Billie Faiers makes over £150 in 24 hours as she lists designer items on Vinted, from Zara boots to Karen Millen dresses
SHE needs the closet space, and knew she could make some cash for charity in the process.
So Billie Faiers decided to jump on the Vinted trend, and listed loads of her designer goodies on the selling app.
And it seems her decision paid off, as she made an incredible £165 in just 24 hours.
The proceeds from her Vinted sales will be going 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.
New Vinted rules to be aware of
IF you fancy clearing out your wardrobe and getting rid of your old stuff on Vinted, you’ll need to consider the new rules that recently came into play.
If people are selling personal items for less than they paid new (which is generally the case for second-hand sales), there is no impact on tax.
However, since January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You’re unlikely to be affected if you only sell a handful of second-hand items online each year – generally, only business sellers trading for profit might need to pay tax.
A tax-free allowance of £1,000 has been in place since 2017 for business sellers trading for profit – the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.
However, firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over £1,700.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
While your data won’t be shared with HMRC if you earn between £1,000 and £1,700, you’ll still need to pay tax as normal.
Among the items she listed were a pair of fur-trimmed ankle boots from Zara, for which she got £15, and a gorgeous beaded Karen Millen dress in a size 8, which fetched her £40.
In fact, Billie said that the beaded dress was the one she’d worn during a trip to Paris with sister Sam and their mum Sue.
“I remember at the time getting loads of DMs asking if I was going to sell it,” she said.
“I wasn’t ready to let go then, but now it’s time!”
Billie also listed numerous kids’ items, including a gorgeous rose Deolinda dress, in size 9-12 months, for which she received a £20 offer.
The only item that currently remains unsold is a six to nine-month Bonton jacket, which Billie has listed for £75.
“As we know, especially with babies, they grow so quick, and actually a lot of Margot’s clothes are brand new or she might have only worn it once or twice,” she added.
“So I feel like it would be so lovely to give it a second life and to someone who will love it as much as I did.”
Billie also sold a Topshop jumper and skirt co-ord for £35, a pair of green knee-high boots for £20 and some Marks & Spencer trousers for £15.
“What I love about Vinted is that it’s so easy to use, and there’s no seller fees,” she continued.
Despite being a new Vinted user, Billie already has over 7,100 followers on the app.