Making an Offer – My Best Friend

This year I’ve made it my goal to really push my closet into full throttle and make some serious dough on Poshmark! It’s been challenging in many aspects but I’ve learned a ton about how to use this app to my advantage to make a decent amount and come up positive every month. Which brings me to my favorite feature: Make an Offer. I can still remember to this day Manish walking into our workshop at the very first PoshFest like he had an epiphany, and asking everyone about that feature. This my friends, was the beginning of what has made my business.

Now don’t get me wrong I’ve heard so many complaints from women all around about how they get lowball offers all the time….in fact, I think I have had a Bitch-a-thon or two about some of the offers I get. But lest I forget the real beauty in the Make an Offer feature.

You the get money upfront.

This is severely overshadowed by the actual amount that you get. But if that number is in a good range, oooh mama the deal is on! I would have to say that 99% of all my sales are offers, and thankfully I’ve been able to make deals on a daily basis! Now there’s the occasional “payment didn’t go through” but that happens very few times for me, and if you’re one of those people who it happens to, please fix immediately! No one likes to get happy from a sale, then instantly distraught. No one!

Negotiations are private.

No one likes to have one price posted only to have someone else slap on a much lower price on your wall. Now everyone will be looking at the lower price and not the actual retail price, unless you get a few die hards that try to correct you on the retail price (that’s happened once, AND it was a dude, go figure!). But when someone sends you an offer, all negotiations are done in private, between you and the buyer, with just numbers.

No cancellation on buyers end on a ‘Make an Offer’.

Usually there’s a 3-hour window if a buyer has buyers remorse on any other transaction. But when making an offer, all sales are final. So make sure that your descriptions are spick and span clean so that there are no discrepancies if they decide to open up a case.

Buyer creates their own destiny.

As much as like like to control every little experience that people have when they shop in my closet, I can’t control people or how they feel. Everyone is responsible for their own happiness, so by giving the people to choose their own price, really can effect how they feel about a purchase. If they score big by throwing a lowball offer and getting it accepted, then they feel good about the buy and may want to try their luck on more items. People LOVE feeling like they got a deal on something, so let em have at it!

Conclusion

I hope this helps some of you to try to take a look into your own closets and really embrace the Make an Offer deal. I try to stop looking at the audacity that people have when they make offers, then I stop and look at how much I may have paid for that item and think, “oh, well I am still making money!” …that’s of course factoring the time and effort put into these items, and listing them, try not to forget those things.

Also if you see people consistently offering less, please take a look at your covershots and try re-listing your items at a higher value.

Stay Healthy,

 

-E

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