Selling on Poshmark Review - Is It Worth It?
At least once a year I clean out my closet and take all my unworn items to a thrift store. But this year I decided to try selling on Poshmark.
Poshmark is an online marketplace for used or resold clothing. It's a chance to turn your over-stuffed closet into cash, but it is a lot of work.
If you're considering selling on Poshmark you might be wondering how difficult it is and whether you'll make any sales. Read on to learn all about my experience and some tips to get you started!
Poshmark Seller Review
Poshmark wasn't quite what I expected when I started out. It ended up being more work than I anticipated just to sell items in my closet.
This is an overview of Poshmark and my experience selling my own clothes on the site. I didn’t source the clothes or intend to run my Poshmark closet as a business. Sellers who use Poshmark as a full-time income might have a different perspective on the app.
Be sure to read about staying safe as a Posh seller before you get started. Then consider these pros and con to decide whether it's for you:
- Easy Shipping
- No Listing Fees
- Large, Active Market
- High Fees (20%)
- Need to Be Active to Sell
I didn't fully grasp all these pros and cons until I sold for a few months. Read on to learn more about each one and how it affected my sales and profits.
Is It Worth It?
Before we get into the details of each pro and con, let's talk about whether selling on Poshmark is worth it.
I know readers are wondering that and I found myself wondering it too!
A Poshmark closet needs constant attention. On top of that, listing items and taking good pictures and figuring out pricing is way more work than you realize.
Will Your Stuff Sell?
Even if you are willing to commit the time that doesn't mean you have the type of merchandise that will move. Most of the items you want to sell should be gently used or better. No stains, rips or signs of wear. It's really hard to recoup money on an item if it has a flaw.
Next, the brands are really important. Well known designer and business casual brands do great. Ann taylor, Banana Republic and Express tend to do well. For jeans mid-range designers like Paige, 7FAM and Hudson can turn a decent profit if they haven't been worn.
Should I Sell on Poshmark?
I find that selling clothes on Poshmark is worth it in these situations:
- You have at least 30 items you can list
- Most of your items are new or like-new and from popular brands
- You enjoy making listings and taking photographs of your clothing
Shipping with Poshmark
I listed "Easy Shipping" as pro. This is because Poshmark charges buyers a flat fee for shipping a provides a shipping label. All I had to was pack the clothes in a Priority Mail box and and drop off at the post office.
As a seller on Poshmark everything is easy about shipping, except how expensive it is for buyers. Thanks to Amazon, many online shoppers think free shipping is a given. So Posh's whopping $6.49 shipping will deter a buyer considering a $10 used shirt. This was a contributing factor to why many of my $10-$15 dresses didn't sell.
Seller Fees (20%)
Poshmark takes a big chunk of every sale. They charge a 20% fee, which is nowhere near competitive. Mercari charges 10% and eBay fees come out to about 13% after PayPal.
But the high fees are justified if your listings are selling well. Some brands and trends go for a higher rate on Posh's market and make the fees worth it.
Thankfully, there are no listing fees on Posh. This is a big help to beginners who aren't sure if they have anything worth selling. There's no cost to try.
Starting in March 2019 Poshmark charges all buyers for sales tax. You don't have to pay for it as a seller. But it can dissuade buyers to stay away from Posh.
Poshmark tries to be a social platform. Your closet has followers and you can share your listings to your followers. Search results on Poshmark list items in the order they were shared. So sharing your listings frequently is important to show up in search results.
That's why I listed "Need to Be Active to Sell" as a con. Staying active by self-sharing, sharing others items and listing new items is a lot of work. It takes interacting with the app at least a few times a day to stay competitive.
Large, Active Market
There is a good side to the high fees and need to be active: lots of buyers. How are those correlated? The high fees cover the large amount of advertising Poshmark does to drive buyers to their site (think about the last time you searched for clothing on Pinterest). Also, with the incentive for sellers to share often that means there are a lot of women interested in fashion opening the app every day. Many of my buyers were sellers themselves.
I think my used clothing reached more eyes than they would if I listed them on eBay. Poshmark has a large following of women who are on there looking for deals and ready to make a purchase.
Selling on Posh: The Bottom Line
After 6 months of casually selling my clothes on Poshmark I learned quite a bit. I listed 48 items from my closet and sold 14 so far, which earned me $210 after fees. Though it has its drawbacks I would certainly recommend Poshmark for the right situations.
Due to the high, flat-rate shipping cost Posh isn't the best for items worth $15 or under. This counts out low quality brands and heavily used items.
Also it's worth realizing that Poshmark is by no means a "list it and forget it" site. You have to be sharing at least daily to get your items seen.
© 2018 Katy Medium