Is it TOO LATE to start reselling? A reseller CPA's perspective 

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Reselling is a great way to make extra money you don't need. Trying to do it full time will usually lead to burning out or going broke.

My sales have been fine, not as strong as last year, but this is my hobby job and I love doing it. The extra money i bring in gives us money to do vacations or bless someone in need. I don't "have to" do reselling, I get to because it is a hobby that makes me money and is fun!!!!

Oh Yes. I recommend this order CPA, DBA(registered with county or state), EIN(Sole starting out), Separate business account(you need the DBA/EIN), Getting inventory organized including a inventory/accounting system in place, Getting the shipping systems and carriers in place, Listing double your estimated daily live number to build that draft bank up over a few weeks, then making things live while maintaining that draft bank/live number while shipping things out and dealing with customer service. It sounds complicated. But once you break it down and do the work it is not that scary. If your starting out on your own out of your house/Garage kind of deal with no employees or "storefront" property where someone can get hurt then a sole is all you need. If you have an employee(1) or something/some place you are at someone besides yourself can get hurt(2) or your doing a service (like landscaping etc) where your actions do 1 OR 2 then that is when a LLC should be used. There are exceptions but generally if it is just you selling exclusively online a sole is recommended. Your a sole by default. But you still need a DBA, EIN, and separate account to save several headaches(and lots of backtracking/lost deductions). A LLC is the next step once you get to that scaled position and a S-corp that cherry to aim for. I am not a tax pro this is just my opinion that if your on your own selling just online you should go Sole starting out. Once you get employees/do a service where you can get sued you need a LLC. Once you have enough employees your doing meetings then you can get into that magic S-corp.

I am glad I found you! Thank you for your inventory spreadsheet. We have been using it and it’s so helpful.

Great info as always thank you!

tHanks for the video....very well presented.

Thank you.

My sales are dead. This isn’t sustainable any longer for me.

My wife is reselling on ebay and the key she says in sourcing. Like make sure you don't overspend and look at sell threw rates before you buy

Where can I find that report?

good stuff Mark! Can you post a link to the report?

I’m stressed about the tax stuff, do you take clients or have someone to recommend?

If you know what you doing then yu can make so much then others doing a 9-5 🤣🤣🤣🔥

It’s not worth it in 2024 to start reselling.

reselling is dead. RIP eBay.