Unquestionably, eBay is one of the dominant sales channels, with millions of sellers. For example, in 2017 around 6.7 million eBay sellers sold their products. Knowing these numbers, it is not surprising at all, that such a sales channel, should somehow divide their online sellers. To do that, they created a business account, which allows you to sell on eBay as a business. This option allows you to use your company name and unlocks other disparate advantages. In this article, you will find out why you should sell on eBay as a business and what kind of benefits it will bring to you.
When should you sell on eBay as a business?
First of all, it is a great option for those who resell items or sell a large number of goods. This option allows you to work in the same manner as with a marketplace when you simply sell new things on a sales channel. Also, sellers who sell items as a trading assistant and items that they have produced themselves should sell on eBay as a business. In other words, if you are buying stuff for your personal use and just selling old stuff, an individual account should be more suitable for you. In order to sell on eBay as a business, simply switch your individual account type to a business account. You can find this option in the “My eBay” section. Just remember that once you do this, you cannot revert it back to an individual account. In other words, you have to keep your business account for the rest of your time on eBay.
Advantages of eBay business account
- Use your company name. eBay creates an opportunity to legally work with your registered company name. It saves you from the frustration of searching for a suitable nickname.
- Lower taxes. On the one hand, when you sell on eBay as a business, you have to pay additional taxes on top of an individual account. On the other hand, eBay business accounts have more opportunities for deductions. If you do your homework, at the end of the year you will be saving money.
- Detailed listings. At first, you might think that listings already have enough details in them. Even though, when you sell on eBay as a business you can add additional terms, conditions and even contact details.