“One man’s trash is another man’s treasure.”
When you’re a frugal entrepreneur, having unused items around the house means that you’re missing a valuable chance to make some cash.
Selling or renting out items that do nothing but collect dust has become so easy in the last decade or so thanks to the Internet, as no matter where you are in the world, there’s always someone who wants something you no longer need.
The average person usually accumulates way too much stuff, and if you’re a businessperson looking to fund a new project or simply to help keep ends meet, then it’s time to start getting rid of some things.
Plus, you get to save some more space and you’ll feel great by removing clutter. Of course, sites like eBay and Craigslist are well known as great resources for selling off items, in addition to tried and tested options like yard sales and even some thrift stores that occasionally buy stock.
What we really want to discuss, however, is what exactly you can start to sell or even rent out. Read on to find out.
If you’re lucky enough to have a luxury mechanical watch sitting in a drawer, then you’ll be happy to know that these items are highly sought-after by collectors and usually fetch a pretty penny.
It will depend on the brand and model, of course, but most mechanical watches made by Swiss companies are complex and beautiful little things, which is great for you if you’re willing to sell.
Rolex and Patek Philippe are very popular, but even a Jaeger-LeCoultre can easily get you a four-figure sum if the watch is in good condition. See what we’re talking about on Chrono24 if you want to sell.
Renting out cars
Everyone from Toronto to Timbuktu has heard of renting out rooms with Airbnb, but a new option has come along only recently.
Called Turo, the site allows car owners to rent out their vehicle to whoever might need it for a day or even a weekend. If you find that you need to use your own car infrequently – perhaps you’re trying to stay fit with a bike or use more public transport – then it makes perfect sense to earn cash with this option.
Of course, you’re covered by insurance in case there’s damage to your car from the renter, and you can always meet the person and check their license. If you don’t mind the thought of a stranger using your car, then this is a no-brainer when it comes to making cash off unused items.
Even if you think your Hawaiian shirt is a bit old and uncool, there’s definitely someone wanting one for some fancy dress party! eBay is still probably the number one choice for vintage and used clothing, but if you want a little less competition and also feel like supporting a smaller website, then try one of these options.
Poshmark, The Real Real, and ThredUP are rapidly becoming hubs for buying and selling old clothing. There’s bound to be a few hidden gems throughout your wardrobe and drawers, so if you haven’t worn something for a few years and aren’t likely to in the future, trade it in for cash.
Video games, old phones, and tables and chairs are all valuable items that can be sold online, but if you want the big bucks, then think about selling artwork.
Of course, having a Van Gogh painting just sitting in the attic is pretty unlikely, but it has happened that people own rare paintings from famous artists yet have no idea. Have a look at Sotheby’s, as these experts allow anyone to send a photo and description of a piece of art, after which they’ll tell you it’s worth and how you can go about selling it.
Again, this is not something for everyone, but it’s good to know that a forgotten piece of art in your home could be worth hundreds of thousands of dollars.