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Profit First

1.4k members • Free

30 contributions to Profit First
Just Had to Block a Buyer
This is only my third buyer to get blocked for being too stupid to sell to. I am also dealing with an idiot on Poshmark who is accusing me of selling a fake Tommy Bahama shirt. A stupid $20 shirt. If I were going to sell a fake anything it would be for a whole lot more than $20. So, I uploaded the pictures to ChatGPT and Gemini and asked if this was a fake shirt. Asking this question made the AI software prove that it was not a fake. Both came back as authentic except for a button that had been replaced. Still authentic. Today is my day for online idiots.
Just Had to Block a Buyer
1 like • Aug 28
@Beau Johnson I REALLY want to block the ones who give low offers, then open a return the same day they receive the item. My thought is that they are trying to get it free and hope I don't want to pay the shipping fee back (free returns). I have not yet though. Should I?
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💸 Turn your death pile into cash 💸
0 likes • Aug 27
On the brand sheet, there are two columns. What the exact purpose of the "Women" column? it only has 3200+ names and is not in order. Is it just more brands some are the same as column 1). Is it women specific? I'm not sure.
0 likes • Aug 28
I see Nike and Under Armor. What categories in those sell the best for you? I never pick them up[ for myself, but I will for consignment.
Lowball offers
Anyone else receiving ridiculously low offers lately? I’ve received several this week that are more than half off my listed price!! Made me doubt my prices so I researched again and found my prices were around the average price. What do you do in those situations? I’ve just flat out declined and didn’t even bother with a counter offer.
2 likes • Apr 26
I have started setting a floor for offers. Helps peace of mind. I set it a 60% usually.
Good way to calculate size of store needed?
Anyone know a good way to calculate out the size of store needed for clothing items? If you know that your average sales per day are x amount. You know you want a yearly profit to be x amount. You know that your ASP is x amount. You know that your average COG's is x amount, then you should be able to come up with a store size needed to make the profit you are looking for. I know Chris from Daily Refinement use to have one on a spreadsheet, but I think he has it for members only now.
1 like • Apr 26
@Jerry Wilson I try to get about 50-100 good items per week 20% STR+ or good brands and styles (clothes mostly). I have seen a good increase, but I only have about 1000 clothing items in my store. Based on my sales, I plan to be able to pay all of my bills on just this income at 3000 items. It takes a lot of work to get there though.
1 like • Apr 26
@Jerry Wilson Clothes are good and plentiful and can be cross listed. I have made the same change you have over the last 4 months.
Did you get the latest Poshmark memo?
Just another way to make life harder and more challenging for resellers. They are going to stop sellers from ending and relisting effective May 1st. And also this gem which seems like a blanket coverall for anything we might do they dont like...."The following actions will not be permitted: Any action that circumvents marketplace listing policies in order to gain unfair search or marketing advantages."
1 like • Apr 26
Will need to throttle down your bots for a bit next week and the slowly increase activity on them. If you get a message from Poshmark, throttle them back down. The thing is, a lot of people do 100 or so a day and repeat often. If you just do a few a day that are after, say 90 days stale, it might be OK. Will need to watch out for sharing and following too many also. But, this *could* level the playing field a bit for those of us who have tried hard not to abuse the system.
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Jeff Fulton
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70points to level up
@jeff-fulton-5791
Old dude and his wife selling clothes, electronics and collectibles. Retired from Big tech, looking for freedom and something new.

Active 70d ago
Joined Nov 19, 2024