7 Best Online Buying and Selling Sites for 2021

Are you often satisfied with the things you buy online? Don't be upset or sad just yet, you can get the money that has already been spent. Not by returning money to the seller, but by selling back the goods you bought.

Before you sell or buy items online to make some extra cash, determine the ideal spot for your item. well here Mimin has recommended some of the main online marketplaces along with their explanations:

There are several large online auction and sales sites, and as you will see, some charge significantly lower fees than others. The major players, Amazon and eBay, have higher fees, but they are also the most trafficked sites on the internet. If speed of sales is your goal, this site is the way to go. If you're trying to maximize profits, it may take you more time to find buyers on smaller sites.

1. Amazon

You can sell almost anything on Amazon, although selling in some special categories requires Amazon approval and an enhanced sales plan. Amazon charges several types of fees for items it sells, depending on the type of sales package you have.

If you choose the standard Individual sales plan, you will pay Amazon 99 cents per item sold, plus a referral fee. The referral fee is a percentage of the total selling price of the item, including shipping but not tax, and generally ranges from 8% to 20%. If you sell media items, including books, movies, and video games, you also pay a $ 1.80 closing fee.

The upgraded Professional sales plan costs a $ 39.99 monthly subscription, but you don't have to pay 99 cents per item like you do with the Individuals plan. So, a professional plan only makes sense if you plan on selling more than 40 items per month.

2. EBay

EBay allows you to auction and sell a wide variety of items and has a slightly simpler fee structure than Amazon. For most items, you pay eBay 10% of the final selling price of the item, which includes shipping but not taxes. If you post more than 50 items a month, eBay starts charging you 30 cents per listing over 50.

You can also enhance and promote your eBay listing in a number of ways for an additional fee. For example, you might want to set a reserve price so that your items are auctioned off for at least that minimum quantity. For most product categories, the fee for setting a reserve price is $ 5 or 7.5% of the reserve price - whichever is greater, for a maximum fee of $ 250. You will be charged this fee regardless of whether your item sells or not.

3. Bonanza

Bonanza sells a variety of products that are similar to Amazon and eBay. It charges you based on the selling price of your item, plus any shipping charges over $ 10.So, if you sell an item for $ 20 and ship it for $ 13, your fees will be based on the $ 23 price. Bonanza charges you 3.5% of the price this price; in our example, you would pay about 80 cents. There is a minimum fee of 50 cents per item.

For items that sell for $ 500 or more, you pay 3.5% of the first $ 500 and then 1.5% of the amount over $ 500.

Bonanza also offers to advertise your listing all over the web in exchange for a higher percentage fee.

4. Craigslist, Facebook Marketplace, Letgo

These websites and apps don't necessarily reduce your sales, but it's your responsibility to connect with buyers, meet in person and make exchanges. This is definitely a different style of auctions and online sales. If you're not comfortable handling all the logistics on your own and then run into strangers, you should probably just go online.

Depending on what you're selling, you can arrange to meet your buyers in a public place (many local police stations offer "shelters" for such sales) or ask a friend to hang around while you make the sale. Simplicity is key here: no packing, shipping or fees, just cash in your hands. But unlike many online specialty sales sites, this marketplace doesn't have any guarantee or protection if your buyer fails.

5. Poshmark

Poshmark is a combined online sales and social network for men's, women's and children's clothing, and other items. The fee structure is simple: For all sales under $ 15, you will be billed $ 2.95; for anything $ 15 or more, the fee is 20%. Poshmark charges your buyers $ 7.11 for expedited shipping, so you can simply print a prepaid shipping label, pack your clothes and ship them.

6. Ruby Lane

To post up to 50 items for sale on Ruby Lane, you'll need to pay a monthly maintenance fee of $ 54. List more than that, and post anywhere from one penny to 30 cents per item. Ruby Lane also charges a service fee of 6.7% of the total purchase. (See a more detailed fee schedule here.)

7. Etsy

If you are interested in selling your arts and crafts or vintage collectibles, Etsy is the place to be. You pay 20 cents to register the item and then a transaction fee of 5% of the sale price of the item, excluding shipping. If you use Etsy Payments to process your payment, you will be charged an additional 3% plus 25 cents.

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