Am I Charging Too Little On Vinted?

[MarmaladeSandwich7]

Just sold a BNWT Cotton Traders cardigan for a tenner - it was around £30 when I bought it I think. Loads of people favourited it immediately & then it sold. I’m using the prices guide that pops up to show what that brand has sold for previously but is that always the best way? Obviously Vinted is on the cheaper side anyway but I do want to at least try to make a profit. Any advice for a fairly new Vinted user would be very welcome.

Sounds about right. I always price at the lower end, things go quickly and I can just do one run to the post office.

It depends what you value most. Is it getting the highest possible price and being willing to let it sit for a while unsold etc or would you prefer to have a quick sale?

I try and have the mindset that if I’m not longer going to wear it, anything I get for it is a bonus because otherwise it would just go to charity.

Id prefer item to be snapped up quickly by a buyer so I’m ok with under pricing a little. Just the same way that I appreciate a bargain on Vinted when buying.

You’re not going to make a profit selling your own old/unworn clothes. You’ve paid £30 and sold it for £10 so you’ve made a £20 loss.

I think the price was about right for a quick sale. The buyer will have paid around £15 all in, so half price from the retail price.

I’ve sold some charity shop finds & made a profit on them but I know you have to be careful with that eg if you’re putting on a lot of things & a lot of varying sizes etc, Vinted can ban you.
I found a Tommy Hilfiger/ Gigi Hadid jumper for £4 which is now on Vinted for £20 so will be chuffed if/when that sells. And a designer dress for £3 that’s on at £30 ( they can cost over £300 new). Love charity shops & the hospice one near me is particularly good.

I’m generally finding Vinted better than Marketplace - had stuff posted on there for months.

I’m sure you probably already aware of the tax implications of reselling, but this is a useful article on that topic just in case.

https://www.gov.uk/government/news/information-for-online-sellers

I took ages to sell a Brand new with tags cotton traders jumper for £6! Would you rather it sell fast, or you get more and it waits to sell? Either is fine!

As others have said depends if you value selling it quicker or want to hold out for the best price

I have somethings I’ve left on for a while because I’m trying to get more, my sister just puts it all super cheap to clear it out straight away and I can see the logic of that too

this site has a lot of good advice on Vinted strategy so I’ve read a few things on here too makemoneywithoutajob.com/how-to-price-your-vinted-items/

I think that’s about right. I’m always amazed how many people try to sell items half price or even more on vinted, especially during sale season. The original companies often are selling the items cheaper, plus offer free postage, returns etc.

Technically speaking, you are not allowed to sell things at more than you purchased it, as that’s classed as trading.

I think that's about right, if you're charging £10 then the buyer is paying around £15 Inc fees and postage.

I was always told sell second hand at about 30% of original price so sounds roughly right.

Recommended price isn’t always accurate - the recommended price for a toniebox 2 bundle with characters is £30 when it’s actually worth a lot more

Its about right.

Once they pay.postage and blah blah its about £15/16 for half retail

I find if it doenst go in 2 -3 days it never does

It depends what you want...
I am not looking for a 2nd income stream i just want clutter out of my house and a few quid in the account to buy a few cute outfits for the kids.

I always list cheap and accept pretty much any offers that come in. I half my prices every 3 days or so.
Half the battle for me is actually listing the items in the first place so I'm still enthusiastic getting it posted quickly when it sells. Having stuff sat on there for days and weeks on end would make sure i never listed anything. You have to consider the fees and postage the buyer pays on top as well

Sounds about right to me. I've made about £6000 on vinted across 3 to 4 years. If its something decent don't price too low the right buyer will come along.

Just under half price included postage is about right for decent condition second hand

What? You were lucky to get a tenner. Most people on Vinted want to pay jumble sale prices.

My friend does this. She searches for bargains in charity shops and then makes a nice little profit by selling them on ebay. She makes a nice little living by doing it. She has a lot of health issues, so had to give up her very manual job and this gives her a bit of an income.

I normally list for about 1/3 of the full price and then take offers on that as well. If you're not using it anyway, best just to recoup something.

You are allowed to sell items for more than you purchased. As long as there was no intention to profit from the difference. You simply happened to find an item at a below market value and then sell on at market value once you are done with it - that's fine.

Trading is where you intentionally set out to buy items knowing that they cheap to then sell then on for more money.

I'm guessing thats down to the maths though right?

On Marketplace even if you live in a densely populated city your potential buyer pool is maybe 100,000 people due to who are close enough to make the journey to collect.

Whereas Vinted you can sell to the entire UK.

To me it’s all profit as I would have just donated.

If an item isn’t selling, I drop the price. I don’t resell or buy anything with a view to making a profit.