Happy Tuesday everyone. I hope that everyone is doing good and staying safe. We are on week 4 of the 7 weeks of crossposting. In the last 3 weeks, I’ve gone over Craigslist, Mercari, and Poshmark. Today, I’ll be discussing how to make money on Facebook Marketplace.
What is Facebook Marketplace?
Facebook Marketplace is an online marketplace where people can buy or sell items. FB Marketplace was started in 2016. You have to have a Facebook account to use it. It’s similar to Craigslist. You post an item that you want to sell. If someone wants it, they’ll message you. You then agree on a price and a place to meet up at.
How Much Does It Cost To Use?
Facebook Marketplace is free to use. There is no membership cost or final value fees. If you want to boost a listing, you can pay a small fee. I will discuss that later in the article.
When you click on the Facebook Marketplace area, you will see six tabs that you can choose from on your top left.
The browse section allows you to search on Facebook Marketplace. You can see what people are selling around your area. You can also search from as close to 2 miles to as far away as 100 miles. You can also see the different categories that are out there as well. They are hobbies, electronics, home & garden, vehicles, clothing & accessories, rentals, home sale, classifieds, family, entertainment, and deals.
The next section shows items that people are selling in Facebook groups that you are a member of. Since I’m in a couple of buy and sell groups, I can see the items listed in those groups in this section. It helps the seller get more potential buyers.
Some people have stores set up on Facebook Marketplace. Up until a couple of days ago, I didn’t even know that was a thing. People can click on the item or the store name and see what the seller is selling.
This section shows any item that you may have messaged a seller about or purchased. It keeps it saved in this area. That way if you want a record of what you purchased off Facebook, you’ll be able to see it here. Also, if you finally want to purchase something that you have been messaging about, you can do that here.
This is the most important section if you are selling items. The selling area will have all of your active and sold items here. You can easily edit, renew, or boost your item. Renewing refreshes an item and takes it back to the top of searches again. You’ll get quicker sales that way because more people will be able to see your items. You can renew an item five times after you list it that first time. Boosting an item is when you pay to keep your item near the top of the search results. It stays at the top longer than when you renew it. When you boost an item, you can choose the amount that you want to spend.
This final section features items that you have saved. All you do is hover over an item and click on the bookmark to save the item. You can then come back and review it anytime.
What Can You Sell?
You can sell almost anything on Facebook Marketplace as long as it’s legal. It’s pretty easy to make money on Facebook Marketplace. I’ve sold shoes, a coffee maker, a safe, and some coffee mugs just to name a few. I know that people can also sell vehicles and even rent homes on this platform. There are some things that you can’t sell. Some of them are drugs, ammunition, alcohol, adult products, and things of that nature.
How it Works
List Your Item
First things first, you list your item. To start this process, click on the “sell something” tab.
Click on item for sale
Next, you select the category, come up with the title, the price and the description. Also, add pictures to the listing. You can add up to 10 pictures.
Here is how it looks once you are ready to list an item.
Next, you select your audience. The audience would be Marketplace.
Once you do that, the item is now live.
In most cases, I take cash when I sell an item. You can do PayPal or Cash App, but just make sure that the money has been deposited before the transaction is complete. If someone wants to send you a cashier’s check and have you ship the item, don’t do it. It’s a scam.
95% of my Facebook Marketplace transactions have been done in person. I’ve shipped an item to two customers. When meeting with someone, make sure that you choose a safe location. The post office or grocery store parking lots are usually good places. Police precincts are also great locations. Make sure you complete the transaction during the day as well. It’s safer that way.
Something else that I do is to only list certain items. If it’s some Michael Jordan shoes or certain electronics (cell phones, video game consoles, etc.), I’ll list it on eBay. Those are generally items where people will pay more for. Unfortunately, people may try to rob you for those items as well. I read articles once or twice a year talking about meetups that have gone wrong due to someone trying to rob the seller. I don’t believe anyone would actually rob me, but I’m not taking any chances. I’d rather be safe than sorry.
Another quick tip is that Facebook Marketplace is a good platform to sell items that are big or heavy. You can save a ton of money buy not having to deal with shipping. Trying to ship certain things would be a hassle. It’s much easier to have someone meet you or in that rare case, come to your house and pick it up. Some things that I’ve sold on Facebook Marketplace due to their weight or size are records, drinking glasses, and a portable safe. For me the bigger items are a quick way to make money on Facebook Marketplace.
As you can see, Facebook marketplace is a good platform to crosspost your items. Take some time and list something today.
Have you sold anything to make money on Facebook Marketplace?
Previous crossposting articles
Week 1: Selling on Craigslist
Week 2: How to Sell on Mercari
Week 3: How to Sell on Poshmark