051215_posh tip_pricing

Want to take your closet selling game to the next level? Consider how you might increase your sales with an all-star pricing strategy. While everyone approaches pricing differently, these tips are sure to help you take advantage of features like Make An Offer and Cost Drop Notifications to make full your wallet by emptying your cupboard.

Condition and Popularity

Sorting through your closet may be daunting. You may notice pieces that are completely worn or in brand new condition, let solitary a items that are either from high-end brands or even no-name brands. With all these factors at manus, how exercise you go near choosing the right price?

  • Examine thoroughly your piece of habiliment or accessory for whatever signs of wear. Be it holes or pilling, if there are signs of wear, we recommend adding a generous discount to your listing cost.
  • Is information technology a popular brand? Well-known brands similar Nike, Louis Vuitton and Lilly Pulitzer may sell quickly and for a college price, especially if the items are in-need and rare.

Negotiations and Original Price

Shopping on Poshmark is all about finding stellar items for an amazing deal. When attracting potential customers, not but do you want to keep in mind the discount off the original retail value, merely too if you want to continue room for negotiation.

  • When listing, be sure to consider calculation wiggle room for negotiation. Some buyers may want to buy right abroad, but this strategy could work in your favor as a seller to fully have advantage of the Make An Offer and Price Drop Notification features. If you don't desire to consider offers or negotiations, make sure to say in your description that the price is house.
  • When possible, include the original price of your items so buyers that they scored a slap-up bargain. If the retail price of your item is unknown, not to worry! Do a quick search in Poshmark to see what other sellers are listing similar items for to assist you lot narrow down the original price. You tin can as well look up the original retailer or brand to run into how similar items are beingness priced.

Take your ain tips? Share in the comments!

I question we get a lot at PMHQ is how to choose the best price for your listings on Poshmark. Nosotros know each Posher has her own strategy for making the most money while giving the best bargain to their customers. Read on to see how PM team members decide on a selling price!

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  • Original price is important because I want to exist able to requite buyers a great deal. An item is not as enticing if they can buy it at their local mall for near the same cost.
  • The condition of the particular plays a huge part too. Signs of wearable: stains, holes, pilling, fading color, etc. means I'll generally offer heavy discounts. Who will desire to purchase it if they can pay a few actress dollars for information technology brand-new somewhere else?
  • Lastly, I think of demand: Is it sold out in stores? A popular designer? A must have this flavor? I like to offer at least 30-forty% off retail price on my items, and even more if it is a style or brand that is mass produced and tin can exist establish anywhere.

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  • Marketplace price: I do a quick search to run across what cost comparable items are really selling for (not the same as what they are listed at – it'southward but a true market place price if information technology has sold).
  • Willingness to pay: How much would I be willing to pay for the same item in the same condition?  If I wouldn't pay $75 for a gently-used non-designer sweater, I tin't expect someone else to.
  • Make popularity: From personal experience, fashionable mass-market brands like J.Crew and Zara sell well and chop-chop, which translates to how much I tin can toll it.  Some of my favorite brands are more than niche and less often searched, which may require me to toll at a higher disbelieve.
  • Current vs. dated: I might be able to get more for a gently used item that is even so in mode, compared to a NWT branded item from several years ago.

  • I do a quick search for the detail on Poshmark to run across how others accept chose to price like items. This step ensures that my price is off-white and reasonable.
  • Understanding that the Poshmark community loves a adept deal, I leave a little wiggle room of about $5-10 in order to be able to negotiate my toll lower. Keep in mind that everyone loves a steal—so when possible, I price my items on the cheaper side and so that they'll sell fast to brand room for that new pair of Karen Walker sunnies or those Valentino Rockstuds that I've been eyeing in other Poshers' closets!"

At present information technology's your turn! We want to hear how you select a selling price in your cupboard. Leave a comments with your best pricing strategy tip.