How To Sell Something on Craigslist and Make Money

I’ve never sold or bought anything off Craigslist before. This is my first experience from registering on Craigslist and selling a guitar. Here’s how to sell something on Craigslist and make money.

1. Go to Craigslist

Start by googling craigslist and your city (Denver for me). Your first google result will be the right Craigslist page. You can also go to Craigslist.org and select your city, but I find google did it faster for me rather than navigating their website. When you first get to their website, keep in mind its set up for buyers. You’ll be given options to search categories like “for sale items”, “housing (apartments)” and “jobs” and others.

2. Post to Classifieds

  1. You’ll see a “Post to Classifieds” on the top left of the website.

    post-to-classifieds

    Craigslist Homescreen

  2. You’ll be asked “What Type Posting is this?”. This is to categorize your posting, should it be a “Job Wanted”, “Apartment Vacancy” or “For Sale by Owner”. Since I am selling a guitar, I choose “For Sale by Owner”.
  3. You’ll then be asked what type of item you’re selling. Again this is to help Craigslist decide where to place your ad. I choose “musical instruments- by owner”.
  4. Now enter your contact info and product description. This will be different for different items you sell, but same general idea.craigslist-for-sale-by-owner-form
    1. Contact Information – You really only need your email. They ask for your phone number, but I didn’t provide it. I figured if anyone wanted to get ahold of me, they can email me. It’s the same as texting which pretty much everyone does anyways. Especially anyone using Craigslist.
      Craigslist does a neat email thing where whenever someone sends you an email through Craigslist, it goes through a Craigslist server and hides the sender’s actual email. You’ll see a long string of characters for their email. When you reply, it’ll go to the right person, but this way, you can communicate without people seeing your email address and them seeing yours. Craigslist calls this “CL Mail Relay”. I used this option. (See email screen shot below)
    2. Product Description – Personally I kept this short and simple. People don’t need a long description. My entire description, as you can see from the screen shot below, is pretty short. Just make sure you use the “Keywords” you think people will be searching for, in your product title and description.
      You’ll also want to add a product price. Just do a simple search for what your item currently sells for new and compare it’s condition and what others are selling similar items for. I listed $100 for my guitar. Remember people use Craigslist to find bargains.
How To Sell Something on Craigslist and Make Money

How To Sell Something on Craigslist and Make Money

3. Responding to Potential Buyers

I had 6 people respond by email that they were interested. These 6 people responded within the first week it was posted. It seems after a week, your ad will get buried by newer post.

  • One person just sent me email telling me I was dumb for selling my guitar. I deleted their email.
  • Three people just had simple questions about the guitar and that was it.
  • Two people wanted to meet to see it in person. (email below)

 

craigslist-email-jennifer

Potential Customer Email

4. Meeting with a Potential Buyer

Everything I’ve read online, always meet someone in a public place. You don’t want to be creepy and don’t want to meet creepy people.

After emailing back and forth with a potential buyer, we had to reschedule once because her work schedule. It was girl because her she signed her email with her name, Jennifer. She was buying the guitar for her mother. That seemed neat. I suggested meeting in the lobby of my apartment building downtown. It’s a nice lobby and public place so she would feel comfortable.

She arrived with her mother and daughter, either because she felt more comfortable with someone else or because the guitar was for her mother. Her mother inspected the guitar, had a few questions which I answered honestly. Then after 10 min of chatting, she asked “what was the lowest I’d sell it for”. Which was an interesting haggling tactic to see if she could get it cheaper. This could potentially work, but I just said the advertised price “$100”. She then provided me a $100 bill.

I could have been skeptical at the large bill, but it looked legit and I had no reason think it wasn’t. That was it. I went up stairs with my $100 bill and they left with the guitar. The entire process was akin to selling a fruit rollup to a classmate in the school cafeteria. It was easy.

100dollar

Final $100 Bill

 

What Happens if You Invest that $100

Since Wallet Squirrel is all about earning extra money and investing it, let’s see what would happen over 20 years if you invested that $100 in dividend stocks. Let’s assume 7% Market Average with a 3% dividend.

  • 1 Year
  • $110.14
  • 5 Year
  • $159.25
  • 10 Year
  • $244.54
  • 20 Year
  • $537.35

Hopefully this helped to explain how to sell something on Craigslist and make money. Will I do it again? Hell yea, it went so smooth and hassle free that I want to sell more items. I have a whole box of Pokémon Cards, anyone want them?

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8 replies
  1. Financial Slacker
    Financial Slacker says:

    Thanks for this.

    I had a friend who ran a little side business buying and selling stereo equipment on Craigslist. But I’ve never sold anything on Craigslist either. This might just be the motivation I need.

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Yea from this experience I’ve been blown away with how large Craigslist is. It was so easy selling something that I can totally see how someone could buy and sell stereo equipment on Craigslist. Once you set up a process for yourself, it’s golden from there.

      Thanks for visiting!

      Reply
  2. Mustard Seed Money
    Mustard Seed Money says:

    I love Craigslist!!! It’s super easy to use buy and sell things. My wife and I have been checking out the free section for years and have been able to find some really awesome things. We basically furnished my son’s room and closet with free items from Craigslist.

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Nice! I didn’t even know there was a free section till you mentioned it here! Thanks for sharing. I just checked it out and find a bunch of box springs/mattresses and old box tvs. I’m sure new stuff is listed daily. I’ll have to check it out every once in awhile to see what’s new. It’s just really cool to see what people are giving away.

      Thanks for stopping by and sharing something cool!

      Reply
  3. Mike H.
    Mike H. says:

    I’ve bought and sold plenty of music equipment on Craigslist before (but not much other stuff). Wouldn’t be my first choice as a side gig. There’s a lot of “noise” in the process: scammers, lowballers, the people who email you once and then never respond again, no-shows, etc. You get better at filtering it out after a while, but it’s a lot of touchpoints per sale. Also, it’s heavily dependent on where you live: in my city, your ad will be buried within 48 hours, so you have to keep renewing.

    That said, I browse Craigslist regularly, just in case something catches my eye.

    Reply
    • Wallet Squirrel
      Wallet Squirrel says:

      Music equipment seems to be a big one on Craigslist. I’m not sure I own enough stuff to make it a side business, but I understand how some people do it.

      It was a really fun experiment to try though.

      I just never used it before and I was blown away by the scale of it. There is so much stuff going on, being sold and bought through these communities. I’m really glad I tried it. =) Glad it’s worked out for you now that you have a system down!

      Reply

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