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So Money with Farnoosh Torabi

184: Hannah Ouimet, Poshmark Entrepreneur and Founder of Hannah Beury

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 14 July 2015

⏱️ 31 minutes

🧾️ Download transcript

Summary

Hannah Ouimet is here on the show today. She's running a six-figure fashion business from her phone, yes, by selling some of her unwanted clothes and accessories. And now she's gotten so good at it, she knows how to buy items elsewhere at a low cost and re-sell them. And by the way, she's only 23-years-old. She got her start in college and she's still in college. She decided to just sell some things from her closet that she didn't want anymore to make a few extra bucks, and she did this on a site called "Poshmark", which allows users to sell their unwanted clothes and accessories to fellow Poshmark App users. And before she knew it, Hannah was not only making a profit selling her own stuff, but also her friends items. She started buying designer apparel on deep discount, reselling that for a profit, and over time she has amassed something like 2 million users on Poshmark and she's been inspired to actually go out on her own, still working with Poshmark but also starting her own e-commerce shop called "Hannah Beury". Her success story's been covered by the Wall Street Journal, Fox News, and Refinery29 among other places. And now she's on So Money! Very proud and excited to share her journey with you because I think what it really teaching us is that with an app and a phone and some unwanted clothes, and we've all got some unwanted items in our closet, you can make a few bucks and in best case scenario you can turn it into a lucrative business and it is this entrepreneurial success story that has brought her to this show. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 184, Hannah We Met.

0:04.8

You're listening to So Money, with award-winning money guru Farno Shorabi.

0:09.3

Each day get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus yourself.

0:18.0

Looking for ways to save on gas or double your double coupons?

0:22.0

Sorry, you're in the wrong place. Save on gas or double your double coupons?

0:22.6

Sorry, you're in the wrong place.

0:24.6

Seeking profound ways to live a richer, happier life.

0:28.1

Welcome to So Money.

0:36.9

Welcome back to So Money everyone. My gosh, today's guest makes me want to purge my closet right now and make some money. Yeah, don't waste any time.

0:42.1

Hannah we met is here on the show today.

0:44.0

She's running a six figure fashion business from her phone, yes,

0:49.0

by selling some of her unwanted clothes and accessories.

0:53.4

And now she's gotten so good at it.

0:54.6

She knows how to buy items elsewhere at a low cost

0:59.4

and resell them.

1:00.9

And by the way, she's only 23 years old.

1:04.0

She got her star in college and she's still in college.

1:07.0

She decided to just sell some things from her closet

1:10.0

that she didn't want anymore to make a few extra bucks and she did this on a site called

1:14.5

Poshmark which allows users to sell their unwanted clothes and accessories to

1:20.9

fellow Poshmark app users.

1:23.3

And before she knew it, Hannah was only making a profit selling her own stuff,

...

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