Being a fashionista means owning lots of clothes, shoes and accessories. It also means staying on trend and refreshing your closet often. So, to avoid holding on to way too much, I’ve always taken my items to consignment. I’ll talk about that first. There are consignment stores that take your items, look through them and select the most current items with the right labels, they put them in the store for sale and once the items sell, you are given either credit towards products in the store or you can get a check. I take my items to Turnstyle Consignment. Then there are consignment stores where you bring your items, they look through them, keeping what they choose and giving you cash on the spot. Examples of these are Platos Closet or Clothes Mentor. I used to take items to Platos Closet when I lived in Nebraska, but it seemed they only wanted more youthful brands which I obviously didn’t have. I’m typically disappointed in consignment because they might take 1/3 of my clothes and I only make $3 – $5 per item because they keep 40% of what it sells for. I do like consignment because it’s pretty easy. It’s not difficult to clean my closet in one fell swoop and take items still on hangers to Turnstyle. They look through it and 20 minutes later I’m on my way. The worst part is that I have to bring some items back home because they don’t accept it all.
Then there’s Poshmark, which I’ve had much more luck with. Poshmark is an app. I’ve been using it for a couple years. It’s a little more work for the user, but I feel like the money is way better. It requires you to take photos of your items, write a description, price it and enter all of that information into the app. I find that I sell more when I am more interactive, taking part in various “posh parties” and sharing and following others on the platform. But once the item is on the app, it’s so easy. If an item sells, Poshmark keeps a % because they pay for shipping. They email you a mailing label and you simply put the item into a box and ship it. It’s so easy. The funds get deposited into an account you set up in the app and when you want a check or to have it directly deposited into your bank account, just hit a button. Easy. I find that I can charge higher prices for items on Poshmark and make more money because they keep less. Here’s a link to follow my Poshmark page.
What do you prefer, consignment or Poshmark? Or do you like something else?