If you’re eyeing your closet and thinking of selling some items to declutter or earn some extra cash, you might have heard of Tradesy and Poshmark. These two platforms offer an avenue to sell pre-owned clothing, accessories, and more. But when it comes to picking the right platform for you, it’s essential to understand the differences between Tradesy and Poshmark to make an informed decision that suits your selling needs.
Tradesy vs Poshmark Review
1- Audience and Demographics
Poshmark boasts a vast audience of over 80 million users across the U.S., Canada, India, and Australia. It accommodates a broad range of fashion categories, from women’s, men’s, and children’s apparel to accessories, beauty products, home goods, and select electronics. Renowned for trendy brands and higher-end fashion, Poshmark stands out for its focus on women’s fashion and offers a versatile marketplace for various items.
On the other hand, Tradesy, a part of Vestiaire Collective, caters to approximately seven million U.S.-based women, primarily focused on upscale luxury items. It specializes in high-end clothing, bags, shoes, accessories, vintage, and wedding items, targeting a niche audience seeking designer and luxury resale items.
2- Inventory Preferences
Poshmark thrives on trendy pieces and sought-after brands like Lululemon Athletica, Nike, Free People, Victoria’s Secret, and Coach. It accommodates Nordstrom, Revolve, and Anthropologie brands, emphasizing a blend of higher-end and trendy fashion.
Tradesy, with its curated and chic aesthetic, caters explicitly to luxury brands such as Louis Vuitton, Chanel, Gucci, Tory Burch, Christian Louboutin, and Michael Kors. While it accepts some inexpensive brands, its focus remains on designer and luxury inventory due to its higher selling fees.
3- Listing and Selling Process
Both platforms offer straightforward listing procedures, requiring images, titles, descriptions, and item specifics. Tradesy adds a touch of elegance by applying a white background to cover photos automatically. Poshmark stands out for allowing listing videos, enhancing product visibility.
Poshmark necessitates active sharing of listings to boost visibility, while Tradesy operates as a more passive “list-it-and-leave-it” platform, relying heavily on detailed descriptions and titles for search optimization.
4- Sales Tactics and Tools
Poshmark offers extensive tools like sharing listings and making offers to likers, driving active engagement. In contrast, Tradesy lacks such seller-centric tools, relying more on detailed listings and promotions to attract buyers.
Poshmark’s interactive features encourage seller activity, while Tradesy’s approach is more hands-off, demanding less seller involvement.
5- Shipping Methods and Costs
Poshmark simplifies shipping with USPS labels provided upon sale, offering a flat rate for orders under 5lbs. Buyers can benefit from bundled shipping for multiple items.
Tradesy offers multiple shipping options, including shipping with Tradesy, self-shipping, or requesting a Tradesy shipping kit. However, its shipping costs tend to be higher, impacting overall expenses for sellers.
6- Shipping Responsibilities and Fees
Both platforms allow sellers to offer free or paid shipping. Poshmark necessitates sellers to pay shipping fees for orders, while Tradesy offers more flexibility in setting flat rates but includes varied shipping costs in its fee structure.
7- Selling Fees
Poshmark charges a 20% commission on sales over $15 and a flat rate fee for lower-priced items. Tradesy’s fees, approximately 22%, involve a complex calculation based on item price, shipping method, and promotions, slightly higher for items under $50.
Poshmark, with its expansive audience and lower fees, suits a broader range of fashion items and brands. Tradesy’s niche for luxury and designer items, despite higher fees, provides a lucrative avenue for premium inventory.
Ultimately, the choice between Poshmark and Tradesy hinges on your inventory type, target audience, and willingness to engage actively in sales tactics. Cross-listing on both platforms could offer a balance between broad exposure and targeted luxury sales.