“Make money online”. There are many ways to do this, but they require a product.
The easiest way to find a product to make money with is to look around your very own residence. Yes, the bookshelves, that bicycle you haven’t ridden. Yes even the kitchen sink you just replaced.
As it turns out, Craigslist gets more eyes than practically any other sales outlet. Pawn shops, thrift stores, garage sales can only be seen when the shopper is physically present where Craigslist can be seen 24/7 and through sites other than Google.
Do a search for your item online. Find out what it costs retail. If you can’t find it, look for it on eBay. Look at the price there.
The rule of thumb for Craigslist pricing:
Items which are fairly new and not outdated – ask 60% of retail
Items which are still fairly new but are outdated – ask 40% of retail.
Items which are multiple generations old but still in good condition – ask 20-30% of retail.
Remember, these are approximates. Another tip is to look on eBay at items which have sold, then knock about 15% off the price. Why? Because eBay charges that to the seller. Craigslist does not.
Keep the description simple. Try to spend more time on the benefits. Be confident.
For extra measure, search for product specifications to copy and paste in the ad. The more time a person spends on your ad, the more likely they will be to purchase yours and not someone else’s.
Keep it Current
Be sure to keep your items current. This means logging in to your Craigslist account every other day and pressing the “Renew” button. This button will only be available for roughly 10 renewals, after which you will need to delete the ad and re-post it.
Unfortunately there are times when the ads have been seen by too many people. Many of the people who are interested will have seen your item in the first 48 hours of it being posted. This is where the next topic comes in.
Be Prepared to Lower the Price
Make it a habit to lower the price of your product by at least 10% every time you renew the ad. There will be many people interested in your item but will refuse to click on it because it’s priced too high. If you fail to lower it at the time of re-posting, the price difference will not be noticed when it goes into effect.
If you’re like most people, taking calls during work hours is nearly impossible. This should not prevent you from leaving a phone number. Make sure the number you leave has the ability to receive voice mail and text messages. This will be very important to the quick closure of the sale.
The easier it is to get in touch with you, the more likely it is that you’ll be able to sell the product.
Chances are, the person who you are about to meet is going to be ready to talk the price of your product down even further. They may have even spoken to you about a lower price on the phone or by text prior to meeting you.
Read this page to see what buyer’s are prepared to use for negotiations. http://www.ehow.com/how_5174909_negotiate-deals-craigslist.html
Not every buyer is out to get make your price drop. Some negotiations are genuine. If the buyer knows about a lower price for the item at the nearby shop, or the blue-book value of the vehicle is lower than your selling price then be open for suggestions.
Consider Posting in the FREE Stuff Section
Why would you spend your time posting free items on Craigslist when it could go to the dumpster or Goodwill?
1) Free items may eventually make it to Goodwill or another charity you are unaware of.
2) Many charities throw items they deem unsaleable in the trash.
3) If you can convince someone to stop by your home, it will save you the time and effort of hauling whatever it was away to a charity or a dump!
Craigslist Do’s and Don’ts
DO include your phone number
DO NOT sell highly collectible items. There are just not enough eyes on Craigslist. You’ll fetch half or less than what you’ll get on eBay. If you’re willing to do this, go for it.
DO NOT to sell highly broken items unless you are certain the parts are worth money.
DO list all of the items defects. It is not cool to hope the person will not see these defects.
DO NOT fix an item just to the point of working so it will fall apart right when the person gets it. This will come back around to you in one form or another. You are selling to a person in YOUR community. Do the right thing.
DO list as much as you can in the Free section. you’ll be surprised at who is willing to drive across town to pick up a free item!
eBay is great but is hampered by quite a few rules and can cost a good chunk of money. Expect to lose 10-15% of your sale to eBay and PayPal fees. Also most every item listed on eBay will need to be shipped. This means you should plan on spending at least 30 minutes to an hour to box up an item and take it to the post office.
If this is acceptable, by all means, use EBay.
Never have to meet or see the person
Your money comes in fairly quickly once the sale is complete
You can sell to the world instead of your local city.
Risky for the seller since the buyer can file a complaint for the product
Heavy handed policies. Complaints or broken rules can lead to the permanent closure of your account as well as a permanent ban.
The interface can be slow at times
Most deals will turn into cash
You can meet the person face to face
People can drive to your home
Craigslist transactions may be subject to taxes, especially for companies which think they are operating under the radar on Craigslist. Expect that each of your sales can and will be reported to the IRS. The history of your sales stays with your account for many years. Also each of your sales and personal information are publicly available.
Be sure to take into account taxes of your sales. See the link below:
That concludes this short article. Please send feedback.