How to Make It on Craigslist

http://blog.priceonomics.com/post/16529584021/how-to-make-it-on-craigslist

by omarish • 14 years ago

269 172 14 years ago

blog.priceonomics.com

midas• 14 years ago

It makes sense intuitively that heavy appliances would be the most profitable. People don't say, "sure you can have my iPod for $20" but I could see them being willing to part with a washing machine for that price if someone would carry it out of their third story apartment.

adamc• 14 years ago

Yes. They will take a lesser fraction of the value in cash when there is a positive value in getting rid of it. Small items are easy to get rid of anyway (you could just throw it in the trash), and if they have value they may be willing to store them and wait.

My overall reaction to the article, though, was that he's doing a fair amount of work for a pretty so-so return, and it looks hard to scale it upwards. (That $1,000 for the week doesn't come with any fringe benefits, like insurance.)

josefresco2• 14 years ago

The way to scale it is to open a thrift store and increase his inventory on hand by buying in bulk.

dataminer3• 14 years ago

$1000 per week is actually quite good, remember this guy was unemployed and was getting occasional construction jobs so he didn't have any money and insurance in the first place. The experience he is gaining running a successful business also has a lot of value. I know a similar guy who started dealing in used items, after working for 25 years he is one of the biggest antique and scrap metal dealer in town.

chc3• 14 years ago

Lots of people do more skilled work for the same or less on oDesk or vWorker.

jfruh• 14 years ago

Median income in the West in 2010 was $53K, according to the Census Bureau (via Wikipedia), and since "the West" includes California I'm betting it's lower in Portland. Considering he says he's only working 25 hours a week, 1,000 a week is pretty darn good, even if he does have to pay for health insurance.

roseburg16• 14 years ago

It definitely will take a lot of work to scale it, but I think it can be done. I could probably be watching 3-4 cities at a time fairly easily. Portland has a very active Craigslist community and I have a lot of down time waiting for new ads to come up. On the other hand, if I'm always at the computer, I lose a good chunk of profit on items I have someone else pickup, so I have to increase volume to make up for it, which is not always easy. I'd love to hear your thoughts and suggestions, as this is my main hurdle I'm facing right now.

kalid• 14 years ago

I'm curious how he's able to move giant appliances / half-ton loads of steel out of people's homes by himself.

aeeeee• 14 years ago

I'm thinking he gets a little bit of free labor out of his kids :)

dataminer3• 14 years ago

Hand truck http://en.wikipedia.org/wiki/Hand_truck is a very simple machine and is part of any movers toolkit.

roseburg16• 14 years ago

I have a really solid aluminum hand truck with stair skids on it. Most appliances weigh less than 250 lbs (I would guess average would be 175-200 lbs) and I'm able to move even the heavier ones up and down stairs by myself (not always easy!) It can be pretty physically demanding work sometimes, and I will ask questions to find out how difficult it might be to remove/deliver an appliance and bring help if I need it.

joshuahedlund• 14 years ago

I didn't see any discussion about the cost of driving around town all the time to pick stuff up. Still, depending on his average distance, if he averages three items per day he might not be much worse than a lot of people's average commutes.

roseburg16• 14 years ago

The van I drive, a Toyota Sienna, gets pretty good gas mileage . I factor distance/time and what I will be able to sell the item(s) for before pulling the trigger. I listen to music and relax while driving around. I avoid rush hour traffic if at all possible. I drove approx 15-20k miles this past year picking items up and delivering them. It's by far the biggest cost. However, that's pretty much my only overhead, as I sell the items out of our garage/house for now. (I've gotten pretty good at knowing what will sell and what won't, so I stay away from items that I will have to sit on for a while or are difficult to store.)

redsymbol• 14 years ago

The greatest part of this story is what Ryan accomplished personally. From reading, he went from someone who consistently had great trouble professionally, to someone who is successfully able to support himself and his family financially.

Ryan, if you're reading this, congratulations! This appears to be a major personal accomplishment and milestone for you. Best of luck as you grow into your next level of success.

roseburg16• 14 years ago

Thanks! Appreciate it.

mey• 14 years ago

Personally I've always considered craigslist to be sketchy from a buyer or seller point of view. Since I live in Portland, I'll keep you in the back of my mind if I need to get rid of anything I don't have time to handle myself. I'd rather work with someone trustworthy then deal with the unknowns of craigslist.

(Welcome to self branding. :) )

larrydag• 14 years ago

I also like the part where Ryan sought out mentors and advice from people he trusts. There is no need to tackle your problems alone. Listening is a great virtue.

iterationx• 14 years ago

Shouldn't post stuff like this, it invites competition.

josefresco2• 14 years ago

The concept isn't new, and the competition is already there both for the scrap metal market and buying/selling people's unwanted crap.

dataminer3• 14 years ago

Yes, but if you dig a little deeper, this guy is also running a blog. Stories like these raises his blogs profile and if the story gets picked up by a news outlet that can do wonders. With enough following he can write a book, publish articles in news papers or in very extraordinary case start his own reality TV series. History channel runs a popular TV series called American Pickers following two people who go around buying and selling antiques.

molecularbutter2• 14 years ago

Like sharing any other business idea you mean?

swang• 14 years ago

Most people aren't motivated enough to compete. They might start but they rarely go through with it.

roseburg16• 14 years ago

Exactly, I'm not worried about raising up more competition. A very successful business owner friend of mine said the same thing to me when I first ran it by him.

vellum• 14 years ago

This. It takes a lot of work to follow up on leads for 20+ hours/week and lug around heavy items.

thinkdevcode3• 14 years ago

> I started the year with almost nothing and ended with a used van, a new utility trailer, less debt, fully paid bills and money left to take the family to Hawaii.

> less debt > family to hawaii

Something does not compute here.

chc3• 14 years ago

I think you're missing a variable that equals "Having zero debt at all times is not everyone's highest priority".

thinkdevcode3• 14 years ago

Let's rephrase your statement:

"Paying back on things you've already purchased with someone elses money is not everyone's highest priority"

Now we take this statement and multiply it by 34 million, and we have the reason why America's total US consumer debt is 2.43 trillion.

I dont mean to nitpick, but I get really annoyed when people do extravagant things when they can't afford it.

rkudeshi• 14 years ago

Instead of paying off the debt in full, he used some of the earnings on a vacation.

But he says he sold some stuff in Hawaii, so it's very possible the trip didn't cost him much or anything at all.

sejje• 14 years ago

Yes it did. Do you see why?

josephjrobison2• 14 years ago

Maybe he was given the trip to Hawaii for free or got it at an amazing deal, plus he said he's doing deals in Hawaii on vacation so he'll probably have a good portion of the trip paid of from his working vacation. Plus you can't measure the boost in happiness and a new perspective of the world that this trip to Hawaii will have on his business.

He might see ideas and get new perspectives on things while on vacation in a new land that he otherwise would not get while at home in work only mentality.

ctdonath3• 14 years ago

I have a mortgage, yet go on vacation and buy nice stuff. Debt is OK if used wisely, paid wisely, and does not impose economic jeopardy (i.e.: net assets vs. net debt).

roseburg16• 14 years ago

More context. Paid cash for the van and the utility trailer. Paid off a good chunk of debt on top of those big purchases and didn't use credit at all this past year.

Hawaii: We used to live here, and have spent the past few years saving for this trip. We came to see friends that we haven't seen in 4 years. They are meeting two of our children for the first time. Airfare: $400/ticket round trip purchased months ago at the lowest price of the year. Van: Our friends are letting us use their van for free for all 16 days. We are staying at three friends houses while we are here, also free. Our expenses while here are food and gas. Everything else we are doing here is free, surfing, swimming, snorkeling, hiking, going to the lava etc. The entire trip is costing us less than $2,500 for our family of 6 to fly to Hawaii and spend 16 days with our friends. I've saved money money on just about everything. I'm not sure it's possible for this trip to have cost any less than it has. We valued this trip over paying off a chunk of our debt for many reasons. Having money and being debt free is important to us, but recognizing that being debt free is a few more years out, we saved and paid cash for the trip. The rest, sunshine, body boarding and time with friends is worth a lot more to us than the money.

molecularbutter2• 14 years ago

Interesting story, it's fascinating to see what people are doing to make ends meet in the new economy.

Similarly, I know someone who makes well over $100,000 a year buying, fixing, and reselling things on Craigslist and eBay. They found a very specific (and obvious) niche that is highly profitable to be in, I imagine if this guy specialized more he will see greater returns as well.

lancewiggs• 14 years ago

This. Becoming the regional, local, or global expert in a tightly defined niche is a great way to lock in high margin revenues.

mahannay• 14 years ago

It's very impressive that he's able to earn so much money and support his family via Craigslist, but I can't help but think about how useful (or not useful, really) his job is for the overall economy. Basically, he's another middleman - buying goods for a low price and selling them higher. Without him in the picture, buyers could have purchased their items for less and saved money. I just don't see how this job adds a service to society.

tocomment• 14 years ago

Well, he is delivering them, and taking old appliances away when he delivers them. There is a lot of value in that.

He is also adding "liquidity" to the "market" by immediately buying new listings, and holding them for a few days until the right buyer comes along. Without someone like him the seller would have to wait several days to find the right buyer.

jccc7• 14 years ago

I doubt very much that sellers would appreciate this liquidity "service" if it were spelled out for them. They would feel cheated, as would the buyers.

mistermann• 14 years ago

Not to mention, when i give something away on cl, I'd like it to go to someone that needs it, not a wheeler dealer parasite living off the goodwill of others. Imho

driverdan2• 14 years ago

The reseller needs the money he makes too. This guy was clearly in a bad situation when he started and being a "wheeler dealer parasite" provided for his family that needed the money.

How is this worse than someone who needs the item getting it for free?

icebraining3• 14 years ago

Nobody forced you to give him the stuff. As long as he's not lying about what he does - and we have nothing to indicate that he is - the seller is free to make that decision for themselves.

roseburg16• 14 years ago

Respectfully, I would encourage you to find someone personally to give your item away to. Craigslist is not a charity, it's a marketplace for people to buy/sell goods. Giving away an item on Craigslist is like throwing bread to ducks at a duck pond. If you indiscriminately throw bread up in the air at a duck pond, would you blame a squirrel for coming by and snatching a bagel every once in a while?

lurker17• 14 years ago

It's low-end Goldman Sachs market-making. Tinman Sachs, maybe. Not extremenly different from panhandling. It's definitely abusive of the Craigslist community.

Blah blah "price discovery is a service in a free market blah blah" does not apply to Craigslist.

There are a few ways a job like this could be ethical and productive, respecting the hippie community culture of Craigslist but improving efficiency in exchange for a share of the profit, instead of merely siphoning gains out of the system:

* Buy items that fail to sell (perhaps because they are geographically remote), and resell them from a more accessible location. http://craigstruck.com is a variation on this model.

* Buy junk, fix it up, resell it. ("Upcycle"/ "speculative repair work"

* Take good stuff that doesn't sell, and re-market it better.

[0] "spec" is a funny auto-antonym: "Speculative" or "to specifictaion"

pavel_lishin3• 14 years ago

> Not extremenly different from panhandling.

I want to say you're wrong, but I'm not even sure how you reached this conclusion.

> It's definitely abusive of the Craigslist community.

How so?

pavel_lishin3• 14 years ago

> Without him in the picture, buyers could have purchased their items for less and saved money.

And yet, they didn't. The items he's selling are still cheaper than they would have been brand new, and he's in effect connecting people with items they want, for cheaper enough for them to afford them, for a relatively small fee.

You ought to rally against real estate agents, brokers, etc. harder than against this guy.

jccc7• 14 years ago

Real estate agents and the like bring an awful lot of time, skill, experience and special knowledge to their problem domains that their clients don't have. What does someone like this Craigslist middleman contribute?

Do buyers and sellers go to this man the way people go to real estate agents for their services? What would Craigslist buyers and sellers think of what he does if they knew about it? Respectfully, I think they would strongly prefer he weren't interfering.

awj2• 14 years ago

Considering he's getting these items off Craigslist and turning around to sell them on Craigslist, the only reason people aren't saving money is that they aren't beating him to the initial purchase.

Well, that and managing to ferret out poorly displayed/marketed items and re-post them with better advertising. That is a valuable service, but I'm not sure how much of his activity can be meaningfully characterized as doing so.

roseburg16• 14 years ago

People appreciate me being prepared to remove their appliances without damaging their house, showing up on time, paying cash, and often times I will buy all their appliances (and other items they might be selling). Sellers appreciate me cleaning out the appliance, changing out 220v power cords for them, delivery and setup of the appliance as well as the price, which I usually set at just under the going rate. Many times people will come to me asking for me to find a used appliance for them and want me to deliver it. Buying on craigslist can often times be like buying a used car. You never know who your dealing with. One of the skills I've picked up is how to read between the lines on craigslist ads. If you don't know what your doing, it can be quite a frustrating experience.

maxerickson• 14 years ago

You should certainly pay more attention to your repeat customers than to the internet people stating that removal and delivery are worthless.

mattm• 14 years ago

What? This is pretty much what every single retail store does.

jseliger• 14 years ago

Exceedingly useful. He's providing important information to the market and matching buyers and sellers who otherwise wouldn't have met each other. There was a recent Econtalk podcast with Mike Munger on this subject: http://www.econtalk.org/archives/2008/10/munger_on_middl.htm... , in which Munger and the host, Russ Roberts, discuss the role of middlemen and making markets.

Without him in the picture, buyers could have purchased their items for less and saved money.

Without him in the picture, buyers might not have found the items and wouldn't have the benefit they think buying the items at all will give them. He's doing a major public service.

DustinCalim2• 14 years ago

This is a cool article; it will be interesting to see how it scales up going forward.

I also spend a lot of time on craigslist, and this extension has saved me hours and made browsing much more efficient:

https://chrome.google.com/webstore/detail/aikbdokcmcbbeaadpd...

Chrome only though :(

kin• 14 years ago

People also used to do this with eBay. I also sometimes sell on Craigslist but I work full time so it has to be larger scale. Sometimes I buy event tickets and sell them on Craigslist for a profit if I know there will be high demand. The profit margin is typically at least 50%. And I make at least $100/ticket for simply printing a piece of paper and meeting someone at Starbucks.

jeffclark• 14 years ago

I do the same thing with tickets. And since I can make Internet, I made a site to handle accepting the payment and getting them their PDF ticket: http://www.boxrowseat.com

Made selling on CL about 1000x easier :)

huuleon• 14 years ago

This encourages me to try it out in my area. I would like to see how much i can make if i try it part time if possible.

sebphfx• 14 years ago

even with electronics built with planned obsolescence in mind, it's doable somehow to fix them. My uncle will fix things like mini-stereos by ordering the parts, something that most people don't think about doing. It's easier to buy a new one.

fasteddie310032• 14 years ago

I made a tool that does something a lot like this that uses machine learning algorithms. I gave up on it a while back, but give it a look. http://ec2-184-72-247-63.compute-1.amazonaws.com

I called it Eds-list

JOnAgain• 14 years ago

Seems to find all the fraud listings pretty well

fasteddie310032• 14 years ago

Yea I found that fact too. I imagine that the fraud values are outliers which my algorithms think are good values.

_delirium2• 14 years ago

The predicted numbers seem way off to me based on spot-checks. For example, I searched for "chair" in NYC, and for a number of normal office chairs listed at $30-50, the "Ed's list" price predicts that they're really worth $180-500!

joeblossom• 14 years ago

I did this in college, however, since graduating and getting a full time job I've quit.

I mainly stuck with electronics, and even then it was mostly TVs. I found that I could very easily purchase TVs for $100-$200 less than what I could sell them for.

It was fun, and I've seriously considered doing it on weekends again, however now that I live in a large city (Atlanta) I feel like there is a lot more research that has to go into an item... Mostly because people from an hour a way from the city center will claim they are within the city and so on. In college I was in a city of 150k people, and could get to the outer "suburbs" in at most 30 minutes.

My current TV was one of the first 1080P 50" Plasmas... It still works perfectly and looks great. I bought it from a couple for $750. (Bought with the profits from selling buying and selling TVs)

gerggerg• 14 years ago

I really dig his attitude and sense of accomplishment. Who'd a known a pawn shop with free pickup would be so successful.

redthrowaway• 14 years ago

I wonder if it would be possible to scale the business. If you wrote a script that could flag potentially lucrative items for manual review, you would likely be able to cut out much of the searching, allowing you to target CLs in multiple cities. If he's making $38/hr in one city, he could hire someone for $18/hr in another to drive around and pick up / drop off items and pocket the $20 difference.

I'd be interested to see how well this would work out.

r00fus2• 14 years ago

As he mentions several times in his posting, time sensitivity is critical. Minutes, even seconds can make/break a deal... automation may be much slower than a human who's constantly scanning.

Furthermore, it's clear that it's not just "pickup" and possibly "delivery"... the author is making a clear buy/sell/bargain decision on the spot... what happens when the pickup results in a fraudulent item?

Clearly this means that whoever is driving around needs to be trained, and once trained, can be your competitor (I see few barriers between a trained pickup-person and the author scanning craigslist)

Kudos to the entrepreneurial spirit here, but I highly doubt it's scaleable.

driverdan2• 14 years ago

Now he just needs to scale it. Hire a few people to go out and get the items, use software to help filter new leads, branch out into related areas.

unreal37• 14 years ago

A nice story. This guy found his inner "hustler" - hustler in the positive sense.

I sell a lot of items on craigslist, and I have no problem with the idea that someone bought it from me to resell it because I underpriced it. Hell, if someone threw what I gave them in the garbage, they can do that too. I no longer want the item, I got what $ I asked for it, and I'm out of the equation.

The only thing I'd have a problem with is if someone contacted me with a sad story about being broke, student, unemployed, sick child, or something, and asking for a discount. And I find out later they lied. That's where the ethical line is for me.

roseburg16• 14 years ago

I'm straight up with people. Sometimes people will pick up on the fact that I'm not the average consumer joe buying their appliance and they ask what I'm going to do with them. I tell them and no one has ever complained. I show up on time, do all the work myself, pay cash, and people are almost always happy. I've actually got a lot of repeat business from buyers that felt I treated them right. One guy turned out to own a large apartment complex and ended up buying 30-40 appliances from me this past year.

josephjrobison2• 14 years ago

He's got the spirit of a hustler and the swagger of a college kid. I love stories like this of people doing not ground breaking jobs and just hustling and making it happen.

I work in a high skilled tech job that requires lots of thinking and analysis, and sometimes I over think and over analyze everything I'm doing, which is why I think I admire a job that requires pure hustle. Not saying that's my cup of tea to do full time, just something that I could apply to my everyday job to make me more productive and focus more on doing than analyzing!

roseburg16• 14 years ago

Thanks man. Sometimes I over think things, or am too cautious. Out of 600 or so buys that I made this past year I would have probably been better off being a little more aggressive and taking a few more risks.

I've learned more this past year of grinding it out than from all my years of school. (and some college) Thanks for the comment!

DustinCalim2• 14 years ago

I don't see why some consider this unethical and abusive to the CL community. It's just arbitrage; same as in Foreign Exchange markets. It tends to pop up because values are just opinions and to forget that leads to misdirection.

InclinedPlane• 14 years ago

It's not just arbitrage, he's providing pickup and delivery services as well. That alone is valuable.

rb2k_3• 14 years ago

That's exactly what I was thinking reading the post. It's nice that he is able to make a living and support his family, but he does that on the back of people looking for things on craigslist without providing anything of value (besides maybe transportation). The bad part is that I'd assume people buying things of craigslist tend to be on the lower part of the income spectrum and he's charging them more money by "playing the market".

Does he actually tell people that he's just going to resell whatever he picks up? I'm sure there might be some people that are uncomfortable with that.

DanBC2• 14 years ago

Plenty of people just want to get rid of stuff. They need the room or they need to move and they don't care what happens to it. If this no-one takes it it'll go to landfill.

He's providing a service to them. He takes the stuff away, and doesn't charge them to do so. He might even give them some money. (Compare that to hiring a dumpster / skip.)

vidarh2• 14 years ago

Frankly, personally if I knew someone like this locally who I could call to dispose of old appliances etc. and get a little bit back for it, and who was trustworthy and I knew would do pickup, I wouldn't bother with CL even if I knew there was a difference.

Someone who appears trustworthy + guaranteed quick turnaround would be worth the difference in return for me - I've disposed of old appliances by paying a removal company to take them away on more than one occasion because I didn't want to deal with the hassle of something like CL even if it meant I might make some money back.

I think in the long run there's a lot of opportunity for repeat business there from people who don't need to make the most cash out of the sale as opposed to either make it quickly or just want to get rid of the item without fuss.

senthil_rajasek• 14 years ago

On a related note, I read this news article about "Craigslist robberies by appointment..."

http://abcnews.go.com/blogs/business/2012/01/craigslist-robb...

dangrossman6• 14 years ago

This sounds like a mess to keep proper tax records for. Assuming nobody's giving receipts on either side of the transaction, how do you keep proof of what price you paid and what price you sold for? Audits aren't that rare.

paulhauggis• 14 years ago

what about other cash-only businesses like a barber shop?

dangrossman6• 14 years ago

Every one I've been to has a POS computer/register where they enter every sale, no matter how it's paid. Enter the employee ID of the person that did the cut, the service, cash tendered, money drawer opens, provide change if applicable, offer receipt. Same as any other legit business.

kevinpet• 14 years ago

Presumably the email would cover some of this. Records don't need to be something out of CSI, you just have to have them.

dangrossman6• 14 years ago

I was just reading a long comment thread about craigslist on reddit yesterday. It seemed like most transactions take place over the phone, not e-mail. Whoever calls first at the right price gets the stuff, a good deal will be gone before the e-mail would be read.

dotBen2• 14 years ago

Not speaking for this individual in particular but in general its unlikely that businesses like this are going to report all of their earnings, are they? You can audit a cash business but with no receipts whole transactions never happened or have a paper trail.

I'm not condoning tax avoidance but remember most of the people on HN either earn six figures a year, will do in a few years and/or building startups that might be worth $millions.

This guy is making $15-30/hr, doing part-manual labor and has 4 kids and a wife to feed.

I guess it's a moral judgement but I feel less concerned if he was to not run all of his cash payments through his books compared to bankers and millionaires who put large amounts of money offshore to avoid tax.

dangrossman6• 14 years ago

At the same time, in that income range with that family, his taxes are gonna be 0-10% of his profits at most... without the threat of being imprisoned for tax evasion. If his "typical summer week" is his typical week all year, he alone is already earning more than the median household income for this country... lots of people are self-employed making similar income without benefits. Is it morally OK for a plumber to not report his income? An electrician? What's different about a CL arbitrage business?

roseburg16• 14 years ago

I already paid my taxes. Self employment taxes were a decent chunk. I keep records of everything. Just entered it all in a database.

squarecat• 14 years ago

Here, you're gonna want this: http://webcache.googleusercontent.com/search?sclient=psy-ab&...

nate• 14 years ago

I'm surprised it hasn't been mentioned yet, but roseburg, have you considered packaging up this wisdom you shared on this blog post as a class and make some money teaching? I'd think you could get a bunch of students to take at least a one session 2 hour class or something learning this stuff from you. Or even some class online. You could video some of the interactions you have on the phone and in person when doing the deals etc...

bprater• 14 years ago

Yerp, in this economy, I can see loads of folks willing to pay for your expertise in this. Make it an online class, teach folks over the phone.

ssharp• 14 years ago

What about operating in bigger markets, like cars, trailers, RV's, etc. ?

Or are those markets too competitive? Having sold cars on Craigslist before, I know that there are people who are offering low values, fast sales, shortly after posting in hopes of finding a desperate seller, so maybe these people make profit much less likely for a trader.

Kluny2• 14 years ago

Laws vary, but you can only flip a few cars a year, like a dozen or so, before you're required to get a dealer license. These generally cost thousands of dollars a year and come with a lot of paperwork overhead.

nir2• 14 years ago

I always wondered how much one can make by buying AC units on Craigslist in December and selling them off in June, in a place like NYC where weather gets very hot/cold :)

andrenotgiant• 14 years ago

I do that in NYC with bikes (buy winter, from people who made impulse buys in summer and have nowhere to store them, sell summer, to people making impulse buys.)

I think the NYC market has so many constraints and peculiarities (plus money!), its rife with these kind of opportunities.

int3rnaut2• 14 years ago

I really like your story man, and I'm glad you're succeeding but I just wanted to voice my opinion on one of the things you said-- "Back at home I immediately found out the cards were worthless. I had paid the kid $100 for the cards, and eventually pestered him". Even if the kid knew, I think it's wrong for an adult to come back and reneg on a deal with a child. There's a big power imbalance there. You seem like a great guy, I just kind of found that a bit unethical.

colton36• 14 years ago

I disagree. Letting the kid get away with this teaches that there won't be any consequences to questionable actions.

roseburg16• 14 years ago

Exactly. The kid was a junior in high school. I'm 30 years old. It wasn't like I was picking on some little kid. The sooner someone gets called out for stuff like this the better.

mapster• 14 years ago

If a kid acts unethically, its your duty as an adult to correct a wrong, and if needed, discuss the kid's actions with his parents.

int3rnaut2• 14 years ago

You know what, I agree but there's a right and wrong way to approach the problem, especially with kids. I mean that's why parents should be involved in the first place in situations like this.

tsmith• 14 years ago

The kid was old enough to engage in meaningful financial transactions. There's always _some_ power imbalance in any kind of meaningful transaction - that doesn't mean that the person on the weaker side has the prerogative to act unfairly.

dockd• 14 years ago

This is much more common than everyone here thinks. I posted a car for sale two years ago. My first two replies were people offering half my price in cash. While I didn't actually check with them, I assume they were dealers (self employed or part of a business) trying to buy something below Blue Book so they could sell it at Blue Book. It seems unlikely there are many people sitting around looking to buy any car as long as it was a "deal".

dmotz2• 14 years ago

I built a free webapp that may be useful for such Craigslist arbitrage. It constantly crawls Craigslist for search terms in your price range and emails you the results (instantly or in a daily digest):

http://lootlook.com

Barnabas• 14 years ago

Went to check it out. Pretty. I didn't see anything but yet another "create a login" screen, no sample of what the email looks like. Closed tab.

dmotz2• 14 years ago

Appreciate the feedback. No one likes blocking signups, myself included.

Trouble is, the app can't serve the user without having his or her email address on hand. I suppose I could rework the process so the user can give an email address after seeing how the interface works.

For those curious, the emails it sends are simple lists of links, sorted by keyword.

poorguy• 14 years ago

I find it interesting that you start off the article with a sob story about having no money and end with a vacation to Hawaii a year later. Shouldn't you be saving some of this and investing rather than spewing what would assumably be quite a bit on vaca? I am definitely not stingy and blow my money as I please, by my debts are dropping, investments growing, and I haven't(by choice) brought any hellions into this world to support that will need college tuition soon.

Sorry to be a Debbie downer, but it irks ne to see people who have their long term priorities all out of whack(and they usually have way more kids than they can support)

vidarh2• 14 years ago

Did you read the article? He has invested:

" I started the year with almost nothing and ended with a used van, a new utility trailer, less debt, fully paid bills and money left to take the family to Hawaii. "

At some point you need to make the decision to actually enjoy life too.

> Sorry to be a Debbie downer, but it irks ne to see people who have their long term priorities all out of whack(and they usually have way more kids than they can support)

Everyone hits tough times sometimes, but this is someone who clearly can support his kids, enough so that he's been able to afford investing in a van, a trailer, pay down his debts, and take the family to Hawaii. In that context this comment just makes you seem like an ass.

arjn2• 14 years ago

Nicely done dude. Happy for you. Go Portlander!

Cash37• 14 years ago

Congrats Ryan. You rolled up your sleeves and made it happen.

jebblue• 14 years ago

Good work man I think it's awesome that you've found something that works for you.

rockford• 14 years ago

Great post good for you for hustling to take care of your family. Lots can be said from various moral points of view however simply put he's taking care of his family and not drawing on struggling Federal and State governments (while actually paying his share).

A couple great points having grown up in the antique business the skill he's developed is the ability to know the local market (buy and sell-side) for a variety of local items.

Roseburg - a suggestion that may help you're right about a clean listing good pictures etc... However one interesting twist I've experimented successfully with is using Copywriting techniques to drive attention to your ads. Mainly I did it for practice but its seems to work well having helped sell the items far more quickly than previous CL sales I've done. I'm happy to share/email a few examples of ads I've written with you if they would help.

Not sure the best way to connect off the comments here (since I've just registered to leave this comment)

apw• 14 years ago

I admire this guy's work ethic, but I am a little uncomfortable with the fact that this post is pretty much viral marketing for Priceonomics.

Macsenour• 14 years ago

This makes sense to me. I bought a house full of furniture when I moved to North Carolina, all from CraigsList. Two years later I sold those exact items for a $300 profit.

92648• 14 years ago

I love the blg post. It's very inspirational and I emailed it to a couple of friends that might benefit from it.

Question: What about buying on Craigslist and selling on eBay or other listings? I use both at times and noticed that each tailors certain genres better. Do you do that or have an opinion on that?

ilija139• 14 years ago

Very, very inspiring!

CoryMathews• 14 years ago

Is he reselling them on Craigslist or somewhere else? I seem to be missing that part.

ExxKA• 14 years ago

Thats a really great story. Im glad you finally had success :)

How to Make It on Craigslist

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