Three Tips for Craigslist

Summertime is the perfect time for cleaning out the garage. Most of us have a bunch of stuff lying around that we’re not using anymore, and summer offers us the perfect opportunity not only to clear out the garage and find that rubbish, but also sell a bunch of your goods for cash that is otherwise wasted. Just a quick drive around town will show you that a ton of other people are doing the same thing. There’s always garage sales all over the city on weekends, and a quick glance at craigslist confirms that there’s lot of traffic for used goods at the moment. So if you’re in the position where you want to get rid of some goods, or if you want to take advantage of the influx of others’ items, here are three tips for craigslist to help you get the most of the season.

Explain Why You Are Selling

When you go to post your craigslist ad, let people know why you are selling the product. Getting rid of a bike in the middle of summer? Say it’s because you just upgraded to a new bike, or because you just don’t ride it anymore. The one thing you don’t want to do is to say that you are selling your goods because you are moving. When people know you are moving they’ll know that you are in the tough spot of having to get rid of these items before you move. You put a timeline on yourself and the item’s availability. If you give the appearance of having all the time in the world, you’ll have a better chance of getting a fair offer for your item.

Take Advantage of Others’ Time Constraints

Of course, you can turn that around on other people. If you see that there’s an item for sale because someone is moving, try to take advantage of the fact that they’re stuck getting rid of it. Wait until near the end of the month, and offer them a low ball offer. Give them your cell phone number if they change their mind. Even if they don’t get what they want for their goods, most people would rather get something back and see their stuff get used by someone else rather than see it get trashed. This can be especially obvious in college and university towns, where there’s an annual turn over as students come and go, a lot of them moving across the country and unable to move their beds, bikes, or cars.

Overprice Your More Valuable Goods

Sick of receiving those low ball offers? On your items that are worth more than $50 or so, add a premium on top of the asking price you have had included. That way even the low ball offers are within the realm of your ideal purchase price. Of course, you run the risk of simply never getting an offer, but if you’re in no rush to sell, then this can definitely help by just waiting for someone to look for a “good deal”. This usually won’t work if there’s other people that have the same or similar items up for sale at a significantly lower price, so do some market research before you try this. Sometimes overpricing your goods makes people think that your item is more valuable than the others that are listed – perhaps they assume it’s in better condition or newer. So if you have time to wait before the sale, try to put it up with a premium first, just to see if it the price is worth it to someone else.

What tips do you have for craigslist sales or purchases?

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Written by Alan Schram

Alan Schram writes about personal finance and his encounters with it in his everyday life. Alan is recently married and is looking to save money on expenses and reduce his debts.

7 Responses to Three Tips for Craigslist

  1. I agree with overpricing items as a strategy. When I sold my DSLR on Craigslist last year, I scanned other ads to see what the going rate was and then added about $50 to the price. To make it seem worthwhile, I threw in a $10 memory card as a “bonus”. I ended up selling the camera for the full price, no negotiating :D

  2. CF says:

    When I sell something on Craigslist, I always indicate the time and day that I am available for the buyer to come and pick up the item. That way, I don’t have to play email tag all day, only to find out that they are not available to come by.

  3. I overprice everything. You can always come down on your price but you can’t reprice higher! If it doesn’t sell slowly bring the price down until someone bites if you aren’t in a rush!

  4. Tips for craigslist? Use kijiji instead. Way better results.

  5. Good tips. I’d also add one more – use visual imagery. Describe what you’ve liked about owning whatever it is you’re trying to sell, and phrase your ad so that the reader can visualize owning the item. Whether it’s a car, Xbox, house, whatever, visual imagery can help you sell it.

  6. Theresa says:

    There will be many like kijiji but Craigslist came as a kewl help when I sold myself :) . I uploaded my resume on Craigslist and I was successful to grab the best offer. I quoted $X which was at least 12-15% higher than the market rate but my experience of 20 years as a DA,DBA,ETL,BI,Infrastructure Solution Specialist worked. An hawk eyed recruiter tracked me out here and now I am smiles:)

  7. Really great post and tips. I would have to agree that I’m a bigger fan of kijiji just for the prettiness factor I guess, plus I bet its a lot more visually appealing to potential buyers. That being said, these tips will work well for whatever online classified site people use.

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