6 Ways to Grow Your Poshmark Reselling Income Faster

PoshmarkReselling

Sep 28

Growing a Poshmark reselling business can really test your patience. Don’t you ever wish you could just snap your fingers and somehow magically become a six-figure reseller overnight?

I’ve been there, too. I know how frustrating it can be to see other resellers making thousands of dollars in sales each month while you’re stuck wondering how long it will take you to ascend to that legendary peak. That’s why today, I’ve decided to share a few key tips and tricks I’ve learned on my own journey to help you speed up that process and get on the fast track to success.

6 Ways to grow your Poshmark reselling income faster

AUTOMATE REPETITIVE TASKS

When you’re starting out as a reseller, you’re probably not thinking of outsourcing any tasks right off the bat. Heck, you’re not even considering making any other investments in your business outside of inventory. That’s the smart, safe thing to do—right? False. That mentality is actually what’s keeping you from making more sales and growing your income faster. I’m guessing you got into reselling hoping to supplement your current income—maybe even turn it into a full-time job—not to spend years trying to figure it out by trial and error.

To fast-track your sales growth, you need to offload all your menial tasks—the types of tasks that are so petty even a robot could perform them. One of the best decisions I ever made for my business (if not THE best decision) was investing in Closet Tools to automate tasks like sharing my listings and sending out offers to likers. I no longer have to waste hours of my life repeatedly clicking a “share” button over and over again. Instead, I’m able to focus on tasks that require my unique expertise—like sourcing high-value inventory. The best part? Closet Tools only costs me $1 per day, so it quite literally pays for itself.

Get 30% off your first Closet Tools payment by using my link

CROSS-LIST TO OTHER PLATFORMS

One of the quickest ways to grow your reselling income is by cross-listing to other platforms like eBay and Mercari. Not only is it the easiest way to get your listings in front of thousands (if not millions) of more potential customers, it also does not require you to go out and source more inventory. The only downside? Cross-posting can get pretty tedious and time-consuming if you’re choosing to do it manually. Thankfully, services like List Perfectly exist to streamline the process by automatically copying your listings over to another platform in mere minutes. It auto-populates photos so you don’t have to upload them individually and auto-fills fields so you don’t have to enter them manually. Once a listing sells, you can delete it on ALL the other platforms with the click of a button from your List Perfectly dashboard.

Enter code POSHTOPROFIT at checkout to receive 30% off your first month of ListPerfectly

FOCUS ON QUALITY OVER QUANTITY

One of the biggest mistakes resellers make is buying a crap ton of inventory at the thrift store because, well…everything is so cheap! You figure—it only cost $1, so the chances you’ll lose money on it are pretty low…right?! But consider the time cost: every single piece of inventory needs to be steamed, photographed, listed, put away into storage, and eventually shipped out. That time adds up, and time is money. So while you may not be “losing money” on the books, if you’re only turning a profit of a few bucks per item—you’re working WAY too hard for far too little return. Your time is better spent researching which brands are currently in-demand and selling for a higher profit. So the next time you’re at Goodwill, remember: quality over quantity. It’s better to leave with one high-quality, desirable item than 50 pieces that are going to sit forever and take years to sell.

SELL ON CONSIGNMENT

Know anyone who’s a shopaholic? Offer to sell their clothes for them! This method can grow your reselling business faster because a) it eliminates the need to go sourcing and b) you don’t have to pay for inventory upfront (only once it sells!). You might be wondering: why would someone want me to sell their clothes when they could do it themselves and reap 100% of the earnings? Here’s the deal: most people don’t have enough time in their day to fit in a workout let alone steam their clothes, take a bunch of photos, and write a description for each and every listing. You might be surprised by the number of folks who would jump at the opportunity to make some cash cleaning out their closet while having a seasoned expert do ALL the work for them.

INCREASE EFFICIENCY

To grow your reselling business faster, you quite literally need to work faster and waste less time. Don’t misunderstand me—I’m not suggesting you run around your office at lightning speeds like a chicken with its head cut off—I’m merely advising that you evaluate all of your processes to ensure you have the most efficient systems in place. That could be as simple as switching over to a Jiffy steamer so you don’t have to refill the water chamber as frequently. Or maybe you need to find a better solution for storing your inventory. If you’re not batch-working, you definitely could stand to improve your efficiency. Do you have spreadsheets to track your sales data? Are your shipping supplies organized or a hot mess? These are the types of questions worth asking yourself if your goal is to work smarter instead of harder.

INVEST YOUR EARNINGS BACK INTO YOUR BUSINESS

You know the saying “the rich get richer”? Do you ever wonder why that is? It’s because wealthy people know that if they regularly spend their money on investments they will continue to build their wealth. So how can you apply this concept to your reselling business? By reinvesting the majority of your profits back into your business. It should go without saying that you need to spend some of your income on rent, utilities, buying groceries, etc. But once the bills are paid, resist the urge to go on a shopping spree at T.J. Maxx and instead try to spend the remaining money on investments for your business. Whether it’s an educational course to grow your knowledge, a tool that makes your day-to-day easier, or “paying up” for higher-value designer inventory—your self-control will pay off and your bank account will thank you later.

Get $10 when you sign up for Poshmark using my invite code: POSHTOPROFIT

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