Ok, I had to post about this on here because I am totally lost on where they are going with the "grants" for the retail sales.
These are quotes from the website:
"...women can apply for initial financing to purchase their first batch of Retail inventory and get started."
"We will offer financial grants of $500 to 50 existing Poshmark sellers to help Poshmark community members purchase Retail inventory."
"The application deadline is January 1st, 2016 and recipients of the grants will be announced in January of 2016. Funds will be issued in the form of Posh Credit."
"All NWT Retail listings must comply with the NWT Retail definition below:
NWT Retail items are purchased wholesale or from a distributor.
NWT Retail items listed on Poshmark are being sold to the public for the first time.
NWT Retail items are brand new, unused, and have original tags attached.
NWT Retail items were not purchased at a mall, outlet store, or retail store."
So, let me get this straight...they are giving out $500 to help people purchase retail inventory to start a business. Retail items are purchased wholesale. The $500 will be in POSH CREDIT.
How on earth can you purchase retail inventory (wholesale) FROM POSHMARK?!
You can't.
Sorry for the rant, but I'm just in awe of this...it makes absolutely no sense, besides giving people money to spend on Posh so that Posh can make more money,
:weird:

That's about the dumbest thing I've ever seen on a "professional" website.
What the heck???
You're right- it's a self negating offer. It makes absolutely zero sense..
Did you email them about this? I don't believe they even have a number to call so you have to email.. Or perhaps post on their FB page..
If that's the type of thing they have their top execs designing, it sure doesn't give one much faith in their business model or the site in general.
