Category: Ebay Selling

The concept of arbitrage has been around since humans invented the concept of money. It’s best known by the adage “buy low, sell high.” Arbitrage involves buying a good or service for a certain price and then reselling it at a higher price to take advantage of market pricing discrepancies. You might be familiar with the concept of arbitrage when you picture day trading stock brokers or people who flip houses. Or, perhaps you’re familiar with geoarbitrage, which involves taking advantage of your currency by moving to a country where your dollar has more power. While these forms of arbitrage might seem extreme, there’s also a more accessible option: retail arbitrage. If you want to make money by buying and reselling everyday merchandise, learning how to start your own retail arbitrage business is the perfect business model to try. What Is Retail Arbitrage? Retail arbitrage involves buying products and reselling…

Freelance deposits are a great way to prevent nonpayments and unpaid invoices, ensure clients are committed, and maintain consistent cash flow. If you have trouble getting paid on time or you’re looking for ways to filter out flakey clients, it may be time to include deposits in your standard billing practices. From when to ask to how much to request, learn the basics of freelance deposits to help you start off on the right foot. What Is a Freelance Deposit? A freelance deposit is similar to a down payment on a car or home. It’s when you ask a client to make partial or full payment before you start work on a project. When freelancing, deposits are usually based on the amount detailed in your initial quote. For example, if you were to request a 50% deposit upfront, your client would be required to pay half the amount you outlined…

As a freelancer, getting paid on time and in full comes with many benefits, from improving your cash flow and helping you to pay bills on time to making your accounting a breeze. But it’s not always easy to get clients to pay promptly. If you aren’t clear and upfront with clients about when and how you want to be paid, there’s a good chance you’ll spend a lot of valuable time chasing your paychecks. Including payment terms in your contracts, quotes, and invoices clarifies your expectations in writing, encouraging clients to respect the due dates and payment methods you stipulate. What Are Payment Terms? Payment terms are the payment instructions you include in your freelance quotes, contracts, and invoices. They help to outline when and how you would like to be paid, giving your clients guidelines to follow. For example, your payment terms may state a check or credit…

According to the U.S. Small Business Administration Office of Advocacy, there are more than 30 million small businesses in the United States. When you consider how tempting the idea of being your own boss can be, it’s no surprise that millions of Americans choose to strike out on their own. However, starting your own business isn’t an easy feat. When you consider potentially high startup costs and the fact that roughly 50% of businesses fail within five years, putting money into a business idea might seem like too great a risk. Thankfully, due to the rise of e-commerce, it’s possible to start an online business without investing much capital or having to quit your day job. In fact, if you rely on dropshipping, you can create your own e-commerce business without handling inventory, employees, and order fulfilment. Like any business model, there are steps you can follow if you want…

When you first start a career as a freelancer, it can take a while to get your bearings. From managing your own schedule and attracting new clients to determining your pricing and doing your own bookkeeping, there are a lot of things to figure out and get used to. One aspect of freelancing that many independent contractors struggle with is what to bill for. Do you charge for a five-minute phone call with a client? What about if they booked an hour of your time but only used half of it? Before you start sending out invoices, make sure that you have a good understanding of what your billable and nonbillable hours are to keep your records clear, consistent, and clean. Billable Tasks Freelancers Can Include in Invoicing Billable work is made up of the tasks you take on and complete for clients that you expect to get paid for.…