I was just browsing on Poshmark and saw a cute bag so I clicked on the item. The seller had a LOT of NWT Michael Kors bags. The listings said, "Posh price is set, pay with PP and posh shipping". Is he/she doing something underhanded? Like using Poshmark to list her items but taking the sale elsewhere?
Does anyone use Poshmark?
- Thread starter kenzibray
- Start date
TPF may earn a commission from merchant affiliate
links, including eBay, Amazon, and others
Well that's just
Sorry couldn't resist. There are some really funny emoticons here. How do they get away with it? It's posted right on the listings. And there are a lot of them.
Has anyone noticed the crazy amount of outlet resellers with exorbitant prices? Like bags they got for $70 at the Outlet for $250+. I've noticed this a lot on Coach and Kate Spade listings. What's kinda crazy is people pay these high prices, when they could have gotten the same bag NWT on eBay for probably 100 dollars cheaper. How are people so blind to this, and not think to shop around for a better deal?
They might do this so the lowball offers they get are actually closer to the prices they want. I've had offers for 1/2 to 1/3 of my asking price so I tend to mark my prices up (not astronomically high) but enough so that offers might be in the realm of reality.
Oh, I can understand that. I do that too, price my listings up so people can negotiate with me, but still being reasonable. I'm more talking about the people who have a hundred listings of purses they got at the outlet and they don't negotiate on prices at all and are more or less preying on the people who don't have outlets close to them and know what the bags sell for there. I can understand people taking a 10% Shopper's fee because they are in a sense working but to jack up prices so high is kinda crazy especially when they are higher than ebay.
I see this a lot with the Coach Peyton Domed Satchel that was majorly discounted in the outlet this winter. At many outlets, they were about 65 dollars and since then i've seen them on posh for over 250.
*edit for context
Oh, I can understand that. I do that too, price my listings up so people can negotiate with me, but still being reasonable. I'm more talking about the people who have a hundred listings of purses they got at the outlet and they don't negotiate on prices at all and are more or less preying on the people who don't have outlets close to them and know what the bags sell for there. I can understand people taking a 10% Shopper's fee because they are in a sense working but to jack up prices so high is kinda crazy especially when they are higher than ebay.
I see this a lot with the Coach Peyton Domed Satchel that was majorly discounted in the outlet this winter. At many outlets, they were about 65 dollars and since then i've seen them on posh for over 250.
*edit for context
Okay, assume you want a 10% profit over outlet price plus tax. Posh takes 20% of your selling price. Your prices are necessarily going to have to be higher than eBay. Anything else in that scenario is trying to make a bigger profit margin. I'm not going to get into the ethics of it. Goodness knows we've had long debates about it all over tPF. There are ridiculous markups everywhere. You should see some of the ones for LV and Hermes items -- especially H items. A $10,500 black Birkin with GHW can sell for $20,000. They charge it because someone, somewhere will pay. However, that will neither be you nor me paying those prices.
First off, very few sellers are going to be personal shoppers for 10%. Gosh, gas alone would eat up that 10%, not taking fees, time and work involved in shopping, listing, dealing with Q&As, etc.Oh, I can understand that. I do that too, price my listings up so people can negotiate with me, but still being reasonable. I'm more talking about the people who have a hundred listings of purses they got at the outlet and they don't negotiate on prices at all and are more or less preying on the people who don't have outlets close to them and know what the bags sell for there. I can understand people taking a 10% Shopper's fee because they are in a sense working but to jack up prices so high is kinda crazy especially when they are higher than ebay.
I see this a lot with the Coach Peyton Domed Satchel that was majorly discounted in the outlet this winter. At many outlets, they were about 65 dollars and since then i've seen them on posh for over 250.
*edit for context
Consignment shops take from 30%-60% of the selling price and personal shoppers double and triple cost for their services!
As for your comments about the markup on Coach Peyton domed satchels, what stopped you from buying one (or more) at the outlets for about $65? To play devil's advocate, you snooze, you lose. (And I don't have any of that bag, don't sell on ebay or posh and I have no horse in this particular race.)
I realize this has been discussed many times over many years and on many brands so without going into members' opinions on that, I just want to comment on your use of "ethics."
There's absolutely nothing unethical about listing items at inflated prices. It's the basis of capitalism; items are worth what a willing buyer will pay. And if it doesn't sell at a price the seller lists for, they either reduce the price, sit on the item and it never sells or they wait for the right buyer.
But IMO, "ethics" has nothing to do with selling and the prices items are listed for.
As an example, I saw identical Uggs boots (same style, size and color) this winter at both TJ Maxx, Nordstrom Rack and Nordstrom (mall store). At TJ's, they were $129.99, at the Rack they were $199 and at the mall store they were around $300. (I don't recall the exact prices since it was a few months ago.) Are Nordies or the Rack less ethical than TJ Maxx? Is Nordstrom at the mall less ethical than its Rack counterpart?
Agree completely. It's supply and demand. My post perhaps was a bit poorly worded. I meant the threads got into whether it was an ethical issue. Like you, I have no dog in the race.
I do agree with what you're saying BeenBurned. I think my post is more commenting on the inflated bags being sold and what i've witnessed in the comment section of the listing. For example- if someone offers $200 on a bag listed at $250 but you bought it for $65 and then you publicly complain that the offer is a low ball because the retail value is $378 (even though the Peyton Bags at the outlet were not sold for that), even with fees, that is still a hefty profit. Sure, a seller can decline the offer of 200 and wait for 250, they have the right to do that, but the seller complaining in the comments is what doesn't look so hot. However, if that's how they want to conduct their business that's on them, and I guess good luck to them!
I'm amazed too by the pricing of some folks. When I'm trying to sell OR buy I actually try to find other items that are the same or equivalent on eBay, Amazon, other poshmark listings etc. so I know what I'm willing to pay for an item or what to list mine at. If I bought something full price but someone else buys it on clearance and we both try to sell our items, my full price purchase has zero to do with my item reselling. Bottom line is that if someone else has it listed cheaper, then that's going to sell before mine.
Actually, the thing that works against me is when I realllllllllly want something but it's just a little bit more than I want to pay or I take too long thinking about and that item is no longer available. How many of us have stalked something waiting for it to go on sale and it sells out and then we obsess over finding it again? If that happens a couple of times where I've stalked an item from the moment it actually became available, through its markdowns, and eventually can't get it until resale and lose a couple auctions or miss out on some good condition consignments, I buy it instantly the next time it pops up! In my head the demand has increased bc it's no longer freely available and I'm scared I won't find it again in good condition or that someone else will snatch it before me! So for that reason, if something doesn't sell and I really did my homework and priced it correctly, then I remove the listing and wait to resell. Keeping it around just entices lower and lower offers. I don't know if faking the demand and waiting on the competition actually works on any other buyers besides me though hahaha!
Actually, the thing that works against me is when I realllllllllly want something but it's just a little bit more than I want to pay or I take too long thinking about and that item is no longer available. How many of us have stalked something waiting for it to go on sale and it sells out and then we obsess over finding it again? If that happens a couple of times where I've stalked an item from the moment it actually became available, through its markdowns, and eventually can't get it until resale and lose a couple auctions or miss out on some good condition consignments, I buy it instantly the next time it pops up! In my head the demand has increased bc it's no longer freely available and I'm scared I won't find it again in good condition or that someone else will snatch it before me! So for that reason, if something doesn't sell and I really did my homework and priced it correctly, then I remove the listing and wait to resell. Keeping it around just entices lower and lower offers. I don't know if faking the demand and waiting on the competition actually works on any other buyers besides me though hahaha!
I don't think that they do.
But if you find the item is not authentic, with proof of course, you are covered. At least that's what it says on their site. I've only just recently purchased from them and my item was over $500 so they have concierge service that authenticates it for them before I recieve it. They send it to a third party for that, or so they say.
If you receive an items that is fake, just email posh with pictures and they will confirm and you'll get the money back. If you're questioning it, you can do this as well, or I'd recommend going through a service to get it authenticated. So before you buy (under $500 since anything over is already covered by posh), think about adding the price of authenticating to your purchase if you are unsure.
I don't know anything about authenticating bags, so I haven't bought any on posh. I've done my research and know my shoes, so I'm comfortable buying them now. I try to comment on listings where the seller claims they are unsure of authenticity or claims authentic when they are fake (and I'm 100% sure they are fake or I don't comment and ask for more pics). I hate seeing buyers buy items they think are real when they aren't...I get a lot of backlash from sellers for this unfortunately :/ it makes me hate doing it because I comment and then hope for nothing bad to come of it, but I just put myself in the buyers prospective and can't help but keep doing it. Some people may think it's wrong, but reporting fakes on posh does nothing unfortunately
