This dress saved my HAUL Thrift with me at Goodwill & Where I'm at with reselling, an honest talk
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- čas přidán 7. 07. 2024
- Today I do a little bit of shipping a little bit of thrifting in Boton, I'll share a haul and I chat openly about the state of my Poshmark reselling business. I hope you enjoy it.
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This dress saved my HAUL Thrift with me at Goodwill & Where I'm at with reselling, an honest talk - Jak na to + styl
Thanks so much for tuning in to today's video. I cover a lot today. First we pull some sales, then I go thrifting in Boston and lastly I talk about where I'm at with my reselling business and some plans for the future. .
No matter what is being said…. We are in a MAJOR recession… something has gotta give!
I wonder if the decline in resales has to do with the increased popularity of thrift shopping. The stores are much more crowded now, and there is less stigma associated with secondhand shopping in person.
Hi Lori!❤ What a wonderful find...the Self Portrait Dress. My Husband and I have been so down about thrifting around here. A lot of worn out items...dirty items. I hope it changes in Fall. My Husband sells exclusively on eBay. He switched from Poshmark and we have never looked back. Make so much more $ on eBay...and hard goods are very profitable. Being a reseller has its peaks and valleys. Praying we all have better sales in months to come. 🙏
My sister and I think the decline in sales on Poshmark is due to the fact that Poshmark shot itself in the foot with these Posh Shows where people can buy items for $3-4 dollars. We are staying afloat by selling items way below what they are worth. Best of luck to us all. We have better luck with Mercari and eBay
My sentiments also. My sales started to decline when the low ball posh shows started. When they tried to follow the what not shows and devalued brands like lululemon and Athleta. I have lots of inventory and new high end items. I go two days in a row without sales and then I will have a 250 day. I was use to at least a 1,000 per week but I’m lucky to break over 500 per week. Mercari has helped out but I need to crosslust everything to all the other platforms.
Ebay is the resell giant that keeps me afloat. I've doubled my effort to make about the same profit as normal for this time of year. The Poshmark shows have really cut into sales. Hang in there everyone, 4th quarter is coming.....
What has helped me the most is watching as many “What sold” videos and keeping on top of trends. You have to know whats hot.
I’m so lucky I have a few great thrift stores near me who don’t jack up the prices and I can get bags of clothes for $5-$10. Location plays a big role
Reselling is not what it was a few years ago. I have to be very selective and I look up solds on eBay for each item before I purchase. I have a high sell through rate but only have 250 listings and list 3 per day to maintain that. I make good part time money but I can’t imagine how much I’d be making if I had this inventory during the pandemic. Just keep listing is my motto.
Hang in there Lori. I'm feeling very similar & finding it hard to stay motivated with the Summer slowdown in sales & crazy lowball offers. I care for my elderly parents & have this online resale business, which both keep me busy. I was feeling a bit burned out so I shut down my Poshmark & Mercari closets for a week so my hubby & I could go up north to get out of the Phoenix inferno. I let eBay ride & sold 5 good sales which was nice. I'm back now & going to find a better balance in my life. I'll let you know how things go & if I have any tips to share. I watch your videos while I'm photographing or shipping, so thanks for all the work you put into CZcams! Hugs...Paula
@osterhoudtzoo 100% truth. I have had the greatest number of ridiculous lowball offers in my 10+ years of resell in the last 6 months or so. Sometimes the offers are so laughable I don't even want to respond!!
I'm so glad I found you. You are the first reseller/youtuber from MA. I've been trying to start selling in a serious manner for years but only sell sporadically. You gave me a lot of inspiration. I was so sad cause I thought we didn't have "the bins" in Ma and the nearest wad NH, and thanks to you now I now about the one in Roxbury. Thank you for your work and the energy you give from your videos.
Welcome! I'm so happy that you found me too!! I'm really happy the Bins are back in Boston!
Fun to see Lumpy going crazy!!!!!🐾🐾…..🐾🐾……🤡❣️
The economy
The state of the nation
Gas prices
Grocery prices triple of what they were 4 years ago.
Out of hand tipping requests
Summer slow down
School supply costs
And so on… and so on ….
Also, your nails are Poppin today! I love that color of red it looks really good
As a reseller I’ve found that every election year people tend to spend less on “unnecessary” things until after the election. Sometimes it’s us. We’re actually busier and not working as hard. We’re taking little vacations, taking days off for company visiting…etc. It picks back up, it always does.
That's an interesting take... Thank you. Fall always brings better sales! I hope this year too!
Many people are on vacation this time of year so they are shopping less. It should get better in fall🍁. Hang in there!
I have almost 4000 items on Poshmark and eBay. Poshmark is dying a slow death. This month I have sold 15 items on posh and 70 on eBay. It used to be close sells on both platforms.
I'm sorry Poshmark is slow for you too! It's been rough!
Hi Lori, sales have been painfully slow. Love seeing you on you tube. You are definitely my favorite
Yes, my sales are slow on Poshmark. I haven't been thrifting much because I have a lot of inventory. Your videos are always great and you give us helpful advice. Thanks.
My sales have also tanked on Poshmark! I am trying to move major inventory and am being very particular in picking up new items! I always enjoy your videos and always learn a new brand to lookout for! Thank you and hope all of our sales increase with back to school sales soon!
This has been my situation as well. I used to clear at least $1,000/week. But now I’m lucky if I can get $200-300!
Better days ahead I hope!
Lori, just so you don't feel like you are alone, my sales on Poshmark have also declined each month since March. For the entire month of June I only sold $900 on Poshmark which is my lowest month on Poshmark since 2021. I have noticed a little dip on Ebay, but not nearly the drastic decline that Poshmark has taken.
We’ve tried Poshmark and Chairish but had no success. We do our best on EBay and still have an Etsy shop with some items but most of our posting is on EBay. We have less than 100 listings but are going to spread them out so we are posting something every day. That should increase our inventory gradually. Love how you explain why you picked up certain items from GW. We enjoy the process of learning as we thrift. 😊
The economy is terrible!! Everyone is spending their extra posh & eBay money on gas & groceries.
Here in Michigan we are doing well. Lots of businesses hiring
The economy is never perfect but to say it’s terrible is comical. Everyone I know is either shopping, eating at restaurants, or traveling daily in the summer which is why sales are down online. The biggest issue I see are with rent and insurance costs hurting families because certain Wall Street companies haven’t milked all Americans enough yet.
I agree with the sales dip. Something is really different. I've been selling on clothes for more than 7 years now on eBay and nearly as long on Poshmark. I don't know if it's an algorithm thing and getting pushed down by people that are paying for promoted listings? Both eBay and Poshmark feel like really different beasts within the last 6 months
Thank you for being candid about Poshmark - the summer slowdown is hitting really badly for me as well - definitely worse than previous years - and it's so demotivating, even though I have stuff to list and I KNOW listing more will help. You inspired me to start crosslisting to Ebay and that's what's keeping my numbers afloat right now. Never thought I'd see the day either that my crossposted platforms would do better than Posh - it's super upsetting :/
Try to list 5 things per day! I'm telling you daily listing does something to the algorithm. I've listed 40 items so far this month and sold 11. Stay at it- you will rebound!
Thank you for the encouragement! Consistent listing has always been helpful.
Love your blue & cream blouse Lori.
Love watching you thriving videos all love you.
My posh sales suck! I’ve sold one thing for July. I have to get on eBay just need to figure out the shipping part!
eBay is the best selling platform. Hands down! Depop is another great one to get in with the Gen Z crowd.
Great video as always, love the top you are wearing!
I really appreciate your transparency! Thank you for sharing. It makes us feel less alone in our disappointment and frustration. I will say I’m seeing an uptick this month so I hope it continues. I’m definitely sourcing more mindfully and adjusting my expectations when it comes to pricing my items. It seems to be helping.
I have sensed that your heart hasn’t been in it lately and thought perhaps you were pouring more of yourself into your other channel. It totally makes sense when things are rough on Posh.
Hope everyone’s sales improve soon!! Thank you for sharing and teaching!!
Hi there
Oh the new Bombas socks! I found myself a new pr semi recently, love them!!
Congrats on the self portrait dress! I agree with everything you said about Poshmark. Between June and July, I have had more no sales days then I have had with all of the other months this year combined. I always list more in the summer since I have school and as a result I always have made more sales and money. I have absolutely no idea what is going on this year but even though I am consistently relisting, listing new in season inventory, and using keywords I am having one of my slowest months ever! I was making more sales while I was in school earlier this year. It is super discouraging to see and my eBay has been performing better as well. I have only had a few sales this month as well. I really hope Poshmark picks up for the both of us as well. Great video!
My sales are lower every month so far, compared to last year. I really have no idea why. I believe I have more and better items, my prices seems reasonable, I've used the same pricing strategy, etc. I really do think that people are selling items cheaper than they would have in the past, and the live shows do not help us. I definitely have noticed resellers on youtube are selling things cheaper than they used to. Even new with tag items seem to be selling less than 50% of tag price. Unusual and more style based items are selling better for me.
Love watching your videos Lori! I am going to reset in the fall and do my own estate sale and keep just the items that will bring in higher dollars. I’m looking forward to a fresh positive start in the fall🙌🏼
Nice haul Lori. Better to be careful. People are having a rough time buying food.❤
So true.
Hang in there!
Hey 👋🏻
Happy belated birthday Lori! I think it was Sunday, as I believe your the day after me. I sell solely on ebay, April was my worst month ever even with consistent listing. May was better, but June and July are so so as I have been slacking with listing daily. I have been really strict with picking up new items. Trying to get back on schedule. Hope sales pick up soon all around!
Great video, Lori.
I am not a reseller, but I do have a Poshmark closet and often times I will sell items from my closet, as you so wisely taught us. 😊
And sometimes if I find something at a thrift store that I know is a good item, I will buy it just to sell it.
I haven’t sold much in months. I’m probably going to close out my Poshmark store for now and just donate what I have left. Nothing seems to be selling.
My personal preference is, I don’t buy much from Poshmark. I mostly buy from Mercari. I find the search option is better and just the use of Mercari is so much more user-friendly than Poshmark is.
Summer slow down is REAL! But, I had my best sales week ever last week thanks to a few very good sales, so I’m hoping we’re out of it. Don’t get too discouraged May-July. They’re always rough. And I own that Self-Portrait dress! It’s sooo flattering! It’s gonna be a great sale for you.
I’ve been reselling for 2 years and this is the longest I’ve done without a single sale on eBay - 2 weeks. I’m super part time and only have about 175 items up but I normally sell about 3 items a week through eBay.
I only sell on poshmark and think now I have to move to ebay to increase sales. There are so many people reselling now it's making it harder. It truly doesn't matter if you sell current trends or vintage it's whatever people are looking for at that moment. Good luck to all and hope sales pick up soon.
Hi Lori! Love your content! Yes, sales are slow….seems to be the case for most of us….and thrifts are pricing up everything. 2 years ago jeans were $5.99 at my GW and now are $12.99. More than double! I am hanging in there but considering the same idea you have of a huge purge and reset.
Price increases are definitely impacting us as well. I am itching for a reset Amy. We'll find our way. Thanks for being here.
Hi Lori. I think every reseller can relate to how you feel. I've been selling on Poshmark since 2015 and I've seen many ups and downs. However, This is my worst sales year ever. I think a combination of the live shows and promoted listings has really taken its toll. I know we're in summer slow down, but things were bad even before then . my strategy has been to list as many items as possible to try to make sales. I don't have a goodwill outlet near me, but I have tons of thrift stores here in Atlanta that sell things cheaper than Goodwill. I'm surviving, but it's been tough. Hang in there we're all in this together! Praying for better sales for fourth-quarter. Love the lumpy cameos. Can't believe how big he is getting! Such a cutie pie. Take care and God bless you and your beautiful family.!
I was swimming along grossing 5K plus on Poshmark a month on just a 400 item closet - and then out of the blue 4 weeks ago it's come to a screaming halt. It was just too sudden for me to blame the economy, etc. Is Posh up to the A and B group testing again? It has to be something on those lines.
But last year I stopped thrifting and started focusing more on NWT liquidation items. There is a liquidation store near me I can purchase things at and I also will go in on a pallet with 8 other resellers I know. I focus on all mid-tier designers and I want the $80 and up sale. Most of my items were purchased in the $ 12-15 range so about the same price as thrift or a few dollars more.
I also occasionally purchase nwt items from whatnot. I purchased 20 pairs of shoes for $5-$8 each recently. Shipping was bundled and they've all sold almost immediately in a week for $40 and up. They were not high end brands but things like sorel and clarks all new in a box. I'd rather to that then ever clean up thrift shoes again.
Sounds like you are savvy and you have a great strategy in place!
I love watching your videos and for someone who was an eBay seller for a few years selling clothes and vintage collectibles. You are very encouraging to get me to start again. Don’t be discouraged with lower than normal sales that could also be the season. Let us know if there is a good idea of what items are good sellers I want to start with my own closet and recently closed an eclectic vintage and gift shop so have lots to sell.
My sales have really tanked on PM too. Steady decline and I'm doing all the things too. Listing, sharing, promoted closet. I don't know what else I could do? I'm chalking it up to the summer slow down and trying to hold out hope for better things around the corner. But - I'm with you - I may need to do something drastic!
Thank you for sharing. I think some of this is on me too... I have inventory from when I started. It's time to let go of a lot and see where that takes me.
The economic situation is terrible. I believe people are cutting back where they can…
Yes to a big purge!!
Hi Lori! You are fabulous 1st of all….but I agree with you about the decline of sales I have been seeing. I am only a part timer but strive to list 20 new items a day but still see just a few nibbles. I am keeping the faith that sales will slowly increase soon…happy thrifting ❤❤
Thank you Ellie! Hoping things pick up soon for both of us!
I have an Etsy shop for my handmade items. I just had a 44% of sale for the 4th weekend and I had no sales. I sent emails out to my customer base and posted on all my socials. People just aren’t spending money right now. Keep your head up! Things will come around. PS can’t wait to receive my Coach bag and Levi Mile High cropped pants! Thank you for such a great bundle ❤
Love your Coach bag & jeans! Super cute! Lucky you!! 😊
My Poshmark took a nose dive in July. It had been so nice and steady.
I’ve had only two sales this month though. Thinking about adding eBay…
You should go for it!
Yeap! same here...slower than a snail on sales as far as Poshmark goes. I have been having to spread out more with Mercari and eBay. It is really frustrating and discouraging at times.
I resell on the side but work full time in music industry. Concerts are slow across the board. Hopefully after summer vacations, things pick up. If not then, maybe after elections. Always love your content!
Àlways love yoùr videos
Hey Tater! Congrats on ur dress, so cool! I'm right there with ya with all this craziness! A restart seems like a great option! Things have really changed since we started, right? It's kinda scary... I wish we lived close to each other every year, I want to get more into yard sales, but the idea always seems to evade me. I feel like a partner in crime would be beneficial in so many ways! I'm really struggling over here, too. My sales are less than yours, what are we gonna do? Lol 😮✌️💜✌️💜😩
My sales have been super slow too. Then they will oddly, out of nowhere, pickup again for a short time. Then slow back down again! Sigh. I tend to get more weekend sales. I personally think there are several factors contributing to the slow sales. Thrifting in general, especially reselling, is as trendy as it's ever been thanks to social media. There is SO much more competition now! The market is flooding! Also, places like Goodwill (ironic name...) have increased their prices dramatically. And don't get me started on VOA!! The quality of items have seemed to tank from what they were as well. Almost makes you wonder if they are hoarding the "good stuff" for their online sales and auctions. It's all around so frustrating! I may be a reseller, but I also rely on secondhand shopping for personal use for my family! The thrift stores have gone mad with their pricing!
Hi Lori- love your videos and honesty. I’m originally from Maine (Old Town-right next door to UMO!)so I love the New England twist! My stores on EBay, Posh and Mercari are all down. I watch quite a few resellers on CZcams and they are all saying the same. One thing I find interesting are those that used to say price high and don’t chase the sale are now all saying drop the price and sell- you’re not a hoarder, you’re a reseller. I think everyone is looking for bargains because their $ has to go towards staples like groceries, gas, housing which has all gone up. I’m much more selective of my purchases and am looking to resell bread and butter items which people can afford and need instead of higher priced splurges for the customer. Hopefully things will turn around, somehow they always do, but until then, I’m selling more low priced clothing $20-$40 prices and taking offers. Lower priced sales are better than no sales. We are lucky since we don’t have to be the sole supporter for our families like some other resellers. Hang in there kiddo!
Oh wow! I've been feeling the same way. Just been so over it lately. Thought it was just me being dramatic.
Hi love your channel ❤
I think reselling is down because of economy too. There are a lot of resellers. Everyone is trying to make extra money where they can. I am hoping August and Q4 are better. I only sell on ebay
The struggle with reselling is real. Every time I go to the thrift store I find very little worth any profit. After every trip to the thrift I question why I keep doing this and hope that at some point its going to turn around. Maybe its time to sell something other than clothes but I'm not sure what I would sell because hard goods are also showing a decline. Thanks for keeping it real with us. :)
My sales are really bad on Poshmark last couple months. Most of my sales are on EBay which is up and down. I still feel it’s all the live shows where you can buy so cheap and now EBay is selling live also. I don’t want to be on camera so that’s not for me. I hope things pick up.
Poshmark is very slow for me right now. Only 2 sales for July so far.
Reselling has definitely slowed down. I think its a mix of inflation, people are on vacation rn and what not. I have an AG doll that has marker on the cloth body. Do you know of a way to get that out? thanks!
i sell on ebay.i LOVE IT . personally the issues i hsve are with myself if im being Honest.. i just have no discipline unfortunately .i know what i need to do; just making myself actually do it.i love shopping. love photographing,i even like listing sometimes ,but listing is where where im so lazy.
I have done well on eBay and Poshmark I have never experienced terrible summer slowdown today alone I sold 8 items on eBay and 5 on Poshmark but things don’t sell for as much as they use to since live selling on Poshmark started and whatnot average sales per items has suffered a bit
I have around 400 items listed and I was consistently having around $1000 of sales on ebay and around $200-400 on posh per week...last week my total was around $700, so def less, but I have been on vacation off and on...still work 2 days a week as a RN, but sales have def dipped. this summer Ive been taking all offers, just to keep things moving....listed a betsy johnson dress I paid $5, and sold for $100 the next day...sure I could have maybe gotten $150-200 but im taking all offers right now.
Yes, sometimes I wonder what has changed reselling so much. Live sales? Economy? Reselling being so popular more than ever? Or maybe just all thise things. Personally, I know I do not shop like I used to.
Hi Lori! Sad, but true. Poshmark has been pretty awful for me, I would say declining ever since Posh lives started. I'm earning less than half of what I used to. 4/5 sales were my average daily. Now I'm lucky if I get 1 sale a day. It's crazy. Posh used to be my highest earning platform, but now ebay has definitely taken over.
Posh is crazy. I've been a personal reseller since 2017 and have only sold 17 items this year versus 100 items each in 2021 & 2022. It's been dead this year, but I've surprisingly had some luck lately selling shoes. I'm going to have a clothing rack at a local secondhand sale soon, I hope to just sell everything and move on!
Vtg Coach are having a moment, super trending with Gen Z, particularly with thar Soho model. It's crazy that overnight they went from selling for $30, to $100. Glad I had a couple in an old death pile lol
My sales in July have been good.
I'm promoting on Poshmark at the recommended $60/wk. I have over 1000 listings.
I took Cayley Elaine's advise and I'm promoting on ebay at the recommended percent.
Sometimes as high as 12%.
Yes, it totally sucks to have to pay that but my sales are way up
Summer slow down is real and Poshmark has been slow . I also have been depending on Ebay
It gives me some peace of mind to have my things on different platforms.
My sales were also terrible in Feb. May and June were my best. Im part-time.
Im in semi-closet-purge mode now. Getting rid of old listings super cheap.
I only just started thrifting and I have noticed that people are out to make big money regardless of quality. You seem great at buying quality but not everyone is. I just got burned on poshmark although I also got something very nice. I guess it is buyer before
It’s been terrible! Did everything is so expensive! I’ve had the opposite issues with Poshmark and eBay! But now now both of them I just put them on vacation mode… I’m just tired of it.
what do ya watch or listen to if anything whilst listing ???
My Poshmark sales are pretty much nonexistent. eBay has been doing pretty good. Hopefully sales will pick up when school starts back.
My sells on Poshmark have declined as well. Just trying to figure out my next step in my resell business. I never have any luck on eBay I just get scammers on there. So I’m just trying to figure it out. I love reselling too much to give it up.
I haven't been reselling as long as you have, so take my comment coming from where I'm at. Poshmark has always felt like a "supplementary" platform to me. I don't feel like I make as much $$ as on other platforms for the same items.
Posh has been on a steady decline for me also but eBay has been pretty good. June was a bit slower but it always is for me. I just really think people are very careful about what they are spending right now. Hang in there!!!
Hello 👋🏻
I have been selling a lot of things on poshmark. I stopped selling on ebay. It was just too expensive.
I’m watching some other sellers on CZcams and there is a lot of covering their hauls from the Goodwill bins or from estate sales, but not so much being said as to what is being sold or being sold very quickly. Also, noticing that a couple of CZcams sellers are Doing new videos on how they thrift at a few goodwill shops in one day. I live in the New York metro area and have tried different goodwills, but the finds are not as good or as plentiful as the things you show.. keep up the good work 😊
Posh has always been bla for me but ebay is pretty consistent for me.
I’m only now making 2 sales per week on posh ! eBay is my savior and beleive it or not , Depop is beating posh, I’m getting about 5 sales per week on Depop ! 🤦🏽♀️
Same here. Depop has been pulling ahead of Posh.
I’ve sold 5 things on Poshmark this month, which is pretty typical for me (part time, about half the items you have in your closet). Most were low dollar sales (under $25), so maybe that’s an issue? I always have believed there is a rolling server on Poshmark where your closet is being shown or not. It probably is being crowded out a bit more because of promoted closets.
For me it’s feast or famine. The more items I list in bulk, so like 30 at a time, the more action & sales I see. Also, sending major offers. It’s certainly time to be a shopper right now! One key for me has been sourcing for very low cost inventory. I don’t mind only making $30 vs $50 if I know I bought it for 99¢. And that’s really my goal.
Hi 👋🏻
July has been terrible. Ive sold 16 items on Posh but Ive been accepting lowballs on items that I really want to move, my ASP for July right now is around $20 and its usually about $30.
The year hasnt been too bad for me so far on Posh but I'm not a fulltime seller so I only expect $1500-$2000 from Posh monthly and so far Ive been hitting that. July could prove me wrong though!
Last year June was slower than July for me so Im hopibg things pick up after the 15th.
Posh sales tanked for me too similar decline to yours. Must be the live sales that ruined the regular sales. Without eBay it would be an even sadder situation.
I usually have 3 good months followed by a down month. Had a good March, April, May but sales dropped 40% in June and July is not looking promising. I have 3500 listings so I cut back on thrifting. My closet is geared towards cool weather so it's not surprising but if it doesn't pick up in the fall, I'll have to make some tough decisions.
Hey 👋🏻
Thank you so much for discussing the decline of Poshmark. I've been so down about it and thought surely it must just be me. Been jumping through hoops to get the sales going but nothing was working. guess it's many factors for the slowdown but this is the worst. Was wondering why you are downsizing your closet? Maybe you could talk about this a little more.Always enjoy your content and loved the trip to Nantucket!
Hi 👋🏻
Please have more size Large and XLarge in women
Same same for me- Poshmark is a total dead zone- makes me so sad!
The sales have tanked!!!
I’m not a reseller, but i only shop on eBay. I never go to Poshmark or any other place to buy clothes.
Guess bought Rag & Bone
Interesting!
I have a ton of clothes behind me to list. I HATE selling clothes LOL, I just don't have a great set up for it. I love selling jewelry and collectibles, BUT have no storage area, so am focusing on jewelry because it is smaller. Sadly with a slower market, jewelry is not a priority, so it is slowly moving (I am actually surprised at how slowly because I typically pieces would sell within a week or 2 - 3 weeks at the most, now they don't even get views). What is selling, is for less.
June and July are the slowest months in retail. Summer slowdown happens. I'm having the best sales months ever right now, but it's because of a few key factors. I'm selling shoes with a great sell through rate and ROI. I'm also promoting my closet in Poshmark, just $30 a week. eBay is by far my best platform. I list consistently, and I changed promoted listings from 3% to 10%. Big difference. It's worth it to me to pay for the advertising. I'm relisting my closet and ebay items daily. I'm also accepting most offers. You did well when you did your closet promotions at Christmas. Given your social media platform, why don't you do a big July sale. "Summer Sizzle" should have summer sales. It will pick up in August.