Opening presents is one of the things that many look forward to during the festive season. It is not always that you smile or shed tears of joy after receiving a gift. Not that you are not grateful, but some things may not be useful in your life. Thankfully, you do not have to be in possession of the things you do not like for the rest of your life. In fact, there is a possibility of making some cash out of the “undesired” gifts giving you something to smile about. Uncover different ways to make money from holiday gifts you don’t want.
Take them back to the Store
If you are lucky enough to have a receipt for the item you received, a majority of the stores will take it back and give you money. Do not be tempted to open the packaging or remove any tags attached. Just be sure to check the policy of the shop to make sure that you are still within the return window. Most stores insist that you carry official identification to reduce fraud cases.
You can still return the gift if the receipt is not available, and you have not opened the product. In some cases, you may let the store know that you were not satisfied with the item if you have opened it. If the shop does not offer money, they may also give store credit or a gift card that you can go ahead and sell for cash to an interested party.
Online presents may prove to be more challenging to return. Note that Amazon facilitates this as long as a person has the order number. Retailers who have physical locations may also allow shoppers to return their items in the stores. Sadly only a handful of stores offer free returns; most require people to send the gifts back at their own expense.
Sell the Items
There are numerous opportunities for people to sell the things that they do not want. For instance, if you know someone who has always been wishing to have the product in your hands, sell it to them. They may not purchase it at its original value, but you will still get some money. Another option is to advertise it online on free-to-list sites where you can access eager buyers who will be willing to purchase your item. Examples of such platforms include Craigslist, Facebook marketplace, eBay, Amazon, and Etsy among many others. Some apps like LetGo help sellers to find individuals nearby looking for the staff they want to get rid of.
Donate the Gift
If you are up to helping out the needy, identify a non-profit organization where you can bless the less fortunate. It will give you a tax receipt that you can use to claim deductions on your taxes. Just remember to itemize the tax deductions when you are filing. Remember to make the charitable donation before 31st December to claim deductions that year. Be keen about the issue because not all charities fall under the tax-exempt category which means you have to ensure that the foundation is 501 (c) (3).
Explore Consignment Sites
Consignment stores are a great place to make your cash back. Take advantage of sites like TheRealReal or Thredup that make it super easy to sell accessories and clothing. Just send the pieces to the store, and they will pay you. In some cases, payment is upfront and others you have to wait for the product to sell. It is ideal in that you do not have to deal with the stress of taking photos on your own or dealing with tedious listings. If you have games, books, and toys, try Swap.com. Glambot is ideal when you want to get rid of new or gently used makeup and makeup tools.
GiftCardGranny and Cardpool are an example of reliable gift card resellers that you can work with to get cash. They purchase gift cards and in some cases merchandise credit when it is on the gift card without an expiration date. It is possible to get at least 90% of the value of the card in cash depending on the store where it comes from. Some resellers are in the business of giving out Amazon gift cards instead in a bid to get back higher value.
Hold a Garage Sale
If you have been “hoarding” gifts and other things you do not find useful in your home, go ahead and organize a garage sale. It is not only an excellent way to de-clutter, but it can also help to make your wallet fatter. Try and market the event on your social media pages as well as neighborhood noticeboards to attract more buyers. Do not be too greedy by trying to overprice the items. Instead, price the items reasonably and at the end of the day, you may not have anything left.