Consigning online and loving it!

A while back I watched a documentary on Fast Fashion. I have always been passionate about fashion. I enjoy putting together outfits all the way down to the perfect accessories, but I’m also one who believes in fair trade, fair wages and protecting our environment.  I decided a while back that I was going to shop mostly second hand stores whenever I can. I quickly discovered that I could easily create an entirely new wardrobe this way, buy more designer and/or brand names without breaking my bank account. I even got my teen-aged daughter onboard.

I started looking into on-line resellers partly out of curiosity and partly because I wanted to start my own consignment business but didn’t know where to start. I tried out eBay and Poshmark and got hooked on Poshmark. I loved it so much that I opened my own shop( “closet” ) called Fab_U.  

listings from @fab_u Poshmark closet A few listings from my @fab_u Poshmark Closet

Right now Poshmark only does business in the US. The great thing about Poshmark is they make everything easy. You don’t have to create your own website with a shopping cart because it is all automatically done through your user name. All you have to do is choose a name, find a profile picture and banner you like, upload them and you are ready to go. After that, you just need a camera of some kind(because you are going to have to take pictures of your inventory), some nice items to sell(check your closet, I’m sure you have some things) and voila! You are in business.

Poshmark also makes shipping a no brainer. They provide the label, you print it and tape it onto whatever container you are shipping the sold items in. The buyer normally pays for the shipping.

image of fab_u postmark closet listings Fab_u closet listings

I have to say I have been having so much fun! I started hitting thrift and consignment shops looking for great buys to list on my Fab_u closet. I feel like I’m getting paid to go shopping. Something I always dreamed of doing.

I won’t lie though, this is work. You have to create a listing for each item you are selling. That requires doing some research to see what you might want to sell it for, what title you should give it and then come up with a description, additionally you have to take several pictures of the item you are selling. You can imagine this takes a lot of time and truthfully I haven’t a clue what my earning potential might be. I do know that more time I put into it and the more items(sought after) I add to my Fab_u closet, the more consistent my sales are.

Right now my house is a disaster because I’m still pretty new at this and haven’t gotten things organized the way I would like. I’m still working 2 part-time jobs but have given my notice to one of them. Once I’m done with that job, I will have more time to dedicate to my Poshmark business. I also started tracking all my purchases and sales on a spreadsheet so I know exactly how much I paid for the item, how much I sold it for and what my profit is. That is really important to do early on because once you have a lot of inventory, it will be hard to take the time to list everything you have on your spreadsheet, also there is a strong likelihood you won’t remember what you paid for the item and if you don’t hold onto receipts, you’re out of luck.

So, if you have the time, please check out my Poshmark Closet at Poshmark.com/closet/fab_u. If you are new to Poshmark, use the code “fab_u” and you will get a $5 discount.

 

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