So you’ve downsized your closets. Congrats! Let’s explore ways for you to capitalize on your hard work by selling some of your clothes online! I’ve used all of these methods personally and love them.
- Twice: There are quite a few online resources you can use to sell used clothing, but my personal favorite is Twice. Send them items that are on their ‘approved’ brand list (no Forever 21, but they like LOFT, Zara, etc.) – they send you a bag with a prepaid label, you mail it off, they process and get back to you. I’ve seen good financial returns with this method. Like most places, they try to incentivize you to take a store credit over cash, but remember… you shouldn’t be shopping more than is necessary for your capsule!
- Depop: It’s basically instagram for selling fashion. You post a snap with a price, people comment, and you ship out the product. Find me on depop @laurawit.
- Other online alternatives: there are tons of options, like Tradesy, Poshmark, Thredup, the RealReal, and of course Ebay. Lucky Magazine has a great article with more sites and details.
- Plato’s Closet or Buffalo Exchange (in-store): there’s quite a network of these used clothing stores around the United States, and they’re a quick and easy way to get rid of more trendy pieces that might not qualify for some of these online share sites. In my experience, you won’t get as much money from these places, but hey, it’s better than nothing!
- Donate to a non-profit: Goodwill and the Salvation Army are always reliable, and many organizations now have large containers in public places to drop off your used goods. Always a good option!
Once you’ve sold and/or donated the bulk of your closet (right? wishful thinking?) you can get a better idea of your budget. This month, in preparation for my first capsule, I’ve been selling like crazy. I’ve so far made about $100 and I anticipate at least another $200-$300 to come in. I’m looking at my profits as motivation for buying a few new classic, high quality pieces for my capsule.
As this is my first capsule, I’m anticipating a higher overall budget as I start to acquire pieces to last me through multiple seasons and many wears. Right now I’m looking at a maximum $400, to use for a few pairs of leather shoes and high quality investment pieces.
But wait… I thought the point of a capsule collection was to get rid of things, not buy more? True, and also false. We’ll cover that in the planning post, up next.