Craigslist Profiting :
- Time To Complete – 2 Days
- Earnings Potential – A Extra $50 Per Day
- Actual Daily Time Commitment – 15 Minutes
Well , as we continue on how to make money fast, I’m going to share a very simple technique with you on how to profit from the massive amount of people that are on craigslist.
What we’re doing is called Arbitage, and what that means is that we’re taking something cheap in one place ,then selling it in a place that’s more expensive.
So , head on over to craigslist and see what’s available, I normally like to do this with cars, but I imagine it could work for other high ticket items (Be careful with real estate though , because state laws sometimes prohibit this.)
Anyways, what I normally do is go through a small town , or town somewhat distant from where I live (maybe 2 hours away) and scour the postings for cheap cars. I normally have KBB.com open , and when I find what I figure as a good deal I run it through KBB’s estimator , and if the seller is asking for less than what the product is normally worth, I copy the web address into my notepad (along with their email address.)
The first few times you do this , it may be slow and take a while, but it’s well worth it.
Once I get 10 or 20 of these ‘deal’ vehicles located I send a email out asking if they would provide a referral fee if I have someone who will buy the vehicle off of them ($20, $50 , sometimes $100) and almost 90% of the time, they will agree to this. So , what I do then is take their ad , and copy it to another craigslist city (Hardly any vehicle sellers do this, however MOST People are willing to travel a extra hour or two for a good deal. I usually spruce up the ad with stock pictures if the seller don’t have any , or if I really want to get creative, I’ll try and get original photos off the seller and then post them up with the vehicle, many people who post on craigslist only do it once a year, and don’t learn all the techniques with it. I also might put a blurb about the benefits of the vehicle (either from the manufacturer or other similar website). I then of course put my info in as the contact person.
NORMALLY I will have 2-3 contacts a day per vehicle I have on , so a reference number or something like this is a good idea to have.
Then , depending on how I have it set up , I either transfer them to the seller or sell the names & numbers to the seller for a few dollars each.
Once you got the system down ,you can make about a extra $50 or so dollars per hour by doing this. It’s very easy overall , but no one ever does this!
One enterprising individual I talked to hat build a scraper bot that automatically looked up the bluebook values for vehicles, and auto-submitted/posted them. He stated to me he was bringing in over $1,500 per day doing it in the city of Portland Oregon alone.