Jeff Bezos is one of the world’s wealthiest people. But he was born poor. He wanted to start a business right after college, but didn’t. So how did he start?
Source: Funders and Founders
Jeff Bezos is one of the world’s wealthiest people. But he was born poor. He wanted to start a business right after college, but didn’t. So how did he start?
Source: Funders and Founders
You can sell things online, like dolls, old appliances and books, for cash.
The unused items collecting dust in your home could be worth hundreds or even thousands of dollars. People tend to underestimate the value of their belongings, but buyers often are happy to pay serious cash for rare or limited items, said Jacquie Denny, founder of Everything But The House (EBTH), an online estate sale service. However, even everyday items can find a buyer.
Whether you’re on a cash crunch or want to do some heavy spring cleaning, check around your house. Find out which 20 things you can sell online and elsewhere for extra money.
Chances are that you and your loved ones have clothing that’s collecting dust in a closet. If these items are gently worn, you might be able to cash in by selling them. One of the easiest ways to unload your used clothing for cash is to sell items on consignment.
I’ve been selling clothes through a local consignment store for years and regularly receive 50 percent of the selling price for items I unload. To earn top dollar, look for upscale consignment stores that enjoy a lot of foot traffic. Additionally, you should find out what brands and items the store accepts and make sure your clothing meets the store’s standards.
You can also sell to an online reseller such as ThredUP.com, which will send you a prepaid package to ship your items. ThredUP sellers can earn up to 80 percent of the marked price of their items.
If you paid big bucks for designer shoes or a handbag that you now rarely use, you can reclaim some of your money by selling these items online. Frugal living expert Lauren Greutman said she has sold shoes through Poshmark for up to 50 percent of the retail price.
You can snap a picture of the items you want to sell using the Poshmark app and list them instantly. Poshmark will send a prepaid box to ship items that sell and take a $2.95 commission for sales less than $15 and a 20 percent commission for sales above $15.
If you have an inherited necklace that isn’t your style, or an engagement ring you no longer wear because you’re divorced, you might want to consider selling these pieces for cash. Fine jewelry can be worth a lot, said Denny.
To make sure you get the full value of your jewelry, consider having items appraised beforehand. You can find an appraiser near you through the American Society of Appraisers’ site, Appraisers.org, or sell online through an auction site such as eBay.com. You can also opt to sell to a jeweler or pawn shop, but it’s important to seek out quotes from several stores before doing so.
Many households have $400 to $800 worth of cash in the form of unused laptop computers, said Michele Perry, a consumer tech expert at electronics resale site Gazelle.com. Fortunately, sites such as Gazelle and NextWorth.com make it easy to unload these unwanted laptops for cash.
With Gazelle, sellers can request quotes for their devices. They are then sent prepaid shipping boxes.
“You just send it back with your device, and we’ll send you cash,” Perry said. She went on to remind sellers to erase the data on their computers prior to sending them in.
Used cellphones are another tech item you can sell for cash — even if it’s damaged.
“Most devices still have value even if they are broken or damaged, as long as they are fully functional and just have a broken screen or need to replace a battery or button,” Perry said. In fact, sellers can net $75 for a broken iPhone 6S on Gazelle.com. Moreover, they can earn $185 if the item is in good condition with normal wear and tear.
Sellers can also unload old cellphones on sites like Kiiboo.com and NextWorth.com or drop their phones into one of the more than 2,000 ecoATM kiosks located in shopping malls across the nation.
In 2015, $973 million worth of gift cards went unused, according to the professional services firm CEB. If you have gift cards you’re not planning to use, you can sell them for cash on sites such as CardCash.com, Cardpool.com, GiftCardZen.com and Raise.com.
The above sites purchase gift cards for less than face value and then resell them at a discount. For example, you can get back up to 92 percent of a card’s value at Cardpool.com. You also can exchange gift cards for cash at Coinstar Exchange kiosks in grocery stores.
If you have books you know you’ll never read again — or at all — you can easily turn them into cash by selling online. Check to see if you have any first edition books and books autographed by authors to start, said Denny of EBTH, as these items could be good sources of hidden cash.
Greutman recommended selling unwanted books on Amazon. Scan your books using the free Amazon Seller app, which tells you the current value. You can list your books with the app and price them based on Amazon’s pricing suggestions, she said. It’s important to note that Amazon charges 99 cents per item sold.
Additionally, sellers can unload unwanted books through Half.com, which doesn’t charge a listing fee. Start by visiting sites like AbeBooks.com and Biblio.com to see what your books might be worth.
It’s no secret that children outgrow their toys quickly. Luckily, you can make money selling your kids’ unwanted toys — especially larger items such as kitchen playsets. I made about $50 on a wooden train set for which I originally paid $75 by selling it through a consignment store.
If you have several smaller toys to sell, Greutman advised requesting a box from Swap.com. You can fill it with items and then ship it back to the company for free. Earning $25 to $50 per box is not uncommon, according to Greutman.
If you inherited a collection of porcelain dolls from your grandmother, it might be time to dig them out of storage. In fact, according to Denny, people are willing to pay top dollar for collectible dolls.
Additionally, individuals whose children have old American Girl dolls might be sitting on cash cows. These toys command a high price on eBay.com, said Greutman. For example, a 2014 American Girl Doll of the Year recently had a list price of $399.99 on eBay. This listing is $285 higher than that of the current Doll of the Year sold by American Girl.
Make some extra cash by selling unwanted furniture that’s occupying space in your garage, attic or storage unit. Along with selling items in consignment stores, which offer owners a percentage of the final price, individuals can opt to advertise locally on Facebook, Craigslist.org or OfferUp.
BudgetsAreSexy.com blogger J. Money has made more than $1,000 selling items on Craigslist, including furniture. When listing an item on the site, he recommended posting several pictures, providing all of the dimensions, using keywords such as brand names in your description and researching prices of similar items. Additionally, you should make yourself available by phone or email to respond to interested buyers.
That guitar or drum set you bought years ago, because you thought you were going to start a band, can be turned into cash if your dreams of rockstardom never materialized. In fact, J. Money reported selling an electric guitar, amps and accessories on Craigslist for $225. You also can sell musical instruments online through sites such as Reverb.com, which charges a 3.5 percent fee on sales, or at a physical retailer such as Guitar Center.
Denny said that outdoor sporting goods, such as bicycles, canoes and fishing gear, tend to sell well on EBTH. If you have sporting goods you bought for yourself or your kids, you can sell them on your own through Craigslist or OfferUp.
Additionally, you can take sports gear — such as skis, golf clubs, baseball bats, gloves and football cleats and helmets — to a Play It Again Sports store and receive 30 percent to 50 percent of the selling price.
If you collected baseball cards or sports jerseys as a child, you might be able to exchange these items for much-needed cash. Signed sports memorabilia, in particular, can be a big source of income.
“The more famous the player, the higher the prices demanded,” Denny said. For best results, consider having your items appraised to determine how valuable they are.
You can find an appraiser through Appraisers.org or have trading cards professionally authenticated through the Professional Sports Authentication at PSACard.com. One of the best places to sell sports memorabilia is eBay, which many sports enthusiasts use to find collectibles.
If you have antiques you’re willing to sell, their value will hinge largely on their condition and whether they are rare or have historical significance, Denny said.
“With antiques, small scratches and evidence of light wear and tear can actually increase the value slightly, but structural damage and other repairs can be costly and dissuade sellers,” she said. “All these complicating factors are part of why it’s important to work with a reputable appraiser.”
The best way to secure top dollar for antiques is to sell them through an auction house, according to Consumer Reports. You can also sell to antique dealers, but be sure to get quotes from a few services before doing so. Additionally, you can sell antiques at EBTH, which offers appraisers who will value individual items or an entire estate.
Whether you have inherited artwork that isn’t your taste, or pieces you purchased are collecting dust in the attic, you can opt to sell these items for cash. In fact, I’ve sold numerous pieces of art at consignment stores.
For fine art, consider having items appraised before selling. Regional artwork sells particularly well in EBTH sales, said Denny. You can also sell your fine art through auction houses.
If formal dining isn’t your style, you can unload that china set you inherited or received as a wedding gift at a local consignment store. Denny said china is a popular item sold on EBTH — especially sets made by Spode, Lenox and modern designers, such as Ralph Lauren. Additionally, sellers can list china sets on Craigslist.
If you inherited some sterling silver trays, serving spoons or other items you don’t use, you might be able to earn cash selling them “as is” or for scrap.
“If the silver holds any sort of historical significance, or has any brand association, it will offer a much greater return than if you were to sell it to scrap,” Denny said. However, she acknowledged that the current market for silver is a difficult one.
At the present time, buyers might get more money selling silver pieces for scrap than at a consignment store or through an auction house. For best results, secure quotes from several metals dealers — both online and storefront.
You might have received — or even purchased — savings bonds decades ago only to forget about them completely. In fact, billions of dollars’ worth of matured savings bonds have never been cashed in, according to the U.S. Department of the Treasury.
You can use the Treasury Hunt tool at Treasuryhunt.gov to discover whether you have Series E bonds issued after 1974 that are no longer earning interest and can be cashed in. The tool can also help you identify bonds you might have lost and claim them.
Small appliances that are old or broken can still have value, Greutman said. That’s because you can sell their parts on eBay. For example, a used Keurig K-cup holder recently had a list price of $29.90 on eBay.
You can cash in on those video games you or your kids no longer play by selling them online or at various brick-and-mortar retailers. Sites such as uSell.com and NextWorth purchase used video games and offer free shipping. Additionally, you can sell used video games at retailers such as GameStop, which will pay cash or give you store credit to buy more hours of fun.
Written by: Cameron Huddleston
The giant marketplace, which includes 900 million listings of various items at any given time, wants to shift that vision. The company is seeking to become an online destination for your next purchase of pinot noir or chardonnay, along with the place to find eBay staples like handbags, smartphones and Beanie Babies.
On Wednesday, eBay unveiled a new US-based site called eBay Wine and a partnership with startup Drync to bring a broader selection of reds, whites and rosés to eBay’s new online store.
“It’s a great opportunity for eBay to harness the power of the marketplace to offer customers more selection and listings,” Alyssa Steele, an eBay executive leading the wine effort, said in an interview.
The new site and section in eBay’s mobile app will start with over 10,000 wines from around the world, with inventory expected to double in the first three months. That could help eBay provide a wider selection than Amazon’s online wine store, which already includes thousands of listings. All wine sellers are vetted by eBay, and customers need to check each listing to see whether a particular seller can ship to their state.
eBay has actually been selling thousands of wines on its site for years. However, company executives would be the first to admit that eBay has done a poor job helping customers sift through its massive selection to find what they’re looking for. That’s where eBay Wine will come in, providing a layout, instead of a mess of listing pages, to help people search for regional favorites, specialty bundles or even specific wine glasses.
eBay is trying to become a more-structured storefront, like its rival Amazon, and less like a bazaar. As a result, eBay Wine may be the first of several new curated destination sites within eBay. CEO Devin Wenig hinted at this possibility during an earnings call Tuesday, saying people should “expect several exciting new category launches soon.”
Amid heavy competition from Amazon, Walmart and a slew of e-commerce startups, eBay hopes sites like eBay Wine and its already-popular eBay Motors can goose revenue from its main marketplace business, which has been on a slow decline for the past year.
eBay’s new wine push comes as online sales of beer, wine and liquor have been showing strong growth. The category has been slow to come to Internet shopping due to state regulations for shipping alcohol. Market researcher IbisWorld reported that online alcohol sales in the US reached $743 million last year, up 11 percent. Yet online alcohol sales remain a tiny niche of overall sales in the industry.
Drync CEO Brad Rosen sees the eBay deal, which will bring Drync’s partnering retailers to eBay’s new site, as an opportunity to change that situation.
“This launch of wine on eBay…is the pivotal moment when we’ll see the mainstream e-commerce of wine,” he said. “And I think that’s huge, because it’s one of the holdout industries to take advantage of the Internet.”
Written by Ben Fox Rubin of CNET
The holidays are coming, which can only mean one thing — time to shop. And this year, more than ever before, consumers will turn to their laptops, smartphones, and tablets to buy their gifts, which should be good news for the likes of Amazon and eBay.
Total U.S. holiday spending is expected to increase by less than 4% from 2014’s results, according to the National Retail Federation, but per Forrester, online spending is expected to jump by 11% over last year. Forrester anticipates that U.S. online holidays sales will exceed $95 billion this year.
E-commerce typically makes up only about 10% of the retail sector, but during the holidays, it tends to increase to 15% of overall sales, according to Forrester.
“Mobile shopping is particularly popular during key holiday dates like Thanksgiving and Black Friday because phones allow shoppers to access time-constrained offers at any time wherever they may be,” Forrester analyst Sucharita Mulpuru-Kodali said. “Consumers continue to look to the web channel for convenience, selection, and value over physical stores.”
For the first time ever, Cyber Monday is on track to hit $3 billion in sales, according to Adobe, representing 12% year-over-year growth.
The holiday weekend is also expected to break records in terms of mobile’s share of the online pie.
On Thanksgiving Day, mobile is expected to drive the majority of shopping traffic (51%) for the first time ever, according to Adobe. Mobile sales will likely lag a bit, however, with 29% of overall sales.
Mulpuru-Kodali pointed to mobile as one of the biggest trends this year, but she also warned that the growth in mobile results more from device shifting and a tradeoff for shopping on laptop computers versus an increase in overall online spending.
ChannelAdviser Executive Chairman Scot Wingo similarly pointed to mobile as one of the bigger trends to watch for during the holiday season.
“We’ve seen [mobile] traffic get over 50%,” he said. “It’ll be interesting to see if transactions do.” As far as Adobe can tell though, the latter is unlikely.
While it remains to be seen how big of a role mobile will play in the coming weeks, online players are certain to be happy either way.
“This is going to be an Amazon holiday season,” TheStreet’s Jim Cramer said last week. Cramer said he favors Amazon over the traditional retailers because of their solid business model.
But Wingo has been a bit surprised by Amazon’s holiday promotions thus far. “Amazon is not nearly as promotional this year as they were last year,” he said. Last year, Amazon launched a month of Black Friday deals on November 1 with big fanfare, but this year the company quietly released this microsite with some deals.
eBay, meanwhile, has ramped up its holiday promotions, with Hal Lawton having joined as head of North America from Home Depot and emphasizing a more aggressive holiday strategy.
“Consumers are driving an extended holiday shopping calendar, and demanding earlier access to bigger deals, brands and selection,” said Hal Lawton, senior vice president of eBay North America. “Understanding these shifts allows eBay to celebrate the traditional shopping milestones with our customers, and to also establish new ones.”
Written by Rebecca Borison of TheStreet
EBay said it has sold its 28.4 percent stake in Craigslist Inc back to the online classified advertising company.
Under a confidential settlement agreement, all litigation between the companies will also be dismissed, eBay said in a blog post.
The companies have been feuding for years in civil court over allegations that eBay took a stake in Craigslist and then misappropriated confidential information while secretly planning its own classifieds site.
EBay, which launched classified ad service Kijiji in the United States in 2007, bought the Craigslist stake in 2004.
Written by Lehar Maan of Reuters