Skip to main content

The joy of selling - 3 ways it's great

My friend Stephen asked about charging for things. He felt bad about charging someone $30 for an artwork - even if it cost him much more.

Should he feel bad?

No. If someone wants to pay the price, they obviously value it highly (at least more than the $30). If he's willing to sell, he must value it less than $30. So it's going to the person who will get more joy out of it.

Why not just give it to them for free?

Money is a convenient way to measure value. It's also a way to share the joy. If Steve gives the art away then he no longer gets to enjoy it - so is worse off. By selling it for $30, he is happier with the $30, and the buyer is happier with the artwork.

The end result of the sale is that both people are happier than they were before.

Here are 3 reasons it's better to sell than to giveaway and how it helps you declutter and minimise better.

1. Money (most obviously).

It might just be a few bucks here and there - but it adds up. My wife and I often sell an item for $5. We've done that 97* times, for a total of $485. That's significant. It's helpful for us, while still giving each buyer a great bargain.

2. May the joy be with you (and others)

Recently I found some Star Wars items in a box. If you'd asked me the previous day I would not have known I owned them. Hadn't even seen them in years.

If I had to choose to keep or giveaway, I might have kept them. I have fond memories of Star Wars and the figurines are cool - especially Yoda, C3PO, R2D2 and Chewbacca. But they obviously aren't super-meaningful for me, given that I'd forgotten I had them.


I split them into sets and made a total of $48. I've succeeded in increasing the joy in the world. By putting them in sets, at least three 3 kids (and one surprisingly enthusiastic adult) can now enjoy these items on a regular basis.

It slightly decreases my joy to part with them, but the $48 more than makes up for that. That's what makes it possible for me to part with these items that would have otherwise been yet another box of clutter, not being used.

3. The 'Oops' fund

How many things do we keep "just in case" we need them? Lots. This can hamper our downsizing efforts if we're worried about losing something we might need sometime in the future. So we end up having a lot of possessions we never use.

The beauty of selling is that you accumulate funds. From books alone, my wife and I have made $209. If we ever want to read one of those books again - and that hasn't happened yet - we can use some of the $209 to get another copy. If it's not at the library for free.

The money you get from a sale gives you the confidence to downsize further and to part with extra items that you may not have given away freely.

[Update: A reader contacted me to say they love the 'oops' fund idea, and that "I tend to get rid of stuff brutally but my spouse gets freaked out sometimes so this idea might appeal to us both!"]

*Update: Now we've sold 122 items for $5 each. Each buyer still gets a bargain, and it adds up to $610 for us.

Related reading

You may also want to read by free ebook Less Clutter More Cash - with tips for selling online.

Comments

  1. I am such a fan of "Less Stuff, More Joy" - I see so many people I love that are absolutely shackled by their need to find a place for/take care of/get a good deal for their stuff. My much loved father was an entry-level hoarder and when he passed I was happy to pay someone else to sift though everything and donate/dump everything. He spent bucketloads of his money on all that crap and I had to pay someone - let that sink in. I'm not a minimalist, by any stretch of the imagination, but I'm conscious of finding good homes for stuff I don't use. To that end, I volunteer with a "Library of Things" in my area to help support less consumer waste and full life-cycle use of appliances and tools. One of my roles is selling/finding new homes for donations that aren't being used or are no longer useable for us. Someone gets a desired thing at a deep discount and we get to pay our rent - everyone's a winner :-)

    ReplyDelete
  2. Hi Sianzilla,
    Yes there's so much value in items. Often it's just a case of finding the person who will appreciate it. Library of things is a great one because so many people can get value from the one item.
    'Minimalist' is an odd term because it conjures up so many different images. If you're finding alternate homes for anything you don't use, that sounds pretty close to minimalism to me. It's just not being "shackled" (as you say) by heaps of stuff we don't need.
    All the best for the library. I hope it continue to be able to pay the rent, reduce waste and provide value for people. :)

    ReplyDelete

Post a Comment

Popular posts from this blog

Happiness: 13 science-based hacks

I've recently been doing a happiness course through Yale University and am excited to find so many proven methods for increasing our happiness. Here's a brief summary of some of them. You can find out more and go deeper by doing the free online course . My previous article was about our brain often making mistakes in picking the things it thinks will make us happy. So the first part here is quick happiness hacks to get around that. The second part is about wanting the right parts of the things our brains think will make us happy. Then there's the course experiments I did - to 'rewire' our habits for greater happiness. 1. Quick happiness hacks Experiences make us happier that things Stuff doesn't make us as happy as we think. "A new car sticks around to disappoint you. But a trip to Europe is over. It evaporates. It has the good sense to go away, and you are left with nothing but a wonderful memory." Studies show that (compared to material pur...

How to waste a year's wages

A friend recently asked me why it is that so many people (on good incomes) are struggling to save. Often the big three money areas are housing, transport and food. In one sense these are necessary items. But what we spend on them is often way more than necessary. I crunched some numbers on how much extra my wife and I could spend on these things - if for some reason we wanted to burn our money. 1. Housing Our apartment is fairly nice, but also cost-effective. I've mentioned how choosing it saves us $1,800 per year , compared to a similar one we saw. The high end of 2-bedroom apartments in our suburb is $305 per week more than our apartment. Not $305 per week. $305 per week more than ours is. I cannot get over that. Sure it's new and modern-looking, but that's a lot of money. It's an extra $15,860 per year above what we pay. 2. Transport The Australian Automobile Association lists the costs of owning and running a car. It includes many often-overlooked c...

What to do with 128 pens?

I never need buy a pen again. Ever. The pen round-up. I searched the house for pens and gathered them up. We had 128. Woah - that's more than I expected. Then it was test-time. (You can get a lot done watching summer sport ;). Good ones went on the table. Broken ones in the box. Pen operations I saved a few 'broken' pens, by taking working insides and matching them with functional outsides. Particularly much-loved pens, for sentimental reasons, were given a life-extending 'ink transplant'. Final Tally We ended up with 67 broken pens and 61 good ones. And about 10 pencils. What to do with 67 broken pens? In my city Biome recycles pens . It's as easy as taking them into the store and dropping them into the giant collection box. Decluttering and recycling together - I love it. A lifetime of pens An average pen writes 45,000 words. So that dedicated shopping list pen on the fridge could write a 20-word shopping list for 43 years. Our 61 pens repre...