LAUNCH YOUR HOME-BASED RETAIL BUSINESS THROUGH THE ROOFWritten by Matt Brodsky
You had a great idea when you decided to open a home-based Internet retail business. You became a “power seller,” as people in online retail business world call you. Your goal is to move tons of merchandise through Web auction sites and classifieds services without ever leaving comfort of your home office. Drop shipping gives you opportunity to accomplish your dreams and more. The sky is limit if you know how to get your business off ground.Drop shipping can launch your business into successful orbit, but it isn’t rocket science. With this unique way of doing business, you enlist services of a wholesale merchandise company. The wholesale company takes care of stockpiling and storing of your product. It even covers shipping and handling charges when one of your customers orders an item. This means you don’t have to rent thousands of square feet to warehouse your inventory, and you’re free from liability that comes with direct delivery to your customers. Your only expenses are membership fee of your particular wholesaler, along with fees and percentages you lose to advertising and auctioning online. If you play your cards right with these fees, you can build yourself a very cost-effective—and most importantly, profitable—home-based business. Experienced online retailers have learned tricks of trade to do just that. Here are key secrets that they, your competitors, don’t want you to know. These three tips will stack deck in your favor, helping you to grow your clientele while avoiding pitfalls of doing ecommerce. Get sold on your wholesaler. Nowadays, wholesalers are a dime a dozen, so don’t settle on first one that comes your way. Let wholesalers compete for your business, instead of other way around. Many companies may offer specials to new prospective retailers. They may waive minimum order requirements, credit check, and prepayments if you sign up with them. Top-notch wholesalers could also offer international delivery or special net payment options. Avoid high expenses at get-go by taking advantage of such specials, and turn a profit a lot quicker. Sniff out whole-scammers. For every honest wholesaler looking to build a successful relationship with you, there’s a crook out there looking to do nothing but build his bank account at your expense. Avoid any wholesaler, for instance, who demands you pay an advance fee before you sign up with them. Be wary of wholesalers who claim to have thousands of items in their selection. These might not be wholesalers at all, but middlemen who are trying to bluff you. Instead of actually stocking these thousands of products, they actually buy them from a wholesaler, or another middleman, and resell them to you at a jacked up price, thereby cutting into your profits.
| | What is Check 21?Written by Wayne Akey
Word Count= 493 Word wrapped to 60 characters-per-linePlease feel free to publish this article in your Newsletter or on your Web site (with Resource Box Included). What is Check 21? Check 21 (the Check Clearing for 21st Century Act) allows banks to replace original paper checks (source document) with digital copies of originals. Why was Check 21 created? Check 21 will reduce time, risks and costs associated with paper check processing. Banks will be able to send digital images of checks electronically, eliminating need to physically transport paper checks between banks. Clearly there will be substantial costs and time savings to banks. What is a substitute check? A substitute check is a paper copy of digital image of your original check, called source document - both front and back, with all endorsements -and is about size of a business check. Check 21 legislation standardizes quality and allows for substitute checks to be legal copies of originals. Are substitute checks an acceptable proof of payment? Yes, everyone must accept substitute checks beginning Oct. 28. How will Check 21 impact me? DO NOT count on float time for your check to clear. Funds will be removed from your bank account much sooner than a paper check. If you receive your canceled checks with your statement, you may receive a mix of substitute checks and original checks. If you don't receive your checks back now, you may not notice any change. Check processing will be faster with implementation of Check 21. Funds may be removed from your account sooner than in today's system.
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