There are two types of transaction fees that you will generally be charged when you buy products from your e-commerce store. The first is shipping, which covers the cost of getting your product to your customer. The second is sales tax, which is usually required by your country to collect taxes.
Both are mandatory for retail shops in large countries like America, but can vary greatly depending on the size of your customer base.
Businesses who sell goods or services need to pay tax dollars to get them into customers’ hands. It helps keep prices low by allowing companies to stock more things than they would if there were no tax break.
Some businesses have larger operational costs that mean they require bigger cuts or exclusivity agreements with their suppliers to stay competitive. Tax breaks work as promotion tools, but are only helpful ways of keeping your business running at its best.
Your location should also play a role in how much tax you charge. In some areas it may be lower than in others, so do your research before spending money to increase your rates.
Also, be careful about selling used items. While many people prefer not to accept payment for returns, they can often offer less expensive alternatives.
There’s a one-time set-up cost to create an account with Shopify, but you pay nothing again unless you sell a product through your store.
There are no monthly fees for having an active shop. However, if you want to promote products from other brands, there is a fee of $99 per brand.
You can have multiple shops within your account, each with its own collection of customers and sales data. You cannot transfer products between accounts, but customers opening an account from another source may be able to purchase products in your existing account.
Each month that you have at least one open transaction in your account, you will owe money to shopify.com. When you make a payment, you will be given a refund check issued by PayPal.
Therefore, it is very easy to transition into using Shopify until you get paid directly by checking payments via PayPal. This could take up to 20 days depending on the size of your order and how much you use PayPal to do business.
To learn more about setting up a Shopify store, see our ‘How to start a small business’ guide here. For answers to any questions you have, visit the help section of their site.
They offer video tutorials as well as information written in plain English. You also receive email support from those working with their team when you need it.
There’s a 1% charge when you add shop payments to your store. This is known as an acquisition cost, or a payment processing fees.
This means that for every dollar you make in sales, Shopify will take out $0.99 and contribute it to their system.
Their payment processor takes care of the rest.
By having no additional charge, Shopify allows you to focus on what you are doing best — running your business.
There is a one-time setup cost when you open an account with Shopify. This includes creating a store, writing up your online selling details, taking care of any regulatory requirements, and more.
However, this initial step may be free for businesses who want to sell through Amazon’s platform. It’s also worth noting that there are no ongoing fees for having a shop on Shopify.
That said, many sellers find it difficult to cope with the limited functionality of the basic package without signing long-term contracts or paying monthly maintenance fees.
Another disadvantage of having an online store on Shopify is that you will have to pay monthly fees. Even if you don’t use any other features, such as posting updates or adding products, you still need to pay this fee.
This can be anything from $99 per month in order to host your product page (the basic option) up to $1,199 per month for a professional plan with additional features.
You can also buy annual licenses of Shopify which allows you to download your content once at a much lower rate.
There are several blogging platforms available, both free and paid. We’re going to focus on two here today: WordPress and Shopify.
We’ll start with the most popular one: WordPress.com. This is the free version of WordPress.org, where you can create a self-hosted website.
Things get more expensive as you upgrade to higher levels of service. For example, level 1 is 100 pages per month for $6, level 2 is 200pages per month for $12, and level 3 is 300 pages per month at $24. You also have access to your own domain name and hosting options if you choose to move forward.
Upgrading to a premium account on WordPress.com lets you write posts that use your custom template. Find out more about what they charge for here.
On the other hand, we’ve used the official shop owner app to publish content to our blogs. The mobile interface is slightly different from the desktop site. Here you swipe up and down to go through all the categories, while there are no themes or design changes. I’ll give you more details below in the tips section.
Buying a new blog platform requires some research. It should not be the first tool you try when thinking about how to grow your business.
That said, WordPress makes it easy and affordable to test out a topic before investing time and energy into it. Once you find something that seems profitable, you can promote it online and make money off of it.
Buying products through Amazon’s store, also called Merchant Warehouse or Mall Product Express, is a significant component of running an e-commerce business in today’s market.
If you sell physical goods, such as furniture or cars, then chances are that your customers already use Amazon for online shopping. You can access this information using Your Online Account, located under My Organization in Settings.
For those who don’t yet have an account, signing up is easy and takes only a few minutes. Once you do, you can begin uploading your product files and listing your items for sale.
You must upload all order forms and customer payment instructions before you will be allowed to list an item. When you get paid, make sure you send over the form with the check or money transfer immediately. This ensures we get credit for your sale and able to process any further orders quickly.