In this article, I am going to give you all the steps you need to make money with Craigslist.
I am also going to pick the most beginner-friendly and straightforward method to make at least $100 per day with Craigslist.
Alright, before we get into the method, In case you are new to the platform here is a very short intro.
What is Craigslist?
Craigslist is an American classified website where people can post ads for free.
This, in turn, connects buyers and sellers.
If you do not have an account, you can create one for free.
That's all you need to know about Craigslist to make money 🙂
Now let's get into our method!
Flipping is one of the most commonly used strategies to make quick money.
Let me show you a real case study where a guy was able to make $100 in just 24 hours by flipping a bike on Craigslist.
Watch the below video:
See it is not that difficult to buy items for low and flip it for a higher price.
There are many sections within Craigslist and the important one is the FREE section 😉
Always make sure to check it out whenever you find the time.
You can access free stuff by going to "For a sale" section and then navigate to the free stuff tab.
When you search through the free section of Craigslist, you will see both good and bad things whose owners don't want them any longer.
Yet they are not ready to dispose of it because they think someone might need them.
Though some of these goods are free, others are sold at high prices on other sections of the Craigslist.
So, you have a range of opportunities coming your way if you want to give it a try.
You take, for instance, an old vintage dresser on Craigslist.
Guess how much you can sell for?
$500 super easy!
People love vintage stuff and if you can give a good retouch and finish.
You can make $500 without a doubt.
However, you cannot be lucky very often; such lucks are rare, but if you have the time and patience every day to search through Craigslist, it's a real goldmine for you.
But the very point I am making is that Craigslist items are either free or at meager prices and that's an excellent opportunity to make money.
Now, shall we look at what you need to do to make money with Craigslist?
Here are the steps:
Just search craigslist on Google and click on the first link.
You will be taken to your local craigslist site.
Perfect, that's where you want to be and now create an account.
Find your niche and make sure you know something about things in that category so that you can have a fair idea about the best time for low prices.
This means you will be able to strike the iron while it is still hot and that's the way to save time and make more money.
Start interacting with the people over there and use it as social media.
This will give you a good idea about the platform.
Secondly, you must have time every day to visit sites and read posts because posted items will not sit there all the time waiting for you.
And as you keep visiting the page, you'll become accustomed to how much time you need to meet posted stuff.
In addition, if you are well-informed, you always spot good deals and things before others do.
Sign up to the Craigslist alerts so that you receive an e-mail whenever there is a sale in your niche.
All you need is to click "Create Alert" and enter your niche search term.
Understanding the market value
Another critical factor is to understand the market value of the products in your niche.
Survey the online market and become an expert with the information you gather in order to make good decisions at the right time.
Look at the value of the items posted on different sites like eBay and Craigslist.
This will equip you with the required knowledge of the general prices of things so that you can bargain for reasonable prices to your advantage, knowing how much everyone is selling it.
If the item you come across has a lower price then you know you will make more profit.
E.G. If you buy a dresser for $40 you can swiftly flip it on eBay or Facebook marketplace for $150 to $200.
In addition to knowing the value, you must negotiate the deal, and that's where becoming an expert of a niche is helpful because you'll be able to negotiate deals quickly.
If the item is a good deal, it doesn't last long on Craigslist.
As the offers will be pouring in, sellers are anxious to sell items without much time for negotiation.
So, you must make price negotiation without wasting time.
What you should do is to clean it up if it is not new and has some dirt around it to restore its original form before reposting it on Craigslist for a higher price, but this step might be skipped for some items.
Alternatively, for finishing, you can spray or stain it with quality paint to renew it.
Later, you need a good picture of your item to post so that it can appeal to buyers for a good price.
Hence, a little time for the final touches to your item will add value and increase your profit.
Now, it's time to post your item on Craigslist.
Before you do that, you must write a good description of your item below the picture and set a price that gives a good return.
For that, the knowledge you have about market price through research will help you decide on how much the price is reasonable for your item.
"Always remember, becoming an expert in a niche will give you an edge among your competitors."
Keep your price be a little high when buyers beat it down, you can still have a price that is worth the item.
On the other hand, you need a little patience to post your item a few times before you get the price you want.
In sum, Craigslist flipping is a lucrative business that serves as an additional income and yet needs little work.
As you involve yourself in it, there are other things you'll learn later, but you should know that nothing comes on a silver platter.
A little work every day will help you reach your fortune one day, and your hustle will not be in vain.