While there are many options for websites to buy and sell online, Craigslist is by far one of the better options for independent sellers. Unlike competitors Ebay and Amazon, Craigslist charges both the seller and buyer absolutely nothing to use their site. It is for this reason alone that it is easy to make money on Craiglist, simply by flipping items. The list below tells you exactly how to make the most out of the experience and make the most money on Craigslist.
Know Your Product
Craigslist can be a very inefficient market. Prices that objects sell for are not often much higher than they should be, and prices that objects are listed for are also not necessarily what they are worth. While these prices may be crazy and unpredictable, it is important to know the actual value of items before getting started. Whether you are buying or selling products on Craigslist, know the market and you will be able to spin a profit by buying low and selling high.
Learn the Art of Negotiation
The little-known secret of Craigslist is that no prices are firm. When buying, you can often get a much lower price than what a seller initially asked. The key to this however, is to not feel guilty for doing so in the first place. After all, there are a thousand other listings. When bidding lower, it is possible to minimize the risk of rejection by having the cash to buy, by being patient, as well as by simply being friendly.
Restoration
One way to make money on Craigslist is to look for items that you can easily restore at garage sales, flea markets, Craigslist, or anywhere else you may find items for sale. Any items that are dirty or damaged are often offered at a discounted price, and these are the items you are looking for. By simply fixing them up and making them look like new, you can sell these items for a much higher price than the original purchase price.
Flipping
There is a serious market out there for buying items that are like new, and then flipping them and selling them for a higher price on Craigslist. The best places to look are where there are sale items that you can flip to make an even higher profit. Electronics are a very popular option for this process.
Selling Techniques
Title – Make sure you have a descriptive and attention grabbing title. However, minimize the use of capital letters and an excess of exclamation points.
Description – Use a positive description that makes your item seem like the best possible version of itself. However, do not be misleading; include the big flaws with your product but avoid the urge to include every tiny flaw in the initial description.
Photos
Make sure to include photos that show your product in the best light, making sure they are clear and all angles are visible.
