A Guide to Reselling Like a Boss – Part 2

The Details/How to become a Reseller

Be Organized: Start an inventory system early on. You want to be able to find your items when they sell as well as keeping items organized by sizes/style/colors, whatever works for you. Track your inventory/sales/COGS/expenses with an Excel sheet.

Build Your Brand: What is your style? What color schemes do you gravitate to? What brand names are catchy? One thing to remember when sourcing: it might not be your style but it’s someone’s style. Pay attention to what buyers want. See what products have tons of likes and look for those while sourcing (we’ll talk Sourcing next!)

Listing Title: Your listing title is so important. Use this valuable space to include the brand name and item name if possible. If someone is specifically searching for Sam Edelman Rodney Snakeskin d’Orsay Flats, make sure you are being descriptive enough for them to find the item.

Take a lot of photos: What do you look for as a buyer? Visually pleasing, detailed, GOOD LIGHTING. When listing shoes, take a picture of the soles. It shows the actual wear. When listing clothing, I take close-ups of design details. I also make sure to take up-close pictures of any flaws. You always want to be transparent about a flaw or imperfection. You can still sell it, just be honest.

Use a bright, neutral background: Find a good, clean, neutral wall in your house – white if possible. Natural sunlight is best but if you don’t have the best lighting, invest in a cheap lighting kit. The new iPhone 11 has amazing Night Mode settings and shadow editing to make your pics more crisp.

Spend time on your descriptions: All resellers are different. Some do not list measurements. Personally, I’ve found that when I don’t, sure enough, someone asks for them. For any tops, I measure pit to pit (bust) and length (top of shoulder to bottom of hem). For jeans/pants I measure inseam/rise/length/waist. To save time, jot down the measurements as you’re photographing.

Do your research: To me, this is the fun part. Poshmark is the best resource for figuring out pricing. Google is your BFF and if it’s on Posh, it will show up in your search.

On the Posh app, go to Shop, in Search Listings, type in your item and be as descriptive as possible. All of the currently listed similar items will pop up. There is a Filter/Sort/Category tab at the top. If you are looking for comps (comparisons) to help with pricing your item, click Filters/Availability/Sold Items. This will show you all of the items like yours that have been sold and what amount they sold for. VERY helpful when pricing an item you’re unsure about. There are also other Apps to help with comp pricing. Sell-hound is great as well.

When setting your pricing, you want to consider wiggle room to negotiate. You should also price according to the condition it’s in. Depending on what you’re willing to give up, plan on pricing it 15%-30% above what you’d like to make from the sale. My personal goal is to always make a minimum of 3x what I paid for it.

Another consideration is Poshmark’s cut: All sales UNDER $15 = $2.95, all sales OVER $15 = 20% commission.

Watch for promotion notifications: Poshmark sends promotion notifications ie. Closet Clearouts. Meaning, if you drop your price by at least 10% they would notify all your “Likers” on that item and offer them free shipping if they ordered within a certain time frame. Poshmark also has “Parties” ie. Best in Dresses: based on the criteria, share all of your listings pertaining to that party and the algorithms kick your listings out to tons of potential buyers. I have personally found both of these promotions to work.

Bring the buyers to youAfter I list an item, I spend some time finding buyers. How? I do a search for the exact item I’m selling (same size, brand, style) or a similar style in the same brand and size. I start going through those listings and following everyone who has liked that item. That will send them a notification that I’m now following them. Hopefully, they will pop over to check out my closet and see that I have that item they like. Maybe at a better price. Maybe in better condition. Maybe they missed out on the first one and don’t want to miss out again!

Offer a Bundle Discount: This is particularly confusing for first time sellers. “Bundling” or offering numerous items together for a discounted price is great for the buyer, great for the seller. I will add a tutorial for creating a Bundle later on.

Connect Your Social Profiles: Personally, I only use Instagram and Pinterest but am currently working on FB. I set up a separate business account so as not to bombard my personal profile and friends that might not be interested. It’s been great to network, share my closet, promote any specials or just communicate with other resellers of the world. If you have a blog, you can also install a widget with your listings on your site.

Stay Active: I’ve found it’s best to be as active as possible. I share my whole closet 2x/day and during any Parties that are relevant. My rule of thumb is to add 3-5 listings/day and to share OTHER sellers closets/items. It’s a favor for a favor. If I share someone’s closet who has 100k followers, they’re going to return the favor and my items will be seen by that many more potential buyers.

Bottom line? Just have fun! Just know that it will take time to learn the ins and outs. Be patient with yourself and it will come ☺️

 

 

A Guide to Reselling like a BOSS – Part 1

A Guide to Reselling like a BOSS – Part 1

Step by step details to help you start your business! Everything you need to know is right here. I’ve watched the countless videos, read the articles and done the homework for you!

 

What does it mean to have a side hustle? It is any type of employment undertaken in addition to one’s full-time job. They are often things we are passionate about..fashion, animals, teaching, cooking, reselling..the list is endless. *More than 44 million Americans have a side hustle and of the 86% who say they earn extra money from a side hustle every month, 36% are making $500 or more. What would YOU do with an extra $500/mo?

Why the side hustle?  Of course, the main objective is to make a little extra money. But what if you wanted that to be your main source of income? Is it possible? I say yes.  I have worked in the retail industry for 25+ years in many different management roles and I’m here to tell you it kills you slowly. No one deserves that. For most in the retail industry, the money is good, a little too good in the fact that in looking outside the retail world for another job, you will be paid considerably less. So, too often, we become stuck (and sometimes comfortable), knowing that this is as good as it gets. And we put up with the politics, rude customers, horrible bosses, long days and physical demands because we think we have no choice.

So, we start to look inward..are we happy? What does happy look like in relation to our work-life? If you could do what makes you happy and get paid, would you do it? It’s a scary thought, to quit your job and do what you love. And where do you even start? It’s pretty overwhelming.

I am on my way to just that..independence. I have started with reselling clothing, jewelry, etc. on Poshmark, Mercari & Etsy. I have always had an avid interest in fashion and I am thrilled that in reselling, I’m also recycling and helping to keep clothing out of landfills.

 

  • Download and open the Poshmark app.
  • Set up your profile.
  • Use your phone to take pictures of the items you want to sell.
  • Write a description.
  • Check the appropriate category, size, color boxes.
  • Name your price (and the original price).
  • Push the List Item button.
  • Wait for inquiries or a purchase.
  • Accept or counter any offers.
  • Once you accept an offer, print the shipping label.
  • Drop your sold item in the mail.
  • Buyer has three days to mark item as received or it will be marked received for them.
  • Get paid.
The Side Hustle & Me

The Side Hustle & Me

What does it mean to have a side hustle? It is any type of employment undertaken in addition to one’s full-time job. They are often things we are passionate about..fashion, animals, teaching, cooking, reselling..the list is endless. *More than 44 million Americans have a side hustle and of the 86% who say they earn extra money from a side hustle every month, 36% are making $500 or more. What would YOU do with an extra $500/mo?  

Why the side hustle?  Of course, the main objective is to make a little extra money. But what if you wanted that to be your main source of income? Is it possible? I say yes.  I have worked in the retail industry for 25+ years in many different management roles and I’m here to tell you it kills you slowly. No one deserves that. For most in the retail industry, the money is good, a little too good in the fact that in looking outside the retail world for another job, you will be paid considerably less. So, too often, we become stuck (and sometimes comfortable), knowing that this is as good as it gets. And we put up with the politics, rude customers, horrible bosses, long days and physical demands because we think we have no choice.  

So, we start to look inward..are we happy? What does happy look like in relation to our work-life? If you could do what makes you happy and get paid, would you do it? It’s a scary thought, to quit your job and do what you love. And where do you even start? It’s pretty overwhelming. 

I am on my way to just that..independence. I have started with reselling clothing, jewelry, etc. on Poshmark, Mercari and Ebay. I have always had an avid interest in fashion,  and I am thrilled that in reselling, I’m also recycling and helping to keep clothing out of landfills.  

What I don’t sell, I donate.  

There will be bumps and roadblocks and there will be great successes, but I am not prepared to let one more hour of my life be wasted on something I don’t believe in and that I’m not inspired by. This same philosophy goes for a number of different aspects of my life: friends, family members, bad habits. Sometimes you just need to let go of negative energy, you know those people who suck the life out of you and have nothing to give in return? Yes, them, we all have them (or had) and it’s time to move on to greener pastures with people who bring something to your life and enrich it. Cut those strings and you’ll feel 1000% better for it. 

But I digress. 

I am currently navigating this crazy hustle business and have been pretty immersed for about 2 months now. I am in no way an expert and will never claim to be BUT I have stumbled across some pretty great ideas, hacks, how-to’s and just some  all-around fantastic information on how to start an E-Commerce B to C (business to consumer) business. I have been figuring this out on my own from all different sources and would like to compile them all for you here, so you have it all in one place, should you decide to get your hustle on.  

Something as simple as an Excel spreadsheet to be able to track everything from Day 1 is essential. So, to start out, I’m going to share the one I’ve been using (and tweaking) to ensure I have accurate inventory, ROI, COGS, margins, etc. Click on the link above to download it and USE it. It will make your life that much easier, trust me! 

My goal is to share as much information as possible, as often as I can. Believe me when I say TAKE THE HELP. It can be overwhelming to do it all on your own. I’m excited to have you on this journey with me and to keep each other lifted up and on our way to an inspiring, joyous, successful hustle turned small business.  

Xo, Amy 

Sparkling Tarragon Gin Lemonade

Sparkling Tarragon Gin Lemonade

Only recently have I been able to actually drink gin again after about 35 years. The reason? I had a horrible experience at age 16, in a sand pit on a golf course with a bunch of friends and a bottle of Tanqueray. I’m sure you’ve had a similar experience and know what came next. Cut to 35 years later and FINALLY the smell doesn’t make me break out in a sweat anymore.

This recipe was made by a friend and at first, I was sure I wouldn’t care for it nor would I be able to stomach the gin BUT it’s an AMAZING cocktail! It’s light, effervescent, refreshing and DELISH.

Spring is here so why wait to whip up a pitcher, sit on the deck and sip your way to summer!

Ingredients:

  • 10 large sprigs of tarragon
  • 2 lemons, thinly sliced
  • 2 Tbsp. sugar
  • 3/4 cup gin
  • 3/4 cup St-Germain (elder flower liqueur)
  • 1/3 cup fresh lemon juice
  • 1 12-oz. can club soda

Muddle tarragon sprigs, lemon slices and sugar in a large pitcher. Add gin, St-Germain, lemon juice and club soda. Add ice and stir to combine. Serve over ice with additional lemon slices or tarragon sprigs for garnish.

 

Reselling Supplies

Reselling Supplies

Reselling Supplies

I’ve compiled a necessary list of supplies you should have before you start. The 2nd list are things you don’t necessarily need right away but that you will probably end up picking up. I have included the links to the products I use to make it easier for you. Of course, you will need a printer.
 A little investment upfront will save you SO much time and headache.  Gather your supplies and let’s get started!

MUST-HAVE SUPPLIES

            


The If-You-Want-To-Be-Extra Supplies

                  

 

Hopefully this has helped, even just a little. If you ever have questions, you can always email me here. I’m happy to answer any and all to help get you through the initial craziness. Happy Selling, everyone!!