Side hustle

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With tens of thousands of Aussies turning to side gig and contracting work to generate an income, an expert has warned that many could fall foul with the ATO for failing to operate their activities as a proper business.

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Coco Hou, the managing director of Platinum Accounting Australia and Platinum Professional Training, has explained that people taking up side gig and contracting work must ensure they follow the rules of business. 

“A lot of people have lost their jobs over the last 12 months or have been forced to cut back on the number of hours they work due to COVID.

“As a result, we are seeing a significant surge in the number of people taking up side gig and contracting work. Effectively, these people are starting up their own businesses and therefore should be managing their activities as legitimate businesses,” Ms Hou said.

Understandably, for many Aussies this is a completely new way of earning money and they have little to no understanding of their accounting and taxation obligations and the requirements associated with setting up and running a business.

“Like any other business, they need to apply for an ABN. 

“In addition, they also need to register for GST when their business reaches turnover of $75,000 or more. 

“If you start a new business and expect your turnover to reach $75,000 or more in the first year of operation, then you need to register for GST straightaway.”

Ms Hou believes many people are at risk of failing to set themselves up properly from the outset.

“Bookkeepers are in huge demand at the moment. While people are busily trying to build up their client base and deliver services as a side-gigger or contractor, they don’t have time to be focusing on the bookkeeping and accounting side of things.

“They are going to get themselves into trouble with the ATO. 

“This is why it is important for anyone who is now working in a side gig or contractor capacity to find themselves a good bookkeeper to ensure they are meeting their obligations and importantly capturing and recording all of their expenses so they can claim them come tax time,” Ms Hou concluded.

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With tens of thousands of Aussies turning to side gig and contracting work to generate an income, an expert has warned that many could fall foul with the ATO for failing to operate their activities as a proper business.

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Many home owners have joined the Airbnb community as host to earn money. How much profit can you make from this business venture?

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Since its launch in 2008, Airbnb has changed the hospitality industry game. It has set the standard for the new wave of short-term rental services, giving travellers and tourists the option to rent a unit, a room or an entire property rather than staying in a hotel.

For real estate owners and home owners, the digital marketplace platform presented an opportunity to make extra money by renting out their homes or rooms to guests. For the second quarter of 2019, Reuters reported that Airbnb took in more than US$1 billion in revenue. 

Hosts are also cashing in on the Airbnb hype. The home-sharing service company says hosts that have chosen to list their property on Airbnb have earned over US$80 billion. 

Currently, Airbnb has listings in 220 countries and in over 100,000 cities around the world. These figures are seen to continue rising. Data company AirDNA’s latest report showed that Australia’s short-term rental supply has seen a bump of almost 47 percent or almost 30,000 homes in the market last year. Across the country, these types of holiday rental accommodations generated around $3 billion in revenue. 

With thousands of Airbnb hosts taking a slice of the booming home-sharing service industry, you might be asking, how profitable is running an Airbnb?

How do you make money from being an Airbnb host?

Before becoming a host, you must have an understanding of the financial aspect of Airbnb.

Signing up and listing your property on Airbnb is free. Upon completing your listing, guests will be able to make a reservation request and book your accommodation. 

When someone books your space, Airbnb charges a standard host service fee of 3 per cent of your set price. For example, if you have set a nightly rate of $150  for a room and a guest stays for one night, you will get $145.50 and Airbnb will receive $4.50. This rate can rise up to 5 per cent, depending on the cancellation policy that you have established for your listing. 

Additionally, Airbnb will charge a guest service fee to the person who will rent the property. This fee can range between 5 per cent and 15 per cent, depending on the length of the stay, the type of the Airbnb listing, the final subtotal, and including other undisclosed factors. However, this fee will impact guests only, but not the host’s profit. 

When do you get payments from Airbnb?

Hosts receive payment from the booking through the payment option selected and in 24 hours after guests’ check-in time. 

But for new hosts, there is a longer waiting period. If you received a booking request on the first day your listing went live on Airbnb (which is very unlikely) it will be 30 days before you will receive your money. However, if you get your first booking after 31 days of registering, you only need for the payment to be received after the standard 24 hours. 

There are several factors that can affect your payout. There may be processing delays that may prevent you from receiving payment within the set timeline. Your profits may also be lower if your weekly or monthly discount has been applied to the booking. It can also be affected by weekend pricing or custom pricing. If applicable, value-added tax (VAT) may be added on top of the Airbnb service fee charge. 

How much money can you make on Airbnb?

Former Airbnb Australian manager Sam McDough said that hosts earn an average of $3,700 a year. However, that figure may vary drastically depending on a variety of factors, such as how frequently you rent out your place and how much your nightly rate is.

It might be surprising to hear, but having a fully booked month doesn’t always equate to higher profit. Let us compare the earnings of two hosts:

Host 1: Fully booked, lower nightly rate 

Nightly rental price: $70

Monthly occupancy: 100 per cent

Monthly Airbnb income: (30 x 100 per cent) x $70 = $2,100

Host 2: Partially booked, higher nightly rate

Nightly rental price: $100

Monthly occupancy: 75 per cent

Monthly Airbnb income: (30 x 75 per cent) x $100 = $2,250                                                                                                                                                                                                                                                                                                                                                                                            We can see the second Airbnb host still earned $150 more than the first host despite being partially booked. However, if the price point of the two hosts is the same, the first host will be ahead in profits. Therefore, it is important to be strategic in setting your nightly rates and your bookings when you are an Airbnb host. 

The amount of money you can earn from your Airbnb rental can also vary on the type of listing, the location and how well you list your property. 

For example, listing a property located in one of the capital cities will allow you to set your nightly rate higher due to the high demand for home-sharing services in these high-traffic areas. It may also impact how often your listing will be reserved.

According to OpenAgent, Airbnb rentals in Sydney and Melbourne take in higher average monthly revenues and have occupancy rates compared to other cities despite having a high number of active rentals. On average, Sydney hosts receive a $2, 965 monthly revenue with a 65 per cent occupancy rate and Melbourne hosts receive a $2,939 monthly revenue with a 67 per cent occupancy rate.

Renting out a property near a tourist destination or areas of interest can also make your listing profitable as tourists search out accommodations near these travel hotspots. You must also be aware of the off-season and peak seasons in the area of your listing. 

How much should I charge for my listing?

The nightly rate of your listing can make or break your success as an Airbnb host. You may opt to use the app’s Smart Pricing Tool that automatically changes the price of your listing based on several factors, such as demand, seasonality, availability and others. But if you are looking to maximise your profits, you must have the initiative to strategise on your pricing. 

Compare your prices with other listings

One way to have a competitive price is to use the map function on Airbnb or its price comparison tool. It allows you to look at what other people are offering in your area. Make sure that the properties you are comparing with are similar in terms of cost, location and amenities. 

For example, if you are renting out an entire house, filter your search to accommodations that offer the whole place or house. If you are renting your property that is nearer to transport links than competing listings, then you can boost the price of your accommodation. If your property has amenities such as a hot tub and similar accommodations in the area don’t have them, you may be able to increase your price. 

Alter the prices throughout the year 

After estimating the average nightly rate, make sure that the price listed by other hosts for their properties is true to what they listed. Some hosts will put some dates at a low rate for a few dates during the year. These days are usually during the off-peak seasons. By doing this, Airbnb will choose to list it at the lower price. But if you check closely, they will have higher rates for the majority of the year. 

Manage the pricing for on and off-peak seasons. If there are festivals or anticipated mass gatherings in your area, you can increase prices due to the high demand. 

How can you maximise your profit?

Now that you are informed on how you can profit from Airbnb, here are ways to maximise your profit from your listing:

Have a strategic listing 

Most first-time hosts disregard the importance of optimising their property’s listing, considering the step only as a formality. Without having first-hand experience in your space, potential guests can only make their choices based on listings. That’s why making a good impression is important to get guests. 

Become a superhost 

One of the best ways to increase your profit is to become a superhost. A superhost is a host that has a high rating on the Airbnb app, with an average of 4.8 plus out of 5. The high rating indicates that they have provided “extraordinary experiences” for their guests.

Airbnb rewards superhosts generously. As a superhost, your listing will have higher visibility on the platform. Superhost listings get featured in search results, emails and more. You will also be given a separate filter and a special badge on your profiles so your listing would stand out and attract potential guests. 

Due to your increased visibility as a superhost, you will have higher guest acquisition and thus more earning potential. Exclusive rewards are also offered to superhosts. When you refer a new host, you will receive an additional 20 per cent to the standard bonus rate. You are also entitled to a $100 travel coupon for each year that you maintain your status as a superhost.

The path to becoming a superhost is not easy. You must achieve and maintain a 4.8 or higher average rating based on reviews. The listing must have a minimum of at least 10 stays in a year. You must be responsive to guests and maintain a 90 per cent response rate or higher. A cancellation rate of 1 per cent or lower is also a qualification to be a superhost. 

Becoming a superhost will take patience, but the benefits are promising. Putting in the needed time and effort to reach the superhost status can help you gain a higher occupancy rate and more revenue. 

Be aware of costs associated with hosting

Like any other business, there are investments you need to put into your space if you want it to succeed. Make sure the cost you put into your property will not outweigh the average income you will get from being a host. 

Keep track of your upfront cost. This includes expenses for redecorating and refurbishing your space. You may also invest in amenities including basic equipment such as Wi-Fi, security cameras, kitchen appliances and others. 

Additionally, keep in mind that you will also have upkeep costs. A percentage of every booking is going to be used on some type of repair or ongoing maintenance, including carpet cleaning and replacing lost or broken items. 

We have all read the Airbnb horror stories about unruly guests and other unfortunate incidents, so make sure your investment is covered before you start hosting. While Airbnb offers a Host Guarantee (property damage protection of up to US$1 million), you should consider getting additional insurance for your accommodation.

You should also check your local laws about hosting and complete any requirements needed to operate legally. 

This would mean researching how occupancy tax collection works in your area. In some jurisdictions, Airbnb automatically collects and pays taxes on behalf of guests whenever a guest pays for a booking. By operating on the right side of the law and knowing all the regulations, you will avoid incurring penalties from the local government. 

Experts say that hosts should budget for their overall operating expenses to range from 25 per cent to as much as 75 per cent of their total income. But this percentage will also depend on the volume of bookings and how much of the bookings will be outsourced, such as managing the listing and cleaning services.

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Many home owners have joined the Airbnb community as host to earn money. How much profit can you make from this business venture?

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Mother-daughter duo Maria and Anastasia Papazoglou saw a gap in the market five years ago for affordable, finer sterling silver jewellery. Five years on, the brand they co-own, The Silver Collective, launched its first store in Sydney’s Westfield Miranda.

Write comment (0 Comments) " ["fulltext"]=> string(1930) "

Maria and Anastasia were inspired to build a brand that was accessible and affordable for all.

In its first year of operation, the collection was made up of six different pieces, and sales landed at 50 pieces by the end of the year.

However, this quickly shifted in the second and third year. From the pair packing jewellery in their spare room and leaning on friends and family to box jewellery, the brand sold more than 9,000 pieces in it’s the third year of operation.

Then able to afford financial investment in a website and content for social channels, the brand experienced astronomical growth, growing by 200 per cent from 2017 to 2018 and selling 18,000 pieces throughout the year.

Following this boom, Maria and Anastasia decided to extend their work ‘family’ and hire three staff with expertise that would allow them to invest in areas that were fueling business growth, including graphic design and customer service.

Currently, there are 740 different styles in the collection, and on an average day, 100 pieces of jewellery are sold.

The brand saw a record peak during their 5th birthday 20 per cent off sale last month, when they sold more than 1,200 units in just 48 hours.

“Choosing to start a business when most people start thinking about retirement wasn’t an easy decision,” Maria said.

“I already had the fashion experience but didn’t know anything about digital marketing. This is where Anastasia came in.”

While Anastasia said “we all turn to our Mum a lot in life”, she never thought it would be to start a business.

“Everything we do is not only around style and trends, but love and family, too,” Anastasia said.

“We express this through our campaigns by sharing our personal stories, as we want our customers to feel that they too are a part of The Silver Collective family.”

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Mother-daughter duo Maria and Anastasia Papazoglou saw a gap in the market five years ago for affordable, finer sterling silver jewellery. Five years on, the brand they co-own, The Silver Collective, launched its first store in Sydney’s Westfield Miranda.

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After seeing his regular work decline when COVID-19 hit Australia in March, one Sydneysider decided to try his hand at starting a new business largely based on his favourite childhood pastime – jigsaw puzzles.

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In March this year, it was Scott Morrison himself who declared jigsaw puzzles essential supplies. Quizzed on what he meant by leaving the home for “essential supplies”, PM Morrison said at the height of Australia’s lockdown: “I will give you an example. Our kids are at home now, as are most kids, and Jenny went out yesterday and bought them a whole bunch of jigsaw puzzles.

“I can assure you over the next few months we will consider those jigsaw puzzles absolutely essential.”

Twenty-nine-year-old Aussie artist Dan Wakehurst took the PM’s words quite literally and turned his childhood hobby into a side hustle.

He channelled his background in film, media, advertising and technology to setup People Who Puzzle, which is now celebrated as Australia’s newest puzzle brand.

Paying homage to the crisis that essentially set Dan on this path, his latest mega-detailed 1,000-piece puzzle is called “Lockdown” and depicts 60 characters scattered throughout a comically illustrated urban scene and a further 20 appearing in “the cloud”, capturing a broad range of experiences that Aussies can relate to.

People are depicted engaging in activities that became synonymous with staying at home during lockdown: working and studying from home, baking, binge-watching TV, gardening, receiving home deliveries, walking the dog, hand sanitising, dancing on TikTok and, of course, jigsaw puzzles.

Other playful highlights include: a grounded fleet of aircraft (satirically called “Emu Air”), people on video calls (including a man in only a business shirt and underpants), and a startled man being issued a fine by police while eating a kebab alone on a park bench (referring to the bizarre headline that sprung up in April during Sydney’s lockdown).

There’s even a panic buyer in a hazmat suit, gas mask and rubber gloves, surrounded by stacks of canned food, rolls of toilet paper and N95 face masks.

It was important to Mr Wakehurst that the artwork exhibited both humour and empathy.

“2020 has been a strange and difficult year for everyone, and I think we’ve all experienced degrees of anxiety or frustration. I wanted the artwork to reflect the absurdities that we’ve all been through together, in a humorous way,” he said.

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After seeing his regular work decline when COVID-19 hit Australia in March, one Sydneysider decided to try his hand at starting a new business largely based on his favourite childhood pastime – jigsaw puzzles.

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Promoting your product on social media can seem like a difficult undertaking. Here are the ways you can effectively use these digital platforms for marketing.

Write comment (0 Comments) " ["fulltext"]=> string(6363) "

Most businesses use social media for marketing these days. Social media marketing allows businesses to reach their target audience and promote their products or services on various social media platforms.  

However, setting up an account on social networks and creating content is not enough. Marketing on social media is highly competitive and constantly changing. If you are a business looking to market your products, you must implement creative strategies for social media marketing to be effective. 

 Here are a number of ways you can promote and sell products on social media networks. 

Fill out all the details on your social media profile 

You should include the complete details about your business or product when signing up for social media accounts. 

For example, your Facebook page must include all contact details, store addresses or relevant links to your product’s website. This strategy should be applied to all social media accounts that your brand is on. 

Having complete details on your social media account will give consumers who are interested in your product access to more information about the brand and how it can add value to their lives. 

It is also important to practice cross-promotion on your accounts. On your Facebook page, link your social media accounts on other platforms such as Twitter and Instagram. On Facebook, you can add your social media handles in other accounts on your banner picture. 

If you have a physical store, make sure that customers are informed that you are active on social media. Get your employees involved. Ask them to promote your social media accounts to walk-in customers and to discuss the benefits of following your account. 

Run social media ads

By creating social media profiles, it is easier for customers that are initially interested in your product to find you on social networks.

However, the competitive nature of social media marketing has made it difficult for businesses to sustain their online reach. Changes in algorithms in social media networks such as Facebook, Instagram and Twitter have also affected marketing in these digital platforms. 

In 2018, Facebook announced that it changed the algorithm in the social media network on what content will be shown in users’ news feeds. The company expressed its desire to focus more on “connecting people and less about consuming media in isolation”. This meant that businesses have to implement strategies in order for marketing content to become more visible for target consumers. 

An effective strategy to improve your business’s organic reach (how many people you can reach by posting in your account for free) is to pay for social media ads. For example, paid Facebook ads can help you boost views on a post. This will increase the engagement on your page and bring your product more leads, which can be converted to sales. 

It is also important to ensure that the social media ads run by your page are shown to your target audience. You can take advantage of the analytic tools provided by social media sites that will help you reach users that may exhibit a pattern of online behaviour, interests or likes that may be in line with your target audience.  

Host contests on social media 

Conducting contests on social media networks is a good way to generate interest in your product. It will also allow you to promote a certain product without having to pay for advertisement.

Contests on social media platforms should be engaging. Make sure that the contest will be accessible to all interested individuals. It can be as simple as a giveaway contest. Giving free products or services usually catch the attention of your current followers or any new customers and will encourage them to join.

Here are some examples of effective Facebook and Instagram contests you can run: 

• “Follow us”/ “Like us” and share contests
• Photo or user-generated content contests
• "Tag a friend in a post" contest
• Generate a hashtag contest 

Establish confidence through product reviews

Recent studies show that product reviews have a big impact on how potential buyers view a product. According to the Spiegel Research Center, almost 95 percent of consumers read online reviews before purchasing a product. 

 Positive reviews and testimonials from existing customers are the best way for interested buyers to be more informed about what you are selling. They also serve as social proof that can build up confidence in your product. 

You can establish consumer trust in your brand by posting photos of your customers using your product. Some brands post user-generated stories and videos on how their product positively affected a buyer or user. 

Give deals and promo codes 

Sharing deals and promo codes to your social media followers can help drum up interest in your product. 

Provide deals that are exclusive to your social media followers to build up brand loyalty and strengthen your bond with them. 

You can also run flash deals that are time-limited or will only be available on certain platforms, such as in links in Instagram stories or in a Facebook post. Some brands offer personalised discounts on birthdays or create special promos for specific holidays. 

These special deals for social-only followers can help keep them engaged and interested in the content you provide. It also allows you to target a part of your followers depending on what kind of deal or discount you are offering. 

New customers attracted by your discounts may also repurchase your product and help promote it with their positive feedback. 

To learn more about digital marketing, explore nestegg today!

  

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Selling your unwanted items is a practical way to declutter your home and earn extra cash at the same time. 

Write comment (0 Comments) " ["fulltext"]=> string(9841) "

Selling stuff has come a long way from garage sales in front lawns. There are a number of online sites and apps that can now be used as a digital marketplace to sell your items. 

Below are tips on how to sell your items online.

Make a list of the items you will sell

 Make an inventory of all items that you are planning to sell online. Determine if the item is in good condition and has value. Some popular items to sell include collectibles, exercise equipment, furniture and electronics. 

After selecting the items you are going to sell, you need to make sure that there is a market for them. Check online marketplaces if there are buyers looking for the items you are planning to sell. 

Another way to check if your items can be sold is by tracking similar listings on marketplace websites. If the items are quickly sold and listings are closed at a reasonable pace, you can be assured that your items are in demand. Higher demand will also mean that you can ask for a higher asking price than the average. 

Know the value of your items 

Be aware of the expected market prices of your items. Check some listings for the type of items that you are planning to sell. 

By knowing the price band of your items for sale, you will have an estimate of the total money you can make. It will also help you determine the next set of items that you can sell. 

Choose where to sell your Items

Selling stuff online can be difficult if you are not familiar with the different websites and apps where you can sell them.

These are the main factors to consider when deciding where to sell your items.

• Reliability – First, you must determine if the website offers all the services that you are seeking. Look for an online marketplace that is easy to navigate and use. It is also important that the website can be customised according to your preferences. Another factor to consider is if it provides proper customer support that can help you to deal with technical issues and queries relating to the website. 
• Cost – This refers to the fees collected by websites and apps when you list your items on their platforms or join as a member. Major websites, including Amazon and eBay, charge bigger fees but have a high traffic rate. If you are looking to quickly close a sale, these are the websites you should choose. If you are aiming to get a bigger profit from your sale, you can opt for a smaller website or free apps that charge lower fees. 
• Customer base – Another thing to consider is how many active buyers and sellers utilise a marketplace. A bigger customer base means more potential buyers. On the downside, a larger site or app will also mean a more competitive market. 
• Target market – Choose an app or website with the type of audience that will be interested in your product. You may use a marketplace that can sell any items or a site that has a specific target audience. You will also need to consider if the site provides buy and sell services at a local or international level. 

After taking these factors into consideration, here are some of the leading websites and places where you can begin selling: 

Facebook Marketplace and groups

Facebook Marketplace is a digital marketplace where users of the social media network can buy and sell items. You will only need to have a Facebook account before you can access this feature. 

There are no listing, membership fees or transaction fees on this marketplace. However, Facebook Marketplace does not have an established payment system. You will need to reach an agreement with a buyer on the payment method you are going to use for your transaction.  

Another way to sell items on the social media network is by joining Facebook groups. Join relevant groups and post your item listings so you can sell to members. For example, if you are looking to sell your used clothes and shoes, you should look for groups that are interested in second-hand fashion items. 

Due to the lack of a built-in payment system, transactions on Facebook Marketplace and groups pose some risks. While you can choose to have your items shipped, transactions on the site are mostly local and will require sellers to do face-to-face pick-ups. If you are looking to sell your products to international buyers, it might be better to choose another website. 

The site also does not provide seller protection like other sites, so you need to be careful of scams. 

 eBay

There is a lot of upside by choosing to sell your items on eBay. It is one of the world’s biggest online marketplaces, allowing you to sell your product to a global audience. With its wide range of product categories, eBay allows sellers to auction and sell almost anything except illegal or prohibited items.  

You can choose to be an individual seller or open up an eBay Store when you register for an account. Registration is available to anyone that has a credit card and will not require any fee. 

One major disadvantage of selling your items on eBay are the numerous fees the platform charges its users. This includes subscription fees, listing fees, final value fees and PayPal transaction fees. 

Amazon 

Like eBay, Amazon is known for being one of the biggest online marketplaces in the world. It has a wide range of product categories and even offers its own shipping service.

Amazon has marketplaces in a number of countries globally, which can help you sell your product to a bigger target audience. 

You can choose from two selling plans when you register on Amazon. You can “Sell as a Professional” or “Sell as an Individual”. Sellers are charged fees to be able to list their items on the platform depending on their selling plan. 

Under the Individual selling plan, Amazon receives 99 cents per item plus a referral fee, which is a percentage of the item’s total price. If you are selling media items, including video games and movies, Amazon will charge you an additional closing fee. 

The Professional selling plan requires sellers to pay a monthly subscription fee but removes the required 99 cents per item charge. 

Due to its popularity, Amazon is also a very competitive marketplace that will require you to put in extra effort for your product to be noticed. 

Bonanza  

Bonanza is a general online marketplace that provides a platform for sellers to connect with buyers globally. It boasts of being a “seller-centric” site where you can sell virtually everything. Signing up for an account is free and there are no listing fees on the website. 

Setting up a seller account or ‘booth’ on Bonanza is simple, and the site’s interface is user-friendly. The only mandatory fee on the website is a transaction fee that can be as low as 3.5 percent. 

However, the site’s fee structure becomes complicated as transactions are completed. Closed sales are subjected to several types of fees and charges. Aside from the transaction fees, sellers will need to take into consideration optional advertising and membership costs if they are planning to sell on Bonanza.  

Etsy

If you are looking to sell handmade goods and crafts, vintage items or collectibles, Etsy is the platform you should choose. It has a very specific niche audience and can help you get connected with potential buyers with relevant interests. Creating an Etsy shop is easy and is very easy to manage. The low listing fee is also appealing to sellers. 

 However, only limited items can be sold on the website. With such a specific range of items, the market is highly saturated and it can be difficult for your product to stand out. 

Provide complete details about your items 

No matter which platform you choose to sell your items on, getting buyers to notice your product listing is your main goal. 

Provide good photos of your products. It is also necessary to write a compelling and eye-catching description and title of the item you are selling. If possible, add specific details such as measurements and disclose product flaws. Make sure that the price of your items are competitive and within a determined price band based on the market. 

Lastly, make sure that your items are listed accurately. Being dishonest with your product listing can damage your reputation as a seller and may also hurt your chances of selling your items. 

Be responsive to queries and responses

Speed is important when trying to sell a product. Try to respond as quickly as possible to any  inquiries regarding your product listing. Providing customers with prompt and polite responses will increase your chances of closing a deal. 

Good customer service will also help you retain customers. Follow up on potential buyers and make sure that all queries about your products are answered. 

Stand firm on your prices

Some buyers will attempt to negotiate on the prices of your items. You will likely face hagglers that will pressure you into selling your items for a lower price. 

A way to counter haggling is by listing your items slightly above your desired sale price. This will allow some concessions between you and the potential buyer. However, if you have done your market research and know the correct pricing band for your items, stick to your price.   

For more tips on how you can earn money through side hustles, explore nestegg today!

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Here are tips to closing deals on online sites and apps." 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Selling your unwanted items is a practical way to declutter your home and earn extra cash at the same time. 

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