Balmain Sales Stats on Poshmark
Current Balmain performance metrics on Poshmark (last 30 days)
- Revenue Rank: #267
- Total Revenue: $53719
- Items Sold: 305
- Average Sale Price: $176
- Unique Sellers: 275
- Average Sales Per Day: 10
- Average Days to Sell: 109 days
How Balmain Performs on Poshmark
In the past month, Balmain achieved total revenue of $53,719 from 305 items sold, holding the rank of 267 among all brands on Poshmark.
Balmain ranks 267 out of approximately 1000 brands on Poshmark, capturing a small segment of the marketplace with a market share percentage reflective of its niche positioning among high-end brands.
Balmain's revenue of $53,719 is significantly lower than the top 10 brands' average of $1,375,901.10, indicating growth potential in prestige categories on Poshmark. This brand can leverage its luxury status against top market brands to attract a specific audience segment looking for exclusivity.
| Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
|---|---|---|---|---|---|---|
| 264 | Puma | $54337 | 2179 | $25 | 1999 | 22 days |
| 265 | Lularoe | $54267 | 3812 | $14 | 2146 | 90 days |
| 266 | Sherri Hill | $53766 | 377 | $143 | 334 | 126 days |
| 267 | Balmain | $53719 | 305 | $176 | 275 | 109 days |
| 268 | Pottery Barn Kids | $53438 | 1506 | $35 | 1294 | 21 days |
| 269 | Michele | $53371 | 222 | $240 | 203 | 119 days |
| 270 | Bed Stu | $52842 | 640 | $83 | 558 | 55 days |
Balmain Pricing & Sales Data
With an average price of $176.13, Balmain positions itself as a premium brand on Poshmark, significantly higher than the overall marketplace median sale price of $24. This pricing strategy appeals to a specific segment of Poshmark's audience seeking luxury and designer items.
Balmain has an average days to sell of 109.46 and average sales per day of 9.84. This is notably slower than the overall marketplace average of 2008.52 hours to sell, indicating that while the brand sells fewer items daily, it holds value for the right buyers, potentially due to its higher price point.
Balmain's performance is within close range to neighboring brands like Sherri Hill and Adidas Originals. While Sherri Hill shows slightly higher revenue with lower prices, Balmain stands out with a high average sale price, suggesting potential for higher margins if marketed effectively.
Balmain competition on Poshmark
Balmain has 275 unique sellers on Poshmark, reflecting a healthy competition level among resellers. The relatively high number of unique sellers can lead to varying success rates, emphasizing the need for effective listing strategies and visibility.
Most Successful Balmain Sellers
- jessicamark - Monthly Revenue: $1500.00
- issanett - Monthly Revenue: $1200.00
- lalanaenae - Monthly Revenue: $1200.00
Should You Resell Balmain on Poshmark? 👍
Balmain's strong average price suggests a lucrative opportunity for Poshmark resellers targeting luxury buyers. However, the slower sales velocity necessitates a strategic approach.
The typical sourcing costs for Balmain items are often eclipsed by Poshmark's sale prices, allowing for favorable returns despite platform fees. With a focus on quality listings and active engagement, resellers can benefit from good ROI.
Competitive pressures from both similar high-end brands and mass-market alternatives may limit growth. Additionally, the slower selling speed could tie up inventory and reduce cash flow for resellers.
Tips for Selling Balmain
- Enhance listings with high-quality photos and detailed descriptions to attract interest from luxury buyers.
- Utilize Poshmark's social features by actively sharing listings and participating in Posh Parties to boost visibility.
- Monitor pricing trends closely and adjust prices based on seasonal demand to maximize profit margins.
- Engage in targeted outreach to potential buyers through offers and bundle discounts to enhance sell-through rates.
- Leverage social media platforms to drive traffic to Poshmark listings, emphasizing the luxury appeal of Balmain.