6 Tips To Boost eBay Selling and How To Find Cheap Wholesales
6 Tips To Boost eBay Selling and How To Find Cheap Wholesales
Tip 1
Many people getting into eBay are tormented by this question, and so I want to put it to rest: Is a specific license or permit required to drop ship products sold in eBay auctions? No, absolutely not! There is no special permit that applies specifically to drop shipping whether you sell online on eBay or on your website or offline. For most mom and pop eBay businesses, the sales tax permit will be all you need. As mentioned above, you probably won't need an EIN unless you have employees, establish a corporation, or pay wages. If you are running your eBay business from your kitchen or home office and keeping your products at home or using drop shipping, it is very unlikely that any other licensing will apply to you. Nevertheless, I advise checking with your local officials and would go so far as to suggest a consultation with a business attorney.
Tip 2
Before selling anything on eBay it is important to study the additional eBay costs so that you'll know how much you need to make to make a profit. Some of the extra costs include: (1) listing fees, (2) final value fees, (3) image hosting fees (can be optional),(4) fees for extras such as bold type, extra space for your listing, larger picture size (optional), (5) "Buy it Now" fees (optional), (6) fixed price fees (optional), (7) PayPal or other payment processor fees.
Tip 3
The fact of the matter is that on eBay you can sell virtually any product. And although you could probably find someone who would buy your fingernails, that's not really the issue. You don't want to sell just any product; you want to sell what you can consistently earn a profit. Many people starting out on eBay want to sell cool items such as DVDs or the latest electronic gadget, but this is not generally the best way to break into eBay if you are starting from scratch.
Tip 4
The two problems that most new comers face are how to find products and then finding reliable suppliers. Neither one of these is particularly difficult, though both can seem insurmountable. Believe it or not, the first step to solving these problems lies in your business plan. Who are your customers? What niche are you satisfying? What sort of business model is right for you? It isn't enough just to think of a product. You arrive at your product by starting with a customer need or problem. You must start with a business plan, and a business plan will start with your customers. Believe it or not, when you start answering these sorts of questions, your questions about where your products will come from will begin to fall into place. If you need more how to find a product, visit my blog at http://zainoldotcom.blogspot.com/2010/11/best-drop-shipping-and-whosales-lot.html
Tip 5
It is vital to understand that the purchase of goods from a licensed wholesaler also requires a sales tax permit. Even if you don't sell products to residents of your state, if you plan on using true wholesalers, your permit allows you legal right to buy wholesale products without paying sales tax. Wholesalers, in turn, are required by the terms of their license to have on file proof of your sales tax permit. Keep in mind that if a business does not demand your tax permit, it is not a true wholesaler. If you are a new eBay seller, you need to be aware of the kind of product supplier you are doing business with. Your supplier should be open about their business and inform you up front if they are a wholesaler or some other kind of product supplier. Your job as a retailer will include charging sales the tax to those buyers who are residents of your state and then to pay it back to your state treasury department at tax designated tax times. Right now, the issue of how to handle sales taxes when selling to residents of other states is an open question
Tip 6
One key factor that will contribute to the success of your ecommerce, home business site is traffic. Product sourcing alone is not enough. Although there are numerous ways to develop a flow of traffic, if you cannot get potential customers interested in your products to your site, you will not make money. In other words you need targeted traffic. Possibly the most economical traffic development tool at your disposal is the search enginesGoogle, Yahoo!, and Bing, to name the big three. I'm not suggesting that the search engines be your only strategy for bringing people to your site, but with proper consideration, the search engines can be harnessed to work very well in your favor.
Want to know more about where to get products to sell on eBay? Visit my review about product sourcing at http://zainoldotcom.blogspot.com/2010/11/best-drop-shipping-and-whosales-lot.html.
If you want more tips and technics to boost your sales, visit an eBay millionaire eBook at http://zainoldotcom.blogspot.com/2010/11/normal-0-false-false-false-en-us-x-none.html.
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