Why I sell things for $4 and $5 on Poshmark
I’ve been asked why I sell things for $4 and $5 on Poshmark. If you don’t know what Poshmark is, it is an app that allows you to sell women’s, men’s, and children’s clothing and accessories. Although the main focus has been women’s clothing, they recently started broadening their categories to include other items too!
If you haven’t yet, take a minute to sign up using the code “twopinkpeonies” to earn a $5 credit for downloading the app. It might be helpful to also look at my other Poshmark post to learn more about the app before diving into this post.
Let’s look at the math
Poshmark fees are pretty high in my opinion but they’re also pretty simple. For all sales under $15, Poshmark takes a flat commission of $2.95 and for sales of $15 or more, Poshmark’s commission is 20%. Thus $5 = $2.05 in profit for you and $4= $1.05 in profit for you. Yup, that’s right just one or two dollars!
Why would you do that?!
Let’s be clear here I do not do this for all or even most items in my Poshmark closet. I do not recommend it if you have a valuable or quality item. Obviously, you would basically be giving your items away for $4 and $5 sales on Poshmark, if they’re worth more. There’s no reason to accept lowball offers for good quality or designer items.
What I am saying is to do this for certain lower value items. What I’ve sold for $4 and $5 would be maternity tank tops, a Forever 21 top, baby clothing, a pair of bootcut jeans that I had never worn but were way too old to return, as well as shopping bags for brands such as Tory Burch and Kendra Scott.
About that last one, I was wondering why people would buy shopping bags (yeah, like what your purchase is put in at the store) but some people make crafts out of these or frame them and hang them in their closet. Do a quick search on Etsy to see what I’m talking about, it’s actually a super cute idea.
Think about it from a business standpoint
Are you ever going to wear this item again? After having my son, that question changed into will you ever fit in this item ever again? Is there another way to sell this item (Buffalo Exchange, ThredUp, Swap.com, Plato’s Closet, Facebook groups)? Do you have time to put in the effort to do those things? Were you just going to donate these items any way? If you no longer have a use for the item then getting $1 or $2 is more than $0. If you are going to get $1 to print a label off, box up something up, and you’re easily able to drop off the package at work or a post office then why not?
You may not get rich but when you combine this with other more lucrative sales it starts to add up. Business people will tell you that sometimes you just have to move inventory.
Accept that you aren’t going to get your money back
If you aren’t wearing or using the item and it is no longer eligible to be returned, you aren’t going to get the money you spent on it back. I don’t know why people think keeping these items in their closet will bring back the money that they spent on it. The money is still gone so you need to let the clothes go.
I use recycled boxes or free boxes
The only cost for me would be printing out one sheet of paper for the label and taping it on a box. I recommend that you reuse boxes you already have from shipments you’ve received (i.e. all those Amazon boxes that come to your door) or get free envelopes and boxes from your post office. Poshmark orders are shipping via USPS Priority Mail and you can pick the boxes up for free at your local post office or even order them to be delivered for free to your home from USPS.com.
When I was working, all I had to do was drop the package off in my company’s mail room. Now I’m a stay-at-home mom, but I’m super lucky that I live in walking distance of a post office. My son and I usually go for a walk every day so it’s super easy to walk by the post office. It’s about a five minute walk and I drop the package off at the counter. Yup, no reason to stand in line if you have a pre-paid label, just drop it off at the counter. If it’s small enough you can drop the item in a USPS dropbox. You can even put your package out with your outgoing mail for your postal worker to pick up from your home. Just ask your postal worker how, sometimes they will give you a USPS mail basket.
Most of my clothing was thrifted in the first place
OK, let me just be honest and say that I love saving money and finding great deals. I would say about 75% of my wardrobe is from thrift stores or resale shops so for me, I didn’t pay that much for my clothing to begin with. I know this may not be true for everyone but I think it’s worth mentioning to explain my logic on why I sell things for $4 and $5 on Poshmark.
I would donate the items any way
My kids keep me pretty busy and I don’t have a ton of time to try and sell things. I love Poshmark because it’s super easy and before the app, I probably would have taken the items to the Buffalo Exchange or Plato’s Closet and what didn’t sell I would have donated. If it’s something I would just donate any way then why not make a few dollars?
Don’t hold onto clothes because of memories
It’s weird. Just let it go. Clearing the clutter feels so much better than hanging onto things you no longer wear or use!
Still doubt me?
I think of Poshmark as my own tiny business. OK, maybe even a micro-business but I think it’s a great way to put things in perspective. I’ve made over $3,000 off of Poshmark. Eventually throwing in those $4 and $5 sales with my big sales really added up. It was literally just a few minutes of effort to print a label and package an item up.
This is what works for me but you have to figure out what works for YOU and what YOU are comfortable with. Your closet is also your own tiny business and you can run it any way you choose!
Again, I want emphasis that I don’t recommend doing this for all items just for select lower value items. What do you think of selling items for $4 and $5 on Posh? I would love to know what are your thoughts on Poshmark in general. Please feel free to share in the comment section below. Good luck and happy Poshing!
If you liked this post on why I sell items for $4 or $5 on Poshmark, you might also like:
- How to sell more on Poshmark
- The BEST thing you can do with your old bras
- Creative ways to use your spare change
- Is Lululemon worth it?