How entrepreneurs use apps like Poshmark to turn side hustles selling clothes into full-time gigs earning 6 figures or more
, 30, was selling used designer clothes and accessories on eBay when she discovered Poshmark. Once she opened her Poshmark shop in 2014, she found it was better-suited for handling luxury goods."People trusted you more on Poshmark versus eBay and you are selling the same item," she said.
After about a year of selling, Welch tested wholesale on her shop with jewelry. She said these pieces were easy to list since the vendor provides photos and gives a manufacturer suggested retail price . For example, she could buy five necklaces for $10 each and sell them for $50 each."Usually the MSRP was at least five times what you're paying," she said.
Ratner, who has over 257,000 followers on Poshmark, refers to her customers as clients. She said they trust her as their own online stylist and often look to the products she posts as a full outfit they want to replicate."I got to know my clients, I got to know their family, their kids what they do, actually got to know their style, their favorite colors, their sizes," she said.
She's glad she didn't go the traditional route."All of these entry-level positions pay, I think typical is around $50,000 a year, and I'm making more than that doing something that I love and something that I know that I'm good at," she said.
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