Welcome to the world of Poshmark, the vibrant social marketplace where millions turn their closets into cash. Whether you’re a seasoned seller or just starting, one question stands above all others: "How do I price my items to sell?" Nailing your poshmark pricing strategy is the key to moving inventory quickly while maximizing your earnings. It’s a blend of art and science, requiring market awareness, an understanding of the platform’s fees, and a willingness to engage with buyers.
This comprehensive poshmark pricing guide will walk you through everything you need to know. From understanding fees and setting initial prices to mastering offers and price drops, we’ll cover the essential strategies that successful Poshers use every day. Get ready to transform your closet into a thriving business.
Table of Contents
- Understanding the Cost to Sell on Poshmark
- How to Set Your Initial Listing Price
- Strategic Pricing Techniques to Drive Sales
- Factoring in Poshmark Shipping Costs
- How to Edit and Manage Your Prices
- Frequently Asked Questions
Understanding the Cost to Sell on Poshmark
Before you can determine how much to sell things for on poshmark, you need a clear picture of the platform’s commission structure. Poshmark keeps its fee policy simple and transparent, which is a crucial part of understanding how does poshmark pricing work.
Here’s the breakdown of how much Poshmark charges:
- For sales under $15: Poshmark takes a flat commission of $2.95.
- For sales of $15 or more: Poshmark’s commission is 20% of the sale price.
So, how much money does Poshmark take from you? If you sell a dress for $50, Poshmark’s fee is $10 (20%), and you keep $40. If you sell a scarf for $10, the fee is $2.95, and you keep $7.05.
This fee covers all credit card processing fees, provides you with a pre-paid and pre-addressed shipping label, and gives you access to Poshmark’s customer support and Posh Protect buyer protection. There are no separate poshmark listing fees; it’s completely free to list an item. The commission is only taken when an item sells. Understanding the poshmark cost to sell is the first step in setting a price that leaves you with a profit you’re happy with. Many sellers ask, is poshmark worth selling on? When you consider the vast community and simplified process, the answer for many is a resounding yes, making the fee a worthwhile part of the business. The question of how much does it cost to sell on poshmark is straightforward, and this clarity helps sellers formulate an effective poshmark strategy.
How to Set Your Initial Listing Price
Setting the right initial price of items is critical. Price too high, and you might deter buyers. Price too low, and you leave money on the table. Here are the core factors to consider for your pricing on poshmark.
1. Research Comparable Items
The best way to determine price on poshmark is to see what similar items have sold for. Poshmark’s search function is your best friend.
- Search for your item: Use the brand, style name, and color in the search bar.
- Filter by "Sold": This shows you what buyers are actually willing to pay, not just what sellers are asking for.
- Analyze the data: Look at the range of sold prices. Consider the condition, size, and even the quality of the photos in those sold listings. This will give you a realistic baseline for the poshmark value of your item. This research answers the question of how to price on poshmark with real market data.
2. Accurately Assess Item Condition
Condition is a major driver of price. Be honest and detailed in your description. Poshmark sellers commonly use these acronyms:
- NWT (New With Tags): The item is brand new, unworn, and has its original tags attached. For how to price NWT on poshmark, you can typically ask for 60-80% of the retail price, depending on demand.
- EUC (Excellent Used Condition): The item has been worn but shows very few signs of wear.
- Good Used Condition: The item shows obvious signs of wear, like minor pilling or fading, which should be disclosed.
- Very Used Condition: The item has significant flaws like tears or large stains, which must be clearly photographed and described.
Accurate descriptions build buyer trust and prevent returns. When pricing items, a transparent assessment of condition is non-negotiable.
3. The "Original Price" Field Explained
When you list an item, Poshmark asks for an "Original Price" and a "Listing Price." Many sellers wonder why does poshmark require original price or what to do if they don’t know it.
The poshmark original price is the Manufacturer’s Suggested Retail Price (MSRP). What does original price on poshmark mean? It serves as a reference point for buyers to see the deal they’re getting. Does poshmark show original price to buyers? Yes, it appears crossed out next to your listing price, highlighting the discount.
But what if you don’t know the original price on poshmark? Don’t worry. This is a common problem.
- Do a quick search: Often, a quick Google search for the brand and style name can reveal the original retail price.
- Estimate: If you can’t find the exact price, you can make an educated guess based on the brand and item quality. This is a common approach for what to put for original price on poshmark.
- Enter ‘0’: If you truly have no idea and don’t want to guess, you can enter $0. The field is mandatory, but this is an accepted workaround. Answering poshmark what if i dont know original price is simpler than it seems. The platform doesn’t penalize you for not knowing, so there’s no need to stress about how to find original price for poshmark or how to list on poshmark without original price. Ultimately, who sets price on poshmark is you, the seller. The original price is just a guidepost.
Strategic Pricing Techniques to Drive Sales
Once your item is listed, your pricing work isn’t over. Dynamic pricing and engagement are what separate good sellers from great ones.
1. Leverage Offers and Negotiations
Poshmark is a social marketplace, and negotiation is part of the culture. Many buyers will make an offer below your asking price. Don’t be offended; build this expectation into your initial listing price by adding a small buffer. This addresses the question, are poshmark prices negotiable? Absolutely.
- Make an Offer to Likers: When a user "likes" your item, you can send them a private offer with a discount of at least 10% and a shipping discount. This is one of the most powerful sales tools on the platform. Knowing what is best price on poshmark for an offer often involves a balance between a tempting discount and your profit margin.
- Respond to Buyer Offers: You can accept, decline, or counter any offer you receive. Engaging in this back-and-forth is key. A good approach for poshmark reasonable offers is to counter somewhere between their offer and your listing price. You absolutely can negotiate on poshmark.
2. Implement a Poshmark Price Drop Strategy
Dropping the price of your listing publicly can trigger a notification to everyone who has liked it, creating a sense of urgency.
- How to do price drop on poshmark: Simply edit your listing and lower the price by at least 10%. Poshmark will then notify every "liker" of the new, lower price and often includes a shipping discount for a limited time, paid for by Poshmark. This is a core part of an effective poshmark selling strategies.
- How long should i wait to drop price on poshmark? There’s no magic number, but a good rule of thumb is to wait a week or two after listing or after you’ve accumulated a handful of likes.
- For how to do a temporary price drop on poshmark, you can simply lower the price for a day or two (like during a weekend sale) and then edit it back up. However, be aware that you can’t raise the price and then drop it again immediately to trigger another notification.
3. Use Bundles for Bigger Sales
Poshmark allows buyers to bundle multiple items from your closet into a single purchase, saving on shipping. As a seller, you can encourage this by setting up an automatic bundle discount in your "Seller Tools." For example, you can offer 15% off a bundle of 3 or more items. This incentivizes shoppers to buy more, increasing your average order value.
Factoring in Poshmark Shipping Costs
Understanding shipping is a vital piece of the pricing puzzle. For most sales, the poshmark shipping price is a flat rate paid by the buyer for expedited shipping on all orders up to 5 lbs. This makes things simple for both parties.
However, sellers need to be mindful of package weight. If your item or bundle weighs more than 5 lbs, you must upgrade your shipping label. The extra poshmark shipping fee for the overweight label is deducted directly from your earnings. You must factor this potential cost into your pricing for heavy items like boots, winter coats, or large bundles. Knowing the poshmark shipping cost structure for overweight items is essential to avoid losing your profit on a sale.
How to Edit and Manage Your Prices
Adjusting your prices is a regular part of selling on Poshmark. Whether you want to drop a price, accept an offer, or correct a mistake, the process is simple.
- How to change price on poshmark: Navigate to the listing in your closet, tap the "Edit" button in the top right corner, and change the number in the "Listing Price" field.
- How to lower price on poshmark: Follow the same "Edit" process. If you lower it by at least 10% from its lowest historical price, it will trigger the "Price Drop" notification to likers.
- Sellers often ask, can you increase price on poshmark? Yes, you can edit the listing and increase the price at any time. This can be useful if you discover your item is rarer than you thought or if you want to raise the price before sending out a new round of offers.
Learning how should you price things on poshmark is an ongoing process. By combining solid initial research with dynamic strategies like offers and price drops, you’ll be well on your way to Poshmark success.
Frequently Asked Questions
What percentage does Poshmark keep?
Poshmark’s fee is 20% for sales of $15 or more, and a flat $2.95 for sales under $15. This means you keep 80% of the profit on higher-priced items.
What if you don’t know the original price on Poshmark?
If you have a poshmark don’t know original price situation, you have a few options. You can try to find it with a quick online search, make an educated estimate, or simply enter "$0" in the required field. It will not negatively impact your listing.
Are Poshmark prices negotiable?
Yes, negotiation is a core part of the Poshmark experience. Buyers can submit offers, and sellers can accept, decline, or counter them. Many sellers build a small negotiation buffer into their asking price.
Does Poshmark show sold price?
Yes, you can filter search results to see "Sold" listings. This shows the final listing price of items that have sold, which is an invaluable tool for researching how to price your own items. However, if a sale was completed through a private offer, the exact offer price is not publicly visible, only the last public listing price.
Is shipping included in Poshmark price?
No, the listing poshmark price does not include shipping. The buyer pays a separate, flat-rate poshmark shipping fee at checkout for all packages up to 5 lbs. The only exception is when a seller offers a shipping discount as part of a private offer.
Why are Poshmark prices so high?
Prices on Poshmark can sometimes seem high because sellers must account for the 20% commission, the value and rarity of their item, and often build in a buffer for negotiation. While there are many bargains, sought-after brands and items in new condition can hold their value well on the resale market.
How do you price on Poshmark?
The best practices for how to price items on poshmark involve researching sold comparable items, accurately describing the item’s condition, factoring in brand and demand, and setting a listing price that accounts for Poshmark’s fees and potential negotiations.
What is the Poshmark minimum price?
While there isn’t an official floor, the lowest practical listing price is $3. After the $2.95 fee, this would result in a $0.05 earning for the seller.
How to reduce price on Poshmark?
You can reduce price on poshmark by going to your listing and selecting "Edit." Change the listing price to a lower amount and save. Dropping the price by at least 10% will notify everyone who has liked the item.
