I’m at the point that before I mark my items down, I first create a fresh listing of the item I intend to mark down and then I relist it with the intended clearance price. Sounds crazy, right?
I don’t know what everybody else’s definition of “Predatory Buyer” is but mine is this; a potential buyer, be it a cutthroat reseller or just a regular bargain hunting shopper who has the patience of a saint and will “like” or bookmark your items so that they will be notified of changes you make to your prices. It’s not a bad thing to shop the sales, it’s actually very smart. What makes me frustrated enough to block these shoppers is not their intelligent shopping habits, it’s when they add insult to injury by sending lowball offers on top of the discount that’s already posted. I feel like crying every single time it happens. Imagine a corporate CEO crying when things get tough. That image is the one of the things that helps me pull myself together. The fact is, this is business and there’s no crying in
It gets me every time, “the bottom scrapers”. I know it’s counterproductive to #1) call them that and #2) allow it to get under my skin but this I feel a punch in my gut when resellers bookmark items as a form of gambling. They know the resale value of an item and play the wait and see game i.e. “How many times will this garment be marked down before someone buys it, and even if it’s a steal, I’ll still wait it out (that’s the gamble) because if I can get it for X percentage, my profit will be HUGE”! As I’ve said, it’s very smart, but that doesn’t mean I’ll be quick to bait the hook because I’m on the receiving end! I’d rather create a fresh listing and have a regular bargain shopper stumble on a lucky deal. They are much more appreciative and are less likely to troll you after the sale or nix your feedback rating for the purpose of one upmanship. Truth be told, the reason reseller gambling gets my goat is because I know of many of them, on a different level. These are the sellers who started eBay with me back in the early 2000’s when eBay was doing it’s uphill climb. I was listed in Terapeak as one of eBay’s Top 5 clothing sellers which made me a target. There were other factors at play there which I am unwilling to discuss at this time but to say it doesn’t still haunt me to this day would be a lie. I feel sometimes that even though I’ve been knocked back down to the bottom (mostly at my own hand for not biting back), I’m still a target. My greatest revenge can only be to get the crown back. It may be impossible and it will certainly take more investment than I currently have but in this case I’m hoping slow and steady will win this race.
It sounds mean spirited but I’m going to say it anyway. There is a special place in hell for the reselling buyers I’ve described. Stalking new Poshmark sellers knowing that eventually all new sellers must give in and lower their prices waaay lower than they should for no other reason than they don’t have a following yet makes me see them as opportunists. Damnit it’s so smart! It sucks to admire their tenacity when I’m feeling so bitter for justifiable reasons that exist only with me, and the fact that I know I can do better than this.
I’m a new Poshmark seller and my philosophy is that in the first year or two, I won’t be turning much of a profit. It’s very difficult for a new seller to meet market prices and I will be caught in the lowball cycle until I’m able to pave my way through the in’s and out’s of what today’s resale business has become. I fell out of this business for 10 years and I know that it’s a much bigger beast to conquer today than it was 10, 15 and 20 years ago. It requires much harder work, much more money than I currently have access to and it requires an incredible amount of fortitude in a viciously saturated market. As I rack my brain learning the do’s and don’ts and imagining ways to make myself stand out from the crowd, I get overwhelmed… but not enough to give up. I know eventually I will be standing in the right place at the right time, doing exactly the right thing and eventually I will have my own big little corner in the ecommerce world where I will once again polish my tiera without being smug. It just takes time… and persistence.
I wish I named my Poshmark store “Persistence” because when I start feeling frustrated by slow progression it would be nice to have that visual reminder every time I log in and see my closet name in bold letters across the top of the page. I feel frequently like I want to give up but I also know that when I compare the results of my hard work against other new sellers, my position is not all that bad. I’m doing well but seeing that I am impatient, I’m pushing myself harder and further than the average entry level Posher. I’m thankful for what I have accomplished to date and I force myself to dust off my ability to redirect frustration into gratitude and a willingness to overcome the challenges. I’m up to it.
This is my Poshmark Closet If you aren’t thoroughly disgusted my my attitude, feel free to send me a comment, shop and share.