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How to sell on Poshmark, according to experts

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PoshmarkKristin Bachman started selling her own clothing on Poshmark in 2013.Poshmark

  • Poshmark is an online marketplace where people can buy and sell clothing from boutiques or their own closets.
  • Since it launched in 2011, it has grown into a community of five million sellers.
  • In May, the company announced that it had paid out $1 billion to its community of sellers so far. One of these sellers, Suzanne Canon, personally pulled in $1 million of sales on the app.

Men and women across the United States are joining the Poshmark craze and selling their clothing online. Some are even turning it into a full-time job and launching their own boutiques.

This online-only marketplace functions in a similar way to eBay in that it allows people to buy and sell clothing and accessories with ease making it an ideal platform to offload some of the unwanted gifts during the holiday season. 

Since launching in 2011, it’s transformed into a community of five million sellers, who so far have been paid out $1 billion, according to Poshmark. The company was founded by Manish Chandra, who is currently its CEO. His idea for Poshmark came about as iPhones started to explode in popularity and Chandra realized just how easy he could make the process of selling clothing online.

“It marries technology, fashion, and commerce together,” Chandra told Business Insider.

Earlier this year, Business Insider interviewed top seller Suzanne Canon, who has personally pulled in over $1 million in sales since she started selling in 2012. Selling on Poshmark is now her full-time job.

“I don’t understand how it happened. I went on the app to make a little money on extra clothes,” she told Business Insider.

Sellers only need to upload photos of their items from their phone to the app in order to list them for sale. Poshmark takes a $2.95 commission on all sales under $15. It takes a 20% commission on any sales above $15.

We spoke to five of the app’s top sellers, who have pulled in amounts ranging from $10,000 to around $100,000 a year since beginning to sell on Poshmark over the past few years. 

See their top tips for turning a sale on Poshmark, below:

Exclusive FREE Slide Deck: Future of Retail:AI by Business Insider Intelligence

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More groups join in support of women in STEM program at Carleton

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OTTAWA — Major companies and government partners are lending their support to Carleton University’s newly established Women in Engineering and Information Technology Program.

The list of supporters includes Mississauga-based construction company EllisDon.

The latest to announce their support for the program also include BlackBerry QNX, CIRA (Canadian Internet Registration Authority), Ericsson, Nokia, Solace, Trend Micro, the Canadian Nuclear Safety Commission, CGI, Gastops, Leonardo DRS, Lockheed Martin Canada, Amdocs and Ross.

The program is officially set to launch this September.

It is being led by Carleton’s Faculty of Engineering and Design with the goal of establishing meaningful partnerships in support of women in STEM.  

The program will host events for women students to build relationships with industry and government partners, create mentorship opportunities, as well as establish a special fund to support allies at Carleton in meeting equity, diversity and inclusion goals.

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VR tech to revolutionize commercial driver training

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Serious Labs seems to have found a way from tragedy to triumph? The Edmonton-based firm designs and manufactures virtual reality simulators to standardize training programs for operators of heavy equipment such as aerial lifts, cranes, forklifts, and commercial trucks. These simulators enable operators to acquire and practice operational skills for the job safety and efficiency in a risk-free virtual environment so they can work more safely and efficiently.

The 2018 Humboldt bus catastrophe sent shock waves across the industry. The tragedy highlighted the need for standardized commercial driver training and testing. It also contributed to the acceleration of the federal government implementing a Mandatory Entry-Level Training (MELT) program for Class 1 & 2 drivers currently being adopted across Canada. MELT is a much more rigorous standard that promotes safety and in-depth practice for new drivers.

Enter Serious Labs. By proposing to harness the power of virtual reality (VR), Serious Labs has earned considerable funding to develop a VR commercial truck driving simulator.

The Government of Alberta has awarded $1 million, and Emissions Reduction Alberta (ERA) is contributing an additional $2 million for the simulator development. Commercial deployment is estimated to begin in 2024, with the simulator to be made available across Canada and the United States, and with the Alberta Motor Transport Association (AMTA) helping to provide simulator tests to certify that driver trainees have attained the appropriate standard. West Tech Report recently took the opportunity to chat with Serious Labs CEO, Jim Colvin, about the environmental and labour benefits of VR Driver Training, as well as the unique way that Colvin went from angel investor to CEO of the company.

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Next-Gen Tech Company Pops on New Cover Detection Test

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While the world comes out of the initial stages of the pandemic, COVID-19 will be continue to be a threat for some time to come. Companies, such as Zen Graphene, are working on ways to detect the virus and its variants and are on the forefronts of technology.

Nanotechnology firm ZEN Graphene Solutions Ltd. (TSX-Venture:ZEN) (OTCPK:ZENYF), is working to develop technology to help detect the COVID-19 virus and its variants. The firm signed an exclusive agreement with McMaster University to be the global commercializing partner for a newly developed aptamer-based, SARS-CoV-2 rapid detection technology.

This patent-pending technology uses clinical samples from patients and was funded by the Canadian Institutes of Health Research. The test is considered extremely accurate, scalable, saliva-based, affordable, and provides results in under 10 minutes.

Shares were trading up over 5% to $3.07 in early afternoon trade.

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