
Online peer-to-peer marketplace Poshmark broadcasts its landmark crossing of US $ 1 billion profits made by its four million Seller Stylists.
The social e-commerce firm has shared that in the last five years, they have witnessed tenfold growth in terms of merchandise sales and revenue.
Manish Chandra, Founder and CEO, Poshmark explained, “Our Seller Stylists have redefined the fashion landscape by leveraging social selling to build a community cantered on style and sharing.”
Founded in 2011, the Poshmark business model thrives on enabling any and every one in not just sharing their sense of style on its platform but also leveraging this social media reach by letting them buy and sell products in the same place.
This means that everyone retailing on the site is a ‘Seller Stylist’ who curate looks for customers, this can people selling items from their own closet, boutique owners and small brands that have begun distributing on the site’s Wholesale Portal.
Suzanne Canon, Poshmark’s first Seller Stylist to attain the US $ 1 million mark says, “Thanks to Poshmark, I’ve turned my love for fashion into a seven-figure business because the model enables me to get to know my shoppers on a personal level resulting in a loyal community of shoppers that can’t be found elsewhere.”
The reason behind Poshmark’s relatively fast growth is that they have built an entirely self-sufficient retail ecosystem. With initiatives like ‘Posh Parties’ and other physical events, the company merges the digital experience with the physical world.
Over time, the company has created an online space where a user spends approx. 25 minutes/day, uploading around US $ 100 million worth inventory in a week, leading to the curation of a whopping 14 million items every day!
The retail creative boasts of making a sale per second as shipping is available to more than 70 % of the United States.






