Get Legal, or Get Cheated!Get Advice from Take our Word.com on take-our-word.com. Get Legal, or Get Cheated! topic will increase your understanding on Advice from Take our Word.com. We at take-our-word.com only provide news, articles, information in Advice from Take our Word.com. Advice from Take our Word.com at take-our-word.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
Are you an Ecommerce business owner, or do you just seem to be one? There is a difference, and that difference will hurt your business. When you sell products on the Internet, just like anyplace else, you need to be buying those products from a direct wholesale source. Either the factory itself, or a factory authorized distributor. If you’re not, you’re paying middleman markups that chip away at your profits until you’re barely making enough to pay your hosting fees. Sometimes I think that there are more middlemen on the Internet than there are ECommerce sites, and they’re all targeting YOU! Here’s a scenario: John Doe wants to open an Internet store, and make lots of money. He can’t believe all the news items about new Internet millionaires. He’s seen pictures of these people in the news and on the ‘Net, and lots of them look like they’re one beer short of a six-pack. “If they can do it, so can I!” he thinks, and starts to search around the ‘Net for information on starting a business. He finds boatloads of hosting companies willing to put his site out there for just a few dollars a month. He finds that many of them offer free shopping carts, so that he can take his customers’ orders. He finds services that let him accept credit card payments without even applying for a merchant account. Only one thing left…what to sell? John looks around the Internet for product distributors. He comes across a wholesaler of name brand products that he knows are very popular. He contacts them, and they say, “Certainly! We will “drop ship” products directly to your customer for you, one at a time, at wholesale. All you need to do is fill out some paperwork about your business, and supply us with your Tax ID number.” “Paperwork?” thinks John. “Tax ID number?” Yechh! That sounds like work. Worse, it sounds like LEGAL work. That’s a scary thing to most people, and John is one of them! A little more searching, and John finds a web site called “Stuff R Us”. Stuff R Us is screaming at him: “Thousands of wholesale products you can sell on your website! NO investment for inventory! We send each item right to your customer! No shipping, no handling products, no minimums! Sign up with us and we handle everything! This is your road to Internet Riches!” Well, that’s the road John was looking for, by golly, so he happily sends his name and address to Stuff R Us along with his sign-up fee. Suddenly he can put all kinds of products on his web site, and all he has to do is email his orders to Stuff R Us, and they handle the rest. No paperwork, no hassles. John is creating a new Internet millionaire, all right. No doubt about it. Unfortunately, it’s not him. It’s Stuff R Us. Stuff R Us is a middleman. They sit between John and the REAL wholesaler. Every time John places an order with Stuff R Us, they turn around and place that same order with the REAL wholesaler, who sends it to John’s customer. John never knows this is happening. Stuff R Us is marking up the real wholesale price to John. John will piddle along selling the same over-marketed imports as thousands of other Stuff R Us clients, at over-inflated wholesale prices. Stuff R Us thinks this is great, and they’re laughing all the way to the bank. So, where did John go wrong? What did he do to unwittingly get stuck in ECommerce’s biggest trap, the “middleman rut”? It’s simple. He took the easy way out when searching for a supplier. Stuff R Us said, “we’ll handle everything”, and John said, “Hmmm, that sounds easy!” So, instead of bothering to do some simple legal paperwork for his business, John let Stuff R Us cheat him out of most of his profit, because it was easy. Please remember the following two statements: 1.) You MUST work with REAL wholesale suppliers to be truly successful in ECommerce. 2.) You cannot buy from a REAL wholesale supplier if you are not a LEGAL business. Let me repeat that last one, for those who may have their Real Jukebox software turned up too loud: YOU CANNOT BUY FROM A REAL WHOLESALE DISTRIBUTOR IF YOU ARE NOT A LEGAL BUSINESS! ANYONE who allows you to purchase wholesale products for resale without legal business paperwork is NOT a real wholesaler, and is taking profit that should be yours. In our business, we publish a very thorough directory that helps people like John find and contact real wholesalers that will drop ship products to his customers. Every once in a while, we get a request for a refund on our directory from someone who says, “I don’t have to go through all this legal stuff to use the distributors in your Directory. I can just go to Stuff R Us and do it the easy way!” I have no doubt that Stuff R Us finds this absolutely hilarious. Getting legal is not that hard. Don’t listen to the people who tell you that you don’t have to do it. Here are the basics (in the US): 1.) File a DBA (Doing Business under an Assumed name), or a Corporation. You can do it yourself for surprisingly little. As far as I know, all states in the US have web sites where you can read instructions and print the forms. We did it for $80 here in Florida. 2.) If required in your state, file for a local business license. Here, we paid $35 for this. Many states do not even require it. 3.) Contact your State IRS office (NOT Federal!) and file for a “Sales and Use Tax ID” or “Resale Certificate.” This is what a real wholesaler needs to see in order to do business with you. They use it to justify the fact that they are not charging you sales tax on the products you purchase and resell to your customers. Here in Florida, we got this for $5, and it took about 15 minutes. Getting legal is not hard, and the benefits are tremendous. Don’t make money for a middleman…make it for yourself! Chris Malta WorldWide Brands, Inc. For more information, visit http://www.YouCanDropship.com
|
Advice Home Business Technology Online Advertising Motivational Internet Marketing SEO Help Online Games Science Articles Happiness More Articles:1. My Story Part 2 After reading my last addition to goarticles.com I told a story about my break-up. The one person in my life that hurt me by dumping me cause he needed space! This is my other part. My break-up happened on Tuesday night. He then went out on Wednesday night and snogged some other guy, cause he thought I was going to do it. I NEVER did. I kept faithfull even though we were seperated and single, I thought it was respectfull to leave any meeting new … 2. SUICIDE WARNING SIGNS Useful Links & ThingsNeed information? Don't know who to ask or where to turn? Here are some useful links and information sources that will respect YOU and your privacy.Coping With TeensMost of us were never taught to be parents. So we can't help but disappoint ourselves sometimes. How often have you heard yourself using the very words you hated hearing from your own parents? When our kids become teenagers, it gets even harder. They seem to rejec… 3. How To Safely Clean Your Jewelry To keep your jewelry sparkling you’ve got to take care of it! Cleaning your jewelry is an important part of its care. No matter how careful you are with your jewelry daily life will take its toll on it – grime and dirt, hair spray residue, soap film – they all cause a residue to build up on your jewelry making it dull and unimpressive.Cleaning your jewelry should be done with a little caution. Some stones such as turquoise, pearls, or opals, do n… 4. Love Empire Online Dating Tips Finding your soul mate online is a wondrous thing; however, there is the potential for danger. While you have access to a wide variety of people, you also have the impending complication of meeting those who are not what they seem to be--there are some tips of the trade, though, to help you become more discerning with your choices. These tips can help you stay safe and stay away from men and women who are not what you’re looking for.Tip One: Star… |