Craigslist came out during the dot-com era of the 90s and has stayed true to its roots for over 20 years. You can definitely tell by the ancient design and extremely awkward user interface. Even with the bad press, it has gotten over the years, it is still the place you want to go to if you have to buy and sell locally. Location-based apps such as OfferUP and LetGo has become popular as of late but the number of users on them is still very small compared to the user base on Craigslist. Therefore if you want to buy and sell local, stick with Craigslist. Let me show you the 8 things to buy and sell on craigslist to make money.
1. Cell Phones
Cell Phones is hot everywhere and especially so on Craigslist. Due to the high selling fees that eBay and Amazon charges, many people rather sell their used or broken phones on Craigslist. Check out How to Make Money Flipping Phones if you’re interested in learning how to profit from broken phones. Before you do anything, make sure there is enough profit margins layered in so you can still make a profit after you take repair costs, auction fees(if sold online), and shipping into consideration.
Tip: With cell phones, always make sure that you avoid “off the truck” phones. They may be password locked or iTunes locked which means you are buying a brick. Also most of the time the original owner have already reported their phone their carrier as being lost or stolen. The carrier then bans the ESN or IMEI number of the phone so it can’t be used again within the same carrier.
Another Tip: Make sure to power on the cell phone and test out the speakers, buttons and check for cracks on the screen. Any little thing broken will cost you money so make sure you inspect the phone yourself.
The market for personal computing devices has dramatically gone down over the years due to the introduction of smartphones and tablets. But there is still a market for laptops out there especially for students and young adults who still have the need to type papers or emails. Just like with phones, you can always snatch up broken laptops for cheap and resell after they been fixed. Many times people simply get rid of their laptop simply because it catches a virus. If you’re somewhat computer savvy, you can reformat and get it back like new in no time. Same thing with broken screens, relatively easy to replace.
Tip: Avoid large bulky laptops. Stick with small form factor ones or hybrid ones such as the Surface Pro which is extremely popular. Appe Macbooks also sells extremely well.
You can make a lot of money buying and selling bikes on Craigslist. You can find used high-end road and mountain bikes being sold for fraction of its original price. Years ago I bought a Specialized Epic mountain bike on Craigslist for $900 dollars when the retail price was around $4,000 dollars. I kept it for 3 years and still ended up selling it for $1,500! Even after 3 years, I was able to make a profit.
The reason why some bikes are being let go for so cheap is simply the original owner no longer has time to ride or is tired of the sport. How many times have you heard of a friend say their bike has been sitting for years without it being touched? Exactly the same situation. There are other situations where routine maintenance items such as brake pads wearing out, spindles getting bent, gears not shifting correctly causes people to sell their bike prematurely. Their loss is your gain.
Tip: If you are not sure how to tune up a bike or fix the little things, bring it to a bike shop for repair. Unlike cars, bike parts and repair costs are relatively cheap.
Solid wood furniture will always have a place in homes and due to the fact they can be made to look like new with some work, you can always flip them if bought for the right price. Look for desks, chairs, bookshelves, dining tables, dressers, etc. and pay attention to the craftsmanship. A general rule of thumb is to feel how heavy something is. The heavier it is, the more solid wood it is using. Avoid particle board furniture like the ones you can find from IKEA.
Tip: Depending on the crowd you’re catering to, you’ll have to decide if you are going to be staining or painting the furniture you’re trying to flip. Staining takes a little bit more effort but you can get beautiful results that tend to be more popular with the older folks. With the younger crowd, paint is definitely the way to go. Don’t be afraid to add some bright colors in the mix.
5. Yard equipment
Flipping yard equipment is hard mainly because you’ll only make money if you know how to fix them. But nevertheless, it is still a good way to make money. On Craigslist you’ll find an endless supply of lawnmowers, weed eaters, leaf blowers, chainsaws, chippers/shredders, power washers and even generators. Many times they are sold for next to nothing or even given away free. Check out Flipping Free Stuff on Craigslist.
Professional cameras, video game consoles, music equipment, and even TVs can all be good flips. These things are usually sold on Craiglist when the owner needs fast cash. Because of this, they sell electronic items extremely cheap. In some cases you can even negotiate them down even more. Some items can be resold to Amazon hassle free.
Tip: Remember to always make sure to check the item first. Power it on if possible and make sure that everything is working correctly or you’ll just end up having an expensive dud on your hands.
There are tons of broken appliances out there either sold for very cheap or being given away for free. Most likely the owner got a new one and don’t want the old one taking up space. Plus it will cost the owner to throw it out so even giving it away is a win. You can scrap the metal at the scrap yard for some cash or simply repair and resell.
Tip: If you can grab a buddy, it’ll save you a whole lot of back pains. With large items, don’t expect the seller to be helping you.
This is not for the casual flipper but flipping cars is a great money on Craigslist. Anyone can easily net $1-2k per car flip but they will need at least 2-4k cash to get started. A Carfax account is also needed to check VIN numbers of the cars to make sure the car is not a lemon or salvaged vechicle. The key things you want to focus on is people who are desperate to sell due to cash problems, people who know little about self-repairs, or people who have a horrible listing. There is a strategy for each scenario.
Tip: I’ll be releasing a How to Flip Cars On Craigslist in the near future to go over the strategies.
With the 8 things to buy and sell on craigslist to make money, there is something for everybody. For those who are handy, it’s definitely advantageous for you guys and gals to take advantage of the cheap things people are simply looking to get rid of simply because they don’t know or want to deal with repairs. For those who wants to be hands off, there are plenty of things you can concentrate on as well. Enjoy and good luck!