The Best Selling Brands On Poshmark
Today I’m talking about the best selling brands, for me, on Poshmark and Ebay.
If you’re like me, you’re constantly adapting to market changes and strategizing to maximize profits. So, let’s take a closer look at how this month is shaping up and the key insights I’ve gained along the way.
I’ll be sharing a behind-the-scenes look at my sales journey. From tracking sales data to analyzing top-performing brands, I’ll walk you through the highs and lows of reselling in a dynamic market.
Know Your Numbers
First things first, let’s talk about knowing and checking your numbers. I did a deep dive into my inventory, sales volume, and profitability.
As I review the data for the past 28 days, I can see a clear trend: a decline in both sales volume and average sale price.
I’m not hitting the panic button yet. Instead, I’m viewing it as an opportunity to pivot and adapt my strategies for success.
Strategies for Adapting to Market Changes
In the ever-evolving world of reselling, flexibility is key. That’s why I’ve been strategically adjusting my listing quantities to align with shifting market trends.
By being selective about the items I list and focusing on high-demand products like boots, jackets, and sweaters, I’m able to maintain profitability even in a challenging sales environment.
Performance Analysis on Poshmark and eBay
As a multi-platform seller, I rely on both Poshmark and eBay to reach a diverse audience of buyers.
However, this month has presented its own set of challenges on both platforms. While eBay sales are holding steady, Poshmark sales have seen a significant decline.
Despite this, I remain optimistic and continue to explore new avenues for growth.
Top Gross Revenue Brands
Let’s talk brands! In the world of reselling, certain brands consistently outperform others. From Vince to Free People, these top gross revenue brands are the bread and butter of my business.
By carefully analyzing sell-through rates and average sale prices, I can identify which brands are driving the most revenue and adjust my sourcing strategies accordingly.
These are my best selling brands on Poshmark and Ebay:
- Vince
- Free People
- Michael Kors
- Cloth and Stone
- Chico’s
- Victoria’s Secret
- Zenga
- Rebecca Minkoff
- Lulu’s
- BCBG Max Azria
- Dooney & Burke
- Betsey Johnson
- Kai
- Juicy Couture
- Crocs
- Talbots
Actual Items Sold
Now, let’s get down to the nitty-gritty: the items that are flying off the shelves (or should I say, out of my closet)!
From Free People tunics to Seven For All Mankind jeans, each sale tells its own unique story.
By accepting offers and strategically pricing my listings, I’m able to move inventory and keep the cash flow coming.
Navigating offers in the reselling game is like mastering a secret language. It’s not just about saying yes or no; it’s about understanding the nuances of negotiation and making those dollars count. So, when that ping hits your phone with an offer on one of your listings, it’s time to put your savvy hat on and dive in.
Value
Does the offer match up with what you’ve got your item listed for and its worth? Sure, everyone loves a bargain, but you also want to ensure you’re not shortchanging yourself.
Market Vibes
Take a peek at what’s hot and what’s not in the reselling world. If your item is flying off the virtual shelves at top dollar, hold tight for that sweet offer. But if it’s gathering dust, a lower offer might just give it the push it needs to find a new home.
Research Your Buyer
Check out their history on the platform—are they a seasoned pro or a newbie? While it’s not the whole story, it can give you a hint of what you’re dealing with.
Keep It Classy
Thank them for their offer and, if needed, shoot back with a counter that works for you. Keep the convo flowing, and before you know it, you’ll have a deal that satisfies both parties.
Remember, every offer is a chance to flex your reselling muscles and get closer to your goals. So, whether you’re all about the profit or spreading the love with your wares, each negotiation is a step toward reselling success.
RELATED: Poshmark Selling Tips EVERY Reseller Should Know in 2024
And There You Have It
This was a small glimpse into the world of a seasoned reseller like myself.
While the road may be rocky at times, I remain committed to adapting, evolving, and ultimately thriving in this ever-changing market.
If you’re navigating similar challenges in your reselling journey, know that you’re not alone. Together, we’ll continue to learn, grow, and succeed in the world of reselling.
Thanks for joining me on this journey. Be sure to sign up for my email list below so you don’t miss my next update! Until next time, happy reselling!