Tuesday, June 2, 2015

Let's Talk Poshmark!

With all the changes on eBay and the ups and downs that comes with selling online, why not branch out into other marketplaces to bring in some more profit?! I currently only sell on two platforms: eBay and the newly discovered Poshmark! I know there are other selling venues such as Amazon and Bonanza, but I've not taken the plunge into those marketplaces yet! 

So let's talk Poshmark! For those of you who have no idea what a Poshmark is, it's an app for women and teens to resell clothing items and accessories out of their closet. It does have an online website, but you can only list items via your phone. Poshmark allows women to sell their shoes, purses, wallets, tops, pants, skirts, outwear, jewelry and accessories all on one platform. The app is very simple to use and it takes WAY less time to list an item versus listing on eBay. 

I created a Poshmark account last week and so far I love it! I've not had any sales yet, so I'm slowly trying to build up my fan base and listing count. I don't expect any sales until I get my number up because Poshmark is solely a social media outlet. To get sales, you need lots of followers and at least 10+ listings. 

Okay let's start at the beginning! Creating your account! You can download the Poshmark app onto your cell phone and sign up. If you sign up PLEASE use my referral code: PQWXJ and we will both receive a $5 credit! So! After you create your account, you will need to upload a profile picture and start following some brands or other users! (My username is @nandrysfinds if you'd like to see what I'm selling and follow me! Check it out online HERE.) Once you follow a few people, you're ready to list your first item! 

Listing on Poshmark is incredibly simple. When you click the "Sell" button, you are taken to your camera to photograph the item. You can also select photos from your picture library. You can only add FOUR photos. Once you add your photos, you can then create a 50 character title, a 300 character description, fill in the item specifics, (size, brand, etc.), and then you set your price. I LOVE this part. First you type in the regular retail price (if you don't know, just make something up), and then you put your asking price. After you type in your asking price, it automatically tells you how much you will profit once your item is sold after the fees are taken out! (That's what I LOVE!). 

Now the fees... It's a little higher than eBay, but on the Poshmark app you don't have to pay insertion fees, you don't have to relist anything EVER, you don't have to worry about shipping costs (I'll explain that next), or any of the other hassles that comes with eBay. The fees are a flat rate of $2.95 for all items that are $15 or less. If your item is more than $15, the fees become a flat rate of 20%.

Once your item is listed, your followers can like, comment, and share the listing. You need to share your listings as much as possible and respond to all the comments. Because it's social media, you will have a lot of interaction with potential customers. These gals on Poshmark just love their clothes and they'll be sure and let you know in the comments. So be kind and friendly always! 

If your item sells, your buyer will pay via credit card through Poshmark. They do NOT accept Paypal. If you take Paypal on Poshmark you will not be covered so don't do it! Once your buyer pays, Poshmark will email you a pre-addressed shipping label for you to print out. It is good for up to 5 pounds shipped Priority mail. If your item is over 5 pounds, you, as the seller, will have to pay for additional shipping through Poshmark. If your item is 5 pounds or less, you will not have to deal with the shipping money, purchasing a label, or any of that hassle. Poshmark makes it quick and easy, making the buyer pay a flat fee of $4.99, (or less depending upon the cost of the item), and Poshmark will handle the rest. Once you receive the shipping label in your inbox, print it out, and package up the clothing piece to be shipped. The buyer does have the right to cancel the order at any time before the label is printed, so make sure you do it ASAP! Once your label is printed and the package is shipped, Poshmark will release your profit within 3 days (after the package tracking has shown that it is delivered). You can either cash out your profits, or spend them on Poshmark.

The feedback system is great! Buyers can leave what's called "Love Notes" once they receive the item. They will review your item on a five star scale and they can write as long of a review as they'd like. If the buyer opens a case because it is not as described or has not been received, they have 3 days to return it. The buyer CANNOT return the item if it does not fit or if they change their mind. (How awesome is that?!) All sales on Poshmark are final. 

I think that's about all you need to know! If you have any further questions, feel free to ask below in the comments and I'll respond ASAP! Be sure that if you decide to create an account, that you use my referral code: PQWXJ.

Thanks for reading! I hope you enjoyed! 
~Nandry 

9 comments:

  1. Thanks for this post about Poshmark! I have been wanting to branch out from eBay so this will help :)

    I have already signed up am now following you on Poshmark.

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    1. You're so very welcome! Thanks for the follow! :)
      ~Nandry

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  2. Very good post!

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  3. I just imported my store into Bonanza because it's completely free and sync's with your eBay store.

    I hadn't heard of Poshmark! Sounds promising. Always good to be ready for some other option.

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    1. I'm so hesitant about Bonanza because I've heard it doesn't always sync properly. Please let me know how it goes for you though!
      ~Nandry

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    2. I imported my eBay listings on bonanza a few weeks ago. It hasn't synched correctly and it had an old item listed that was sold at least a year ago. I have it set to have me approve everything before the purchase goes through. I'm glad I did.

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  4. It you do not get paid through PayPal how do you receive payments?

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    Replies
    1. Via check or direct bank deposit.
      ~Nandry

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