Welcome to the second installment of The Poshmark Series, where I’m walking y’all through how to make some moolah on Poshmark. You can read the intro post here, or you can keep scrolling to find out why I recommend Poshmark over other reselling options.
Poshmark VS. ThredUp
ThredUp is an online consignment store. They send you a big bag, you shove it full of high-quality name brand items and send it in. Prior to them sorting the bag you can pay a fee to have anything they won’t accept returned to you, or you could forgo that expense and they’ll discard the unaccepted clothing. They take the shipping charge off of what your bag is worth and then they give you a ThredUp balance of that amount. After two weeks or so you can redeem it for a visa gift card sent via the mail. The waiting period is probably in hopes that you’ll choose instead to spend it on their site.
ThredUp is better than Poshmark if you have piles of clothing you’re on the verge of donating and making $0. If you have a bunch of clothes you want out of your house ASAP, then ThredUp is the best option for you. You can join with my link and receive off your first purchase.
Poshmark is better than ThredUp if you are wanting to have control of the money you make and you have the time/space to dedicate to clothes you’re waiting to sell. Your items may not sell immediately, but you get to choose the price and you get to control how low you’re willing to sell them.
Here’s why I choose Poshmark over ThredUp: I once found a pair of Athleta leggings at the bins. I only paid 75 cents or so for them. They weren’t in my size, but I thought they were a pretty good find. This was pre-Poshmark for me, so I sent them to ThredUp expecting to make some good money off of it. They gave me $4ish dollars for the leggings, and within 24 hours they had sold them for $54. No. Thank. You.
Poshmark VS. eBay
I have been selling my old Victoria’s Secret PINK sweatpants on eBay since… well, forever. Most of my sweats came from various thrift stores, so I tend to acquire overflowing drawers full, then I’ll sell a bunch and then re-fill the drawers. Most people know how eBay works, but here’s an overview just in case. You can list your item to sell or auction and it’s seen by a lot of people. Buyers can bid and outbid and they have a bit of a choice over how much they’re willing to pay. You, of course, can set the starting bid or buy it now price.
Where ThredUp is the middleman between buyers and sellers, eBay is less so. You are in charge of determining shipping costs and deciding which shipping method to use and invoicing the buyer, unless you have a set shipping fee.
eBay is better than Poshmark if you want to sell a variety of items. Poshmark is strictly clothing, shoes, accessories & NWT makeup items. If you have lotions, trinkets, etc. eBay is your way to go. It also is more widely known, so your potential audience is much greater.
Poshmark is better than eBay if you don’t want to deal with the hassle of shipping. I’ll talk about this more in a later post, but they charge a flat shipping rate of $6.95 for 2-3 day delivery up to 5 lbs. The buyer automatically pays the shipping cost and your only hassle is making sure you have the correct packaging.
Here’s why I choose Poshmark over eBay: There was a pair of NWT Old Navy jeans that had been sitting in my Poshmark closet, unsold. I’d picked them up at the Bins and I decided I just wanted them gone. Shipping is confusing, and even though I’d weighed the jeans beforehand when I went to buy the postage, I ended up paying almost exactly what the buyer had sent me to cover the whole transaction – meaning I sent away a brand new pair of jeans and made less than a dollar on them. I’m sure there’s a learning curve, but I’m not down to lose a bunch of money while I figure it out.
Poshmark vs Vinted, Mercari, other clothes reselling sites/apps
Vinted is similar to Poshmark, but online. They have forums and encourage a lot of user engagement. There’s just not a huge buyer audience there. There’s a reason you won’t find a J. Crew store in a little Main Street shop in the middle of nowhere. If you’re selling a product you want people to buy, you should probably sell it where the buyers are. This is why so many big name stores have been closing lately. The buyers are not walking through their doors, the buyers are shopping online.
As for the other reselling sites and apps, I just don’t have time to manage that. Cross posting, making sure the inventories are accurate.. I just have not the time. Instead of spreading my energy thin by learning a zillion different selling tools, I’ve chosen to focus on ONE: Poshmark. If you want to learn more, here is a post about selling on Mercari and here is one about selling on Vinted.
So now that I’ve shared with you why I choose to use Poshmark over other platforms, join me next Friday for the next installment in The Poshmark Series, which is going to be all about getting started – the lingo and the basics! As always, hit me up with any questions you may have because the last post in the series is going to be full of YOUR questions!