Most of you have probably heard of Craigslist before. If you haven’t, here’s what to expect: it’s a classified advertisements website where you can post ads on just about anything – housing, jobs, services, etc. The ‘for sale’ section of the website is where you can list the items you’re selling. Just remember that unlike eBay, the transaction does not take place online. Instead, you arrange to meet with the buyer in person for the transaction.
One of the prime advantages to selling stuff on Craigslist is that you get paid quickly and in cash. Rather than wait for funds to clear in your PayPal account, you’ll receive your money immediately. This comes in handy if you’re in a hurry to pay bills. The drawback to Craigslist is that you never truly know who you’re meeting until you meet them.
This does carry a degree of risk since you don’t really know the intentions of the person you’re meeting. But as long as you meet the buyer in a public place, preferably with another person, there’s no reason why Craigslist can’t be a safe and reliable place to make money selling your stuff.
As the world’s largest e-commerce website, you should have no problem selling your old or unused stuff on eBay. Selling on eBay is relatively straightforward: post an image of the item you’re selling, along with a description and price, and wait for a sale. There are two distinct selling formats you can follow on eBay:
- Buy It Now: As the name implies, this format allows you to set your item to a specific price. So if you price the item at $79.99, then this is what you’ll get for it. The only exception is when use the ‘or best offer’ option which basically allows potential buyers to A) Purchase the item at your buy it now price, or B) Offer you a price that they’re willing to pay.
- Auction: When you put an item up for auction, there’s no guarantee that you’ll sell it for a specific price. Instead, the amount you sell it for will depend on how many people are interested in It.
The benefit to selling on eBay is clear: you’re more likely to find a buyer. The main downside is that you’ll need to wait for the funds to clear in your PayPal account before you’re able to access them.
Backpage.com is a classified advertisements site that’s very similar to Craigslist. There’s basically no difference between the two except that Backpage.com offers a sleeker interface and navigation. You’re also less likely to receive spam emails when posting on backpage.com.
- Consignment Shops
When most people think of the word “Consignment”, they automatically picture an outdated idea that doesn’t work. But the truth is that selling your stuff at consignment shops can be an excellent way to supplement your income. Basically, it works like this: you choose what items you want to sell, give them to the shop owner, and you both share the profits. Pretty neat, right?
Generally you’ll both come up with a percentage beforehand that you believe is fair for everyone. In most cases, you’ll keep the bulk of the purchase. So if your item sells for $100, you might receive $75 or $80 and the shop owner will keep $20 or $25. The best part is that you’ve done nothing. This option is great because it’s “passive” meaning, once you give the shop owner your items, the only time you’ll need to show up again is to collect your checks! Check for local consignment shops in your area using Google.
Ready to Get Started?
Selling unused stuff is simple, fun, and effective way to blow up your bank account. The process is simple: just find what you don’t need (or what you no longer use), put it up for sale, and collect your profits! It really is that easy. Start today so that you can finally catch up on your bills, have more money to splurge, and save up for your future.