Sarah started selling on Poshmark in 2016. She finally makes more sales than mistakes, and she wants to share what's she's learned with you.
Thinking of Selling Your Clothes on Poshmark?
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. And all from selling stuff I used to wear!
The very first thing I sold on Poshmark was a cute short-sleeved sweater by Rag & Bone that I got a whopping $12 for. The original price tag was about $90, and it was barely worn. I got frustrated as I did more research, seeing similar pieces going for much more.
But then, I got $12 for a pair of shoes that I'd paid $6 for at a thrift store. And shortly after that, I sold a dress I'd probably worn no less than 1,000 times. Then a bridesmaid's dress, then another dress. I quickly got over the first sale that could have made me more money as I watched my beloved-but-no-longer-useful clothing fly out the door.
Since that first sale, I've turned to buying clothes at prices I know are a steal with the express intent of selling them on Poshmark. It's my bona fide side hustle.
In this article, I'm going to tell you a few things that will hopefully help you decide whether you too want to sell your stuff on Poshmark or whether you want to stick to the ol' local consignment shop guessing game.
So, without further adieu, here are the pros and cons of selling your stuff on Poshmark as least as I see it.
Pros of Poshmark
- You can make money (duh). When you sell an item on Posh, they take a commission, and the rest is yours. You only have to ensure it's in the condition you said it was in in your listing, and then send it and use their pre-paid label. Then, voila! the money--real money--is in your Posh account and you can move it to your bank or spend it again on Posh.
- 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 almost undoubtedly make more money than you would if you 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%.
- 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 when they log into the app or onto the site. It's also easy to post your listings on Pinterest, Facebook, tumblr, and Twitter.
- 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 personally 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.
Cons of Poshmark
- 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 is why 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.
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!