I have been bootstrapping cash on craigslist for the last 2 years. I have found a good market in flipping certain items and not so much in other areas. Some of the good items I have found to flip have been motorcycles and cars. However there is a problem when it comes to the titles. It is not good to float the title and sometimes the buyer has a problem with it. Its always sketchy and stressful. But the profit margins are usually great. The other problem I have run into is picking up the cars. Its not really a one man task. You need a driver and often times nobody is around when that BIG deal comes up. You will not have this problem with the bikes. This is the reason I have moved to flipping bikes. However you will need to invest in a pick-up truck.
Are electronics worth flipping? I have heard people making fast profits on items like cell phones. However this market scares me a bit. You can get stuck with something bad real fast. For example, Stolen items. How do you really know if the phone your buying is stolen? It seems like a big gamble and a real fast way to lose $300. On the other hand these items move FAST. Especially apple products. This is important. Many times you buy something and end up waiting months for a buyer. Its similar to stocks. You want something people have high interest in. If there no buyers you are going to end up stuck with something you don't want. The market predicts value.
Collectibles: I have found big sports card collections for cheap money on craigslist. This could be a good idea with big profits if you have the time and patience to part them out on eBay. However the card market is pretty dead and many cards will not sell.
Jewelry: Find name brand jewelry. These can often be bought on CL for low prices. Often times after a break-up girls will put there jewelry on craigslist at cheap prices. They are selling on emotion. However this can be risky if you do not know the market. There are lots of fakes out there. I just bought a fake Gucci 3600 watch. Still cant sell it. I got burned so I am marketing it as a replica and nobody wants it. But I will not screw someone else over and market it as authentic. But that's all morals. To each is own.
Hope this helps someone here.
Add to the list if you have found any other niches.
Are electronics worth flipping? I have heard people making fast profits on items like cell phones. However this market scares me a bit. You can get stuck with something bad real fast. For example, Stolen items. How do you really know if the phone your buying is stolen? It seems like a big gamble and a real fast way to lose $300. On the other hand these items move FAST. Especially apple products. This is important. Many times you buy something and end up waiting months for a buyer. Its similar to stocks. You want something people have high interest in. If there no buyers you are going to end up stuck with something you don't want. The market predicts value.
Collectibles: I have found big sports card collections for cheap money on craigslist. This could be a good idea with big profits if you have the time and patience to part them out on eBay. However the card market is pretty dead and many cards will not sell.
Jewelry: Find name brand jewelry. These can often be bought on CL for low prices. Often times after a break-up girls will put there jewelry on craigslist at cheap prices. They are selling on emotion. However this can be risky if you do not know the market. There are lots of fakes out there. I just bought a fake Gucci 3600 watch. Still cant sell it. I got burned so I am marketing it as a replica and nobody wants it. But I will not screw someone else over and market it as authentic. But that's all morals. To each is own.
Hope this helps someone here.
Add to the list if you have found any other niches.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
