When it comes to online consignment shops, there are so many options these days. Depop, Poshmark, ThredUp, all the Instagram shops and Facebook market place. The options are endless. But when it comes to selling with easy aka putting in the least amount of effort possible, there are two I turn to time and time again. So today’s post is another in the VS category: Poshmark VS ThredUp. Let’s dive in!
Poshmark Vs Thred Up
What is Poshmark?
Poshmark is an online consignment and boutique that makes getting items out of your closet and onto their next life super easy. Anyone can use it. However, it’s only available in the United States.
What is ThredUp?
ThredUp is an only consignment that allows you to either self post your items or ship them in to be sorted & sold by their team. Additionally, ThredUp is only available in the United States & Canada.
Which is easier to use?
They are both incredibly easy platforms to work. But if you’re looking for the least amount of effort possible, Thred Up is your gal. They pretty much take care of everything you just have to ship it to them.
Which one allows you to make more money?
Poshmark. You are always in control of the price with Poshmark. Does that mean it will sell quickly or at the rate you want it to sell? No. But you’re always going to make more. Plus, unless you choose to offer free shipping, the buyer always pays for it.
Super easy to use.
You can list multiple items.
You keep 80% of the profit.
It takes less than 10 minutes to list an item. I say 10 because I always take the photo, measure, and list all at the same time. If you don’t add the details, someone will inevitably ask so it’s best to do it upfront.
No hidden fees and it’s easy to get your cash. Once an item has sold, you’ll be provided with a shipping label. All you have to do is box it up and mail it out. USPS does package pick up for free on days that there’s already mail running. So as long as you go online to set it up, as well as order your free boxes, you can send off your goods at little cost & with little effort.
Once the buyer has received and accepted the item, the funds are released to your account. From there, you can opt to do direct deposit, get a check, or use your money to shop within Poshmark. One of my least favorite things about selling on Ebay is the delayed fees that are happen each month. With Poshmark, what you see is what you get.
Requires minimal effort. Like if you can’t be bothered to donate your clothes but you also want to see if you can make some $$, this is your solution.
It requires time and there’s a bit of a learning curve. To really maximize sales with Poshmark, you need to be sharing your items throughout the day. It doesn’t require much to do this but it does mean you have to keep an eye on your store daily. Additionally. it’s rare that your item will go for the initial listing price so always list a little higher. Buyers will like your item essentially saying, yes I want this but can I get a deal. From there, you can offer discounted prices to those who have shown interest.
You’re also responsible for handling any questions a buyer might have. Things like the length of a skirt or extra photos are common. Again, it’s a bit of basic customer service. And once you post the answer, others can see it. It’s just extra maintenance when you’re comparing Poshmark Vs ThredUp.
You don’t always make money. When you send in your bag of clothes, they are sorted and listed with what the ThredUp team things will selling. Typically, it’s around 50% of the items sent in. From there, you have to wait for them to actually sell or you can request to have an item returned.
If your items do sell, your funds are released AFTER an extended return period. And to request your funds, you have the option to use either Stripe or Paypal. However, both require a transfer fee.
WHICH ONE IS BETTER? POSHMARK OR THRED UP?
If you’re looking for a quick turn around with cash, I would say Poshmark. Some brands and items sell quickly and this is a great way to really maximize on a capsule wardrobe if you’re looking to invest back into your closet. But if you really just need a good cleanse and don’t have the mental energy to photograph or deal with it, ThredUp is a minimal effort option.
I spent a good few months last year when money was super tight listing things on all the platforms. And while Poshmark is still my favorite, I also think it heavily depends on the brands you’re looking to sell. If you’re someone with mid range items, such as Jcrew, Madewell, Banana Republic etc, you’ll do well. But it’s harder to sell the lower end items because customers still have to pay the $7.11 shipping on top of your price.
There’s also the fact that you can’t sell internationally. I know this doesn’t really pose a problem for the average seller. However, if you’re someone with a wide following or looking to market where people may not have access to what you’re selling, you might be better off with a different platform.
Overall, I’ve been quite happy with selling on both Poshmark & ThredUp. I do still have a few items that will leave my closet probably come spring as I suspect they will no longer fit. Additionally, I’ll be doing a capsule weight loss wardrobe on the blog soon if you’re looking to navigate pieces to invest in while your body is in transition. So make sure you’re signed up for the newsletter so you don’t miss that post when it goes live. And if you have any questions or tips for selling with Poshmark or Thred Up, be sure to leave them in the comments below! Until next time. Xoxo, Savvy
Photos by Taylor Gay
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