24 January 2024 , 13:30
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Vinted is a godsend for those wanting to have a clear out while earning a bit of cash.
The site, which has propelled into the mainstream over recent years, allows users to sell their unwanted items (mainly clothes and accessories) for free. Unlike other online marketplaces, there are no selling fees so you get to keep all of your earnings as soon as the buyer confirms they've received the goods.
However, if you've noticed your sales have recently been falling stagnant, one savvy seller has discovered a magic button that can 'boost' your items to the top of people's feeds. This means other users are more likely to come across your wardrobe, increasing the chances of you making a sale.
TikTok user Lisa recently shared her Vinted hack, which she claims has helped her make £123.48 in just 15 days. She advises using the technique sparingly, but says it avoids having to pay for items to be 'showcased'.
"Now do not overuse this hack, because it works really, really well and we don't want Vinted to get wind of the fact that we have realised what it does!" the content creator said. "If you put yourself onto holiday mode, when you take yourself off holiday mode, it boosts your whole wardrobe... It pushes you back out and you are shown again to people."
Self-employed Brits have just weeks left to submit tax return or risk £100 fine
Lisa recommends putting yourself on holiday mode for at least a 'few days' rather than flicking back after a few minutes or hours. At the time of writing, the post has garnered a whopping 594,000 views and hundreds of comments - with one user branding the advice as 'genius'.
"This explains why my sales boosted a LOT after I came off holiday mode," one user wrote. Another commented: "I’ve only ever used it when I’m actually going on holiday but I always get sales when I come back." While a third added: "I didn’t realise this was a thing, thought it was a coincidence every time it happened to me."
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Earlier this year, selling platforms such as Vinted, Depop, and eBay hit the headlines after the government said it was clamping down on tax dodgers. Whilst HMRC was already able to request transaction information from UK-based operators, the companies are now obliged to send details to the tax authorities.
The current threshold for earnings on 'side hustles' such as selling items online is £1,000. Therefore, anyone who earns above that in a tax year must legally register themselves as self-employed and file a self-assessment tax return at the end of the financial year.
"These new rules will support our work to help online sellers get their tax right first time," HMRC said. "They will also help us detect any deliberate non-compliance, ensuring a level playing field for all taxpayers." It also recommended people should keep track of how much money they have earned from sites like Vinted, even if they are below the tax threshold.
Vinted users should read the terms and conditions as well as catalogue rules before signing up - as breaching them can result in your account being locked. You can learn more here.