‘OLX.ph’ reveals that P21-B worth of items is ‘gathering dust’ in Filipino households
To prove that Filipinos have the tendency to hold onto things even if they are already “gathering dust,” OLX Philippines conducted a study about this habit.
The result, RJ David, managing director of OLX Philippines, announced: “It’s astonishing to learn that P21-billion worth of unused items in working condition are just sitting in people’s homes, gathering dust, and left to waste. Just imagine how much cash people can make when they sell these items.”
The survey by TNS on behalf of OLX asked people to list their unused items and share their experience in buying and selling secondhand items over the Internet.
It was then revealed that all households surveyed have unused but functional items like electronics, clothes and fashion accessories, vehicles and automotive merchandise, home appliances, and collectibles.
Moreover, the total value of these unused items in working condition is also significantly high. Cumulatively, old but working computers are estimated to be worth P3.8 billion while mobile phones are at P3.5 billion. Unused clothing also add up to as much as P1.5 billion while kitchen appliances are at P1.08 billion.
Interest in online selling
But there is hope in benefitting from these pre-loved items as the survey also showed that many Filipinos are interested in selling their unused stuff over the web.
About 41 percent of respondents said that they are comfortable selling their pre-loved items while 56 percent of those who have plans of selling unused items said they are open to selling these online.
“Selling secondhand items is a smart way for Filipinos to upgrade their lives. Sellers can earn extra cash from stuff they don’t need while buyers get a fair deal,” shared Arianne David, head of operations of OLX. “Last month, we cleaned up our house and sold some gadgets on OLX. We gave the money to our parents to help them buy things they need.”
How to activate untapped wealth
The study is part of OLX’s campaign to educate Filipinos on the untapped wealth sitting in their homes and the value of online selling of secondhand items through its “Yesss, Yaman!” Movement.
As a result of the Yesss, Yaman! Study, OLX is also introducing the Yaman Checklist. This helps Pinoys easily identify which of their pre-loved items are in good condition, to list it down, and see the total possible earnings they can get from it.
More than 600,000 Filipinos have already listed their things for sale on OLX.ph. Projections are that 1 million Filipinos will be selling on the site before the year ends.