Cleaning out your closet?
Whether you’re downsizing, spring cleaning, or just trying to make a few extra bucks, selling your clothes online can be fulfilling and fun. I’ve been doing it for over a year and now consider it a second source of income. Last month, I used it to pay my lovely student loan bill. This month, I’m hoping to use it for the student loan again and to pay our electric bill. Woot!
In this article, I’m going to tell you a few things that will hopefully help you decide whether you want to sell your stuff on Poshmark or whether you want to stick to the ol’ local consignment shop guessing game.
To clarify, this article is strictly about using Poshmark to sell your clothes. I also use Mercari and Vinted, two apps that are similar in purpose but have different personalities. The above-mentioned money used to pay bills is from my combined profits from Poshmark, Mercari, and Vinted.
In some other Wanderous.Life articles, I talk about how I run my little Poshmark business, present some info for beginners to help the newbs kick some arse, and also talk about selling on Mercari and Vinted. And, if you’re wondering about what not to do, read this article to find out my reasons for not selling on eBay or Tradesy anymore.
REASONS TO BECOME A POSHMARK SELLER
- It’s free to make and maintain an account. Poshmark does not charge to have an account, nor do they charge for listings. In fact, they will never charge you for anything you do as a seller.
- You can make money (duh). This one is pretty self-explanatory, but I do think it is worth it to reiterate that you won’t have to spend a dime to be a Poshmark seller. If you decide you really like it, like I do, and you want to flip clothes for profit, there is potential you’ll end up selling something for more than you paid for it, but that’s for another day.
- There are little-to-no overhead costs. When you sell your clothes on Poshmark, you are essentially running a store without being in a store. That means you don’t have to pay rent for a store front, don’t have to pay an extra electric bill, and don’t have to pay employees. On top of that, there are no real legal considerations (insurance, incorporating, etc.) that you need to worry about.
- You can make more money than you can if someone else sells them for you. In other words, you will almostundoubtedly make more money than you wouldyou brought your things to a brick-and-mortar consignment shop. You set your own prices and can change them however you please. So, if you want to sell that Michael Kors watch for $80 instead of the $59 Plato’s Closet will charge, you can do that. And, you won’t split the proceeds. You’ll get the bulk of it, and Poshmark takes 14.9%.
- You don’t have to pay for shipping. One of the first things people ask me when I tell them I sell on Poshmark is, “How much do you have to pay for shipping?” But Poshmark’s platform automatically sets up a flat rate shipping charge for your customer. They take a commission from your sale, but won’t let you set your sale price low enough to make it so you owe them something.
- The Poshmark community is supportive. As soon as I made an account, I got hundreds of followers and was welcomed to the platform by tons of women (and some men) who also sell. Every question I’ve had has been answered, and most people respond really quickly. I have found that Poshers generally take re-selling very seriously, and they’ll be there for you if you take it seriously too.
- Poshmark provides opportunities to promote your items. With Poshmark, you can share your items to your heart’s content, which means they’ll show up in your followers’ feeds (more on that in another article) when they log into the app or onto the site. You can share to “parties,” which is an opportunity to show off the listings in your closet that fit into a particular category, or you can share them to the general Poshmark feed. In addition, you can share other people’s items and they can share yours. It promotes the community spirit and gives you a chance to tell all of your followers that they should look at your super cute skirt collection. It’s also easy to post your listings on Pinterest, Facebook, tumblr, and Twitter to share with your awesome followers there.
- It’s a great way to find deals on things you love. You are not alone when you say you have too many clothes but nothing to wear. People are poshing all over the place, which means you have options to find deals on great clothes all over the place.I have bought seven things on Poshmark because I couldn’t help myself. I did eventually make a rule that I can’t spend the money I make directly on Poshmark. I have to withdraw the balance first, then put any purchases I make on a card. But that doesn’t seem to stop me.
REASONS NOT TO BECOME A POSHMARK SELLER
- It’s a great way to find deals on things you love. Yes, that’s the same thing it says on the list of pros above because it is definitely also a con. Poshmark is a constant source of temptation (which iswhy I’ve bought seven things and am surprised it hasn’t been more), so if you don’t mind always having to talk yourself out of getting awesome deals on stuff you love, you can get by without spending your money as soon as you make it.
- Poshmark is a huge time suck monster. Taking pictures takes time. Taking great pictures takes even more time. And, as is the case with social media, Poshers are also more likely to get purchases when they interact more often. That means spending time following other users, sharing their items and your items, and liking items that you SO are going to want to buy.
So yep, that’s basically all I can think of in terms of the bad stuff when it comes to selling on Poshmark. In other words, if you’ve got time and enough resolve to not buy things, you should absolutely start snapping pics and posting.
Poshmark is a fun (and addictive) app dedicated to buying and selling clothes, shoes, and jewelry; kind of like a consignment store without the middle woman. To become a member, all you have to do is download the app and create a profile. Once you’ve done that, you’ve become a “Posher,” and you’re ready to sell and buy!