Fashion
I made £6.7k on Vinted in one year – there’s a social media trick not many people know about that helps shift items fast
A VINTED pro has revealed how she raked in over £6,700 in one year on the marketplace app.
Millie Beaton’s best month saw her earn a whopping £1,502.76 selling old clothes she doesn’t want anymore.
You might be missing a few tricks on VintedAlamy
tiktok/@milliebeatonMillie Beaton shared how she made £6.7k in just one year[/caption]
In a viral TikTok video, she detailed her Vinted earnings and even took to the comments to share her tips for shifting clothes quickly.
And while her worst month was selling £163.70 worth of clothes in June, things soon picked up.
By the end of the year, her total earnings were £6,713.11.
According to her comments, Millie has around 2,000 items listed at any given time.
“I found engaging with Facebook Vinted pages really helped with followers and selling,” she said.
“As you can see what items people are looking for.
“I’m forever uploading stuff to get rid of.
“I have way too much clothes.”
She also encouraged other Vinted users to share their usernames in her comment section to help their page’s gain exposure.
“This is literally amazing, do you think paying for Spotlight helps?” one viewer asked.
Millie replied that Wardrobe Spotlight, Vinted’s in-house boosting feature, “definitely helped her”.
According to Vinted bosses, “Wardrobe Spotlight is a paid feature that can boost your whole wardrobe’s visibility and help you with more chances to sell”.
“Once activated, we’ll promote and match your listings to members who are more likely to buy them,” they explained.
“Your entire wardrobe is promoted, so we’ll feature the best-matching listings from your wardrobe in members’ individual search results and newsfeed.
“Members can discover more of your wardrobe and follow you for new listings in just a few taps too.
“Your Wardrobe Spotlight is activated immediately after purchase and runs for seven consecutive days.
“Don’t worry if you can’t see your Wardrobe Spotlight listings in your own search results — your listings are matched to other members based on their preferences.”
New Vinted rules to be aware of
IF you fancy clearing out your wardrobe and getting rid of your old stuff on Vinted, you’ll need to consider the new rules that recently came into play.
If people are selling personal items for less than they paid new (which is generally the case for second-hand sales), there is no impact on tax.
However, since January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You’re unlikely to be affected if you only sell a handful of second-hand items online each year – generally, only business sellers trading for profit might need to pay tax.
A tax-free allowance of £1,000 has been in place since 2017 for business sellers trading for profit – the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.
However, firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over £1,700.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
While your data won’t be shared with HMRC if you earn between £1,000 and £1,700, you’ll still need to pay tax as normal.
A VINTED pro has revealed how she raked in over £6,700 in one year on the marketplace app.
Millie Beaton’s best month saw her earn a whopping £1,502.76 selling old clothes she doesn’t want anymore.
You might be missing a few tricks on VintedAlamy
tiktok/@milliebeatonMillie Beaton shared how she made £6.7k in just one year[/caption]
In a viral TikTok video, she detailed her Vinted earnings and even took to the comments to share her tips for shifting clothes quickly.
And while her worst month was selling £163.70 worth of clothes in June, things soon picked up.
By the end of the year, her total earnings were £6,713.11.
According to her comments, Millie has around 2,000 items listed at any given time.
“I found engaging with Facebook Vinted pages really helped with followers and selling,” she said.
“As you can see what items people are looking for.
“I’m forever uploading stuff to get rid of.
“I have way too much clothes.”
She also encouraged other Vinted users to share their usernames in her comment section to help their page’s gain exposure.
“This is literally amazing, do you think paying for Spotlight helps?” one viewer asked.
Millie replied that Wardrobe Spotlight, Vinted’s in-house boosting feature, “definitely helped her”.
According to Vinted bosses, “Wardrobe Spotlight is a paid feature that can boost your whole wardrobe’s visibility and help you with more chances to sell”.
“Once activated, we’ll promote and match your listings to members who are more likely to buy them,” they explained.
“Your entire wardrobe is promoted, so we’ll feature the best-matching listings from your wardrobe in members’ individual search results and newsfeed.
“Members can discover more of your wardrobe and follow you for new listings in just a few taps too.
“Your Wardrobe Spotlight is activated immediately after purchase and runs for seven consecutive days.
“Don’t worry if you can’t see your Wardrobe Spotlight listings in your own search results — your listings are matched to other members based on their preferences.”
New Vinted rules to be aware of
IF you fancy clearing out your wardrobe and getting rid of your old stuff on Vinted, you’ll need to consider the new rules that recently came into play.
If people are selling personal items for less than they paid new (which is generally the case for second-hand sales), there is no impact on tax.
However, since January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You’re unlikely to be affected if you only sell a handful of second-hand items online each year – generally, only business sellers trading for profit might need to pay tax.
A tax-free allowance of £1,000 has been in place since 2017 for business sellers trading for profit – the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.
However, firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over £1,700.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
While your data won’t be shared with HMRC if you earn between £1,000 and £1,700, you’ll still need to pay tax as normal.
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