Cashing In On Your Closet!

By Cathie Anderson
The Sacramento Bee.

WWR Article Summary (tl;dr) This article takes a look at “Poshmark” a website where sellers can create a “closet” where they sell clothing, accessories and shoes from their own wardrobe.  For one Sacramento mom of two who was struggling with how to re-enter the workforce, Poshmark has been a perfect fit.  In addition, the company is now empowering women through its women entrepreneurship fund to support budding entrepreneurs.

The Sacramento Bee

After getting her two boys launched successfully into elementary school, Lucy Albrecht struggled to find the right way to re-enter the workplace because she wanted to be present with them before, after and occasionally during school hours.

Then, quite by accident, she discovered a website called Poshmark.

“When I was looking to go back to work, I happened to come across an article, a woman’s story of her success with Poshmark,” Albrecht said. “She was selling her clothes, and she was making something like $5,000 a month. … The more I checked into it, the more I thought this is really great.”

At Poshmark, sellers can create a “closet” where they sell clothing, accessories and shoes from their own wardrobe.

Albrecht’s closet, which she opened in June, includes gently worn apparel from Ann Taylor, INC, Nike and Mossimo.

Shoppers purchase the clothing and pay a flat shipping fee of $5.99 for packages that weigh less than 5 pounds.

Poshmark recently selected Albrecht as one of 50 women from across the United States to receive a $500 microgrant from its 2016 Fashion Entrepreneurs Fund. They can use the money to invest in buying wholesale merchandise to expand their e-tail businesses.

Since opening her Poshmark closet, known as Linensbylucy, Albrecht said, she has made only 35 to 40 sales, but she’s not discouraged. She attended workshops at an event called PoshFest last November in San Francisco, she said, and she learned there that it’s not uncommon to start off slowly.

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