All posts by Ediza Ferris

Poshmark Tip of the Day: How To Get Free Clothes On Poshmark.

For those of you who are looking how to get free clothes on Poshmark, look no further! Try throwing out your referral code! Anytime I mention that I use Poshmark, I immediately have each person sign up with my code.

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Each time you sign someone up on Poshmark, you immediately get a referral credit of $5 that is on hold until that person purchases an item. Once they buy something on the app, that $5 is credited to you in the form of Posh Credit.

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So if you want to rake in the free clothes, then start slapping your referral code on EVERYTHING. All your social media outlets should have your referral code, and anytime your post an item on Instagram, make sure to add your referral code in the description and tell them that they get $5 off using your code!

Stay Healthy,

 

-E

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How To Negotiate On Poshmark

ATTENTION ALL POSHERS!!

Here is a crash course on some simple negotiation tactics that’ll get you the sale that want and save money in your pocket! I’ve seen and experienced time and time again, people that miss so many opportunities to get such great deals because they don’t know these simple rules of negotiation.

Lesson 1: Making the Offer

Making an offer is easy, it is expected to be lower than the retail price, how low you want to go is dependent on you. Typically anything lower than 50% may start the negotiations in a rough place, so if you intend on going lower than that, be aware. If they decline, then resend an offer for higher, and see if they’ll bite again. 75%-90% offers get really high immediate acceptance rates, so that’s something to think about, you may just get a deal right off the bat!

Lesson 2: The Counteroffer.

This is the part that I feel I need to teach everyone. I would have to say a good chunk of the population think that if someone counters back that that is their lowest. NOT NECESSARILY!!! This just means they’re game! They are ready to rattle and roll, and if they’re done, you’ll know it, (I’ll get to it in the next lesson) but there’s still room to dance!

So unless they’ve sent a counter with one less 0 in it, then send your counter. This sets the pace of the negotiations. Go up $10 they may go down $10. Go up $1, you may be in for a loooooooong night!

Lesson 3: Enough is Enough.

When you or the seller are done at your highest, or their lowest to show that you are done you counter at the last bid you gave. How many times? I’d say 3…MAX. If you go above that, it’s just annoying. 2 is like, “yeah I’m done.” 3 is like, “yeah, for sure I’m done, so stop asking.” If you can’t agree on a price then it is what it is, nothing wrong with it, decline the offer and move on to the next item.

Lesson 4: In Conclusion

Man I can’t even count how many times I’ve lost deals with people who immediately see my counter and decline. Holy hell. It’s like I’VE insulted them by going lower on my listing price! But what people fail to realize is that I am, on average, still willing to go lower if they wanna continue negotiating! If I go lower and they stick to their original offer, then I know, this is the highest they’ll go. If I counter 3x with my same number, just know, THAT’S the lowest.

Don’t miss out on these deals that you can have by leaving it dead in the water on the first offer! Try it out and see how it goes, guarantee you’ve been missing out on some epic deals. If not, then complain to me down below in the comments section!

Also make sure to put your closet link down below, I love checking out new closets!

 

Stay Healthy,

 

-E

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