With the recent entrepreneur programs,many want to set up their own business. Being a seller through apps like meesho, ebay and poshmark is a great way to get started. But the catch is that you’d never know where to start and what platforms to use.
As a new reseller, you may find it challenging to decide on a platform to sell your products on. If you make a terrible decision, you’ll be homeless within a month without a job.
The truth is that each site has its own set of pros and cons, and some sellers make big bucks on everything.
It all depends on personal preference and the goods you choose to source.However, if you’re ready to get started selling, here’s the short version:
Selling on eBay or Poshmark?
eBay is an excellent selling site for most individuals, but your choice of platform is heavily influenced by the sorts of things you sell. Selling on eBay has a slew of benefits:
In comparison, their user base is substantially greater (167 million vs. 50 million)
Compared to Poshmark’s 20%, Fees (about 13%) are lower.
You can offer a broader range of items for sale (Poshmark is limited to clothing and home goods)
Because you don’t have to “share” your listings, selling on eBay is more passive.
eBay is the obvious hero if you merely wish to sell on one platform. Nevertheless, there are various reasons why you (and many others) could pick Poshmark as their primary (or exclusive) platform of sale. Let’s take a closer look at them:
Amount of Visitors:
eBay wins hands down whenever it relates to the raw number of people who potentially see your ad. But it’s not a landslide. Their user base has reached as many as 180 million people, and some of the most sought-after products we’ve featured have had hundreds of thousands of views each day.
You might not be able to attract the attention of all those new visitors to eBay because of the vast number of categories and listings. Because Poshmark has 50 million people who only want to buy clothes, you’re likely to get more views on Poshmark than eBay. Remember, your Forever 21 outfit won’t sell to the 10 million grandpas browsing eBay for Dvd players and cuckoo bells.
5 of the 50 million Poshmark users are sellers, while eBay’s proportion is closer to 15 percent of the total users (25 of the 167 million). Poshmark may be a better option for those who want to sell apparel since it has fewer listings than eBay (which has a lot more).
The number of users is essentially a wash. On the other hand, eBay may be a better match, depending on what you’re selling.
Poshmark vs. eBay: eBay comes out on top, but just slightly.
Fees
The selling platform provides servers, advertising, infrastructure, and websites/apps. It’s a fact that this is going to be expensive. Even if you sell on a platform that doesn’t charge fees, people will still be unhappy.
How much of your money do you think they’ll seize from you?
eBay
To sell anything on eBay, you have to pay a fee to post it there. In general, it ranges in price from $0.05 to $0.30. (depending on your store). This may quickly mount up if you are offering many products, particularly if you have to relist your item every 30 days.
You pay roughly 10% of the sale price of an eBay item (it varies slightly by category and whether you have a store). Additionally, you must pay PayPal at 2.9 percent + $.30 for every transaction in addition to the eBay costs.
One significant downside of eBay fees is that they are just charged to your account rather than deducted from your revenue with other payment methods. As a result, you will be charged at the end of each month for the accrued costs up to that point. We’ve been hit with $1,500 in bills at the end of the month, making it easy to let fees spiral out of hand.
If you add PayPal’s costs, the total eBay fees are roughly 13%.
Poshmark
Poshmark, in contrast to eBay, does not charge a listing fee upfront; instead, you are only charged when an item sells.
However, if your thing sells, then you’ll understand the true meaning of misery.
Unless your item sells for more than $15, Poshmark will take charge of $2.95 from your sale. Moreover, $15 in sales means that Poshmark charges you 20 percent.
Even though Poshmark receives 20% of the transaction, you are never billed. You are entitled to all of the money that comes into your account. Poshmark offers a free pre-paid label as an added incentive for this cost.
Shipping costs us between $2-3,000 a month, so the additional expenses you pay the balance out in the long run.
Total fees for Poshmark: 20% (with free shipping, of course).
Fees on eBay vs. Amazon: a tie
Shipping
Poshmark vs. eBay for shipping
It’s easy to figure out how to ship on either platform. eBay purchases may be sent from the comfort of your own home, but you’ll need to buy a mailing label from USPS, UPS, or FedEx using eBay or PayPal’s shipping sites.
It’s a lot easier to ship on Poshmark since the company provides a pre-paid label to send your items. You may retrieve the shipping label as soon as the customer pays, print it, and attach it to your shipment since you selected an estimated weight when shipping.
Regardless of whose platform you choose to ship from, the process is easier and more cost-effective if you purchase a label printer.
Poshmark vs. eBay shipping winner: Poshmark
Types of Products
Poshmark fails miserably compared to eBay when it comes to offering a wide range of products for sale.
First, we’ll look at a few cases.
To get the best price, can my iPhone be sold on eBay. Yes. Is it possible for me to sell it on Poshmark? No.
Can I sell sports equipment on eBay? Yes. Is it possible for me to sell it on Poshmark? No.
Is it possible to find antiques on eBay? Yes. Is it possible for me to sell them on Poshmark? Perhaps if you pass them off as house décor…
Sell clothing on eBay? Yes. Am I permitted to sell apparel on Poshmark? Yes, without a doubt!
Put another way, Poshmark is a place where you can list and sell your apparel, shoes, and accessories (thus the term “closet”). In recent times, they’ve added the ability to trade in certain chosen household products, but it’s still just a clothes swap app at its core.
Is it a terrible thing? It all depends. If you’re looking to make money, hard goods are a great place to start. Poshmark is an excellent option if you wish to sell clothing and shoes. However, if you merely look at apparel when you shop at secondhand shops, you’re wasting money.
If you opt to utilize Poshmark, you’ll need an eBay or Mercari account to sell things that don’t fit within Poshmark’s scope of offerings.
Poshmark vs. eBay: Which is better? eBay is the clear winner in this category.
Ease of implementation
Simplicity is a marketing strategy used by almost every e-commerce business. To increase their number of vendors, they realize that making it as simple as possible to list a product would help (especially the more full-time sellers who want to list dozens of items per day).
Selling an item is super easy. All you have to do is take a few photos (on your phone is easiest), write a short description, select a category, and tap a button list on either site.
Poshmark, on the other hand, has an extra step that may either make or break the site.
The “followers” you get on Poshmark are similar to those on social networking. People interested in the kinds of clothes you write about are more likely to “follow” your closet, which means that your posts will appear in their main feed. The problem with this strategy is that you need to regularly share your products and other people’s in the hope that they would reciprocate the favor.
Selling on Poshmark now seems more like a social networking experience than an actual company, thanks to the inclusion of this extra step. While I find this the least appealing aspect of Poshmark, others like it! It’s entirely up to you to find out what works best for you.
When it comes to ease of use, eBay wins out over Poshmark.
Paying the Bills
eBay vs. posh: how to get paid
It would be best to get your resale proceeds as quickly as possible. That way, you may use the money to pay your bills, purchase additional products, or (in my case) stock up on desserts and corndogs.
eBay makes it a lot simpler to be paid if you plan on selling for any length of time or volume (although this may change with their new managed payments system).
Until the buyer gets and accepts the item, Poshmark holds your money. Your money will be delivered to your Poshmark account as soon as they receive it. It might take up to a week for you to be paid since they have up to three days to register it as accepted once it is sent to them.
Sellers with an excellent track record and who sell many products find this procedure annoying, even if it protects customers from being duped.
If you are a newbie seller on eBay, PayPal will initially hold onto your cash. Poshmark does the same thing for the same reason. The option for Funds Now, which indicates that the money will be accessible as soon as someone pays, is available if you have excellent performance (you provide the products you promise).
Additionally, eBay will typically not keep payments if someone files a refund, initiates a lawsuit, etc. When it comes to long-term sellers, eBay is a better option.
Poshmark vs. eBay Money Winner: Poshmark
Quick recap:
If you’re looking to earn a lot of cash, both platforms are excellent possibilities. Users sell almost 90% of our things on eBay, owing to the many non-clothing items they offer. Poshmark may be an option if you ever decide to focus just on clothes since clothing goods there may typically sell for a little more (if they’re fashionable).
So, that’s it for now:
If you sell many non-clothing things, don’t want your selling platform to seem like social media, and require a lot of exposure to sell your hard-to-find items or collectibles, eBay is the place to be.
Selling shoes, apparel, and accessories on Poshmark is a great way to make money if you don’t want to deal with a massive charge bill at the end of the month.
Is it a good idea to exclusively sell on one platform?
While the issue of eBay vs. Poshmark is valid, it may not be the ideal one to ask. Reselling on many platforms is arguably the best way to optimize your revenues as a reseller.
Selling on many platforms allows you to reach a wider audience of potential customers.
Cross-posting software like ListPerfectly has made it easier than ever to list products on various websites. In exchange for the fact that you must keep track of all your goods, this will nearly always lead to an increase in sales.
If you have a significant volume of business and don’t require the extra sales or stress of listing items on many platforms, I don’t advocate selling on several platforms.
However, if you were in that position, it’s unlikely that you’d be looking at this page.
There isn’t a clear-cut winner between eBay and Poshmark, but rather a matter of finding a strategy that works for you.
Whichever method you use, you’ll be primarily dependent on the quality of your products and how hard you work. We hope you have successful sales! That’s all I can say for now, but I wish you all the best.