Starting an Online Business

Calling all US sellers... have you been paying your taxes? Hopefully, it won't come as news to you that when you are making money—whether it's on eBay, another auction site, or even at a flea market—you should be paying taxes. Too many sellers simply ignore the fact that they owe the IRS a percentage of their profits. To help prevent you from getting in trouble with Uncle Sam, I've put together this comprehensive guide to paying taxes in the US. Do I Need to Pay Tax on My Online Income? Yes. It's really quite simple—if you sell anything on eBay and make a profit, you need to pay tax. Also, remember that it is against the law to not report all income to the IRS. To determine whether you have made a profit, calculate the total revenue from all your sales for the tax year, and then subtract all operating expenses. Your operating expenses include

How do businesses do competitive analysis for eCommerce and dropshipping? ? Quick Answer: Competitive analysis for eCommerce and dropshipping involves looking into competitors’ products and marketing strategies, evaluating their SWOT (strengths, weaknesses, opportunities, and threats), and using this critical data to improve your own. Building a successful eCommerce and dropshipping business is easier said than done. There’s lots to think of—juggling the in’s and out’s of inventory, marketing, logistics, shipping, and customer service can be very overwhelming. It certainly doesn’t help that the industry is booming, and there is so much competition across seemingly any niche. And as Sun Tzu’s “The Art of War” says—know thy enemy. This means prioritizing competitive analysis as a critical e

Supplier relationship management is an essential element of growth and success for your ecommerce business. To ensure efficiency in your operations, you must develop a mutually beneficial partnership with suppliers.

So, you’ve launched an online business venture, huh? That’s great.  Whether it’s dropshipping, Amazon Affiliate marketing, info products, Software as a Service (SaaS), or whichever eCommerce venture you’ve embarked on, online is where the riches are these days. While your enterprise might be profitable, I’ve got some good news for you. You can still grow even more. How? Through smart eCommerce optimization. By fine-tuning what you are already doing, you can close more sales and maximize profits. In this guide, I will give you 12 proven eCommerce optimization tips to boost your online business. But before we get into the nitty-gritty, let’s discuss your store’s vital but unseen foundation—the store architecture. eCommerce Architecture: Your Online Store’s Foundation How you set up your store determines wh

Launched a store but conversions are slow? Looking for that special sauce for boosting sales? If you’ve been trying in vain to find a reliable way to improve bounce rates, gain customer trust, and skyrocket conversions, look no further. This article will tell you how to do it. Whether you’re a dropshipper or wholesale retailer, eCommerce trust badges are an awesome, yet often overlooked way to give your store that extra lift it needs to really get the profits rolling. Plus, they can give your brand that all-important good reputation on the web. Online stores have been cropping up left right and center, especially since the pandemic, and there is a veritable ocean of places customers can choose to buy from online. Unfortunately, for all its ease and conve

Some of the best Shopify alternatives are BigCommerce, Shift4Shop, WooCommerce, Wix, Magento, Squarespace, PinnacleCart, Ecwid, Prestashop, and Sellfy.

Even as far back as ancient times, shopping was never quite the buzzword for men as it was for women. The primitive-communal setup of our ancestors developed women as meticulous gatherers, while men were trained to be skilled hunters. Women had to be conscientious not to pick the wrong berries, as they might poison the whole group. Men, on the other hand, needed to act quickly or their kill might duck away. This ancestral imprint gives us a clue as to why women tend to shop more than men. But, just as they aggressively targeted their prey during primitive times, modern men don't really shop, they just buy. That Cro-Magnon, fast-twitch, impulsive hunting instinct has translated into simple impulse buying in the age of information.

Any online seller worth their salt is always looking for ways to maximize their income. This includes adding passive streams of revenue, and one of the most popular passive streams available is affiliate marketing. Affiliate marketing is basically the process of selling products for someone else, but without all the legwork. In many cases you can get paid for someone else's sale just by funneling buyers through to their site. The eBay Affiliate Program has traditionally been one of the most popular options for prospect affiliate marketers. It makes a lot of sense at first glance. If you're selling on eBay anyway, and you sell to visitors funneled from your own website, you can get paid twice. Of course, you can also get paid for money spent on other sellers' products. It sounds like a win-win. So why has there been so much derision, criticism, and all around scoffing mockery as to the efficacy of the eBay affiliate program? Is it really worth your time? Today's the day you find out, as we go through the data together.

Creating a dropshipping business plan for 2024 involves first doing primary and secondary research to identify a niche market with high demand. Next, find reliable suppliers who can guarantee product quality and timely delivery.

Are you looking for top PayPal alternatives for eCommerce? This is a list of the top 10 payment platforms today. Your online payment system could spell a massive difference in the success of your business.

Accounting for eCommerce is very different from other businesses and even physical brick-and-mortar accounting.

Starting a wholesale business requires the right kind of knowledge, whether building it from scratch or incorporating it into an existing venture.