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[Method] Simple Classifieds Market Manipulation

Discussion in 'Making Money' started by BlackZed, Feb 24, 2014.

  1. BlackZed

    BlackZed Newbie

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    While this may be nothing new, nor proprietary, it is a method that I have not seen here nor heard of elsewhere. And I am currently making about $500/week. This could be more but my availability doesn't allow me to do so with my 23 credit hours.

    This is my first method posting, so bare with me.

    This is the method I use:
    1. Open up classifieds in your local area
    2. Find items that few people are selling
    3. Make a few identical posts to that specific item. Say one "brand new" one "opened but still new" and another "used." (These are obviously fake and you have not intent on selling any of these) I would suggest creating an account with an email you will never use again.
    4. Price your posted items like this... the "brand new" selling for about what others are asking for their used ones, and then keep bringing the price down to the "used" one you're posting at what you want to pay for that item.
    5. Start emailing/calling/texting those people saying they're asking too much and you are willing to pay what you put on your used ad.
    6. Go meet this schmo and buy his item at your discounted price.
    7. Go back home and delete all of your deflated pricing ads.
    8. Post new ad with your recently acquired item at actual market value. Or if you'd prefer to deal with eBay then there is that route.
    9. Sell item to some random person and make profit.

    Rinse and repeat. (To make the repeat easier if you had made posting on that specific item before you can go to your history and repost them)

    I don't really know how to make the method sound pretty but I will explain my current hot selling and buying product with method.

    I am currently buying computer monitors. These are great as people are buying them and there are enough models from each brand to only have 5-10 postings selling that exact item. So, I will search the model number of say a 27" Samsung monitor. I will see what people are asking for it and check the value on eBay sold also (this is key if you can't sell it in classifieds then you can always resort to this and still not lose money). I will then make anywhere from 1-5 postings to make the seller think that the market value isn't what it actually is and offer them usually 100 dollars less than what they're asking because "those other people are selling a brand new one for your asking price and someone else...." I hope you get the point on that. About 1 out of every 4 people will deny me and tell me they'll sell it on eBay then but those other 3 will sell me the item. I then return back to my ads, delete them, and post the item I just bought up for sale at the actual market value.

    What you are doing is making the lazy people of classifieds think market value of an item is $50+ dollars less than what it actually is, buying it, and selling it.

    Back when iPhones first came out, I had taken a loan from my parents and did this all day. I was making so much money it was stupid. I then implemented the jailbreak/unlock to the phones and was making even more. Now, I am not making the same with this product since I don't have the time to dedicate to it as I once did but I know the potential.

    REMEMBER that this works well for broken items too. I sell all the broken items I obtain on eBay as it sells quicker and a lot higher than you would get on classifieds.

    If you have any questions post here.
     
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  2. unknown00

    unknown00 Regular Member

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    funnny but too much work for me....
     
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  3. sashablack

    sashablack Elite Member

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    def a lot of work, is $500 per week pure profit?
     
  4. umarfatih

    umarfatih Junior Member

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    Everything involves local client require lots of work my friend but you can build nice relationship with them in this way
     
  5. fhilosophy

    fhilosophy Newbie

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    So is craigslist your main avenue for this?
     
  6. BlackZed

    BlackZed Newbie

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    Yes, work is required for this one. I do net about $500 profit per week. I make about $75-150 per sale. I usually do about 5-7 sales a week.

    It does require a bit of work. But not too crazy, I do about 30 minutes of posting per buy.

    CL is my main avenue for this, yes.
     
  7. uncutu

    uncutu Power Member

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    Creative method. If it's too much work for some of you to make money with, it's a surefire way to get a big discount on the next thing you buy for yourself on a classifieds site.
     
  8. royserpa

    royserpa Jr. VIP Jr. VIP Premium Member

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    Really good method.
    I know down here in mexico this would be crazy but i need money :/
    I will def try this once i get some money roll in.
     
  9. BlackZed

    BlackZed Newbie

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    This is true!

    I always use this method to update my stuff for free pretty much. Just a couple weeks ago I had wanted a new Mac Mini and bought a brand new one that a kid got for Christmas and sold my old one for $50 more than I bought the new one. Pretty much got paid to get the newer product... idiots these days.
     
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  10. hateandbreak

    hateandbreak Supreme Member

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    Pretty sweet, great investment change for some good ol work. Do you use k i ji? I'm guessing you would use the biggest classified ad sites for better options and more product?
     
  11. deedee1whoa

    deedee1whoa Power Member

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    Hmmm, interesting. :) But it's pretty much just re-selling. Am I wrong?
     
  12. hateandbreak

    hateandbreak Supreme Member

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    ^ Pretty much, just off of people who don't know any better about their product and just want cash right away.
     
  13. BlackZed

    BlackZed Newbie

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    It is essentially just reselling but you are making them think that their product isn't worth as much as it actually is, so you get more profit...
     
  14. Zzzzz....

    Zzzzz.... BANNED BANNED

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    IT cant be said as a trick. The original seller might post ads overpriced and if you are not really good about what price people are really willing to buy it, you may be in trouble. Or even you can make loss on this. So does not seems a full proof method to me.
     
  15. gshag33

    gshag33 Newbie

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    Success with this is going to VERY much depend on your human interaction/sales skills, and also your region. I can see this working in smaller towns/communities, but it would be hard to pull off in large metros.
     
  16. gshag33

    gshag33 Newbie

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    It could also be argued that you'd have more success just calling people and low-balling the shit out of them until you get someone desperate that bites, and then you just flip it for the real market value. You never have to leave your sofa to do that...
     
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  17. BlackZed

    BlackZed Newbie

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    That is why if I am ever unsure I check eBay sold listings to see what they are going for on there and base my price from there and if worst comes to worst there is always that route for selling it.
    I am in Phoenix, Arizona and I am doing it pretty darn well. So I think it works in any area really. The main focus is finding something with lots of models, such as TVs, Monitors, computers, printers, scanners, microwaves, etc... Honestly I only send them a text saying that I have found it lower but they're located closer, offer the price I will pay. If they say where did you find it lower I will just send them links to my postings that I just posted. Most of the time people don't want the item anymore and just want cash so they don't consider doing much research.