Posted by Lindsey Ellefson
https://lifehacker.com/tech/poshmark-smart-sell?utm_medium=RSS
In the resale game, you have to be prepared to negotiate with buyers, and even accept less money than you think your items are worth. That's just how it goes—you can either hold strong to your conviction that the sweater you're selling is worth $100, or you can accept $80 for it and move on. Most volume sellers, myself included, end up taking that $80, because you both get the money and you get rid of the item taking up too much space in your home. Accepting a lower offer is just part of the process, even if it stings.
But a lowball offer? You don't need to waste your time with that—and many platforms, like eBay and Mercari, have automatic tools in place that save you the hassle of having to even see an offer from someone who wants to give you pennies on the dollar. These smart pricing tools are wildly helpful in managing your sales—and finally, Poshmark, my favorite resale platform, is adding smart selling tools of its own.
How Poshmark's "Smart Sell" feature works
"Smart Sell" is a new feature slowly rolling out to Poshmark sellers. The news is hitting resale forums in waves, as new users get added to the beta test, so you might not have it yet. When you do get a chance to use it, you'll indicate (privately) the lowest price you'll actually be willing to accept for a listing, no matter what price you have it listed for publicly. From there, Poshmark's automations take over: If someone offers you below that minimum threshold, Poshmark counters on your behalf with a more reasonable price. If someone offers above it, Poshmark accepts the offer, and you make a sale.
You have the option to toggle Smart Sell it on and off for a particular listing too, so you can prevent Poshmark from accepting an offer you won't be happy with. For me, that's crucial, because I'm much stricter on, say, the price I'll sell a Gucci bag for than I am on the amount I'll take for a Nike t-shirt. I'll negotiate on the t-shirt, since the difference in selling price isn't likely to be that big, but when it comes to pricier items, I'd rather wait for the right buyer (i.e. one willing to pay close to my asking price) to come along.
Once the is widely available, you'll find it in the page that appears after you create a listing, above the options to share the new listing to your followers and any relevant Posh Parties. Toggle it on, enter the lowest price you'll accept, and hit List, just as you otherwise would to make the listing live. You aren't committed to that price either—you'll be able to adjust it later, just as you can the public price. You can also choose to turn the feature off even after a listing goes live.
Why I'm excited about Smart Sell
Even though I've automated a lot of the most tedious tasks associated with running my Poshmark storefront by using a third-party app, I still spend a lot of time on the marketplace every day. I create bundles for interested buyers, send out special offers, respond to questions about measurements and wear, and try to build a relationship with the people purchasing my stuff. When someone is repeatedly sending me lowball offers, it takes time and energy to respond to them all. Every once in a while, I'll respect the hustle and—if I have other sales to drop off at the post office—I'll even accept one, but that's rare. I will even go as far as to block repeat offenders; with all those notifications spamming my feed, I might miss out on real offers, likes, or sales. No thanks!
In short, Smart Sell is going to save me a ton of time, and will likely even net me some low-effort sales.
https://lifehacker.com/tech/poshmark-smart-sell?utm_medium=RSS
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