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Many newly married couples are sitting on a substantial pile of cash which they’re often completely unaware of.
A Gumtree survey reveals that 40% of couples receive duplicate gifts on their wedding day and that many more get items they do not want or cannot use. Yet 70% of couples responded that they had not considered selling those goods online.
Claire Cobbledick, Head of Marketing for Gumtree SA, says most newlyweds are cash strapped and the survey revealed the impressive sums that can be made from re-cycling surplus wedding gifts on the country’s biggest online trading site; “Almost one third of respondents who had traded their gifts said they’d made between R5,000 and R10,000 primarily from appliances, crockery, cutlery and dinner sets. And some had made far more money than that”.
Cobbledick points out that recently married couples can also raise cash by selling household goods which may be duplicated when two previously separate households merge into one; “Beds, microwaves, book shelves, couches, garden furniture, televisions and fridges are the most common items in this category and together they can often be worth over R20,000 on Gumtree”.
She adds that those who have been married for a longer time can also cash in by clearing out anything in store rooms, attics and garages; “you might even find some of those untouched wedding gifts still lying around”.
Gumtree SA currently showcases 980,000 live listings which get more than 4 million unique browsers each month.