Poshmark and Depop are both popular and easy-to-use sites for buying and selling used goods. Users can even buy and sell both used and brand-new items on these platforms. Even though both sites were launched in the same year and work as an online eCommerce marketplace, there are many similarities and dissimilarities between these two websites that set them apart from each other. As a seller, you will always look for a better place to sell your items and earn profit so might wonder, should I sell on Depop or Poshmark? Let’s see which one between Poshmark Closet and Depop Shop is a preferable marketplace for online business owners to sell their goods.
Product Listing
Even though both Poshmark and Depop are platforms where you can sell used clothes and accessories, both focus on different audience ranges and different fashion trends.
On Poshmark buyers usually look for modern and branded items at a good deal. Poshmark Closet can be called ‘The Millenial’s Thrift Store’.
On the other hand, Depop’s main audience is GenZ, who are more into Vintage and designer goods.
So if you are a seller or just a regular user who wants to clean their closet, first sort out the items that go well with each platform. Be consistent and offer freebies to get more attention. Do not forget to upload quality photos of your product.
How To Promote?
Promoting your listing properly can be a great boost for your sales. So first you need to understand how both platforms work in promotion. You need to learn the common terms and hashtags that are used in the listings and descriptions of the items. It helps buyers to identify if the product is the one that they want. It also helps in searches.
On Poshmark, you can host and attend different community members that help you mingle and learn about the community well. You can also use this to promote your listings and check out others’. Some of the most popular hashtags on Poshmark are – #poshmarkcloset, #poshboss, # thriftstorefinds, #posher, and many more.
Depop is more like a social media such as Instagram. People ‘Like’ and see the items that their followers and the people they follow are listing. So use proper terms and hashtags so that your listings show up on strangers’ search results. Some of the most popular hashtags on Depop are – #depopshop, #y2k, #grannycore, #vintagestyle, #thrift, and many more.
Apart from in-app promotion, you can also use other Platforms such as Quora, Instagram, or Facebook as your promoting platforms. Just upload your listing link and a short description and you are good to go.
Commission Fee
Not that listing your items is completely free, the companies need to earn by commission fees on the sold items.
Poshmark takes $2.95 for items that cost less than $15 and above $15 the company takes a commission fee of 20%. Even though it sounds like a lot, you can plan ahead to avoid losses.
Depop takes a flat rate of 10% for every single item sold. Even though it doesn’t sound much, Depop has other policies. While shipment, the company takes a transaction fee of 2.9% + £0.30 in the UK and 2.9% + $0.30 in the US.
Before setting the prices of your items, keep in mind the commission and transaction fees of both companies and strategically make your negotiations so that you can have great profits.
Shipping
In Poshmark, generally, the buyer pays for the shipment. The sellers often discount the shipping fee and sometimes it’s free shipping. The average shipping fee in Poshmark is around $6.49. All you have to do is make the sale and a shipping label is automatically sent to your email, just print and use.
In Depop, either the buyer or the seller can pay for the shipping fee, sometimes added to the actual cost of the item. It provides two ways of shipment, for shipping internationally, the seller can ship on their own, but for selling within the US, the seller may use USPS’s service or directly meet up with their customers. You can get your shipping labels through Paypal or just buy them from the post office and ship your sold items.
Payment
Poshmark allows various ways for payments. Users can use Paypal, Venmo, or a card for transactions. But as a seller, Poshmark can be a bit hectic because it does not immediately pay them, a merchant only gets paid via bank transfer or other services after the item is shipped and delivered to the customer. It may take 2-3 days to get paid.
Depop is much useful in this matter, as it immediately pays the sellers after the item is sold. But you must have a linked Paypal account for all your transactions. Stripe or Card can also be used afterward.
What Do They Offer?
Both companies have their own special features that help users to experience different ways of online eCommerce.
Poshmark allows sellers to constantly promote their listings through virtual ‘Posh Parties’ and communicate with fellow users. It is like social media for merchants and shoppers where they can negotiate and get what they want. For boutique owners and those who use eCommerce platforms for primary earning, Poshmark’s ‘SuperPosher’ bot can be a lifesaver that works as a substitute for the seller and does all its work automatically.
In Depop, sellers can set their own prices, rules, and return policies without being interrupted by the company.
In Conclusion
It is always important to know about the website and its pros and cons before listing your products. It is not necessary for you to follow everyone and set up your shop at the same place where everyone does. See what suits you best and fulfills your needs first. There is no clear winner in the battle of selling on Poshmark Vs Depop, both have their own wins and losses so choose wisely and good luck earning extra bucks by selling items.