I wanted to start a online business selling false lashes, but I am not sure if it would be profitable? Could someone give me an insight?
Sales Revenue less Costs equals Profit.If your online business of selling fake eyelashes performs according to this equation, it will be profitable.There’s a shit-ton of things to consider. Really, a shit-ton.1. Where to buy?Do you have suppliers ready? Where they are from? Cheap and low quality China shit, or higher quality, but more expensive Korean? Do you need to buy in bulk? What are the MOQs? Can you (will you?) sell it as your own brand, or will you sell no-names/resell other brands? Do you need any authorizations to do it? And so on.2. Where to sell?Build your own website or use a platform like Amazon? Building a website can take longer but be cheaper. Amazon will charge you heavy commissions and squeeze out every dollar out of you, if you are late with shipments or have quality issues. Can you remain competitive? On the other hand, if you want to build your own shop - what’s your experience in customer acquisition? What’s your experience with shipping? Do you have or plan to have help? Do you have or plan to have somebody to take care of Customer Support? And so on.3. What’s your cost of running the business?Are you going to register a company? Where? What’s the tax regime there? Will you need to hire people? What are the labor laws (if any) there? Can you run your business from home or will you have to rent an office (or at least register your business in a commercial, rather than residential area)?And so on. The questions to ask and answer are a thousand. Some questions you get to know once you find answers to previous ones.But the Profit equation holds true, no matter what. If the total of your costs is smaller than the total of your revenues, yeah, you shall be profitable.
Do I need to charge sales tax on my eBay sales? Why or why not?
Your answer depends on the sales tax rules of the states where you do business. The two most important factors are how those states define nexus and how they tax your product or service. Each state defines nexus and taxability differently.Step One: NexusBefore you need to worry about looking at taxability, you need to know if you have nexus (i.e. if you meet the requisite conditions for registering and collecting sales tax) in the state(s) you are selling into. Nexus can be triggered by everything from having a physical presence in a state (traditional nexus) to advertising on an in-state company’s website (“click-through” nexus), or even by simply generating a certain amount of revenue from a state (economic nexus). So, if you are selling into a state wherein you don’t (yet) have nexus, you do not need to collect any sales tax. If you do have nexus in a state, you are obligated to register in that state and thereafter collect/remit sales tax for sales made to buyers in that state, no matter where you are selling from.In most situations, you almost certainly need to register to collect sales tax in the state you live in (i.e. where your business has a physical presence). Here’s a helpful video on understanding nexus:Step Two: TaxabilityTaxability is a tricky scenario. Depending on what you are selling and the state where your product or service is going, the transaction may be exempt from sales tax all together. Just like with nexus, it’s really only possible to tackle this on a case-by-case basis, looking at a state’s taxability rules once you’ve triggered nexus and registered in that state to see what goods/services are exempt.Here’s an excellent blog post that addresses 6 Common eBay Sales Tax Questions: http://avlr.co/2jcRChLIn short, here’s the answer to your question: Yes, an eBay seller does need to collect and remit sales tax, if they have nexus in a state and if the product/service they are selling is taxable in that state.For the sake of saving time and energy, focusing on your business, and having guaranteed accuracy, I always recommend automation when it comes to sales tax compliance.Cheers!
How do I start a business on eBay?
As many other answers have mentioned, since your budget is limited, it’s best not to push yourself into a large market. Instead, chase after a smaller niche market. When deciding which niche products you should sell, consider the ones that:Have high profit marginsAre cheap to shipAren’t offered by many sellersAre greatly demanded by customersIt takes quite a bit of market research to find which products fit the bill, so I recommend using a product research tool like Algopix to speed things up. Algopix combines seller data from both eBay and Amazon to generate statistics on the above traits for each product and offers a recommendation of what products are worth selling and at what price.On another note, consider expanding into Amazon as well. The additional audience will certainly help.
If I have a PayPal business account do I have to claim taxes as though I actually have a business?
I sell through ebay (clothes, things laying around my house, etc.) just silly things... I want to upgrade to a business account b/c I had an issue with someone stalking me when they saw my name (my first and last name show up when they pay me) I want the business account only so I can type in a "business" name and not my personal name... but if I sign up for the business account does that mean I will have to claim what little money I make throughout the year, on my taxes? Thanks in advance for any help :)
Do you have to file TAXES on EBAY sALes?
Yes it is a form of income, so it must be claimed.
Do I need to charge sales tax?
I do vinyl graphics, mostly for businesses (until now under the table) do I need to charge sales tax? What if I sell on eBay? What if it's to a business? What if it's out of state (Ohio)? Do I charge sales tax for the actual product only, or do I charge sale the for the whole amount including application fees? Do I need a tax ID from a business if they are tax exempt? Sorry so many questions, I don't want to mess up.
I am 13 years old and I want to start making money online especially on eBay, what is the best way and how do I do it? I am also in Australia.
Learn from the bestI started a online business via eBay several years ago, at the time I had:Zero experience in online salesZero experience with eBay salesZero experience in starting a businessI made a lot of mistakes and had to learn the hard way. I think that one of the best things about the internet nowadays is that there is an abundance of information for young entrepreneurs that helps you avoid some of the critical mistakes I’ve made in the early days.How to start an eBay businessThe basic things you have to do is open an eBay account, register a Paypal account - these are technical things that are easy to do.Then you need to find a product to sell and a reliable supplier.In order to avoid some of the common and not so common mistakes, I highly recommend reading blogs from successful eBay sellers who share everything they learned in their journey to over $100k a month on eBay.Creating highly converting eBay listingsOne of the keys to increasing your sales on eBay is how your listing looks, people today spend less than 8 seconds on your listing and if they are not convinced within this time frame that you offer the best value then they will move on to the next seller. Since we as buyers process visuals 60,000 times faster than text, your listing design has a huge effect on sales.Today you don’t need to pay graphic designers 100’s of dollar for a professional listing, tools like CrazyLister enable you to create professional eBay listings in minutes without knowing any code or design. This is another thing I wish I had when I just started.PS if you find my answer useful, please Upvote :) Happy to advise further
Do i need a business license in indiana to sell on ebay?
You don't have to have a business license to sell on ebay. It's like having an online yard sale.