Poshmark is a great social marketplace platform for online selling . It’s a great way to get into e-commerce . You can sell clothing, shoes, and accessories because it has a large audience of potential buyers. The site receives 61 million monthly page views . This means that a lot of people will be seeing your items, giving you a better chance of making a sale.
The resale market is expected to reach $53 billion by 2023. The secondhand clothing market is expected to reach $218 billion by 2026 and accounts for 50% of the total resale market . American Research Group research shows about 16–18% of Americans will shop at a thrift store paytm database during a given year. For consignment/resale stores, it’s about 12–15%. For malls and department stores, it’s 11.4% and 21.3%, respectively.
Poshmark Prices
Poshmark charges a lower commission than other similar sites. Poshmark charges a flat fee of $2.95 for sales under $15 and 20% for items sold for more than $15. This is much lower than the typical 10-15% commission charged by other online marketplaces, such as eBay and Mercari.
Whether you're cleaning out your closet or reselling items you picked up at a thrift store, you can use the Poshmark app to make extra money, either part-time or full-time.
What you can sell
Poshmark is primarily a marketplace for selling clothing , but you can also sell shoes, handbags, jewelry, and other accessories. Other top sellers include gently used baby and children's clothing in good condition and vintage finds. You can even sell beauty products on Poshmark. To succeed on the site, choose items that are in demand and likely to sell quickly, and be prepared to handle return requests.
Pros:
Poshmark's large audience increases your chances of making a sale.
Poshmark charges a lower commission than other similar sites.
Listing items on Poshmark is quick and easy, and the selling process is simple.
Posh Remit takes care of sales tax money transfer for you, so you don't have to worry about it.
Poshmark Protect protects buyers from fraudulent products and items that do not match their descriptions.
Cons:
You may have to compete with other sellers selling similar items.
Shipping costs can be high, especially if you sell heavier items.
How to List Items on Poshmark
Download the App
Selling on Poshmark starts with downloading the smartphone app. Poshmark is available for iPhone and Android devices. After installing the app, create your account using your email address or log in with Facebook.