Living in NYC, it is hard not to note the expensive price tag of the city. Being in my 20s, and balancing saving/investing while also wanting to enjoy my life, I love making the most out of my money, on a tight budget – hence this account! I love finding free events, boutique fitness classes, investing, saving, but am still saving my money for big trips and one day, a Chanel bag!
If you know me personally, you know I am the person in the friend group always discussing money – what app is the best to save, where I bought something on sale, where I am putting my money towards, and more.
Inspired by Meg Hall and her No Shop ’19 journey, and Marie Kondo in the beginning of last year, I began to be more mindful on the “stuff” that I had. Everything from that pair of shoes I haven’t worn in a while, or the brown cargo shorts that I claimed I will use when I go on an African safari one day, to random things lying around. I took an inventory of my closet, and decided what I haven’t worn in 6-8 months.
TIPS AND TRICKS TO SELL
First: Download Poshmark. Use my code: ANNAKIS for $10 off your first order.
Second: listing your items. Here are some of my favorite tips:
- Take clean photos in well lit spaces. I recommend taking your photos in the day time, on a blank wall. I hang mine up on a dresser door and take them in the mornings.
- Make sure your items are free of any stains that can be removed, ironed, and dusted.
- Be descriptive when describing your item. Make sure to note if there are any scratches, stains, or if it is brand new. This transparency helps, especially if the buyer disputes the items condition down the road.
- When describing, use key words.
- Wrong: Nice Shirt to Buy
- Right: J.Crew Floral A-Line Dress
- Search the app and find similar items to yours that have been sold. See how much they sold for, and determine your sweet spot in selling.
Third: Get selling!
- Utilize the Poshmark parties and share your items. This will bring more traction to your page. I recommend keeping notifications on, so that you are aware when the parties happen. (Ex. Best of Shoes Party, Jewelry & Accessories)
- Interact with others by sharing their listings. Not only does this help you in the eyes of Poshmark, which encourages members to engage with others, but it will help bring more eyes to your page.
- Although I do not constantly share my listings, I would recommend sharing them every 2-3 months to ensure that they are being circulated.
Fourth: Making your first sale.
- Congrats on making your first sale! Buyers are able to submit offers to you. Many usually submit offers for a lower price, and once you accept the offer it processes as a sale immediately.
- Be mindful of pricing. As mentioned above, I would crowd source and see what others have sold items for and price it similarly. If you know your item is a hot commodity, list it accordingly.
- Have something that just isn’t selling? Use the private offer button to send private offers to everyone who has liked the listing. This will send the prospective buyer a percentage off and a shipping promo.
Hope these tips are helpful to get started selling! I have sold everything from a tote bag, to free stickers from a pop up, to sweaters that I haven’t worn in years.
TIPS ON BUYING ON POSHMARK
Poshmark is one of the best places to find new, or gently used articles of clothing for way less than retail. I was able to score Chanel flats (pictured above!) that retail for over $750, for $300! Interesting story, the seller was selling it for a friend who just got pregnant, and due to the pregnancy her feet became swollen and couldn’t enjoy the shoes! After some offers back and forth, I ended up scoring this pair for $300 (argued how no dust bag/box included etc, but made sure there was a receipt and I even called @neimanmarcus where they bought it from to confirm – make sure what you buy is real!). Plus, since I used my tips above, I had Poshmark credit that I didn’t cash out – so I spent 0 from my own $.
- Be specific – use the filters to find what exactly you are looking for. If you are looking for Chanel flats, look for the exact size, color, and model. I would also suggest to know your size beforehand, because you can not return on Poshmark.
- Do Your Research – Stalk the sellers page and look at the quality of other items that they are selling. If you are looking to buy designer, has the seller sold designer items before? Has there been any complaints in the comments?
- Ask for Proof – Many times, if designer items are in question, sellers have receipts accompanying the purchase. Additionally, if the purchase is over $500, Poshmark will authenticate it for free, saving you the headache.