Poshmark has changed over the years. There are more features. There are different ways to adjust pricing. Oh, and there are definitely more closets to shop. Infinitely more.
But the app isn’t the only thing that’s changed.
Since I’ve started selling, I’ve shifted my stance on low ball offers on Poshmark and other resale platforms.
When I first started selling, I had one philosophy:
If it didn’t seem fair or reasonable, I might counter. But more often than not, I’d simply decline. It was a good strategy then. In fact, I made a few thousand dollars re-selling items on Poshmark and other platforms.
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For this stage in my journey, though, I’m rethinking those low ball offers for two big reasons. While my seller stats aren’t quite as impressive, I’m actually making more money now that I ever did back that.
And my closets are a lot less cluttered. Finally.
The Typical Low Ball Offer Reaction
Low ball offers come in for all kinds of reasons. Sometimes people don’t or can’t appreciate what you’re selling. Other times, they’re offering all they have. Now, though, many people try to comb through these resale sites looking for bargain basement prices in order to flip the items in their own closets or stores.
Like many sellers, I used to take low ball offers on Poshmark personally. They were OFFENSIVE.
I never went so far as to create a shouty angry chart that some other sellers post. Essentially, it declares what’s too low and threatens to ignore you.
But I’d be lying if I didn’t say that I found comfort in the fact that other people took a firm stance on these kinds of offers.
So it makes sense if you have any of these reactions when a low ball offer comes in:
- Um. No. Do you know what this cost?
- What? That means I’m going to earn like $5.
- You think I don’t notice your closet is full of re-Posh items?
There’s also a lot of negotiating going on. Though Poshmark offers are private, many times sellers and prospective buyers will actually post a public exchange in the comments. They’ll banter back and forth about what they lowest they can actually go is and why. Sometimes, they’ll try to sweeten the pot with reduced shipping or free gifts with purchases.
And I get it. You want your money. You want to make the sale. But I think there might be a better way.
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Changing Strategies to Dodge Low Ball Offers
Meeting in the middle is a fantastic strategy for both buyers and sellers, even if the buyer starts really low. Recently, I’m much more inclined to give that a go or even accept a low ball offer. Why? My perspective on Poshmark has changed along with the app.
As someone who has only ever been a Poshmark seller, it’s so easy to lose sight of the purpose of the app. But you have to think about it from a buyer’s perspective.
If I want to buy a designer bag for 25%-50% off, I can either wait for a department store to have a sale or visit an outlet mall. I know outlet goods are often times different than full price designer items, but the fact of the matter is that more and more designers are starting to price their items more competitively.
Plus, designer items are more widely available at discount stores in malls and online. Stores like Nordstrom Rack, Marshall’s, and even Steinmart are flooded with Michael Kors and similar labels. That never used to be the case.
So if people want slightly discounted goods, they have more options than they ever have. And they don’t have to take the word of a stranger. Instead, they can go to a store to scoop up a new item that comes with a receipt and a return policy.
On Poshmark, the manufacturer’s suggested price should not be your anchor. What you paid last month, last season, or last year should not be your anchor. 25% off what you paid seems like a screaming deal to you since you’re the one who paid full price.
But from a buyer’s perspective, it isn’t.
If you want a real anchor, consider what other sellers have their items listed for. Check sites like ThredUp (they’re pretty terrible!) or Tradesy (they’re great!). You don’t have to set garage sale prices, but it’s essential to remember that most items* depreciate quickly, no matter how fashionable they were or even still are.
It’s harsh, but there’s a reality you have to accept. You don’t have to put tens of thousands of miles on a car for it to lose its value. You just have to drive it off the lot.
Ditto those jeans you bought.
*Don’t come at me with that Chanel/Birkin bag appreciation scenario. I know. And I swoon with you.
Measuring Time Spent and Purpose
What do I do with low ball offers on Poshmark now? Sometimes I’ll counter and sometimes I accept. Truthfully, though, I haven’t received more than a handful of low ball offers since I adjusted my pricing strategy.
I haven’t received many offers at all.
Mostly, people just buy what I sell at my asking price.
This might actually be a sign that I’ve priced the items too low. Maybe I took the above advice a little too seriously.
But I like to think it’s the sign of something greater: I realized my purpose with Posh. When I started reselling my items, I got lost in the Internet glamour of flipping and selling and reselling. I devoured blogs that were dedicated to people making side hustles and full-time jobs out of online sales.
Now, though, I keep two things in mind: my hourly rate for ghostwriting and other side gigs is much higher than spending an hour going back and forth over $5, $10, or $15. Because Poshmark and other online selling is only passive income until it isn’t.
If you have to spend more than a few minutes creating your listing and then doing some occasional sharing, there is nothing passive about what you’re doing. And some of us–myself included–end up doing a whole lot of work for $3 an hour. Or $10 if we’re lucky.
Dealing with low ball offers–not just the work on the app itself but the mental frustration that comes with it–simply isn’t worth my time.
More importantly, though, I realize that I sometimes let these selling platforms stand in the way of my actual purpose: decluttering my house and downsizing my closet. Low ball offers on Poshmark are offensive especially if you aren’t really ready to part with the item.
Or in my case items.
Hundreds of items.
Instead of focusing on my purpose for reselling, I let myself hide behind low ball offers. Even when I could sense I would likely lose a sale, I would counter. Or I would simply walk away.
I could still tell myself that I was trying to declutter. It’s not my fault that people were uncooperative and rude. I can’t be blamed if people can’t appreciate the fact that when I say new-in-box I actually mean it.
But now I’m more ready to empty my closets. I’m done worrying about sunk costs. I’ve made peace with the fact that I’ve wasted thousands of dollars on impulse buys. I’m onto a new money chapter.
And to get there? Well, I’ve still got some stuff to ditch.
Final Thoughts on What to Do with Low Ball Poshmark Offers
I’m still listing items. I’m still celebrating sales. I still firmly believe that Poshmark and other reselling apps are viable choices when you’re looking to keep things on the green side when you declutter.
But low ball offers? They don’t bother me much. Not only because I’m trying to learn how to think more like a seller, but because I finally found a pricing strategy that means I don’t get many low ball offers.
And now I’ve got time to do other things.
So Tell Me…Have you ever realized that you had the wrong strategy to let things go? How did you change?