Do you want to sell shoes online? There are so many shoe shops online and competition is really stiff. If you want to make it big, you will need to specialize. Why don’t you focus in selling running shoes? This type of shoes never goes out of style. Almost everyone uses running shoes, not just athletes. Before you proceed, work on your business plan. Identify the running shoes that you want to sell like Puma, Adidas, and Nike. These are the most popular brands today. There are many sample plans online that you can use as basis for your business plan.
You may be thinking that if people can’t afford to buy from major retailers, where will they get the money to buy from me? Major companies have major overhead. A major department store has lease obligations as well as insurance, utilities and staffing costs. A smaller business has lower overhead and therefore can offer lower prices. The digital age has reduced that overhead down to almost nothing.
Law is law. You should check out your county’s website and find out the requirements for operating a retail business. It’s not a difficulty job. Generally, you will need a Business license and State resale license. Obtain a business license from the county that you will be selling in. Don’t forget to go to zoning and make sure your location is approved as well. Once you have a Certificate of occupancy, you may contact your State’s Department of Revenue or Tax Collector and obtain a resale certificate. This is usually free. And if you want to do the wholesale on eBay, this step is not necessary.
Now if you are using eBay or Amazon they will handle all of the billing for you. They of course will take a cut, but so will the bank, if you sign up for a merchant account. They will even calculate shipping for you.
One problem you may run into. They almost continuously assume you know what on-line retail means. Well if you’re extremely beginning out and have never done this before, you may not apprehend what it means to have a on-line retail store. With out obtaining into nice detail. On-line retail suggests that you find a wholesale business that will sell you there product at a true wholesale price. You then flip around and sell it on your net page for the retail price. Pretty easy right. No not so simple.
Characteristics of the Property: Depending on the type of property you are buying, the guidelines may be stricter, or the interest rates higher. For example, if you are buying a condo or a manufactured home, you will probably have to pay a higher interest rate. If you are buying a 4-plex or a condo in a high rise, you may have to come up with a down payment. Any property that has more than 4 units is considered commercial, and you must obtain a commercial mortgage.
Now you have a choice to make. You can either sit back and complain about the economy and wait for a government bail out to fix things (which will never work). Or you can fill the void left by that mega corporation that just failed. The choice is yours. I wish you well in whatever choice you make.