There are several ways of selling on eBay.
If you want to clean out your attic or garage you can put the items that are still of any value for sale on the auction site.
Someone else might be interested in them.
But if you put up a price for them, do not forget to put down included or excluded shipping.
This way you can prevent any disappointments for you and your potential customer.
Selling in eBay like described above is free to do for anybody.
You do not need to worry about sales tax or income tax or other charges.
This is different when you decide to become an e-commerce entrepreneur.
Then you do need to put all your tax affairs in order otherwise you will find it is hard to do business with anybody.
One of the popular e-commerce businesses of today is wholesale dropshipping.
That is easy to understand since this kind of business hardly needs any investment from your part and you do not need to keep an inventory.
You put items for sale on any site you create or on eBay, you receive your clients' money and then you put their order through with your dropshipping company.
They will handle the order and make sure your client gets it timely.
In order to be able to register with any wholesale dropshipping company you need to have your tax ID number.
That is if you are an American resident.
If a wholesale company does business with you without having your tax ID number they could be up for a penalty.
Besides you need to pay sales tax for the sold items.
If you live outside the US you do not need to have the tax ID number.
But having a tax ID number has it favorable sides as well.
You are getting some tax breaks when you are an independent working from home entrepreneur.
But to file for these you have to have your ID number of course.
You can also go to trade shows where you get in touch with wholesale dropshipping companies and see for yourself what they have to offer you.
If you have your tax ID number.
Once your business becomes very successful - and that is not imaginary - you might contemplate hiring some staff.
Full time, part time, students...
it does not matter who and for how many hours, if you want to hire staff legally you have to have the tax ID number.
So it is best to arrange all that in an early stage when you are setting up your business.
If you have to wait for your success you will not have anything to fear from the IRS, as far as paying tax is concerned.
But you can already enjoy the advantages!
If you want to clean out your attic or garage you can put the items that are still of any value for sale on the auction site.
Someone else might be interested in them.
But if you put up a price for them, do not forget to put down included or excluded shipping.
This way you can prevent any disappointments for you and your potential customer.
Selling in eBay like described above is free to do for anybody.
You do not need to worry about sales tax or income tax or other charges.
This is different when you decide to become an e-commerce entrepreneur.
Then you do need to put all your tax affairs in order otherwise you will find it is hard to do business with anybody.
One of the popular e-commerce businesses of today is wholesale dropshipping.
That is easy to understand since this kind of business hardly needs any investment from your part and you do not need to keep an inventory.
You put items for sale on any site you create or on eBay, you receive your clients' money and then you put their order through with your dropshipping company.
They will handle the order and make sure your client gets it timely.
In order to be able to register with any wholesale dropshipping company you need to have your tax ID number.
That is if you are an American resident.
If a wholesale company does business with you without having your tax ID number they could be up for a penalty.
Besides you need to pay sales tax for the sold items.
If you live outside the US you do not need to have the tax ID number.
But having a tax ID number has it favorable sides as well.
You are getting some tax breaks when you are an independent working from home entrepreneur.
But to file for these you have to have your ID number of course.
You can also go to trade shows where you get in touch with wholesale dropshipping companies and see for yourself what they have to offer you.
If you have your tax ID number.
Once your business becomes very successful - and that is not imaginary - you might contemplate hiring some staff.
Full time, part time, students...
it does not matter who and for how many hours, if you want to hire staff legally you have to have the tax ID number.
So it is best to arrange all that in an early stage when you are setting up your business.
If you have to wait for your success you will not have anything to fear from the IRS, as far as paying tax is concerned.
But you can already enjoy the advantages!
SHARE
