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How Knowing Your Numbers Equals More Profit for Resellers

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Manage episode 448472474 series 3533219
Content provided by Leah Hess. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Leah Hess or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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! ☺️

Become a Reselling Pro with Binin, the reseller Inventory app - 30 day FREE trial - www.Bininapp.com

Reseller Hub and Buy Bulk Inventory - www.readytoresell.com ~ Use code PODCAST to get $15 your first order and $5 Shipping!

New to Poshmark? Sign up now with my code READYTORESELL to save $10 on your first order. Download Poshmark Now - https://posh.mk/ZRTa2YmNaRb

New To Whatnot? Sign up now to save $15 on your first order! https://whatnot.com/invite/readytoresell

Want to start selling on Whatnot? Sign up here to get a faster referral to become a seller! https://whatnot.com/invite/seller/readytoresell

New to Mercari? Get up to $30 when you get started. Use code AXNDUB when you sign up with my link: https://merc.li/a3dDcqTJb

#ReadytoResell #Poshmark #Ebay #Mercari #Facebook #Whatnot #ResellingLife #InventoryManagement #Binin #reseller #momtrepreneur

  continue reading

65 episodes

Artwork
iconShare
 
Manage episode 448472474 series 3533219
Content provided by Leah Hess. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Leah Hess or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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! ☺️

Become a Reselling Pro with Binin, the reseller Inventory app - 30 day FREE trial - www.Bininapp.com

Reseller Hub and Buy Bulk Inventory - www.readytoresell.com ~ Use code PODCAST to get $15 your first order and $5 Shipping!

New to Poshmark? Sign up now with my code READYTORESELL to save $10 on your first order. Download Poshmark Now - https://posh.mk/ZRTa2YmNaRb

New To Whatnot? Sign up now to save $15 on your first order! https://whatnot.com/invite/readytoresell

Want to start selling on Whatnot? Sign up here to get a faster referral to become a seller! https://whatnot.com/invite/seller/readytoresell

New to Mercari? Get up to $30 when you get started. Use code AXNDUB when you sign up with my link: https://merc.li/a3dDcqTJb

#ReadytoResell #Poshmark #Ebay #Mercari #Facebook #Whatnot #ResellingLife #InventoryManagement #Binin #reseller #momtrepreneur

  continue reading

65 episodes

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