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Resale Certificates Explained

What are resale certificates? How do they work? Why do you have to get one if you have an e-commerce business? Let’s dive into it!

1. What are resale certificates?

Resale certificates are documents that allow retailers to purchase inventory and then resell it without paying tax. So, if you start sourcing merchandise from wholesalers, you’ll be probably asked to provide a customised resale certificate or number.

But do all retailers accept resale certificates? Let’s find out!

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How to Source Wholesale Merchandise

You’ve probably heard many times that selling online is one of the best ways for building and running a successful business from home. What you need to do is buy merchandise at lower prices from wholesale suppliers, and then resell them on reputable marketplaces, such as eBay or Amazon.

If you’re planning to start your business and always keep it stable, you need to make sure you source products that are not only reliable but also renewable. In other words, you need to find trustworthy wholesale suppliers you can source merchandise from that is both cheap enough and reliable.

Of course, there are advantages and disadvantages of wholesale sourcing. So, let’s examine both!

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Most Common Mistakes that Will Kill Your Amazon Business

As a company with huge share in online sales, Amazon is one of the most valuable marketplaces for any seller with an e-commerce store. Despite the high selling costs, Amazon is still one of the highest earning platforms you can sell on.

To ensure your business will flourish, you first need to learn how to properly manage your business processes as Amazon is highly strict when it comes to customer satisfaction. In other words, any mistake related to customer service, quality of inventory, etc. could be fatal for your business and kill your account.

We’re sure you don’t want this to happen and neither do we! This is why, in this article, we’re going to discuss the most common mistakes Amazon sellers make, and what you should do so you don’t fall into the trap!

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Top Ways To Find A Wholesale Distributor

Let’s say you’re starting your own business on Amazon or eBay. So, now you’re wondering what products to sell and where to find them at affordable prices. Don’t worry! We’ll help you out!

One of the best ways to source merchandise is to find a trustworthy wholesale supplier.

But what does wholesale mean and how do you exactly find wholesale distributors?

In this article, we’ll explain everything you need to know, and cover the best 15 ways you can find a wholesaler!

What is wholesale and how does a supply chain work?

Shortly, the manufacturer is the one producing the products. Then, they sell them to others in the chain (wholesale distributors) as they usually do not want to market their production. On the other hand, wholesale distributors act as the middlemen in the chain, and sell the products to retailers who have their own business. The reason why retailers prefer buying goods in large quantities is because they get them at much lower prices, and thus they can be sold on by retailers at a greater profit.

To ensure that you’ll increase your profits, the first thing you need to do is find who will supply you with the high-quality products you need at low prices.

So, let’s dive into the options...

1. Use a search engine

Typically, distributors don’t optimize their websites for Google. In other words, typing some keywords related to what you’re searching is a good idea, but have in mind that the right wholesalers might not always show up on the first search page on Google.

So, be patient and try searching for various terms, such as wholesale distributor, wholesale supplier, wholesale reseller, etc.

Once you find wholesalers you want to work with, make sure you contact them to ask for more information about their business, products and services.

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Amazon vs eBay: Which is the best platform to sell online?

If you’re reading this article, you’re probably wondering which is the best platform to sell online, Amazon or eBay?

To help you out, we’re going to answer some of the most common questions regarding selling online. Specifically, we’re going to cover things, such as:

Which is the platform that generates higher revenue?

How is customer behaviour Amazon different from customer behaviour on eBay?

Which are the products that sell good on both platforms?

Which platform costs more to sell on?

What is the difference between Amazon vs. eBay?

Which is the platform that generates higher revenue?

First off, looking at the revenues generated by Amazon vs. eBay for the previous year, Amazon is definitely the winner.

While Amazon’s annual revenue for 2019 was $280.522B (with a 20.45% increase from 2018),  eBay generated only $10.8B (just a 0.5% increase from 2018).

Of course, despite the fact that Amazon surpasses eBay in revenue, there are some pros and cons to both platforms that should be discussed.

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Tips To Rank Your Products On Amazon

You probably know at least one person who has generated great income from selling on Amazon.

But how do you become a successful Amazon seller?

One of the most important things is to understand how to rank your products.

Of course, it’s easier said than done, but in this article, we’ll try to teach you how to become the best in product ranking by using our key strategies.

Let’s jump right into these tactics.

Tactic #1: Source a Low Competition Product

Ranking #1 for a specific keyword on Amazon is not impossible if you’re ready to spend a lot of money on Amazon Sponsored Products. However, spending your money to compete for the top spots in the most competitive markets is not something that should be practised long term, as this method usually does not work well if you’re someone who wants to make profits quickly.

Okay. So, how do we define competition and how do we find low competition products to source?

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How to Sell on Amazon.com from Abroad: Step-by-Step Guide

So, let’s say you are based outside the US but you feel like selling on Amazon.com will help you increase your sales. Great! But now you’re wondering if there are less costly ways to do that?

Of course!

Good news is that you don’t have to ship your products from overseas and spend lots of money.

In fact, you can purchase products from wholesale distributors located in the US, such as 888 Lots, and then get your inventory shipped to a prep and ship company that will prepare and deliver it to Amazon warehouses for you.

Here’s how to do everything step-by-step!

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Top Mistakes To Avoid When Selling On eBay & Amazon

Selling online on different marketplaces, such as eBay or Amazon could be very profitable channels. However, there are many pitfalls a beginner could fall into. So, here is how you can avoid some of the biggest mistakes you can make if you’re just starting you e-commerce business on Amazon or eBay.

1. Set up the correct tax settings

Many merchants know all requirements for achieving success on marketplaces like Amazon. But what they usually forget about is tax. So, if you want to avoid problems when the time for handling sales tax comes, make sure all taxes for sales of your products are properly collected.

The Tax Settings page (in Amazon Seller Central settings, eBay’s My eBay setting) enables merchants to set the tax collection approach, product tax codes and set up other settings required in order to properly collect tax from buyers.

If things seem very complicated to you, one thing you can do is consult a professional on what you need to set.

2. Make sure you’re clear about your policies

Most customers on Amazon neglect the fact that they buy items from 3rd party merchants, not from Amazon.com. So, what they usually expect is to receive Amazon’s high level of customer service. In other words, sellers on Amazon are actually required to adhere to return policies that are at least as favourable as those of Amazon.

However, if you want to charge restocking fees or returns, you should include a description of your policy under the Returns and Refunds Policy section of your Seller profile page.

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