Capitalism Runs In The Family

Posted on: May 12th, 2009 by Jeremy Schoemaker

My wife has been posting some items on craigslist lately… and I think she is becoming addicted to it.

She put my 8Gb ipod touch for sale for $100 – 1/2 the price I paid for it and quickly got a dozen replies. Guess what she did?

1) She sold it for the price listed

2) She told people the $100 ones were all done but there was 1 left for $150

3) She emailed all of them back and told them the highest bid wins.

Which do you think she did?

Btw we have almost 400 dvd’s and tons of xbox360 games going on firesale on craigslist.  Its kind of scaring me how much she loves selling stuff on craigslist.

Post written by Jeremy Schoemaker

Hi I am Jeremy Schoemaker and ShoeMoney.com is my blog. 99% of the post here are done by me but you will see others occasionally make guest posts. This blog is fun to write but for my day job I run several online companies.

More about Jeremy at http://www.shoemoney.com!

Have You Read:

71 Comments. What Say You?

  1. Greg Ellison
    May 12, 2009 at 6:02 am

    My dad uses craiglist to get all the junk out of the house for free. My mom has bought things on there before. Don’t let her on ebay if she likes craigslist. LOL Greg Ellison

  2. The Bad Blogger
    May 12, 2009 at 6:07 am

    I have heard a few marketers using craigslist, but I’m not really sure what was that? may be you could write a post about what this stuff is and how we can benefit from using it….

    • Do not click on "The Bad Blogger" Multiple Windows open.
      May 12, 2009 at 12:07 pm

      Do not click on “The Bad Blogger” Multiple Windows open.

  3. Ricky Peterson
    May 12, 2009 at 6:19 am

    Shoe i am sure she have emailed all of them with the status of Highest BID and I guess she must have invited new BIDS to see if she can sell your 8 GB for most.

    Let me know if my Guess is right ….lol

  4. Julio
    May 12, 2009 at 7:05 am

    Is there anyway for your wife to advertise shoemoney.com while selling stuff at craigslist?

  5. My Life as I See It
    May 12, 2009 at 7:17 am

    Dunno what she did… but dude, next time you have an 8gb iPod touch for sale for 100 bucks… shoot me an email : )

    And when buy and sell Tiger Woods 2010 for the Xbox 360, shoot me an email hahaha

  6. jim
    May 12, 2009 at 7:18 am

    4) She held a second-price auction. :)

  7. Novickarija
    May 12, 2009 at 7:27 am

    well craiglist tutorial then is your next topic, :)

  8. Ekey
    May 12, 2009 at 7:50 am

    Interesting idea, if i ever get into selling that many items of the same nature, i’ll keep that in mind. The big guys already do this type of thing, but it seems pretty easy looking at it from a small fry’s perspective too, as long as you don’t sell too many at too low a price first.

  9. Adam Baird
    May 12, 2009 at 7:52 am

    So you play 360 and you love UFC??? 2 very important questions:

    1. Are you getting the new game that comes out next week?

    2. Will you fight me online?

  10. NetFlix Trial
    May 12, 2009 at 8:44 am

    I think B. She sold it for $150 to one of the guys.

  11. Mr. School Fundraising Ideas
    May 12, 2009 at 9:22 am

    Wow watch out for the craig’s list killer.
    So she is pulling the old bait and switch tactic on the iPod touch’s. What is your craig list name? so I can check out these video games.

  12. sachin
    May 12, 2009 at 10:15 am

    Jeremy please hide…next is you….:-))

  13. ZK@Web Marketing Blog
    May 12, 2009 at 10:41 am

    How to profit from Craigslist – should be your new post..awaiting to read it

  14. Adi
    May 12, 2009 at 11:05 am

    If I were to bet I would say nr. 2

  15. Free bonus chips
    May 12, 2009 at 11:26 am

    May be it is time to creat a shoemoneylist to get some additional cash on the commission charges?

  16. London builders
    May 12, 2009 at 11:29 am

    I got lots of builders tools for sale and definitally would follow the tutorial.

  17. brian ostrowiak
    May 12, 2009 at 11:31 am

    CL is def an interesting market place.. when ever i need to sell a car (that doesn’t qualify to be sold on my own site) I usually throw it up on there..

    Always get the craziest responses…usually a mix of
    1. Nigerian Scammers

    2. people ask really dumb questions (“does it have wheels?”)

    3. People who want you to take payments or donate it to them

    4. People who want you to trade ( I actually kind of like these cause you never know what they might offer… I’ve been offered hot tub repair in trade for a vehicle before)

    5.and of course there are the 100 people who want to come “look” at it of which half will show up and maybe one will buy if your lucky haha..

    Yet for some reason if you sell random crap like a mattress you’ll have a knock on your door within 15 minutes. (true story)

    I agree its fun and you sure meet some characters..

  18. Aman@BullsBattleBears
    May 12, 2009 at 11:36 am

    I would have done the second option…well I have used that in the past to get right of a laptop and some cell phones and it worked well 80% of the time.

  19. dog e-book
    May 12, 2009 at 1:23 pm

    lol ur wife is very smart

  20. Jeremy Lichtman
    May 12, 2009 at 1:34 pm

    Next thing you know, you’re going to walk in the door and your house will be completely empty…

  21. MarijuanaReviews.com
    May 12, 2009 at 2:33 pm

    I have been trying HARD for years to keep my wife away from both CL and Ebay.

    Next thing I know one day I come home and all my stuff is gone.

    The next day I come home and the house is filled with all new stuff.

    Oh and of course the new stuff costs more than the old stuff sold for. :)

    –Chubbs

    • jeff
      May 12, 2009 at 3:17 pm

      lol, I’m keeping my wife away from your wife

  22. Bulbboy
    May 12, 2009 at 2:40 pm

    I’m guessing:
    Mrs.Shoe was originally going to do: 1).
    You suggested doing: 2).
    You both compromised on 3).

    Am I right?

  23. Nick Throlson
    May 12, 2009 at 3:29 pm

    I think its cause shes a woman guys are buying Ipod touches off her. all women know how to sell stuff just takes little practice lol.

  24. fas
    May 12, 2009 at 4:00 pm

    Fair game shoe, you need to get the touch!

  25. Jay @ work from home
    May 12, 2009 at 4:21 pm

    I once heard that once you are married your companion will pick up things you do. Either if it’s positive or negative it will be noticed. This must be it Shoe.

  26. InternetHowBlog
    May 12, 2009 at 4:55 pm

    You should be scared. Next thing you know, you might be on Craigslist

  27. myddnetwork
    May 12, 2009 at 6:11 pm

    Wow, dude, congratulations!! It is really good to have a wife who likes to sell things instead of a wife who likes to BUY things (just like the other wives in the world) :)

  28. Mogul
    May 12, 2009 at 6:30 pm

    Any option other than 1) is dishonest.

    Awaiting the truth with bated breath,

  29. LayupDrill
    May 12, 2009 at 8:32 pm

    I was a big fan of craigslist a few years ago, but now I rather use ebay/paypal..

  30. Master Craig
    May 12, 2009 at 9:42 pm

    I think she sold it for $100 as listed in the ad I think this because, as a woman, that is what I would have done. I think we generally do what we say we are going to do and re-think it after the fact and say da*n-it, I should have sold it for $150!!

    Suspense is killing me, what did she do?

    PS, I am looking for a digital camera if she has anything like that, tell her to give me a shout out. :)

    • Shanker Bakshi
      May 13, 2009 at 10:26 am

      But it seems craigslist will remain in business for years to come.

  31. The Poker Jerk
    May 12, 2009 at 10:03 pm

    I’m pretty sure #2 and #3 are against the Craigslist TOS, so I hope she did #1!

    • Adam Baird
      May 12, 2009 at 10:26 pm

      Sure, but she could just relist it for a higher price…

      • The Poker Jerk
        May 15, 2009 at 2:00 am

        Yeah but that possibility wasn’t listed was it?

        She either went against the TOS, or didn’t. Show is hinting that she did, because that is what true capitalists do! Right?

    • Hustle Strategy
      May 12, 2009 at 10:50 pm

      This is great. I would guess #1, or arbitrage would be the way to go and it wouldn’t be posted…

      Great ideas though. I know a few people that are #2 and #3′ers.

  32. Steve
    May 12, 2009 at 10:32 pm

    I think she sold it for $100!

    • almir
      May 16, 2009 at 7:24 pm

      some people don’t realize the importance of how valuable something is until they’ve bought it themselves with their own money.

  33. abdul azeem
    May 13, 2009 at 12:20 am

    She sold it for 100 dollars to the first person.

  34. Fun.ly
    May 13, 2009 at 3:47 am

    You should autograph these items and put them up on eBay. I bet a lot of us would buy some of your stuff just cuz it says “Shoemoney” on it…

    maybe shoemoney mystery boxes of crap on ebay? :)

  35. Best CSS Gallery
    May 13, 2009 at 3:52 am

    I think she sold it for the higher price.

    • almir
      May 16, 2009 at 7:12 pm

      no she sold it for the lesser price before you after you informed her

  36. MouthyGirl
    May 13, 2009 at 6:32 am

    Well, Craigslist is easier to deal with than Ebay and goes much much faster. I sold a car on Craigslist in one hour for only $300 less than I was asking.

  37. jnash04tn
    May 13, 2009 at 8:30 am

    did she get flagged

  38. DJ Equipment
    May 13, 2009 at 9:42 am

    awesome. I think its C. yeah, its C!

  39. Financial Help
    May 13, 2009 at 9:49 am

    I completely agree, anyone name dropping to get something they want is a jerk. I’ve learned you really need to watch who you deal with online.

  40. Nick Stamoulis
    May 13, 2009 at 10:04 am

    This just goes to show you that with a little creativity there is money to be made everywhere.

  41. Shanker Bakshi
    May 13, 2009 at 10:22 am

    ask her to read couple of MMO blogs before making next deal.

  42. seogis
    May 13, 2009 at 3:06 pm

    I never tried Craiglist to move inventory – if I can’t ship it, its too much effort.

    If anyone needs a great lead on source of returned electronics/goods, pm me.

    • Michael Zhao
      May 13, 2009 at 6:32 pm

      Well, I think Craigslist is not as safe as Ebay, but it’s free…I guess that how it goes when things are service free…however, I use Craigslist over Ebay…Haa!

    • almir
      May 16, 2009 at 7:09 pm

      its a dangerous place for selling things because half the people you come across on it are criminals

  43. Dr. ShoeMoney
    May 13, 2009 at 5:03 pm

    Here is what I did and why I did it:

    I got 6 replies within about 3 minutes of the ad going up. I immediately took the ad down since I realized I had under-priced it-my plan was to relist for 150$. But then I decided to just sell it. The first guy said he wanted it but didn’t have money until next week and also that he wanted to “look” at it. He told me all this after I agreeed to sell it to him, for 100$. Great. I told the second response that I had a buyer already so if he wanted it he could start bidding. (Probably against CL TOS but I am a newbie and didn’t know that. If you can sell massaages aka sex on Craig’s list, why not bait and switch on a ITouch?) He declined. I then responded to a third and said I still had it. He gave me his cell phone the next morning. Meanwhile, Dude who wanted me to hold it said he would buy it for 125$ IF I held it (I did not prompt him to increase the price, he did this on his own) So I called the guy I had a number for and said, “I am selling it for 125$ next week unless you will pay that price today.” He came right away and picked it up from ShoeMoney at the office since I was working. So I actually got NOTHING out of the deal since Jeremy pocketed the cash himself (he even denied the guy showed up) I know some people will think I handled it the wrong way. Whatever. I still got a better price. I haven’t sold much on-line before so I am learning. And FYI-I still haven’t seen the cash. But he did buy me P90X so we are even.

    • The Poker Jerk
      May 15, 2009 at 2:02 am

      Of course he pocketed the cash, isn’t he the one that bought it in the first place?

    • gatorphan
      May 16, 2009 at 12:57 pm

      “I haven’t sold much on-line before so I am learning”

      How is this possible? Don’t you learn everything about the internet by osmosis?

      BTW, Let me know if you are selling a netbook – I have 126 big ones with your name on it (and I’ll make sure it goes directly to you.)

  44. Play Games Win Prizes
    May 13, 2009 at 5:25 pm

    I say she sold it for $100 :)

    -Mike

    • Rachael
      May 13, 2009 at 9:15 pm

      As a fellow doctor and nascent fitness freak, I can’t spread enough love for p90x! It gave this 110lb weakling muscle definition for the first time in my 40 years of life. Hooray Tony Horton!!

  45. Frank Lampard
    May 13, 2009 at 10:39 pm

    I think she emailed all of them back and told them the highest bid wins

  46. Mike
    May 14, 2009 at 1:11 am

    Your run into all kinds of situations dealing on craigslist. I used to buy, fix up and resell bicycles on craigslist. Many transactions went smoothly but you get lots of stupid questions, hard luck stories, scammers and no-shows. The most popular post on my blog is confessions of a craigslist bicycle trader where I tell of my craigslist adventures. See http://bicyclespokesman.com/confessions-of-a-craigslist-bicycle-trader/

  47. Paul Dickinson
    May 14, 2009 at 2:07 am

    I’ve never given it a try, but I have a bunch of stuff that I need to sell so maybe today is the day!

  48. John
    May 14, 2009 at 7:56 am

    xbox 360 games…..which ones??? I want!!!

  49. Rick Kats
    May 14, 2009 at 8:05 am

    I’m gonna pick number 2.. :D capitalism all the way!

  50. ZK @ Web Marketing Blog
    May 20, 2009 at 5:34 pm

    We would love to get your laptop with all the information should be at there … I think you should show us your laptop internal files format and all …

  51. Dean Saliba
    May 24, 2009 at 5:08 am

    Or to put it another way “It’s kind of scaring me how much she loves selling MY stuff on craigslist”. :P

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