Quantcast
Menu
Save, make, understand money

Credit Cards & Loans

Two in three Brits wheeling and dealing for extra cash

Your Money
Written By:
Your Money
Posted:
Updated:
01/03/2013

Britain has become a nation of Del Boys with more than 66% of the population flogging old goods to make extra cash during the economic downturn.

Savvy sellers are shunning the rubbish bin and instead pocketing themselves an average £137 each year by selling old goods, according to new research from cashback site Quidco.

The most popular resale items include clothes, DVDs, books and furniture.

Over a quarter of second hand sellers even manage to turn a profit, passing on items for more than their original cost, while 23% admit to treating their thrifty pastime as a sideline business, boosting household income during the recession.

However, over a quarter (27%) of the UK’s second hand sellers admit to offloading low quality or even broken items onto unwitting punters.

Meanwhile, cash conscious consumers have also taken to other money spinning methods including the use of cashback sites, voucher codes and haggling in a bid to save much needed money.

Andy Oldham, managing director at Quidco, said: “Since the recession, Britons have had to re-evaluate their spending and find new ways to make extra cash when times are tough.

“It’s encouraging to see shoppers going the extra mile to save their hard earned money, whether it is from re-selling used items or making purchases through cashback sites such as ours.”

 


Share: