducing you to the world of affiliate marketing is generally selling you a piece of software which they turn are getting an affiliate commission from getting you to buy it in the first place. At the same time they often offer you a discounted course or a free e-book on how to become a “6-figure affiliate” whilst leaving out the hardest part, generating traffic to your affiliate link and fundamentally there are two ways to generate traffic.

    • Paid traffic: essentially paying for adverts to display your website and affiliate links meaning your spending money you probably don’t have on something that’s unlikely to generate any sales or enough sales to keep you motivated.
    • Free traffic: it takes a long time to generate any meaningful traffic to your link, it’s unlikely you’ll get a sale within 6 months meanwhile the marketing guru that has introduced to affiliate marketing has benefited from 6 months of commission whilst you try and get your affiliate marketing business off the ground.

    Avon/Utility Warehouse:

    Both have been around for quite some time and both involve selling products to the general public. This way of generating extra money for you and your household is marginally better the affiliate marketing however it is a mix of affiliate marketing, direct sales and referral marketing. It’s split into two main channels, sales commission and affiliate commission.

    Sales commission, you get a percentage of every product sold, let’s use the 10% commission example on £100 again, for every £100 of product you sell with Avon, Avon are giving you £10 commission.

    The affiliate side of it all is that you refer people into your “down line” and then you earn a commission on every they sell, it could be 2% or 20% it all depends on the company you are working with.

    You think great, I’ll sell it a bit, recruit some people into my down line and earn off their sales too. Soon I’ll have 100 people in my down line and I’ll live off that but what happens when you run out of customer or people to recruit? Have you ever noticed both start with hosting a party or recruiting yourself. Ask friends and family, post on Facebook. What generally tends happen is even if you can sell to your friends and family, once that’s done you’ve run of customers, you post of Facebook you get 2 people interested and you are ignored by the rest so you keep posting and then suddenly your Facebook friends count starts to go down and people are snoozing your post because they’re sick of seeing it.

    The truth is every product and every service has a catch and a motivation but people tend to hide their motives, hide what they’re really after. So what’s my catch?

    This is a new website and all websites need traffic to succeed, to maintain operational. As I said in my opening line, I want to add value to people’s lives but also to my own life, to my family’s life. I want to do this full time, I don’t want to work for people, I want to work for myself. I don’t want to be scouring the internet trying to find ways to make money and grow increasingly frustrated by the false advertising and half truths. I want to provide the genuine ways to make and save money. An honest and transparent service that anyone can use.

    Enough waffle,

    THE CATCH:

    The reward: every Friday I will giveaway £10 to one person picked at random, via PayPal.

    Concerned about subscribing for any reason? Think you be receiving daily emails or not quite ready to hand out your email to such a new site? Create a brand new email address, use gmail or outlook whoever you like. PayPal payments require an email address to send money to and your email also acts as your entry to the free weekly £10 giveaway. For as long as you are subscribed you are in the draw.