Sometimes your full-time job barely covers your bills. Sometimes you want a little more cash just for funsies. Side Hustle explores ways to make extra money and determines whether or not they’re worth the effort.
I got into Poshmark about a month and a half ago because I had some clothes to get rid of and it was too cold to go to Buffalo Exchange. After I made my first sale, I developed a cultish obsession with it, spreading the gospel to my friends and spamming their text messages with links to sign up for the app. Although I was unable to convert anyone, I’m not alone in my devotion. There are currently over 700,000 Poshmark sellers with user names like @PoshQueen or @PoshyPoshPosh and they are my sisters.
WHAT IS IT
For the uninitiated, Poshmark is an app that lets you buy and sell clothes, jewelry, and makeup. You can sell whatever you want (there are guidelines, but they’re not strictly enforced– I once saw a listing for a creepy porcelain doll up there) by taking a picture of your item, setting a price, and writing a description. Your items are all listed in your “closet”, and you can add, remove, or edit items at any time.
People can follow your closet, but they can also search for certain brands and items. It’s unbelievably simple to use. I’m one of those people who types their text messages with only their index finger, and I had my closet set up in less than 15 minutes.
CAN YOU MAKE MONEY FROM IT
You definitely can make money from it, but unless your items are designer, it’s going to be a bit of a challenge. When you log onto Poshmark, you see items from brands you’ve searched before, and items the people you’re following have shared or posted.
This means, if you’re not selling a branded item, people are probably not going to see it unless they’re following you or someone they follow follows you (apologies if that sentence gave you a headache). Getting followers isn’t hard work, but it is time consuming. It can also be dangerous. One way to get people to follow you is to share their items. Looking for stuff to share is basically window shopping and the opposite of what you should be doing when you’re trying to make money. I know this because I blew a decent chunk of my profits on a pair of harem pants that I have worn and will wear exactly one time.
Another warning: If your item is under $15, Poshmark takes $2.95 of your profits. If it’s over $15, Poshmark takes 20%. Shipping is around $6 (the buyer pays), so you have to take that into account when you’re selling. $8 might seem like a reasonable price for a used tee, but $14 feels a little steep. You should also be aware that even after you make a sale, profits aren’t instant. It takes up to 3 days after the product is delivered for the money to be deposited into the seller’s bank account.
Some people actually buy items to sell on Poshmark (if you sell more than 10 items, you have access to the “Retail Portal” where designers sell their items in bulk at a discount for resale). I would only recommend doing this if you have a ton of followers or if you’re in no hurry to make your money back. I used the Retail Portal to buy 5 pairs of earrings about a month ago, and have only sold one pair so far. They would probably look SO GREAT ON YOU by the way.
IS IT WORTH THE EFFORT
Yes. So far, after deducting the cost of my harem pants, I’ve made a little over $130 (18 items sold). Making sales does require effort, but the work involved is really just taking decent pictures of your stuff and looking at clothes on your phone. It’s easy. Unless you have a closet full of Louboutins (and what are you doing on a blog called “Broke-ish” if you do??) you’re probably not going to be able to immediately quit your job and live off your Poshmark profits, but if getting rid of things you don’t use anymore + playing with your phone = chance of extra money, why not give it a shot?
I’d recommend Poshmark over somewhere like Buffalo Exchange if you’re interested in selling your clothes. Even though Buffalo Exchange gives you money instantly, Poshmark lets you set the value of your items and sell whatever you want (and you don’t have to risk the shame of having some so-chic-it-hurts person tell you nothing you own is worth buying).
Oh, and if you do end up joining, please follow @Stingraydrienne and buy a pair of those earrings I told you about THEY. WOULD. LOOK. SO. GREAT. ON. YOU!