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How to Make Money by Cleaning Out Your Closet

By: Staff Published: July 13, 2020

If you have the sudden urge to clean out your closet, then listen up – you might want to take a page out of the Millennials’ book when it comes to sorting through your clothes.

A ClosetMaid survey revealed Millennials are actually turning a profit by selling their unwanted items online or in person.

ClosetMaid surveyed 1,000 adults across the U.S. from the three largest generation groups: Millennials, Gen Xers and Baby Boomers, and discovered that 44% of Millennials prefer to sell their unwanted or gently used items, while Boomers and Gen Xers tend to hold on to or give away their unwanted items.

closet poll statistic

Millennials are more likely than their parents or grandparents to sell their unwanted items instead of keeping or donating them.

When sorting through your clothes, instead of creating two piles, “trash” vs. “keep,” you should separate your gently used items into a pile to sell as well. You know that phrase, “one man’s trash is another man’s treasure?” This may hold true for some of your less favored clothes, shoes and even accessories.

While you can make a little extra cash, you can also save the planet through recycling and upcycling your old clothes.

There are a few options of what to do and where to turn when looking to sell your unwanted clothes.

  1. You can find a local consignment store like Plato’s Closet to pick through the clothes and offer you a percentage of their resale value. With this option, you’ll receive cash right on the spot for the items they are interested in taking, and you keep those they don’t want. You can then decide to throw away, donate, or give away those items.
  2. Another option for selling your unwanted items is to create an account on a resale app like Poshmark where you can list the items you want to sell yourself. You are able to set your own price point and keep a larger profit margin with this method. The buyer pays for the shipping. All you have to do is print the mailing label.
  3. closet shelf and hang rod

    Designate an area in your closet for unwanted items that are waiting to be sold.

  4. A third alternative is a service called ThredUp. It’s as simple as printing out the shipping label, boxing up your items and mailing in the Clean-out Kit. ThredUp takes care of the rest! While you do have to wait for your kit to be processed and the items to sell, the service is a quick and easy way to clear the clutter and make some money. When consumers use ThredUp to turn a profit on their unwanted clothing, they’re making a sustainable choice that is good for the planet too. To date, ThredUp has upcycled 137 million items.

Do your bank account and the environment a favor – and help others buy nice clothing for less – by using one of these resell outlets to clear out your closet.

Refresh your closet