Ways for College Students to Earn Extra Cash
If you have clothes, accessories or shoes that are in good condition but that you no longer wear, turn them into quick cash by selling them on consignment. Research the consignment shops in your area to find the right match for the types and styles of clothing you have to sell. Most consignment stores will price items at one-third of their retail value, and you’ll likely get 50% of the price at which your items eventually sell. Plato’s Closet is a great resale store for students to sell back their trending teenage clothes. Rather than having to wait until your items sell to get cash, nPlato’s Closet makes an upfront offer for the clothes you bring in, based on style, condition and brand. You’ll walk out the door with cash in hand for the clothes they take.
You might be able to get more for your used clothes by selling them online. For example, you can earn up to 80% of the resale value of women’s and kids’ clothing, shoes and handbags at fashion resale site thredUP.com. If you have high-end men’s or women’s clothing, jewelry, watches or accessories, try your luck with luxury consignment site The RealReal. You can earn up to 85% of the resale value in cash. Another option for designer clothing and accessories: Tradesy, which pays a 19.8% commission on the resale value of items worth $50 or more. You receive earnings via PayPal, debit card or a bank account. (Note: Several of these sites require you to register before you can enter and explore.)
Poshmark, an easy mobile consignment store, takes it all: clothing for women, men and children, plus handbags, shoes, jewelry and makeup. For sales over $15, you keep 80% of the sale price, and Poshmark keeps 20%. Ebay is also an easy-to-manage resale site; each item you post is up for auction until the deadline you set.
Keep in mind that uploading and monitoring your online closets and sales may require more effort on your part, but it could result in a bigger return.