Don't Make These 4 Pricing Mistakes on Poshmark

There are a lot of different factors that can go into deciding how to price your items on Poshmark. There is not really a one size fits all approach. However, you can avoid these four small mistakes. Doing so will help make sure your Poshmark listings are selling fast and for good money.

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Hi! My name is Ashley and I am a part-time reseller on platforms like Poshmark and eBay. I started my business, ReCloth Collection, a 3 years ago and have already turned it into a six-figure business! Check out videos every Wednesday to learn all my tricks and tips to getting to the top. Have a reselling video topic you want covered? Please let me know in the comments!

IG: reclothcollection
Poshmark closet: reclothcollect

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[april]

Thank you so much for talking about undercutting!! It truly does drive down comps and I haven't heard anyone bring this to light. Especially when I watch sold or shipping videos of people who are bin shoppers and have such low cost of goods that they say 'I don't mind a lower price because my profit is still good', but even that disrupts the comps over time. Seeing undercut solds is so frustrating lol

[KimberlyCald]

You are DEFINITELY ONE THEE SMARTEST RESELLER AND FEW out there! Good for you! I’ll be sharing this! ❤

[kay]

Great video! Thanks for your insights. One of my big gripes is so many resellers urging other resellers to take low offers because they "aren't a storage unit". I know that can be the case for old items with little interest, but I'm a big believer in "time is money". If you invest your time to list something, I don't understand the rush to undercut yourself. If you sell 1, 000 items a year for $5-10 less than your preferred lowest price, you are potentially losing $5, 000-10, 000. For many of us, that's quite a bit of money we could have used for other things. I don't squabble over a few dollars, but impatience can cost you both time and money long term. Thanks again for the great video!

[EatPlayLoveCO]

Round of applause, your points are so spot on. Can we request Posh send this video to all resellers?!? 😀 I really feel strongly about the things you said. I’ve learned so much since starting to actively resell in July and one of the biggest takeaways is how “fair pricing” never works out. Let’s call “fair” my bottom with no margin. I have numerous examples of an item not selling at a lower price, raising the price and the item sells. Mind blowing to be honest. I sell a lot of vintage and undercutting is one of the biggest frustrations when there aren’t many exact items to compare & people maybe latched onto a brand or style and then devalue the worth of the items. Thank you, thank you for all of your knowledge and sharing with the community.

[candilmiller]

I wish I had seen your video before I listed my items.. I just started selling on Poshmark.. and now see I’ve already messed up 🫤 I wasn’t trying to “undercut” I was just wanting to get it gone.. thank you for the info. ❤❤❤

[MikiHush]

Thank you for this video. I am a very new reseller, I am just starting part time as I have another part time job and there is so much more involved with it than I expected!

[kmarissastyle]

Girl, I'm so happy you mentioned "Price Integrity". YouTube resellers are destroying the profitability of an item or brand. More resellers need to actually study business. There is a reason that Coke Cola, Pepsi & all major soda brands all stay in the same price range, usually only pennies diffrence. This is the same across all markets of consumer goods.

[essiejane]

Between this and your Instagram post about sending 25% offers, I’m rethinking my entire pricing strategy! Such good info!

[SusanaTerraeshop]

#2! Yes, I'm glad someone is mentioning this. I've been thinking about this for a long time. When people price their items super low it affects market value.

[rebekahhobbs]

Thank you for encouraging people to stop undercutting the price! I've seen it happen SO many times over many years of reselling. Price should be lowered only relative to condition of that item compared to the current market value. Things go out of style on their own we don't need to be driving down our own profits. You're so incredibly knowledgeable and it's refreshing to see, so thank you for being so open and helpful! :)

[luchea]

I think that Posh has now come out with Live Shows, you may want to make another video like this and update it with how people are bringing down the market using the Live Auctions.

[stephanie]

I had something for $10 siting for 2 months I took it down and reposted for $25 sold for $18 go figure.

[kerrygould]

Thankyou so much for explaining all of this and especially to look into it a bit further. I’m fairly new on Poshmark in Australia and it’s so hard to know what to sell for. Some brands I’m totally shocked how low some items are being listed for so this video was so helpful

[happygirlgooch]

Thanks for the video pricing is where i stuggle on items, gives me better insight Thanks!

[SheResellsSeashells]

Please tell me how to look at historical data for Poshmark. Thank you.

[DandyBeingTandi]

So I got my first sale on Poshmark and I really messed up. I had a $122 Sunday Riley CEO Brightening Serum posted for $89. I received an offer for $40. I countered with $59 thinking she would decline. She countered again for $49 and I accidentally hit the accept button! I went to her closet and she has the same item listed for $100 but not available 😑 But at least I got my first sale but I definitely learned a lesson!

[clifflewisjr]

I'm not lowering my prices and if my products don't sell I will just delete close shop and move on. I'm tired of cheap Americans. Most of the buyers want to buy low and sell high what do you think I'm doing? I bought low now I'm selling high. So we have a delima. How dare a buyer knock half off of my price with an offer. Get real. Too many buyers seem to want something for nothing.

[gailfay]

Thank you and you are very good at explaining things.

[Marlene]

Hi! Thank you for this video. How do you check sold comps on Poshmark?

[YourSuperFan]

Great tips! I made the mistake of pricing some size 14 dresses on Poshmark base on size 00/0 comps. Fastest sales I ever made …. Oops.