How To Make Money With Poshmark
Much of this is focused on whether or not you can make any substantial money selling on Poshmark, and if this is worth the time investment that you may have to put into it. There are quite a considerable number of things many of us might want to know about this company before deciding on both of these aspects.
Since being launched in 2011, there have been a variety of Poshmark reviews that have suggested it may not be worth your time, although many others have spoken about how much some users have made on Poshmark.
As such, many people may be receiving mixed signals about whether they should try using it, and most of all, is it safe. Before you decide, it’s worth looking into what exactly the app is and how you can make money off of it. By doing so, you should be able to determine whether it’s a potential revenue stream for you.
What Is Poshmark?
Poshmark is an online marketplace that allows users to buy and sell clothes at a reasonable price. As the business itself notes, it’s a place where you can connect with people whose style you love and helps you to browse a variety of boutiques and closets.
The online store features over 25 million pieces of clothing spread across 5,000 brands, giving users quite a large amount of choice in what to purchase. On the flip side to this, Poshmark is a quick and easy way to sell any of your unwanted clothing for a reasonable amount of money.
According to some reports, Poshmark has made over two billion connections in the eight years since it was founded and has seen over 25 million items listed for sale. Through this time, it has grown to include men’s, women’s, and kid’s clothing, as well as a variety of accessories.
As a result of this growth, it’s become one of the largest eCommerce sites focused exclusively on clothing around the world.
In fact, the Poshmark app has been downloaded more than 5 million times, and currently has a rating of 4.7 out of 5, with almost 145,000 reviews.
Alongside individual buying and selling, Poshmark also features what’s known as “Posh Parties”. During these virtual events, you can browse, buy, and even sell clothing with your friends, with many of these parties focusing on specific themes or brands.
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How Much Money Can You Make With Poshmark?
Many people who are curious about the Poshmark will wonder how much money they can make selling their clothes, and if there is a potential to make it into a full-time online business. There can be a variety of factors that affect this, such as how many clothes you’re looking to sell, how much time do you have, and much more.
While some people may only make a couple of bucks here and there, or even a hundred dollars or so per month, there has been stories of people making $1,000 or more consistently on a monthly basis. Much of this has been driven by the amount of effort they put into selling their clothing through Poshmark, while the condition of your clothing can play a role.
It would be hard to imagine someone making this kind of money by just selling clothes. To make this amount of income, they would more than likely find used clothing in good condition, or find new items that have been marked down, and then resell them on Poshmark. Doing sorta a “buying & selling” deal could probably keep someone busy if they commit to putting in the time.
As such, there isn’t a definite answer about how much money you can make with Poshmark. Instead, it could be said that you can make as much as you want, as long as you put in the effort to do so.
It should also be noted that these earnings can go up over time once you start developing somewhat of a social following. For example, you might not make much money when you have only one or two regular buyers; but when you have a few dozen, or even several hundred, you should start to see your earnings increase.
As a result, you could see a small trickle of revenue in the beginning stages, although this can quickly turn into a constant revenue stream. How long this will take can vary from person to person and how much time and effort they put into growing their presence on the platform.
What Are The Fees?
The fees and the percentage that Poshmark takes from your sales are pretty simple and straighforward.
For any sale you made that is under $15.00, Poshmark will take a flat rate of $2.95 and you get to keep what is left. For any sales over $15.00, they will take 20% commission and you will get to keep 80%.
Just be aware that your customer will have 3 days from the delivery date to accept the item that they purchased. If they decide to keep the item, your funds will be released to you on the 4th day after the items were delivered to your buyer.
Once the funds are released to you, you can withdraw your money or spend your app earnings whenever you want.
How to Get the Most Out Of Poshmark
When it comes to getting the most out what poshmark has to offer, many people may not know what to do. This is especially true if it’s your first time buying or selling clothes online. There are a variety of things that you’ll need to keep in mind to do so.
The first of these is to remember that it’s designed for social interaction, which is one of the core differences between Poshmark and many of its competitors. As such, you’ll need to spend a certain amount of time interacting people to start seeing positive results on your profile.
Many people may treat the platform and app similar to Instagram by posting a photo and waiting for results to come in. In the majority of cases, this isn’t going to happen, especially in the early stages of your time on the site. Instead, chatting with people and liking and following posts can help to get your name out on the app.
Alongside this, you may want to think strategically about when you post your listings. Depending on who you’re targeting, there can be a few times during the day, when posting will be the most effective.
This could be during the evening or night, as many people will be more likely to scroll through the app and stumble upon your listing. Should you post it too early, then you run the risk of it being buried under other listings.
Much of this can be done through trial and error, so it could be worth experimenting with posting times over a week or so.
You should also ensure that you take well-styled clothing and highlight how the clothes look when they’re being worn. By doing so, you’ll be able to help people envision themselves wearing the items, which could improve your chances of selling them.
Pricing your items fairly is something you should pay particular attention to. While everybody wants to ensure that they get as much money as possible for their clothing, going too high can often be off-putting for potential buyers.
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Pros & Cons Of Using Poshmark
As with any online service you may use, there will always be pros and cons associated with that particular company. Fortunately, in my opinion, the pros of using Poshmark far outweigh the cons in this case.
There are quite a significant number of online marketplaces that allow users to buy and sell clothes. As such, many people may be curious as to why Poshmark stands out, and what the overall benefits of it are.
One of the most notable advantages is that it’s quick and easy to set up your profile and start buying and selling. When establishing the profile, all you’ll need to do is input some key information, and then you’ll be able to get going.
For people looking to sell, you’ll simply have to take a photo of the clothes or accessories for sale and then post through the website, or on the app. Poshmark also provides a variety of photo-editing tools to help you create a professional image that can make it much easier to sell.
This ease of use is summed up perfectly in Poshmark’s motto of list it, share it, earn cash. While many other apps may claim to be easy to use, few are on par with Poshmark in this regard.
Alongside this, Poshmark provides a variety of other benefits that you may want to take advantage of. One of the more notable of these is free authentication of the clothes you’ve ordered. During this process, the clothes you’ve bought will first be sent to the company’s headquarters where it’s then examined.
While there, professionals will check tags, logos, quality, and a variety of other factors to ensure that it’s authentic and what you ordered. Once done, the clothes or accessories will be carefully repackaged and posted to you.
If its authenticity cannot be verified, then your money will be refunded, and the clothes sent back to the seller. As such, you should be able to rest easy knowing that you’ll be getting what you ordered. One of the only negatives in this regard is that authentication is only available for orders over $500.
When it comes to posting a product that you’ve sold, there are a few advantages to Poshmark compared to many others. One of the most notable of these is that you shouldn’t have to pay for delivery. This is primarily because sellers will receive a prepaid, pre-addressed shipping label for their package.
As a result, you can reduce your overall selling costs significantly, which is something the majority of people will want to take advantage of. This can also be beneficial for buyers, as it means that the address shouldn’t be wrong when it’s shipped.
The primary reason behind this is that the label will include the address a buyer has specified, so you should be able to ensure that everything is correct and that there are no typos.
Alongside all the above is the social aspect of the app, which is something that many others can’t offer. Instead of just being a place where you can buy and sell clothing, it feels much more like a community where you can feel welcomed.
This isn’t really a reflection on Poshmark as a company, but rather just a situation that you will run into dealing with a huge online world and people you don’t know.
Unfortunately, you will not be able to please everybody you will be dealing with. That is just the nature of the beast. Whether they didn’t get their shipment on time, or the color didn’t look the same in the photo, some people just won’t be happy no matter what.
Just don’t try to deceive your customers and get your products shipped in a timely manner. If you do these few simple things, you will be fine.
Again, this doesn’t have anything to do specifically using Poshmark or the Poshmark app, But on the money-making side hustle part, one of the few drawbacks, is that it can take quite a significant amount of time to start making a noticeable amount of money.
While there are a variety of factors at play here, and several things you can do to improve your earnings, it could still take longer than you might want to make money.
All in all, I can’t find too many negative reasons not to use Poshmark’s online services.
Is Poshmark The Path To Online Success?
With all the above in mind, many people may wonder whether using Poshmark is worth the hassle, or can they really grow it into a full time endeavor. Much of this can depend on the time and effort that you’re willing to put into it, which is similar to many other revenue streams that you might be considering.
Despite what some Poshmark reviews may have you believe, you can definitely make a little bit of cash here and there as a part-time gig, but I personally don’t see it as a way to make a full-time living.
However, if just trying to clear out your closet or wardrobe, selling your items on Poshmark itself makes it as easy as possible to get this ball rolling. In fact, I still have the app installed on my phone right now, and my wife has used it numerous times to get rid of some unwanted clothing.
Final Thoughts & Conclusion
Like I said, I think Poshmark is a great platform to use to clean out the clutter of your closet and make some extra spending money in the process, but I think it would take someone that is really passionate and committed about buying and selling consistently to make a full-time living.
If that sounds like you, go download the app to your phone, or go online, sign up, and see what kind of money you can make.
But, when it comes to starting an online business, there are many different ways to make money online depending on what your goals are.
Again, if just getting rid of all the clothes and shoes that you don’t wear anymore is your main objective, and making a few dollars in the process. Great. There is nothing wrong with signing up or downloading the app on your phone, and start making a little extra cash.
But if you are looking for a totally different way to make a part-time or full-time income online, there is a much better and more lucrative way to do it.
Go ahead an give it a look.