SAM FAIERS has revealed that she sells piles of freebies on Vinted, most of which still have the labels on.
The TOWIE star said that she constantly gets given clothes at events or from stylists that she ends up having to give away or sell.
Speaking on the podcast she shares with sister Billie, The Sam & Billie show, the mum of three said: “Once every two to three month I’ve probably got a sack or two of clothes”.
She said that 70% of the clothes that she puts on there have either got the labels still attached, or have been worn only once.
The reality star added that she had to start selling her clothes as she had piles and piles of them in the attic.
“I keep finding stuff in my loft and it all needs to go as I’m just hoarding it”.
Sam said that she has an assistant called Bella, who runs the Vinted page for her, and sells all of the clothes.
Sister Billie added that she often sells her daughter Margot’s clothes as she wears them once and then grows out of them.
She said that selling them means that people can get things that are basically new for a good price, and the clothes don’t end up getting thrown away.
The sisters said that they will sell basically anything on Vinted, except any of their clothes that they want to keep for their daughters to wear when they are older.
“I’ve got box of stuff for them”, Billie said.
Earlier this month, Billie started selling on Vinted, as she didn’t have enough space for all of her clothes.
She made an incredible £165 in just a few hours, and all of the money she makes from the site will go to charity.
“I’ve just had a massive clear out and I’ve switched my wardrobes from winter over to summer,” she said in a video on her Instagram Stories.
“I’ve heard so much about Vinted, so I thought I’d set up an account and show you some of the things I’m going to be uploading.”
“What I love about Vinted is that it’s so easy to use, and there’s no seller fees”.
Vinted is an online marketplace where people can buy and sell second hand clothes, shoes and accessories.
It’s completely free to upload clothes to the app and Vinted does not take a cut of sellers’ profits and instead charges buyers a small fee to purchase each item.
Do you need to pay tax on items sold on Vinted?
QUICK facts on tax from the team at Vinted...
- The only time that an item might be taxable is if it sells for more than £6,000 and there is profit (sells for more than you paid for it). Even then, you can use your capital gains tax-free allowance of £3,000 to offset it.
- Generally, only business sellers trading for profit (buying goods with the purpose of selling for more than they paid for them) might need to pay tax. Business sellers who trade for profit can use a tax-free allowance of £1,000, which has been in place since 2017.
- More information here: vinted.co.uk/no-changes-to-taxes
Online marketplaces like Vinted and Depop have millions of users across the UK, with the cost-of-living crisis only increasing their popularity.
Financial pressures in British homes saw sales of second-hand goods jump by 15 per cent to £21 billion in 2022.
One in six people now say they buy used items, according to research commissioned by review site Trustpilot.
So, now’s the perfect time to make yourself some extra cash on the likes of Vinted.
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