What is Listia?

Listia is an online auction similar to eBay yet no money is exchanged (unless the winning bindder pays for shipping). Instead, credits are used to win auctions and are received when your auctions have “sold”.

How does it work?

If you have something you’d like to list, you would take a photo of it and list it using their auction platform. You’ll  choose a category, write a description, and select how long you would like the auction to run (ten days is the max).

There’s no cost to list an item and you’ll receive free credits for doing so. You can also receive free credits for offering free shipping, earning badges, and more. If your item ends with a winning bid, you’ll receive the credits for that auction.

Once you’ve accumulated a decent amount of credits, you can bid on auctions you’re interested in. The Amazon cards are very popular so I try to find some with a low GIN (Get It Now) price. I’ve won a $5 Amazon card for 2500 credits, but now that Listia is getting more popular I don’t think I’ll find one for that low again.

How much time does it take?

It take about 10-15 minutes to list an auction — basically however long it takes you to photograph your item, upload the picture, and create your listing.

How much can I earn?

The key to listing items on Listia is offering items that cost little or nothing to ship. You’ll want to offer small, lightweight items that can ship with just the cost of a stamp or two, such as CD’s or necklaces.

It’s amazing the items people will bid on! I’ve seen MyCokeRewards codes being listed and have started collecting caps myself to create an auction of my own. These codes can then be emailed to the winning bidder, saving you from having to pay shipping costs. Just make sure to include a photo of the caps because there is a rule that no intangible goods can be sold.

I recently received a TJ MAXX $10 store credit and will not be using it since the closest TJ Maxx is two hours away. Instead, I’m going to list on Listia — and that should result in a large number of credits (plus, it will only cost $0.45 to ship!)

You can also earn credits by referring your friends. When they successfully list their first auction, you’ll get 500 credits! And they’ll get 100 credits simply by joining.

 

Source: Shannon at Tethered Mommy.