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Thu Feb 16 2017 13:00:57

Where Is eBay's Poshmark?

By: Ina Steiner
Sponsored Link
eBay recognized the importance of mobile shopping early on, but that hasn't stopped other mobile commerce platforms from springing up and finding success.

The Wall Street Journal ran an interesting piece today, "Young Consumers Tap Online Market for Recycled Apparel" (note that a paid subscription is required to view WSJ content). The newspaper talked to several teens about how they're able to fund their clothing purchases by buying and selling through Goodwill and online on sites like Poshmark - a mobile platform we've previously profiled, such as this 2012 article.

Poshmark not only makes it very simple for people to sell using their mobile phone to snap photos and list - but it also allows users to flaunt their style and satisfy their creativity.

In speaking about a Las Vegas teenager who turned to online buying and selling to subsidize her clothing fund at age 13 - and now makes a profit at it 5 years later - the Wall Street Journal said:

"Ms. Quipotla's account history shows that she has shipped more than 300 items through Poshmark, an app for reselling clothes, since 2013 and collected nearly $4,000."

That's an average selling price of only $13 - presumably that's after Poshmark took its fees. But the Journal cited some figures that should have eBay sitting up and paying attention:

"The U.S. volume of apparel and other items sold on Vinted, ThredUP and other such reselling services has more than doubled since 2013 and the market is now slightly more than $2 billion, estimates PrivCo, which analyzed data from 15 reselling sites."

eBay used to have a dedicated mobile app for fashion that it closed and folded in to its one main app in 2015.

As buyers and sellers on eBay, let us know what you think of eBay as a selling platform for clothing and accessories - and about its mobile initiatives. 

Should eBay develop or acquire platforms such as Poshmark?



Comments (15) | Permalink
Readers Comments

Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: mcposty This user has validated their user name.
       
Thu Feb 16 15:58:05 2017
Poshmark has outrageous fees well above standard and you don't get money until buyer receives item and says it's ok.

As for ebay, they are simply put just to stupid to run a successful business let alone branch out
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
This user has validated their user name. by: iheartjacksparrow
       
Thu Feb 16 16:52:00 2017
I'm sure that eBay will see the figure "$2 billion" and start salivating. But the truth is they ruin everything they touch.  
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: aim04744 This user has validated their user name.
       
Thu Feb 16 20:05:54 2017
I have heard that the fees that they charge covers any shipping for the seller? If that is the case the shipper doesn't pay additional for shipping, making the fees a bit easier to stomach

Ebay doesnt have the foresight to run a platform like that. They had 1 good idea 15 years ago and have struggled to adapt ever since.  
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
This user has validated their user name. by: Rexford
       
Thu Feb 16 21:08:14 2017
Why does eBay have to be everyone else?  eBay lost its soul (its successful soul) by trying to be everyone else.  eBay has an identity crisis already without publications like Wall Street Journal planting additional seeds in managements' minds.
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: pace306 This user has validated their user name.
       
Fri Feb 17 09:11:19 2017
1) as stated above - eBay doesnt have the brain power to run something like that and

2) eBay cant get its own site to work so ........
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: Tiffee Jasso This user has validated their user name.
       
Fri Feb 17 10:12:31 2017
I think Ebay ought to stick with the original plan that it started with. To begin with, many of the expensive name brands that sell on Poshmark, will get the boot on Ebay.  
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: JewelryDoll This user has validated their user name.
       Web Site
Fri Feb 17 10:56:22 2017
eBay is old news.
Ina, please do more articles about sites like Poshmark, LetItGo, Instagram and the Shopify platform.
Niche sites are where the business went. I rarely read your articles anymore because business has shifted and I want to know about what is coming not what is a "has been". Regarding Poshmark, I have two websites, but I also sell on Poshmark as a fun thing to do with my college student daughter. It is a well thought out platform and the Poshers are very enthusiastic. You should check it out. Ebay could not create this and no one would care. Poshmark already cornered the market. If you sell clothing and fashion and think that the fees are too high, you need to look at the site with new eyes. Educate yourself. It's brilliant.  
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: eXtinctBay This user has validated their user name.
       
Fri Feb 17 11:08:00 2017
With the eBay ''30 day rental'' program (and rumored to be soon 90 days), the site is simply not a destination for sellers to offer high fashion clothing.

Does Poshmark allow returns for clothes that are stained and / or reeking of perfume when they are worn to a party, claimed to be not as described, and then sent back??
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: Chicago48 This user has validated their user name.
       
Fri Feb 17 16:41:36 2017
I was on the train yestrday and ironically, sitting next to a woman who had her smart phone on Poshmark.  She was shopping.
Poshmark doesn't appeal to me.  You need a mobile phone to use their site, you cannot use a desktop.  And the competitive prices are very competitive.  I doubt those teenagers make any "big" money.  Because they are reselling their used clothing.
For example, they buy a shirt for $20, wear it a few times and resell it for $10.  They don't make money, they lose money.  But it is a way for them to recycle through and pay for clothing.
I sell on Tradesy and am doing well - it all depends on the brand IMO.  There are some brands that will sell in a minute and others that sit around for months.  But Tradesy is a satisfactory site for me.
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: Chicago48 This user has validated their user name.
       
Fri Feb 17 16:45:25 2017
Does Poshmark allow returns for clothes that are stained and / or reeking of perfume when they are worn to a party, claimed to be not as described, and then sent back??
^^
IMO there is probably a high return when buying/selling on Poshmark.  These are novice sellers, most of them anyway, and they don't describe their items well.  You're right, what if you have stains and you sell it and the buyer returns it?
You should check out the complaint sites:
https://www.pissedconsumer.com/poshmark/RT-F.html
https:/
/www.sitejabber.com/reviews/www.poshmark.com
and
BBB and Yelp.com
There are a few young sites that get a lot of bad reviews.

BTW, I started arbitraging at Zara (the store) and they have the worst cashiers and customer service, but women flock to that store and buy buy buy.
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: Chicago48 This user has validated their user name.
       
Fri Feb 17 17:04:39 2017
Here's another article about Poshmark, it aint what it seems to be:
http://www.businessinsider.com/disturbing-experience-on-poshmar
k-2015-5
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: mcposty This user has validated their user name.
       
Fri Feb 17 22:33:43 2017
Really and truly you take a risk with all these middle men sites. You play by their ignorant rules where they have nothing to lose and you have everything to lose.

It's sickening how these places are ran.
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: I Must be Crazy This user has validated their user name.
       
Sat Feb 18 17:08:29 2017
Ebay missed that opportunity too. Their single minded, incapable management team was too busy beating up their sellers to have the time to innovate and stay current. They deserve to be left behind.
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: Trying-My-Best This user has validated their user name.
       
Mon Feb 20 00:01:23 2017
Ebay bought Twice, I wonder how that's going for them.  I don't think very well.  It's not on the radar.  eBay tried to go hip & failed plus their Collections (Pinterest model) is embarrassing.  

One unique selling proposition is Poshmark  has the buyer pay postage & at $6.45 for up to 5lbs.  To give an idea, on eBay postage for a 1.2 lb sweater, shipped from FL  to California (eBay only shows my listings based furthest distance) costs $10+.  Same sweater on Poshmark costs $6.45 plus buyer can bundle more from the seller listing and only pay $6.45.  Now how Poshmark negotiated that rate with USPS and eBay can't is so beyond reason, it is just painfully sad.  

eBay deserves to have lost this market.  And it's too late for them to recapture it.  A lot of 25+ year olds watched their moms and dads suffer under Donahoe and now Wenig and they have 0 interest buying or selling on eBay.  



 
Where Is eBay's Poshmark?   Where Is eBay's Poshmark?
by: Trying-My-Best This user has validated their user name.
       
Mon Feb 20 00:25:27 2017
Chicago, with respect, I'm not sure you have your facts straight.  

Poshmark has a mobile app and has a great desktop site that is searchable ...and listings show on Google search.

Poshmark does have negative reports but NOTHING compared to eBay.  

Yes a lot of their buyers (most are not teens by the way) selling used clothing for $10 to $14 and after Poshmark $2.95 fee ($14 and under) they are making $7 to $10. It's better than getting $0 donating to Goodwill.  These ''teens'' can try to sell on eBay paying 12.9% in EB/PP fees which is just under $2.95 and never sell the item as eBay hides listings.  Value of fees on PM: 1 minute listings, instant search ability, visibility on Google, 30 second printed label.    
Fee value on eBay - much longer to list, mandated UPC codes for NWT, hidden listings, sales limits, and minutes to print a label.

Poshmark most likely has same return rates as eBay and other online sites.  Mainly because neither sites has sellers who list measurements & even few that show measurements in photos.  So returns are gonna happen unless you take time to reduce return risks.  


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