Let's start with an announcement that we'll be welcoming a new addition to the family shortly and since I'll be home on maternity leave, I will need a way to generate extra cash from home. Hubby's wage will be covering the mortgage etc but we need to do renovations as well so that's where the extra cash will go.
This is where ebay comes in. Hoping some of you who are/have been running some sort of ebay business will be able to comment.
I have some ideas of the kinds of products I might sell and have scouted for some potential suppliers on alibaba.com - but, and here come the questions - how does importing actually work in terms of cost (shipping... what else?) and compliance with Australian standards etc?
Do I need an ABN?
Would you recommend setting up an ebay store?
How do you keep track of all the cost/revenue for the purpose of declaring to the ATO?
How do you deal with the logistics of having to post (potentially) many items per day - automated invoicing / some kind of postage labelling / packaging / dealing with post office...?
Any hints/tips/things I need to know?
Comments much appreciated
Oh I should add that I have sold household stuff we didn't need on ebay in the past so I have an understanding of how the process works, just not on a business scale.
This is where ebay comes in. Hoping some of you who are/have been running some sort of ebay business will be able to comment.
I have some ideas of the kinds of products I might sell and have scouted for some potential suppliers on alibaba.com - but, and here come the questions - how does importing actually work in terms of cost (shipping... what else?) and compliance with Australian standards etc?
Do I need an ABN?
Would you recommend setting up an ebay store?
How do you keep track of all the cost/revenue for the purpose of declaring to the ATO?
How do you deal with the logistics of having to post (potentially) many items per day - automated invoicing / some kind of postage labelling / packaging / dealing with post office...?
Any hints/tips/things I need to know?
Comments much appreciated
Oh I should add that I have sold household stuff we didn't need on ebay in the past so I have an understanding of how the process works, just not on a business scale.
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