Do you have extra stuff lying around that you don’t wear or use? Why not turn it into cash by
selling it online with Poshmark. I’m Beth from Team Clark and I’m going to walk you
through the Poshmark process to show you how to turn your extra clothes into extra cash.
Poshmark is an extremely popular resale platform that combines shopping with social
media interaction. Let’s log in so I can show you. Download the app and create your login.
Once you fill in the initial information, you can add some of your sizes and provide your
zip code to complete your profile. Then Poshmark will have you follow a few brands that you like
so that its algorithm can recommend items for you. Next you can add your contacts, Facebook
and Twitter if you want to connect with friends who also use Poshmark.
Once you’re done, you’ll see your feed. Poshmark is a cross between social media
and a sales platform so you can follow, like, comment and share posts as well as listing your
own items to sell. You can buy and sell women’s, men’s and kids’ clothing, shoes and accessories
as well as items for every room in your home. In your feed, Poshmark will show you items you
might be interested in buying based off of the information you provided. Sometimes when you
open the app you’ll see sales parties in your feed as well as in the notification section.
You can get to your notifications by clicking the bell at the bottom of the screen.
On the top scroll bar in this section, you’ll see all the notification categories. These categories
really help you sift through all your alerts. You'll get a lot of different notifications, since
the app acts as social media and a sales platform. If you’re looking for something specific to buy,
all you have to do is search for it by clicking the magnifying glass at the bottom.
On some pages there may also be a search bar at the top.
When you search, you can narrow down results by using the filters.
The search function can also help you when you’re getting ready to sell something. If you don’t know
how much to list your item for, search for it and see what other people are charging for comparable
items. Make sure you pay special attention to the condition of each item when doing your research.
Okay, now that you know how to navigate the app, let’s create a listing to make some money.
Grab the item you want to sell. Make sure that it’s clean and in a well lit place so that your
photo will catch a potential customer’s eye. Now, click the camera icon at the bottom of the screen.
Your phone’s camera will open so that you can snap a picture to serve as the cover photo of
your post. Like some other social media platforms, you can edit and filter the picture -- but don’t
change it too much. You want buyers to have an accurate impression of your item.
After taking the cover photo, you can add more pictures to show off features
and details of the item. Once you’ve added pictures, fill in your listing details,
including what you’re selling, a description, the item category, quantity, size, brand, and color.
You’ll also be asked if the item is New With Tags. If so, you’ll also be asked whether it
should be classified as a boutique listing. This label means that the item was purchased
directly from a brand or distributor and that the item is being sold for the first time.
To finish the listing, add the original price of the item and the price you want to sell it for.
If you don’t know the original price, search for your item online. Be as descriptive as possible
to find the most accurate price out there. Then you’ll input your listing price. The
listing price largely depends on the item’s condition and original price.
If you aren’t sure how much to charge, use the Poshmark search tool as I mentioned
before. You can scout out your competition on the app or look on other resale platforms to compare.
When you enter your list price, you’ll see how much you’ll earn if you sell at that price.
While it’s free to list items on Poshmark, they do charge a sales fee.
For sales under 15 dollars, Poshmark takes a flat 2.95 fee.
For sales that are 15 dollars and over, Poshmark takes 20% of the listing price.
These fees are part of how Poshmark makes money, but they do a lot for you too.
The app handles the payment including tax, gives the seller a pre-paid and
pre-addressed shipping label and provides customer support and buyer protection.
At the bottom of your listing details, you can mark the availability of the item.
You can put it up for sale immediately, create a post that’s not for sale
or drop an item at a specific date and time. Dropping items in the future gives you some
time to share the post and build hype around an anticipated item.
This tactic is more advanced and usually works better if you’ve already built a following.
Poshmark has a lot of features that allow for someone who wants to resell as a job
or side hustle to manage their items efficiently.
Adding additional details at the bottom of your listing such as using an SKU to identify the post,
inputting the real cost price to you, the seller, and adding other tracking
info. You’re the only one who’ll be able to see those additional details.
Once you've filled in the details, click Next in the upper right corner.
You can share your listing to Facebook, Snapchat, Pinterest, Twitter and Tumblr from this page.
Sharing your post to other platforms gives it more exposure and could lead to a quicker sale.
To finish, click List. Your post will be shared with your followers and other Poshmark users. When
I listed my first item, I gained a ton of new followers very quickly. I think the well-known
brand and popularity of the item contributed to this initial wave of likes and follows.
Now you just have to wait for your item to sell. There are a few ways you can promote your listing.
Click the account icon in the lower right-hand corner,
then select “My Closet.” Here, you’ll see your profile details including all your listings.
Choose the listing you want to edit, then select “Offer / Price Drop.” You can make
a special private offer to people who liked your post. Poshmark requires that this offer
is at least 10% below the listing price and that it includes a shipping discount.
You can type your own new price or use the easy sale calculator button to choose the discount
you want to offer. Then choose the special shipping offer. Your net earnings based off
of the new price will be displayed underneath. Any offers you submit will send a notification
to people who liked your post. The offers are binding and will last 24 hours.
If someone buys the item at a discount from the offer, their payment will be processed.
To complete the offer click “Submit” Under “Offer / Price Drop” you can
also click “Edit Listing Price” to change the public post for a Poshmark-wide sale.
This change will also send a notification to everyone who’s liked your listing.
You aren’t required to offer as deep a discount by using this method, but if you click the calculator
icon, Poshmark will suggest that you take 10% off your lowest list price. To do this,
select “Apply Suggested Price.” Then click Next, share where you want to and click List.
If you don’t want to change the price, you can re-share the post to Poshmark
Parties that you’ve joined, your followers, on other social media
or directly to people you know via a link to the post.
Once you’ve made a sale, you’ll get a confirmation email with a shipping label attached. You’ll have
to print it and attach it to the outside of your shipping box. It’s important that you use this
label so that Poshmark knows when the item was delivered so that they’ll release your earnings.
Poshmark recommends that you use a free USPS priority mail box
or a regular brown box. Make sure to pack your item with care, especially if it’s fragile.
Once you’ve packed it up, drop it off in a USPS mailbox or directly at the post office.
Provided there are no returns or other issues on the buyer’s end with the item,
Poshmark will release your earnings to your account within 3 days of delivery.
You can receive money via direct deposit or a mailed check.
Poshmark says that direct deposit requests normally take 2 to 3 business days. I hope
you found this video helpful and that you’re successful making extra money with Poshmark!
Have you used Poshmark or another app to resell? Tell us about it in the comments.
Subscribe to our channel and watch some of our other videos to learn how you can make extra cash.
And find every-day ways to manage your money at Clark.com.