13 Things to Sell for Extra Money During Inflation
At times of economic inflation, some products and services sell better than others. There is, for example, a higher demand for anything that saves consumers money.
Large retailers will be aware of this, but there’s no reason why individuals can’t also take advantage. The downturn in the economy provides opportunities for all.
The items listed here come from diverse areas of commerce but each can be subject to an upturn in sales when inflation strikes.
1. Video Games
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As a generalization, consumers look for smaller items that offer value for money during uncertain economic times. They also seek out products that give them pleasure, so video games tick both of those boxes.
Whether new or secondhand, those games require no additional funds to be spent once purchased. Gamers will likely sit at home and play without spending any further cash.
2. Clothing
Clothes are considered essential products: People need them and clearly won’t stop buying them when inflation hits. Consumers will, however, look more toward pre-loved fashion at thrift stores and online websites.
An economic downturn could offer a great opportunity to sell clothes that you no longer need. If you have designer labels, it’s possible to make good profits at sites such as Vinted.
3. Candy
Sweet treats also make people feel good when money is tighter. Candy provides that pleasure hit, and while it’s an indulgence, it isn’t an expensive one. Just a small bag of sweets is enough to give the buyer a lift.
Obviously, it won’t be possible for individuals to retail secondhand candy, but you could consider becoming a reseller for other online brands.
4. Secondhand Books
Anything in the pre-loved category could be a candidate, but books are a standout. They are not a necessity, but many of us will want to use them as a form of escapism during a difficult period.
When inflation hits, consumers will naturally look to save money. Some will head to their local library, but many will prefer to own a book, and will more likely use the secondhand market.
5. Cellphones
When inflation hits, many consumers will look to cut down on their luxury purchases. While some will continue to look for the latest smartphone as soon as it hits the stores, others will aim for a refurbished model.
This is where sellers can cash in. Some sites will buy old phones, but if you want to land a higher return, try listing on eBay.
6. Sports Equipment
It can be a win-win situation when inflation hits and you have a garage full of clutter. Many of us have old bicycles, golf clubs, or other sports equipment lying around that we are never likely to use again.
When money is tight, anyone looking to take up a new hobby is more likely to consider pre-loved goods, so this is another scenario where sellers can take advantage.
7. Coffee
Coffee is a must for many who look for a lift in the morning. It’s a drink that they couldn’t do without, but they also see it as an indulgence.
Like candy, coffee is a good seller during times of inflation. If you have an interest in sourcing and selling, it could be an idea to set up as a roaster and online coffee trader.
8. Dried Foods
Families will often look to buy in bulk when their budgets are tight. If they can afford the higher initial outlay, they will also aim for products with a longer shelf life.
Dried foods come into their own at these times. Nuts and cereals are top sellers as consumers look to stock up and weather the economic storm.
9. Air Fryers
It may not seem like an obvious entry: Why would consumers buy a kitchen gadget at a time when most need to tighten their budgets? The answer is that many look to buy items that will last and they are seen as long-term investments.
The air fryer has another advantage as, when used according to instructions, it can save money. These devices use less energy than conventional cookers, and an economic downturn may lead to a rise in sales.
10. Laptops
Any form of technology could attract useful funds during uncertain times. With many more people working from home these days, there is a need for more laptops. As with smartphones, there is an active market for people buying refurbished items at a fraction of the cost of new products.
If you’re looking to sell a laptop online, remember to back it up and delete all information before you list it.
11. Musical Instruments
It’s another entry that may not seem obvious at first, but there are reasons why musical instruments are good sellers during inflation. If you’ve had to cut down on bars and eating out, you need something to occupy your time.
While there will be an initial outlay, consumers will spend less over an extended period. They will also tend to enter the secondhand market for their musical instrument, so if you have one that you no longer use, it can be the ideal time to sell.
12. Holiday Decorations
Having spent more time indoors, the average consumer may spend a little more to cheer up the home. It’s claimed that holiday decorations may be in greater abundance during celebrations such as Halloween, Thanksgiving, and Christmas.
Everyone needs a little cheering up when money is tight, and a small outlay can make a big difference at special times of the year.
13. Home Services
It’s common to travel less during inflationary times. Not only does that mean cutting down on vacations, but it will also see fewer consumers head to the shops for their products and services.
Home delivery may thrive at this time, while customers may also spend more on in-home hairdressing, cleaning, and general repairs. General maintenance workers, along with specialists such as cleaners and gardeners may see an upturn in their businesses.
