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February 20, 2009
How to de-clutter and cash in
A guide to the most commonly found household items to sell and where best to bag
a buyer
MONEY CENTRAL
A household clear-out is an easy way to raise cash in a
recession. And with a ready market for everything from CDs to
hand-me-down clothes, you should be able to make a few
hundred pounds without flogging the family silver.
The best places to sell are websites such as eBay.co.uk, and
local auction houses. Be sure to check fees and commission eBay charges up to 9 per cent, plus a nominal “insertion fee”.
Auctioneers should be happy to make free identifications and
valuations.
Ian Peel, author of the Rough Guide to eBay, says that the key
to selling online is to give as full a description of an item as
possible - with good photos. “For example, someone selling old
magazines will even list the adverts and features in them,” he
adds.
He advises people to list books, CDs and DVDs at the
Marketplace section of Amazon.co.uk, rather than on eBay.
“You don't have to enter a detailed description because Amazon
will already have the cover art, as well as editorial and customer
reviews,” he explains.
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Music and film
With music collections
increasingly stored on computers
and iPods, many readers are
likely to have stacks of unwanted CDs. Mr Peel says that the
shift from discs to downloads means that demand for the former
will tumble within the next couple of years. He adds: “Now is
your last chance to sell second-hand at a reasonable price.”
He listed 160 of his old CDs for sale at Amazon Marketplace
recently - selling about 100 at more than £4 each, after the site's
fees and commission. DVDs are also threatened by downloads
and sell for a similar price.
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MONEY CENTRAL
Books
Newish paperbacks can sell for a pound or two each, after fees,
at Amazon Marketplace or on eBay. However, first editions fetch
much more - with Harry Potter and the Philosopher's Stone
making up to £9,000 in salerooms. Check dealers' prices at
Abebooks.com to get a feel for the market.
Old magazines are a popular collectible. Mr Peel says that the
fastest sellers on eBay include fashionable 1980s and 1990s
titles, such as The Face. He adds: “Worst case, you should
make back the cover price.”
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