If you’re looking to make some extra cash, try looking in your closet first.
Some experts suggest that we only wear 20% of what’s in our closets on a regular basis. So it might make a lot of sense to monetize what’s in your wardrobe before buying new. But how? With the emergence of online marketplaces meant for the resale of clothing, shoes, and accessories, it’s easier than ever to make some extra cash on clothing or other items you don’t wear anymore.
Learn the best tips for selling on Poshmark, from clothing and shoes to accessories, plus what photos work best, ways to share your listings via social media, and even how to join the app’s virtual shopping events.
Poshmark declares itself as the largest social online commerce site where users can buy and sell fashion items such as clothing, shoes, and accessories. The site boasts more than 25 million items uploaded via cell phone and 5,000 different brands for sale on the site and app. Poshmark offers both new and used items for women, men, and children.
Here’s How It Works
Simply download the Poshmark app—it’s free and available for iPhone and Android.
Next, snap a few photos of your item on your phone right in the app. You can even enhance the photos by adding a filter.
Then, fill in the item description with as many details as you can. Lastly, add the price, click done and your item is officially listed.
Once you sell an item, Poshmark sends you a pre-addressed, pre-paid shipping label via email. All you have to do it package your items and drop it off at the nearest U.S. Postal Service (USPS) mailbox or arrange for home pickup.
Sellers can participate in Posh Parties, which are virtual shopping parties during which sellers can shop for a specific item or brand.
Buyers on Poshmark are protected with the app’s eponymous Posh Protect, the app’s guarantee that items listed for sale arrive as described. Poshmark doesn’t release funds to sellers until the buyer receives the item and confirms it’s as described via the app, which means there’s no undisclosed damage and the item is authentic.
All orders over $500 are first shipped to Poshmark headquarters to undergo the official Posh Authenticate verification process before being sent to the buyer.
If there is damage or an item isn’t as it was described, buyers can return the item for a full refund within three days of receiving it. If a buyer doesn’t receive an item within seven days, they can cancel the order and the seller’s item will go back to being listed for sale.
Poshmark charges a fee for selling via the app. For sales under $15, it’s a flat rate of $2.95. For sales of $15 or more, it’s 20% of the item’s selling price.
Poshmark pays sellers within three days of a buyer confirming that they’ve received an order. The funds are deposited into your Poshmark account and can be used to buy something on the site or within the app, or can be withdrawn and deposited into the bank account of your choice. You can also request a paper check.
There are several things you can do to help your items sell more quickly. First, be sure your photos are clear and taken in a good light. The more professional your photos look, the more likely your item is to sell. You may also consider styling or modeling the item for the cover shot of your listing, which is the first photo potential buyers will see. Remember great photos equal a great listing.
Second, write an accurate and detailed description of every item. List the color, material, brand, size, and any other relevant information in the listing.
Include styling tips for the item so buyers can visualize how it might work in their wardrobe.
Lastly, be sure to disclose any damage, wear, or defects on your items. Sellers on Poshmark are protected by Posh Protect and can send an item back within three days for a full refund if it isn’t as described in the listing.
There are also several marketing opportunities sellers can take advantage of to sell more successfully via Poshmark. You can now share your listing via your social media channels directly in the app. It’s integrated with Facebook, Instagram, Pinterest, and even Tumblr. This could help get more eyes on your listings and hopefully, increase your chances for a successful sale.
Poshmark also lets you offer certain buyers a discount. If a buyer has added one of your items to their Bundle on their profile, you can select the item and click “offer” to privately offer them a better price on the item. The discounted price will only be good for 24 hours, so if the buyer doesn’t accept it in that time frame, the deal is off. But if they do accept it, the sale happens automatically and you’ll receive an email with the shipping label.
Pros and Cons of Selling on Poshmark
Selling on Poshmark can definitely be lucrative for sellers—if you do it right. Plus, it gives you the option to monetize your closet and make some extra cash by selling clothing, shoes, and accessories you no longer use or wear. That money can be used to build your emergency savings, pay down debt, and more.
The app’s seamless shipping process combined with its easy listing process also makes it a snap to use for both buyers and sellers.
But there are a few cons associated with selling on the app. First, sellers are able to haggle prices with buyers, which can take time or result in a less-than-ideal price.
You can refuse offers or mark an item at a firm price to avoid haggling with buyers.
Another con is the fees charged by the app. For sales of $15 or more, Poshmark collects a 20% commission, which might be seen as a bit steep by resale standards.
The Bottom Line
Selling old or unused clothing and accessories on virtual marketplace Poshmark can help you make some extra money—but you have to do it right. Be sure to prioritize photos and descriptions of your listing, and don’t forget to take advantage of marketing opportunities, like Posh Parties or promoting your listings on your other social media channels.