Did you know that there’s a whole set of tools that Poshmark gives you to help you sell? They’re sitting right on your home screen and you might not have never even noticed them. The app actually generates an inventory and sales report for you to download whenever you’d like. The seller tools are called the My Seller Report and My Inventory Report, and they’ll help you dive into the numbers of your Poshmark business. If you use them correctly, they can take your business to the next level.
When you’re starting off or are a seasoned seller, Poshmark gives you the tools you need to succeed. For some odd reason, the brand just doesn’t make them super obvious. The My Seller Report and My Inventory report are hiding in the “order activity” section of your Poshmark page and can be accessed at any time. Both are downloads that will be emailed to you, so you can save and scour through them at any time. Each of the seller tools will help you get better acquainted with the numbers side of your business.
These seller tools are important because they do the hard work for you.
Instead of creating an inventory or sales sheet of your own, Poshmark does it for you. If you’re just starting off selling, this is a great way to see how much money you’re actually making. It’s also equally as great if you’re a seasoned seller. You can compare your numbers to Poshmark’s and see if they add up. It will also give you some insight into numbers that you might not be tracking, like discounts you offer and sales tax.
To get these seller tools, go to your Poshmark page. Click your profile photo in the upper right-hand corner of the screen, and go to “order activity.” You’ll see the My Sales Report and My Inventory Report on the bottom left-hand side on the menu. From there, you can email them to yourself and download them to your computer. You can access these as many times as you want throughout the entire year. There is no limit to how many times you can download. You can also change the dates to see the year, month, or even the week you want.
While I highly suggest having your own set of inventory and sales reports, this is a great starting off point. You can even take these numbers and copy and paste them into your own spreadsheet to start from there. The data on the reports can be super overwhelming to look at, so you might just want to pick and choose what you keep track of.
Whether you have your own inventory and sales sheets or not, there is a ton of really great date hiding in these seller tools. Here’s a breakdown of each one and some of the best sections to look at, so you can know your business a little better.
My Seller Report
What it is: This document keeps track of every single item you’ve ever sold. It also tracks every single bit of data from that sale, including what it sold for, the percentage Poshmark took from you, who the item sold to, and when it sold. It even goes as far as to show you the sales tax that the buyer was charged.
Why it’s important: It gives you insight into how much you’re making on Poshmark. Redeeming the money you make is always fun, but this is a ways to know exactly how much you’ve made on Poshmark this week, month or year — down to the very penny.
Data to look at: Obviously, it’s important to look at how much you’re making on the app. But it’s also important to see what you’re doing that led to the sale. While you can’t see everything, like comments, you can see what discounted shipping rate does the best for you. You’ll also be able to see how much your spending on the items that you sold, so you can see how much net profit you’re making, instead of just straight sales.
My Inventory Report
What it is: This sheet will give you a reading of every item that you have listed for sale on your Poshmark page. It dives even deeper than just the name and price of the item though. You’ll be able to see the price you paid for it and when it was listed as well.
Why it’s important: This gives you an idea of what you have available to be sold. It’s not just important to look at what’s not selling as it is to see what is selling. You can use this information to run sales, see what items you need to stock up on, and how much you really have available.
Data to look at: Looking at this sheet will give you an idea of what brands and styles aren’t working for you. One scroll through and you’ll know which items to avoid when you’re out sourcing, as they might not be great sellers for you. Another helpful part of the data is the the date that you listed an item. This is a great way to see which items to try relisting.
I hope this little breakdown helps you grow your business. It’s a great way to take a deep dive into the numbers of your business, see what’s working for you, and help you start an inventory and sales sheet of your own.