While some people only consider Poshmark to be a way of getting rid of the clutter that they've accumulated over the years, there are others who view this platform as a legitimate source of income. In fact, it's reported that many full-time sellers are raking in six figures each year. If you're a Poshmark seller who's interested in making more money on this platform but aren't quite sure how to do it then check out these essential tips.
1. Research Demand
There are a lot of sellers who tend to rely on their own sense of fashion when deciding what they want to sell. However, if you want to sell more clothes then you need to focus on what brands people are the most interested in. Log on to Poshmark to find out which brands are popular all year long. This way, when you shop for more merchandise, you can keep an eye out for these specific labels. Another way to figure out what people want is to check the closets of other sellers. Which items seem to be selling the quickest? Which brands do the top sellers they seem to always have in stock?
2. Research Pricing
There's nothing wrong with listing an item at an extremely high price, that is, as long as someone is willing to purchase it. One problem that a lot of Poshmark sellers tend to face is pricing items too far above or below what they're actually worth. If you price the item too high then people will assume you're trying to take advantage of them. If you price the item too low then your buyers will assume that there's something wrong with the item. So how do you reach the perfect balance? You have to research prices according to other Poshmark sellers.
Even if you believe that the item you're selling is rare, there's bound to be someone else who is offering the same thing or something similar. If you want to ensure that the item doesn't sit in your closet for months then you need to base your pricing on those of others. This way your merchandise will be competitively priced.
3. Be Willing to Compromise
A lot of people are drawn to Poshmark because it gives them the ability to negotiate prices. Unfortunately, sellers can sometimes be too rigid when it comes to negotiations. In fact, some people state that all of their prices are non-negotiable. As a result, they'll scare buyers away and their item will sit for months at a time before it finally sales.
Before creating a listing, you need to take a serious look at the item and estimate its true value. Search Poshmark to find the average cost. Search the retailer's website. This way, you'll be able to set realistic expectations for yourself. Of course, you should never give an item away, but it's a good idea to do practical research on the front end and be willing to compromise with the buyer.
4. Ship as Soon as Possible
One of the keys to making more money on Poshmark is to pay attention to what happens after the sale. This is because the majority of your sales will likely come from repeat buyers. So it's important that you deliver an excellent experience with each transaction.
A huge part of the customer experience is the shipping phase. The customer is often anxious until they receive the merchandise that they've paid for. If you want to ensure that they make another purchase from you it's a good idea to ship the item as quickly as possible. Luckily, Poshmark makes this process easy as they provide free shipping materials. You should also communicate with the customer from time to time until you're sure that they've received the item. One of the benefits of having fast shipping times is that it results in great reviews.
5. Be Extremely Descriptive
One of your biggest selling points is your item description. And there's a good chance that you haven't used this section to its full potential. When it comes to creating a captivating description you need to do more than state the color and brand. You need to use this space to make sure that the customer is completely familiar with the item. What are the measurements? How can it be accessorized? Are there any flaws? Try to answer any question that you assume your potential buyer may have. The more thorough you are, the higher your chances of selling the item quickly.
6. Share at Parties
If you ask the most seasoned Poshmark seller about the secret to their success, they'll likely tell you that it's engagement. Specifically, they share their closets in Poshmark parties. What makes parties so popular is that it exposes you to an extremely large group of people. You get to sell to people other than your followers.
Currently, Poshmark hosts four parties each day. Each party has a theme so it makes sharing much more interesting and engaging. However, you shouldn't just share your own items, you should also share the items of others. Sometimes people will share back. When you share regularly and consistently it usually results in more followers. So the more you share, the more popular your closet becomes and the more sales you make.
There's no way around it, if you want to sell more clothes on Poshmark then it's going to take a significant amount of time. This is especially the case when it comes to things like sharing and following. Poshmark is a platform that requires constant engagement so it can be somewhat overwhelming at times. If you want to cut down on the stress you can always use a Poshmark bot to carry out a sharing and following schedule. A Poshmark bot can take care of the tedious parts while you focus on interacting with your customers and ensuring that you're delivering great service.
PR Friendly Mama!
I'm Brandy, a happily married, proud mama of two munchkins and a teen. You can read more about me HERE. If you're interested in building a working relationship, please feel free to e-mail me at: NewlyCrunchyMamaOf3@gmail.com
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