We're all hunting for ways to scrape together some extra money to help ease the burden of the rising cost of living crisis. Though it may seem obvious, one way to do so is by selling things we no longer use.
Experts have figured out just how much money we could make by giving up unused items. According to Student Beans , 51 per cent of people surveyed have sold something online, with most using eBay to auction off their belongings.
Using eBay's hot selling items list, Student Beans was able to calculate the top 10 items to sell. From this list, it found the average selling price per item, which, when added up, means that owners of the items could be sitting on thousands of pounds in unused items.
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The average Brit could make £2,250. Therefore, it might be an idea to sell anything you no longer use.
1. Bikes - £380
Selling a bike can be a great way to make a bit of extra cash. Since lockdown ended, the demand for bicycles has continued. The term ‘bikes for sale’ is still getting over 18,000 searches per month. If you have one lying around your garage or stuffed into a cupboard that you have no use for, you could make on average £380 by selling it.
2. TVs - £225
Another quick way to get a substantial chunk of money is selling an old TV. If you've recently upgraded your television, a second hand TV can sell for hundreds of pounds, depending on the make, model, and condition.
3. Home furniture - £211
Not everyone will have an excess of furniture just lying around but if you have recently renovated and happen to have an old coffee table that is taking up space, it could sell for over two hundred pounds. Pre-loved furniture is very popular, with the trend of upcycling continuing to get 2,400 searches per month. Even better, selling furniture can rake in serious cash if you know what you're doing.
4. Consoles - £103-166
Many of us love gaming and so its likely lots of Londoners will have an old Xbox or PlayStation gathering dust in a cupboard. Old PlayStations could make you on average £166, whereas a pre-owned Xbox will get you around £103. Once again, this depends on the make, model, and condition of the console. You could make significantly more if it's in a good condition and you're looking for an easy way to make extra cash.
5. Old mobile phones - £84
There are 6,600 searches per month for mobile phones and demand has increased 22 per cent. People are always on the hunt for mobiles so there is plenty of opportunity to make some money from an old phone. You guessed it, it depends of the make, model, and condition of the phone but sellers can get on average £84 per device. However, a used iPhone 13 pro max can sell for a staggering £1,349.
6. LEGO - £29
Remember the LEGO sets you treasured as a child? Turns out the building blocks are still all the rage and could be worth a decent amount. Sets, figures, and spare pieces go for around £29 per listing on eBay.
7. Clothes - £13.50 per item
Many of us will be guilty of stuffing old clothes to the back of the wardrobe, not so much as glancing at them throughout the year. Having a clear out is a great selling opportunity. By selling some items of clothing, you can save on space and rake in the cash. Depending on the item and brand some pieces could earn you a small fortune. On average, each piece will make £13.50 but this is variable.
8. Video Games - £12.73 per game
Any avid gamers are likely to have some old video games lying around. Depending on the game and on which console they are played, Londoners could make upwards of £12 per item.
9. Jewellery - £8 per piece
If you have an old jewellery box gathering dust, you could make some extra pennies. Instead of leaving jewellery unworn, why not make almost a tenner per piece. Pandora items could even make you £27 per charm on average.
10. DVDs - £3.33 per DVD
Finally, DVDs may not be the go-to way to watch a film anymore since Netflix and Disney+ have come onto the streaming scene, but there are still people who exclusively view films this way. If you have any lying around the house, they could easily stack up some quick cash when sold for just over £3 per DVD.
