- Leah Ingram, founder of the blog Real Sophisticated Consumer, has made hundreds of dollars selling stuff she had lying around the house on Poshmark.
- Ingram has found that clothes sell best if they check off two boxes: tags on, higher-end mall brands.
- "You'll never get 100% of what you paid, but you could get 30% or 40%," she says.
Leah Ingram, founder of the blog Real Sophisticated Consumer, has made hundreds of dollars selling the clothes she had lying around the house. One of the platforms that has proven most lucrative for her is Poshmark, a social ecommerce marketplace where users can sell or buy new or used clothing.
"You'll never get 100% of what you paid, but you could get 30% or 40% of what you paid," she says. "That's money just sitting in your closet."
Here are her top tips for snagging the most for your used clothing.
Ingram has found that clothes sell best if they check off two boxes: tags on, higher-end mall brands.
Certain styles also sell better than others. "I find that business clothing tends to do well for women," she says. But even if an item doesn't meet those standards, you could still list it and see what you get.
Video by Mariam Abdallah
"I had a leather jacket that I bought at Nordstrom Rack in 2015 or 2016 that I paid $100 for," she says. "I sold it for $50 on Poshmark."
Be sure to look through your kid's clothing, too. There might be some unused pieces they were were gifted for a birthday, or less-worn clothing they grew out of. Ingram sold her daughter's old NYDJ brand jeans, which retail for more than $100, for $25.
Poshmark takes a flat commission of $2.95 for any items that sell for less than $15. For sales more than $15, you'll keep 80% while Poshmark keeps 20%.
For high-end items, you might want to look at platforms that take a smaller commissions, Byron Binkley, founder of Sella, told Grow. Sell is a service that will sell your used items for you on marketplaces like Craigslist, eBay, and Facebook.
"If you look at the higher value designer items, those often will sell equally well on a sites like eBay or Facebook Marketplace" as they do on sites like Poshmark and The RealReal, he says.
Facebook Marketplace has a fee of 5% of the sale price, with a minimum of 40 cents. (It is waiving those fees for small businesses through June 30, 2022.)
For clothing, the eBay takes 9-15% of the order, plus 30 cents.
If you aren't having luck on Poshmark or comparable sites, you can take your items to stores like Plato's Closet.
"For run-of-the-mill clothing, like an Ann Taylor blouse, or if someone is trying to clean out their closet and has 20 items, typically, a local consignment shop is a good option," Binkley says. "They are going to take a huge cut of the profit, but it is what it is. For the blend of convenience and making some money off your stuff instead of giving it to Goodwill, it can make sense to do that."
Plato's Closet will sell items for 60% to 70% of the original retail price and give sellers one-third of that. Online consignment shop ThredUp takes between 20% and 97%, depending on how much the item sells for.
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