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Secrets of the eBay Millionaires
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http://www.mtc.gov/TXPYRSVS/actualpage.htm In order to resell items you buy wholesale, you ll need a Tax ID number. Having a Tax ID, in fact, is one of the things that wholesalers are sure to ask you for when you contact them. The Multistate Tax Commission provides a set of links to the tax forms web pages in many states.
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Networking is one of the best ways to get inspired, find support, be encouraged, and get problems solved on eBay. PowerSellers, like all eBay members, turn to online discussion forums when they need to boost their enthusiasm or simply commiserate with other entrepreneurs who are facing the same challenges. Here are a few places where PowerSellers can find help and support.
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http://forums.ebay.com/db1/forum.jspa forumID=4024 This board is for eBay members who want to learn from, and share best practices with, other community members about eBay data products available to help sellers track and analyze their sales over time. If you have problems or complaints about the way eBay tracks your sales, this is the place to compare notes with your fellow sellers.
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http://www.gopesa.org Many PowerSellers would love to be admitted to this group. PESA currently represents more than 700 high-volume eBay sellers who are responsible for $1 billion in sales. As a result, eBay really listens to this group. When they complain or make suggestions, things happen. Members have to meet two of the following criteria: $25,000 in gross sales, $1,500 per month in eBay fees, 500 feedbacks in the past 30 days, or 500 listings in the past 30 days.
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http://forums.ebay.com/db2/forum.jspa forumID=143 This board helps eBay members to learn all the latest selling tips, tools, and resources to maximize sales and build a thriving eBay business. eBay sellers, with the support of eBay staff, share their experiences, their feedback, and their most effective, time-tested strategies for success!
Appendix A:
Web Resources for PowerSellers
Tools for Tracking Income and Expenses
Conducting online auctions requires solid record keeping. Here are some powerful, yet user-friendly, accounting programs that can help you keep track of your expenses and earnings. The web sites associated with these products often include links to related sites where you can perform financial operations online, such as basic record keeping or payroll.
Microsoft Money 2005 Web Site
http://www.microsoft.com/money One of the distinguishing features of Microsoft Money is its level of integration with the Internet. You can get suggestions regarding online resources, such as to check whether your bank is online and then set up online banking. You can learn how to control your auction finances through the Money Academy and Money Wise web sites. You can also try a demo version of Microsoft Money 2005 Deluxe or Small Business. (A new version, Microsoft Money for the Pocket PC, is now available for mobile users.) Current users of Microsoft Money will find a set of Frequently Asked Questions, an offer for a free year of online data backups, and links to financial institutions that support Microsoft Money bill payments.
MYOB Web Site
http://www.myob.com/us/products You can purchase the MYOB accounting software from this site. You can also order a trial version of MYOB AccountEdge, FirstEdge, or Premier Accounting. MYOB accounting software comes in versions for Macintosh and Windows. Links to the MYOB eBusiness Gateway enable you to establish yourself as an American Express credit card merchant or automatically bill your customers.
Peachtree Office Accounting
http://www.peachtree.com Peachtree Accounting and Peachtree Complete Accounting allow you to work seamlessly with Microsoft Office products such as Excel and Word. Peachtree Premium Accounting is available for auction sellers with advanced accounting needs. A new product, Peachtree First Accounting, is designed for businesspeople who are converting a personal financial system to a business system. The Peachtree Software site is distinguished from its competitors sites by providing easy-to-find business services built around its software. Services include payroll and tax filing, bill payment, banking, and web site building. Peachtree Office Accounting and Peachtree Complete Accounting are available for Windows users only.
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