What Does NWT Mean on Poshmark?
If you've ever browsed an online marketplace platform like Poshmark in search of a wardrobe refresh or listed an item to sell, you might have encountered the acronym "NWT." But what does NWT mean on Poshmark and how does it affect reselling and buying? Let's find out.
What Does NWT Mean on Poshmark and Its Significance in Online Selling
The NWT meaning on Poshmark is quite straightforward - it's the abbreviation for "New With Tag." It indicates that an item is brand new and still has its original tags, suggesting it has never been used.
This designation is not just a marker of freshness but also a badge of authenticity and quality assurance. It assures buyers that they are purchasing something in mint condition. And this is quite important in a platform like Poshmark because here you can find both vintage items and brand-new ones.
Why Do Resellers Prefer This Tag on Their Listings?
Although more than 40% of Gen Z nowadays prefer selling and buying used stuff online on platforms like Facebook Marketplace, Depop, and Vinted, there's still the urge to buy new items, especially clothes. That's why if you're becoming a reseller, you need to know that listing items as NWT offers more than just one advantage:
- Higher item value - Buyers are often willing to pay a premium for brand-new items with tags, as they are perceived to be of higher value compared to used items.
- Increased trust and credibility - People tend to put more trust in Poshmark resellers who offer new items, assuming they maintain high standards of quality and authenticity.
- Competitive advantage - In a crowded online marketplace, having NWT items can set a reseller apart from competitors.
- Ease of listing - Listing NWT items can be simpler because the condition is clearly defined. There is no need to elaborate on wear and tear, making the listing process more straightforward and less time-consuming.
- Reduced returns - Buyers are less likely to return NWT items as they are aware of the condition upfront. This can lead to fewer disputes and a smoother selling experience.
Buyer Benefits - Beyond the Tag
From a buyer's perspective, purchasing items with this tag means enjoying the feel of brand-new products without stepping into a store. Here are other advantages you should promote and make sure potential buyers become regular at your shop:
- Authenticity is guaranteed - Shopping for items with this tag means they're getting the real deal - brand new and unused, which lowers the chance of buying counterfeit goods.
- Pristine condition - Items with these are just like what you’d find in stores, untouched and perfect.
- Save money - Although they’re new, these things on Poshmark often come with a lower price tag than in stores.
- Varied selection - Whether it’s clothes, gadgets, or home goods, there’s a wide variety of NWT items to choose from.
- Eco-friendly choice - By buying NWT items on resale platforms like Poshmark, you’re shopping sustainably, helping to reduce waste and promote the reuse of products.
Best Practices for Selling NWT Items
Knowing how the platform works for resellers is a must. That way, you'll make money and boost your e-commerce business. Did you know that Poshmark has facilitated over $8 billion in transactions since its inception? So, no wonder why it's one of the best platforms for resellers. But, if you're still not sure how to successfully sell NWT items, check out the following step-by-step guide to succeed in e-commerce.
Provide Accurate Descriptions
Provide detailed and honest descriptions of the items you're offering. It's one of the best pieces of advice for selling on Poshmark. So, include information about the brand, size, material, and any other relevant details.
Take High-Quality Photos
There's nothing worse than having a top-notch piece but not having the picture to prove it, right? So, use clear, high-resolution photos that clearly show the item and its tags. Multiple angles and close-ups of the tags can help reassure buyers of the item's authenticity. If this makes no sense to you, make sure to check out the video below and learn how to take professional photos of your items from home.
Set the Competitive Pricing
Research similar items with these tags to set a competitive price. While you may command a higher price for new stuff, it’s essential to remain competitive to attract buyers. Keep in mind how much the platform takes and all the fees you have to cover.
Offer Prompt Communication
Being there for the customers is what will set your shop apart from others. Be responsive to buyer inquiries and try to provide excellent customer service. Quick and polite communication will eventually lead to positive reviews and repeat business.
Ensure Efficient Shipping
Ensure prompt and secure shipping, too. Using reliable shipping methods and providing tracking information can enhance buyer satisfaction. Did you know that 98% of online shoppers claim that a delivery experience affects their brand loyalty? So, make sure to learn how shipping works on this and other platforms you're selling on - whether it's eBay, Asos, Shopify, or Etsy.
Partner With the Best Cross Listing Software and Expand Your eCommerce Business
NWT label on Poshmark not only ensures quality and satisfaction but also supports sustainable fashion practices. To streamline the online selling and buying experience across multiple platforms, make sure you check out Zipsale. We are the leading multi channel listing software that will empower you to expand reach, manage listings efficiently, and maximize sales potential. Sign up with Zipsale today and transform how you engage with the online marketplace.
