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  • Business Registration USA | SaleHoo
    from home However you are held personally responsible for anything that might go wrong and there is no scalability if your business grows On the other hand Corporations offer you personal protection with limited liability and also have the ability to be expanded On the downside they have a minimum taxation of about 800 year whatever the profit loss situation and they also require a formal legal structure See Appendix A on steps for forming a C Corporation For more information on different business structures and their advantages and disadvantages visit the link on screen You may also wish to talk to your lawyer Forming a corporation in your own state is not always the most beneficial option The states of Nevada and Delaware for instance are a very popular choice for corporations as they offer significant tax benefits Nevada offers No corporate income tax No taxes on corporate shares No franchise tax No personal income tax No I R S information sharing agreement Nominal annual fees Minimal reporting and disclosure requirements Stockholders are not public record Be aware however that while the benefits of incorporation in Nevada may be substantial if your business is located in another state it s possible you may have to pay your home state s fees also To find out more go here If you are interested in incorporating there are many different online companies who will help you incorporate for around US200 US 400 although this can range up to US 2 500 or so if you want a higher level of service such as someone to answer phone calls a registered agent s services for a year and so on Just some of the many companies who offer this service are incparadise com http www form a corp com http www companiesinc com Obtaining a Tax ID All businesses selling products or services that pay any kind of taxes and or have employees must have a sales tax ID number also known as an employer identification number or EIN This is a number assigned solely to your business by the IRS and is used to identify your business to several federal agencies responsible for the regulation of business If you plan on buying from wholesalers and or importing merchandise you will need to have a tax ID number before they will deal with you To set up a sales tax ID you can apply online at www irs gov contact your nearest Local IRS Field Office or call the IRS Business and Specialty Tax Hotline at 800 829 4933 Applying online is easy Just answer a few questions and enter your personal and company details Note Applying for an EIN is a free service offered by the IRS Be very wary of online service providers who charge you a fee to complete this process for you on your behalf Here s a quick recap on what we have covered today The most common types of business structure for eBay online businesses are

    Original URL path: http://www.salehoo.com/education/business-setup/registering-a-business-in-the-usa (2016-01-08)
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  • Register a Business in Canada | SaleHoo
    A distinctive element Descriptive element Legal ending The distinctive element is the part of the name that makes it different from any other company for example in the name Zebidiah Motors Ltd Zebidiah is the distinctive element This does not have to be a name it can also be a coined word a descriptive name e g Quality Budget a Geographic word e g Sahara Toronto or a general name e g General Community The descriptive element of the name describes what the corporation does e g Electrics as in Godwin s Electrics Ltd while the legal ending is Limited Incorporated Corporation or abbreviations such as Ltd Inc Corp You always need to include the distinctive name and a legal ending however you do not necessarily need to include a descriptive element So DashFar Ltd is an acceptable name If your company name uses common or popular names the chance of it being accepted decrease If the name is similar to or the same as another company in the same jurisdiction as you then you may be prohibited from using that name There are several different name search options available which will cost between 8 12 per search Use the business names public record at the Companies Branch Search online through OnCorp Direct Inc You can also get a NUANS report New Upgraded Automated Name search which is a Canada wide corporate and business name registry To search this you will need to contact a private service provider To register a business name you need the name and address of the business a description of the business activity that will be performed and your name and home address You can register your business name through the public office of Companies Branch in person or by mail Forms are available from the branch or at local Land Registry Offices The fee for registering a business name by mail or in person at the Companies Branch is 80 You may also register your name at a Local Tax Service office Step Three Choose whether you will incorporate provincially or federally Each province has different regulations and costs for registering a business so you will need to search for the name of your province plus register a business Incorporating federally is a good idea if you wish to do business across the nation and or wish to protect your company name Canada wide Jurisdiction Current Government Incorporation Fees Federal 200 Alberta 225 British Columbia 352 Manitoba 300 New Brunswick 260 Newfoundland 250 Nova Scotia 390 Ontario 360 Prince Edward Island 260 Quebec 300 Saskatchewan 265 Step Four Fill out the registration form To incorporate in your province go to your local company office or website Alberta British Columbia Manitoba Newfoundland Nova Scotia Ontario Prince Edward Island Quebec Saskatchewan If incorporating federally you may be able to do it online through the Corporations Canada Online Filing Center You will need to register with Strategis Secure Server Facilities to be able to do this Cost

    Original URL path: http://www.salehoo.com/education/business-setup/register-a-business-in-canada (2016-01-08)
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  • Business Registration UK | SaleHoo
    can register a business you must first choose a name If you are operating as a sole trader you can trade under your own name and you may not use limited plc or Ltd On the other hand a company must choose a name that ends with limited plc Ltd or Welsh equivalents but this must not be used anywhere other than at the end of the name All business names must be unique they cannot be the same as or similar to one already in the register To find out whether your company name is available Search online using Webcheck Company Names Address index Call the Companies House Call Centre on 0303 1234 500 Names cannot be offensive or include any sensitive words or expressions unless you have obtained permission to use them We also advise checking that your proposed name isn t too similar to a word or expression someone else has registered as a trade mark in case you wish to trade mark your name in the future Once your name has been given the go ahead you must show it on all business stationery as well as on the outside of each place of business Your letterhead also needs to display the country your business is registered in your registration number the registered office s address and your VAT number Your Certificate of Incorporation should be displayed prominently in your main place of business Incorporating If you decide to incorporate your business you need to take the following steps Step One Choose a name for your business Step Two Check whether any of the proposed directors are disqualified from acting as a director You can do this online at companieshouse co uk Step Three Fill out the required forms all of which can be found online at the Companies House website The required forms are Memorandum of Association This gives the details of the company s name location of the registered office and what it will do company objectives You need to include names addresses signatures and share allocations for the shareholders directors of the company You will also need two witnesses to sign and date the Memorandum and the Articles below and supply their names and addresses Location of the registered office This is the area in which your company s registered office is located a registered office is often your solicitor or accountant Objects of the company Describe what your company does This should be a very broad statement as it limits your business activities For example general commercial trading company Limiting the liability of the members This means each owner of the company has to contribute no more than the value of their shares Share capital You must state the amount of capital in the company and how it is divided Articles of Association this describes how the company will be run right of shareholders and the powers of the company s directors Form 10 Statement of the First Directors Secretary and Registered

    Original URL path: http://www.salehoo.com/education/business-setup/registering-a-business-in-the-uk (2016-01-08)
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  • Get Buyers to your Store | SaleHoo
    primarily look at how many other websites link to yours This is called backlinking and each backlink is like a vote or a referral and when another website votes for or refers to yours it tells Google that your website is a good one and therefore it will rank better in search results You might be sitting there wondering how you do on and off page optimization so I ll cover some essential tips for you First of all write content rich product descriptions As I mentioned one of the ways that Google and other search engines determine which sites to rank is through the text content on the site Therefore it is crucial that your product descriptions contain keywords that your buyers will search for when they search for items you stock Try to write descriptions that are at least 250 words long and remember to include the keywords that closely relate to the product but remember not to stuff your description with too many keywords Doing so could tell Google that your content is not genuine It s also an eye sore for buyers You should also write a killer meta description Your meta description is the text that displays in search results This is a good example of a meta description This company Inch Blue ranks on the first page of Google for the keywords baby shoes Their meta description contains these keywords but more importantly it provides information to the person searching which encourages them to click through and visit the web store How to alter your meta description depends on how your store was built or which store builder you use but if you know HTML code the meta description appears in the header code of your website If you sell on SaleHoo Stores adding your meta description is easy just type it directly into the meta description field under your Homepage section in your administration panel To achieve good search engine rankings you should also focus on keeping your content fresh Google and other search engines love when you update your site with fresh new content When you update your content Google knows that your website is a live one not just a static website that is never updated which improves your rankings There are a number of ways that you can easily update your web content to keep it fresh One is by blogging Writing blog posts not only helps with your Google rankings but additionally when you write about the products that you sell you show off your passion for the products which inspires customers to hit the Add to Cart button Most products or product lines are relativity easy to blog about If you sell handbags you can write about the latest season s color and style trends or about an outrageously expensive new designer bag that your audience would adore but never be able to purchase themselves If you sell gardening equipment you can write blog posts about gardening tips

    Original URL path: http://www.salehoo.com/education/selling-on-your-own-website/get-buyers-to-your-store (2016-01-08)
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  • Pros and Cons: Your own website | SaleHoo
    Keep in mind that depending on how you process your payments you may still have to pay PayPal fees 3 A more professional and trustworthy image Despite the fact that eBay has been around since 1995 many web users are still hesitant about buying from there A professionally designed website however induces trust in buyers and makes them feel more comfortable about buying online Let s take a look at some of the drawbacks of selling on your own website 1 Initial lack of traffic When you first start your own website it s likely that you will have low levels of people coming to your site Generating a customer base and getting regular buyers to your website can take time but once you have established a loyal customer base and have new buyers coming to your site on a regular basis your business will really start to grow 2 Lack of support When something goes wrong on eBay you can generally get in touch with their support staff and get the problem fixed However when you sell on your own website you will be faced with problems that you need to overcome yourself If you use a good website builder however you will have complete technical support and someone to talk to if you need advice on any part of your business 3 Initial start up costs Setting up your own website can involve fronting up with some cash but it s probably a heck of a lot cheaper than you think Unless you get a go to a local web design agency and get a website made from scratch you can get your own store up and running for peanuts For example with SaleHoo Stores our very own eCommerce software which allows you to build your own website

    Original URL path: http://www.salehoo.com/education/selling-on-your-own-website/pros-cons (2016-01-08)
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  • 4 Ways to Advertise your Store | SaleHoo
    you are doing you could end up losing a lot of money Blog or Forum Marketing This is often misused but can be very effective The idea is to find blogs or forums that are related to the products that you sell or the market audience that you sell your products to For example if you sell running shoes and other running equipment you would find a running blog or a fitness forum and get involved with the community there by leaving helpful comments and occasionally link back to your store Note the emphasis on occasionally It s very important to never just spam a blog or a forum This usually either just gets ignored by readers or makes you look bad Neither of those are going to generate you any sales so make sure you take the time to provide helpful or insightful advice Another tip is when posting on forums make the most of your forum signature and link back to your website Social Media Marketing Using social media platforms such as Twitter and Facebook you can reach out to and engage with an audience that is interested in your products Social media marketing is mostly free but it does require a bit of time to keep people interested With social media marketing the important thing to remember is that you need to inform and entertain your followers don t just promote your products as this is a real turn off for people following you You can promote your products from time to time but make sure you apply the 80 20 rule make informative and entertaining posts 80 of the time and promotional ones 20 of the time Here s a quick recap on the four advertising options we have covered in this lesson Using email marketing

    Original URL path: http://www.salehoo.com/education/selling-on-your-own-website/4-ways-to-advertise-your-store (2016-01-08)
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  • Dealing with Bad eBay Buyers | SaleHoo
    a buyer to claim your item wasn t what they expected Buyer asks for the item to be sent via urgent shipping at any cost or shipped to a different address Approach with caution There have been some instances where buyers have paid with a stolen credit card hence the different address resulting in an unauthorized payment claim once the real cardholder realized what happened But it s not always easy to spot these situations and you can t always assume the worst Avoiding chargebacks However if you are unlucky enough to be victim of a fraudulent chargeback then you ll have a much greater chance of a successful appeal if you do the following Always use a shipping company that provides tracking and an online confirmation number Many shipping companies will also get a signature on delivery if you so desire This documentation means that it s easy to prove otherwise if you do get an item not received chargeback Ship to a confirmed address If you use PayPal then a confirmed address is one that has been identified by Paypal as safer than other addresses For this reason it also gives you an extra leg to stand on when appealing a chargeback for non delivery Always retain proof of refund if you give one There s nothing worse than providing a refund and the buyer initiating a chargeback as well And of course always provide as much detail as possible in your item description A good description and a couple of good quality photos are your best protection against chargeback s for item not as described Another tricky situation is when the buyer backs out from the sale If they email you promptly after the auction and let you know that this is the case then you should accept graciously and post neutral rather than negative feedback If you have to chase them up or the buyer has a bad excuse then it is fair to leave negative feedback and warn other sellers In both these situations if the auction had other bidders then could consider a second chance offer When you create a second chance offer an email will be sent to each of the bidders you select EBay will automatically offer the item at the maximum bid price the auction received The first to accept the offer will be the new winning bidder One dilemma that some sellers face is when the you ship an item to your buyer but the package doesn t arrive or arrives damaged This situation is one of the worst in terms of the negative feedback possibilities You can only hope that the buyer will be willing to try and resolve the situation with you rather than making an overly hasty feedback post The key to dealing with this problem is insurance you are in a much safer position if you have it But whatever the circumstances the first thing you should do is email the buyer back and apologize Offer

    Original URL path: http://www.salehoo.com/education/scam-prevention/dealing-with-problem-ebay-buyers (2016-01-08)
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  • Dealing with Chinese Suppliers | SaleHoo
    examples of safe payment options If something goes wrong or fraud occurs you can usually get your money back These payments options are becoming much more widely accepted by Chinese suppliers On the whole most Chinese suppliers are genuine hard working people who want to establish a long term relationship with you They need your business so it s unlikely they ll try to deliberately trick you Communicating with Chinese suppliers Another big issue for sellers importing from China is communication It can be extremely daunting trying to negotiate complex business issues when communication is so difficult To get around this problem ask a new contact for their MSN or Skype user ID and chat to them online They tend to be very friendly and enjoy talking to people who speak English as a first language this helps them improve their communication too plus it gives you a direct point of contact instantly With communication now established you can proceed to ask questions and get them to send you pictures of stock and so on Once we ve built up a relationship we then ask them to send me a sample order For any genuine company this isn t a problem and it allows us to see the quality of the product first hand We can then be fairly certain that the company is trustworthy and that this is the product we wish to import The question of quality One thing we haven t talked about so far is quality This can be another major concern for sellers who often have difficulty telling whether a brand name product is genuine or not In our experience the vast majority of brand name goods that come from China are either replicas or fakes We strongly recommend that you assume that this is

    Original URL path: http://www.salehoo.com/education/scam-prevention/problems-dealing-with-chinese-suppliers (2016-01-08)
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