Loss Leader Strategy: How Free Giveaways Can Boost Your Poshmark Profits

Ready to take your Poshmark business to the next level? In this episode of Ready to Resell, Leah and Kayla dive deep into the psychology of loss leaders - a powerful pricing strategy used by major retailers that you can adapt for your Closet. Learn how strategically pricing certain items below market value can attract buyers and increase your overall sales. Plus, discover the brand new Poshmark giveaway system that's helping sellers build loyal followings and drive consistent engagement. We'll share real examples, common pitfalls to avoid, and a step-by-step framework for implementing these strategies in your own business. Whether you're a new seller or a seasoned Poshmark veteran, this episode will give you actionable tactics to grow your sales while building a stronger community of repeat buyers.