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Steven Fies - The Key to Making Money on Craigslist: How I Make Thousands in My Spare Time

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Steven Fies The Key to Making Money on Craigslist: How I Make Thousands in My Spare Time
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The Key to Making Money on Craigslist features a complete system for building sustainable wealth through merchandise resale. Over the course of more than 275 pages, Steven Fies shows you exactly how he did over $20,000.00 in sales and earned over $6,000.00 in gross profit in one year on Craigslist all in just a few hours per week. With a core focus on teaching you reliable and tested methods for profitable resale, this book delivers immediately usable steps to harness your business acumen and realize success. In the book, you will: -Learn how to analyze pricing, spot deals, craft killer advertisements, take intelligent risks, and negotiate successfully with others. -Study real-life examples, actual transactions with buyers and sellers, and the underlying thought processes that lead to successful deals. -Discover the hard and fast rules for instantly becoming more profitable and avoiding the most common pitfalls. One chapter at a time, you will learn exactly what to buy, why to buy it, how to thoroughly research price points, and what to say to buyers and sellers to close deals. Graphs, screenshots, and even mathematical equations are introduced to help you grasp every concept in detail, so you can replicate the exact processes required for positive cash gains. Key concepts are reinforced and illustrated in context through insightful stories of the authors transactions. The first chapter provides a birds eye view of the entire system from a big-picture perspective. Chapter two supplies psychological tools to help you conquer your fears and develop the mental strength to take calculated risks. The human fallacy of Loss Aversion is explored in depth, including a startling explanation of how this phenomenon sabotages our ability to succeed and how to put it in its place before it gets the better of you. The third chapter offers several viable ways to raise money when getting started, even if youre dead broke. By exploiting a relatively unknown gold mine, you are given the know-how to easily accumulate several hundred dollars in a short period of time and you will learn exactly how the author turned an unlikely free item into $500.00 cash in a matter of weeks. The fourth and fifth chapters provide business-planning advice to help you achieve a definitive focus for your buying and selling activities. By the end, you will approach your dealings with a firm sense of context, and know precisely how to accumulate relevant price and product information. Then, in the sixth chapter, youll be shown a powerful way to automate this information gathering and analysis to free up your precious time. The remainder of the book builds upon this foundation with some crucial insights: -How to always be the first buyer to respond to a new listing without ever having to check the listings! (How to leverage technology to generate powerful automated notifications.) -How to craft superior listings that demand higher prices for items that normally sell for less. -How to avoid the classic mistake that immediately destroys sales listings every time. -How to price your items to psychologically attract more buyers all while raising your prices! (Plus, how to use this same tactic in reverse to your advantage when making offers to sellers.) -Why you should conduct an economic analysis of your niche market and how to do it properly, based on textbook principles of Microeconomics. -How to leverage trades to capture significant extra profit as a buyer or a seller. -How to frame any email, phone, or in-person price negotiation for a win from the first moment. This book instructs on solid business principles that can be applied in any number of transactional markets. Whether you buy and sell daily or...

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THE KEY TO MAKING MONEY ON CRAIGSLIST
How I Make Thousandsin My Spare Time

By Steven Fies

Published by:
Steven Fies atSmashwords
Copyright (c) 2014 by StevenFies

All rights reserved. Without limiting the rightsunder copyright reserved above, no part of this publication may bereproduced, stored in or introduced into a retrieval system, ortransmitted, in any form, or by any means (electronic, mechanical,photocopying, recording, or otherwise) without the prior writtenpermission of both the copyright owner and the above publisher ofthis book.

Smashwords Edition LicenceNotes
This ebook is licensed for your personalenjoyment only. This ebook may not be re-sold or given away toother people. If you would like to share this book with anotherperson, please purchase an additional copy for each recipient. Ifyoure reading this book and did not purchase it, or it was notpurchased for your use only, then please return to your favoriteretailer and purchase your own copy. Thank you for respecting thehard work of this author .

Edited byMarian Kelly
Published by Steven Fies
Electronic Edition: December 2014
Library of Congress Control Number: 2014921476
ISBN 978-0-692-33546-8

For Whitney

Acknowledgments

I owe a great manythanks to the people who supported me in writing this book, whichwould not have happened if not for the suggestion of my friend andcolleague Rob Acosta. Rob, Im glad I stayed at work late thatnight and had that conversation with you about doing this!

Furthermore, I owea great many thanks to my wife, Whitney, for supporting me throughthe journey of writing my first book, and to Gordon Kelsch, who sothoroughly helped me evaluate my first draft. I should also pointout that Gordon also helped me with my first flip by fixing up ahandle on an old speaker cabinet that became my first profitablesale.

I must also thankRob Jones for getting me involved in this mess in the first place,and for being my partner in crime throughout the process.

Many more thanksmust go to my friends and family, including Lora Fies, George Fies,Thomas Arthur, Gustavo Delgadillo, and the gentlemen from a bandcalled Weight of the Sun, for supporting this process in countlessways and providing critical input where needed.

Last but certainlynot least, the biggest thanks of all go to my editor, Marian Kelly,for crafting a halfway passable work product from my firstscribbles. Her experience was invaluable in reworking many sectionsof this book, and without her developmental guidance Im not surethis ever would have been published. She has a grasp of the Englishlanguage that is second to none, along with a knack for makingthings flow. Thank you so very much, Marian, you are trulyappreciated.

Contents

A birds eyeview of my system

Four ways toachieve a winning frame of mind

How I turned afree item into $500

Make this onedecision to maximize your success

Why I walk ifthere isnt at least $100 in a deal

The power ofintelligent data analysis

How I Earned$935 in just two deals

Two powerfulreasons to be on time

Leveragingemotional intelligence for greater results

Seven simplerules that will make or break your listings

Every teamlikes home games better

Six steps toclosing the deal

The hidden keyto bigger profit margins

How I doubledmy cash on a rare, 1930s era trumpet

Putting it alltogether

Steves salesdata, Jun-Dec 2013

Calculatingimportant financial metrics

The shrinkingprofit margin phenomenon

The shrinkingfunctional price range phenomenon

Recommendedreading

Foreword

The first time I met Steven Fies was during myfreshman year at the University of California, San Diego. We wereassigned to the same dormitory suite, and it only took a fewcordial greetings to know we were destined for a lifelongfriendship full of memorable experiences together.

As I got to knowSteve during college, what always stood out to me as special washis courage and determination to set bold, forward-thinking goalsand accomplish them through great passion and extraordinary care.While many others struggled to keep up with basic course material,he would finish his classwork and then push himself to acquireadditional skills outside the classroom business skills thatwould later prove valuable to the bottom line of life.

The mostremarkable thing was how Steve made it seem effortless to dive intosomething completely new or out of his comfort zone and have greatsuccess. Fortunately for me, he didn't keep this ability a secret,and I was able to learn many lessons from him regarding how toapproach lifes challenges. Namely, how to take a smart risk, andhow to achieve the positive frame of mind needed to push theboundaries with my own work.

All of this stuckwith me after graduating from college, and eventually helped leadme to a decision that no one would have ever thought I d make.Leaving the safe-haven of a comfortable career in biotech, Idecided to pursue my dream of starting a tech company from scratch.Inspired in part by Steves relentless will to always find a way, Iknew my vision could become a reality once I harnessed mydetermination and took action.

Fast forward a fewyears and I have raised nearly $1M for my company. We launched inearly 2013, and since then, I have had the opportunity to befeatured on television and in famous news publications, meet someof the nations top CEOs and business scholars, and recruit anincredible staff aligned with a unified mission to build software Inever could have imagined before.

Importantly, allof this began when I conquered my fears and found the courage totake the first step.

What I like aboutThe Key to Making Money on Craigslist is that Steve takes the timeto show you exactly how to develop this courage, exploring thepsychology behind it in enough depth that anyone can understand it.This is often the missing link between success and failure, as wetend to hold ourselves back more than anyone or anything else.

This book alsowalks you through the definitive steps you must take to analyzedeals, negotiate effectively, and buy and sell at the right times and at the right prices. The level of technical detail covered hereis something this genre has never seen before, yet is explained soclearly that anyone can understand it. There is no doubt that youcan make hundreds, if not thousands, of dollars when applying theseprinciples.

However you chooseto apply this knowledge, whether to Craigslist or a differentresale market altogether, Steve has truly gone above and beyond indelivering an information product that is relevant, motivating, andimmediately applicable to your life. This book will not onlyempower you to get motivated, get on your feet quickly, andsucceed; it will provide you with business fundamentals that willserve you for the rest of your life.

ThomasArthur
President and Co-founder of Lateral SV

Introduction

In seven months, I generated $3,827 on Craigslist byfollowing the principles in this book.

This amountwas the profit earned,not the gross sales volume, which was in excess of$10,000.

I generatedanother $2,126 in this same time period by selling existinginventory.

During thefollowing several months (while writing the first draft of thisbook), I continued to buy and sell, ultimately ending the year withan additional $8,521cash in my pocket. My total sales exceeded $20,000 for theyear.

Since I have afull-time job, all of this happened during my free time, in just afew hours per week.

Now youmight be wondering, How can I goabout generating hundreds, if not thousands, of dollars in my freetime?

Its simpler thanyou realize, but the majority of us choose to spend our leisuretime relaxing on the couch, watching television, or surfing theinternet. By getting a little more focused, you too can generate afew extra bucks.

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