I Spent 24 Hours RESELLING On Vinted & Made £____

Summary

In this video, the creator takes on a 24-hour challenge to make as much profit as possible by reselling items on Vinted. Starting with a budget and focusing on brands like Supreme, Stone Island, and Cortez, he quickly purchases items and lists them for sale under an alias. He documents the buying, listing, and negotiating process, ultimately selling eight items and making a total profit of £89.87. Despite time constraints, the challenge demonstrates how one can successfully flip fashion items for profit within a short time frame.

Takeaways

• 🛍️ The challenge involves making as much money as possible reselling items on Vinted within 24 hours.
• 📦 The rules prohibit selling on personal websites or social media to keep the challenge authentic and anonymous.
• ⏳ The 24-hour period starts at 2 PM, with some extra time given for deliveries, but the total working time remains within 24 hours.
• 🧢 The buyer focuses on purchasing items they're familiar with, like Supreme, Cortez, Stone Island, and Palace apparel, to maximize resale chances.
• 💸 The buyer spends £129 on a variety of items, mainly beanies, t-shirts, and hoodies, aiming to sell at a profit quickly.
• 📸 The challenge requires taking photos of the items quickly, listing them on Vinted, and responding to potential buyers to maximize sales in a limited time.
• 📊 The goal is to sell at least 10 items to make £100, proving the potential for daily earnings through reselling.
• 💬 Interest in the listed items starts building, but negotiating with buyers becomes necessary to balance sales and profit margins.
• 📈 The buyer manages to sell eight items within 24 hours, achieving a total profit of £89.87, proving that reselling on Vinted can be profitable in a short timeframe.
• 🎉 Despite not hitting the £100 target, the challenge demonstrates that with some effort, making money quickly through reselling is possible.

Q & A

What platform is the reselling challenge based on?

The reselling challenge is based on the platform Vinted.

What is the main objective of the 24-hour reselling challenge?

The main objective is to make as much money as possible within 24 hours by reselling items on Vinted.

Why did the creator give themselves extra time beyond 24 hours?

The creator extended the time slightly to allow for delivery of items they purchased, so they could still complete the challenge within a full 24-hour working period.

What types of items does the creator primarily focus on purchasing?

The creator focuses on purchasing items they are familiar with, such as Supreme, Corteiz, Stone Island, and Stussy clothing, especially beanies, hoodies, and t-shirts.

How did the creator approach pricing when buying items?

The creator looked for low-priced items, often offering lower amounts than the listed prices, especially for items that seemed underpriced or damaged, such as a hoodie with a hole.

What was the creator's strategy for taking and uploading product photos?

The creator usually has someone take photos, but due to time constraints, they took the photos themselves by hanging the items and quickly photographing them from different angles.

What challenges did the creator face during the 24-hour challenge?

The creator struggled with limited time, incomplete deliveries of all purchased items, and the need to sell quickly, which led to lower profit margins on some items.

How did the creator handle negotiations with potential buyers?

The creator received several offers from buyers and negotiated prices by either lowering them slightly or declining low offers to try to make a reasonable profit.

How many items did the creator successfully sell within the 24-hour period?

The creator successfully sold 8 items within the 24-hour period.

What was the total profit the creator made by the end of the challenge?

The total profit made was £89.87, just below the £100 target.