I was not around in the Poshmark world when shipping was $6.99… I joined just after it had been drastically dropped to $4.99 for packages less than 5 lbs.
Sounds pretty reasonable right?
Ever since Poshmark has spoiled us with 0.99 promotional shipping… things seemed to have changed… shifted.
Have you experienced this scenario?
- Posher is interested in your item… asks for it to be modeled… You model. Then she asks for measurements… you measure. She asks if you will take less… you discuss a deal. Then she says, “Do you mind holding this until the next 0.99 shipping day???”
Or maybe this one…
- You have item listed at $40.00. Posher asks, “Will you take $15???” You reply, “No, sorry that is too low.” She comes back with “But if I pay $15 plus $4.99 shipping then I will still be paying $20!”
Yes dear, you think to yourself, that is how math works.
Now, I certainly do understand a budget… and I am not referring to those of us who need to stick to a dollar amount for this week’s outfit addition. I am referring in this post to the mentality that $4.99 shipping is a rip-off.
It’s a hard pill to swallow when sites offer free shipping. Every company these days offers free shipping when you spend a certain amount… why can’t Poshmark offer it on a consistent basis too???
I do not know the financial business model for Posh nor is any of my opinion based on actual behind the scenes knowledge.
But I do know my basic math.
Let me explain how I see it….
Have you ever checked out your favorite retailer’s shipping charges when they are not having a promotion?
This morning I went to the Victoria’s Secret site and added a $10 lip gloss to my cart, then proceeded to check out. Standard shipping was $5.99 and I would receive within 4-7 business days. To make it “3rd Business Day” to compare to Poshmark… I had to add an ADDITIONAL $7.99 and don’t forget the tax! My $10.00 lip gloss became $25.42!!! I abandoned my cart.
Yes, “Vicky’s” has shipping promos on occasion… today was the last day for free standard (4-7 business days) on orders over $25.00.
Have you tried to ship a package on your own?
I live on the East coast and I looked up pricing to ship a package to San Francisco with 2-day Priority Shipping.
For 1 lb it was $6.41
For 5 lbs it was $18.87
Mind blowing!!! Do you realize that $4.99 with Poshmark is for 1-5 lbs??? Insanity!
Talk about a great deal! I am happy they have a deal with the post office!
Now, I totally get it that when you are buying a $5.00 t-shirt you don’t want to double the price. It makes much more sense to wait for the 0.99 promo shipping.
Let’s work on the math:
Posh keeps $3.05 “commission”
Posh gets 0.99 for shipping
Posh pays $4.99 in actual shipping charges (that’s if they do not receive an additional discount, I have no clue)
3.05 + 0.99 = 4.04 – 4.99 = (0.95)
Poshmark just LOST 0.95 on that t-shirt you bought! If everyone did this- how would they pay employees??
Anyway, I know that is an extreme case… and please remember that I have ZERO knowledge on the price structure of Poshmark’s shipping and their cost basis. BUT, I do know what’s on my receipt when I make a Posh purchase!
I say this all only to make the point that maybe, just maybe, that $4.99 shipping is a STEAL and we should all go and make a few purchases today 🙂
What do YOU think about Poshmark’s shipping and promo prices? Does promotional shipping make you shop more? Would love to hear what you think!