How Knowing Your Numbers Equals More Profit for Resellers

Here we go again - Leah and Kayla tackle the 3rd (and final) episode of Poshmark Analytics. As you can see, this is a HUGELY important topic to understand in order to grow your reselling business!

By analyzing data, resellers can identify their best-selling products, understand buyer behavior, optimize pricing, and make data-driven decisions to grow their online businesses. They can spot seasonal trends, understand which marketing tactics are working, and find opportunities to improve the customer experience.

Some of the key order insights you can gather from Poshmark analytics include:

• Total orders received
• Order volume by day, week, or month
• Average order value
• Conversion rate (percentage of visits that result in a sale)
• Top selling items
• Buyer demographics like location, age, and purchase history

Looking at sales insights, Poshmark provides data on:

• Total sales revenue
• Sales trends over time
• Inventory performance, including sell-through rates
• Pricing and markdown analytics to optimize your listing prices
• Shipping and fulfillment metrics like average fulfillment time

Tune in to learn and grow your online reselling business!

 

Happy Reselling! ☺️

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