How to Make Money on Poshmark: Boost Your Cashflow from Your Closet
As we are inching closer to Christmas, many single moms find themselves needing extra cash or financial support. Single Mom Spot is connecting women like you to inspiration, resources and helpful information so that you can live your best life now.
Ladies, Say Hello to Poshmark
As a leading (and trending) brand online that gives you the ability to start a store right out of your closet, we have to talk about Poshmark (if we are addressing quick, accessible ways for you to make more money).
This online platform for selling gently used clothing, shoes, and accessories is a favorite among many—especially single moms looking to make some extra cash. (It’s also great for single moms wanting to look stylish on a budget, too.) If you’re a single mom who has some nice things you could sell, why not utilize our best tips for how to turn Poshmark into extra cash flow. Because, after all, every single mama out there could use some extra funds.
Here’s our top tips for how to turn Poshmark into extra cashflow…enjoy!
First things first: know what is trending
Just like you don’t want to wear last season’s looks, neither do the people shopping on Poshmark. It’s important to know what’s trending, and you can keep up with this need-to-know info by checking out their latest Poshmark Trend Report here.
But, in a nutshell, here are some of the best brands to sell on Poshmark based off popularity.
In terms of jeans, we all know that the skinny look is out, so don’t expect to turn your dozens of skinny jeans into quick cash on Poshmark. Here’s the latest in terms of jean brands and styles most requested on Poshmark:
- Rag & Bone
- Miss Me
- True Religion
- Lucky Brand
- Rock Revival
- Citizens of Humanity
- American Eagle
For jean style, the most sought-after are: wide leg, high-waisted, boyfriend, flare, raw hem, thick stitch, and destructed/destroyed. So, if you’ve got brands and styles like these just sitting there collecting dust, put them for sale on Poshmark to make some extra cash.
In terms of brands of clothing, some of the most highly searched are: Lucky Brand, Free People, We The People, Tory Burch, Lily Pulitzer, and Zara. When it comes to handbags, many shoppers search for Michael Kohrs, Kate Spade, HOBO, Coach, Dooney & Bourke, Rebecca Minkoff, and Betsey Johnson. In terms of high-end handbags, those would be Chanel, Prada, Louis Vuitton, and Tory Burch.
If you’ve got athletic wear that you’re hoping to sell on Poshmark, brands like Fabletics, LuLu Lemon, Patagonia, Athletica, Adidas, and Nike are all top sellers on Poshmark in terms of athletic wear.
Remember, style is key, so in order to turn Poshmark into extra cash flow, you’ll want to be sure you’re listing items for sale that are on trend and desirable. Right now, many love bell tops, flared jeans, crop tops, and anything floral. Keep seasonal colors in mind, and advertise your listings based on colors that are in season, for example, autumn color matches for fall, like olive green, mustard, and burgundy pieces.
One of the best things about Poshmark is that they make the selling easy for you. When you make a sale, you’ll be provided with a pre-paid, pre-addressed label that you’ll just need to print and bring to the post office with you when shipping. You can even arrange for your package to be picked up to send too, it’s that simple! Once your buyer receives their item from you, you’ll receive your money within three business days.
Understand the fees when it comes to Poshmark
Obviously there are going to be fees attached when it comes to selling on Poshmark since you’re getting to use their platform to make money. A breakdown on the seller fees on Poshmark are as follows:
Our fees are very simple and straightforward. For all sales under $15, Poshmark takes a flat commission of $2.95. You keep the rest. For sales of $15 or more, you keep 80% of your sale and Poshmark’s commission is 20%. Once your sale has been delivered and received by your buyer, the earnings from your sale are yours. You can spend your earnings within the app or withdraw your money as cash whenever you like.
Consistency and keywords are key for turning Poshmark into extra cash flow
Consistency over time is the best method of success for anything in life, and this proves true for becoming a successful seller on Poshmark, too. In addition to remaining consistent with listing items in your store on Poshmark, you must take the time to understand the importance of utilizing keywords in your listing.
Think Like a Buyer
To put it simply, think in the way in which your buyer would think. That’s how you come up with your keywords.
What terms would they use to search for clothing or other goods on Poshmark? Once you understand your target audience that you’re wanting to sell to on Poshmark, this is your best tool for success. Want to be super successful on Poshmark? Then take the small amount of time to make a huge difference with your listings. All you have to do is include the designer’s name, style name and number, and the size of the garment your selling with each listing. And never list all at once, keep up with your consistency of featuring items a little at a time. This helps to make your store interesting, and you’ll see this as you steadily gain followers of your store. And always remember, ratings are very important for the success of sellers on Poshmark. Keep open lines of communication with your buyer’s, be available to answer any questions, and even throw in a nice little thank you card with their purchase.
Understand pricing and stick with it
Of course the point of selling on Poshmark is to make money, so you’ll need to add a gentle cushion to your listings so that you can make some money. But, you’ll need to price your items comparably to other listings so that you can be successful on Poshmark. No one is going to buy overpriced items if they can find those exact same items for less through other sellers. When listing your own items, it’s crucial you understand their price points in comparison to similar listings.
Make sure you have nice images that show off your listings
You don’t have to transform yourself into a professional photographer, but poorly lit images of your garments and accessories will decrease their chances of being sold. To be successful on Poshmark, you must understand that appearance is key, and treat your store like the flourishing side hustle it will soon become if you do things the right way. Try to take clear images of your listing items in bright and natural light and only use the best photos. We all know that clothes look better when they’re being modeled on a person, so try searching with that style name and number of the brand for your item to find a model wearing the garment, and include that in your listing.
Advertise your Poshmark store on social media
Social media can be a powerful tool that you can use to your advantage when it comes to becoming a successful seller on Poshmark. If you have a wardrobe that’s always been the envy of your friends and family, why not let them know you’ve got an online store now? It’s a great way to get the word out that you’re selling on Poshmark, and sharing your online store link is very simple.
Try becoming part of a “Posh Party”
You may have no idea what this is, but don’t worry, we’re here to explain all you need to know. Essentially, a Posh Party is a virtual gathering which takes place daily on their platform. These virtual parties occur four times per day: 11AM CST, 2PM CST, 6PM CST, and 9PM CST.
Each of these parties are broken down into groups. Here’s how they’re categorized:
Brand party – An example is Preppy: J. Crew, Kate Spade, Vineyard Vines & More Party.
Category party – Best in Tops, Best in Jeans, Makeup, etc.
Department party – Men’s, Plus Size, Petites, Kids, etc.
Style party – Summer Staples, Fall Vibes, Athleisure, Work Wear, Girl Boss, Date Night, etc.
Anyone has the ability to attend a posh party, and it’s a good idea to attend a few so that you can best understand how the parties work and what’s expected of the host. For more on how to host your own Posh Party, check out this detailed blog on Poshmark’s blog.
Do you have any tips and tricks of your own which have helped you to become a successful seller on Poshmark? Single Mom Spot and the rest of our readers love to hear your expert advice—leave us a comment and share below!
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