Friday, April 19, 2019

How can I sell my items for $4 and $5 and still make a profit?

If you are new to Posh and are thinking of selling there but don't have a lot of money to invest, start with your own closet and the closets of your friends and family. Let them know what you plan on doing and ask nicely if they would have old clothes they no longer need and wouldn't mind donating. That's what I did to start and some of my family members had really awesome items to sell. I ended up collecting some really great items to start with.

Another thing you can do is hit Garage sales in your area. Spring and summer are obviously the best time to do it as that is when most people host them. If you buy more than a couple pieces you can usually talk them down to a better price. 

Thrift shops and secondhand stores are also a great avenue. You can find name brand items starting at $4.99. At certain thrift shops they have colored tag sales as well, for example: All items with the red tag are 50% off!  There are also thrift outlet stores where you can fill up an entire cart and pay by the pound!! Talk about heaven!! Make sure you do your research to find these kind of shops and deals in your area.

Pawn shops can also be good for reselling things like jewelry if that's something you'd like in your shop.

AliExpress and other wholesale shops are good for getting started. Lots of great inexpensive items. However you will wait a long time before your order gets to you as most products come from China so plan ahead.

I do a little bit of everything. I try my best to get items for as low as 50 cents a piece that way I can offer products at a low low price such as $4 and $5.  The reason I try to keep my prices low is because its at a range I can afford myself. I can't afford $100 items at the moment but I can buy $4 and $5 items more frequently. Also, people will bundle more frequently if you offer low prices and you will get a better profit percentage from each bundle sale. It can be more effective to sell lots of items frequently than a more expensive item every couple of months and it will keep people coming back if they know they can get a great deal from you!

If something is basic, not a sought after brand, offer it as cheap as you can otherwise it may sit for months or even years. Name brands, unique and highly sought after items can be priced higher as they will tend to sell at a higher price.

It takes time to build inventory and it will happen as you make money and can invest more. Don't get discouraged. You can do this! I only started with a few items and now my closet is around 3000. Totally doable!!

Well that's all I have for today!! Happy Poshing!!



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