Why is research important with reselling and how to form your business

When I pose that question, it can apply to almost any business you start. However, starting a business online is crucial to the companies success.

One of Schoder Media’s core services, E-Commerce consulting and coaching, helps future e-tailers build businesses that they can become self-sufficient and not have the 9-5 job that most of us have been a slave to in at least one point. My point of these blogs is to educate and entertain your way to find what will work for you to build a business.

As you start your business, you need to know is how to do your research. It’s not as simple as hanging out your shingle for your business. It takes time (and lots of it), some money, and knowledge of the business venture. The other factor that you have to consider is the idea of whether you like doing what you’re doing. It comes back to the idea that if you don’t like it, it’s kind of like sticking your finger in a light socket; if that’s the case, you don’t do it.

I’ve said; you spend a lot of your time researching, sourcing, and, most importantly, listing your items for sale on the different platforms you use. Most people like to think that being a reseller or eCommerce retailer is an easy go. If you believe that, I have a bridge to sell you. You need to take many things into account to start this business and every other company that you would even consider starting.

When I started the reselling and antique portion of my business, I came to realize I still had had a lot to learn. That was 2004; I got my undergraduate degree and needed a job that would help pay the bills. Most of 2004 were freelance writing and, the occasion, eBay sales. Since I was a small operation, I was a sole proprietor, doing all of the listings, packing, and shipping the items. It wasn’t an instant moneymaker, but it always made sure I could get food when I wanted it. When forming your business, an accountant will ask you questions like, what assets do you have that you would want to protect? If you have a house, generally, you should get at least a single person LLC. Any accountant or C.P.A. can get you started with the formation, for everything else, Drop us a line.