4 Tips For Scaling Your Ebay Resale Business

Perhaps your eBay resale business started off as just a fun hobby or way to make a little extra cash on the side, but your items have been unexpectedly popular and now business is booming. As you decide to transition from a small side business to making eBay your main gig, there are some practical things to keep in mind. Here are four tips for successfully scaling your eBay resale business:

Rent a Self Storage Unit

The bigger your resale business gets, the more merchandise you will have on hand. Unless you want to drive your family or roommates' crazy by stacking boxes and the items you're selling all over your home, you need a self storage unit, such as from Colfax West Self Storage. Having your own storage unit allows your business to grow without making your living space cluttered or chaotic. A self storage unit is especially crucial if you are selling larger items like refinished furniture.

You won't have to turn down items you find at yard sales or thrift stores that you know you can resell for a profit, because you'll now have the space for them! Storage units are secure, can be climate controlled, and some even come with electrical outlets if you want to set up a mini office in yours.

Consider Hiring a Part-time Assistant

As your business grows, you may become overwhelmed by the administrative and business tasks that start to pile up. Hiring a part-time assistant to handle things like emailing customers and shipping your items will keep your business organized, your customers happy, and free up your time for the aspects of your eBay resale business you truly love.

Hire an Accountant

One of the pitfalls of a growing small business is that taxes become much more complicated. Don't forget that if you quit your day job and turn your resale business into your main source of income, you will need to pay the employer's part of social security as well as self-employment tax. An accountant who specializes in eCommerce can also help you navigate the tricky waters of sales tax for online businesses.

Consult with a Business Attorney

Once your business really grows, it may make sense to incorporate as an LLC. This costs money and involves paperwork, but it will protect your personal assets from liability and can have tax benefits as well. Most attorneys offer a free consultation, so it's definitely worthwhile to at least sit down with one and ask for their advice.

By following these tips, you can scale your eBay resale business and avoid stress and potential issues in the process.

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