How to Make Money Online Through Selling Used Electronics On Craigslist
Nearly everyone wants to make extra money these days. There is a way to make modest supplemental income from your home with a little effort. You can purchase good-quality used electronics or household items on Craigslist or at yard sales and then resell all these goodies on Craigslist for a markup and profit. Making money online through selling electronics on Craigslist might help you toward that next vacation or car if you are patient.
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Instructions
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Scan Craigslist ads in your area for below-market priced electronics that are small and can be easily stored in a closet or garage. Purchase a few of these items that are particularly priced below market value. Look for gadgets that you expect to be hot sellers. When you buy new items, keep every cable and piece of equipment intact in the original box.
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Visit yard sales and moving sales on the weekends. Purchase on those items that can be easily stored away, are priced low and are in good working condition.
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Take pictures of all the electronics you want to sell and post ads for each item individually on Craigslist.
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Reflect a markup from your purchase price and provide a means of contacting you in your ad. Make it clear that you do not deliver, if you don't plan to drive around delivering the goods.
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Wait for perspective buyers. It may take a few weeks for buyers to purchase some of these items. They may be scanning various sites for prices before they find your ad.
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Repost your advertisement each week, as Craigslist ads in some cities expire every seven days.
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Tips & Warnings
Although delivering your sold product to the buyer cuts into your profit, you might make a sale faster.
Make a template for posting your ads so that when you have a new ad all you have to do is embed the picture and change a few descriptive words.
Always bargain down your purchase price with sellers, but don't allow buyers to do so with you unless you are anxious to sell.
Purchasing goods too far from home negates some of your profits due to your gas expenditures. Don't drive too far for resell items unless you can resell for a large markup.
Don't markup your items too much otherwise it will take too long for your items to resell. You want to make a profit but you don't want to wait months for it. Price your items appropriately.
References
- Photo Credit Photos.com/Photos.com/Getty Images
