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Showing posts from October, 2016

How a mom earned $500,000 in three years selling on Poshmark

poster: William (The founder of Teemtry Jewelry manufactory Ltd.) Three years ago, Evelyne Teman was sitting in her Los Angeles home at 2 in the morning playing computer solitaire, when an ad popped up for a clothing site called Poshmark. It promised to earn her cash for her used clothes. Poshmark, founded in 2011, is like a cross between Pinterest and eBay for women's clothes. It connects buyers and sellers, handles the payments and logistics, taking a 20% cut. When Teman saw that ad she thought, "Ok, I’ll sign up for it. I listed one thing and it sold. That totally motivated me and I started emptying out my closet and everything sold and sold really fast, too," she tells Business Insider. In less than three months, she had nothing left to sell and had made enough money to stock her online store with new clothes. The best part: running a virtual store didn't interfere with her job as a mom. "I volunteer at school. I don’t miss a field trip. I drive them. What …