Is your closet bursting at the seams, yet somehow you feel like you have nothing to wear? If so, then it’s time to learn how to clean out your closet and make money doing it.
My friends and family know that I regularly edit my own closet. I can’t stand the clutter, and prefer to maintain a minimal, streamlined wardrobe–one that I evaluate about once a quarter for items that are too worn, or I’ve simply tired of. The best part of these closet clean-outs? I can make money selling my gently used, unwanted clothing, and use it to reinvest in new favorites or pocket for a rainy day. Who doesn’t want that?
If you feel the same way, try these few steps to make money on your own closet clean-out.
HOW TO CLEAN OUT YOUR CLOSET AND MAKE MONEY
ELIMINATE ITEMS THAT YOU DO NOT WEAR REGULARLY
When people ask me for help cleaning out their closets, I tell them it’s simple: remove everything from your closet and then only put back items that you regularly wear. Of course, there are a few exceptions to this rule, like that little black cocktail dress that you love for special occasions. For the most part, though, this rule is pretty failsafe. Simply put: if you don’t wear it, there’s no point in allowing it to take up precious real estate in your closet. If you’re not as enthused as I am for cleaning out your closet, check out My Secret Weapon for an Effective Closet Detox to help get you started.
SEPARATE TOO-WORN FROM GENTLY-USED PIECES
Separate out items that are overly worn from those that are gently used or like new. Consignment stores do not take items that are faded, contain holes, or are balled from constant wear, and usually online shoppers don’t buy these pieces either. Instead, set these overly worn items aside and either toss them completely or donate them to charity.
DETERMINE AN ESTIMATED VALUE FOR THE ITEM
This is important because consignment shops that offer cash on the spot will give you significantly less than if you were to sell the items yourself via Poshmark or ebay. What I usually do is separate out my designer items, or items over $100 and sell those pieces myself. If I’ve listed the items for several months and they haven’t sold, then I’ll take them to consignment just to get them out of the apartment.
LIST HIGHER VALUE ITEMS ONLINE
My general rule of thumb is if the item is designer or over a $100, then I list it on Poshmark or ebay. Check out this post on Using Poshmark to Buy and Sell Clothes for more information on listing items for sale. For the record, Poshmark is a super easy and user-friendly app for making money on your old clothes, shoes, and accessories. Jenna, blogger of Balance and Chaos, also wrote a great Poshmark tutorial which you can read here. (If you’re interested, you can review my Poshmark closet here.)
TAKE LOWER VALUE ITEMS TO CONSIGNMENT
Many consignment shops offer cash for clothes options in addition to consigning. However, note that if you go the cash for clothes route, you’ll receive a lesser cut of the overall sale. Personally, I’m okay with that. I prefer the one-and-done option of selling my clothes outright. That is 100% personal preference though, and either option allows you to make money cleaning out your closet.
Making money cleaning out your closet is a nice way to recoup some of that holiday spending. Trust me when I say that you’ll feel much lighter starting off the new year with a simplified, organized closet!
Related read: How to Create a Boutique Wardrobe