Here we go again - Leah and Kayla tackle the 3rd (and final) episode of Poshmark Analytics. As you can see, this is a HUGELY important topic to understand in order to grow your reselling business!
By analyzing data, resellers can identify their best-selling products, understand buyer behavior, optimize pricing, and make data-driven decisions to grow their online businesses. They can spot seasonal trends, understand which marketing tactics are working, and find opportunities to improve the customer experience.
Some of the key order insights you can gather from Poshmark analytics include:
Order volume by day, week, or monthAverage order valueConversion rate (percentage of visits that result in a sale)Top selling itemsBuyer demographics like location, age, and purchase historyLooking at sales insights, Poshmark provides data on:
Sales trends over timeInventory performance, including sell-through ratesPricing and markdown analytics to optimize your listing pricesShipping and fulfillment metrics like average fulfillment timeTune in to learn and grow your online reselling business!
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