How to Jump-Start Home Business on eBay
Many people want to know how to set up a work from home business on eBay. This can depend on what you are selling, but there are some considerations that every seller should follow. Laying the proper groundwork for any business is an extremely important step. Just like building a house, a business built on a solid foundation will last for years. Overlooking these details can result in your eBay business not going as well as you would like.
First, you need to have a camera preferably digital and internet access ideally from home. Without these items selling on eBay will be difficult at best. Next, you should have a bank account and a PayPal account. PayPal is not required to sell on eBay, but it is the easiest way to accept online payments if you do not already have a merchant account. Find an area in your home, shed, or rent a storage unit for your inventory. Be sure that any rental unit is rodent and pest free. The same holds for a storage shed or attic. If possible, do not smoke in the area where you plan to keep inventory.
Now you have the very basics in place. Are you ready to sell? Not quite yet. There are still a few areas to cover. Check with your zoning regulations for laws about running a home business. If your area has a property owners or homeowners association and there are restrictive covenants in your neighborhood, be sure that you can legally run a home business. Starting out this may not be a problem but once you start getting large deliveries several times a week, if you are in violation of zoning or HOA/POA rules, someone will complain. Apply for any variances now, before your business gets really busy. Just a few more things to cover before you start to sell, get a resale certificate or sales tax ID number. In order to purchase form many wholesalers, this is required. Otherwise, they will charge you the full retail price or not sell to you at all. You can sell under your own name, or file a D.B.A or fictitious name. D.B.A. stands for doing business. You can open a bank account in the business name once you file the correct papers. Finally, be prepared to file quarterly income taxes. If you are self-employed and you make money in any quarter, you need to file this. Now you are ready to sell on eBay.
These are the very basics of how to set up a work from home business on eBay. There are a lot more details that you should cover such as product selection, market research, choosing an accountant or accounting software, and more. Before you go and spend a lot of money, go through these basic steps and see how successful you are at selling a couple of items or two. Then you will know if setting up a work from home business on eBay is really right for you. This article was designed to give you just the basics so that your work from home eBay business starts off on a solid foundation.