Who does not love online shopping? The convenience of getting everything you want to be delivered right to your doorstep and having millions of options at your fingertips. With so many online shopping websites that have been introduced lately, Poshmark is a marketplace that has made quite a name for itself. The e-commerce brand was launched in 2011 when online shopping was just starting out and has grown a lot since then. In this article, you will learn all about Poshmark, how it works and what are some of the best shopping tips for buyers on Poshmark.
What is Poshmark?
Poshmark is an e-commerce website or an online marketplace for buying and selling secondhand clothing and accessories. It was launched in 2011 by CEO Manish Chandra. It is a multimillion-dollar retailer that doubled its revenue in 2019 from $1 billion to $2 billion. Why is Poshmark special? Well, because it allows thrifting. We all love shopping but paying hundreds of dollars for an item might seem a little too much sometimes, this is where thrifting comes in. Buying pre-loved clothes at a lower price is a sustainable way that also saves you money. Items listed on Poshmark are usually gently used or new. Poshmark is easy to use for both buyers and sellers since the process is like any other online marketplace such as eBay or Etsy.
Currently, Poshmark consists of 7 million sellers and a total of 80 million users. Poshmark also has some social features that allow the users to follow each other as well as like, comment, and share on the listed items.
How Does Poshmark Works?
- Selling on Poshmark:
If you have a few items in your closet that you no longer wear or you do not like and you wish to trade them with something you like much greater, then sign up as a seller on Poshmark to get started. Listing an item on Poshmark is easy and simple, just follow these steps and you are good to go.
Download the Poshmark Mobile App and Sign up or Log in. Select the “Sell” icon at the bottom of the page depicted by a camera. Set the item you want to sell and take a few pictures of it. You can also edit these pictures using filters or however you like.
After your pictures are final, select the category for your item. Write down the details regarding the item, including everything you know such as size, brand, color, quality, and the price you want to sell it for. Listing items on Poshmark is free but you will be charged a small fee after you have sold an item. For items that cost above $15, Poshmark charges a 20% fee and for items below $15, Poshmark charges $2.95.
After someone buys your item, you will be notified about the purchase. Pack your item and get it ready for shipping. You will receive a prepaid label from Poshmark and the money will be deposited in your listed bank account after the buyer has received the item.
- Buying on Poshmark:
Buying on Poshmark is really easy and completely safe. It offers millions of items and there are many categories that you can choose from. You can also filter any item you search to your desired size, color or price. There are also Posh Parties that happen on the app. These are like virtual shopping parties where you can see an item and buy it. These parties also have themes and you can easily browse through them.
You can also make an offer for an item by typing in the amount you would like to pay and bargain with the seller. These offers are like bids and will expire after 24 hours. If the seller decides to go with your offer, you will be notified. After you have received an item, you will get 3 days to ask for a refund or return the item if it does not match the details listed on it.
Tips for Buying on Poshmark:
Here are some tips that will help you get the best items at the best prices if you are a first-time buyer. Although, as you gain experience your game will automatically become better.
- Like and Save for Later:
You can like items on Poshmark and save them for later. This will help you keep a track of all the items that you like and then you can choose between them. You will also get notified if a seller decides to lower the price of an item you have saved. This means you will have the chance to grab this item before others.
- Make Offers:
If you like an item but do not want to pay the listed amount, you can make an offer to the seller defining how much you are willing to pay. The seller will have 24 hours to either reject or accept your offer. The seller can also place a counter offer and you will be notified if your offer is accepted. Make sure the offer you make is justifiable and the seller has not mentioned “firm price” on the item.
- Buy Bundle Items:
Bundle items mean you buy multiple items from the same seller. This means that you will have to pay for the shipping only one time instead of buying every item from a different seller and paying to ship for each item separately. A lot of sellers also offer “bundle discounts” so you can take advantage of them too.
Poshmark is a great online marketplace that offers great variety and is safe to use. It is also a good place if you are considering making a few extra dollars by selling clothes, home accessories, jewelry, and much more that you do not use anymore. Keep the application on your mobile phone to browse through every once in a while. You never know what you might find on Poshmark and just might land an amazing designer dress at an incredible price.