CHAT about Balenciaga Finds

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I think for more expensive items, the total Poshmark makes is less because the fees are a combination of flat fee and percentage. The percentage is lower than it was before, about 12% total split between buyer and seller. The site puts in the same amount of work for a cheap sale and an expensive one. This structure makes it more expensive on the low end.

As a buyer, you should make an offer that makes you comfortable with the total amount you'll pay. The seller will be more likely to accept a lower offer than in the past because her profit is more.

ETA: If I did the math right, on a $100 item, Poshmark makes $17.98, not the $20 they did in the past. The spread gets larger the higher priced the item.
I see. On higher priced items, PM is making less than before. PM and mostly buyers are contributing to increase seller's cut. Presumably PM is nevertheless making more money because of overall price creep. As a buyer, I'm on the wrong side of this equation!
 
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I have been waiting for a first that calls my name, and found this in Rouge Theatre. The handles have darkened, but the bag overall seems in pretty good shape. The price was hard to beat at $495

 
I have been waiting for a first that calls my name, and found this in Rouge Theatre. The handles have darkened, but the bag overall seems in pretty good shape. The price was hard to beat at $495

That thing popped up for a hot minute but before I could post it in the Finds thread it was gone.
Glad someone here got it!
 
I have been waiting for a first that calls my name, and found this in Rouge Theatre. The handles have darkened, but the bag overall seems in pretty good shape. The price was hard to beat at $495


Congrats, RT is amazeballs! :heart:
 
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Yes. It seems that many of the reselling platforms are moving to a similar structure to entice more sellers. I've noticed no more "selling fees" on Depop, Posh & Vestiaire, but in the end both buyers and sellers take a bigger hit while the companies rake in bigger profits. As secondhand shopping & thrifting interest continues to grow, so do the pockets of the reselling platforms. Just like how prices in thrift stores themselves are outrageous now.
yes! When Mercari went to this, my sales dropped significantly. Even I purchase less. There is something about having additional $ tacked on at the end - like paying 14.99 for shipping while checking out $400 worth of stuff, still gives people pause.

I wish if they wanted to increase their fees, they just do it to the seller & we adjust our prices accordingly (like Mercari used to be). Buyers understood when the response to an offer was “The lowest I can accept is $$ because that gives me $$ after fees.”

I wish they’d do a study evaluating the effect “no seller fees” has on sales. I’d bet either (1) it’s not good overall, (2) it’s only good for a certain band of pricing, or (3) there are specific types of goods/buyers who often purchase those goods that it’s not good for.

If I was getting a PHD, I’d try to make this my dissertation 🤣
 
I have been waiting for a first that calls my name, and found this in Rouge Theatre. The handles have darkened, but the bag overall seems in pretty good shape. The price was hard to beat at $495

It's still showing as available! :confused1:
 
yes! When Mercari went to this, my sales dropped significantly. Even I purchase less. There is something about having additional $ tacked on at the end - like paying 14.99 for shipping while checking out $400 worth of stuff, still gives people pause.

I wish if they wanted to increase their fees, they just do it to the seller & we adjust our prices accordingly (like Mercari used to be). Buyers understood when the response to an offer was “The lowest I can accept is $$ because that gives me $$ after fees.”

I wish they’d do a study evaluating the effect “no seller fees” has on sales. I’d bet either (1) it’s not good overall, (2) it’s only good for a certain band of pricing, or (3) there are specific types of goods/buyers who often purchase those goods that it’s not good for.

If I was getting a PHD, I’d try to make this my dissertation 🤣
I agree it's a bad strategy. Buyers don't want to negotiate a price and have the final bill be shockingly higher, after tacking on tax, shipping, and now this "service" fee.
 
I agree it's a bad strategy. Buyers don't want to negotiate a price and have the final bill be shockingly higher, after tacking on tax, shipping, and now this "service" fee.
Vestiaire adds insult to injury by tacking on the added buyer cost to the price the seller attempts to post. It's making that site's prices appear astronomical in comparison to other venues.
 
I agree it's a bad strategy. Buyers don't want to negotiate a price and have the final bill be shockingly higher, after tacking on tax, shipping, and now this "service" fee.
It's like resort fees at a hotel.

I liked the way Tradesy did it. The way I remember it, the seller set the price but when it was posted on the site, the shipping cost was already added in. The price you saw was what you paid except for sales tax.
 
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