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Do you have unused personal items that you'd like to get some cash for? Throw a stone in any direction of the internet, and you'll find no shortage of platforms to sell items online. And while these days it isn't difficult to earn extra money selling things, it's important to figure out the right venues to sell different personal items. Otherwise, you may not find the right buyers or make as much as you could.

Here are some of the different online platforms to sell your personal goods.

To Sell Goods, Locally

Letgo: Mobile marketplace, Letgo, is the place to go if you're like to buy or sell items locally. The platform supports selling all manner of goods including gadgets, clothes, cars, and even furniture. Letgo simplifies the process by giving you the option to snap photos, post items, and chat with prospective buyers. With over 20 million active monthly users, Letgo is one of the most popular apps to sell items locally. It's also free to use and it doesn't take a cut of your sales.

5Miles: Another popular mobile platform is 5Miles, where you can buy and sell anything under the sun. Like Letgo, it's absolutely free to use and won't take a cut of your sales. And besides ratings, users can also verify their identity through Facebook.

Electronics and Books

BookScouter: Not sure what to do with those unwanted books gathering dust on the shelf? With BookScouter, you just pop in the ISBN of any book to compare offers from over 30 buyback vendors. The site and app are free to use, and books ship for free.

Decluttr: Decluttr is an online platform where you can sell unused media — DVDs, CDs, books, gaming consoles, and phones. All you have to do is scan the barcode of an item, and Decluttr comes back with an "offer," or valuation of the item. Upon acceptance, the item goes up for sale. There are no auction fees, and shipping is free.

Clothing

Poshmark: With over 25 million items for sale, Poshmark is a widely used platform to sell unused fashion items. You just snap a photo, write up a description, and put it on the marketplace. Poshmark will provide a prepaid shipping label for your sold items. They take $2.95 for sales under $15, and 20 percent on sales of $15 or more.

thredUP: Looking for a consignment platform to sell your gently used clothing, shoes, and accessories? Instead of posting items directly onto the platform, thredUp will send you a "clean out bag." You fill the bag and return it with a prepaid mailer. Next, thredUP will comb through your items and choose the ones that meet their standards. As for fees, thredUP takes a "payout" on sold items, which are based on the listing price.

Best Practices for Security

While selling personal items online, make sure to safeguard your personal and financial information. For the most part, reputable online platforms will do all that they can to ensure your info and transactions are secure. This includes identifying and disabling accounts that are fishy.

To safeguard your info, take the following precautions:

  • Don't include any personal info in item descriptions — whether it be an email, phone number, specifics on where you live, or your birthday — and don't exchange this information with prospective buyers.
  • Always meet in a safe, public space.
  • Discuss payment options beforehand so that you're on the same page. If possible, accept only cash.
  • Use different passwords for all of your apps, and change them periodically.
  • Report any suspicious activity to the company's support team.

To boost your odds of getting the most money for your personal unwanted goods, deciding to sell items online is simply a matter of it being sold in the right marketplace. With a knowledge of what's out there, it'll ease the process and up your earnings.

Disclosures

This information and recommendations contained herein is compiled from sources deemed reliable, but is not represented to be accurate or complete. In providing this information, neither KeyBank nor its affiliates are acting as your agent or is offering any tax, accounting, or legal advice.

By selecting any external link on www.Key.com, you will leave the KeyBank website and jump to an unaffiliated third party website that may offer a different privacy policy and level of security. The third party is responsible for website content and system availability. KeyBank does not offer, endorse, recommend, or guarantee any product or service available on that entity's website.

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