*insert Drake voice* I went from $0 to $4000 real quick, Selling on Poshmark
Well, 10 months so not real f***in quick. Sorry I couldn’t help myself. I just wanted to share my first venture into Side Hustling. I started selling on a beautiful community called Poshmark. My boyfriend is a long time reseller but I never saw the true benefits. I started reselling on Poshmark to solve a crisis. That crisis made me start reselling was my student loan repayments starting. I wasn’t ready. I wasn’t ready at all. My initial student loan payments on my private and public student loans were over $700. When a $700 payment comes at you out of nowhere you try everything.
How I got started with Poshmark
First I started an account on Poshmark. I didn’t start selling anything until a month after I started my account. The first month, I read and read and read everything Poshmark related that I could find. Evenings were times to watch youtube videos. Finally, I researched how to take my pictures, how to gain a following and spent the first month building up my closet.
Once I had researched myself to death, I started my selling. I started with my old clothes. Losing 55lbs leaves you with a lot of clothes to resell. I started from my own closet and made about 500 in the first month. That was all the motivation I needed. Once my personal closet was almost empty, I started thrifting and doing a little retail arbitrage. Just as a note, once you start buying to sell, you’ve moved into a taxable territory and you should meet with a CPA or find a course. This part still confuses me.
I’m approaching a year of reselling and I’ve made about 4300 total between Poshmark (main source), Mercari and Relovv. It’s not the easiest side hustle, you have to find inventory, clean inventory, measure inventory, photograph inventory, store inventory, list inventory and pack inventory when you finally sell it. It is a fun side hustle though. I loved shopping and used to spend each weekend at the mall but I’ve traded the mall for the thrift store and traded spending money shopping for making money shopping.
That’s my journey into reselling. Click here if If you want to join me in reselling on Poshmark, use my invite code TWEETYSFITS for $5 off your first purchase!
My detailed reseller kit post is here!