How to Sell on Facebook Marketplace
Facebook Marketplace is a great platform to sell your stuff. Whether it’s clothes, books, furniture or even a bike, Marketplace is a popular, easy to use place to do this. You know what they say, one man’s trash is another man’s treasure.
Read on to learn how to make the most money selling your unwanted clutter on Facebook Marketplace and make money fast.
How to Create a Listing on Marketplace
First of all, you need to know how to create a listing. Head on over to Facebook Marketplace and press ‘Sell’ and begin creating your new listing. Then you’re asked to submit various information all about what you want to sell.
Price Your Items To Sell
Listing your item slightly higher than what you hope to receive for it is the best tactic. Facebook Marketplace is filled with people who love to haggle. Listing it higher than you know you want to receive, will help make sure you have a little wiggle room to play with, and give the impression that people are getting a bargain.
Before you name your price, do a little research and see what similar items have sold for. Bare in mind your item condition compared to the sold items. If another item was sold brand new, you probably won’t get the same price. Do consider the condition of your item, as you might get a fright if you don’t. If there are similar items to you currently available, you probably want to price similarly. Can’t find much on Facebook? Have a look in the ‘Sold items’ section on Ebay.
Take Clear & High Quality Photos
Make sure that you take good quality, well lit photos of your item. Buyers need to be able to clearly see what they are spending their money on. Upload as many pictures of your item as possible, so that people can see it from different angles. This helps show the product is genuine, and displays the accurate condition.
Sending Your Items by Post
Although Marketplace is used mainly for people in your area to buy and sell, if you don’t want to drop your items off in person, you can always post them.
Facebook Marketplace is normally free to use, but if you do allow distance selling Facebook will take a sales fee. You will need to send your item by post through Facebook Marketplace system. This is only 2%, which is super low compared with the likes of Ebay at often over 12%, but it is still something you should be aware of.
Whenever sending something by post, always have the buyer pay in advance. Whenever you are sending something out, think about sending it tracked, so you avoid any mishaps or claims of undelivered items. Whether you send it tracked or not, always get a receipt for proof of postage. A great thing about sending the item through Royal Mail, is that incase of a lost package, you can claim up to £20 as standard, or pay more for a higher level of insurance.
Dealing With Payments
Be careful when asking for money in advance as well, as you don’t want to be scammed if people have your bank details or paypal. If your buyer would prefer to pay by cheque, there is a risk they might not clear, so you might prefer to specify payment by cash or bank/PayPal transfer.
Facebook Marketplace Fees
The good thing about Facebook Marketplace is that it is completely free to upload items and create listings. If you are selling an item locally, you have no sales fees either!
Stay Safe with Local Sales
Stay safe when you’re dealing with in person local sales. Consider meeting in a public place, or taking a friend with you. If not, maybe let someone know where you are going.
Compare With Other Marketplaces
If you’re thinking about selling your old clothes, books, DVD’s or anything else, it’s worth considering other marketplace websites like Ebay or Gumtree. For getting cash for your old DVD’s or games, have a look at Music Magpie. Have a look through the different kinds of places you can sell your unwanted items, you might be able to get more money elsewhere.
If you’re in First Year looking for your Second Year house, make sure you settle into your new life at uni first before you jump into signing a contract for a house. Make friends on your course, join societies and get to know your future flatmates a bit better before you decide you want to live with them for another full year! You definitely do not want to be in the situation where you sign for a house in the beginning of the year and then realise that you do not get along as well as you did in the first couple of weeks.
Marketplace Restrictions & Rules
There are a few restrictions on what you can sell on Facebook MarketPlace. Some of these are common sense, but it’s always good to double check before selling anything.
- You cannot try to sell something that isn’t a real item. This is obvious, and you’re probably wondering what it means, because who would upload something that isn’t ‘real’. Simply, it means that you aren’t allowed to list, for example, jobs or services such as cleaning on Facebook Marketplace. You can only list tangible products.
- You cannot sell animals on Facebook Marketplace
- You cannot list anything healthcare related, things like painkillers or any other pharmaceuticals.
- You cannot list anything with a before / after photo. Meaning you can’t list weight loss programs on there, which also falls under the restrictions on not listing services.
Other Ways for Students To Make Money
So now you know how to sell your old stuff on Facebook Marketplace and get yourself some easy cash! If you have a load of old books to sell, we wrote a How To Sell Old Books guide. Or click here for a guide to figure out How To Sell Your Old Clothes. There are so many different ways to make money and list them all here, so we put together a Make Money Hub for you to have a look through.