How well Versace sells on Poshmark

Versace ranks in the top 62 brands, boasting $229,155 revenue last month. Key insights for resellers aiming to boost sales in luxury categories.

Rank #62 of 1000 $229,155 Revenue 1,107 Sellers Thumbs Up👍
Avg Sale Price
$158
Items Sold
1,451
Days to Sell
22 days
Market Share
0%

How Versace Performs on Poshmark

Versace achieved $229,155 in sales with 1,451 items sold last month. It stands at rank 62 among tracked brands.

Among 1,000 brands, Versace holds a solid position at rank 62. It competes closely with other luxury brands, indicating a strong market presence. This places Versace in a challenging yet prestigious league.

Generating $229,155, Versace lags behind the top 10 average of $1,375,901. This gap indicates room for growth but underscores its success in maintaining a high price point.

Price vs Market

658%

of median
Sell Speed

22

days avg
Platform avg: 84 days
Daily Sales Volume

47

per day
Platform avg: 52

Competitive Landscape

Rank Brand Revenue Items Avg Price Sellers Days to Sell
59 Jordan $235,726 4,348 $54 3,162 9
60 Alice + Olivia $235,382 2,835 $83 2,392 116
61 Dooney & Bourke $229,268 3,947 $58 2,754 11
62 Versace $229,155 1,451 $158 1,107 22
63 Old Navy $223,372 17,939 $12 12,819 70
64 Skims $217,400 6,838 $32 3,598 29
65 Lauren Ralph Lauren $214,292 6,856 $31 5,542 90

Versace Pricing & Sales Data

Versace's average price of $157.93 is significantly above the platform's median of $24. This positions Versace firmly in the luxury segment, appealing to buyers seeking high-end products.

Versace products typically sell in 22.15 days, much faster than the platform's average of 84 days. This quick turnover suggests robust demand and efficient inventory movement for sellers.

Surrounded by brands like Alice + Olivia and Dooney & Bourke, Versace stands out with fewer items sold but at a premium price point. This distinction highlights its luxury appeal compared to broader market brands.

Versace Competition on Poshmark

With 1,107 sellers, the competition is fierce. Yet, this extensive network reflects the brand's appeal to resellers eager to capitalize on its luxury status.

1,107

Active Sellers

1

Avg Items per Seller

$207

Avg Revenue per Seller

Seller Revenue Distribution

The top 3 sellers account for 15.9% of revenue. With an average revenue of $207 per seller, newcomers can find opportunities but must work harder to stand out.

Most Successful Versace Sellers

  1. @ellesluxury4u - Monthly Revenue: $20,006
  2. @nari_lux_sneakz - Monthly Revenue: $9,224
  3. @cynthia66 - Monthly Revenue: $7,221

Profit Analysis for Versace Resellers

After a $31.59 fee on a $157.93 sale, sellers must consider sourcing costs to ensure profitability. If buying items at $70, this leaves room for a decent net margin.

Quick Profit Calculator

Based on average sale price of $158

Sale Price: $158
Poshmark Fee (20%): -$32
Shipping (paid by buyer): $0
Net Before Cost: $126

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

Should You Resell Versace on Poshmark?

Versace offers strong sales potential with quick inventory turnover and significant revenue opportunities.

Profit Potential: Buying at $70 and selling at $157.93 allows for solid profits after fees. Sellers can expect net margins of around $56 per item.

Risk Factors: Key challenges include intense competition and ensuring product authenticity. Sellers should also be wary of fluctuations in seasonal demand.

Reseller Rating
👍
Thumbs Up

Quick Tips for Selling Versace

Source authentic Versace items at lower costs to maximize profits.
Focus on luxury niche, improving product descriptions and photos.
Monitor market trends and adjust listings for seasonal demand.
Build a strong seller rating by ensuring customer satisfaction.
Collaborate with fellow sellers for cross-promotion opportunities.

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