How well Figs sells on Poshmark

Figs ranks 38th with strong sales performance due to a competitive price point, offering solid opportunities for resellers.

Rank #38 of 1000 $297,210 Revenue 5,506 Sellers Thumbs Up👍
Avg Sale Price
$30
Items Sold
9,941
Days to Sell
17 days
Market Share
0%

How Figs Performs on Poshmark

Figs generated $297,210 in revenue, selling 9,941 items. The brand is currently ranked 38th.

Figs stands firmly in the upper ranks among the 1000 brands tracked, holding the 38th position. This placement highlights its competitive market presence, especially when compared to other brands in similar ranking positions.

Figs’ $297,210 revenue is a fraction of the top 10 brands' average of $1,375,901. This gap highlights the potential for growth and signals room for expansion to match top-tier brands.

Price vs Market

125%

of median
Sell Speed

17

days avg
Platform avg: 84 days
Daily Sales Volume

321

per day
Platform avg: 52

Competitive Landscape

Rank Brand Revenue Items Avg Price Sellers Days to Sell
35 Levi's $352,489 14,149 $25 10,655 53
36 Michael Kors $350,374 9,142 $38 6,641 78
37 Everlane $305,338 8,564 $36 5,511 51
38 Figs $297,210 9,941 $30 5,506 17
39 Celine $296,695 1,168 $254 970 30
40 Dr. Martens $295,152 4,585 $64 3,955 12
41 Birkenstock $294,933 5,503 $54 4,276 18

Figs Pricing & Sales Data

With an average price of $29.90, Figs sits slightly above the platform's median sale price of $24. This positions Figs within an affordable, yet slightly premium price tier relative to the marketplace average.

Figs items sell in an average of 17.09 days, much faster than the marketplace average of 84 days. This quick turnover rate signifies a high demand, indicating effective inventory movement and reducing potential holding costs.

Unlike Michael Kors and Everlane with similar revenue, Figs maintains a keen focus on moderate pricing, making it more accessible. This focus differentiates Figs from the higher-priced ranks like Celine, balancing affordability and quality.

Figs Competition on Poshmark

The competitive environment is bustling with 5,506 unique sellers marketing Figs products. This intense environment suggests that sellers need to be strategic to stand out and capture buyers' attention.

5,506

Active Sellers

2

Avg Items per Seller

$54

Avg Revenue per Seller

Seller Revenue Distribution

The top 3 sellers control only 1.3% of the revenue, suggesting a diverse seller base. For new sellers, this implies plenty of opportunities to enter and secure a share of the market without large existing dominance.

Most Successful Figs Sellers

  1. @chelseajes - Monthly Revenue: $1,545
  2. @beandeals - Monthly Revenue: $1,137
  3. @roselelevich - Monthly Revenue: $1,088

Profit Analysis for Figs Resellers

After the typical $5.98 fee, resellers net approximately $23.92 on a $29.90 sale. If sourcing costs are kept under $10, sellers could aim for around a $13-$14 profit per item, offering a healthy margin.

Quick Profit Calculator

Based on average sale price of $30

Sale Price: $30
Poshmark Fee (20%): -$6
Shipping (paid by buyer): $0
Net Before Cost: $24

Profit depends on your sourcing cost. Aim to source at 25-40% of sale price for good margins.

Should You Resell Figs on Poshmark?

The brand’s quick sales rate, affordable pricing, and steady demand offer a solid opportunity for sellers looking to make reliable profits.

Profit Potential: Realistically, if sourcing costs hover around $10 per item, sellers can expect a net profit of about $13.92 per item. Selling 10 items a week could net approximately $139.20.

Risk Factors: The main challenge lies in the high level of competition and ensuring product authenticity. Seasonal demand changes could also affect sales consistency.

Reseller Rating
👍
Thumbs Up

Quick Tips for Selling Figs

Focus on sourcing items at $10 or less to maximize profit margins.
Target quick-selling items to maintain a fast turnover.
Develop unique listing descriptions to stand out among numerous sellers.
Regularly adjust pricing based on competitor analysis to stay competitive.
Ensure authenticity and condition of items to build a trustworthy reputation.

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