Now he has his range to work with. The process here is very similar to stock markets or basically any economic buy and sell model : buy low, sell high. Think of this side hustle as a series of short-term investments. He would look for people who were desperate to sell, looking for quick cash, or perhaps just a little ignorant of the actual value of the product they were offering. He would buy things on the lowest end of the spectrum that he could and then offer them up for sale on the higher end.
If possible, buy stuff when the supply is high and the prices have to be lower to compete, then sell when demand is high and the buyers are desperate.
Obviously, this is easier said than done. As in, buying an Xbox for less than market value is probably a better investment than buying an old carpet that some guy promises you are being sold for less than market value. The other main issue with this whole idea is scammers. My friend did have one negative experience that he told me about, although it was resolved quickly enough. This may be where his size and physical confidence came into play, however…. To make a long story short, he met up with someone in a parking lot, handed over the money, and they gave him a box which was supposed to contain some Bluetooth speakers.
As he began to walk away, he opened the box to check the contents. The box did not include Bluetooth speakers. He turned around, yelling at the seller before they managed to get back into their car, and ran towards them saying he wanted his money back. They sheepishly gave him back his money and drove off. As I said earlier, if the other party had had some sort of weapon on them, the situation easily could have escalated. Be vigilant when you shop! Kijiji offers an extensive guide to avoiding various kinds of internet scams.
I covered a lot of what they mention, but just in case, you should probably give this a read. Like I said, trust your gut! You can even talk to sellers and buyers for a while over email, as long as both of you are responding frequently, to help get a sense of their character.
Never agree to a buy or sell in some empty lot at night. It sounds like common sense, but some people will try to make you buy in weird places. Malls, public squares, busy fast-food restaurants, meeting at places like these will help keep you safe.
First of all, do the opposite of any of the red-flags I mentioned above. Make sure that you give the details that buyers would want. Be friendly and informative and have lots of pictures. Your goal is to make sure that no one will think that you have something to hide when they view your ad.
Without a photo from all angles, someone could think that you are trying to hide a flaw. Photos should be as high quality as possible, well-lit, and it can be helpful to take them in places that look lived-in versus something that looks like a stock photo from the web. Most cities have sections for Craigslist and Kijiji, and these days you can also find groups on social media for buying and selling.
I can forgive laziness in searching for comps when the seller also acknowledges the price gap after showing them. Live and learn. But sellers will sometimes get angry that people are offering market value.
I have receive many nasty emails from people as a result. Some items have been listed at the original asking price for well over a year and a half. They must be a treat in relationships! I have actually learned how to scan the descriptions for key signs that the seller is going to be horrible to deal with, and avoid them, even if I like the item and am willing to pay said price. Being a jerk may make you feel good, but it also allows you to hold on to those wonderful items you now can't sell.
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Micro Jobs. Finding a Job. Career Changes. Life Planning. What Is Kijiji? Here's how it works: In order to place free ads Kijiji requires users to create a username and password. Photo Tips: Use a contrasting backdrop to the item you want to sell to make it stand out see my examples against other ads Take more than one photo and highlight the qualities of your item form various angles Use photo editing software, crop, rotate, etc. Highlight information that may be attached to your item for sale, for example, labels, tags, etc.
You can even list your contactless transaction options as part of your Kijiji listing. Be very wary of anyone who offers to send you money before meeting you in person. Selling on Kijiji is designed to be a straightforward, easy experience. If you feel the potential buyer is hesitating to meet-up or trying to direct you to do something or move the discussions to another site or location, stop communicating.
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