It has been a very difficult month. In fact, it has been slowly getting more difficult month after month since November of 2021. It will get better for whomever is able to survive the attrition. I list 50 a day and have cut all staff to just myself. I have reduced my storage needs and am also looking after little kids full time. It is a hard grind but it will get better. Cheers!
Take it for what it's worth - but I have similar inventory volume and don't do promoted listings :) And had great sales still... Maybe just something to cut down your cost a little!
My sales have been slow. I haven’t been listing much but at some point I can’t keep buying and listing if it’s not selling. I feel like the live sales have had an effect on everyone’s sales especially Whatnot where they are selling stuff for $5 when it would normally sell for $50. It’s insane
Hi Mogi!!! I was so excited to see the item I purchased on a ship with me video!! I love my Nordstrom dress! You have a great eye for quality! I have not sold the first item for the month of March, but I’m keeping on and not giving up!!!
I have sold on posh a really long time. The last few months I noticed I haven’t been getting my funds from sales within 72 hours if the buyer doesn’t accept. I have been having to notify posh. Please be aware of this! One sale was over 200$. Most of my sales are closer to 20$ but they still need to run me my money!
I have the best luck selling Ferragamo and Hermes patterned ties, which I do find at the thrift (GW primarily). But I also do well with vintage ties from Lanvin, Givenchy, and other similar designers. I also do okay with Vineyard Vines novelty patterned ties, so I pick them up as long as I can get them for .50 to $3. As you say, they are easy to store, quick to list, and simple to ship, and the profit can be good. I sometimes make more money on a tie than I do on a dress or jacket, depending on the tie.
Ties…my husband does not wear them, but he has amassed quite a collection of Jerry Garcia ties. They do pretty well, but I’m sure he’ll hang into them until we’re both gone and someone will snag them at our estate sale! I have a tote full of other ties he is willing to part with but I’m not motivated to list them. I did have luck with sets that included a tie and hankie that were new and colorful. I sold a Tiffany tie once, but surprisingly it took months! Hence my lack of enthusiasm about ties.
Designer ties, I look for 100% silk only ties and designer brands (Salvatore Ferragamo, Burberry, D&G etc) and interesting patterns and monograms, holiday patterns, Disney, plain or striped ties don't really move for me.
Reading the comments regarding lower sales, I am wonderful if more people are thrifting for themselves? I know I have been. I have learned a lot by watching these types of videos and picked some very nice things for myself for very little money. I made my 1st trip to the bins on Saturday (that was crazy!) and averaged paying $1 an item. Boutique brands, one Athleta item, one Banana Republic wool sweater, Nike hat, an Anthropology brand Capri jeans that didn't fit, older line went in my donate bag.
Love this style video! It’s helpful to see what you’re selling and for what price. Couple questions, why don’t you use priority tyvek envelopes for all Poshmark sales and how do you get Mercari labels to print on your label printer? I can’t get the orientation right. I’ve sold a few ties for $18-25. David Donahue, Salvatore Ferragamo. My sales have been very slow!! Liked your comment about Austin. That’s where I live. I remember an old video when you sourced in Austin. Unfortunately our goodwill’s have gone crazy with prices! It’s hard to make a profit. I hope things are going better for you. You deserve much happiness and success!!🥰🥰
My march sales have been terrible.... and I have been listing, what I think is good quality stuff. I have been taking super low offers, listing a lot I just got for $0.27 per item at a fill a bag event... all lower ticket items with exception of a few, but I figured if that's what is selling... go with it.
: : I thought about this as well. In my business classes our text books always referred to Gross as before anything is subtracted from your sale (such as fees, taxes, shipping, COG, expenses in order to sell the item, etc) and Net as what is left over after you’ve subtracted all of the above. Hmm interesting. : :
I’m having a very good month in the number of items being sold, but people are definitely buying lower priced items. I’m up in profit, but not by as much as I would expect based on the volume of items being sold. Not complaining, I could be down all around! Just an observation. I have had good luck with quality novelty/specialty ties, things like colleges, holidays, car makes, trendy food/alcohol brands etc.
My March sales are doing well! I personally just started social media on Insta & FB through a professional account and I'm loving it! Thanks for sharing your sales! 😊
I don't know how to crack the code to mercari I've been on mercari for 4 years I started reselling there, I have everything cross posted to mercari and still don't make daily sales
Sales are slow for me but I blame it on myself. I use PosherVA which is a huge timesaver. My problem is, I work a full time job and when I get home I have zero to give for Poshmark. I haven’t been listing consistently for a couple months. The sales I do get are the lower end items. I still love thrifting and reselling. I just need to find a routine that will work for me with my full time job. Thanks for all you do. Keep up the good work!
I'm new to reselling but my sales are pretty equal between platforms. Been selling for 6 months and only things from my grandfathers estate (ferbies, vintage tees, kids cloths) and have had about 10 sales per platform. My vintage collectibles do best on mercari
I’ve had some really super low sale prices lately. So with the shipping discount I’ve lost money. Just trying to clear out lower value items. But I’m wondering how I can even make much profit. I don’t find high value items in my area. Thrift store prices are very high and I don’t have a bins near me. Getting discouraged
Hey Mogi...love you and your You Tube! I have a question? Where did you get the work station behind you? I need that in my life! Keep up the good work!!
It’s funny that you tape the sides of your flat rate bubble mailers. I do that too. For one, there’s holes on the sides; and two, the seams separate pretty easily. Just curious why you do it?
I haven't been offering shipping discount on Poshmark and I'm having the same amount of sales. Poshmark fees/shipping is just a little too crazy. I'm all about eBay:)))
Copy and pasting this answer from below! I order my tissue paper from here (www.packagingprice.com/20-x-30-white-machine-finished-4-tissue-paper.html) but I don't recommend it since shipping is so high. I usually wait to place a massive order about once a year in order to get free shipping. This one from Amazon is the same size: amzn.to/407aIHn
Oh geeze. I’m only a part time reseller, and have about 100 listings, but I’ve only had two sales all year. I don’t pretend to know what I am doing though. So maybe it could have been better?
thanks for the video! i was wondering if that is tissue paper or packing paper you use? i checked your link below, but didn"t see it, just the kraft paper. thanks!
Hey! I order my tissue paper from here (www.packagingprice.com/20-x-30-white-machine-finished-4-tissue-paper.html) but I don't recommend it since shipping is so high. I usually wait to place a massive order about once a year in order to get free shipping. This one from Amazon may be similar: amzn.to/407aIHn
I think it's $25 and it's a can't do without item. Unless you're a casual hobby seller you really can't afford not to have it. It would be like running a race with one leg.
What is the wrapping paper you use? I looked at your products linked to Amazon but it can’t be the Kraft packing paper can it? I like the paper you are wrapping all the items in. Thanks!
Copy and pasting this answer from below! I order my tissue paper from here (www.packagingprice.com/20-x-30-white-machine-finished-4-tissue-paper.html) but I don't recommend it since shipping is so high. I usually wait to place a massive order about once a year in order to get free shipping. This one from Amazon is the same size: amzn.to/407aIHn
THE TRUTH!!!!!!!!! THE ONLY WAY TO MAKE MONEY ON THESE PLATFORMS IS TO HAVE A UA-cam CHANEL WHERE YOU TALK ABOUT THE PLATFORMS. UA-camRS ARE PRIORITIZED ABOVE EVERY ONE ELSE AND THEY KNOW IT. THEY WON'T TELL YOU THIS BECAUSE THAT WON'T MAKE THEM MONEY IF YOU KNOW. IT TAKES AWAY FROM THEIR SALES.
Resellers need to stop accepting five dollars for items by the time you prep the item take photos answer questions you have wasted at least an hour of your life so stop giving it away
I'm finding that those who cross-post have fewer sales on eBay. For example. I have a friend who has less than 150 items and I have almost 400. Her prices are high and or around what I would put, her items are what I buy and sell too but she sells double the amount than myself on eBay? She does not crosspost, she only sells on eBay. I have another who has 500 items that only sell on eBay and she sells well. But all those I know who crossposts sales are much slower. Is this consistent for all of you who crosspost? She does no promotion, no instagram .
Hey. You’re mixing up the words “gross” and “net”. GROSS is total before anything taken out of it. NET is the profit after all fees and shipping (edit: and ALL other costs) are taken out. (EDIT: would maybe be better to say “sales” and then “then so my actual profit is…..”
No she's right. Most everyone on youtube includes shipping and fees in their gross. Wrong. Net is what's left after ALL expenses. I worked in accounting for years. But I don't think most people pay attention until time to do their taxes so it doesn't matter.
Hey! Yes, Jackie is right. Net would include costs such as my rent, software, etc. (aka ALL my costs). Gross profit is my profit after any costs associated with the production/sale of goods (also knows as cost of goods sold). I think this article explains it well: www.masterclass.com/articles/gross-profit-vs-net-income
@@MogiBeth love watching you!!! You are such an inspiration! Just a side note though. So I read the article you linked and I am also a jewelry seller on Etsy. My net is what I make after my fees, supplies, shipping etc. not just software, rent etc. Net is what is left. Software, rent etc is considered overheard that I add a percentage of into my prices. On Poshmark that’s probably not something you want to add since you need to keep aware of comps. But net is what’s left AFTER you add your costs of goods, PM fee and shipping. Hope this helps!
Ties - woof. I’ve picked up a few brands over the year (Hilfiger, Armani, Dior and YSL). The ONLY ties that ever sell for me are the YSL ties and they usually go for $20-$25. I’m shocked Dior doesn’t move. Of course it helps if the logo is visible and not just on the back. 2023 has been rough, sales wise. My sales were steadily rising until the infamous algorithm change of 2022. I started cross-listing to Ebay and Mercari at that time and am struggling to have the sales numbers I had a year ago.
It has been a very difficult month. In fact, it has been slowly getting more difficult month after month since November of 2021. It will get better for whomever is able to survive the attrition. I list 50 a day and have cut all staff to just myself. I have reduced my storage needs and am also looking after little kids full time. It is a hard grind but it will get better. Cheers!
Take it for what it's worth - but I have similar inventory volume and don't do promoted listings :) And had great sales still... Maybe just something to cut down your cost a little!
March started out slow and it’s rocking now for me on Poshmark 🌷
I’ve found the trick to Mercari is relisting. If I don’t relist regularly the listings don’t get visibility
My sales have been slow. I haven’t been listing much but at some point I can’t keep buying and listing if it’s not selling. I feel like the live sales have had an effect on everyone’s sales especially Whatnot where they are selling stuff for $5 when it would normally sell for $50. It’s insane
I only have sold 500.00 in March so far but I think posh has been slow
I didn't have a sale for 5 days.. which always makes me freak out. I think maybe the bank drama might be part of it? I do hope it picks up soon
Hi Mogi!!! I was so excited to see the item I purchased on a ship with me video!! I love my Nordstrom dress! You have a great eye for quality! I have not sold the first item for the month of March, but I’m keeping on and not giving up!!!
Yay!! Thank you so much for your purchase!! It's a gorgeous dress 😍 yesss, you got this! 👏
I have sold on posh a really long time. The last few months I noticed I haven’t been getting my funds from sales within 72 hours if the buyer doesn’t accept. I have been having to notify posh. Please be aware of this! One sale was over 200$. Most of my sales are closer to 20$ but they still need to run me my money!
I have the best luck selling Ferragamo and Hermes patterned ties, which I do find at the thrift (GW primarily). But I also do well with vintage ties from Lanvin, Givenchy, and other similar designers. I also do okay with Vineyard Vines novelty patterned ties, so I pick them up as long as I can get them for .50 to $3. As you say, they are easy to store, quick to list, and simple to ship, and the profit can be good. I sometimes make more money on a tie than I do on a dress or jacket, depending on the tie.
Ties…my husband does not wear them, but he has amassed quite a collection of Jerry Garcia ties. They do pretty well, but I’m sure he’ll hang into them until we’re both gone and someone will snag them at our estate sale! I have a tote full of other ties he is willing to part with but I’m not motivated to list them. I did have luck with sets that included a tie and hankie that were new and colorful. I sold a Tiffany tie once, but surprisingly it took months! Hence my lack of enthusiasm about ties.
Designer ties, I look for 100% silk only ties and designer brands (Salvatore Ferragamo, Burberry, D&G etc) and interesting patterns and monograms, holiday patterns, Disney, plain or striped ties don't really move for me.
Reading the comments regarding lower sales, I am wonderful if more people are thrifting for themselves? I know I have been. I have learned a lot by watching these types of videos and picked some very nice things for myself for very little money. I made my 1st trip to the bins on Saturday (that was crazy!) and averaged paying $1 an item. Boutique brands, one Athleta item, one Banana Republic wool sweater, Nike hat, an Anthropology brand Capri jeans that didn't fit, older line went in my donate bag.
: : Mogi Beth thanks so much for sharing your experiences in your business with us. It’s great to learn from each other. I really appreciate it. : :
Love this style video! It’s helpful to see what you’re selling and for what price. Couple questions, why don’t you use priority tyvek envelopes for all Poshmark sales and how do you get Mercari labels to print on your label printer? I can’t get the orientation right. I’ve sold a few ties for $18-25. David Donahue, Salvatore Ferragamo. My sales have been very slow!! Liked your comment about Austin. That’s where I live. I remember an old video when you sourced in Austin. Unfortunately our goodwill’s have gone crazy with prices! It’s hard to make a profit. I hope things are going better for you. You deserve much happiness and success!!🥰🥰
My march sales have been terrible.... and I have been listing, what I think is good quality stuff. I have been taking super low offers, listing a lot I just got for $0.27 per item at a fill a bag event... all lower ticket items with exception of a few, but I figured if that's what is selling... go with it.
: : I thought about this as well. In my business classes our text books always referred to Gross as before anything is subtracted from your sale (such as fees, taxes, shipping, COG, expenses in order to sell the item, etc) and Net as what is left over after you’ve subtracted all of the above. Hmm interesting. : :
I’m having a very good month in the number of items being sold, but people are definitely buying lower priced items. I’m up in profit, but not by as much as I would expect based on the volume of items being sold. Not complaining, I could be down all around! Just an observation.
I have had good luck with quality novelty/specialty ties, things like colleges, holidays, car makes, trendy food/alcohol brands etc.
My March sales are doing well! I personally just started social media on Insta & FB through a professional account and I'm loving it! Thanks for sharing your sales! 😊
What are your pages? I would love to follow
Slow sales in March but I too have not listed nor shared as I should have.
I don't know how to crack the code to mercari I've been on mercari for 4 years I started reselling there, I have everything cross posted to mercari and still don't make daily sales
Same here
Sales are slow for me but I blame it on myself. I use PosherVA which is a huge timesaver. My problem is, I work a full time job and when I get home I have zero to give for Poshmark. I haven’t been listing consistently for a couple months. The sales I do get are the lower end items. I still love thrifting and reselling. I just need to find a routine that will work for me with my full time job. Thanks for all you do. Keep up the good work!
I'm new to reselling but my sales are pretty equal between platforms. Been selling for 6 months and only things from my grandfathers estate (ferbies, vintage tees, kids cloths) and have had about 10 sales per platform. My vintage collectibles do best on mercari
Do you only make sales on Friday,Saturday and Sunday?
Lol! No, but I shoot these videos every Monday! Maybe I'll switch it up one of these days. My very best sales days are often weekdays actually!
I’ve had some really super low sale prices lately. So with the shipping discount I’ve lost money. Just trying to clear out lower value items. But I’m wondering how I can even make much profit. I don’t find high value items in my area. Thrift store prices are very high and I don’t have a bins near me. Getting discouraged
Hit up some yard sales 🌷
Hey Mogi...love you and your You Tube! I have a question? Where did you get the work station behind you? I need that in my life! Keep up the good work!!
I’m not a sound tech or anything but- I think you could use a better mic for videos like this. Thank you for posting great content!! 🎊⭐️🥰
It’s funny that you tape the sides of your flat rate bubble mailers. I do that too. For one, there’s holes on the sides; and two, the seams separate pretty easily. Just curious why you do it?
I haven't been offering shipping discount on Poshmark and I'm having the same amount of sales. Poshmark fees/shipping is just a little too crazy. I'm all about eBay:)))
Ohhh that's good to know!
My sales have been horrible! I am lucky to get 1 sale on any of the multiple platforms I sell on😭
Thanks for sharing your sales! Where do you get your packing paper? I like how big it is.
Copy and pasting this answer from below! I order my tissue paper from here (www.packagingprice.com/20-x-30-white-machine-finished-4-tissue-paper.html) but I don't recommend it since shipping is so high. I usually wait to place a massive order about once a year in order to get free shipping. This one from Amazon is the same size: amzn.to/407aIHn
@@MogiBeth awesome, thank you!
What do you mean by liquidation
Here's the video I did on liquidation! ua-cam.com/video/N48TluyxhwI/v-deo.html
Oh geeze. I’m only a part time reseller, and have about 100 listings, but I’ve only had two sales all year. I don’t pretend to know what I am doing though. So maybe it could have been better?
I noticed that you were able to print your labels for Mercari. Which label printer are you using?
thanks for the video! i was wondering if that is tissue paper or packing paper you use? i checked your link below, but didn"t see it, just the kraft paper. thanks!
Hey! I order my tissue paper from here (www.packagingprice.com/20-x-30-white-machine-finished-4-tissue-paper.html) but I don't recommend it since shipping is so high. I usually wait to place a massive order about once a year in order to get free shipping. This one from Amazon may be similar: amzn.to/407aIHn
@@MogiBeth I’m using packing paper right now, but thinking tissue paper folds nicer and may be a better option. Thank you!!
Can you tell me the monthly cost for posher va after the free trial? I’m thinking about signing up 😊
I think it's $25 and it's a can't do without item. Unless you're a casual hobby seller you really can't afford not to have it. It would be like running a race with one leg.
Thanks for the info! Appreciate it.
What is the wrapping paper you use? I looked at your products linked to Amazon but it can’t be the Kraft packing paper can it? I like the paper you are wrapping all the items in. Thanks!
Copy and pasting this answer from below! I order my tissue paper from here (www.packagingprice.com/20-x-30-white-machine-finished-4-tissue-paper.html) but I don't recommend it since shipping is so high. I usually wait to place a massive order about once a year in order to get free shipping. This one from Amazon is the same size: amzn.to/407aIHn
THE TRUTH!!!!!!!!! THE ONLY WAY TO MAKE MONEY ON THESE PLATFORMS IS TO HAVE A UA-cam CHANEL WHERE YOU TALK ABOUT THE PLATFORMS. UA-camRS ARE PRIORITIZED ABOVE EVERY ONE ELSE AND THEY KNOW IT. THEY WON'T TELL YOU THIS BECAUSE THAT WON'T MAKE THEM MONEY IF YOU KNOW. IT TAKES AWAY FROM THEIR SALES.
Awful sales I have been listing every day and listing nice stuff getting stinking five dollar insults/offers on one hundred dollar items
Resellers need to stop accepting five dollars for items by the time you prep the item take photos answer questions you have wasted at least an hour of your life so stop giving it away
I'm finding that those who cross-post have fewer sales on eBay. For example. I have a friend who has less than 150 items and I have almost 400. Her prices are high and or around what I would put, her items are what I buy and sell too but she sells double the amount than myself on eBay? She does not crosspost, she only sells on eBay. I have another who has 500 items that only sell on eBay and she sells well. But all those I know who crossposts sales are much slower. Is this consistent for all of you who crosspost? She does no promotion, no instagram .
I crosslist and my sales are almost equal in EBay and Poshmark. I sell approximately $7k per month between the two
@@amylyons4529 which cross Lister do you use Vendoo
Hey. You’re mixing up the words “gross” and “net”. GROSS is total before anything taken out of it. NET is the profit after all fees and shipping (edit: and ALL other costs) are taken out. (EDIT: would maybe be better to say “sales” and then “then so my actual profit is…..”
No she's right. Most everyone on youtube includes shipping and fees in their gross. Wrong. Net is what's left after ALL expenses. I worked in accounting for years. But I don't think most people pay attention until time to do their taxes so it doesn't matter.
Jackie, Mogi Beth said her gross profit which are her sales after fees, shipping and cost of goods. I thought that was considered net. Thanks
Hey! Yes, Jackie is right. Net would include costs such as my rent, software, etc. (aka ALL my costs). Gross profit is my profit after any costs associated with the production/sale of goods (also knows as cost of goods sold). I think this article explains it well: www.masterclass.com/articles/gross-profit-vs-net-income
@@MogiBeth love watching you!!! You are such an inspiration! Just a side note though. So I read the article you linked and I am also a jewelry seller on Etsy. My net is what I make after my fees, supplies, shipping etc. not just software, rent etc. Net is what is left. Software, rent etc is considered overheard that I add a percentage of into my prices. On Poshmark that’s probably not something you want to add since you need to keep aware of comps. But net is what’s left AFTER you add your costs of goods, PM fee and shipping. Hope this helps!
Ties - woof. I’ve picked up a few brands over the year (Hilfiger, Armani, Dior and YSL). The ONLY ties that ever sell for me are the YSL ties and they usually go for $20-$25. I’m shocked Dior doesn’t move. Of course it helps if the logo is visible and not just on the back. 2023 has been rough, sales wise. My sales were steadily rising until the infamous algorithm change of 2022. I started cross-listing to Ebay and Mercari at that time and am struggling to have the sales numbers I had a year ago.