Alright, this is not a method to make money using "internet Marketing" so-to-speak, however, you can tweak this method using some form of IM for sure if you are creative.
Just to let you know - I am NOT Releasing a WSO anytime soon - This is just a post to help someone out that Needs to make some quick cash. Seems like everyday I read a new psot "How can I make 100k in 24 hours" type of thread.
I Love getting sweet deals on things, literally everything I own is the result of my getting for half off, from my house to my car, to the computer I'm using and everything in between. I just HATE paying full price. SO this method involves using simple technique I use whenever I need to make some quick cash on the side.
I will try to make this post as coherent as possible!
Goto For sale section. Electronics and Cell phones are my favorite.. but there are deals everywhere.
Understand that most of the people selling stuff on craigslist, are doing so because they need some form of Quick Cash .
They May post Blue Widget for $100 but be willing to accept A LOT less.
Okay, so lets say we see Blue widget" on sale for $100 on Craigslist.
Goto eBay - New & used electronics, cars, apparel, collectibles, sporting goods & more at low prices
And do a basic search for "Blue widget" then after you search, click on the "advanced search" and scroll down to "completed listing" check that then click on search. This will search the past 15 days of blue widgets that have sold.
I'm Coining the following terms:
EMV = Ebay Market Value . This is the Current Value of the Item + Shipping. Take this value by adding up the highest sold 3 plus the lowest 3 sold of the same exact item like your's average them together. 100 + 105 + 107 + 86 + 92 + 77 this will equal = $94.5 This is the EMV.
Okay, so now what do you do with the EMV?
Lets go back to blue widget, we just did a closed items search and we see that based on the items sold* the EMV is $94.5
And the person had it listed on Craigslist for $100 bucks.
Step 5: Determine your offer price.
NOTE: 9 times out of 10 the Craigslist Price will be LOWER then the EMV..
Now you will want to make an offer to the person, keep in mind, when you make your offers, you will get more "NO's" then yes' so this is how you do this. (My background is in buying Real Estate Investment houses, so that's how I came up with this formula..and it WORKS!)
CLOP = Craigslist Offer Price
The CLOP = EMV * .70 (This number takes in consideration ebay fees and everything.. sometimes I go as low as .60 , but on hot items .70 is about the best.. the lower you bring this number the less buys you will get, but the better profit you will get in the end)
So our CLOP = $94.50 (EMV) * .70 (70% of the EMV or 30% off) = $66.15
Step 6: Make the Offer Whenever I do this, I always do it in the morning, I get the best results and it often times allows me to buy the item, prior to other people even seeing the new add. I usually call when I can, I don't like to email because it takes a while and gives people a chance to "think about it"
So this is what I do:
I call Bob about his blue widget, and tell him I'm really interested in it, I can meet him in 20 minutes with cash. I tell him my offer price and and I immediately ask where we can meet. He either says yes or no. If no, hang up and make another offer on something else!
Step 7: The Exchange
I would have $60 in 1 pocket, and the rest in the other pocket. Tell him you have $60, (literally take it out and hand it to him so he takes it) If he takes it and says thanks.. You are good to go, if he said I thought you said $60 , then you say something (In a joking manor or whatever) "Oh c'mon dude times are rought" or something, don't be scared to haggle.. then if you can take the other $6 out of your right pocket and hand that to him also..
Step 8: List it on ebay
List it on ebay, collect the money ship it off and move on.
You can do this as often as you would like everyday!
I have found, that the stuff that has a EMV of $300 or more, you can get for a better price. So if you can't afford to buy a $300 item , build up to that save your profits and just work your way up! You can start out small then move up to used cars or something! I know some people who make a killing buying and selling cars on CL.
Last week alone I needed a quick $500 for my GF's birthday..
These are a few of the deals I got:
Bose Surround Sound + Sony Receiver + Logitech Remote: $100 sold the bose setup for $345 , sold the Recever for $70 and the Remote for $60 Profit $375
Dell Desktop w/ 24 inch Monitor: I kept the monitor and sold my old one anyway I bought it for $250 and sold it for $350 to a friend. $100 Profit
Dell dimension w/ Computer Chair (Very nice executive chair) paid $100 sold the dell for $200 and kept the chair! $100 profit
Brother 3-in-one color Laser Printer ( I was gonna keep this!): Bought it for $50 sold it for $200 : $150 profit
65" Rear Projection TV: Bought it for $185 sold it for $300 I just put this back on CL! $115 Profit
Rock Band II basically everything brand new $45 sold $100 $65 profit
Garmin Nuvi: Paid $60 sold for $120 = $60 profit
I am very aggressive with my offers sometimes I get items as low as 45 cents on the dollar.. I NEVER go above .70 EVER if you do, you risk breaking even or losing money on the deal.
I can go on and on, over the last 2 years or so I've prolly made $15 grand just like this. I will only do this when I need quick cash. It requires persistence when making offers, more people will say no then yes.. and it requires a little bit of time, that's all.
Well, I hope atleast one person on here finds this post and is able to Make some Xtra E-Z Money!
Sorry if it's not IM but heck, maybe you can setup a "I BUY YOUR JUNK" website, buy it, and resell it!
Best of luck, I will answer any questions people may have.