When I first heard that people were making money on Craigslist, I thought it sounded like a lot of work to make a little spare change. After talking with a few pros on their strategy to make money on Craigslist, I learned a Craigslist business can actually make big bank.

I talked to six home-based entrepreneurs for this post, each one of them making thousands a month on Craigslist.

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This is the fourth of our 5-week series on ways to make extra money online. How to Make Money Freelancing and 9 Websites to Do It How to Start a Blog and Make Money Every Month How to Make Money Self-Publishing on Amazon How to Make Money Writing Online. Ebay used to be a more popular way to buy and sell, and a lot of people still run profitable stores on the auction site.

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Amazon is quickly becoming another popular site to set up an online store and earn commissions through affiliate sales. Want to know the passive income source that accounts for more than half of my six-figure income? Check out this post on making money blogging with affiliates. Craigslist is unique though in a couple of ways that makes it a great way to make extra cash without having to set up and market a store.

The profits on reselling are tight enough as it is, let alone when you have to share them with a third-party. While you can buy and sell from any Craigslist site, the majority of Craigslist businesses do their buying and selling at the local level. The best Craigslist businesses buy and sell quickly, hold little inventory and take everything in cash. Learn what it really takes to be successful and create a stream of monthly income from four sources.

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Find something on the site you can buy for cheap and resell it to someone else for more money. If this were all there was, everyone would be sitting online making money from their mansions.

These people have turned making money on Craigslist into a full-time job and offered some great ideas to get you started. Specialize in one specific product or group of products.

Making money buying and selling on any platform is about knowing the true value of a product. Focusing on a specific group of products like tech gadgets means it will be easier to pick out the deals quickly.

This is really where you are going to make your money on Craigslist. You may have to experiment with a few categories to find which is right for you. Unless you already know a lot about a specific group of products, start out with something small that is relatively easy to carry and store. Need some cash to get your Craigslist business idea going? Check your rate on a personal loan through PersonalLoans.

Create an Online Store to Sell your Products. Creating a basic website and online store is extremely easy to do and costs basically nothing. Learn to play hardball and when to walk away. Besides knowing how much something is really worth, knowing your way around the negotiating table will make you some good profits on Craigslist.

Most people avoid confrontation at all costs and would rather pay more than negotiate.

Get over this aversion quickly or find something else to do. Knowing what that fair price is will help you negotiate and get a better deal. People get emotionally invested in a deal, especially after spending a lot of time traveling and bargaining for an item.

Some people may try to take advantage of this by increasing their selling price or lowering their buying price. Cut down on Travel. Buyers are usually expected to go to the seller for Craigslist items.

Gas prices have come down but transportation can still really eat into your Craigslist profits. Any way you can cut down on travel will increase how much you bank at the end of the week. Staying local is the best way to avoid too much travel. This may be hard to do if you live in a smaller city. If you can negotiate a good deal over the phone, you might be able to get the seller to meet you somewhere that is more convenient and closer.

If nothing else, make arrangements to buy several items and plan one trip that cuts down on total travel.

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Most people that buy or sell regularly prefer to conduct their selling at a public location, maybe at the mall or outside a self-storage facility but not right outside their own storage unit.

They also do their buying and selling during the day.

Most legitimate buyers or sellers will understand your need for safety, for both of you, and will agree to meet in a public location. Check out our Work from Home Directory for five different home-based businesses you can start TODAY! Craigslist is mostly amateurs that want to get rid of random stuff filling their closet.

Actually putting together a good selling page can help attract more people and get a little extra. I have made a few hundred buying and selling items on Craigslist but never really spent much time turning it into a real side-gig.

To write this post, I talked to several people that have turned it into a legitimate business and make upwards of a thousand a week. You can make real money on Craigslist but it will take some work and some time to develop your skills.

Still stumped for how to make money on Craigslist? Check out these five business ideas to buy and sell online. A lot of people will just post things in the free section to get rid of it quickly. This can be a gold mine if you are willing to take the time to check the free section of Craigslist regularly. Be picky and only grab stuff you know you can resell for a decent profit. Do you know tech hardware? Can you make old furniture look like new? If you can buy used stuff and give it a little TLC to make it like new, you can make huge money on Craigslist.

Take a quick class on Udemy or at the local community college to learn how to rehab old stuff. Your side-job making money on Craigslist could quickly turn into a full-time money making machine. Craigslist is just the online evolution of garage sales so it makes sense that you should be able to use the two together. Since most garage sales get little traffic, people are ready to take next to nothing to sell their items.

Use this to your advantage to make money on Craigslist by buying at garage sales and then selling online. If making money on Craigslist is just a part-time gig then your truck is just going to be parked most of the time.

This one involves a little more work than the other ideas but can also make a lot more money. Put an ad in the services section of Craigslist for hauling and moving for free. Put that expertise to good work by teaching a course locally or online. Making money on Craigslist is an extremely popular topic online and your Craigslist course could get you out of the hustle-bustle of buying and selling. Put your Craigslist course on Udemy and they will market it for you! How do I make thousands a month freelancing?

What have you learned about your Craigslist business? Making money on Craigslist can be a legit way to make thousands a month and can turn into even more with a website to showcase your business. I've been working from home full-time since and wouldn't trade it for the world.

From managing five blogs, self-publishing and working as a freelance investment analyst, I love the freedom and control I have over my financial future. That's why I wanted to create this blog, to share what I've learned and pick up new ideas from the community. The 9-to-5 will never be the same! The Only 4 Rules You Need to Win the Stock Market Game!

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Return to top of page. My Work From Home Money. Why I Work From Home How to Work From Home Work From Home Blog How to Make Money Directory Work from Home Books and Courses. Post may contain affiliate links. How to Make Money on Craigslist and 5 Business Ideas Posted on May 2, Written by Joseph Hogue, CFA 2 Comments.

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Making money on Craigslist in is possible but you need to follow these tips for your Craigslist business When I first heard that people were making money on Craigslist, I thought it sounded like a lot of work to make a little spare change. Check out our prior three articles in the series: How to Make Money Freelancing and 9 Websites to Do It How to Start a Blog and Make Money Every Month How to Make Money Self-Publishing on Amazon How to Make Money Writing Online Why Make Money on Craigslist?

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Comments Ken Duncan says: June 22, at Big stuff sells; small stuff attracts small people and they drive you crazy. Joseph Hogue, CFA says: June 22, at 2: Most Recommended How to Make Money on Craigslist and 5 Business Ideas 4 Steps How to Publish a Book and Make Thousands a Month 57 Worst Blogging Mistakes and Why Your Blog Sucks How to Make Money Freelancing and 9 Websites to Do It How to Start a Blog Right Now and Make Money [Simple Steps] 3 Rules for Reinvesting in Your Small Business Making Money in Paradise with Seminars and Workshops.

Joseph Hogue, CFA I've been working from home full-time since and wouldn't trade it for the world. Check out these eBooks 1 Amazon Best Seller in Blogging! Categories Amazon FBA 6 Blogging 35 Craigslist 2 Crowdfunding 1 Extra Ways to Make Money 19 Freelancing 10 Income Reports 14 Other 9 Self-publishing 6 Small Business Success 5 Uncategorized 3 Work from Home Resources My Favorite Blogs Advertising and Privacy Policy Contact Us.

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