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SAVING YOU MONEY: Closet Money

Updated: Tuesday, November 12 2013, 11:52 PM CST
SAVING YOU MONEY: Closet Money

Stacy Case
Brentwood
 
  Most of us women have clothes in our closet we no longer wear.   I found a Brentwood woman who's has joined millions of others across the country to turn their things into cold hard cash.   In an easy to use, online consigment app, called Poshmark
   Brenda Edmondson keeps her "Posh" closet on the web in the virtual consignment shop that's never closed.  
   With a makeshift studio set up in her bonus room,  Edmondson pops a picture of the item she wants to sell and  posts it to the app.   Edmondson's turned stuff she and her friends aren't using into thousands.  "I've sold about $6k worth of inventory."
   The Brentwood mom says she stumbled upon Poshmark almost by accident after achieving major weight loss which meant she needed to take clothes that were too big out of her closet.
     The free app is only a couple of years old, but already it generates a million dollars worth of inventory for its users every day.
      Poshers, as they're called like Edmondson generate the inventory. There are no listing fees and exponential sharing on social media platforms makes it lucrative.   Poshers describe it as a consignment store with all the widespread perks of Facebook.   
  Edmondson just puts the item in a free box from the post office. Poshmark sends her the prepaid label via email.   It's a great way to make money for Christmas gifts and to pay bills.
   Once the transaction is complete, Poshmark sends the posher 80 percent of the purchase price.  Poshmark gets 20 percent.  The app is available for apple and android products.SAVING YOU MONEY: Closet Money


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