{"id":16766,"date":"2022-02-25T20:21:49","date_gmt":"2022-02-25T20:21:49","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/25\/what-does-nip-mean-and-how-do-you-use-it\/"},"modified":"2022-02-25T20:21:49","modified_gmt":"2022-02-25T20:21:49","slug":"what-does-nip-mean-and-how-do-you-use-it","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/25\/what-does-nip-mean-and-how-do-you-use-it\/","title":{"rendered":"What Does NIP Mean, and How Do You Use It?"},"content":{"rendered":"

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\u201cNIP\u201d is a crucial acronym if you\u2019re trading valuable items on the internet. Keep reading to find out what it means and why you should watch out for it\u2014and why NIP can mean big bucks.<\/p>\n

New in Package<\/h2>\n

In online marketplaces, NIP stands for \u201cnew in package.\u201d Sellers use this acronym to refer to items that are brand new and still in their original packaging. You can find this practice on websites such as eBay<\/a>, Facebook Marketplace, or specialized reseller communities for various product categories. It\u2019s frequently combined with \u201ccondition,\u201d which is the part of a sales post where the seller states the item\u2019s current status. A similar term, \u201cNIB,\u201d means \u201cnew in box.\u201d<\/p>\n

A \u201cnew in package\u201d item has the closest retail value to the original price. If a product is NIP, the seller has likely never opened it or taken off any seal on the packaging, such as plastic wrap or seal on a box. Depending on the product type, the value of an item may drop after the packaging is opened. It drops even further once someone uses the product, which is when the product goes from NIP to \u201cused.\u201d<\/p>\n

This acronym is primarily in uppercase to avoid confusion with the word \u201cnip,\u201d which means to pinch someone or snatch something. You might also see the idiomatic expression \u201cnip it in the bud,\u201d which means to end something before it has a chance to progress.<\/p>\n

One thing to note is that NIP is mainly for products with prominent packaging such as electronics, toys, and appliances. Some products, particularly garments, don\u2019t come with unique packaging. Clothing sellers instead use \u201cNWT\u201d and \u201cBNWT,\u201d which stand for \u201cnew with tags\u201d and \u201cbrand new with tags,\u201d respectively.<\/p>\n

The Origin of NIP<\/h2>\n

The term \u201cNIP\u201d likely originated in online sales websites and classifieds such as eBay and Craigslist in the 90s or early 2000s. It then spread to mainstream online services (such as Facebook and Twitter) in the 2010s as online selling became more ubiquitous.<\/p>\n

However, evaluating products based on their packaging has been a practice in person-to-person selling for a long time. For example, Hemingway\u2019s apocryphal short story \u201cFor sale: Baby shoes, never worn<\/a>\u201d is one of the most famous examples of flash fiction. It reveals that them being \u201cnever worn\u201d is essential information. Acronyms like NIP are arguably a continuation of that.<\/p>\n

Retaining Value<\/h2>\n

Products that are NIP are often closest to their original value. When a product is sold close to its original release date and has not been discounted yet, an NIP listing can sell for close to the original retail price. This might require information like a receipt or papers to confirm its legitimacy.<\/p>\n

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For example, let\u2019s say you accidentally bought two pairs of the newest AirPods<\/a> right at launch. If you haven\u2019t opened one of the boxes at all, you will likely be able to sell them for nearly the regular price. You might also be reselling several items that you managed to obtain at a bulk discount, in which case, you can likely sell them for the standard shelf price.<\/p>\n

However, as mentioned earlier, there\u2019s a hierarchy of value regarding reselling items online. NIP products are at the top, with unused but opened items below them. After that are products that are EUC and GUC, which stand for \u201cexcellent used condition\u201d and \u201cgood used condition.\u201d These are acronyms used to describe the state of a used product.<\/p>\n

Collection Value<\/h2>\n
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Leaving products in their original packaging is very common in particular enthusiast and collector circles. A great example is in the toy collecting community<\/a>, where rare action figures that are decades-old resell for hundreds or thousands of dollars each. Many collectors never even open the packaging on certain limited items to ensure that they retain their prices over the decades. These products often instantly lose a significant amount of value if the packaging is open or damaged.<\/p>\n

This practice is also common in trading card<\/a> communities. Since individual baseball or basketball cards can be worth a ton, many sellers will trade packs instead. Each package can contain cards that are essentially worthless or valued at thousands of dollars. There are organizations that verify the authenticity and condition of trading card foils.<\/p>\n

For collectors, NIP may be synonymous with \u201cmint in box\u201d or \u201cmint in packaging,\u201d sometimes abbreviated to MIB and MIP.<\/p>\n

RELATED:<\/strong> Here’s How Much Your ’90s Toys Are Worth<\/em><\/strong><\/a><\/p>\n

How to Use NIP<\/h2>\n

If you\u2019re interested in using NIP to improve your sales posts, it\u2019s pretty straightforward. Just add it to any sales post where the product you\u2019re selling is unused and still in the original packaging that it came in. Or if you\u2019re looking to buy a product in mint condition, search for \u201cNIP\u201d in online marketplaces like eBay<\/a>.<\/p>\n

Here are a few examples of NIP in action:<\/p>\n