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Discussion Starter · #1 ·
Hi..<br><br>
i've been posting all over the place since every day i seem to think of a new 'dream job' for myself .lol<br><br>
but this idea for a wahmbiz has been on my mind like mad..<br><br>
anyway i am about to sign up for hosting from wahmshoppes but wanted to ask u did u start with a website and fix it all up BEFORE u purchased ur products? or did u invest in the products first and *then* start setting up a website..<br><br>
i konw what i want to sell, i have a couple wholesalers, but i dont want to get *all* the products i plan on buying in teh beginning, just a few of a couple of items to see how it goes first and then with that money keep reinvesting till i can make bigger orders and expand...<br><br>
does that sound like a good plan?<br>
what else am i missing? other things i need to invest in besides the actual products adn website stuff..i know html so not worried too much about the site..<br>
shipping prices i'm also goin to look into<br>
but do u think it's a bad idea to start workin on my site first?<br>
if i'm forgetting something, let me know<br>
like do i *have* to register with a business license b4 i can buy things wholesale or is it ok since i'm selling from home?<br>
also, regarding a business plan, did u actually *write* it down or did u just have an idea in ur head as to what u wanted to do??<br>
dh thinks i should buy teh stuff first, but i was like some places wont even sell me stuff till i have a domain name (oooh i finally decided on a naem i absolutely LOVE)..see, part of my plan includes putting up information on my website too, articles, polls etc so ppl can read and buy<img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngbiggrin.gif" style="border:0px solid;" title="orange big grin"> so i want to get some 'substance' to my site b4 i start tryin to sell..<br><br>
sorry this is all over the place..it's past 2 am...<br><br>
hope someone can help me out..
 

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You should acquire a reseller's permit before you buy items wholesale. then you won't have to pay sales tax if you happen to be buying in your own state.<br><br>
business plan: My opinion is that you need to have a written plan of some kind. It does NOT need to be all fancy schmancy and detailed. But for your own sake, you should have your goals and plans written down in some manner. You don't want to take a bottom up approach to your business, just doing things because you can but not necessarily because you should.<br><br>
Knowing which opportunities to take and which to let slide away is a key part of running a business. Having written goals will help you decide what you should be working on and what you shouldn't.
 

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i vote for setting up the website first. i'm glad i have done this since setting up the website and getting everything in order has taken way longer than i expected. if i would have purchased the products first thats longer that i would have been sitting on them without being able to sell them and recoup the money. also i agree - you need the sales tax id before buying. good luck!
 

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Discussion Starter · #4 ·
i know that none of the items will be from here (i'm in ontario), so should i still get a reseller's permit? (is it also called the sales tax id?)<br><br>
what about a business license? do i *have* to get that if i'm running a home business (most of my customers will be american i'm sure)--it's not much anyway but i'd rather wait on $75 if i dont need it asap
 

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I have no idea about canadian laws on resale etc. But in my state a business license isn't required b/c I run my business out of my home. All I needed was a simple tax id to purchase at wholesale.<br><br>
I had my website up and running before I ordered products. I've been slowly adding more as I can(I didn't plan this business very well and am investing paycheck to paycheck) I'm also offering special pre-order pricing to some wahm's on my products to help keep my costs down and to help meet the min. orders. So far so good. With little to no advertising I've already sold over 800.00 worth of my products, the majority of that being pre-orders, but I've have 4 "real" orders from my store in the past week alone <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/banana.gif" style="border:0px solid;" title="banana"><br><br>
I guess I"m just not much for planning ahead, I kind of fly by the seat of my pants. The way I see it is, if I can't sell all the products I have, I can at least liquidate them for what I paid and recoup the money I"ve invested <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngbiggrin.gif" style="border:0px solid;" title="orange big grin">
 

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At least where I live, a business license is only necessary for certain types of companies. My business did not require a license. I did the DBA thing... paid a newspaper to run the DBA and then used it to get a business bank account.<br><br>
As a sole proprietor I just use my social secuirty number as my tax id.<br><br>
I would call the proper authorities and explain yoru business and see if you need an actual license.
 

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Discussion Starter · #7 ·
*
 

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<div style="margin:20px;margin-top:5px;">
<div class="smallfont" style="margin-bottom:2px;">Quote:</div>
<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;"><i>Originally posted by saffiyya80</i><br><b>thx..i dont need a licence where i live to run a home-biz-just need to register my name(free)<br><br>
any other tips?</b></td>
</tr></table></div>
You do not need a licence but you do need a tax id number for GST and for taxes. Without it you cannot buy from wholesalers.
 

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Ok...<br><br>
I'm in Alberta, Edmonton to be precise, and I did need to get a business license. I did it as a sole proprietor, and set up that there would be less than one business visit a day(it's mail order, so I get no visitors for business usually). It's cost me $50. This license allows me tp purchase from wholesalers. I found this out sitting through a NAIT lecture and a lawyer came in as a speaker about setting up your own businesses. I haven't registered for GST as I'm not makeing $30,000 yearly, it's a lot of extra paperwork for really no benefit. Now if I do, I'll surely do that. You can register your business name, but it's not necessary.<br><br>
I'd have a store front set up first. It can take alot of tweaking to get it to wor the way you want. You can then easily input your inventory.<br><br>
GOod luck to you!
 
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