Oct 22

Cashing In With Craigslist – A Newbie’s Guide To Flipping Items On Craigslist

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Craigslist may be one of the plainest looking sites on the internet but with over 20 billion page views per month, it is also one of the most popular and currently sits as the 7th most visited website on the internet.

Craigslist is an excellent place to look for items to flip. Flipping items is where people purchase items for cheap and resell them for much larger profits.

Many people will take advantage of the free classified advertising offered by Craigslist to get rid of their unwanted items they no longer have room for. Because of this, you can often find “rock bottom prices” on items if you know where to look. Often times you can find excellent deals on items that just need a minor repair or a little elbow grease cleaning to increase its value. Sometimes people may advertise their listings in an unpopular category or they may turn away prospective buyers by not providing the right information or pictures of the item.

Here are some tips to help you get started flipping items on Craigslist:

Search for items in your location early in the morning. Similar to garage sales, your chance of scoring that bargain is early in the morning before everyone else sees it.

Use the phone instead of email. Obviously this only works if a seller posts their phone number in the listing, but generally you can get a lot more information about an item from a phone conversation than an email message. Sometimes even the sellers tone of voice can que you in on information you may not otherwise receive from email. You may also be able to work out a deal with a seller faster through a phone conversation thereby eliminating competition with other prospective buyers.

Don’t forget about the “free stuff” category. Sometimes you can find some really good stuff in there. All you have to do is pick the item up from the seller and clean, fix it, etc. and resell it for a profit.

Buy items on Craigslist and resell them on eBay. Surprisingly, many people don’t think of this. Craigslist is broken up into geographic locations. Depending on the item for sale, this can be a disadvantage for sellers. For example if you live in St. Louis and you listed an antique silverware set to sell on Craigslist, only people in the St. Louis area would see your listing. If you listed the same item on eBay, you could have more viewers since people worldwide would be able to view your listing. Obviously large items such as furniture are best sold locally due to the excessive shipping fees.

Invest a small amount of money to start. If you are flipping items for the first time, don’t go out and purchase everything you see. Start small. It may take a little time and experience to know what items will sell and how much they are worth. The last thing you want is to become overwhelmed and end up with a garage full of junk that you can’t get rid of. Once you have some experience buying, selling and negotiating, then you can reinvest the money you make into higher profit margin items.

As you can see, it is not difficult to make money with Craigslist, just be very careful because there are a lot of dishonest people out there. Craigslist does not have the fraud protection services that sites like eBay and PayPal have so you must take fraud prevention into your own hands. Be sure to read Craigslist’s page about avoiding scams and always trust your instincts.

Would you like to make more money online but are not sure what to do or where to start? If so, Justin Young would like to invite you to visit http://10waystomakemoneyfast.net. Here you can find information about the latest online money-making tips, ideas and techniques.

By Justin H Young

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Feb 01

Find and Profit from Year Round Garage Sales

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Are you one of those people that enjoys going to garage sales to find hidden treasure to resell on eBay?

Garage sales can yield some nice items for reselling on eBay and other online auctions. What happens when the selling season ends and you still got the itch to sell?

If you live in an area where the garage sale season runs from spring to fall, then you know that you’ll probably have to wait until next spring to start again.

Well here’s a slick method to locating year round garage sales, moving sales and even estate sales!

Most people are familiar with the website Craig’s List. Basically Craig’s List is a centralized network of online urban communities, featuring free classified advertisements (with jobs, housing, personals, for sale and much more)!

Here’s the method:

First go to Craig’s List. Click here.

You’ll see the site looks like the screen shot below. Note: This works best for people living in the United States, but if you live else where it still may be worth a shot.

Next locate the area where you live. For this example I’m using New York State.

Now locate and click on the city nearest you. For me it’s Binghamton.

In this next screen you’ll see a bunch of different categories. Locate the “for sale” category and click on the “garage sale” sub category.

Now here’s where it gets exciting. This next screen shot shows two garage sales and an estate sale that took place in January 2008! Now there were only three, but that’s better than none.

I’ve also discovered that there were several sales in December of 2007. I’m sure there will be more in February, March, and April. The cool thing is that the city of Ithaca, NY is close to me and there were a couple of winter garage/moving sales there as well.

In this last picture I clicked on the estate sale and it listed quite a few items plus it also says “too many items to list”. The fact it’s an estate sale and there are too many items to list is usually a good indication that there is very good profit potential here!

For privacy reasons I blackened out the reply ID and address of the sale. Take note though of the date: 2008-01-26.

Don’t let winter time put a damper on your garage/moving/estate sale fun.

Go ahead and give it a try! Play around on the Craig’s List website. Learn how to reply to the ads if necessary. It’s easy.

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