Anyone Ever Buy and/or Sell on Tradesy?
- Thread starter iluvmybags
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Try not to get discouraged by inevitable lowballs on posh. Feel free to put NO LOWBALLS in your listings. I do and I think it has helped cut down on that crap. Also it helps to share closets of other ppl with designer items as they are more likely to be able to afford your stuff, not broke high school students selling used mall brand t shirts for $8.I'll probably try VC in addition to Poshmark. Thank you
Wow that's awful. And very scary. Its like the same worries there are with EBAY now except EBAY is only half the commission. I would complain to the FTC. Really. If they get a call from the FTC they are investigating, they might think twice next time. Also, it is mail fraud so you could probably reach out to the Inspector General's office. If Tradesy doesn't make it right - then tell them this is what you are doing and file the complaints.
I am wondering about that too but it doesn't seem very popular here so I can't imagine it gets much traffic.
On Tradesy I am just raising prices which I know according to them are way above their idea of market but I figure now since selling there is so much of a risk now and combined with such high commission - I want it to be worth my while to sell. At least if I sell 2 things and one gets returned to me, I can feel the trouble was worth it if I made enough money on the other thing. Things will take way longer to sell though and there is a greater chance of buyer remorse when they actually get it but that is the only way to play this. The things I can bring below $50 I had lowered but now all someone has to do is say NAD - just like Ebay - and so that strategy is worthless now too as a no return strategy, so why bother trying.
I think my risk is less than some because my items are lower priced. Many of my items are below $50. Since this recent worry about Tradesy returning items to sellers, I haven't yet had a problem, knock on wood! In my last 6 sales, the money has been released on 4 of them. For the other two, one just got delivered today and the other was delivered a week ago. The most expensive item was $70.
Anyone get a personal message/email sent from Tradesy CS inviting him/her to take advantage of the current sale/promotions? Are they no longer doing the editor's email type promo? All of their recent actions just reek of desperation for some quick cash...
I didn’t get the email but I have noticed that there’s literally a new promo every day. They used to have them just every few weeks.
I still see the editor's emails daily, usually a couple of times/day. check your spam folder. something changed to the filters on my Google account recently and that's where everything goes.
I noticed that too. my guess is they got some VC funding specifically earmarked for marketing. Vestiaire reduced their commissions but run almost no promotions since Christmas when their new CEO arrived. different strokes for different startups I suppose.
Or they got no money and they’re just super desperate. :/
Speaking from experience at 1 or 2 startups, it’s much easier and costs way less money to turn the kill switch on to a business than trying to prolong it like death by a million paper cuts. The efforts of marketing, putting together campaigns, emails and ads constitute a tremendous amount of work, and knowing how VCs operate, they wouldn’t tolerate this idea in the first place. The MO you’re referring to is more prevalent to brick and mortar stores, aka Sears or JC Penny.
Wait so are you saying they’re probably doing fine because their VC funders would tolerate them wasting money on marketing if they weren’t going to make it? Not trying to be dense. I don’t know a lot about how startups work.
in a single word "yup" in the land of startups. marketing is key here, if there were no customers, there'd be no use for marketing, hence no money to spend. to wit, see Uber/Lyft recent public IPOs (the former is soon to be), companies that lose money by the truck loads (to the tune of a billion) yet investors still want to own the companies' shares. Amazon did the same for years and years before they finally turned a profit.
Poshmark is advertising the subways in NYC, that costs a pretty penny in marketing. they have a different tactic than Tradesy who is spending marketing dollars on coupons, but same difference and it's all in the name of marketing.