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 Price Drop Notifications to fill your wallet by emptying your closet.
Condition and Popularity
Sorting through your closet may be daunting. You may find pieces that are completely worn or in brand new condition, let alone a items that are either from high-end brands or even no-name brands. With all these factors at hand, how do you go about choosing the right price?
- Examine thoroughly your piece of clothing or accessory for any signs of wear. Be it holes or pilling, if there are signs of wear, we recommend adding a generous discount to your listing price.
- Is it a popular brand? Well-known brands like Nike, Louis Vuitton and Lilly Pulitzer may sell quickly and for a higher price, especially if the items are in-demand and rare.
Negotiations and Original Price
Shopping on Poshmark is all about finding stellar items for an amazing deal. When attracting potential customers, not only do you want to keep in mind the discount off the original retail value, but also if you want to keep room for negotiation.
- When listing, be sure to consider adding wiggle room for negotiation. Some buyers may want to buy right away, but this strategy could work in your favor as a seller to fully take advantage of the Make An Offer and Price Drop Notification features. If you don’t want to consider offers or negotiations, make sure to say in your description that the price is firm.
- When possible, include the original price of your items so buyers that they scored a great deal. 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 help you narrow down the original price. You can also look up the original retailer or brand to see how similar items are being priced.
Have your own tips? Share in the comments!