If there was one word I could remove from the Poshmark vernacular it would be “lowball.” As in, lowball offer.
I hate it, it makes my skin crawl. It’s not the meaning behind it that I despise (although we all cringe at $5 offers on our designer jeans) but the word itself… it’s overused, but for a good reason.
I will explain two major ways that “lowball” offers are given in case you have not experienced one before, or if you are a buyer and not a seller.
Examples of the dreaded Lowball Offer
- You have a Wildfox baggy jumper listed at $90. You originally paid $138 and you only wore it 3 times. Sure, you would love $90 for it, but would feel good about $75-80.
Then you get that single word comment on your post that says “20?”… you immediately pour a glass of wine.
- You list a pair of Toms shoes (of course you did- who actually likes Toms???) that you never wore… You list them at $35. You are SO EXCITED to get the alert that someone actually used the OFFER feature!!! Only to find that they offered $5.
***Editors note to Newbies: A reasonable offer is typically no more than 10-15% less than the asking price- of course that varies by closet.***
As much as it infuriates the seller and they WANT to tell you how insulting they find your offer and explain exactly what you can do with it and your virtual 5 dollar bill… I am going to have to defend the Posher with the low offer!
Don’t hate me, I will explain.
Few people on Poshmark are actually trying to make you upset.
Consider what could be going on…
- Someone on a budget finds the sweater they have always wanted and only has $20 to spend, what is the harm of throwing it out there? The worst that can happen is someone says no!
- The potential buyer doesn’t know the fine art of negotiation and says $5 in hopes that you will come back with $28 and she will have just saved $7 on those lovely Toms!
Look past what is happening and determine what you want as the end result.
Buyer 1: Explain that you use the offer feature only and ask that he/she submit the offer there
Buyer 2: Simply counteroffer with an amount that you would take even if you are closer to your listed price and FAR from hers. You never know! What is the worst that could happen? You could actually make a sale!
Some advice for the Lowballer…
If you choose to comment on a listing, fight the urge to comment only in dollars (i.e. ’20?’), it will go over much better with the seller (and may even be considered) to say something along the lines of “Hi, I know you have this listed at $90, I can offer $20 today, thank you for your consideration!” Acknowledge the seller, state your intent, thank them for their time. For best results, combine this comment with an official offer using the offer button.
Happy Low Balling!