Is your garage riddled with tools that you do not need anymore?
It is better to exchange an unneeded tool for some quick cash. Not only can you get some quick cash, but it also creates more space in your toolbox!
Depending on their condition, used tools can have incredible resale value but, the problem lies in knowing where to find a buyer for them.
Do not worry, we have you covered! Read on to discover some ideal places to sell used tools and get a fair price.
Where To Sell Used Tools?
- Facebook Marketplace
- Pawn Shops
- Tool Consignment Stores
- Garage 101
- Garage Sales
- Flea market
- Classified Ads in Local Newspapers
With over 135 million users worldwide, eBay stands out as one of the best marketplaces to sell your used tools. Its extensive network lets you find a customer within a few days and receive a fair value for your items!
Selling on eBay involves meeting some basic requirements, including having a seller account. To begin, visit eBay and click on the “Sell” option at the website’s top. You will be redirected to a page to gather the necessary information to create your account.
Once your seller account is set up, you can list your tools on the website. Make sure to include clear pictures and provide a concise description of your tool. Your description should explicitly outline the tool’s condition and specifications.
When selling your tools through eBay, you have two pricing options: you can either auction them or set a fixed price. Opting for the fixed price allows you to establish a specific amount for your tool. If they find the price reasonable, interested buyers can directly purchase the product.
On the other hand, the auction option offers a more flexible pricing approach. Begin by setting an initial bidding price for your listing. Subsequently, people submit bids for your tool, and the highest bidder ultimately secures the purchase.
2. Facebook Marketplace
Being an extension of the widely-used Facebook, the Marketplace is a great place for you to sell used tools. It is a great platform for finding and selling various items, such as used office furniture, electronics, tools, and clothing.
Facebook Marketplace allows you to list your product without charging additional costs for listing or selling the products but you need a Facebook account to access the Marketplace is necessary. Selling your tools through the Marketplace almost follows the same pattern as eBay.
To sell your tools, create a listing on Marketplace through your Facebook account. Add pictures and a description explaining your tool’s condition. After adding the required information, set a price for your listing.
Facebook Marketplace only connects you with a seller, allowing the seller to negotiate the price. When you have brokered an agreement, you must complete the deal by meeting the buyer and handing the object to them. You can also ask the customer to arrange a pick-up for the tool.
As for receiving payments, you can either take money when handing the tool to the seller or opt for any convenient method. In short, the Marketplace’s easy selling process marks it a good place to start when looking for places to sell used tools.
3. Pawn Shops
If you’re looking to get cash in hand immediately, pawn shops are a quick and easy way to sell used items. These shops typically buy a wide range of goods, from jewelry to electronics and even tools.
You just walk in, get your item appraised, and if you’re happy with the offer, you walk out with cash. It’s as simple as that.
Just keep in mind that pawn shops are in the business of reselling, so you might not get top dollar compared to selling directly to a buyer. But for speed and convenience, they’re hard to beat.
4. Tool Consignment Stores
These stores are a solid choice if you’re not in a rush and want a better price for your used tools.
Basically, you give the store your tools to sell, and they take a cut of the sale price once it’s sold. It’s less immediate than a pawn shop, but you’re likely to get more money this way.
5. Garage 101
Although it allows you to sell your tools, Garage 101 also allows you to make passive income through your tools by renting them out!
Unless you are an independent general contractor, you usually require tools to work on a one-time project. Once you are finished, the tools no longer serve a purpose except to occupy space in your garage. Hence, it is more convenient to rent them according to your needs and return them when you are done!
To sell or rent your tools through Garage 101, you must create an account. After creating your account, list your tool and set the price. However, now is the time to decide whether to sell or rent your tools.
If you want to rent them, Garage 101 lets you set prices depending on the time. For instance, you can charge hourly, daily, weekly, or monthly. However, if you want to sell them, mention a fixed price for your tools.
When listing your tools, add clear pictures and mention the condition. Taking clear pictures is the quickest way of attracting buyers and selling your tools.
Garage 101 also gives a $10 credit when you list a product on the platform for the first time! Even if you sell a tool, it lets you earn $10 more than the demanded price, making it a lucrative choice.
Having a high demand for items like used clothes, sneakers, electronics, and vrious tools, Craigslist also marks as one of the best places to sell used tools!
The high demand for tools on Craigslist can help you find a buyer and sell your tools reasonably. Since Craigslist shares many similarities with the Facebook Marketplace, it somehow provides a similar experience.
Distinguishing itself from other platforms, Craigslist stands out by offering cash gigs. If you do not mind using your tools to make some quick cash by performing side hustles like assembling furniture or doing labor jobs, Craigslist can help you find opportunities to make some money on the side.
Alternatively, you could just sell your tools like any other platform. Start by creating an account, adding pictures, and defining your tool’s condition.
The platform prefers the transactions to be done locally, so when you strike a deal with a buyer, you must meet them, deliver the goods, and receive the payment. On the bright side, it also helps you avoid the shipping fee you might have to pay when selling your tools through other platforms.
OfferUp is an app that’s quite similar to Mercari in its user-friendly design and approach to buying and selling. What sets OfferUp apart is its strong focus on local transactions.
Creating a listing is straightforward. Just take some clear photos of the item you’re selling, write up a brief description, and you’re good to go. The app notifies you when a potential buyer expresses interest, and you can then choose to negotiate the price or accept their offer.
8. Garage Sales
Garage sales are a classic way to offload used items, including tools. You just set up shop in your driveway or yard and let neighbors and passersby take a look. The best part? No fees or commissions.
9. Flea market
Flea markets are like garage sales on steroids but you’ll need to pay for your spot and maybe haggle a bit with savvy shoppers.
You rent a booth in a larger space filled with multiple vendors, giving you access to more potential buyers. It’s a good spot for selling used tools because people often go to flea markets looking for unique finds and deals.
10. Classified Ads in Local Newspapers
Placing a classified ad in your local newspaper might seem old-school, but it can still be effective, especially for reaching an older demographic.
It’s usually a simple process: you write a brief description of the tools you’re selling, pay a small fee, and your ad appears in the next issue. People who are interested will contact you directly, and from there, you negotiate the price and arrange the exchange. It’s straightforward and can be surprisingly effective for local sales.
Selling your tools is a smart way of getting rid of unused items and making quick cash.
It also gives you a way of organizing your home and making space for the new tools. To help you out we’ve round up some of the best places to sell used tools for cash quickly.
The post 10 Places To Sell Used Tools For Cash (Online & Locally) appeared first on Dollarsanity.