Needing some cash, fast? Many people turn to Craigslist.com to sell their odds and ends for a quick buck. But there are some best practices to selling on Craigslist to stay safe and get the most cash for your gizmos. This is the art of selling on Craigslist. Pile up your trinkets and let’s begin!
What To Sell, That Is The Question
A good rule of thumb is to pick out things to sell according to this criteria:
- The item is something that you no longer need, or you have not used for a year or more.
- The item is valuable enough to make it worth your time to sell.
These might include:
These are just a few possibilities. Start by walking around your house and identifying potential items you could sell. Put these items into one big pile, and now you’re ready to start the sales process!
How To Effectively Price An Item
The first thing you must determine is the market price of the item. You can do this by searching for the item you’re trying to sell on Craigslist and see how others have priced the item. Don’t just use one listing to price your item, look over several listings to ensure the item you’re selling and what your competition is selling is like for like.
Once you have determined the price you’re willing to sell the item for, I recommend increasing your price by 10 to 20%. The reason for this is that many people on Craigslist want a deal, and they will try to negotiate you down. Increasing the price beforehand prevents a certain amount of loss. For example, let’s say you have an item that is generally going for $200. List it at $240, and see what responses you get. You might be fortunate enough to make a profit, but if they negotiate you down, sell it for $200 minimum.
Patience Is Key
When you post your item on Craigslist, expect to wait for responses. The last thing you want to do is take the first offer you get. Compare offers, and email the winning bid. The more pressure you’re under to sell, the less you’ll make on the sale. Take your time! Why be in a rush?
Pictures, Pictures, Pictures!
As you’re adding your product to Craigslist, make sure that you take high quality photos to post on the site. We live in an image-based society, and many people want to see the item in detail before they will buy it from you. This is perhaps one of the most powerful ways to get the sale.
Stay Safe, Keep It Public
I highly recommend meeting in a public place, and taking someone you know with you to the sale. The last thing you want is to have your valuables stolen. The more eyes on the transaction, the better. Be very mindful about where you do the sale, and the party that you are selling to.
Selling on Craigslist can be a great way to make some serious cash. Some have gone to the extent of buying antiques at garage sales and selling them for profit on a regular basis. I have known a few people to do this and make a great deal of money. It makes a terrific side job while you’re working your 9 to 5.
Have you sold anything on Craigslist? What are some tips and tricks you can share with us? We’ll meet you in the comments!
Last Edited: 2nd August 2010