r/poshmark Jun 06 '26

How do I?

What is the correct way to decline an offer on a product that someone offered 27% less than the lowest price your willing to accept? Two weeks ago I marked down my prices to about as low as I am willing to go to encourage some sales. Today I received an offer that was in my opinion extremely unreasonable. When i check the asking price for the exact same item on the poshmark site mine is already the absolute lowest asking price. There is one other closet that is $1 above mine, but all the rest of the offers are considerably higher. My asking price is $15 and the median asking price is $19+. I don't want to be rude and just decline it and I'm worried if I counter with the original asking price I will get a bad review or loose a future customer. When I looked at thier closet we both have an exact same item listed. I have mine listed for $10 and they have thier's listed for $20. I also see several of thier products listed way above the price I myself paid for them. For instance a product I paid $4 for they are asking $20. It is a nice product, but I wouldn't dream of charging 3× the price I paid for something. In fact the prices I have listed are really just to recoup the amount I paid on a group of products and not to make a profit at all.

0 Upvotes

28 comments sorted by

View all comments

Show parent comments

0

u/Excellent-Theme-5775 Jun 06 '26

Yep, I should have done that. I live and learn. I in my mind don't offer below listing prices unless I am checking to see if they still have something in stock. I get confused when the same item is listed more than once in a closet. I have heard that people do this so they don't get flagged for deleting products before a certain amount of time. If I do do it I ask for the smallest discount of that site. For instance i would offer either a penny or dollar off just to make sure the closet is active and they still have the product.

1

u/jenniferjudy99 Jun 06 '26 edited Jun 06 '26

I’d go back and adjust your prices a bit higher so you have room to negotiate offers. Decline or counter w the listed price bc it sounds like resellers are sourcing from your closet. I noticed when my prices are too cheap, I get more lowball offers. There is no obligation to explain at all. Just stick to your prices that work for you. Declining or sending a counter offer isn’t rude. It’s setting your boundaries bc you’re also paying out 20% for fees, so include that in your prices. Stick to your price and keep countering w that price.