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How to Start Your eBay Business
You may already have a name for your business and know what you're
going to sell, but before you run out and print business cards like those
other unguided souls, spend some time on the basics to make your
enterprise is legal, and to set a solid foundation for a thriving business.
Here are some TO DOs:
BUSINESS TO DO LIST
- Step One: Open a PayPal account. www.PayPal.com (consider a
name that matches your eBay account).
- Step Two: Open an eBay account. www.eBay.com (consider a
name that matches your PayPal account).
- Step Three. File a fictitious business name. While there are Web
sites to help you file a fictitious business name, it's so easy and
more satisfying to do it yourself. After you pick a name, you
research that name to ensure that no on else is using it. There's no
charge to do the search yourself in Clerk-Recorder's office. So head
to your local Civic Center and get going. There you'll complete a
page or so of paperwork for a nominal fee (around $2.50 to $10).
The Clerk-Recorder's office will inform you of the acceptable
newspapers where you are required to publish the fictitious
business name for four weeks (the newspapers will charge around
$25). If you'd like to see how it's done in Orange County California,
visit http://www.oc.ca.gov/recorder/fictbsn.html for more details.
- Step Four: Get a business license. A business license is available
from your city. This costs around $100, plus the quarterly sales tax
you report from you state if applicable (usually annually, but
sometimes quarterly). Fines can be steep if you don't stay current,
so make sure to pay the bills and stay on top of the paperwork.
- Step Four: Obtain a seller's permit (a.k.a. reseller’s license,
Seller's Tax Permit). Get a sellers permit through your state's
Department of Revenue. This valuable piece of paper in California
costs $50 and enables you to get wholesale pricing and to purchase
products for your store without taxes. If you don't have one,
vendors will charge you sales tax. It also provides a resource of
classes to help you with your taxes.
- Open a business banking account. You'll need to bring your
seller's permit, a drivers license, a social security number, and some
cold hard cash! We suggest opening an account with Washington
Mutual -- for just a buck you can start banking.
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Have Questions? Write us at PowerSelling@yahoo.com

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