If you are like me, you enjoy scouring Craigslist, Facebook Marketplace, and other local classified sites for deals on clothes, electronics, and other goodies... but have you ever SOLD anything on one of these platforms? Through the years, I have sold little things here and there, but decided to dabble a bit more and report my findings to you, my fellow side hustle moms!
While I have the urge to purge, sell, and donate (two boys = TOO MANY TOYS), I decided to try a little experiment: thrift for merchandise and try to flip it for at least 2x the profit! How does one decide what to flip on Craigslist and other marketplaces? Well, it could vary, but I feel safe in saying that your best bets are electronics, furniture, and any size of appliances. While I would have loved to pick up some larger pieces to fix up/resell, time and car size just aren't on my side, which is why I decided to experiment with toys.
Now, keep in mind I dabbled in selling toys before Christmas (which I think made things move a lot faster), so I am not sure if they will sell as well this time of year, but if you can get items at a low enough price, why not try?
Ladies and gentlemen, moms and dads: I give you a few of my toy sales:
As you can see, my profit margins weren't terribly huge, but with the extra money we made from our Craigslist sales, we were able to turn around and spend on the families we adopted for Christmas, so it was fun to have that little bit of extra money to shop with!
If you do decide to flip on Craigslist, be SURE to take these necessary precautions, all via Craigslist (especially the first one; I always met my buyers at the parking lot of our local police station):
- Insist on a public meeting place like a cafe, bank, or shopping center.
- Do not meet in a secluded place, or invite strangers into your home.
- Be especially careful buying/selling high value items.
- Tell a friend or family member where you're going.
- Take your cell phone along if you have one.
- Consider having a friend accompany you.
- Trust your instincts.
I know that this is a pretty short and sweet post, but I plan to do a little more sourcing/selling in the near future, so stand by for more updates! In the meantime, have you made any big sales via online marketplaces? What tips do you have?