Maybe you’re thinking about reselling some products while you’re at school, college or work. You could register a business, register on eBay and buy and sell goods. Sounds so simple. But there are certainly a lot of questions that come to your mind. What do I have to consider legally? Where do I get my goods? What kind of goods do I sell at all? Perhaps you also doubt whether the whole thing is something for you and whether it is worth it.
Have you been a fan of Lego® from an early age? Do you want to get the most out of your hobby? Or you invest in Lego and want to buy as cheap as possible. Then you will be interested in the loyalty program of the Lego brand. For a long time now, the cult building blocks have been more than just simple toys for young children. With the detailed building sets you can create and display true masterpieces of construction art. For the far-reaching market of building blocks, Lego now offers their VIP program for you. This promises a number of different benefits and bonuses for your loyalty on a free basis.
Sneakers are among the most popular shoes. They have been socially acceptable for years, complementing the street look as well as the sporty-elegant clothing of men and women. Even on official occasions, such as a meeting, sneakers with a business suit nowadays leave a good impression. No wonder limited edition sneakers are selling well. People want to have shoes that no one else is wearing. Many sneaker resellers have also realized this. In numerous media information, on TV as well as on the Internet, you can always read about the superlative sneaker reseller who builds up a lucrative business with these popular shoes. To drive this business successfully, you need profound knowledge about the sneaker reselling scene. More ideas and sales opportunities will bring you experience and contacts from the scene.
The tasks of a freelancer or a trader also include the fulfillment of tax obligations. Depending on turnover and profit limits, the entrepreneur must keep his books monthly and prepare a balance sheet at the end of the year. Those who are not required by law to keep books determine their taxable profit by comparing operating income and operating expenses. The figures from the net income statement are included in the EÜR annex of the private tax return. This applies not only to resellers but also to small business owners and freelancers, who are classified as small business owners under VAT law. You can find out more about registering a business in our blog article on the topic of registering a reselling business.
For every reseller, it is essential to keep an eye on sales, costs, and profits at all times. A reasonable calculation is a basis for long-term sustainable business success. This can be done especially well with an Excel spreadsheet. Our free Excel spreadsheet not only does the calculations for you but also clearly visualize your sales, costs, and profit. All you have to do is read this short explanation and enter your own numbers. The spreadsheet will do everything else for you automatically.
The term reseller translates as reseller. This basically describes what this lucrative reselling side job is all about. You buy goods or services at a low price in order to resell them as profitably as possible.
