New Way to Earn Money--Reseller in Poshmark

Reselling On Poshmark I probably would have never decided to become a reseller on the on-line store known as Poshmark had it not been for the lockdown. I found myself at home with my favorite hobby of thrift shopping stopped. I did continue to haul away yard sale items from a friend who was backlogged with items she could not store; mostly clothing. My son built a long rod for hanging clothing on our carport as there were too may items to keep stacked in boxes. We gave away tons of clothing, but were left with alot. With my long-time hobby of watching thrift shoppers on-line on YouTube, I had learned many things about how they used the application for the on-line store called Poshmark. I decided to study how to use this app and decided to list the clothing i had leftover which turned out to be 415 items. After I had posted 100 items, things began to sell and I kept going. Along the last few months I have learned a lot about business and customers and human behavior as well as having sold about 300 items which earned me about $5,000. Never fear, I paid taxes on the earnings through last December and will pay again this year. Would you pay an extra $500 to earn $5,000? I did and was happy about it. Selling on Poshmark is not easy and if I had had to buy the items I've sold, I would not have earned much of a profit. Here is my advice to anyone who is thinking of starting your own closet--that's the term they use for the items you plan to sell. First, as with all endeavors, you need to begin by studying the rules and regulations and preparing yourself to learn. NEVER go shopping for items to sell before you have a clear understanding of what is likely to sell and what won't. Do not believe people who are trying to get you to join Poshmark. It may not be for you. It is NOT a part-time job. You must work EVERY day. The app requires that you "share" your closet and the closet of others every day. You must do this to keep selling. There are also very strict rules about shipping. Once an items sells, you have to get it in the mail. You can't take a few days off and leave this unattended. When you work for yourself, you rarely have a vacation. NEVER spend on items to resell. You will lose money. You have no idea what sells and what prices are best. It may take you a year to get a grasp of this, so do not go into debt thinking you will earn big dollars. The resellers on-line who are trying to get you to try Poshmark are not making as much as they claim. They do not have to tell you the truth, and even if they show you some page they say is real, it may not be. They are making money when you watch their videos and they will say and do anything to get more subscribers. Do not pay for advice. Use the Poshmark site and read thousands of comments. Check real facts. Over 30 million resellers are selling on line. That is a lot of competition for you and your little closet. Many resellers get items at Goodwill bins for pennies, you probably can't. Most thrift stores are aware of resellers and have raised prices so they will earn the profit and not resellers. So, be careful. Even though resellers have their prices listed, you do not know how much the items sold for and how much of that was earnings. Poshmark takes the first $3 of all sales and 20% of anything over $15. You also pay sales tax which is taken out before you get your payment. People can return the items, and once an item is returned, it is difficult to sell it as it is marked as already sold and returned. In other words, there are numerous ways you will not earn money. My favorite rule at Poshmark is BUYERS PAY THE SHIPPING FEES (unless the package weighs more than 5 pounds). In order to sell an item, it MUST be clean and cannot have odors. You must also know what it cost new; this requires research which takes time. You must make photos so you need a phone or camera and the skills of how to upload. You have to write a description and make photos of any flaws or rips or tears. Again, this takes time. Once an item sells, you have to ship it within 3 days or get a bad rating. IF you get too many bad ratings, customers won't shop with you. Any package can only weigh 5 pounds or you pay for extra shipping which can run $7 for the next pound and any amount of ounces is considered a pound. You can lose all profit and own Poshmark money on an item if you don't watch it. Customers can bundle items so they save shipping fees. Some will try to bundle 4 or more items knowing that you will be stuck with shipping fees. IF you don't know the rule, you lose. This is why studying is important. You need a system for storage and this requires space an organizational skills. You MUST have a bank account and a credit card since this is how you get paid and is required by the company. You have to name your closet and have the skills to use a program on the computer to upload photos and design your site. Many names used are something like Judi3455488 or made2sell4546, in other words gibberish. You cannot do Poshmark without a printer that works in your home and an e mail address to your phone or desk top. You will be sent a label to an e mail address and without that label, you can't sell. Pricing is important. You will readily know if you priced a item too low as it will sell within one minute of being listed. You cannot raise a price once an item sells. You will also know if you have it priced too high as customers will tell you. Other resellers who know the value of items will buy from you if they see that they can buy low and resell for more. Again, it will take you a lot of time to learn these tricks. Once an item is delivered, the customer has 3 days to reject or accept. They are supposed to give you a rating and that is when your money get released to the Posh app. You have to go on-line and redeem the payments. If a customer does not give you a rating, the money is released in a few days, but it is not a quick payment kind of thing. You are, generally, waiting on payments for items you shipped last week. Do I recommend you become a reseller, yes and no. Do not get into this thinking you can quit your day job. Study, learn, be ready to deal with crooks and cheaters. Give it a few months and see how you like it. Do NOT go into debt and do not spend and shop before you learn more. The Post Office provides you with free shipping supplies. So long as you print the label and attach it to the envelope they give you or put it in a box if it is too large for an envelope, the USPS will mail it for you. My best advice is for you to study and learn. Set a reasonable goal for sales. Do NOT spend and do not shop. Do not dive in head first. You do not need a bunch of new gadgets and machines. Take baby steps and see how it goes. Tip: name brands sell best. Nike is the number 1 seller, anything with Michael Jordan on it, and Adidas as well as Tommy Hilfiger also could sell well. This does not mean you will sell these things. Remember, there is a of competition. Don't even try to sell sizes small and medium. IF you do buy an item of clothing to sell, stick to L, XL and 2X. Most folks go up a size when they purchase used clothing. Good luck. This top might sell for $9; earning would be about $4.