What is a sufficient supply?
There needs to be enough of product you’re trying to buy and sell to reach your income goals.
So with these three factors in mind, here’s my list of the ten best things to buy and sell on Craigslist.
Cell Phones, especially many of the new smartphones sell for a lot of money on the used markets. There is a very large supply due to people constantly upgrading their phones. The demand is high because of how expensive it is to replace a lost or broken phone. The cell phone market isn’t that efficient because most people obtained their phone via their cell carrier subsidizing it, therefore obscuring it’s real cost from it’s owner.
Power tools are a great because of the large supply, and frequent fire-sales that occur when contractors change professions and dump all their tools on Craigslist. Also, one can get the most out of a trip as usually the seller is often getting rid of many tools at once. Bonus is to be able to use the tools while you are waiting for them to sell. Buy them for a remodel project, and sell them for a profit after you’re done!
Lawnmowers, weed eaters, leaf blowers, chainsaws, chippers/shredders, power washers and generators. This can be especially lucrative if you learn how to repair small engines, especially during springtime. People often leave their equipment with gas in it over the winter which leads to the carburetor clogging up and machine not starting. So people throw them up on Craigslist for free or very cheap. This last year I helped a friend get dozens of lawnmowers for free.
Laptops, netbooks and desktop computers can be great buys, especially if you repair them as well. When something goes wrong with a computer, people will often unload it for cheap on Craigslist. People are always upgrading to the latest and greatest, even with lots of life left in their existing computer.
High-end electronics sell pretty well. For example Bose products always sell well as the supply of them is smaller and it’s an item where the initial price keeps many from buying new. There are also a lot of sub-categories within the electronic field where people buy the product on a whim, and get rid of it a few months later after barely using it. They also store easily inside a house and can be used while awaiting for them to sell.
Furniture can be very expensive and often holds it’s value fairly well, especially high-end furniture. Any solid wood furniture will usually have a pretty high demand. Desks, all types of chairs, nice couches, bookshelves, dining tables, dressers, mirrors, etc.
There is very good money to be made in buying and reselling bicycles. The value of a bike will also increase quite a bit with a few repairs. Also, with the younger generation being saddled in so much debt, bicycles are becoming more popular as an alternative transportation mode. Just make sure you get rid of your inventory a little quicker than the man above.
Motorcycles and scooters
Buying and selling Harley Davidson motorcycles, and other motorcycles and scooters, can be a very lucrative business. These bikes can sell for $5,000-$15,000, which leaves a lot of room for play. They are another frequently distressed sale item where very good deals can be found. Also, if you can sit on the bikes over the winter, you can often buy them for cheap in the winter and sell them for more in the summer.
(UPDATE If you are interested in learning how to buy, sell and repair appliances for either a part-time or full time income, we’ve built an entire training course/community at ApplianceSchool.com)
Everyone has appliances, so the supply and demand for them is very high. It’s fairly easy to make $75-$150 profit per appliance, and more if you are dealing with high end appliances. This the category that I spend most of my time in. Check out How I Earn My Living Buy and Selling Appliances on Craigslist or our go ahead and learn the business at ApplianceSchool.com
If you really know what you’re doing, and are willing to get a dealers license, you can make a lot of money buying and selling cars. $500-$1000 profit on a car is probably average, but there is the potential to make a good bit more than that. Sellers will often under price a car because of a small flaw, and after observing it closely every day, becomes bigger than it actually is. The small dent on the bumper becomes a reason to drop the price significantly, when the market could care less. I also wrote 5 Things to Remember When Buying a Car on Craigslist.
You still need to buy and sell what you know best. If you don’t know a category very well, spend some time doing research. With some effort, you can learn to make money buying and selling just about anything on Craigslist. Best of luck!