10 Highly Profitable Items On Craigslist
Items which are priced higher, and with sufficient supplies, are the best products to be sold and bought on this portal.
Why products which are high priced?
Items priced higher give an opportunity to earn more profit as compared to low priced products, assuming that the amount of total work required is same. However on the flip side, when you purchase high priced products, your chances for loss also increase. So, it is recommendable to move slowly towards higher priced products, this would give you a learning curve as well.
Inefficient market: What is it?
In this sort of market place buyers do not have ample information about any product to take a knowledgeable decision, like what product to be purchased and at what cost. Or, in simpler term, this is a less explored market.
For example, in comparison of Apple products and furniture, furniture market would be an inefficient market. As cost of a new or used Apple product can be determined from any place, be it a physical market or online.
Sufficient supply: What is it?
There should be an ample amount of items you are willing to sell or buy, so that you could achieve your profit and income goals.
Considering all the afore mentioned factors, the following items can be considered as the top ten items to be bought or sold on Craigslist.
10. Mobile Phones
Mobile Phones, especially new smart phones are being sold at a good price in the used markets. As people frequently upgrade their phones, their supply is large. The demand is bigger because it seems expensive to replace a broken or lost phone. The mobile phone market is inefficient because people get their mobile phones by their carrier provider, hence obscuring its actual cost from its real holder.
9. Power equipment's/tools
Power apparatus/tools have a large supply, and numerous fire-sales that happen when dealers change professions and put all their equipment's on Craigslist. You can have an additional benefit, by being able to use the equipment's while waiting for them to be sold. You can purchase it for a remodel assignment, and sell it for a profit after making use of it.
8. Yard tools
Generators, power washers, chainsaws, weed eaters, chippers/shredders, leaf blowers and lawnmowers. This can be mainly profitable, if you know to repair small engines. Most people leave their tools and equipment's having gas in it during the winter season which can lead to carburetor clogging. So people dump them on Craigslist for almost free or at a very cheap price.
7. Computers
Netbooks, personal computers and laptops can be large buys, mainly if you can repair them too. When the computers have some fault, people mainly drop them off at a vastly cheaper price on Craigslist.
6. Electronic items
High-end electronic items can be sold at a good price. There are many subcategories that vary in electronic field. People purchase the item on a whim; soon get rid of it after hardly using it. These items can be stored in the house while waiting for them to be sold out.
5. Furniture
Furnishings are very costly, particularly high-end furniture. Solid wood furniture is mainly in high demand. Beds, all types of chairs, dining tables, desks, mirrors, nice couch etc.
4. Bikes
One can earn a good amount of money in reselling and buying bicycles. After a few repairs, the value of a bike can increase.
3. Motorbikes and Scooters
Very good deals can be made in buying and selling motorbikes and scooters. You can buy the bikes and scooters at a cheap price in winters and sell them at higher price in summers.
2. Electrical device
We all use electric device and appliances, so both their demand and supply is pretty high. It’s quite easy to make good profit per appliance, especially more in the high end electronic devices.
1. Four wheelers, especially Cars
Cars generally tend to have a huge profit margin if you can get a good deal. A car depending on the age, condition, make and type will range between $5000- $100,000. If you can get a deal for a car at half price and give it a couple of fixes, you have the potential to earn a couple grand just from closing the deal for one car.
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