WWW.DISSERTATION.XLIBX.INFO
FREE ELECTRONIC LIBRARY - Dissertations, online materials
 
<< HOME
CONTACTS



Pages:     | 1 || 3 | 4 |   ...   | 6 |

«INTERVIEW SERIES How I’ve Made Thousands Off Of Craigslist. Without Really Trying Dear Student, I’m Michael Senoff, founder and CEO of ...»

-- [ Page 2 ] --

Anyway, what I did is I secured the tables. I gave her $20 and I said, “This is a deposit. I want the display tables. I’m going to make arrangements to come pick these things up in the next day or two. I want them”. So I had an agreement. She took the ad down, so I knew those tables were mine as long as I can get rid of them.

What happened was, I was going to rent a truck, and Vivian and I were going to down, and we were going to disassemble them, put them in the truck, and just store them, because I knew those things could be sold. I always tell people that you make your money when you buy.

Now, I didn’t end up getting them in a truck. What happened was she called me a couple of hours later and said, “We need these things out of here now. There’s a mover here dropping my stuff. He’s willing to Listen to hours of free interviews, case studies and how to consultant training at 5 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851

–  –  –

Clayton: That is great. How much total time do you suppose you had into that one project, when you figure everything together?

Listen to hours of free interviews, case studies and how to consultant training at 6 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851 Michael: I would say probably about three hours, because one negative thing with that is I had to help the guy unload them off of the truck. That didn’t take three hours, that took probably about 30 minutes, but they were very heavy and I wasn’t prepared to do that because I’ve got a bad rotator cuff, as you know, in my shoulder. Another factor was, because they were stored outside and it was about to rain for the next two or three days, I had to cover them.

–  –  –

It’s a perfect example that I was able to demonstrate and prove to Vivian that there is opportunity out there, and there’s opportunity everywhere. Craigslist just happens to be one great place to find stuff for free, to secure it, to resell it, to list it, and to make a profit.

Clayton: That’s a great story. I appreciate you sharing that.

Michael: Here’s the next story. This ad was called Hauling Job From Claremont. Now, we’re doing some upgrades to our kitchen, and we have a contractor that we’ve worked with for a few years come in and take down a wall in our kitchen. He also built up the height on our kitchen ceiling. We had a dip where it came down six inches in part of the kitchen, and my wife wanted that built up and have the ceiling the same level all the way through the kitchen and the dining room area.

–  –  –

Now, if I was to do that myself, I’d have to rent a truck, I’d have to go up to the dump. When you go up to the dump you’re going to pay $50 Listen to hours of free interviews, case studies and how to consultant training at 7 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851

–  –  –

See, when you place your ad and you click “Submit”, that ad goes live within two minutes, and instantly you have haulers and people looking to earn extra money bidding on your job. My e-mail box started to become flooded with responses, “Hey, do you still have the stuff, do you still need to have this stuff hauled away?”

–  –  –

Clayton: No, that’s good.

Listen to hours of free interviews, case studies and how to consultant training at 8 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851 Michael: So that was my Hauling Job Claremont ad. Next, For Sale, My Kids’ Bugs and Animals. Now, this is a great little story. My kids are getting older so there’s a lot of toys sitting around the house. My wife had this big bag of all these plastic bugs, little plastic snakes, and animals, and she wanted to give them away to the school. I said, “Hold on, honey.

Let’s not give these away. There’s a lot of stuff in here. Let me put them on Craigslist”.

So I took about 15 minutes and I lined up and displayed about 80 of these little creatures on my outside work table. I took four pictures with my iPhone and I placed an ad up on Craigslist. I was doing an interview with someone that same week that I was interviewing you, Clayton, and I did this text that says, “Do you still have that dinosaur?” There were three dinosaurs in this collection of bugs and animals.

Someone had seen the dinosaur and wanted just the dinosaur. I thought that was kind of odd. They texted me and said, “Does that dinosaur have a JP on it?” Then I wasn’t thinking about it until later, and I told my wife, “I think I have someone who wants to buy the bugs and animals. They’re really interested.”

–  –  –

Next to the JP on each dinosaur is a number so you can identify which series it was. It was a Jurassic Park Original Series Dinosaur. I found the exact dinosaur in a completed auction that sold for $190. I was about to give away three dinosaurs, all these bugs, and I think I had the price for $20. I had listed it for $20, but because someone alerted to me there was something special about this dinosaur, I took a little more time and research, and discovered what this dinosaur was.





–  –  –

I almost gave away $200 to a collector. This person was most definitely a collector. He knew what he was looking for. He probably Listen to hours of free interviews, case studies and how to consultant training at 9 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851

–  –  –

So the lesson in this is, before you throw something out, do a little research. Go onto eBay, type in the model number, see exactly what you’re throwing out or about to give away. See if there’s value, see if there’s people who collect this stuff. Take a little time.

Then on the other end, if you were that person, Clayton, looking for Jurassic Park dinosaurs, understand that most people are too lazy to do that, and you cold have picked up three Jurassic Park dinosaurs for $20, and you could have resold them and made yourself at least $100 to $150. People are really into collecting stuff, and there’s a lot of opportunity in collections, and with the internet and eBay you can determine what some of this stuff is worth.

Clayton: No, the interesting thing is as you go through these stories, you start to see some common threads. It’s just the opportunity you don’t even think about, like the saving money on Craigslist.

Michael: Yes, absolutely. Give you another example. This is a two-pronged story. So we’re redoing some of our kitchen. We’re going to put some cabinets in on one side of the kitchen, and my wife wanted a new refrigerator. We went to an appliance store one afternoon and we were looking at all the new appliances.

Of course, the most beautiful refrigerators are these 48 inch, low profile refrigerators that are built in, that are designed to fit in with your cabinetry. So it’s almost like seamless. It’s almost like part of your cabinetry. Does that make sense?

Clayton: It sure does.

Michael: These things are $6000, $7000, and $8000, these refrigerators.

They’re very expensive. There was no way I was going to pay that kind of money for the refrigerator. So we came home and I said, “Honey, let’s go onto Craigslist and see if we can find any of these GE Profile refrigerators,” and we went on. We found one that was exactly what we had looked at at the appliance store that was listed for $1100.

This was a gentleman in North County who used to be a millionaire, but now he’s not, and his house was being foreclosed on. When he Listen to hours of free interviews, case studies and how to consultant training at 10 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851 bought the house he had totally redone the kitchen, so all new appliances. The top of the line, the best of the best of everything.

Because it was a foreclosure, and because he remodeled and paid for those items, he had the option to sell those items for cash, because he was moving in with his girlfriend that he had just gotten pregnant, and he’s got a new baby on the way.

We secured a verbal agreement that we wanted that refrigerator. He explained to us that it still had a warranty under it and that the warranty was transferable. We gave him a commitment that we would be up there the next evening to come get the refrigerator. We went up there to secure the deal. We gave him the money. This refrigerator is huge, Clayton.

I had to figure out how am I going to get this refrigerator from North County down to my house and secured in my kitchen. I put an ad up on Craigslist: two strong men to move refrigerator. Instantly I probably had 10 or 15 people replying to the ad. This is kind of hard, and I’ve seen some of the questions.

How do you know who to pick? I look for ads that stand out a little bit.

Instead of someone saying, “Hey, do you still need someone to help you with the refrigerator?” or, “I can do the refrigerator, I’ve got a Ford 210 Tundra”. Instead of these short descriptions, I’m looking for someone who stands out. Sometimes it’s hit or miss.

In the ad I will tell them to please tell me something about yourself, please include your phone number, and then I will call the people and I will try and talk to them to get an idea what they sound like. The first guy I called, he sounded low energy. He described his car that he had, and I just didn’t get a good feeling from him. I said, “I’m not getting a good feeling from you,” and then I called the next guy.

The next guy was a guy named Oscar, and he sounded great. He had high energy. He had told me that he had moved appliances before.

He assured me that his truck could handle it. He had someone to help him. So I said, “Great, you’ve got the job,” and I said, “Oscar, don’t disappointment me,” because, Clayton, a lot of people on Craigslist are flakes.

You have to be real clear that if you want this job, there’s no BS. You need to be there up in North County to pick this refrigerator up, because I’m going to only have so much time to get it out. It all worked out beautifully. He showed up with his buddy, Ruben. He was handy, Listen to hours of free interviews, case studies and how to consultant training at 11 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851

–  –  –

Clayton: More.

Michael: Yeah, you’re talking probably $200. So there lies a couple of other lessons. Number one, use Craigslist to save money on hauling services and moving services. Use Craigslist to identify distressed property, for example Todd, the gentleman who had to sell his whole kitchen because he was in foreclosure and needed to get it out because he didn’t know when the bank was going to come in and put locks on the home. That was distressed property.

We were able to buy a $6000 or $7000 refrigerator/freezer for $1100.

If we didn’t want this refrigerator, we could easily flip this refrigerator and easily double our money. He told me, after he committed to us he had people willing to come give him $2000 for that refrigerator, but he stuck to his word. He didn’t renege on what his agreement was. He said to us over and over, “You are getting a sweet deal,” but he made an agreement and he tuck to that agreement.

It could have been you who acquired this refrigerator, and you could have flipped to make $1000. One deal, just because you’re looking for distressed property up on Craigslist.

Clayton: Are there certain techniques or things that you look for when you’re looking for distressed property, to identify those?

Michael: You kind of use your commonsense. We had already known how expensive these refrigerators were, because we were just at the appliance place. So we typed in the model numbers of the stuff we were looking at. You can identify what the stuff is going for. You want to find, what is the value on the used market, what is this stuff going for.

Listen to hours of free interviews, case studies and how to consultant training at 12 http://www.myfirsthmaclient.com For more interviews on marketing consulting go to http://www.HardToFindSeminars.com © MMXII JS&M Sales & Marketing, Inc. San Diego California -Tel. 858-274-7851 You can go to eBay and type in, “GE Monogram 48 inch refrigerator/freezer,” and you can even get the model number and type that in. You can go to the completed auctions and you can see what items like this have sold for in the past. You can also go to the Craigslist listings in other cities and type in “GE Monogram double 48 inch wide refrigerator/freezer,” put the model number, and you can see what others who are selling their Monogram GE appliances, see what they’re selling them for. So you can kind of research the market and see what this stuff is going for, and come to a pretty good conclusion of what the value is of these items.

Clayton: Do you see much difference between one city and another?

Michael: I don’t think there’s too much difference between one city or another, other than the quantity of the listing, and I’ve really only kept my Craigslist buying and selling activity here in San Diego. So I don’t have a lot of experience in the other cities, but everyone who had a home, they have refrigerators. You’re going to see generally the same type of stuff.

Clayton: Would the price of a refrigerator maybe be higher in a city versus maybe outside the city, country?



Pages:     | 1 || 3 | 4 |   ...   | 6 |


Similar works:

«Lund University Centre for East and South-East Asian Studies Master’s Programme in Asian Studies Japanese and Korean Studies Spring Semester 2009 Big Bang, Bailouts and Bank Failures A Study of Japanese Government Intervention During the 1990’s Banking Crisis and Parallels with the 2007-09 US Subprime Mortgage Crisis Author: Felix Choo Supervisor: Mayumi Saegusa Choo, Page 2 Abstract The current financial crisis the US and the world finds itself embroiled in has all of the markings of a...»

«Mind Perception Daniel R. Ames Malia F. Mason Columbia University To appear in The Sage Handbook of Social Cognition, S. Fiske and N. Macrae (Eds.) Please do not cite or circulate without permission Contact: Daniel Ames Columbia Business School 707 Uris Hall 3022 Broadway New York, NY 10027 da358@columbia.edu   2   What will they think of next? The contemporary colloquial meaning of this phrase often stems from wonder over some new technological marvel, but we use it here in a wholly literal...»

«Welcome to 5LINX Earn residual income while helping people live better lives CONGRATULATIONS ON SEIZING THIS AMAZING OPPORTUNITY! Welcome to our international team of successful Independent Marketing Representatives. You’ve made a smart business decision, and an important investment in your future. Our company was founded on five basic principles that guide our business every day: VISION, INTEGRITY, OPPORTUNITY, FREEDOM AND SUCCESS where Representatives come first. You have joined a premiere...»

«4 Chapter Social Protection in Singapore: Targeted Welfare and Asset-based Social Security Chia Ngee Choon Department of Economics, National University of Singapore March 2010 This chapter should be cited as Choon, C. N. (2010), ‘Social Protection in Singapore: Targeted Welfare and Asset-based Social Security’, in Asher, M. G., S. Oum and F. Parulian (eds.), Social Protection in East Asia – Current State and Challenges. ERIA Research Project Report 2009-9, Jakarta: ERIA. pp.90-123.  ...»

«The Role of Socio-Political Risk Analysis in Developing Communications Strategies for Controversial Projects: The Case of the West Africa Gas Pipeline Project Paper Presented at the CommNet Forum, World Bank, Washington, May 9-11, 2005 Paul Mitchell, Emanuele Santi, Zita Lichtenberg1 Abstract A keen understanding of the social and political context has been proven critical to the success of development projects, especially those that are potentially controversial, and involve environmental...»

«EUROPEAN NETWORK OF ECONOMIC POLICY RESEARCH INSTITUTES WORKING PAPER NO. 30/FEBRUARY 2005 IMPACT OF PUBLIC R&D FINANCING ON PRIVATE R&D DOES FINANCIAL CONSTRAINT MATTER? JYRKI ALI-YRKKÖ ISBN 92-9079-549-2 AVAILABLE FOR FREE DOWNLOADING FROM THE ENEPRI WEBSITE (HTTP://WWW.ENEPRI.ORG) AND THE CEPS WEBSITE (WWW.CEPS.BE) © COPYRIGHT 2005, JYRKI ALI-YRKKÖ Place du Congrès 1 • B-1000 Brussels • Tel: (32.2) 229.39.11 • Fax: (32.2) 219.41.51 • VAT: BE 424.123.986 e-mail: info@enepri.org...»

«ARTICLE IN PRESS Journal of Financial Economics 80 (2006) 385–417 www.elsevier.com/locate/jfec How do family ownership, control and management affect firm value?$ Belen Villalongaa,Ã, Raphael Amitb a Harvard Business School, Soldiers Field, Boston, MA 02163, USA b Wharton School, University of Pennsylvania, 2012 Steinberg-Dietrich Hall, Philadelphia, PA 19104, USA Received 15 October 2004; received in revised form 7 December 2004; accepted 7 December 2004 Available online 2 November 2005...»

«Management Letter for the FY 2005 DHS Financial Statement Audit Office of Inspector General U.S. Department of Homeland Security Washington, DC 20528 Homeland Security July 24,2006 Preface The Department of Homeland Security (DHS) Office of Inspector General (OIG) was established by the Homeland Security Act of 2002 (Public Law 107-296) by amendment to the Inspector General Act of 1978. This is one of a series of audit, inspection, and special reports published by our office as part of our...»

«Entrepreneurs Without Borders Mike’s Bikes Final Report AFM 131 Mike’s Bikes Business Report E.W.B Corporation December 5, 2014 ABSTRACT   Business  Report  consisting  of  E.W.B  Corporation’s  yearly  forecasts,  performance  and   strategies  implemented  in  the  Mikes  Bikes  business.   TABLE OF CONTENTS MISSION  STATEMENT OUR  BIKES EXECUTIVE  SUMMARY 2009:  THE  YEAR  OF  ACQUISITION 2010:  THE  YEAR  OF  MARKETING 2011:...»

«University of Pennsylvania ScholarlyCommons Wharton Research Scholars Journal Wharton School 4-2011 Macroeconomic Factors in Private Bank Debt Renegotiation Peter Maa University of Pennsylvania Follow this and additional works at: http://repository.upenn.edu/wharton_research_scholars Part of the Business Commons Maa, Peter, Macroeconomic Factors in Private Bank Debt Renegotiation (2011). Wharton Research Scholars Journal. Paper 76. http://repository.upenn.edu/wharton_research_scholars/76 This...»

«Framework Contract Commission 2011 Lot 1: Studies and technical assistance in all sectors Specific Contract N° 2013/332205 Technical Assistance for study on concrete results obtained through projects on Migration and Development financed under AENEAS and the Thematic Programme for Migration and Asylum FINAL REPORT October 2014 Report drafted by: Elisabeth PICARD, Team Leader Raffaella GRECO TONEGUTTI, Expert Project Implemented by: SACO (SAFEGE-COWI), Member of SACO Consortium Public...»

«Working Paper Series Local Banking Panics of the 1920s: Identification and Determinants Published as: “Local Banking Panics of the 1920s: Identification and Determinants”, Journal of Monetary Economics 66, (2014): 164-177. Lee K. Davison Carlos D. Ramirez Federal Deposit Insurance Corporation George Mason University and Federal Deposit Insurance Corporation First Version: November 2012 Current Version: April 2014 FDIC CFR WP 2014-01 fdic.gov/cfr NOTE: Staff working papers are preliminary...»





 
<<  HOME   |    CONTACTS
2016 www.dissertation.xlibx.info - Dissertations, online materials

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.