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Like so many, you may be searching for cash during the pandemic. Some have turned their side gig into a full time gig and others are selling off everything they can just to make ends meet. If you are searching for cash, here are a few ideas for you:
MissingMoney.com This site allows you to search for unclaimed property that may belong to you. This could be security or utility deposits that were never refunded, payroll amounts – they can come from just about anything where you were due payouts or refunds but the company couldn’t find you. I’ve done this and have found a few thousand dollars.
Tips to a successful search: Search every state where you have lived, try by just your last name (you can be someone else’s hero if you find money out there for a relative!) and make sure to search using your former name, if you’ve had a name change at any time.
PoshMark We all have those outfits, accessories or shoes that we’ve worn once and they taking up space in our closets. Maybe you have items that you’ve never unpacked from your last move or redecorating adventure. This is a great way to turn these items into cash with little cost/effort.
How it works: Selling on Poshmark couldn’t be easier, really. Download the app, create your account then snap a picture of the item you want to sell, add a description and set your price then list your item for sale. Once you’ve made the sale, you’ll receive a prepaid, pre-addressed label to put on your shipping box. Drop it off at a USPS mailbox or have it picked up from your home. Easy peasy!
Note: Poshmark takes a commission of $2.95 for sales under $15 and 20% of sales of $15 or more. Shipping fees for the flat rate of $7.11 is paid by the buyer, overweight costs are paid by the seller. Get your cash by direct deposit or by paper check.
Mercari Also a simple way to sell just about anything (check the site for information on prohibited items).
How it works: Similar to Poshmark, you’ll download the app, snap your picture, provide a description and set your price. Once the item is sold, Mercari will provide you with a shipping label to attach to your package. Depending on the size/weight of the item, you might choose UPS shipping (special instructions on the site)
Note: Mercari takes a minimum fee of 10% of the item price when the sale is completed. Get your cash by Direct Deposit or Instant Pay (see site for details).
Etsy This is a popular choice among those with arts and crafts to sell. Where you used to go to craft fairs and local art shows, you can now sell direct to customers, as in my previous post about Maddilu Designs. Here you can sell your handmade items, vintage items and crafting supplies. Create your account, snap your pictures, set your price and off you go! You’re going to want to research the fees associated with this site carefully before you start, as they include listing and transaction fees as well as shipping label and payment fees.
There are many options out there, but this should get you started. I hope you found these ideas helpful. I’ll visit this topic again in the future and do what I can to keep sharing ideas with you!
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