Our circular economy report looks at the motivations behind buying and selling secondhand. It also examines what’s driving the circular economy forward in 2023 and beyond.
Now, in the midst of a climate and cost of living crisis Gumtree has never had a bigger role to play. Packed full of rich insight and data, our study showcases the ease with which you can make money from the platform or start that side hustle as extra income. As well as a win for our pockets, trading unwanted items with our local communities can save these items from going to landfill protecting the planet and our pounds at the same time!
Need tips on how to make the circular economy work for you? We’ve teamed up with consumer champion Kate Hardcastle to provide exclusive expert advice and insight.
Some of the report highlights include*:
- We could all make an average of £186 by selling our unwanted items. This is equal to £10 billion pounds across the UK.
- Nearly half of us (45%) agree that engaging in the secondhand economy is an effective way to become more sustainable
- Giving items a second life (57%) is the number 1 reason for selling previously owned items. Followed by decluttering (52%) and saving items from landfill (49%).
- Mobile phones (17%) and video games and consoles (17%) are the most popular tech For Sale items this year.
- Close to half (49%) of us are planning to purchase more secondhand items in the future
The secondhand economy is so much more than transactions. It’s a place where communities come together and freebies are found. Connections are forged and that Good Find feeling is found. So, to find out what items could make you the most money in 2023 download our circular economy report today.
Circular Economy Report sources
*Research conducted by Censuswide in the UK between 16th January 2023 and 23rd January 2023. 5,000 nationally representative consumers aged 16+.
*Average Brit has £186.35 of unwanted items to sell x 54,098,971 (ONS 2019 mid-year UK 16+ population) = £10,081,105,210.73
