Home Business: The Business End of an Internet Business

The Business End of an Internet Business

Written by Chris Malta

Continued from page 1
3.) Obtain a Resale Certificate In almost every State you are required to have a Tax Resale Certificate (Tax ID Number). In Florida, we can get a Resale Certificate in about 20 minutes for $5. We must again show our Business Entity papers. This is done at repparttar

local State Tax Office. When you buy from a wholesale supplier, you will be asked to supply them with a copy of this certificate. They use it as proof to repparttar 116932

IRS that they are not required to charge you tax on repparttar 116933

products they sell you at wholesale. 4.) Open a Business Bank Account If you’re going to do business, you must have a business bank account. You’ll need your Business Entity papers, your EIN and your County Business License, (if required). Here, we can open a business account for a deposit of $50 to $100. Almost all banks offer business accounts. 5.) Open a Merchant Account The last thing you need is a Merchant Account. You’ll need everything you obtained in repparttar 116934

five steps above for this one. (Unless repparttar 116935

County Business License is not required in your State). This is repparttar 116936

thing that allows you to accept credit cards from your online customers. Without this, you'll get nowhere. Online buyers are instant gratification junkies. They want it NOW! If they have to mail you a check, they'll go somewhere else and buy. Merchant accounts used to cost a thousand dollars and more to set up. They've come down a LOT. We just opened a new one for a setup fee of $150. The Merchant Account will collect funds from your customers’ credit cards, and deposit those funds in your business account. The Merchant Bank will charge you about 2.2% of repparttar 116937

amount you charge your customer’s credit card, plus about 30 cents per transaction. Your Merchant Banker will help you to incorporate your Merchant Account into your Internet store software. Well, there it is. That’s repparttar 116938

business end of an Internet business. Sound complicated? It isn’t, really. The hard part is waiting for one thing before you can obtain repparttar 116939

next! As I said above, these are just guidelines. If you have questions, please consult a professional. Chris Malta WorldWide Brands, Inc. For more information, visit http://www.YouCanDropship.com

Chris Malta is a Microsoft Certified Systems Engineer. He has worked with computer Systems for 18 years. He's been involved in eCommerce systems, networking and site design for more than 6 years. He's taught college-level computer courses in Western NY. He developed The Drop Ship Source Directory, and he and his partners at Worldwide Brands, Inc., publish the Directory and run eCommerce sites of their own using Drop Shipping as their only business method.

Living a Relaxing and Profitable Lifestyle with the 80/20 Rule

Written by Chris Brown

Continued from page 1

Read on and see how we will utilize these ideas to free up some of our time.

For some of you, it will be hard to figure out what your vital tasks are from this visualization; I urge you to analyze your tasks on paper. Take a sheet of paper and make one line down repparttar center from top to bottom and one line across repparttar 116931 middle, side to side. Choose one of repparttar 116932 four boxes and write your ‘vital few' tasks; dedicate repparttar 116933 other 3 boxes to your ‘trivial many'. Use a pencil and eraser, sometimes repparttar 116934 trivial stuff becomes vital.

Make Time

You probably already have some sort of daily routine that you follow to complete your tasks. Focus only on repparttar 116935 ‘vital few' in this time; your work will take less time than you are used to. Now, make some time to relax, take care of some non business chores or just hang out with your family or some friends.

Tomorrow, or will it be repparttar 116936 next day, focus on repparttar 116937 ‘vital few' and get some work done. When you're done with your ‘vital few', go over to repparttar 116938 big box (metaphor) and get out some of your ‘trivial many' – work for a while.

Switch Daily

Day 1, work on your vital tasks and then take time off. On day 2, work on your vital tasks and then accomplish some of your trivial tasks. For day 3, work on your vital tasks and then go have some fun. Day 4 - work on your vital tasks and get some of repparttar 116939 trivial stuff done too. Repeat repparttar 116940 process during your weekdays and take at least one whole day off on repparttar 116941 weekend.

For all of your hard work, you deserve free time. Don't let repparttar 116942 trivial parts of your home business take up all of your personal time; enjoy life and remember to stay relaxed.

Summary

Find repparttar 116943 important tasks and take care of them daily; Find repparttar 116944 not so important tasks and only work on them every other day. On repparttar 116945 days in between repparttar 116946 not so important tasks, spend some time doing what you enjoy (besides working) and remember, don't forget to enjoy a full day off here and there.

Chris Brown is the webmaster at SuperiorIncome.com – an informative site – dedicated to those of us who work from home or really want to make money. If you are interested in *top quality* home business opportunities, tips about making money online and help from a straightforward friend that works from home, Grab a subscription to his F`R`E`E newsletter today at: http://www.SuperiorIncome.com

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