Where do you sell your used items? Garage sales? Ebay? Personally, I like to save money with Craigslist by buying and selling used stuff.
We needed to get rid of a few things recently and I posted them on Craigslist. Here are what I had for sale.
- $20 Baby Einstein Exersaucer – we purchased this saucer used for $20 and baby RB40 enjoyed it immensely for 4-5 months. Once he was able to crawl, he didn’t like being in the saucer anymore. I sold this one pretty quickly to a harried new mom for the full asking price of $20.
- $65 Canon 50mm f/1.8 lens – I got $60 for this one.
- $79 Canon EFS 18-55mm kit lens – This lens came with my camera. I upgraded to a nicer lens and figured I can get rid of this lens. This one took a few weeks, but eventually sold for $70.
- $149 Canon EFS 55-250mm IS lens – This lens also came with my camera. I did not like the bulk of this lens and I generally don’t take zoomed in pictures anyway, so I decided to get rid of it. I got $150 for this.
- $25 Lenovo laptop keyboard. Lenovo sent me a replacement keyboard, but it turned out I didn’t need it after all. This item hasn’t sold yet.
Craigslist has some good and bad points, but if you are patient, the good outweighs the bad. It’s one way to support the local economy.
Good Things about Craigslist
- It’s mostly local so you can meet the buyer/seller and check out the item in detail.
- Cash transaction is quick, easy and painless.
- Items move pretty quickly if you’re in a more populated area. I sold all the items except the laptop keyboard in a few weeks. I guess it’s not that fast, but I’m happy with it.
- I don’t have to mail the item. I don’t like to deal with the whole packaging, taking it to the post office/UPS, and paying to mail it. I’d rather do business locally.
- No fee to list. I’m cheap, what can I say?
- Buyers are flakes. Many of them do not show up or cancel at the last minute. I had 3 buyers change their minds on the kit lens. Now, I expect that kind of behavior and will sell to the first person who hands me cash. I won’t hold the item for the first buyer in line anymore.
- Buyers like to bargain. The kit lens buyer showed up with $70 in cash and I took it. Generally if you show up with cash, the seller won’t hesitate to sell their item to you.
- Safety? Some people are very safety minded and like to meet in a public place. That’s good, but it can be inconvenient. I try to avoid meeting people in their home, but sometimes it’s not possible.
- Limited market. You can probably make more money by selling on Ebay. I probably will have to sell the Lenovo keyboard on Ebay. That kind of specialized item will need a larger pool of buyers.