Remember when you were a student and had a limited budget so you would buy your used textbooks online? I do because that’s all I did during my time as an undergrad. Why not buy a used book for a fraction of the price?
At that time, I purchased most of my books off Half.com (which has recently closed down). At the end of the semester, I would sell the books back on Half.com, and I would break-even most of the time. It was a cost-effective way of handling the books I needed each semester. It also taught me how to use online platforms as a method of making extra money.
Selling Platforms – Poshmark + eBay
Fast forward a few years later, I found the Poshmark app and signed up back in early 2013. At that time, the company was just about a couple of years into existence. These days, its considered one of the largest social marketplaces for buying and selling clothing, shoes, and accessories.
The men reading this post – you can sell your stuff too!
A highlight of using this particular platform is that the company supplies the shipping label immediately upon sale which can be printed and placed on a free post office mailing box. It makes the selling process quite convenient. I envision that I will always use the Poshmark app as a selling tool, because frankly, I will always have at least something to sell.
Related article: A Woman’s Guide To Frugal Fashion
It is easy to get started – simply sign up and you can start adding items to your online “closet” for others to shop 24/7. Poshmark collects a 20% fee upon the sale of your goods. Keep that in mind when you are pricing your goods for sale.
Here are some “good to knows”:
- The more you add to your online “closet”, the better it is perceived
- Great pictures and details equate to a higher percentage of sales
- Sharing your listings frequently will get more eyes on it
- Attend “parties” if you have few followers
- Withdrawal of funds can be made at any amount – I just deducted $2.05
Poshmark is always adding new functionalities, so give it a shot if you are interested in selling goods that need a new home.
Here are some stats based on the data Poshmark provides for each seller – I currently have almost 5,000 followers, over 2,000 shares, over 70 listings sold, and a total earned of $1,533.
Another selling platform that I use is eBay, where I sell mostly clothing and accessories. Strategically, eBay is more widely utilized and has a diverse customer base, which means my listings get more exposure – this is the main reason I tend to use it in conjunction with Poshmark.
eBay didn’t provide me any useful seller stats, so it’s a good thing I started keeping track of eBay sales back in 2014, which tallies up to $2,421.12 after considering all fees and shipping costs.
- Poshmark is only available for use in the United States. They are looking to add international capabilities at a later time – according to their website
- eBay has an international presence
In total, I have made over $3,900 from using both these platforms in the last few years. That’s quite a bit of extra money for the goods that I don’t have a need for anymore. It’s money I earned from recycling my stuff – that’s pretty cool.
The total does not consider most of 2017, since I was not actively selling during the beginning of this year. All in all, Poshmark and eBay are both viable options in selling the goods you have lying around the house that are not getting much wear or use.
Give it a try to get a head start on spring cleaning!
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Have you used Poshmark, eBay, or a different platform to sell your goods online? Which platform do you like using better? Please share your thoughts in the comments below!
Feel free to ask me any questions if you need help getting started. I am always happy to help!
Original photo credit: Pixabay
Last edited 11/8/2017