Never Lose Money Again With This Poshmark Pricing Formula | Poshmark Selling Tips

[joaniewillard]

I am pretty new with a 280 item closet. I tried it this week. Today was 30% off and so far I have made 4 nice sales and its still early. This is great for my little closet. Thank you!

[alexandraliley]

THis pricing formula is what I needed to hear in order to stop buying items not worth my time. Now I need watch your other one about getting rid of inventory that isn't worth my time.

[jasperanddustpan]

Great video. We have been reselling only a year, but we inadvertently started doing this and it works for $20 flip too. I've never money but the max we will pay for any item is $2 and minimum I list is $20. That gives us worst case scenario at a $5 profit, and since our average COG is well under $1 (we get lots of stuff for free too) we generate plenty of income.

[magyar]

Any thoughts on the issue of live shows with $3 starts obviously this brings down the comps to a skewed lower level due to this. (I have seen this $3 garage sale level trashing of Poshmark and it is usually buyers of pallets of returns, so the seller says "new with tags"
but what they do not say is this huge box of stuff is returned items with flaws, issues, or certainly not in great shape.
and may have mouse droppings, rodent hair, bugs, bed bugs, and so on, on or in the fabric of the item. This has made Poshmark truly a garage sale while creating issues with TRUE comps on items that are not and never were meant to be sold for a profit of 5 cents. )
The worst-case scenario right now is the people willing to take 5 cents when the item sells for $3.
Also, customers seeing these $3 live shows have complained (well so and so is selling things for $3 or $5 and are making extremely LOW offers, or rejecting my low offers even with discounted shipping and or free shipping.
I may be done with Poshmark.
I would love to hear your thoughts on live shows in general, do you do them, and also the $3 poshmark garage sale sellers our there.

[meganhatcher]

Brilliant! I’ve been selling a few years without a formula. I have been making decent profits… However, having a formula is going to streamline everything and save me SO MUCH TIME debating with myself whether or not to purchase an item to sell. Thanks!

[JediBunny]

I love your energy. So fun, and informative. Thank you for all your great advice in your videos!!!

[mistyflyme]

I’ll give this a try. I can’t sell all for $50. I have a ton of items. A semi! So I’ll elevate how to maybe lower a little bit to $5 profit min. I list and lower to $5 Then it’s free with a $20 order. Sometime people will pay the $5 and shipping. These items are never going to be lower. After my inventory is gone, I’ll try to buy within whatever I choose as a base formula

[reginamobley]

Thank I got it now thanks now I going to do this with my closet for next 3 months. Hope to report back good news

[lecs]

What a great idea. I definitely think i will incorporate this! Thank you!

[MIchelleMarturano]

Hi- thank you for your post. I’m new to Poshmark and just finding this a little confusing since I’m not familiar with selling. If you post a product for $50 how to you end up providing a 50% discount… do you wait until it doesn’t sell and then mark it down to $25?

[evanegussie]

Excellent information. Will definitely put it into practice in my Poshmark store.

[thrifting_queen]

Posher VA has a new feature in the offer to likers. You can set up discount tiers based on price. It's a game changer.

[albertagrace]

Thank you so much. I’m going to make this change right now

[jayglam]

Hey Rebecca love the content as always you always gives the greatest advice I am so grateful for you

[TheGratefulQueen]

This is brilliant. I have always admired your business sense. I Am doing the no formula, list anything model and it's a grind. Xo Quenby

[mayakoyama]

have you ever tried using closet clear out instead of OTL? I still use OTL for 20% off right after the buyer likes the items but further price discounts I've been giving with CCO. All those shipping discounts add up and I'd rather have that extra money in my pocket. I've been having great success with CCO lately. Like you said if you use vendoo you can still automatically relist and delist.

[shannonwiles]

If I’m just selling to get rid of closet full of clothes that are now to big brand new torrid with tags how can I get rid of it quicker cuz I’m down to 5 totes from 16!

[alexandraliley]

I haven't watched the other video yet and I don't have BST stores near me, don't want to do live shows but was thinking I could take that inventory that won't fit and make up a section of 3 or 5 items for X amount. Do you think that's feasible? TIA

[stephanieponce]

Hi, great video! What was your minimum profit and buy cost like when you used $35 instead of $50?

[cheekycheetahcreations]

How often do you see sales at the initial over $50 price - what percentage?