LetGo Review – Is This Buying And Selling App Legit?

by | May 31, 2020 | Reviews

If you’re looking for a viable side-hustle, you may have thought about selling on LetGo. You’ll want to know the advantages and disadvantages of using the app, whether LetGo is legit, and how it compares to other selling apps/platforms. This LetGo review will cover all of that for you, so you can decide if this is the side-hustle for you.

letgo-review

What Is LetGo And How Does It Work?

LetGo is an app that allows you to buy and sell items, both used and new. You can sell anything from books to electronics to cars and more. You can even sell your services.

LetGo Review

When you first sign up, you can choose to sign up with Facebook, your Google account, or another email. Whatever method you use, you will still need to upload a photo and verify your account. Signing up through your Facebook doesn’t automatically do it for you, so if you want to look more legitimate, make sure you do that. 

The app will also ask you to allow location so that you can see and post listings near you.

Then, you can sell your item by clicking the “sell” button at the bottom of the app. When you click this button, you will need to pick a category for your item. Then, you can take a photo of the item and fill out the item details, including the name of item, price, condition, and description.

letgo-app-review

LetGo App Advantages

There are many advantages to using LetGo. Read on for more details.

Easy To Sell Items

One of the main advantages of selling on LetGo is that it is easy to use. All you have to do is post your offer, and you instantly have a pool of potential buyers. Additionally, the app itself is straightforward to use and intuitive for the user. They also have categories that organize the items efficiently, which allows your potential buyers to find your offer more quickly. 

letgo-app

No Fees for Posting

One of the significant benefits of using LetGo is that there are no fees for posting. Some apps do charge you to list your offer, so LetGo is excellent for keeping more money in your pocket.

Selling Locally

With LetGo, you sell locally. You could technically use FedEx or UPS to ship items, but this can be risky, so the safest bet is to sell locally. With selling locally, you don’t need to pay for any shipping fees. The best part about this is that you don’t have to wait as long to receive your money. When you ship items, it can take days to get your money. Instead, with LetGo, you can post an item and sell the same day. LetGo is an excellent platform for those who like to have their money sooner rather than later. 

selling-on-letgo

Ratings

LetGo has a rating system for both buyers and sellers to review each other. Reviews are useful for screening potential buyers. Working with buyers who have high reviews means you are less likely to get scammed. Therefore, this makes using the app safer than selling on a website like Craigslist. Additionally, as you get higher ratings, you will also be more appealing to buyers and sell more often.

No Need To Refund

Another great aspect of using the LetGo app is that when you meet up with a buyer, they review the condition of the item in-person before accepting it. Once this occurs, you can consider the transaction finalized. At that point, you don’t have to worry about a buyer getting an item they don’t like and wanting to return it.

LetGo Disadvantages

There are certain disadvantages of using LetGo that you need to be aware of before using the app.

Not As Established As OfferUp

The one main disadvantage is that LetGo isn’t as established as OfferUp, so depending on your location, there can be significantly fewer buyers. In general, there will be fewer buyers on LetGo than on OfferUp, which means you might not get as many offers or get them as quickly.

Risk Of Scammers

The risk of getting scammed is inherent in any platform you use to buy and sell items. To avoid getting scammed as a seller, make sure you are always using the LetGo app to communicate and only accepting cash when making a transaction. Do not accept money orders or cashier’s checks. If you want to accept PayPal or Venmo, then that is an option, but make sure you are paid at the time of the meeting before handing over the merchandise. 

Prices Are Negotiable

When using an app like this, expect that people are going to want to negotiate on price. While that can increase the chance of you selling the item, that can result in lower profit than expected. If you are reselling new merchandise, you may sell at lower margins than if you were to sell your items in an actual store or online.

Are There Other Apps like LetGo?

As mentioned before, you do have the option to use OfferUp as well. OfferUp and LetGo are equally easy to use. The only difference is that OfferUp does have a shipping option you can use. In terms of which one is busier, it will depend on your location, but typically OfferUp is more saturated. You can post your offer on both apps to see where you get the highest bidders.

Overall, you want to post your offers on multiple platforms to get as many bidders as possible so you have more power in negotiating and can pick the highest bidder. 

Others options for platforms you can use to sell are:

  • Facebook Marketplace: You will have an enormous user-base because Facebook can be used via mobile and desktop. Facebook also tends to have higher listing prices, so you can also list your offer at a higher rate here.
  • Craigslist: Craigslist has been around for 25 years. There is a reason for that. It’s a great platform to use to sell your items. Just make sure you are safe. Always meet in a public place and only accept cash.
  • Poshmark: An excellent app for selling clothes online.

Is LetGo Worth It?

Using LetGo to sell items is an easy way to get rid of stuff you no longer need. It’s like having a garage sale without actually have one. You can also resell items incredibly easily. It’s an excellent way to make some extra cash on the side. The only real effort that is required is meeting up with buyers to complete the transaction.

Additionally, the rating system they have helps reduce scams, and if you are smart about it, you can avoid getting scammed. 

The only issue you may encounter is that if your item doesn’t sell quickly, it will slowly move down the list of items for sale. You can combat this by either using the LetGo bump feature, which bumps your offer back up to the top of the page. However, this does cost $1.99 per bump. You could also delete the listing and re-post it. That will take a little more work, but if you are selling large volumes of items, it is worth it. 

Wrapping Up: LetGo App

LetGo is an easy-to-use app that allows you to sell both your new and used items. It is incredibly viable as a side-hustle option, and if you play your cards right, you can make some decent cash. Just make sure to beware of scammers, and only accept cash, PayPal, or Venmo. Also, you aren’t only limited to using LetGo. If you want the highest chance of selling your items at the highest price, list your offer on multiple platforms. Now, all you need to do is figure out what you want to sell and download the app!

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LetGo Review
  • Pay
  • Viability
  • Convenience
  • Ease of Use
4.5

Summary

LetGo is a company that provides a website and app that allows users to buy from, sell to, and chat with others locally.  LetGo shows you great deals nearby on a huge variety of items. You can also browse your area or search for something specific. Is LetGo the right app for you? Read our review of LetGo and find out more.

<span style="font-size:12px;font-weight:500">Author</span><br><a href="https://wealthpursuits.com/author/kevin/" target="_self">Kevin</a>

Author
Kevin

Kevin is an ambitious entrepreneur that is obsessed with all things related to finance. From a young age, Kevin has always been involved with side hustles ranging from online selling to freelance work. Over the years, Kevin graduated from side hustles and started launching multiple online and offline businesses. Kevin is a serial entrepreneur who loves starting new businesses and exploring all things related to business and finance. He is constantly looking for new ways to save money, invest money, and create income streams.

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