photo credit: dearsomeone
As I mentioned in my last post, I would love to be able to earn a passive income online, but that is a long journey and the rewards don’t always match up to the effort put in. We can all raise money through resources that we all have and have simply forgotten about, and I’m talking about all that ‘junk’ you’ve got squirreled away in your loft/spare room/under the bed.
Out of site, out of mind, but the questions I’ve asked myself are: Am I really going to watch all those DVDs? Will I listen to that CD again? Am I going to wear that shirt again? The simple fact if you haven’t used them for the past few years, then you probably didn’t even remember you had half the stuff so why not make some money from them.
Primarily I’m looking towards my DVD and CD collection to clear space and to also make a few quid. There are three routes to take for these items as each CD/DVD has a different value (I believe) and they cannot all be sold in the same way.
- Someone wants them. If you have rare CDs, import DVDs, collectible vinyl then it’s worth realising this and putting the item up for auction on eBay. We all know how eBay works and if there is high demand for an item then you can often get a very good return.
- No one wants them. It would be hard to shift these ones as they are frankly worthless, and so a website such as Musicmagpie.co.uk which buys your discs regardless of who they are can get rid of the clutter. Most CDs/DVDs will only get 30p each which seems rather small but it’s better than just giving them away and some will be worth more. If you have lots of discs then this can add up.
- Everyone might want them. Some CDs/DVDs remain popular, but due to their mass popularity there are a large amount in circulation, and so they are not easy to sell online. If you go onto eBay and search for DVDs then you will see thousands of identical ones, most with zero bids, or going for next to nothing. For my popular items I will look to cut out the middle man and sell direct via the ‘for sales’ board at work. I know who I’m targeting and if I can achieve £1-£2 per DVD then I would be happy and I believe this is what people would be happy to pay.
Some people will argue that they paid £10 for the discs when new and want to recoup more of their costs, but the fact is that something is only worth what someone is willing to pay for them. Whilst it might not seem that much it is better than nothing, and in most cases it’s money for something you didn’t even know you had.