Why Poshmark is the Biggest Untapped Dropshipping Opportunity
Dropshipping on poshmark has been absolutely EXPLODING as of late. I’ve been dropshipping on poshmark for about 2 years now…and ever since I scaled it up, I’ve been averaging almost $1,000 profit every month on the platform. But since the start of September (with Q4 demand approaching), my poshmark sales have pretty much doubled.
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Now, will $2,000 a month make you a millionaire? No.
But, that amount of money can be life changing for A LOT of people out there.
In todays’ video I’m going to break down how to PROPERLY dropship on poshmark
….as well as give you my entire formula on how I approach this (literally from a to z)…so you can replicate exactly what I’m doing and hopefully get similar results.
The great thing about poshmark is a lot of it can be automated with software.
And….just like dropshipping anywhere else….you don’t need to purchase large sums of inventory ahead of time
you ONLY have to purchase products AFTER you get a sale…and AFTER you’re guaranteed to profit
And You can leverage other people logics and inventory
The main issue with dropshipping on poshmark is that to be successful long term….you need to use their shipping labels.
This is both a drawback….but also a benefit.
Unlike dropshipping on other sites, you can’t simply facilitate the transaction remotely….by ordering it directly to the customer and then giving them the tracking number.
You need to order it to yourself first….then use the poshmark label (and either drop it off at your local post office, in one of those blue bins, or have your mailman take it).
And yes…that adds another step in the process…and it adds your time to the equation.
BUT, because of this added step….the dropshipping competition on this website is extremely low
And you can rake in the sales…simply b/c you’re competing again reseller’s who need to have all their inventory on hand FIRST….where as you can list thousands of things from other websites you don’t have.
Now, before I give you my exact formula to success for this…I want to make sure that you understand technically dropshipping on poshmark IS against their terms of service.
You’re not supposed to dropship on the platform.
Although, since we’re using poshmark labels…we won’t run into any issues…and we’re somewhat abiding by their platform rules (which is to ship out the product from your location yourself with the poshmark label).
So, step 1 is to list LOTS of products.
Whenever I say this, I get inevitably get people that message me and say they’ve listed 50 things and gotten no sales.
LIST LOTS. It’s really simple. No matter the platform…when you’re retail dropshipping and there’s 0 cost for you to list something…..
Then list as much as you can.
The more products you have up…the more fishing poles you’ll have in the water…..and the more fish you’ll catch.
It’s not complicated….and I’m not special. I just list more than most people. That’s all.
You can list from websites like amazon (using prime), Walmart (using Walmart +), or really any other website (or store) that you can have the product in hand in 2-3 days.
Poshmark gives you 3 days to ship the product out….and then they actually give you a few days after that too once your 3 days is up….
But as a rule of thumb, list products that you can have in hand within 2-3 days max.
That’s why I suggest amazon prime and Walmart + (b/c there’s millions of products you can list that are high quality, with good pictures and descriptions, that can ship to you fast)
When you list them, you want to make sure you mark them up a decent amount….b/c unlike other platforms, poshmark fees are relatively high (in fac they’re the highest of any retail website I believe).
I typically mark my products up about 60-75% on poshmark….and yes…I still get plenty of sales.
I do this by using a software called zeedrop. It’ll be linked with a discount code in the description.
Zeedrop copies products from websites like amazon, Walmart, and dozens of others….to poshmark in seconds.
It’ll copy the title, description, and pictures……as well as mark your price up a set %....so when you make a sale (you can keep the difference and make money).
There’s 2 ways I’m able to pump out hundreds of poshmark listings every day.
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