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Set up Your Business Correctly

Tips to success in Online Business

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Set up Your Business Correctly

If you want to sell the occasional garage sale item on eBay you dont have to worry about this, but if you want a real business then you have to take the time to set it up and organize it correctly.Most communities do not require a business license for people operating businesses out of their homes, but some are starting to do this as they see it as a source of revenue. So first check with your local community to see if you need a license.
Next get a sales tax number. Whenever you sell an item that is shipped to someone in the same state you live in, then you need to collect and pay sales tax. To do this you need to register and get a number. Here is a link to an article that explains more about this and has links to the various state taxing agencies where you can apply for a number online. The other reason for getting a sales tax number is that a lot of wholesale sourcing companies will not deal with you unless you have one.


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Respond To Your Visitors Promptly
Network
Learn quickly from your mistakes
Take your losses early
Watch For Your Break Even
Establish an expert reputation for yourself
Simple checkout
Be recognizable to your customers
Manage The Break Up
The Network Effect
Understand your expenses
Have a Plan
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