Thanks to the increasing popularity of reselling, it’s easier than ever to start your business –no matter how big or small. Check out today’s top online marketplaces for resellers, with resources to grow your business and access to nationwide and global customers at your fingertips.
eBay
eBay is a global leader in e-commerce, connecting buyers and sellers in more than 190 markets around the world. New resellers often begin their journey by using eBay to sell items they’ve sourced locally or have around the house. But the savviest resellers use BULQ on eBay to expand their inventory selection. This exclusive partnership allows resellers to purchase lots from BULQ and use eBay’s relisting tool to seamlessly create new listings. eBay also protects its sellers with policies, transaction monitoring, and data systems, so you know your business is safe. However, like many of the best places to sell online, there are fees to keep in mind, including an insertion fee and a final value fee when your items sell. A perk to using this platform though is that there aren’t any setup, monthly, or annual fees, allowing you to keep more cash in your pocket.
Poshmark
Poshmark is one of the largest marketplaces for fashion, enabling anyone to buy, sell, and share their style. The mobile app has an easy-to-use interface so clothing, shoes, accessories, and more can be put up for sale in no time, plus its free to upload listings. Since many designer brands are sold on this platform, Poshmark provides “Posh Authenticate” on all items above $500. This helps guarantee that all luxury items are legitimate, and the process protects both the seller and buyer. If Poshmark seems like a good fit for you, keep in mind that there are selling fees. Poshmark takes a flat commission of $2.95 for sales under $15.00. For sales of $15 or more, you keep 80% of your sale and Poshmark’s commission is 20%. So, consider these fees when determining your listing prices and profit margins for this marketplace.
Facebook Marketplace
Facebook Marketplace is essentially an online flea market or yard sale, but it’s rapidly growing in popularity among the reselling community. This platform is perfect for resellers looking to 1) move heavier items that are too expensive to ship, or 2) sell locally to avoid shipping costs altogether. Putting items up for sale doesn’t cost anything unless you choose to reach more audiences and promote your listings using the Ads Manager tool. And while Facebook Marketplace doesn’t charge for each listing, there are fees for sales. The selling fee is 5% per shipment or a flat fee of $0.40 for shipments of $8.00 or less. You keep the rest of your earnings.
Depop
Depop is a newer and more niche marketplace, focused on clothing from both small independent brands and designer labels. This platform has higher standards, but this is a mutual benefit to sellers and buyers as higher ticket items are more likely to be available and purchased. If you’re interested in building your unique brand image on Depop, be sure to check out their seller guidelines for a few easy steps to success. Communication, fast shipping, and descriptive listings are key. Similar to other reselling marketplaces, Depop also offers seller protection on sales that fall under their coverage plan. And while there aren’t any listing or subscription fees, sellers should be aware that there’s a flat 10% fee on every item sold. If this platform interests you, Depop has tons of seller tips to help guide you to success.
All businesses – big and small – want to get noticed, so it’s important to try out a few of the top online marketplaces for resellers and see what works best. As you just read, each platform offers its own benefits and drawbacks, so keep them in mind as you start or continue to grow your online business.
Check out these additional resources:
- Listing Requirements Across Reselling Platforms
- How to Cross-List Across Reselling Platforms & Drive Sales
- What it Costs to Sell on 5 Online Marketplaces
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