Poshmark is undeniably one of the great marketplaces there is. Many sellers and buyers come to the platform to sell or get their fashion pieces, whether from affordable popular brands or pricey high-end brands. Many Poshmark users love this platform because this is also where they can get the best deals, as most Poshmark sellers offer discounts.

For many, selling online is just a side hustle, but for some, with focus and dedication, selling on a marketplace like Poshmark is a full-time job. To be able to earn through this platform, you will need to invest your time in learning the workarounds, the trends and popularity of the products, and the tricks on how you can attract customers. Additionally, you should also know the discounts that you can offer, including providing the best customer support to your buyers, and the seller tools that Poshmark provides that's available for all sellers to use.

Creating your Poshmark closet is easy, but to properly label your listing price is another thing. Aside from listing with an appealing title, eye-catching photos, and detailed product description, one of the most important things to consider to attract potential customers is the price. This is why we at SuperPosher, made this guide to help you understand how you can set your products' prices accordingly.

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1. Understanding the fees.

Unlike other selling platforms like eBay, Poshmark provides a very straightforward seller fee. It is essential to know as a seller that when you provide a price for your products, you need to be certain that after the Poshmark fee, you will still be able to earn a profit from your listing. Here are the fees that you need to factor in on your pricing:

  • The $2.95 commission. This applies to sales under $15. Meaning, any item you sell in your closet, for as long as they don't reach and go above the said amount, Poshmark takes the flat fee of $2.95. Your responsibility as a seller is to make sure that after this fee, there's still some good money left for you as your profit without compromising the retail price of your item.
  • The 20% commission. This applies to any items sold amounting to $15 and above. Poshmark lets you keep 80% of your earnings if your listing leans on the higher price. Keep in mind that regardless of how much your selling price is beyond the $15 mark, Poshmark will only take 20% of the total price. Once the order has been delivered and received by the posher who bought it, it is completely up to you whether you want to spend it on Poshmark or withdraw it as cash to your bank account.

Take note that with these commission fees, Poshmark has made it easy for you as a seller because it already covers the following:

  • Shipping label
  • Credit card processing fee
  • Customer support and Posh Protect buyer protection
  • Sales tax

2. Take a look at your items.

When you list a product on Poshmark, it is not enough that you like the item you listed. Of course, not everyone has the same preference, but you can have the advantage of selling your items by checking some factors to help you come up with a final listing price. Keep in mind that you are selling because you want to earn. So, by listing your products, your listed price should be competitive enough without jeopardizing your profit. To properly decide about your prices, you should consider looking at the following:

  • Original price - If you are selling something off of popular brands like Nike, lululemon, and the likes that have a physical store or a website where other people can also get the item from, be sure to compare your listing price to the original price, especially if it is also a brand new item.
  • Competitor's price - It is crucial that you check the price of a similar item around the platform and in other online sources to be able to assess how that kind of product is doing in the market. You should consider adjusting your listing price depending on the condition of your item and your competitor's item.
  • Likers - While you're checking your competitors' listings, you might as well check if the product has fewer or many likes. Oftentimes, when a listing has many likers, there's a high possibility that the item will be sold quicker, as the number of likes indicates how many poshers are interested in that kind of product. More likes equals more potential buyers.
  • Condition - If you're selling a used item even when it is in good condition, it is important that you consider lowering the price if your listing has signs of wear, stains, or tear. Also, keep in mind to indicate the condition of your item in the description to avoid unnecessary problems with your potential buyers in the future.
  • Time Frame - Every seller's goal is to be able to sell their listings as soon as possible. But unfortunately, there are some factors that hinder this, like pricing and the condition of the product. One trick in selling is knowing how fast you want your items to sell. If you want it to compete with the same items listed on the platform, you will need to adjust the price and lower it down a bit compared to its competitor to give your potential buyers the want to choose your listing over the others. Check how long the similar items took to sell and decide whether you're willing to wait the same period of time or adjust the price to be able to make it affordable to sell it quicker.

Once you have ensured that you have checked these points to properly calibrate your item price, don't forget to include related keywords in your listing for your items to have a higher chance of appearing in Poshmark search and, in turn, give you more chances of making a sale.

Share up to 28,000 times a week, without doing anything

Join hundreds of sellers who trust SuperPosher to grow their business. Every day SuperPosher can do up to 4,000 shares, follow hundreds of users, return shares & follows, and even send offers to likers. You just have to turn it on from your phone.

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3. Leave room to give possible discounts for future customers.

On Poshmark, sellers can send different kinds of offers to potential buyers. Seller features such as Offers to Likers, Poshmark Bundles, and Closet Clear Out are some of the discount offers that you can use to attract potential buyers to increase your sales. To gauge your pricing properly and make sure that you profit from it even when you're offering some discounts, you have to provide a wiggle room. This will allow you to negotiate with buyers who want to have more discounts than what you have offered them without compromising the actual earnings you're going to get when the purchase is completed.

Keep in mind that not all buyers are the same. Some may instantly accept your offer without haggling with the price, and some would try to save more by asking for a higher discount. While you as a seller can use the Make An Offer by Offers to Likers and Poshmark Bundles, which includes your discount offer and shipping discount, buyers also can use the Make An Offer feature which you can accept, decline, or counteroffer. If this is something you're open to, you may mention that your item price can be negotiable in your listing description.

When you send an offer to your potential buyers, you must offer a discount to make them realize why it is better than other poshers' listings. For example, let's say you're offering an item with an original price of $50 with a $10 off and a shipping discount. That makes your offer better than the $40 item with no discount because they will get more value from their money. Don't forget to mention the highlights of your listed item so you can influence your buyer's purchase decision much better.

Doing these offers can be tiring, especially if you have a lot of listed items. But you don't have to worry about spending too much time in front of your computer anymore because SuperPosher can help you do that. You can automatically send offers to Poshers who like your items and Poshmark bundles to help you increase your sales. While this is very time-consuming to do manually, we have designed an intelligent system that can help you send Offers to Likers and many other features without you supervising your closet 24/7.

4. Factor in shipping.

The power of free shipping can do so much more than you can imagine. One trick to sell your items is to offer free shipping on them, but the shipping cost is covered and included in the listing price.

According to some marketing studies, offering free shipping is one of the most preferred marketing tools to entice customers to buy many products. Removing the cost of shipping intensifies your potential buyer's interest in getting that item, which gives you a higher chance of a conversion.

You can include your free shipping offer when you send an Offer to Likers. Aside from having an option to give a shipping discount, you can also opt for free shipping. But before you do this, it is important that you have factored in your shipping cost to the price of your item so you won't have to suffer and shoulder the whole shipping fee when the transaction is completed.

With this guide, you can now properly put a price on your listing without compromising your financial gains in selling on Poshmark. With the proper knowledge about what to check and consider before pricing your items, it is now easier to influence your buyer's purchase decision. Furthermore, when offering discounts, SuperPosher is here to help you send offers, bundles, share listings, and more. If you want to experience not spending too much time managing your Poshmark closet with the help of an intelligent system, SuperPosher offers a five days free trial with a responsive team that's always ready to help you. All you have to do is sign-up here!

Share up to 28,000 times a week, without doing anything

Join hundreds of sellers who trust SuperPosher to grow their business. Every day SuperPosher can do up to 4,000 shares, follow hundreds of users, return shares & follows, and even send offers to likers. You just have to turn it on from your phone.

No credit card required