Thanks to the ubiquity of the internet, online virtual businesses have become very popular business opportunities.
Online retail stores are gradually playing a more important role in our lives than the traditional ‘brick-and-mortar’ retail shops. Over the last few years, a new concept called ‘Drop Shipping’ has emerged with the coming of the internet.
Drop Shippers are basically wholesalers who are willing to ship their products directly to your customers.
Often you may hear about what a business plan consists of. While including the necessary items is very important, you also want to make sure you don’t commit any of the following common business plan mistakes:
Like buyers, sellers can also fall victim to scams such as phishing and the Evil Twin. However, other scams specifically target eBay sellers.
Here is a great article by Kristine A. McKinley a CPA and a Certified Financial Planner.
I always get questions from eBay sellers about paying taxes on their eBay earnings. The simple answer to the question is that if you sell on eBay and make over $400 in eBay profits –yes you have to pay taxes. Read Kristine’s article for more detail and to understand the rules.
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