As resellers, we’re always seeking new avenues to grow our businesses and maximize our profits. If you’re looking for a fresh way to expand your inventory and earn additional income without upfront investment, the Poshmark Consignment Network may be exactly what you’re looking for.
What is the Poshmark Consignment Network?
Poshmark has launched an exciting beta initiative called the Poshmark Consignment Network, designed to connect trusted sellers (known as Closet Partners) with consignors who want to sell their items hassle-free. This program offers a unique opportunity for experienced sellers to increase their inventory at zero upfront cost and minimal risk.
Currently, this network is in a limited beta phase, primarily available in areas like the San Francisco Bay Area. However, as this pilot program evolves, it is expected to expand rapidly, providing resellers nationwide with new opportunities.
How Does Poshmark Consignment Work?
The process is straightforward and transparent, making it easy for resellers and consignors alike.
For Closet Partners (Sellers):
- Receive Consignment Items: Approved sellers receive carefully selected items directly from consignors through Poshmark.
- List & Sell: Sellers are responsible for photographing, listing, pricing, and promoting these consignment items in their Poshmark closets.
- Earn 50% Commission: After an item sells, earnings are split 50/50 between the Closet Partner and the consignor, after Poshmark’s fees.
For Consignors:
- Send Items Effortlessly: Consignors simply ship their items to the Closet Partner through Poshmark (Poshmark has partnered with Uber) eliminating the hassle of listing and managing sales.
- Track Sales Seamlessly: Consignors can track the status of their items and sales within the Poshmark app.
This consignment approach provides a stress-free way for individuals to declutter their closets, while resellers gain fresh inventory without purchasing upfront.
Eligible Items and Prohibited Listings
Poshmark is specific about what items are acceptable for the Consignment Network. Eligible items include women’s, men’s, and children’s clothing, shoes, and accessories in clean and wearable condition. Sellers must carefully inspect each consignment item to ensure it meets Poshmark’s quality standards.
However, it’s critical for resellers to familiarize themselves with prohibited items on Poshmark to avoid account issues. Common prohibited items include:
- Used makeup and beauty products
- Counterfeit or replica items
- Electronics, home appliances, or household items (excluding certain approved categories)
- Perfumes, fragrances, and aerosol products
- Hazardous materials or items restricted by shipping regulations
For a detailed list, visit Poshmark’s Prohibited Items.
Integrating the Consignment Network with Your Reselling Strategy
If you’re already leveraging powerful cross-listing tools like List Perfectly, integrating consignment sales into your workflow can further streamline your process. Here are a few strategies:
- Cross-listing: List your Poshmark consignment items to other platforms easily using List Perfectly, increasing exposure and sales potential.
- Inventory Management: Track your consignment inventory separately within List Perfectly, allowing for clearer accounting and commission tracking.
- Enhanced Product Listings: Utilize List Perfectly’s background remover and bulk-editing tools to ensure your consignment items stand out, maximizing appeal and buyer trust.
Benefits of Joining the Poshmark Consignment Network
The Consignment Network provides numerous advantages for resellers:
- Zero Upfront Investment: Increase your inventory without paying out-of-pocket.
- Expanded Inventory Variety: Gain access to diverse, quality items that you might not usually source.
- Risk-Free Growth: You don’t pay for consignment items upfront; you only share earnings after the sale is completed.
- Boosted Earnings Potential: More listings equal more sales opportunities, directly boosting your income.
How to Get Started
If you’re interested in becoming a Closet Partner, the process is easy:
- Visit the Poshmark Consignment Network page to learn more and apply.
- Ensure your closet meets Poshmark’s criteria for trusted sellers.
- Once approved, begin receiving consignment items and integrating them into your existing workflow seamlessly.
If you’re interested in becoming a Consignor:
At this time, users must be located in the San Jose area to be eligible to participate in the consignment program. In the meantime, you may join their waitlist.
To join the waitlist:
- In the app, go to your Account Tab (@username), or on the web, select your profile image from the top-right of the page.
- Select My Consignment Bags.
- Add or confirm your shipping address.
- Select Join Waitlist.
You will receive a notification via email once you are off the waitlist. Once you are off the waitlist, you can request a bag to be sent to you.
Final Thoughts
The Poshmark Consignment Network is an innovative way for resellers to enhance their listings, increase sales, and build stronger relationships within the Poshmark community. By combining this powerful tool with List Perfectly robust features, you’ll set yourself up for even greater success.
Explore this exciting new opportunity today and watch your reseller business thrive!
