How to Price Shoes on Poshmark

Researching Prices for Shoes on Poshmark

To effectively price shoes on Poshmark, start by researching sold listings. This gives you a realistic view of what buyers are willing to pay. Use the search bar to filter by brand, condition, and size, then switch to 'Sold Items' to view completed sales. Analyze similar listings to gauge a competitive price range.

Current competition is also crucial. Look at active listings for similar shoes in your size and condition. Take note of their prices and consider how long they've been listed. Shoes that have been unsold for weeks may indicate overpricing.

Seasonal trends play a significant role. Athletic shoes often sell well in the New Year due to fitness resolutions, whereas sandals peak in spring and summer. Keep these trends in mind when setting your prices.

Pricing Table for Shoe Listings on Poshmark

Shoe Example	Condition	Sourcing Cost	Listing Price	Fees Deducted	Shipping Cost	Net Profit	ROI %
Nike Air Max	VNDS	$30	$80	$16	$0	$34	113%
Gucci Loafers	Good	$100	$300	$60	$0	$140	140%
Converse Chuck Taylor	Fair	$10	$25	$2.95	$0	$12.05	121%
Louboutin Pumps	Deadstock	$250	$600	$120	$0	$230	92%
Adidas Ultraboost	Good	$40	$100	$20	$0	$40	100%

Poshmark's Pricing Psychology

Poshmark buyers are accustomed to negotiation. It's common to price slightly higher than your target price to accommodate counteroffers. A strategic approach is to price high and accept offers, leveraging the platform's negotiation culture.

Fixed pricing works well for rare or highly desirable items where you anticipate less bargaining. The platform's 20% fee on sales over $15 means you must account for this in your pricing — ensuring that even after fees, your profit margins remain healthy.

Seasonal Pricing for Shoes

Peak seasons for different shoe types should influence your pricing strategy. For instance, boots should be priced higher in fall and early winter, whereas athletic shoes might fetch a better price post-holiday season. During off-seasons, consider lowering prices to clear inventory.

Common Pricing Mistakes on Poshmark

• Underpricing: Avoid this by researching similar sold listings thoroughly.
• Overpricing: Be cautious not to price much higher than competitors unless you have a superior product or brand.
• Ignoring fees: Always factor in Poshmark's 20% fee to ensure profitability.

Using Poshmark's Tools for Pricing

Leverage Poshmark's features like 'Offer to Likers' to boost sales. This tool allows you to send discounted offers to users who've liked your items, significantly increasing the likelihood of a sale.

Consider using the ListingGenie tool to craft compelling descriptions that justify higher prices. This can enhance your listing's appeal, particularly for high-value items.

FAQ: Pricing Shoes on Poshmark

• How should I price rare sneakers? Research similar sold items and factor in condition. Price higher if the sneakers are DS.
• Is it worth it to sell low-cost shoes? Yes, but be mindful of fees. Focus on high volumes and cross-listing.
• Should I offer free shipping? Consider offering it with higher-priced items to attract more buyers.
• When should I lower prices? Lower prices during off-seasons or if a listing stagnates for months.