Balenciaga Sales Stats on Poshmark
Current Balenciaga performance metrics on Poshmark (last 30 days)
- Revenue Rank: #49
- Total Revenue: $264759
- Items Sold: 1071
- Average Sale Price: $247
- Unique Sellers: 953
- Average Sales Per Day: 35
- Average Days to Sell: 44 days
How Balenciaga Performs on Poshmark
Last month, Balenciaga generated $264,759 in revenue from 1071 items sold, maintaining a rank of 49 among all brands on Poshmark.
Balenciaga holds a market share among the top 1000 brands on Poshmark, ranking 49th. This signifies a strong position when compared to the range of all brands available on the platform.
Comparing to the top 10 brands, Balenciaga's revenue is significantly lower than the average of $1,375,901.10 but showcases potential for growth within the luxury market on Poshmark.
| Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
|---|---|---|---|---|---|---|
| 46 | Torrid | $272432 | 13842 | $20 | 7713 | 39 days |
| 47 | Frye | $271911 | 3378 | $80 | 2839 | 17 days |
| 48 | On Running | $270148 | 4632 | $58 | 3557 | 18 days |
| 49 | Balenciaga | $264759 | 1071 | $247 | 953 | 44 days |
| 50 | Vans | $259496 | 10544 | $25 | 7978 | 67 days |
| 51 | Mother | $259098 | 3871 | $67 | 2976 | 15 days |
| 52 | New Balance | $251947 | 6386 | $39 | 5340 | 54 days |
Balenciaga Pricing & Sales Data
With an average price of $247.21, Balenciaga is positioned as a premium brand on Poshmark, significantly above the marketplace median sale price of $24. The pricing strategy reflects a targeted market towards luxury and higher-value items.
Balenciaga has an average of 43.54 days to sell, while Poshmark's overall average is around 83.68 days (2008.52 hours). Selling an average of 34.55 items per day suggests an active sales velocity, especially in the luxury segment where demand can fluctuate.
Within the same ranking range, Balenciaga competes closely with brands like Veronica Beard and Frye, which have higher revenue but lower average prices. This highlights a niche market for luxury items where Balenciaga can capitalize on broader market trends.
Balenciaga competition on Poshmark
Balenciaga has 953 unique sellers and showcases a competitive environment on Poshmark. The diversity of sellers may suggest varied pricing and selling strategies, impacting seller success rates and competition levels.
Most Successful Balenciaga Sellers
- shawni7 - Monthly Revenue: $2799.00
- tribute_2_style - Monthly Revenue: $2627.00
- a_hajjar - Monthly Revenue: $2550.00
Should You Resell Balenciaga on Poshmark? 👍
Balenciaga's unique positioning and strong average sale price make it an attractive option for Poshmark resellers seeking higher profit margins.
Typical sourcing costs for Balenciaga items can yield considerable ROI when priced accurately on Poshmark, factoring in platform fees and expedited selling through share strategies.
The main challenges include the high competition from other luxury brands and price fluctuations in the luxury market, as well as potential seasonal trends affecting item performance.
Tips for Selling Balenciaga
- Optimize listings with high-quality photos and detailed descriptions to engage Poshmark's buying audience.
- Leverage Poshmark's algorithm by actively sharing listings and participating in community events to enhance visibility.
- Price competitively compared to similar brands while ensuring profit margins are maintained.
- Stay informed about seasonal trends and adjust inventory and pricing strategies accordingly.
- Encourage customer engagement through communication and personalized service for improved review ratings.