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Step 1
When you decide to start an online business buying only wholesale , you need to be prepared for several issues that will certainly pop up along your journey. First, you'll want to make sure your business structure is setup correctly. Don't be foolish and think just because your business is online that you can get away without paying taxes. Setup your business as a corporation or LLC in order to protect yourself and gain huge tax benefits. The cost of doing this upfront is higher but the longterm benefit is worth it. There are even services online that will setup an LLC for under $500. You can checkout Mycorporation.com for a very affordable service.
Step 2
Lets say you want to setup an online business selling jewelry. After setting up your business structure, you'll need to visit your local board of equilization and get a resellers permit. Most states provide a permit for free after filling out a form. Now that you have a business license and resellers permit you can begin the hunt for products.
Step 3
Starting the search for good suppliers can be tricky. If you are looking for wholesale jewelry on the Internet you will most likely find a bunch of fake offers. When I say fake, I mean the products are not quality items usually. Lets face it, it costs money to make money and you will be better off starting your search with a paid service such as world wide brands. They offer a huge directory of the companies. If you are looking for a product like wholesale jewelry, you will have no problem finding one there. They also offer a directory of dropshippers as well which can really help if you do not plan on holding large amounts of inventory.
Step 4
Setting up your website.
Now that you have a place to buy wholesale jewelry or whatever item you will be selling, the next task is to get hooked up with a good website. Don't bother buying a cookie cutter website that looks like a million others. Again, the idea is to create something unique. Hire a service to build your site and get it done right the first time.
If you follow these steps you can build an Internet empire from nothing. It takes time and determination to build an Internet business. Don't start off looking for a grandslam when you're just now getting up to the plate.
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