Business incorporation a decade or two ago is a tedious process that businesses often reach bankruptcy before being awarded corporation status. However, recent developments in the business world and the creation of Business Corporation Act make the process quicker and easier. Business journals outline three steps for business incorporation: securing corporate name, submitting required documents, and paying filing dues. These process can be done with the services of your lawyer or you can opt to D-I-Y.
First, secure and ensure a corporate name. Check other businesses' names before deciding on yours. Business incorporation processes are usually disrupted by businesses filing names already owned by other companies. Also, avoid naming your corporation names that sound and spell like other companies' names. Not only same sounding names might confuse possible clients, these can also cause your business to be overshadowed by the other company. This is especially true if they have been in the business longer, hence more popular.
Second, prepare all documents pertinent to business incorporation application. File these documents as early as you can for quicker processing. Third, pay all required state fees for application; taxes and other fees is a must if you want an efficient processing of your papers. State filing rates vary from state to state, these can be as low as $100 or as high as $400. Paying these dues is necessary to establish your company in that particular state.
These can be tedious steps if you opt to apply by yourself. D-I-Y application requires you to be knowledgeable about state laws concerning business incorporation. Preparing and collecting required documents alone is a long and ardorous task. In addition, you must follow-up and inquire about the status of your application with the authorized agencies yourself. However, using incorporation service groups reduces your burden considerably. After furnishing these companies with information, they will check the corporate name for you, file required documents, and even pay initial dues for you. In addition, they will also assume the duty of following up and inquiring about your application with the respective agencies. These companies have also done these application process many times, which translates into knowing key people inside these agencies which can give your paper or application a push in the right direction. This will result to an easy and efficient business incorporation application for you as their client.
Lastly, these service companies require minimal and nominal fees aside from state filing dues. To promote fast processing, they even allow clients to submit necessary data and information online. Though lawyers can do the job for you, you have to pay them hourly for their service. The cost alone might drive you to cancel business incorporation plans as it usually takes a month or so to be fully incorporated.
Easy To Do Business
1. First you need to decide if you want to make a business out of selling on Ebay or not. If you do then you do not want to be greedy in trying to make the biggest profit all at one time. By this I mean the reserve price. The reserve price is a price that you set at the beginning of the auction that you will only sell if your bidders reach this price. By setting the reserve to high, most likely you will not sell the item. Another error in alot of sellers is no reserve but the starting price is to high which will run buyers off. If you have to put a reserve on the item, start low and hopefully it will hit your realistic reserve price.
2. Determine what products you want to sell. Research different products that you might have an interest in. This could be sporting goods, clothing, jewelry, electronics or a number of items. Finally narrow it down to one or two different items. I decided to just stick with the electronics field which seems to do very well consistantly.
3. Suppliers are going to make you or break you. I found this out years ago. You need to find a good reliable supplier with good prices and hopefully dropshipping available. I try to find a supplier where I can make 10%-20% profit off of each item after my Ebay fees. This is what I was talking about earlier. You don't want to be greedy and try to make it all at once. Say you are selling a $100 camera, and you make $15 profit after your listing fees. Selling 10 of these a day calculates to over $1000 a week. It just keeps adding up if you don't try to get it all at once.
4. Finally I would like to talk about customer service. On Ebay, quite a bit of customer contact takes place before a sale is made, and it mostly is answering questions by people who have placed a bid or are considering placing a bid on your item. Customer service on Ebay, to a large extent, is a matter of checking your e-mail and responding to it in a professional an timely manner.
After a sale, customer service means making sure the merchandise is sent out quickly and that it arrives in good shape as described. One last piece of advice I would like to give is--1. Try to sell things that you know a little something about. 2. Try to sell items for which there is a demand on Ebay. 3. Always be there for the customer to answer questions.
I hope some of these tips will help you get started in the Ebay business. Just remember to have fun with it and don't stress yourself out. Below is a website address that will help you out with your product source.
Both Todd Lange & Optica0005 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Todd Lange has sinced written about articles on various topics from Disease & illness, Alcohol Treatment and Medicine. For more valuable information on business incorporation please visit http://www.incorporation-service.net. Todd Lange's top article generates over 823000 views. Bookmark Todd Lange to your Favourites.
Optica0005 has sinced written about articles on various topics from Patent and Trademark, Car Auctions and About Branding. About The Author:- For more useful tips & links, please browse for more information at our websitehttp://www.auction-entrepreneur-kit.com. Optica0005's top article generates over 18100 views. Bookmark Optica0005 to your Favourites.
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