In most communities exist online local marketplaces — most often through Facebook
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Yard, garage and estate sales may always be avenues through which to earn cash on unwanted and unneeded items. Perhaps easier are the various online selling options now available.
In most communities exist online local marketplaces — most often through Facebook — wherein a visitor asks permission to join a group and, once given the green light, has an opportunity to offer items for sale and to message sellers when interested in purchasing an item. On Facebook “sell it” sites, users are able to post a photo of the item, provide a description, list a price and receive messages from interested parties. Transaction times and places are arranged individually.
Also, both general and specific marketplace groups exist. Examples of selling groups targeting specific items may include ones for livestock, antiques, craft items or plants.
While most local groups are free, Nerdwallet.com last October listed other popular online selling sites, and their fee structures, including these five:
1. Amazon: Consumers can establish an individual selling plan by paying 99 cents per item sold as well as a referral fee, which is a percentage of the item’s total sales price and generally ranges from 8% to 20%.
2. EBay: Offers a “slightly simpler” fee structure than Amazon in that for most items, sellers pay eBay 10% of the final sales price of the item, which includes shipping costs but not taxes.
3. Bonanza.com: Touted as a place to “find everything but the ordinary”; though not as well known as Amazon and eBay, it charges sellers a minimum of 50 cents per item and has a fee table based on a set of variables (outlined on its site).
4. Poshmark: For clothing items costing less than $15, sellers are charged a $2.95 fee, but for any items over $15, the fee is 20%.
5. Etsy: 20 cents is charged to list a handmade arts and crafts or vintage item, and then sellers are charged a 5% fee on the sales price of the item, not including shipping.