The Best Way to Make Money Off of Toner Cartridges and Where to Find Them

We all know there’s no such thing as “easy money” but did you know there’s an “easy” way to make money off of unused toners?

 

The first question you might be asking yourself is who would want an unused toner cartridge? The answer is we do! At Toner Connect, we pay you when you sell us your unused toner cartridges. Sound too good to be true? Well, it’s not!

 

The process could not be simpler.

 

All you need is a toner cartridge that meets the following requirements:

  • Completely sealed
  • From an OEM (Original Equipment Manufacturer)
  • Unopened in the original box
  • Free from any tampering

Thousands of unused toners find themselves being tossed in the local landfills and unfortunately they can take over a hundred years to decompose.

That’s where we come in.

Not only is it a great way to get cash in the bank but you can also do your part to help eliminate waste while you’re at it.

Where can you find unused toner cartridges?

There are two types of places to get cartridges. From businesses or from personal property. Here is a breakdown on how to scout out both.

Classifieds

Online classifieds is where both businesses and consumers can sell anything they want to get rid of. From grandma’s collection of Tupperware lids to way too squeaky office chairs, you can find almost anything on these types of sites. Just make sure you’re looking for unused toner cartridges. Toner Connect does not accept used cartridges.

Another good idea is to search the local classifieds in your area. This is usually done by searching for “classifieds for____”(insert city). Convenient if you need to shop closer to home.

 

Business Auctions

It’s not uncommon for brick and mortar locations to occasionally downgrade or worse, go out of business and have an auction to sell off its wares. That includes unused toners. There are a couple ways to find out if there’s one happening in your area and even online.

  • Check for “Going out of Business” signs. While this usually applies to retail, it doesn’t hurt to ask if there are any printing supplies being sold.
  • Pay attention to the news. A lot of times businesses won’t announce they’re closing because they don’t carry a merchandise to get rid of. Instead, they’ll just quietly closing their doors, but it’s possible they’re selling/getting rid of office supplies. Again, it doesn’t hurt to ask.
  • Auctionnation– is a nationwide site that businesses will use to auction unwanted equipment and supplies.
  • Search for “going out of businesses auctions” for ones happening close to you.

School Auctions

Occasionally schools will get rid of unwanted supplies and equipment and can possibly be a toner cartridge jackpot.

  • Keep an eye out for local school announcements. A lot of times school administrations want to raise money for school functions and will hold auctions themselves. Check local news and listings for such events.
  • If a school is being moved or closed it will most likely be selling off equipment.
  • Publicsurplus.com has nationwide listings of school supplies and equipment being sold.

 

Local Government offices

Just like schools, government offices gather unwanted supplies and eventually wants to get rid of it. To find out what’s getting the boot you can either:

  • Directly ask the administrative offices if they’re selling equipment or office supplies in the near future.
  • Check the GSA auctions. GSA auction is the site that local and state government offices use to allow “the general public the opportunity to bid electronically on a wide array of assets no longer needed.” Including office supplies. You will need to sign up to use this service and if you want to know more about using GSA, there is more information, including a video, in the link provided.

 

One final way you might snag some cartridges is just by asking local businesses if they have any lying around. A lot of times businesses can’t be bothered to do anything with them and end up just throwing them out. Especially if they invest in a new printer and the toner cartridges from the previous equipment become obsolete. We can’t guarantee they’ll hand over the items, or even be willing to sell them (unless you run into Creed Bratton and he thinks the company is going under), but again, it doesn’t hurt to ask. Especially if you know someone working at the company.

 

Toner cartridges can go unused by businesses for the better part of their lifespan and unfortunately can go to waste.

We at Toner Connect want to change the way cartridges are left to take up space and eventually expire and instead, put them to use and better still, get some extra money in your pocket. If you have any questions feel free to contact us here. And when you’re ready to sell, we’ll be ready to buy. It’s that simple.

 

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Do You Have To Pay Taxes On Selling Toner?

Figuring out what to report to the Internal Revenue Service (IRS) is a daunting task no one has on their favorite to-do list.

Figuring out what to report to the Internal Revenue Service (IRS) is a daunting task no one has on their favorite to-do list.

For online sellers, the law gets a bit fuzzy on the things you should be reporting and what is okay to leave out.

Should you be reporting the keyboard you sold on eBay?

How about the regular flow of cash you rake in from selling those empty toner cartridges?

When you understand how the IRS categorizes your income and extra cash, you’re taking steps to stay off the radar for an audit.

Hobby or Business?

This happens to be the most important question to ask yourself in order to understand your expectations from the IRS. Are you getting some extra cash from recreational habits? Or are you organizing your selling plan for profit and income?

Reporting sales from online transactions is tricky business so clarifying your intentions from the beginning is a crucial step.

The IRS guidelines outline that if your internet sales are equivalent to a garage or yard sale, you generally aren’t required to report it. Considered ‘online garage sales’, selling your used, personal or household items online for no profit is hardly something they will be knocking down your doors for.

For example, if you bought a printer for $150 a couple of years ago, but sold it for $70, you’ve made no profit and therefore aren’t required to report it as income. You’re now under the ‘hobby sales’ category which can be determined by a number of different factors including:

  • Intent to generate profitable income from the online activity.
  • Intent to make profit from appreciation of assets.
  • Success from previous similar activities that generated profit.

So, if you’re selling something like your empty or unopened toner cartridges for less than you bought it, you’re at a personal loss and not required to report your sales as income. Don’t forget that with hobby sales, your losses cannot be deducted to offset any income.

Though, if you are in the habit of buying toner to resell it or are strategic in how you sell your toner to maximize profit, you’re running a business and are subjected to business taxes.

Why businesses must report sales

Business taxes or folks required to file as a business must report all of their sales. If your activity’s goal is creating  profitable income, you should report this money as a part gross income on taxes. The IRS categorizes an online business as for profit with regular recurring sales.

If you sold that $150 printer for $170 and are in the habit of buying printers for resale, you are running into business owner territory and essentially a separate bracket to consider your taxes.

Unlike ‘hobby sales’, you can report your expenses and deductions for your business. Therefore, if you spent money on fixing up an item or advertising it for sale, you could include it when you file.

 

Do you have to pay taxes on selling toner?

 

There isn’t a right or wrong answer here as situations vary on an individual basis. If you make money selling toner and your sales are equivalent to an online garage sale, you’re in luck. You can report these as hobby sales without expecting trouble from the IRS.

If you sell toner cartridges consistently for profit, however, you must report your activity as a business. Thus you should treat this income as revenue earned from selling products like any other business.

 

If you are;

  • Selling your toner for less than originally bought.
  • Looking to gain some extra cash but not extra profit.
  • Not selling toner as your income.

You might qualify to report your sales as a hobby. You must always check with a trusted tax preparer if you are unsure of your tax obligations. It’s important to check for changes in policies with IRS guidelines to avoid penalties.

We’re happy to offer assistance if you ever need it and always happy to be your number one go-to for getting rid of those unused toner cartridges!
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