Poshmark inventory can take a bit of time to move depending on the item. I usually let a regular $20-40 priced item sit 2-3 months before moving on to additional steps. Higher-end items with big price tags can take longer to sell and are worth letting sit for even up to a year, but don’t fret! This is my process for moving inventory I know was a bad buy or just isn’t selling on Poshmark:
- Send Your Lowest Offer
- Relist the Item
- Sell to Consignment Stores
- Send Items to ThredUp
Send Your Lowest Offer
In the current buying climate I send 20-30% offers to every liker as they come in. In the past I would wait and only do it on Wednesdays or Saturdays all at once. Your game plan will probably change depending on what’s working for you! Right now people want higher discounts than 10% and quick sales.
Your mindset will most likely change after a few weeks or months on the lowest amount you will take for your item. If you send your lowest offer and no one accepts, I would move onto the next steps!
Relist the Item
Relisting means completely deleting the old listing and creating a new one. You can copy the listing with Poshmark’s new “copy” feature (located in the old listing by the delete button) and keep the old photos. Or you can rephotograph the item if you think it is necessary! I suggest you check the pricing and make sure it’s still competitive!
Reasons to relist are that the item has been sitting for several months with no action or you want to “reset” the listing. In this case, we want to hit the reset “button.” If you’ve sent out your lowest offers, relisting will give you a fresh start with new likes!
**Hot Tip: if you have current offers out on an item, but want to delete it just change the size of the item –>list–>edit–>delete. This cancels out any active offers.
Sell to Consignment Stores
So you’ve tried it all and Poshmark is just not on your side? There is still hope for moving your inventory! Consignment stores are a great way to move your items quickly and get some cash.
This is how I handle consignment:
- Think about where you are taking your items before pulling them. Certain stores take certain brands. For example Plato’s Closet is more teen & mall brands while Style Encore is career and mature brands. If you are unsure, call the store ahead and ask what kind of brands they accept. All will say they only accept styles from the last 2 years, but no harm in trying!
- Don’t take 4 giant bags at a time. Rumor is that some stores will only accept a certain amount of your items no matter how great they are. Split it up between stores, locations, and days.
- Mark your items as “not for sale” instead of deleting them. The consignment store won’t take every item. This way the item won’t sell while you are moving it, but you can mark it for sale if they don’t take it.
**Hot Tip: only take unflawed items and remember that if it’s a designer bag or shoes they might ask for proof of purchase. A Goodwill receipt is probably not what they want to see 🙂
Send Items to ThredUp
ThredUp is a true consignment system where they only pay you when your item sells. This is my last resort for moving stale inventory because the payout is usually minimal depending on the brand and style.
That isn’t to say you can’t make big money on ThredUp! You just need to do research on brands that sell well on the platform.
Most of my regular cleanout items have a 15% payout which is just a few bucks. This is fine if you received the inventory for free or if it’s your last step before donating it back! $3 is better than zero.
ThredUp Luxe payouts are much higher. 80% has been my highest for Manolo Blahnik booties.
Here are some recent solds from a ThredUp Luxe bag! Remember, you only need one “Luxe” brand item in the bag to reclaim your items for free.
**Hot Tip: you can also consign with The RealReal. I suggest finding some ThredUp pros on Instagram or YouTube if you are wanting to learn more!
And your item has come full circle! Sometimes a bad buy is just a bad buy. Just remember this mistake when you are out sourcing!
**Hot Tip: you can write off your donations. Do your research or ask a financial professional how.
Do you have any tips for moving inventory? Tell me in the comments!
You can find the clothing rack pictured along with my fave reselling supplies here!