5 Things I Learned from Selling My Stuff Online

Hello friends, Happy Tuesday! :)

I was going to do Part II of selling on Poshmark as promised last week (see Part I here), but I'm really tired from my work trip and my side hustle over the weekend. Today's post is shorter, but I think it's a little more interesting! Without further ado, here are the 5 things I learned from selling my stuff online:

I think it's pretty safe to say that designer goods tend to retain their value well (still varies by brand). For example, my Louis Vuitton Emilie Wallet (used ~1 year) sold for 73% of its original price within one day after listing. If you can get designer items at a good discount (my favorite place is Nordstrom Rack!), you should be able to get your money back or even make a little bit extra. 

Designer goods are also made to last. If you take care of your items, they'll still be in excellent condition after years! Fast fashion, on the other hand, will just fall apart. I personally think there's always a market for selling designer goods, because people are looking to get them at a discount. 

I love subscription boxes, but I don't always use everything in the box. In the past, I just gifted the extras to family and friends. I've heard of people selling them online, but I didn't start until late last year. In fact, 3 out of my 11 sales on Poshmark were items in my subscription boxes. 

I think it's a win-win for everyone. I get to keep what I'll actually use for very cheap and the buyer still get a good discount compared to buying them individually. I really think this is the way to go for me in terms of subscription boxes. I can still customize and get the excitement of unboxing, but won't be overwhelmed with having so many products and creating more clutter. 

It's the basic model of supply and demand, but you can use it to your advantage when it comes to reselling. Still to this day, most of my sales on eBay came from reselling Lilly Putlizer for Target collection in 2014. I made close to $600 that summer.

During the last Clear the Rack, I picked up this Gal Meets Glam dress for $15. It was a little tight for me, but I was able to resell it on Poshmark for $80 ($64 after Poshmark fees)! 

One of the things that I find really strange is people were selling and buying USED BRA online! No thanks! Although I would never do that, one of my recent sales was very interesting. I originally had this Tone it Up light resistance Booty Band as a bonus to the Tone it Up hat I was selling. Then someone commented if I would sell it separate and I sold it for $5. It still intrigues me why she was willing to pay $5 + $6.49 shipping for ONE booty band, when you could get 3 for that price! But hey, I made $2 (after Poshmark fees) from something I was totally willing to give away for free. I guess you just never know what other people are willing to pay for. 

When you sell online, you are your own brand. Customer service is something I take very seriously. On eBay, I would message the buyer to let them know the item will be shipped and attach pictures of how I packed the item. I've always received positive feedback for doing so.

On Poshmark, I would write a thank-you card and give some cosmetic samples if it'a a bigger sale. Really take the time to pack everything well and I promise your buyer can tell the difference. Here is how I packed a pair of earrings.

So there you have it -- 5 things I learned from selling my stuff online. I hope you find this interesting. Thanks so much for stopping by and see you next week! :)