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eBay Bookkeeping Made Easy (EBay Selling Made Easy Book 12), by Nick Vulich
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Do you want to make more money selling on eBay?
Would you take business advice from a guy who sells bootlegged CD’s out of his trunk? Sounds like a silly question, doesn’t it? Well, don’t make up your mind too quickly. Let me tell you a story.
I used to work at a convenience store. When I first started, there were these two guys who came into the store.The bigger guy carried a black binder, that he held snuggly under his arm. “Do you watch movies,” he asked the girl I was working with. “Sure.”
And, that was all it took. He spread the contents of his binder across the counter, and started showing us his DVD’s. “Three dollars each, two for five dollars. Five for ten dollars. You won’t get a better deal anywhere.”
Those few words were all it took to get our money, and ten or twenty dollars more from several of our customers.
So why did I tell you that story?
Like most people, I can’t say no to a great deal. Only problem is, what seems like a great deal can quickly go sour.
When I got home, and we started watching those movies, the picture was bumpy, at times the picture or sound dropped out, and every now and then, someone would get up, and walk across the screen in front of the movie.
Those movies taught me a valuable lesson.
You can buy stuff on the cheap, but that’s all you’re going to get. Cheap stuff.
The same goes for advice. There’s a lot of free advice available on the internet, but a lot of it is overpriced, even when you’re getting it for free.
When I first started selling online, I got all of my tax advice from blog posts. One of things every blogger said was, “Don’t take the home office credit. It’ll trigger an IRS audit.”
I followed that advice the first couple years I sold online. I know I didn’t want to risk an audit.
Several years later I found an accountant. When he suggested I take the home office deduction, I looked at him like he was some sort of killer clown from outer space.
I asked if he knew how dangerous his advice was? I explained how I didn’t want to trigger an audit. I asked just what kind of professional was he to suggest such a thing?
And, that’s when I discovered this one truth that will help you make more money from your online business.
Not everything you read on the internet is true!
Shocking advice, but I stand by it.
……………
I’ve been selling online for fifteen years now. During that time I’ve learned a lot about bookkeeping, business permits, and taxes.
During that same time I have saved thousands of dollars in taxes by saving my receipts and keeping good records.
And, so here’s the deal…
> Did you know eBay has an app that can automatically import all of your sales, fees, and other information and crunch the numbers to show whether you’re making a profit or loss?
> Did you know that same app will also import all of your information from Etsy and Amazon, if you sell on those platforms?
> What would you say if I told you that you could save $500 or more on your taxes every year just by writing down the mileage when you head to the post office, store, or bank?
> And, you’d probably think I'd lost my marbles if I told you that you could deduct parts of your next vacation from your taxes.
It seems hard to believe, doesn’t it?
The last thing I need to tell you is I’m not a bookkeeper or tax professional. I didn’t study accounting in school, but I have kept my own books for fifteen years. I do my own taxes, and have them reviewed for accuracy by a professional. That one step saves me hundreds of dollars every year, while lowering my contribution to my accountants new Mercedes fund.
The advice in this little book can easily save you thousands of dollars every year. The question you need to ask yourself is, is it worth investing $3.99 to save thousands of dollars on your taxes?
- Sales Rank: #96325 in eBooks
- Published on: 2014-05-05
- Released on: 2014-05-05
- Format: Kindle eBook
From the Author
Tell us about yourself and how many books you have written.
Hey everybody, my name is Nick Vulich and I just completed my newest book -�eBay 2015.
�
I started writing about two years ago and it's been a real blast. Most of my books offer short, easy to read solutions to life's everyday problems. My bestsellers focus on ecommerce - How to sell on eBay, Amazon, Fiverr, and Etsy. Recently I published my first book of humorous essays -�Life Without the BS. It's part biographical, part political, and just a touch on the wild side.
What is the name of your latest book and what inspired it?
The most recent book in my eBay series is�eBay 2015: 5 Moves You need to make Today to Sell More Stuff on eBay.
�
It was inspired by all of the changes occurring on eBay over the past year. For those of you unfamiliar with selling on eBay they have two major updates every year, the Spring Seller Update and the Fall Seller Update. Each time a new seller update is released there is a mad scramble by eBay sellers trying to update their listings and stay in compliance with eBay's new rules.
The spring seller update last year was a real bear. Sellers were forced to resize all of their pictures to meet eBay's new size requirements so they would display properly when enlarged. This year's fall seller update begins with a new set of seller standards. Five star feedback is no longer the goal. Instead sellers are graded based on their defect ratio (a measurement eBay has developed to enhance buyer satisfaction).
Besides the new seller updates sellers have been faced with several other challenges this year. Many sellers have seen their sales come to a dead stop when eBay hides them in search for one reason or another.
Mobile selling has also created new opportunities and challenges for sellers. It can put you in front of more sellers as buyers hop on their iPhones and tablets to make their purchases. It can also shut your listings out so mobile buyers can't see them if your listings include HTML codes or embedded pictures, thus sellers are faced with a Catch-22 of sorts - Better looking listings, or more visibility in eBay search.
eBay 2015�is an attempt to help sellers keep up with the ever changing face of eBay.
Do you have any unusual writing habits?
I hate to admit it but I write best when I'm laid back in the recliner watching TV and sipping on a Diet Coke. Just to put it out their -�Psych, Family Guy, American Dad, and the�Simpson's�set the backdrop while I'm writing. Sometimes I'll slip in an occasional episode of�Monk�or�Two and a Half Men.
�
What authors, or books have influenced you?
When it comes to writing advice Steve Scott is probably one of my favorite authors. His books are easy to read and packed with advice.
�
My favorite books have to be the historical novels of Kenneth Roberts written back in the thirties and forties -�Arundel, Northwest Passage, Boon Island, and�Lydia Bailey. They're great stories, historically accurate, and totally absorbing no matter how many times you read them.
I also have to thank my friend Mike for introducing me to Tolkien and the�Lord of the Rings�way back in my early college days. I recommend this series to everyone.
What are you working on now?
Right now I'm looking at writing more short humor, history, and essays. For next year my ecommerce focus is going to be on mastering Amazon and Kickstarter.
�
Do you have any advice for new authors?
Read everything you can. Write as much as you can, and don't limit yourself to just one subject or genre. More importantly, don't be afraid to fail. Not all of your books are going to be successes, and some of them can sit there for six months or a year before they finally take off and start selling. It's just the nature of the beast.
�
What is the best advice you have ever heard?
I hate to admit it but most of the advice I listen to I take from�Family Guy, the�Simpsons, andAmerican Dad. Thank you, Seth MacFarlane and Matt Groening.
�
What are you reading now?
Steve's Scott passed out a great book tip, and I've been underling passages as I read through it -Write. Publish. Repeat. by Sean Platt and Johnny B. Truant. It's loaded with solid advice for Indie authors.
�
I just finished reading�Zealot: The Life and Times of Jesus of Nazareth�by Reza Asian. It's a fascinating look at the life of Jesus, early Christianity, and the first century BC. Next on my list is�Killing Jesus�by Bill O'Reilly and Martin Dugard.
What's next for you as a writer?
By the middle of the year I'm planning on switching my focus to historical writing. Subjects I see in the offing are the Spanish American War, Theodore Roosevelt, George Washington, Thomas Jefferson, and more.
�
If you were going to be stranded on a desert island and allowed to take 3 or 4 books with you what books would you bring?
Easy choices -
�
Northwest Passage�by Kenneth Roberts.
Candide�by Voltaire.
A Confederacy of Dunces�by John Kennedy Toole
Jacques the Fatalist�by Denis Diderot
From the Inside Flap
The one sure thing about eBay is that it's always changing.
I've been selling on eBay since 1999 and in that time the company has made dozens of changes that have affected my business - some of them good, some not so good. The best advice I can give sellers is be open to change; experiment often with new products, services, and apps; understand that big changes come to eBay twice a year- in the fall and Spring Seller Updates.
Sometimes the seller updates are easy to adjust to. Perhaps a few minor category changes, or perhaps new shipping and handling or return policies. The 2013 Seller Updates pushed many sellers to the limit. Fees changed and became tied to the eBay store levels sellers have. New picture requirements went into effect as sellers made a mad scramble to get their listings updated.
The final outtake as usual is a better buyer experience.
To thrive and grow in 2014 your eBay business needs to be fresh. You need to be nimble and able to react quickly, no matter if you're responding to eBay mandated changes, or competitive pressure from other sellers.
That's what all of my books are about.
They teach you the basics. They share stories about how other sellers got started and grew their businesses. They give ideas for sourcing products and writing strong product listings. No BS, no filler. Just lots of good useful information you can use over and over again, whether you are new to eBay or have been selling here for years.
Whichever one of my eBay books you choose to read, please know they have all been updated, and reflect current information and policies for selling in 2014 and beyond.
From the Back Cover
What's the worst thing that can happen?
�
Sounds crazy, but that's the question I always ask myself when I'm getting ready to try something new.
You can dream all you want about the big bucks you're going to make when you start selling hundreds of those cool widgets every day. You can dream about that huge new house you're going to build with a five car garage to house your exotic sports car collection, the fancy swimming pool out back, and the home theater in the basement that seats twenty-five.
You want to know what? That's the BS the snake oil salesmen sell you on when they're pushing a get rich quick opportunity.
If that's what you think eBay is all about, get it out of your head right now. Every Power Seller I've ever known or talked with has worked his ass for every penny he made. Sixty to seventy five hours a week is not uncommon among eBay's top sellers. I don't see many of them driving fancy sports cars, or living in luxury mansions. They work a full time job, and plow most of their money back into growing their eBay business. It's an obsession.
Getting back to what I said about what's the worst that can happen. Whenever I'm considering a new product, I always ask myself what if it doesn't sell, and I'm stuck with it. What's it going to cost me? Can I recover from it if it's the world's worst idea? The thing I want to stress here is I'm not going to bet the farm on a long shot. The lotto gets up to $400 million I'm willing to drop two bucks on a shot at it. I see a fantastic product idea, I'll drop a few bucks to give it a try, but I'm not going to bet the house or kids on an untried idea. I'm going to baby step it, and that's what I'd suggest you do.
So what's all of this got to do with buying my book? Simple, it's loaded with everyday practical advice to get you started. I'm not going to tell you that you can become a power seller working two hours a week in your spare time, and I'm not going to send you to some drop ship site where you'll find the same lame stuff everyone else is selling for no profit.
I'm going to talk to you like a friend, and tell you what's worked for me. If it makes sense, you can put my advice to work for you today and every day. If after you read it you think I'm selling you a line of bullshit, you can return the book to Amazon and get your money back within seven days.
Fair enough?
Most helpful customer reviews
6 of 6 people found the following review helpful.
Major Accounting Tip for Ebay Sellers!!!
By Terri M. Fraser
Had some great tips, however the main info I was looking for was not in this book. Ebayers should know, there is a threshhold for 1099-K reporting with PayPal to the IRS; 200 items & $20,000 in sales. If you exceed this, a 1099-K is generated and you MUST report your income to the IRS. My problem was I was selling a collection of cameras and accessories for a third party, and the IRS received the total amount sold, which was not my income, only part of it was. I was dinged a whopping $15,000 in tax, fees and penalties!!! I am still working with a tax accountant to clean up my mess.
3 of 3 people found the following review helpful.
Very helpful
By Amazon Customer
A good quick easy to read book. I will start to use many of the tips starting today. I would recommend this book. Thanks
5 of 6 people found the following review helpful.
This is a had to have book. Will
By Lief Ayen
Yes I read this book in one day. I believe before you start this book would help you. Before starting get this book.
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