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pocket change

Five Friday Faves | Pocket Change | July 14, 2017

If you know me I am down with the free pocket change. It adds up. There are entire websites dedicated to how to earn pennies (LITERALLY The Penny Hoarder) but seriously who has time to go through and try all of their suggestions (Justen Martian often tries stuff he reads on there LOL)?

I’ve spent time looking at a lot of “earn money by doing this” apps/sites/etc, and I’ve compiled my five favorite ones that require very little effort and whose rewards I’ve benefitted from.

001. SWAGBUCKS {site + app}

Swagbucks is my first “earn free gift cards” love. I just added up how much I’ve earned from Swagbucks in the 7ish years I’ve been a member and… get ready for this… I’ve earned $425 in PayPal cash and/or gift cards. WHAT! That’s SO MUCH MONEY. Swagbucks is pretty easy: you search + earn points. You can take surveys, daily polls and even link your debit card to earn money at connected retailers. I haven’t been using it as much recently (so dumb of me) but it’s seriously my favorite way to make money doing something I’d be doing anyway (searching the internet)

002. EBATES {site + app}

I first started noticing Ebates on Mattie’s budget recaps. She had money she was earning for shopping online and I was kind of mind-blown. Swagbucks offers Swagbucks for shopping, but this was like real money with no real threshold and I was intrigued. I really started using it last fall and since then, I’ve made $170.40 just by installing the Ebates button on Safari and clicking it before I check out on any site. I LOVE that you earn 7% back when you shop on iTunes – before I buy anything on iTunes, I go to the Ebates app, click through and then enjoy getting some change back just for buying music I was going to buy anyway!

003. SHOPKICK {app}

Last week I was at the store and took the twins on a scavenger hunt to find things and scan them. They had fun and I earned points to redeem for a gift card. So far I’ve earned $65 in free gift cards simply by opening the app when I’m wandering around the mall (you get kicks just for walking in to certain stores!) and scanning things. Often when we’re at Target and I’m looking at stuff, Justen will take my phone and go get some kicks for me.

004. SEASHELLS {site}

Okay Seashells is pretty brilliant. You buy gift cards online and you receive cash back for them. Want to know the best part? Some of them stack! For example, when I need to buy new ink for my printer, I buy a $40 Staples gift card. Then I go to staples.com and activate Ebates. I choose to pick them up in the store, saving on shipping, and then I’ve received cash back for the gift card AND cash back for Ebates. They have Amazon, iTunes (stacking potential there!), Chipotle (omg praise hands), Red Robin, Regal Cinemas, Home Depot, Walmart and Uber… to name a few. If you join using my code (mw1llubX), you’ll get $5!

005. RECEIPTPAL {app}

Last Justen checked, ReceiptPal isn’t accepting new members. He uses something similar, ReceiptHog. I love ReceiptPal because all I have to do is scan receipts and I earn points to be redeemed for Gift Cards. I recently connected my e-mail address so I automatically get points for any receipts that come to my e-mail inbox – including my Poshmark sales! That is AMAZING, because I’m earning money for gift cards just by making money! I love it so much.

There are tons and tons of ways to earn some pocket change online (that’s what I love to call these apps/sites because do you KNOW the power of saving your change for a year and then cashing it out for $110 unexpected dollars? it’s so exciting!), but these are my 5 favorite that have consistently paid out.

Have you signed up for any of these or am I missing some other great way you’re collecting pocket change?! Let me know in the comments!

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The Poshmark Series: Poshmark vs. other options

Welcome to the second installment of The Poshmark Series, where I’m walking y’all through how to make some moolah on Poshmark. You can read the intro post here, or you can keep scrolling to find out why I recommend Poshmark over other reselling options.

Check out my closet here, and sign up for Poshmark here with my code BWCTE for $5 credit towards your first purchase!ย 

How Poshmark compares to other selling platforms // stephanieorefice.net

Poshmark VS. ThredUp

ThredUp is an online consignment store. They send you a big bag, you shove it full of high-quality name brand items and send it in. Prior to them sorting the bag you can pay a fee to have anything they won’t accept returned to you, or you could forgo that expense and they’ll discard the unaccepted clothing. They take the shipping charge off of what your bag is worth and then they give you a ThredUp balance of that amount. After two weeks or so you can redeem it for a visa gift card sent via the mail. The waiting period is probably in hopes that you’ll choose instead to spend it on their site.

ThredUp is better than Poshmark if you have piles of clothing you’re on the verge of donating and making $0. If you have a bunch of clothes you want out of your house ASAP, then ThredUp is the best option for you. You can join with my link and receive off your first purchase.

Poshmark is better than ThredUp if you are wanting to have control of the money you make and you have the time/space to dedicate to clothes you’re waiting to sell. Your items may not sell immediately, but you get to choose the price and you get to control how low you’re willing to sell them.

Here’s why I choose Poshmark over ThredUp: I once found a pair of Athleta leggings at the bins. I only paid 75 cents or so for them. They weren’t in my size, but I thought they were a pretty good find. This was pre-Poshmark for me, so I sent them to ThredUp expecting to make some good money off of it. They gave me $4ish dollars for the leggings, and within 24 hours they had sold them for $54. No. Thank. You.

Poshmark VS. eBay

I have been selling my old Victoria’s Secret PINK sweatpants on eBay since… well, forever. Most of my sweats came from various thrift stores, so I tend to acquire overflowing drawers full, then I’ll sell a bunch and then re-fill the drawers. Most people know how eBay works, but here’s an overview just in case. You can list your item to sell or auction and it’s seen by a lot of people. Buyers can bid and outbid and they have a bit of a choice over how much they’re willing to pay. You, of course, can set the startingย bid or buy it now price.

Where ThredUp is the middle man between buyers and sellers, eBay is less so. You are in charge of determining shipping costs and deciding which shipping method to use and invoicing the buyer, unless you have a set shipping fee.

eBay is better than Poshmark if you want to sell a variety of items. Poshmark is strictly clothing, shoes, accessories & NWT makeup items. If you have lotions, trinkets, etc. eBay is your way to go. It also is more widely known, so your potential audience is much greater.

Poshmark is better than eBay if you don’t want to deal with the hassle of shipping. I’ll talk about this more in a later post, but they charge a flat shipping rate of $6.95 for 2-3 day delivery up to 5 lbs. The buyer automatically pays the shipping cost and your only hassle is making sure you have the correct packaging.

Here’s why I choose Poshmark over eBay: There were a pair of NWT Old Navy jeans that had been sitting in my Poshmark closet, unsold. I’d picked them up at the Bins and I decided I just wanted them gone.ย Shipping is confusing, and even though I’d weighed the jeans beforehand when I went to buy the postage, I ended up paying almost exactly what the buyer had sent me to cover the whole transaction – meaning I sent away a brand new pair of jeans and made less than a dollar on them. I’m sure there’s a learning curve, but I’m not down to lose a bunch of money while I figure it out.

Poshmark vs Vinted, Mercari, other clothes reselling sites/apps

Vinted is similar to Poshmark, but online. They have forums and encourage a lot of user engagement. There’s just not a huge buyer audience there. There’s a reason you won’t find a J. Crew store in a little Main Street shop in the middle of nowhere. If you’re selling a product you want people to buy, you should probably sell it where the buyers are. This is why so many big name stores have been closing lately. The buyers are not walking into their doors, the buyers are shopping online.

As for the other reselling sites and apps, I just don’t have time to manage that. Cross posting, making sure the inventories are accurate.. I just have not the time. Instead of spreading my energy thin by learning a zillion different selling tools, I’ve chosen to focus on ONE: Poshmark. If you want to learn more, here is a post about selling on Mercari and here is one about selling on Vinted.

So now that I’ve shared with you why I choose to use Poshmark over other platforms, join me next Friday for the next installment in The Poshmark Series, which is going to be all about getting started – the lingo and the basics! As always, hit me up with any questions you may have because the last post in the series is going to be full of YOUR questions!

 

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