How I Made $10,000 on Poshmark
When I started selling on the Poshmark app in 2015, I really didn’t know what to expect. My chronic illness was making working full time very challenging and I left my full-time job to start my own business consulting small businesses on social media, marketing, online reputation management and customer service. Because my condition was sporadic and my kidney was failing, I really needed something I could do on my time and when I felt I was physically able. This made finding a part time job very difficult. I never knew how I would feel day to day and this made it nearly impossible to work for someone else.
Flashback to 10 years ago when I started selling items on eBay out of necessity in 2007. Our dog needed a very expensive surgery and my journey to reselling began. I had no idea what I was doing but I dug out all the old Coach purses I had and anything I didn’t wear anymore to list on eBay. After doing research on what sold and for how much, I ended up making enough to pay for his surgery. Since then I’ve always used reselling as a way to make extra cash on the side, even when I wasn’t the one sick.
About Poshmark
Poshmark is a relatively new App that allows you to quickly and easily list clothing, shoes, bags, accessories, jewelry, and cosmetics online from your smartphone for sale in hopes of making an extra buck. This time around I needed it for my own medical bills since my endometriosis specialist ended up being out of our insurance network and my medical expenses were mounting. So, last fall I really focused on using Poshmark as a source of extra income. Not only was I selling items from my own closet, but I also dipped into my husband’s, sisters and anyone else who wanted to give me their gently used clothing to sell.
Poshmark Fees and Shipping
The commission fee for Poshmark is 20% and at first, I thought the fee was really high but then I remembered most consignment stores can take anywhere from 40-60% of the selling price. The Poshmark buyer pays for shipping as long as it is under 5 pounds and it goes USPS Priority Mail. The great thing about this is the ability to get free shipping supplies from USPS. You can use anything except the Flat Rates and Regional boxes. If you go to their website, they will ship it right to your house. And, you can schedule a carrier pickup to avoid going to the post office.
The majority of the items I sold were from my personal clothing collection. I also spent some money purchasing items to resell and was able to turn a profit that way on most items. This gets tricky if you aren’t familiar with selling clothes. I HIGHLY recommend getting the hang of it with your own items before you start buying items to resell. But, it’s a nice way to add to your closet without spending a lot of money on inventory.
In 18 months, I took home $10,054 after the Poshmark commission. Most of the income has been in the last 9 months. But, even a few hundred extra dollars per month can be helpful! We still have several thousands of dollars in medical bills to pay off and some other debt since I’ve been sick but I know if I keep up the work I’m doing on these side ventures and with multiple streams of income – we will get there in no time!
Side Ventures as a Way to Earn Some Extra Money
My latest YouTube video shares some of tips to get started and lays out a challenge for you to start listing and earning extra money. Don’t forget to subscribe to YouTube and Follow me on Instagram as I love to share and help others!
I hope you enjoy! Please let me know any of your tips and tricks as well.
Rebecca
I am very interested in learning more about Poshmark from you…your video’s are very informative. I am disabled by a combo of Fibromyalgia and Psoriatic Arthritis which both cause a LOT of pain. I can relate to so much of what you talk about. Thank you for the help you give!