*By Madison Alworth*
Poshmark, the online second-hand store, has turned selling your old duds into a billion-dollar business, helping more than 4 million people clean out their closets and switch up their wardrobes for some serious cash.
"Social selling has come of age," said Manish Chandra, the CEO of Poshmark, an online social marketplace that encourages its members to "embrace your weirdness."
Sellers use the platform to get rid of the fashions they no longer want and spread their style to buyers who comb the platforms for just the right look.
"They're curating from their own closets and boutiques, but also from other people's closets," said Chandra. "Every day we have 14 million items being curated, every single day. Over a hundred million dollars worth of inventory gets uploaded every week."
The digital thrift shop guarantees two-day priority shipping for a flat $6.49. For packages that exceed five pounds, added shipping costs are paid by the seller.
"Amazon is always going to be a company to be respected, but I think we've built a fairly unique model which plays in so many different ways to our strength," Chandra said.
For the full interview, [click here](https://cheddar.com/videos/poshmark-hits-new-milestone).
Hyperice CEO, Jim Heuther, joins Cheddar to discuss the company's latest product collaboration with Nike. Find out how it is helping your favorite athletes.
Founder, Chairman and Principal Analyst of Constellation Research Inc., Ray Wang, reveals how Tesla's Robotaxi is going to disrupt the transportation industry.
Have Taylor Swift fans dubbed Flava Flav as King of the Swifties? Plus, his new partnership with Old Spice and if he will ever go back to the Olympics. Watch!
Education Reporter for The Wall Street Journal, Doug Belkin, discusses his latest piece and delves into why incoming freshmen are preferring southern schools.
Founder & CEO of FLYR, Alex Mans, joins Cheddar to talk about the current state of the airline industry and how his company is updating technology in the sky.
Spirit Halloween CEO, Steve Silverstein, stops by Cheddar to talk SNL, this year's top costume ideas and why you should watch out for Spirit Christmas. Watch!