BachelorontheCheap.com
So you have a few items you no longer use or need, they’re taking up space, collecting dust and/or the spouse is nagging you to get rid of them. You don’t have enough “crap” to have a garage sale and finding the right consignment store to sell something can be a challenge.
Selling on an online platform has its benefits and if you’re looking for quick cash and to be “done with it,” then a Pawn Shop is an option.
Which one is right for you?
Facebook Marketplace is the go-to place for a lot of folks, buyers, and sellers alike. Online platforms like Craigslist and eBay USED to be the way to go, now it’s Facebook Marketplace. It’s easy to sell just about anything on Facebook, and it’s free. You don’t have to set up a special account, you just join a Marketplace group on Facebook, and BONUS – joining a group will network you with other LOCAL buy/sell/trade groups. Take a few pictures of those record albums, that Playstation, those tools, briefly describe your item, and BOOM, what you’re selling is in front of a ton of local buyers in minutes. There’s no loading the item(s) up in the vehicle, then driving to a thrift store or pawn shop only to be disappointed with the price quote. And with that being said, let me state the obvious, you’re going to make more money for that item on Facebook. Pawn and thrift shops can’t give you top dollar, if they did, they wouldn’t stay in business very long. It’s easy to communicate with buyers on Facebook to set up the person-to-person sale of your personal goods. But that also can be the downfall of using Facebook Marketplace. Some people aren’t comfortable with meeting a stranger to complete a transaction, especially at their home for the sale of a couch for example. It’s recommended that transactions be conducted at a neutral site, such as a Dillons or QuikTrip parking lot. Another downfall to using Facebook is the potential for scams. Minutes after posting an item for sale, you may get FB messaged by a number of folks who aren’t genuine buyers, they’ll insist on getting your cell phone number so they can call or text you for “questions” they have about the item. Don’t fall for it. Everything necessary to complete a sale including the meeting place can and should be done through messenger. What the scammers are trying to do is get your number for phishing and ID theft motivations as well as possible money scams through payment platforms like Zelle. To sum up, Facebook Marketplace is easy to use, posting takes just minutes and you can edit prices/item descriptions with ease. Your item may sell that first day but could take a couple of weeks or even longer depending on the item.
A Pawn Shop is a go-to place if quick cash and/or getting rid of an item as quickly as possible are priorities. A pawn shop offers competitive prices if you’re buying something, but as a seller, and as previously mentioned, you’re not going to get the best up-front price. Certain items however are better sold at a Pawn Shop vs. trying to sell on Facebook Marketplace. Items like gold, jewelry, or Gucci handbags can be authenticated by a Pawn Shop, helping to establish the trust factor, and eliminating the fake element. That can’t be done on Facebook. Buyers hesitate from buying such items on FB Marketplace because they can’t determine if it’s genuine or not, resulting in a post that could be up for weeks with no interest. That disinterest can result in you eventually dropping your price to unload it, even below what you might get at a pawn shop. To sum up, a Pawn Shop may be your best option for a quick sale and specialty items that should be validated.
$pend Wisely My Friends…
Enjoy this post?
If you appreciate the article you just read and want to support more great content on BachelorontheCheap.com, you can help keep this site going with a one-time or monthly donation. Thank you so much for your support! ~ Mike
Selling something: Facebook Marketplace vs Pawn Shop – Bachelor on the Cheap
So you have a few items you no longer use or need, they’re taking up space, collecting dust and/or the spouse is nagging you to get rid of them. You don’t have enough “crap” to have a garage sale and finding the right consignment store to sell something can be a challenge.
Selling on an online platform has its benefits and if you’re looking for quick cash and to be “done with it,” then a Pawn Shop is an option.
Which one is right for you?
Facebook Marketplace is the go-to place for a lot of folks, buyers, and sellers alike. Online platforms like Craigslist and eBay USED to be the way to go, now it’s Facebook Marketplace. It’s easy to sell just about anything on Facebook, and it’s free. You don’t have to set up a special account, you just join a Marketplace group on Facebook, and BONUS – joining a group will network you with other LOCAL buy/sell/trade groups. Take a few pictures of those record albums, that Playstation, those tools, briefly describe your item, and BOOM, what you’re selling is in front of a ton of local buyers in minutes. There’s no loading the item(s) up in the vehicle, then driving to a thrift store or pawn shop only to be disappointed with the price quote. And with that being said, let me state the obvious, you’re going to make more money for that item on Facebook. Pawn and thrift shops can’t give you top dollar, if they did, they wouldn’t stay in business very long. It’s easy to communicate with buyers on Facebook to set up the person-to-person sale of your personal goods. But that also can be the downfall of using Facebook Marketplace. Some people aren’t comfortable with meeting a stranger to complete a transaction, especially at their home for the sale of a couch for example. It’s recommended that transactions be conducted at a neutral site, such as a Dillons or QuikTrip parking lot. Another downfall to using Facebook is the potential for scams. Minutes after posting an item for sale, you may get FB messaged by a number of folks who aren’t genuine buyers, they’ll insist on getting your cell phone number so they can call or text you for “questions” they have about the item. Don’t fall for it. Everything necessary to complete a sale including the meeting place can and should be done through messenger. What the scammers are trying to do is get your number for phishing and ID theft motivations as well as possible money scams through payment platforms like Zelle. To sum up, Facebook Marketplace is easy to use, posting takes just minutes and you can edit prices/item descriptions with ease. Your item may sell that first day but could take a couple of weeks or even longer depending on the item.
A Pawn Shop is a go-to place if quick cash and/or getting rid of an item as quickly as possible are priorities. A pawn shop offers competitive prices if you’re buying something, but as a seller, and as previously mentioned, you’re not going to get the best up-front price. Certain items however are better sold at a Pawn Shop vs. trying to sell on Facebook Marketplace. Items like gold, jewelry, or Gucci handbags can be authenticated by a Pawn Shop, helping to establish the trust factor, and eliminating the fake element. That can’t be done on Facebook. Buyers hesitate from buying such items on FB Marketplace because they can’t determine if it’s genuine or not, resulting in a post that could be up for weeks with no interest. That disinterest can result in you eventually dropping your price to unload it, even below what you might get at a pawn shop. To sum up, a Pawn Shop may be your best option for a quick sale and specialty items that should be validated.
$pend Wisely My Friends…
Enjoy this post?
If you appreciate the article you just read and want to support more great content on BachelorontheCheap.com, you can help keep this site going with a one-time or monthly donation. Thank you so much for your support! ~ Mike