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10K Collective e-Commerce Podcast

Michael Veazey, Kevin King, Mike Zagare, Paul Harvey

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10K Collective e-Commerce Podcast

10K Collective e-Commerce Podcast

Michael Veazey, Kevin King, Mike Zagare, Paul Harvey

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Followers
0
Plays
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About Us

For Serious Amazon and e-commerce sellersmaking 6,7 & 8 figures plus in sales. We’ve in-depth interviews with serious e-commerce sellers; and with industry experts in key areas, like sourcing from China, custom manufacturing, and financing e-commerce expansion. We focus on strategy not tactics; brand-building, not short-term sales.

Latest Episodes

Omni Channel Marketing with Rytis Lauris

We discuss the basics and importance of omni channel marketing solutions, omni channel data and omni channel communication. Background Rytis is the Co-founder and CEO of Omnisend which is an omni channel marketing automation tool for e-commerce What is omni channel marketing? And why should e-commerce sellers use it? All of the e-commerce used to be separated - online and offline were very separate. In 5-10 years, customers will be able to buy wherever they want to. Online Social media On phones Offline/in store The idea of “e-commerce” will be just “commerce” or “retail” Marketing will also be Omni Channel It’s a variety of channels Promotion Apply Omni Channel Communication with existing customer bases. Email, SMS, Facebook and Google ads - good lookalike audiences Popup trend Around Christmas, there are seasonal stores Even in spring, there are a lot of 1-2 month popup stores Owning the channel and permissions You don’t own channels like Amazon Amazon is moving offline Amazon has more data than anyone else That enables personalisation Omnisend is trying to bring that ability to Amazon Ecommerce is booming but the lack of personal experience is an issue. Offline gives you that opportunity Why isn’t email alone enough? It IS still the most effective channel. But we should augment that. We should broaden our definition of “subscriber” as a consumer who gave us permission to communicate with them regularly. Allowing customers to choose the most preferred channels is important. However, email has and will survive. Omnisend started 6 years ago and it was just an email service provider. The venture capitalists struggled to. Omni Channel Data through Personalised messaging -what is it? Based on simple personal data eg name, city. More important is to personalise the messages and automating the data from the online store or the data you get from the customer's Behaviour. It’s based on triggers which initiate an auto campaign Eg if someone is looking at a specific category based on their browsing. So you can provide automated campaigns related to that. It’s not about demographics - may be the same person will be wanting a scarf in 3 months. What are the mechanics of that process? Shopify and Omnisend - connect Shopify with a marketing automation tool Build an initial profile based on past transactions When was last transaction When was the age shopping cart Do front end Excel tracking customer’s data based on their permission. So the content of the newsletter is often not related to that so there is room for improvement What to do in response? Start an automated campaign… send an email, maybe 2 emails (most cost-effective If no transaction, continue to send Maybe messenger Maybe WhatsApp If nothing happens, push the data to Google and Facebook ads Depends on which communication channel you have permission for SMS may be the initial channel. What is the value of SMS compared to email? SMS is very effective but costs a little more than email Gathering Multiple Permissions You can get a form and ask for permission via various channels Then your customer can tick the boxes they prefer Then it can be more contextual: A traditional popup,

24 MIN1 w ago
Comments
Omni Channel Marketing with Rytis Lauris

Amazon FBA Business for Sale with Mark Daoust of Quiet Light Brokerage

Putting you Amazon FBA business up for sale can sometimes bring about mixed feelings. Learn if you are in a position to sell your Amazon business. Who Quiet Light Brokerage work with Quiet Light Brokerage help online entrepreneurs to plan and execute successful exits. They work with both Amazon and E-commerce, plus SaaS. They work with a lot of “bootstrappers”. Most clients have a business around for 2-3 years or more. At the moment, one business around 25 years (ancient for internet business!). Business sales About $75M in enterprise value in 2019. In 2020, expecting $100M. Last year, 80% of Transactions were E-commerce businesses. Around 55% of those were based around Amazon: - 46% was strictly Amazon 10% mixed platform - including Amazon A lot of businesses have an off Amazon element. But to qualify as a “mixed platform” business, it needs to have about a 50/50 split between on- and off-Amazon revenue. Mark Daoust’s Background Been doing online stuff for going on 20 years. 15 years ago had a content website. He was newly married. Thought it would be fun to sell this. Hired an advisor (broker) and was very unimpressed. Marked looked at the broker’s work and thought, “He gets 10% off the sale value - how hard could it really be?”. This presented itself. Mark sold the business. Mark worked in some fledgeling businesses for a year - a good friend decided to sell a company. He knew Mark would help him with it. Mark did indeed get the business sold. The first 2 years was about honing processes two achieve two main aims: Making the transactions safe and secure in the M & A industry. How to really prepare a business for sale. How Mark felt like a business seller There were the usual exclusive contract and long agreement. But the broker didn’t seem to do much! For the business brokerage, the industry norm is that the value is in the number of contracts you sign, a certain percentage of those work, and that is how the brokerage makes money. Mark felt that the broker and seller interests were not aligned. Mark wanted to help business owners understand what drove the value. It makes the decision making cleaner. Mark’s experience selling his business Mark was just given a number for the value of $350K. Then the 1st offer was junk $75K. The second offer eventually went ahead at a slightly higher valuation, but still, way lower than Mark had been lead to expect. The aim is to be a real advisor - what is the value of the asset I’m holding? Should I sell or hold? It’s a critical decision and you don’t get two chances. So you want to be well informed as a business seller. Why bother selling a business if it’s a successful one? Mark suggests you shouldn’t aim to sell a good business if… It generates cash flow Not too much time Happy to do it It’s usually harder to create a new business than you think. Partly because luck comes in, so in this case, do not put your Amazon FBA Business up for sale. Creating twin values You have 2 values in building your business Cashflow (like stock dividend) You’re creating an asset (like the value of the stock) in your overall portfolio There does come a point in time when selling makes sense. That’s when you realise the asset value. Why sell? Especially with physical product business, most of the value you’ll get is when you sell.

46 MIN2 w ago
Comments
Amazon FBA Business for Sale with Mark Daoust of Quiet Light Brokerage

Reddit and Quora for Ecommerce Traffic with Davis Nguyen

Reddit and Quora for Ecommerce traffic are not yet widely used by marketers. You can have a great advantage once you know how to wield these platforms. Reddit Why Reddit is a great marketing platform in general There are people looking up the stuff you’re trying to buy There are self-forming communities If Davis was buying supplements, 2 years ago, he would type in “product name” plus Reddit They can’t do affiliate links there But you can put an ad in there. None of the big headphone companies was on the subreddit and there were 100K people there! Reddit results in Google searches Try typing in a product name on Google You’ll get Reddit results A lot of times to get reviews, Davis will search on Reddit It’s moderated so if it seems like you’re an affiliate, you get unbiased reviews Reddit ads costs Costs depend on the Subreddit and competition level Reddit can. be as low as $1-2 to get CPM (1000 views) of people who have Compared to Facebook CPM $30-50 Trust is there - there ...

41 MIN3 w ago
Comments
Reddit and Quora for Ecommerce Traffic with Davis Nguyen

Traffic Sources for Business with Davis Nguyen of My Consulting Offer

Traffic sources for business are all about knowing which one is the best ones to use. There are lots of new channels coming out and the shiny object syndrome comes up. Tune in to the most effective ones. Background Davis takes online businesses to 7 figures within a year. So far - coaching and info-product businesses. Grandmother Created a local store. Lesson: perseverance as a value (overcame Robbery and arson). Current business Worked at a startup before became an entrepreneur Started a side hustle in the living room while working at another company Wanted to be able to work anywhere Now lives/works in Asia or the USA (mostly San Francisco). 6 figure profit first year 7 figure profit second year Did have one physical product - tried to build a comfortable hiking boot Got design made by an engineer But nobody bought it Sell 10 pairs to test it’s a viable market How do you figure where to get traffic from? There are lots of new channels coming out when you try to find traffic sourc...

32 MINJAN 28
Comments
Traffic Sources for Business with Davis Nguyen of My Consulting Offer

Email marketing and Amazon DPS with Brad Moss of Product Labs

Email marketing and Amazon DPS is an advanced marketing platform that is new to sellers. You can learn more in today's episode with Brad Moss. Brad Moss CEO OF Product Labs, one of the largest Amazon consulting and technology companies in the world. Former Business Lead of Amazon Seller Central Platform and the creator of the Amazon Seller App. What Product labs do for sellers Amazon brand management - full service. Full amazon marketing. Innovative email technology (off and on Amazon) Strategy and analytics - 12-month planning. Support 7, 8 and 9-figure businesses. ($100 million a year) Email marketing It’s been around for a very long time. It can be effective. It’s hit a point where it’s not nearly as sexy as PPC etc. But Brad has developed a new system. What are the most important Email marketing principles Email campaigns - find people who are interested in topics. They either opt-in or opt-out of emails. Content about say, picture frames. Classic mistakes in email marketing ...

28 MINJAN 21
Comments
Email marketing and Amazon DPS with Brad Moss of Product Labs

Amazon metrics that matter with Brad Moss of Product Labs

Amazon metrics are a hotly debated topic. Sellers obsess over a range of KPIs. But which are core metrics and which are a distraction or less important? What really matters in Amazon Metrics /eCommerce metrics Conversion rate and traffic are the most important Amazon metrics on the revenue side Under conversion rate, the key Amazon metrics are: Price point, reviews, images, text. They have got a product to $1M run rate without any reviews. So That is an example of a seemingly important metric (reviews, average rating) being trumped by other factors. What other Amazon metrics matter? On the traffic side: Organic traffic vs. Paid Traffic Organic traffic (page views) Is all about how you’ve set your product up in the “back end” Don’t move product category - it’s a short-term category - but Amazon can restrict you. All keyword research is critical. It all contributes to the Amazon SEO. The way the algorithm works - it basically works on sales! There is a ton of speculation - and Am...

21 MINJAN 14
Comments
Amazon metrics that matter with Brad Moss of Product Labs

ecommerce growth strategy with Brad Moss of Product Labs

Ecommerce growth strategy sounds too abstract to get round to. In fact it's often the critical differentiator as Amazon hacks lose effect. eCommerce Growth strategy with Brad Moss Brad is CEO OF Product Labs, one of the largest Amazon consulting and technology companies in the world. They aim to be the "McKinsey of eCommerce". Former Business Lead of Amazon Seller Central Platform and the creator of the Amazon Seller App. What is eCommerce strategy in plain English? It means planning for the future. Especially for the unknown. Like chess - Brad used tothink “you need to know every move that your opponent could make” In reality - after trying to teach chess - he realised that it’s about keeping options open. "I may not know what’s going to happen but if I take this step, it will open four opportunities. Whereas that step will open only one." How does an eCommerce growth strategy translate into action for 7 or 8 figure sellers? Brad uses statistics to back up everything. Brad at A...

28 MINJAN 7
Comments
ecommerce growth strategy with Brad Moss of Product Labs

Paying Sales Tax for Small Business with Alex Oxford of Tax Valet

Do you need help in paying sales tax for your small business? Find someone who specialises in sales tax and eCommerce. Find out more on today's episode. Ongoing filings - how does this work? You’ve got to now do your returns. You’ll be given a frequency - monthly, quarterly or annually. You’ll need to submit your sales tax return to the sates and pay it. In some states, it’s 5 minutes’ work. Some states eg Texas will take hours - city, county, district, special district. DIY It’s hard to do it manually without Software. If you are planning to do it yourself, definitely use some kind of software Eg: Taxjar, Taxify, Avalara Getting help Find someone who specialises in sales tax and eCommerce. Even an accountant comfortable with eCommerce will probably not be able to help. A “general” business accountant may well be no use at all in such a specialised area. How do payments work? Once you have a US bank account that should be easy. Tax collection The collection should be fine on...

23 MIN2019 DEC 17
Comments
Paying Sales Tax for Small Business with Alex Oxford of Tax Valet

Nexus Amazon with Alex Oxford of Tax Valet

What is nexus Amazon? Learn why it's essential to learn about the tax nexus laws when you ship your Amazon items across different states. How do we determine where a business has sales tax nexus? What is “nexus”? You have a sufficient presence in a state to have sales tax responsibility. Sales Tax nexus results how? Physical presence Economic nexus Affiliates Employees, contractors, renting or leasing property The most common one for online businesses is an economic and physical presence. Physical presence If you’re based outside the USA, you may still have a physical presence if you have inventory stored there, including in FBA warehouses. A number of FBA warehouses have been audited - eg: Wisconsin Economic Nexus Passing certain thresholds on Nexus Amazon. Most common is $100K revenue, the other 200 transactions. They vary a lot in how they define. Example If I ship in stuff to LA (CA), and it gets moved into 3 states… bear in mind that Amazon will redistribute the inventory a...

26 MIN2019 DEC 10
Comments
Nexus Amazon with Alex Oxford of Tax Valet

FBA Sales Tax with Alex Oxford of Tax Valet

Sales tax is added to any taxable product. FBA Sales tax is no different, you collect it, you’re responsible and you have to pay it out to the government. Alex Oxford founder of TaxValet - eliminates the hassle and stress of US sales tax for domestic and international companies. What is US sales tax? A complicated mess! It’s very different to other countries eg UK. Many sellers are used to a VAT system. Sales tax is added to any taxable product. You have to remit it in a specific state if you have sales tax nexus. This is very different from VAT - you calculate it at the point it is due. You collect it, you’re responsible and you have to pay it out to the government. How can it impact e-commerce sellers? It gets particularly tricky if you have your own website. An online company could still have sales tax implications for FBA Sales Tax. It used to be based on physical presence in the USA but it’s no longer the case. Just making sales in the USA could take responsibility for FBA ...

33 MIN2019 DEC 3
Comments
FBA Sales Tax with Alex Oxford of Tax Valet

Latest Episodes

Omni Channel Marketing with Rytis Lauris

We discuss the basics and importance of omni channel marketing solutions, omni channel data and omni channel communication. Background Rytis is the Co-founder and CEO of Omnisend which is an omni channel marketing automation tool for e-commerce What is omni channel marketing? And why should e-commerce sellers use it? All of the e-commerce used to be separated - online and offline were very separate. In 5-10 years, customers will be able to buy wherever they want to. Online Social media On phones Offline/in store The idea of “e-commerce” will be just “commerce” or “retail” Marketing will also be Omni Channel It’s a variety of channels Promotion Apply Omni Channel Communication with existing customer bases. Email, SMS, Facebook and Google ads - good lookalike audiences Popup trend Around Christmas, there are seasonal stores Even in spring, there are a lot of 1-2 month popup stores Owning the channel and permissions You don’t own channels like Amazon Amazon is moving offline Amazon has more data than anyone else That enables personalisation Omnisend is trying to bring that ability to Amazon Ecommerce is booming but the lack of personal experience is an issue. Offline gives you that opportunity Why isn’t email alone enough? It IS still the most effective channel. But we should augment that. We should broaden our definition of “subscriber” as a consumer who gave us permission to communicate with them regularly. Allowing customers to choose the most preferred channels is important. However, email has and will survive. Omnisend started 6 years ago and it was just an email service provider. The venture capitalists struggled to. Omni Channel Data through Personalised messaging -what is it? Based on simple personal data eg name, city. More important is to personalise the messages and automating the data from the online store or the data you get from the customer's Behaviour. It’s based on triggers which initiate an auto campaign Eg if someone is looking at a specific category based on their browsing. So you can provide automated campaigns related to that. It’s not about demographics - may be the same person will be wanting a scarf in 3 months. What are the mechanics of that process? Shopify and Omnisend - connect Shopify with a marketing automation tool Build an initial profile based on past transactions When was last transaction When was the age shopping cart Do front end Excel tracking customer’s data based on their permission. So the content of the newsletter is often not related to that so there is room for improvement What to do in response? Start an automated campaign… send an email, maybe 2 emails (most cost-effective If no transaction, continue to send Maybe messenger Maybe WhatsApp If nothing happens, push the data to Google and Facebook ads Depends on which communication channel you have permission for SMS may be the initial channel. What is the value of SMS compared to email? SMS is very effective but costs a little more than email Gathering Multiple Permissions You can get a form and ask for permission via various channels Then your customer can tick the boxes they prefer Then it can be more contextual: A traditional popup,

24 MIN1 w ago
Comments
Omni Channel Marketing with Rytis Lauris

Amazon FBA Business for Sale with Mark Daoust of Quiet Light Brokerage

Putting you Amazon FBA business up for sale can sometimes bring about mixed feelings. Learn if you are in a position to sell your Amazon business. Who Quiet Light Brokerage work with Quiet Light Brokerage help online entrepreneurs to plan and execute successful exits. They work with both Amazon and E-commerce, plus SaaS. They work with a lot of “bootstrappers”. Most clients have a business around for 2-3 years or more. At the moment, one business around 25 years (ancient for internet business!). Business sales About $75M in enterprise value in 2019. In 2020, expecting $100M. Last year, 80% of Transactions were E-commerce businesses. Around 55% of those were based around Amazon: - 46% was strictly Amazon 10% mixed platform - including Amazon A lot of businesses have an off Amazon element. But to qualify as a “mixed platform” business, it needs to have about a 50/50 split between on- and off-Amazon revenue. Mark Daoust’s Background Been doing online stuff for going on 20 years. 15 years ago had a content website. He was newly married. Thought it would be fun to sell this. Hired an advisor (broker) and was very unimpressed. Marked looked at the broker’s work and thought, “He gets 10% off the sale value - how hard could it really be?”. This presented itself. Mark sold the business. Mark worked in some fledgeling businesses for a year - a good friend decided to sell a company. He knew Mark would help him with it. Mark did indeed get the business sold. The first 2 years was about honing processes two achieve two main aims: Making the transactions safe and secure in the M & A industry. How to really prepare a business for sale. How Mark felt like a business seller There were the usual exclusive contract and long agreement. But the broker didn’t seem to do much! For the business brokerage, the industry norm is that the value is in the number of contracts you sign, a certain percentage of those work, and that is how the brokerage makes money. Mark felt that the broker and seller interests were not aligned. Mark wanted to help business owners understand what drove the value. It makes the decision making cleaner. Mark’s experience selling his business Mark was just given a number for the value of $350K. Then the 1st offer was junk $75K. The second offer eventually went ahead at a slightly higher valuation, but still, way lower than Mark had been lead to expect. The aim is to be a real advisor - what is the value of the asset I’m holding? Should I sell or hold? It’s a critical decision and you don’t get two chances. So you want to be well informed as a business seller. Why bother selling a business if it’s a successful one? Mark suggests you shouldn’t aim to sell a good business if… It generates cash flow Not too much time Happy to do it It’s usually harder to create a new business than you think. Partly because luck comes in, so in this case, do not put your Amazon FBA Business up for sale. Creating twin values You have 2 values in building your business Cashflow (like stock dividend) You’re creating an asset (like the value of the stock) in your overall portfolio There does come a point in time when selling makes sense. That’s when you realise the asset value. Why sell? Especially with physical product business, most of the value you’ll get is when you sell.

46 MIN2 w ago
Comments
Amazon FBA Business for Sale with Mark Daoust of Quiet Light Brokerage

Reddit and Quora for Ecommerce Traffic with Davis Nguyen

Reddit and Quora for Ecommerce traffic are not yet widely used by marketers. You can have a great advantage once you know how to wield these platforms. Reddit Why Reddit is a great marketing platform in general There are people looking up the stuff you’re trying to buy There are self-forming communities If Davis was buying supplements, 2 years ago, he would type in “product name” plus Reddit They can’t do affiliate links there But you can put an ad in there. None of the big headphone companies was on the subreddit and there were 100K people there! Reddit results in Google searches Try typing in a product name on Google You’ll get Reddit results A lot of times to get reviews, Davis will search on Reddit It’s moderated so if it seems like you’re an affiliate, you get unbiased reviews Reddit ads costs Costs depend on the Subreddit and competition level Reddit can. be as low as $1-2 to get CPM (1000 views) of people who have Compared to Facebook CPM $30-50 Trust is there - there ...

41 MIN3 w ago
Comments
Reddit and Quora for Ecommerce Traffic with Davis Nguyen

Traffic Sources for Business with Davis Nguyen of My Consulting Offer

Traffic sources for business are all about knowing which one is the best ones to use. There are lots of new channels coming out and the shiny object syndrome comes up. Tune in to the most effective ones. Background Davis takes online businesses to 7 figures within a year. So far - coaching and info-product businesses. Grandmother Created a local store. Lesson: perseverance as a value (overcame Robbery and arson). Current business Worked at a startup before became an entrepreneur Started a side hustle in the living room while working at another company Wanted to be able to work anywhere Now lives/works in Asia or the USA (mostly San Francisco). 6 figure profit first year 7 figure profit second year Did have one physical product - tried to build a comfortable hiking boot Got design made by an engineer But nobody bought it Sell 10 pairs to test it’s a viable market How do you figure where to get traffic from? There are lots of new channels coming out when you try to find traffic sourc...

32 MINJAN 28
Comments
Traffic Sources for Business with Davis Nguyen of My Consulting Offer

Email marketing and Amazon DPS with Brad Moss of Product Labs

Email marketing and Amazon DPS is an advanced marketing platform that is new to sellers. You can learn more in today's episode with Brad Moss. Brad Moss CEO OF Product Labs, one of the largest Amazon consulting and technology companies in the world. Former Business Lead of Amazon Seller Central Platform and the creator of the Amazon Seller App. What Product labs do for sellers Amazon brand management - full service. Full amazon marketing. Innovative email technology (off and on Amazon) Strategy and analytics - 12-month planning. Support 7, 8 and 9-figure businesses. ($100 million a year) Email marketing It’s been around for a very long time. It can be effective. It’s hit a point where it’s not nearly as sexy as PPC etc. But Brad has developed a new system. What are the most important Email marketing principles Email campaigns - find people who are interested in topics. They either opt-in or opt-out of emails. Content about say, picture frames. Classic mistakes in email marketing ...

28 MINJAN 21
Comments
Email marketing and Amazon DPS with Brad Moss of Product Labs

Amazon metrics that matter with Brad Moss of Product Labs

Amazon metrics are a hotly debated topic. Sellers obsess over a range of KPIs. But which are core metrics and which are a distraction or less important? What really matters in Amazon Metrics /eCommerce metrics Conversion rate and traffic are the most important Amazon metrics on the revenue side Under conversion rate, the key Amazon metrics are: Price point, reviews, images, text. They have got a product to $1M run rate without any reviews. So That is an example of a seemingly important metric (reviews, average rating) being trumped by other factors. What other Amazon metrics matter? On the traffic side: Organic traffic vs. Paid Traffic Organic traffic (page views) Is all about how you’ve set your product up in the “back end” Don’t move product category - it’s a short-term category - but Amazon can restrict you. All keyword research is critical. It all contributes to the Amazon SEO. The way the algorithm works - it basically works on sales! There is a ton of speculation - and Am...

21 MINJAN 14
Comments
Amazon metrics that matter with Brad Moss of Product Labs

ecommerce growth strategy with Brad Moss of Product Labs

Ecommerce growth strategy sounds too abstract to get round to. In fact it's often the critical differentiator as Amazon hacks lose effect. eCommerce Growth strategy with Brad Moss Brad is CEO OF Product Labs, one of the largest Amazon consulting and technology companies in the world. They aim to be the "McKinsey of eCommerce". Former Business Lead of Amazon Seller Central Platform and the creator of the Amazon Seller App. What is eCommerce strategy in plain English? It means planning for the future. Especially for the unknown. Like chess - Brad used tothink “you need to know every move that your opponent could make” In reality - after trying to teach chess - he realised that it’s about keeping options open. "I may not know what’s going to happen but if I take this step, it will open four opportunities. Whereas that step will open only one." How does an eCommerce growth strategy translate into action for 7 or 8 figure sellers? Brad uses statistics to back up everything. Brad at A...

28 MINJAN 7
Comments
ecommerce growth strategy with Brad Moss of Product Labs

Paying Sales Tax for Small Business with Alex Oxford of Tax Valet

Do you need help in paying sales tax for your small business? Find someone who specialises in sales tax and eCommerce. Find out more on today's episode. Ongoing filings - how does this work? You’ve got to now do your returns. You’ll be given a frequency - monthly, quarterly or annually. You’ll need to submit your sales tax return to the sates and pay it. In some states, it’s 5 minutes’ work. Some states eg Texas will take hours - city, county, district, special district. DIY It’s hard to do it manually without Software. If you are planning to do it yourself, definitely use some kind of software Eg: Taxjar, Taxify, Avalara Getting help Find someone who specialises in sales tax and eCommerce. Even an accountant comfortable with eCommerce will probably not be able to help. A “general” business accountant may well be no use at all in such a specialised area. How do payments work? Once you have a US bank account that should be easy. Tax collection The collection should be fine on...

23 MIN2019 DEC 17
Comments
Paying Sales Tax for Small Business with Alex Oxford of Tax Valet

Nexus Amazon with Alex Oxford of Tax Valet

What is nexus Amazon? Learn why it's essential to learn about the tax nexus laws when you ship your Amazon items across different states. How do we determine where a business has sales tax nexus? What is “nexus”? You have a sufficient presence in a state to have sales tax responsibility. Sales Tax nexus results how? Physical presence Economic nexus Affiliates Employees, contractors, renting or leasing property The most common one for online businesses is an economic and physical presence. Physical presence If you’re based outside the USA, you may still have a physical presence if you have inventory stored there, including in FBA warehouses. A number of FBA warehouses have been audited - eg: Wisconsin Economic Nexus Passing certain thresholds on Nexus Amazon. Most common is $100K revenue, the other 200 transactions. They vary a lot in how they define. Example If I ship in stuff to LA (CA), and it gets moved into 3 states… bear in mind that Amazon will redistribute the inventory a...

26 MIN2019 DEC 10
Comments
Nexus Amazon with Alex Oxford of Tax Valet

FBA Sales Tax with Alex Oxford of Tax Valet

Sales tax is added to any taxable product. FBA Sales tax is no different, you collect it, you’re responsible and you have to pay it out to the government. Alex Oxford founder of TaxValet - eliminates the hassle and stress of US sales tax for domestic and international companies. What is US sales tax? A complicated mess! It’s very different to other countries eg UK. Many sellers are used to a VAT system. Sales tax is added to any taxable product. You have to remit it in a specific state if you have sales tax nexus. This is very different from VAT - you calculate it at the point it is due. You collect it, you’re responsible and you have to pay it out to the government. How can it impact e-commerce sellers? It gets particularly tricky if you have your own website. An online company could still have sales tax implications for FBA Sales Tax. It used to be based on physical presence in the USA but it’s no longer the case. Just making sales in the USA could take responsibility for FBA ...

33 MIN2019 DEC 3
Comments
FBA Sales Tax with Alex Oxford of Tax Valet
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