In my last blog, I described eBay's Market Conditions causing slow growth in an exploding eCommerce Marketplace, such as influence from Major Retail Stores and Chinese Import Suppliers, but this week I learned there is a larger influence taking away sales growth for Small Business eBay DropShip Owners and it looks like it will continue throughout 2018.
We all know, eBay stresses a great deal on rewarding sales to the the lowest price and it appears many eBay DropShip Sellers are complying by fraudulently charging customers with exorbitant State Sales Tax.
Think about it.
If you charged customers as much as 25% State Sales Tax, considered as pure profit, how low of a price can you offer?
Yes. Not only do these eBay DropShip Sellers charge DOUBLE the average State Sales Tax, yet also, Territories of the United States, as illustrated on the right from a Sellers Sales Tax Form.
Rampant STATE SALES TAX FRAUDS have been reported mainly from Chinese DropShip Sellers opening a hundred storefront accounts with a hundred bank accounts and ready to clear out and shut down any one at the first sign of trouble.
Foreign or USA Residency, any collected State Sales Tax must be paid to respective States, if not, it's considered FELONY FRAUD, subject to steep fines and imprisonment.
eBay is currently taking this matter under review to possibly use their bots to scan a Sellers Sales Tax Forms to spot these store accounts, but this is a slow process to develop and won't be available, if at all, in 2018.
Does this have an influence on eBay's Market Conditions?
You bet, perhaps even more than Retail Stores and Chinese Import Suppliers.
How do you compete?
Like all businesses, market conditions cause hurdles to jump and shifts in the way you do business. Focus attention on building high search engine ranked with higher profit listings to be seen by more potential buyers to overcome the low-balling price issue....And now...Learn how to capture more traffic to your listings from external social channels, generating more views and sales from external traffic with a boost in search results.
What you Don't Know...WILL HURT YOU!
If your a new and intermediate eBay DropShip Seller who seeks FREE advice from Youtubers, Udemy or inexperienced Group Members, now concerned about collecting State Sales Tax in 2017, facing potential State Sales Tax Fraud is....... a prime example of what you don't know will hurt you.
Isn't 2018 the time to upgrade your learning experience to build your business, like a serious Professional?
Ms. Debra Bee-Stefani
eBay Top-Rated Power Seller - eBay Trained Education Specialist - eBay Coach/Trainer - Designer of eBay's Award-winning 2018 Mobile-friendly SEO Listing Templates.
Specialized in: SEO Applications & Techniques; Higher Profit Strategies; Inventory Management and VA Services.
Coming Next! Pinterest. Done4you Keyworded Image & Keyworded Category Boards, a no-brainer Course designed to start driving traffic to your store listings immediately.
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