Jun 21, 2015 01:23 AM
(This post was last modified: Jun 21, 2015 01:58 AM by Who Soup.)
Hey guys,
Here is my personal guide on how I made $1600 off of craigslist today.
Intro
For those of you who don't know me, I'm a business student majoring in marketing and minoring in business law. Money has always been my passion ever since day one. I feel bad sleeping because every second I'm sleeping is a second I'm not making money. If you share this same passion for money this guide will help you achieve your goals. I can't offer any type or promise that this will work but this is what I have done and it has worked for me.
Key point: YOU WILL NEED SOME SORT OF STARTING CAPITAL
The Methods
What is a tool? is it just something you're dad or grandpa uses to fix up his car? no; It's a lot more than that. Tools are the building blocks for white hat (or black hat) money making.
For example, Here is a 2 stage vacuum pump used for diagnosing car AC. It's a $120 capital investment (for the pump). In most areas of the world the demand to fix your AC (especially because summer is here) is pretty high. To diagnose a car in the shop might cost someone thousands. Why not do it for $60 - $100? After 2 clients you already paid off your capital investment and you are now raking in pure profit. This doesn't have to be limited to just the automotive industry, you could buy things such as a 3d printer and sell objects or have a printing service, you could buy a normal printer and mass print things for people, you could buy a computer and have an infinite amount of options, you could buy a embroidering machine and custom stitch logos or holiday themed products, sewing machines, wrenches, sewage snake, lock picks, servers, the list can go on and on. The most important thing to do and the easiest way to do choose is to find something you enjoy doing and monetize it. Follow your passion first and the money will come in after.
Risk factor: Medium/Low
Say you're good with your hands, you're an engineering type of person why not put that to use? You can do things like building/designing technology, houses, landscaping (such as waterfalls or pools), building cars or bikes, etc. This can depend on your skill level though you can also do this with minimal skill; Here's how.
Pallet furniture
5 palets for $20
http://losangeles.craigslist.org/sgv/for...76487.html
how to make:
http://www.instructables.com/id/Pallet-Chair-1/
Sells for $500 each
https://www.etsy.com/listing/215549463/p...fgodrX0FvQ
this uses 2 pallets so $20 capital investment, $8 per chair with one pallet left in your inventory. Potential gross sales: $1000 net profit: $980.
Risk factor: Medium/Low
Flipping is one of those things that everyone who is trying to monetize off of craigslist tried to do at one point. The object of the game? Buy something that's worth of value low and sell it for more than you bought it. This is personally how I made $1600 today, though please keep in mind I've done the rest of these methods to balance out my risk factor. THE MOST IMPORTANT THING that you can do when flipping is buy something that you don't mind keeping. People move very very often where I live and they need to get rid of items in a hurry. If you live near a military base, look to purchase from them, some may be desperate to sell their items because they can't take it with them for what ever reason. Also pick a item that's in demand. Don't buy and sell super rare Pokemon cards or #2 pencils; pick something that people want but not something that's extremely selective. Some good things to buy and sell (though they may vary by area) are: cars, bikes, mopeds, drones, phones, wallets (or knock offs), etc. Stay away from: Computers, Jewelry, Cloths, Appliances, etc.
What I did today:
(2) Motorized bike(s) (Asking $300 each)
Purchased for: $400 for both
Resold (with in 2 hours) for: $1000 each
$2000 Gross
$1600 Net
Risk Factor: Medium/Risky
How to negotiate a price
"25% method"
Most people are comfortable with knocking off 25% from their deal. The way to do this goes as follows:
Listed price: $100
You: I'll offer you $50...
Them: Gee man, idk that's kind of low
You: max I can do is $75 man
Them: ok I guess that's ok.
first knock the price by 50%, see what the rebuttal is if it's worth it then take it, if not offer 25% - 30% of the original asking price.
Obviously you can push for a higher percentage off and this will depend on the starting price of the item and how flexible the person is on the price. More discount = Higher risk. Pro tip, if they look sketchy don't do a drastic change. Also if they said they're firm on the price you have a 50% chance that you could piss them off. Also, keep your money in sections. What I mean by that is say for the above example you have 5 $20 bills. keep $60 in one pocket and $20 in a different pocket. This way when you pull out your money to count you won't show them that you have more than you offered. This is a good way to make sure the final transaction leaves on a good note.
"Misericordiam"
If you have taken a logic course you would know that misericordiam is the act of making someone pity you. This method sadly works often but does not work on everyone. Tug on their emotions; "it's for my sick brother", "i'm buying it for a kid that just finished his chemo therapy", "it's the only thing that will make me happy". Don't drop a misericordiam line too often or they'll just get irritated. Also if you're truly lying don't just drop a line and don't ever mention it again. Say something relevant to your misericordiam line to show that it wasn't just fake; they'll think it's on your mind.
3 Fundamentals
One of the most key things to do when you're trying to negotiate a price is to show interest but not overly excited, play out the situation depending on the person, and know when to call it quits. By understanding these 3 fundamentals you can almost always negotiate a price lower then their original asking price.
By showing interest but not excitement shows that you're wanting what their selling but you're also willing to walk away if you have to. This mentally fucks them up because they don't want to lose the sale, in most cases they have some sort of time factor that they are wanting to sell their item by.
Playing out the situation is very important as well. Like I said with misericordiam don't play out methods over and over on the same person, and don't push a price too low; This can guarantee a loss of sale and danger physically as well as the relationship with your buyer.
Lastly you need to know when to walk away. Some times the price isn't worth what their asking; you need to remember that you're doing this to make a profit not to be their friend. If you aren't comfortable with the price then politely conclude the negotiation and walk away. It's key to leave on a good note even if they're being a ass hole. I can't tell you how many times I turned my back and opened my car door and they come running back with a "WAIT! How about this", or call me the next day lowering the price.
Well that's all I have to say for now, I'll update this thread as needed. I hope someone can find this information useful 🤝
Here is my personal guide on how I made $1600 off of craigslist today.
Intro
For those of you who don't know me, I'm a business student majoring in marketing and minoring in business law. Money has always been my passion ever since day one. I feel bad sleeping because every second I'm sleeping is a second I'm not making money. If you share this same passion for money this guide will help you achieve your goals. I can't offer any type or promise that this will work but this is what I have done and it has worked for me.
Key point: YOU WILL NEED SOME SORT OF STARTING CAPITAL
The Methods
Tools
What is a tool? is it just something you're dad or grandpa uses to fix up his car? no; It's a lot more than that. Tools are the building blocks for white hat (or black hat) money making.
For example, Here is a 2 stage vacuum pump used for diagnosing car AC. It's a $120 capital investment (for the pump). In most areas of the world the demand to fix your AC (especially because summer is here) is pretty high. To diagnose a car in the shop might cost someone thousands. Why not do it for $60 - $100? After 2 clients you already paid off your capital investment and you are now raking in pure profit. This doesn't have to be limited to just the automotive industry, you could buy things such as a 3d printer and sell objects or have a printing service, you could buy a normal printer and mass print things for people, you could buy a computer and have an infinite amount of options, you could buy a embroidering machine and custom stitch logos or holiday themed products, sewing machines, wrenches, sewage snake, lock picks, servers, the list can go on and on. The most important thing to do and the easiest way to do choose is to find something you enjoy doing and monetize it. Follow your passion first and the money will come in after.
Risk factor: Medium/Low
Build something
Say you're good with your hands, you're an engineering type of person why not put that to use? You can do things like building/designing technology, houses, landscaping (such as waterfalls or pools), building cars or bikes, etc. This can depend on your skill level though you can also do this with minimal skill; Here's how.
Pallet furniture
5 palets for $20
http://losangeles.craigslist.org/sgv/for...76487.html
how to make:
http://www.instructables.com/id/Pallet-Chair-1/
Sells for $500 each
https://www.etsy.com/listing/215549463/p...fgodrX0FvQ
this uses 2 pallets so $20 capital investment, $8 per chair with one pallet left in your inventory. Potential gross sales: $1000 net profit: $980.
Risk factor: Medium/Low
Flipping
Flipping is one of those things that everyone who is trying to monetize off of craigslist tried to do at one point. The object of the game? Buy something that's worth of value low and sell it for more than you bought it. This is personally how I made $1600 today, though please keep in mind I've done the rest of these methods to balance out my risk factor. THE MOST IMPORTANT THING that you can do when flipping is buy something that you don't mind keeping. People move very very often where I live and they need to get rid of items in a hurry. If you live near a military base, look to purchase from them, some may be desperate to sell their items because they can't take it with them for what ever reason. Also pick a item that's in demand. Don't buy and sell super rare Pokemon cards or #2 pencils; pick something that people want but not something that's extremely selective. Some good things to buy and sell (though they may vary by area) are: cars, bikes, mopeds, drones, phones, wallets (or knock offs), etc. Stay away from: Computers, Jewelry, Cloths, Appliances, etc.
What I did today:
(2) Motorized bike(s) (Asking $300 each)
Purchased for: $400 for both
Resold (with in 2 hours) for: $1000 each
$2000 Gross
$1600 Net
Risk Factor: Medium/Risky
How to negotiate a price
"25% method"
Most people are comfortable with knocking off 25% from their deal. The way to do this goes as follows:
Listed price: $100
You: I'll offer you $50...
Them: Gee man, idk that's kind of low
You: max I can do is $75 man
Them: ok I guess that's ok.
first knock the price by 50%, see what the rebuttal is if it's worth it then take it, if not offer 25% - 30% of the original asking price.
Obviously you can push for a higher percentage off and this will depend on the starting price of the item and how flexible the person is on the price. More discount = Higher risk. Pro tip, if they look sketchy don't do a drastic change. Also if they said they're firm on the price you have a 50% chance that you could piss them off. Also, keep your money in sections. What I mean by that is say for the above example you have 5 $20 bills. keep $60 in one pocket and $20 in a different pocket. This way when you pull out your money to count you won't show them that you have more than you offered. This is a good way to make sure the final transaction leaves on a good note.
"Misericordiam"
If you have taken a logic course you would know that misericordiam is the act of making someone pity you. This method sadly works often but does not work on everyone. Tug on their emotions; "it's for my sick brother", "i'm buying it for a kid that just finished his chemo therapy", "it's the only thing that will make me happy". Don't drop a misericordiam line too often or they'll just get irritated. Also if you're truly lying don't just drop a line and don't ever mention it again. Say something relevant to your misericordiam line to show that it wasn't just fake; they'll think it's on your mind.
3 Fundamentals
One of the most key things to do when you're trying to negotiate a price is to show interest but not overly excited, play out the situation depending on the person, and know when to call it quits. By understanding these 3 fundamentals you can almost always negotiate a price lower then their original asking price.
By showing interest but not excitement shows that you're wanting what their selling but you're also willing to walk away if you have to. This mentally fucks them up because they don't want to lose the sale, in most cases they have some sort of time factor that they are wanting to sell their item by.
Playing out the situation is very important as well. Like I said with misericordiam don't play out methods over and over on the same person, and don't push a price too low; This can guarantee a loss of sale and danger physically as well as the relationship with your buyer.
Lastly you need to know when to walk away. Some times the price isn't worth what their asking; you need to remember that you're doing this to make a profit not to be their friend. If you aren't comfortable with the price then politely conclude the negotiation and walk away. It's key to leave on a good note even if they're being a ass hole. I can't tell you how many times I turned my back and opened my car door and they come running back with a "WAIT! How about this", or call me the next day lowering the price.
Well that's all I have to say for now, I'll update this thread as needed. I hope someone can find this information useful 🤝
