The market for secondhand goods is the largest it’s ever been and is growing daily. According to a report by the online resale site ThredUp, this market has expanded globally and is set to reach $350 billion by 2028 for apparel. Additionally, the U.S. market alone is expected to reach $73 billion, meaning there’s a great deal of money to be made whether you need help paying off debts, want to tuck funds away just in case, or even have a little extra spending money to buy some secondhand goods of your own to help fuel this burgeoning yet promising economy.

The Expanding Popularity of Secondhand Jewelry

Out of the many different submarkets of secondhand goods, jewelry remains one of the most lucrative, as accessories and other forms of apparel remain popular with women according to the same ThredUp report. In fact, 64% of women are now interested in buying secondhand products, a nearly 20% increase from 45% in 2016.

While it may seem unorthodox at first, engaging in online marketplaces and selling goods online can be safe, convenient, and accessible when going through reliable traders. 

The Alloy Market, a company specializing in buying gold and fine jewelry, is one such trader. With a 4.9/5 star rating on Trustpilot, The Alloy Market is known for transparency from the beginning to the end of the appraisal process, quick estimates of jewelry value, and industry-best payouts against online and in-person buyers alike. The website facilitates the selling process by including a free appraisal kit, prepaid shipping, and up to $100,000 of insurance so you know your items are safe. The company also offers free returns if at any point you want to back out of a sale.

Why Sell Online?

Outside of the ever-increasing size of the market for jewelry and other secondhand goods ensuring there will always be buyers for your items, selling online has a host of other tangible benefits.

Firstly, according to the online magazine Woman’s World, websites such as eBay and Mercari make it much easier to get good deals on your items because you control the prices at which you sell your items. This freedom enables users to make a real business out of selling secondhand goods if they choose to pursue it, though people taking this route will want to make sure they diversify their markets across a range of apps and websites to ensure they get the most out of every item.

Secondly, selling your old goods means they’ll avoid ending up in a trash heap, reducing the need for the manufacturing of new goods while keeping current goods circulating around waiting for a new home.

Finally, it can help to declutter your space and make room for new goods or, better yet, other secondhand items. Jewelry you haven’t worn in years and can’t see yourself wearing again has a habit of following you around, so it’s best to not only stop the cycle where you can and make room for the things you actually want but also get some cash for it while making someone else happy with whatever you sold.

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