Wowed (again) by Craigslist

No wonder newspaper classified advertising is dead and eBay is no loger king: Craigslist is simply astounding.

I put my old iPhone 3G up for sale last night. I did a quick survey and it looked to me the going price was $150-$200 for a 16GB black model. So I listed mine at $150.

Within 10 minutes I had 17 offers, including one for someone who would pay me $175. Another guy, who lives near my suburban Detroit home, offered to drive over right then (after 10PM) and pick it up.

I think I offered it at too low a price. I figured since new 3GS iPhones were selling at 32GB, a 3G with 16GB would be worth half that.

I plugged it in and did the reset to erase all data and content to return it to factory specs. That took about two hours. I agreed to sell it to the guy who offered $175/ We’ll  meet in a restaurant parking lot this afternoon. Feel like a drug dealer.

This morning, there were 23 more offers from would-be waiting for me.

But I forgot how incredibly effective Craigslist is. Last year, I sold a couple of bicycles and a computer and remember being impressed. But this kind of instant result is astounding.

You too? Share your experiences under comments.