The Posh Pro Program by Fashion Resale School (2024)

FAQs

How do I become a successful reseller on Poshmark? ›

Selling on Poshmark really comes down to the items you list and the interest of your followers and buyers. It can be annoying, tedious work, but if you're looking to make some cash, it's a viable option.

You get what you put into it

Poshmark's appeal is that it can be either a low-lift side-gig to earn some extra cash, or it can become a full-time business to make a serious profit. But that doesn't mean it's easy. Ratner said it takes a lot of patience and work. "It takes a lot of time to build something.

Pricing your items competitively is vital to stand out in the crowded marketplace of Poshmark. Research similar listings and market trends to get an idea of what buyers are willing to pay. Set prices that consider the brand, condition, and desirability of your items.

Top sellers on the platform earn six-figure incomes while working full-time. One of them is Suzanne Canon, who has made over a million dollars in sales since she began selling in 2012.

There's no set number of followers you need to make sales on Poshmark. However, having more followers does increase the likelihood of making sales as it means your items are getting more exposure.

The '30-minute rule' on Poshmark is the idea that sellers who list, share, follow and comment all in the span of 30 minutes will increase their chances of making sales and increase their followers.

Disadvantages of Poshmark

Dependence on rating - Negative ratings and reviews can significantly affect an online store and the seller's reputation. Payment wait time - Delays in payments are common, and users need to wait until the buyer receives the item to receive their earnings.

The best sellers on Poshmark are generally products from big brands; while you may be able to sell a generic pair of jeans, you probably won't be making big money. In contrast, Mercari is more like an upmarket garage sale. The platform lets you sell almost anything, from collectibles to beauty products.

Shipping fees are typically paid by the buyer unless the seller specifically chooses to offer free or discounted shipping. Sellers have the option to offer $5.95, $4.99, or FREE discounted shipping which gets taken out of their total earnings.

How long does it usually take to sell on Poshmark? ›

How long does it take to sell on Poshmark? On average, it can take anywhere from a few days to a few weeks to make a sale. While it's a general rule that more popular items with quality photos at an attractive price sell faster, statistics will still vary from one category to another.

Poshmark share jail is a temporary restriction that limits a user's ability to share on the platform due to violations of the platform's sharing policies.

Poshmark strictly prohibits the sale of illegal items, including but not limited to, replicas or fakes, products derived from threatened or extinct species*, anything requiring a prescription, medical products / items making medical claims (for example N95 masks), live animals, food, misrepresented Native American or ...

As with any popular multi-vendor marketplace platform, the unfortunate reality is that Poshmark is not an exception when it comes to scammers. Using this site requires one to have a sharp sixth sense for fraudulent transactions.

There are many great places to source inventory for Poshmark which include thrift stores, consignment shops, garage sales, flea markets, online marketplaces, and wholesale suppliers.

Many people find success selling home decor items and small, lightweight appliances on Poshmark. This is especially great for Poshmark sellers who aren't able to find a lot of popular clothing brands in their area.

Embrace your offers.

67% of all sales on Poshmark happen through offers. Send Offer To Likers to engage shoppers with a can't-miss discount. 50% of daily Poshmark sales are from listings that a shopper sees for the first time that day. Act swiftly and send offers when shoppers are most interested!

In general, you don't need a business license to start selling on Poshmark. But, when you start making big profits selling more items more often on Poshmark, you may want to ensure you have a business license. Having a business license will make everything smoother regarding taxes and other income reporting.