u/FunTaro1385

How are we supposed to compete with people pricing their listings so low?

Okay, so as of recently I had started basing my prices on the MSRP value of the item, not the recently sold as I know a lot sellers letting go of items just to get rid of them, or pay per pound at the bins. I still feel like that affects the prices of the resell market but I understand that people are able to run their business how they want.

Yesterday, I bought a NWT Donni sweater at my local thrift for $5. I have seen that brand before, I thought hey it could probably fetch me at the very least $25. Well, then I cut the price tag off, list my item, I am looking on Posh to see others listed, and I see the exact same one, also NWT listed for not even kidding $7. I saw another one at $10. While I should have checked comps, Donni sells items retail at $150-$500, I feel like $5 on a NWT top was a no brainer.

At this point, what am I supposed to do? Its a one-size item, so its identical to mine. Should I still list it aiming for that $20 range? Is it even worth it? Here is to another item thats just going to sit in my closet for 2 years probably

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u/FunTaro1385 — 3 days ago

Trying out more stock photos vs. hung with click-through metrics

Been trying to strategize better with my listings in order to get more sales bc I think buyers like to see the intended fit.

I started looking at the metrics and revising my old listings that haven't sold especially for items that I can find the original brand's stock photo. It takes longer of course, but I reverse image search and sometimes have success.

I did a very rudimentary test to see if there is any difference. This isn't perfect, so please let me know what you'd do differently. I filtered my available listings by 1-30 days (113 listings), clothing only, men's and women's. I excluded a couple of anomaly items that got a ton of traction for brand alone. I stuck to click-through's of 0-40.

I found that with 44 main stock-cover listings, average clicks were 9.44. Listings with regular hanger-hung cover photos, 69 listings, average was 7.28 clicks. It could be possible that the brands with stock images are trending and more modern (lululemon, athleta) while my hung photos are items that are vintage or generic (gap, old navy) and just things I didn't see taking extra time would be worth it.

Would you put the effort to find stock photos for more potential buyers? I was thinking of testing this with Likes or Offers instead. I would have done Sold but I just started doing this so I wanted to see fast metrics.

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u/FunTaro1385 — 10 days ago

From what I understand, there is practically no difference between paying for the Starter Store at $4.95/mo and No Store package because you're only allotted 250 listings and then 30 cents for each additional.

As a seller who mainly sells on Poshmark, I have 224 active listings on both platforms since I crosslist, and I have about 100 more items I am still working on posting daily.

With the Basic Store package being $21.95/mo, is it feasible to agree to pay about 2 sales worth to equal that cost? Someone in another thread said if you're making $2,000 a month, its a no brainer, however, I only make about $300/mo from reselling on ebay. I'm not a FT reseller and most of my sales are coming from PM where I also make $300/mo after their hefty 20% cut.

I just have no idea what to do. If anyone has any advice I would really appreciate it. I am not really looking to open a second ebay store as some people have mentioned on other threads, since id like to grow and seem reputable to customers, but if someone has broken down the math to make it easier to justify $22/month for a whole year that would be so valuable

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u/FunTaro1385 — 17 days ago