How to earn money by reselling the Freebies available on Craigslist
How to locate free items?
• Log on to the website and click on your city or the one that is closest to you (if yours is not listed).
• On reaching the local directory, under “For Sale” section, click “free” link.
Check the description and pictures of the listed items and collect all the items which are in good condition. The motto here is very simple, collect as many good and free things as possible and list them back on this site for sale. Anything earned in this way would be a clear profit.
How to resell these freebies?
There are different ways to sell the items that you picked for free on Craigslist, few can be:
1. Resell on Craigslist
2. Sell to specific buyers
First option is a clear example of flipping where you are capitalizing on the inefficiencies of the market. When you are flipping an item, you purchase cheap and sell at a higher price on another place. Free is the lowest form of cheap, and “another place” would just be a different Ad category than free.
The next option works only for specific items and is sold to specialized buyers only. For example, selling tiles to a flooring company, electronics or luggage could be sold directly to pawn shop.
If you are planning to opt for this option, you should have a list prepared for the best places you sold an item to. This list can include:
• Metal buyers (for copper and aluminum items),
• Pawn shops (tools, luggage, jewelry and electronics),
• Buyers for used appliance
• Old furniture buyers
• Consignment shops
• A bookstore who is willing to purchase old and used books.
Utilizing different strategies for different freebies would be the best idea, just keep all your options open. Once you have learned the best ways of selling, you would also be a master at buying and selling freebies. The best part in this business or hobby is that you are initiating this with almost zero expenditure.
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