How to Make Money on Craigslist
How to Make Money on Craigslist
Make Money on Craigslist : Are you wondering how to make money on Craigslist? It’s not difficult and you can start today. I have been buying and selling products online for almost 10 years. Over the years, I have learned what to do and how to do it on Craigslist.
Also Check : The Ultimate Guide To make money on YouTube
Craigslist is just an option when looking to buy or sell online. Ebay is a popular choice, as is Amazon. What sets Craigslist apart is the fact that they do not charge you anything! There are no charges to buy or sell. Ebay, for example, continues to raise fees, making it increasingly difficult to make a profit.
It is also easy and convenient. You look for articles by city. After you find what you are looking for, an email or a phone call lets you see what you are getting into.
Know your product
If you are buying something online, do some research before it runs out and click buy. This is a principle that goes far beyond Craigslist. Before you ever look to buy, put in the time to investigate prices, quality, and customer feedback. This sounds easy, but it is the main component of a successful Craigslist deal.
Craigslist is an inefficient market. Sometimes even wildly inefficient. Many people on Craigslist have no idea of the fair market value of the items listed. I see people trying to sell a used 2-year TV use $ 200 more than the retail price charged by Walmart. I have also had people pay the new retail price for my used item. You will see all kinds of wild prices and you need to know the value of the items before jumping in the game.
Subjective pricing is the essence of Craigslist! It is what allows you to buy low, and sell high.
Learn how to trade
The other reason I do so well on Craigslist is my improvement ability to trade. I’ll leave you in a little secret here – There are no firm prices on Craigslist.
When I buy, I never give the seller a full sale price. I will offer low and negotiate. You have to be able to negotiate prices without feeling guilty in the process.
Put your feelings aside when you’re trading on Craigslist. The worst thing that can happen is rejection. If the other party does not accept your deal, who cares? There are thousands of other users waiting in the shadows.
Even still, rejection can be minimized with a couple of added tips –
Cash Conversations – Always have cash to buy.
Be Patient – If you send an email to a seller about an item that is too expensive, and refuse to bargain, just give it a few days before trying it again. The exception to this rule is if it is already at a lower price. This gives you more bargaining power and allows you to mention the inability of the items to sell at the initial price point.
Be kind. Some people will sell lower if you are friendly about the first contact. It happens all the time.
Restore and sell
This is a great option if you are wondering how to make money on Craigslist. Just follow these simple steps
Look for furniture or appliances or anything you need restored in garage sales, flea markets or on Craigslist.
Dirty things are often discounted, just like damaged goods. T
hese are the goods you want.
Use your skills to fix the item and make it look new.
Sell at a much higher price.
Here is a solid wooden table that we just refurbished. It was ugly and did not match the blue paint and torn legs. We just sand it and repaint it. We bought the table for $ 12 at a garage sale. I sold it for $ 100 this week on Craigslist.
Launching on Craigslist
I have made thousands of dollars by simply buying items that work very well, then rotate and resell at a higher price. This works for almost any article category, but you have to know the value of what you want to turn. If you are an expert in train sets, then flip train sets. If it is cars, then flip the cars. But if you know a lot about cars, do not start buying train games.
However, it can go beyond simple investment. Sometimes shopping is worthwhile. I bought items for sale on Amazon and have them listed immediately on Craigslist for a 100% profit. You can find things for sale almost anywhere, so keep your eyes peeled for offers.
I have made a good amount of money in electronics. I have bought and sold dozens of video game consoles, computers and peripherals.
I’ve done even more flipping cars and motorcycles. That’s probably another post, but there’s a lot of money in used motor vehicles.
If you have room to store inventory, look for off-season purchases. Air conditioners, heaters, motorcycles, seasonal hunting items, sporting goods and many more are seasonal items. They can be found during the off season at a fraction of the price you will get during peak shopping season! Take advantage of the cycle!
Be sure to implement some simple tips when you go about selling your item on Craigslist.
Title – Make attention grabs and descriptive. “Like New” or “Antique” are great hits. Be creative here but do not make it too long. Be sure to avoid pissing people with ALL CAPITAL LETTERS or 9 exclamation points !!!!
Description – When you list an item on Craigslist, make sure to write a positive and promotional description that addresses all the questions you would have if you were looking to buy. Doing so will generate leads and eventual sales. Do not be misleading, but do not list all the small flaws in the initial description.
Images – Make sure you take clear and cozy photos. People want to see the article in great light, from various angles. This is one of the easiest ways to make a sale.
Start today. It’s easy to register and list your items, and you can start selling junk you do not use! After you get a little experience, move on pull or other avenue that makes money!
This is how to make money on Craigslist. Did I miss something?