What would you say if I told you that after reading this post you can go and get started on earning some extra cash just by decluttering your home. You don’t have to do that with this specific marketplace that we will be talking about today. You can do some more research and find the right fit for yourself but the concept is the same. Let’s begin.
What is Mercari – is it legit?
Mercari is a marketplace app that was first launched in Japan in July 2013. They expanded to the United States in 2014 and the United Kingdom in 2016. The Mercari app has been downloaded over 100 million times worldwide. It is a marketplace app that allows users to buy and sell anything under the sun within the reason, quickly and only needing their smartphones.
This company exists for too long so the question – ‘is it legit’ shouldn’t even be asked, but it is understood that many people have been scammed, there for, the need to be extra careful exists.
Great question you should ask that will tell you if something is legit – How did you find it? Did you purposely seek it out or someone recommended it to you? If your web browser suddenly redirect you to an unfamiliar site, that is most likely a specific type of scam that direct users to fake websites specifically to steal personal and financial information.
How much does Mercari charge in fees?
Mercari has the lowest seller fee of any marketplace, they only charge you 10% per sale which is great considering they are giving you the platform to exes your costumers and letting you post as many item as you want for free. This results in higher profit margins for you!
You can decide on your asking price for your items and rather you’ll provide the shipping. However, if you don’t include the free shipping you might not make as fast sale but that doesn’t affect the sale that much.
How does Mercari work?
This app was not user-friendly and many people complained how it was hard to navigate, but after Mercari made some changes, they broke into the Sellers Choice Awards for the first time last year, and matched their performance by coming in 4th place in 2020.
Mercari mobile selling app is now praised for its simplicity, and if you can print shipping labels from your phone, you can finalize the whole sale through your phone.
This app can not be easier to use. After you have logged in, all you have to do is take photos of the items you are selling, write a description and create the asking price.
I can not stress this enough when I say that to be successful on marketplaces apps like Mercari, you really must take a lot of photos and write a detailed and honest description so the buyer knows exactly what they are buying to avoid latter confusion and bad reviews.
Also, when creating the price you will want to include the 10% fee you will have to pay after the sale is made. Don’t think that your price is too high because buyers have the option to negotiate, so they won’t necessarily just walk away from the high asking price. Mercari only allows people to make offers 20% off the asking price.
After the buyer receives the item, they can give you a star rating.
Star ratings are public, like on eBay. This can be very helpful or it can hurt your sellers. Positive ratings give you a chance to show potential buyers that you’re trustworthy. But on the other hand, it means that just a few negative ratings might hurt your sales.
You even get few seller badges that can help make future sales. There are 4 badges:
The first badge is how long you have been a member of Mercari.
The second one is a quick shipper so you would want to ship sold items eater the same day or the next day,
Third says that you are relivable, so that validates that you are honest and deliver as promised
And the last one is fast responder, which shows that you respond to buyers messages within average of 12 hours
What items sell on Mercari?
Top things that sell on Mercari are shoes, athletic apparel, wallets, jewelry, sunglasses, handbags, toys, video games and laptops and top bands that are requested are Forever 21, Michael Kors, Under Armour, Tommy Hilfiger, Adidas, Nike, Patagonia and Vineyard Vines.
Is Mercari worth signing up?
If you are looking for a marketplace that will let you list your items for free and only charge 10% fee when those items are sold than Mercari is a place for you. This can also be a good full-time side hustle, a way to earn some extra cash for that vacation that you wanted, or to buy something that you wouldn’t be able to afford only on your main income.
But if you have your own product maybe it is time to invest in your business and start your own brand because Mercari will ban you if the items you are selling are your own product. Also, if you need to flip items quickly don’t bother listing on this platform because sales are slow and you would probably sell them on some other marketplace much faster but for less money because you would have to pay more in fees.
Mercari pros and cons:
In conclusion I will list some pros and cons so it might be easier to form your own opinion and make a decision.
Lower seller fees (10%)
Fast listing format – easy and low maintenance listings
Excellent shipping rates
Wide range of products you can sell in one place
With 50 items listed, you might sell only 2 items a month. The same number on PoshMark averages 1 sale a week at least, but the fees there are also higher. Mercari users are less active buyers than on other platforms.