Using Poshmark to Make a Profit

>>>Using Poshmark to Make a Profit

Using Poshmark to Make a Profit

There’s been a lot of talk about selling your old items to bring in extra cash. One of the best places to do just that is Poshmark. I’ve received a few questions about the best strategies to take when it comes to Poshmark, so I decided to share what has worked for me, and a few others. This is your ultimate guide to using Poshmark to make a profit.

using poshmark to make a profit

About a month ago, the CGS Team was relaying some great insight about starting the New Year off on a prosperous note. This insight consisted of a recommendation via Twitter to clean out your closet, then schedule a few hours to post old items for sale on Poshmark and eBay. To my surprise, Poshmark replied saying they couldn’t agree more!

using poshmark to make a profit
First, what is Poshmark?

You may not be aware of Poshmark, or what it is, and that’s perfectly fine. You will be a fan after this read! Poshmark is the largest social marketplace (basically, an app), where people in the United States can buy, sell, and share their style with others. Founded in 2011, Poshmark has grown into a social storefront with over 25 million items and 5000 brands to buy, sell and peruse from.

Poshmark is extremely easy to use. If you want to sell a piece of fashion (clothes, accessories, shoes, handbags, etc.), all you have to do is:

  • Download the Poshmark app
  • Snap a photo (or two) of the item you want to sell
  • Add a description and price for the item you want to sell
  • Wait for the sale
  • Once your item has sold, Poshmark provides a pre-paid shipping label so you can ship the item to the buyer
  • Once the item is shipped, funds from the sale are deposited into your Poshmark account
  • Move funds from your Poshmark account to your regular bank account

It’s literally that simple! Of course, Poshmark takes a small commission off any item sold, but if the piece was just sitting in your closet, never to be worn again, who cares?!

You can also look for items to purchase on Poshmark. Although, for the sake of this guide, I’m not even going to go down that road!

Success stories from Poshmark

I want to start with my own Poshmark experience. I’ve sold 3 items on Poshmark to date. They were some of the easiest sales ever. It really is just as simple as the few steps above. I will say that the items didn’t sell immediately (no biggie), but it was a pleasant surprise when I received offer notifications! You have the option to accept or negotiate your sale price, and you don’t have to sell if you don’t want to. My thought process is if I’m not going to wear the item, why not try to get something back for it? If my pieces don’t sell, I donate them to Goodwill.

using poshmark to make a profit

There are people who make selling on Poshmark their full-time job. One Poshmark user sold over 400 items in the span of 3 months! You can read that specific success story on the Poshmark blog.

A City Girl Savings reader shared that she has made almost $2500 selling items on Poshmark. Kimber says, “I started selling items that my girls outgrow after a season and have been putting that aside for school clothes shopping. Poshmark takes effort but it does work!”

One takeaway from the 3 stories above is that Poshmark is what you make it. The more time, energy and focus you put in for selling your items, the more successful you will be at selling those items. That rings true for just about anything in life, doesn’t it?!

Tips for Consistent Sales on Poshmark

#1 Use a consistent background

When you start posting items for sale on Poshmark, it’s best to think about your background. When you have multiple backgrounds, or put a lack of thought into it, it shows in your pictures. Use the same background for all of the items you post. Get creative with the background. Consider areas that have great lighting also. You don’t want poor lighting to result in a poor reflection of the item you are selling.

#2 Share other listings

Since Poshmark is a social marketplace, just like any other social app or website, activity is the key to getting seen. You can be active on Poshmark by liking other people’s listings, sharing other people’s listings, leaving comments, joining parties, and following other users.

Online blog Odyssey says, “Sharing listings on Poshmark is the secret to making a lot of sales. Think of Poshmark listings like Facebook posts. When you share someone's post on Facebook it makes it so all of your followers can now see what they posted. The same goes with Poshmark. When you share other seller’s listings it broadens their platform, which in the end helps you. Out of courtesy, many will share your listings if you share theirs!”

#3 Customize your profile

A customized Poshmark profile can lead to more sales. Fashion bloggers and top Poshmark sellers add a picture of themselves. This helps buyers see and relate to who they are purchasing from. You will also want to create your Meet Your Posher listing. Poshmark users can easily find and follow your closet, as well as communicate with you because that listing doesn’t disappear over time. You can include up to eight pictures and text in the listing so highlight things about yourself as well as your strong selling points.

#4 Drop your prices on pay day

From Pennies to Plenty blogger Arlene has found success when dropping prices on common pay days. She says, “I’ve found that the best times to drop prices are on paydays. Paydays vary but are frequently weekly or bi-monthly on Fridays and bi-monthly on the 10th and 25th or some close variation of that.” This can result in discounted shipping, but only temporarily.

#5 Get detailed in your descriptions

Descriptive titles and eye-catching phrases are a common act used by top sellers on Poshmark. Getting descriptive with your titles and clothing descriptions makes it easier for the right person to find your items. One thing to keep in mind is that many Poshmark users browse for items by the brand name, so including this keyword in the beginning of your title and description can help your piece get seen in search results.

You will also want to include as many details about the item as possible. Listing the measurements, material, release date, and size instructions can help users decide if the piece is right for them. When you are super descriptive, you answer buyer questions before they are even asked.

#6 Ship your items right away

When you do make that sale, get excited, then ship your item! Buyers have the ability to leave reviews and feedback after their purchase, so don’t give them a reason to say something negative. Everyone is most excited when they first make a purchase. Send the item right away so the excitement doesn’t fade, and a great review can follow.

#7 Always include thank you notes

This tip comes directly from Poshmark. They recommend you include a simple thank you note with any item that is being sold. I’ve done this on all 3 of my sales. In fact, I went to TJ Maxx, bought a set of cute (and cheap) thank you notes and use them solely for my Poshmark sales. It goes the extra mile and adds a nice touch to your package.

 

Well there you have it! Use this guide to get started on Poshmark and start making some sales! Are you a fan of Poshmark? Have you sold anything on the app? Do you have any success stories, tips or secrets you can share with me and other CGS readers? Post a comment below to share!

-Raya
The CGS Team

Raya ReavesFounder; Financial Consultant
 
By |2018-01-13T16:07:03+00:00January 17th, 2018|0 Comments

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