IN THIS ISSUE:
Happy Holidays To You!
As we say goodbye to 2004 and welcome in 2005, it's a great time
to look back over the year that's passed and look ahead to the
year to come.
In 2004, my oldest daughter got her drivers license and first car. She
also discovered boys, spent most of her free time at the mall, and
decided that her opinion was equally as important, if not more
important than, the opinion of her parents.
Oddly enough, it was also in 2004 that most of my hair started to turn from
brown to white. Go figure... :o)
This is also the time of year many entrepreneurs take stock of their
business. 2004 was a great year for me, business-wise, and I hope
it was for you, too. I will be sharing many new ideas with you
in 2005 and hopefully we can make a ton of money together.
One of my greatest joys is seeing others prosper in their own
online business. That's one reason I have started the series
of eBay and online success teleseminars with other experts who
can help you prosper in 2005. More on that below.
We have much to discuss this issue, so let's get started!
Read and prosper,
Tim Knox
ASK ME SOMETHING ELSE ABOUT EBAY OR ONLINE MARKETING
In November, I invited you to go to my website and submit your
most burning question about starting, running, and prospering
from your own eBay or online business. Within days readers of
this newsletter had submitted over 500 QUESTIONS!
To be honest, I was amazed at the response and the variety of
questions that came pouring in, including:
- What is the best product to sell on ebay or online?
- Where can I find products to sell?
- How do I build an eBay store or a website?
- How do I start or join an affiliate business?
- How can I market my website to get more traffic?
And on and on and on...
Since many of you might have missed submitting your question the first time or may have new questions you'd like to ask now,
I'd like to invite you to submit your questions to me at the new
website I have set up specifically for this purpose.
I can't guarantee that I will be able to answer every question that
comes in (there are only so many hours in the day :o), but I will
do my best to either answer your question by email or address
it in a future newsletter or teleseminar.
THE "E" IN E-BUSINESS DOES NOT STAND FOR EXEMPT
I've gotten quite a few emails recently from ebusiness owners who
seem to think that just because their business is conducted online
or from the comfort of home that the rules and regulations that
govern brick and mortar businesses do not apply to them.
The ebusiness questions I get most often do not involve building
websites or conducting ecommerce.
They are more what I call the "Do I Really Have To" line of
questions, such as:
- Do I really have to get a business license?
- Do I really have to get a tax ID number?
- Do I really have to pay taxes on income from my website?
Yes, yes, and yes.
Do I really have to get a business license?
This is one requirement that many ebusiness entrepreneurs think
they can skirt because they don't have a brick and mortar
establishment.
Sorry Charlie. Operating an ebusiness out of your office or out of
your home does not get you off the hook when it comes to licensing.
Depending on your location you may need a city and county license.
Luckily, such licenses are relatively easy to obtain and are not
expensive. For local licensing requirements, contact your city or
county government offices.
Home businesses are also subject to zoning laws that regulate how
property can be used and may restrict various activities. You should
check local zoning requirements and property covenants.
You can find this information at the court house or by calling your
local license department.
Legalities aside, the best reason to get a business license is it allows
you to set up a business bank account using what's called a DBA.
"DBA" stands for "doing business as." A DBA is another name that
you use in the operation of your business instead of your personal
name. For example your name might be Joe Jones, but you might
use "Jones Internet Services" as your business name. Having a
business license will enable you to set up a business account and
get checks printed with your business name, giving you that all
important air of professionalism that many ebusinesses lack.
Do I really have to get a tax ID number?
Online companies with a physical presence, or nexus, in a state
are required to collect and report taxes on sales of taxable goods
made to customers living within that same state.
For example, if your online business is based in California, you
must collect and report sales tax derived from fellow Californians
making purchases on your site.
For this reason you will be required to have a tax ID number if
you're selling taxable goods (most services are not taxed).
Getting a tax ID number is usually a simple process of filling out
a form and paying a nominal fee. You will file quarterly reports
and remit any sales tax that is due.
One word of warning: many entrepreneurs have gotten themselves
into deep trouble because they saw fit to spend the sales tax they
had collected instead of sending it to Uncle Sam. This can mean
death to your business and jail time for you. Many times this
mistake is innocently made when a business owner comingles
funds collected as sales tax with their normal business checking
account.
Open a separate bank account and deposit sales tax monies into
the account and do not touch it until the time comes to send
the money in with the quarterly report.
Do I really have to pay taxes on income from my website?
We've talked about this before and the answer is still the same:
Just because your income is derived from an ebusiness does not
mean that the income is not taxable.
It's not manna from Heaven. It's income so report it.
The point to remember is this: the "e" on the front of "ebusiness"
does not stand for "exempt." In the eyes of the law your ebusiness
is susceptible to the same laws and regulations that govern the
corner mom and pop, so make sure you conduct your business
as such.
NEXT LIVE TELESEMINAR SET FOR JANUARY 12, 2005
Imagine Having Three Of The World's Top eBay & Online Business
Experts Answering Your Questions Live On the Phone...
As my teenage daughter would say: "Wouldn't that be cool?"
Of course it would be cool, having three of the World's Top eBay &
Online Business Experts live on the phone with you, revealing the same
tips, tricks, and techniques that they have used to build eBay and online
businesses that generate $15,000, $25,000, even $50,000 in a single
month?
Wouldn't it be even cooler if these 3 experts spent a full 90 minutes
live on the phone with you answering questions you've submitted
and sharing their experiences and the secrets they have used to
make hundreds of thousands of dollars a year selling online and
on eBay?
Then let me invite you to join me live as I host the next:
"Secrets To Starting Your Own Profitable eBay or Online Business"
Live Teleseminar
Wednesday, January 12, 2005
5:30pm PST/ 6:30pm MST / 7:30pm CST/ 8:30pm EST
Visit The Teleseminar Info Page
This will be the 2nd in a series of live events that I have put together
for my subscribers only and it is designed to address YOUR specific
questions and concerns about YOUR eBay or Online business.
Last time we covered such topics as:
- Where to find products to sell for big profits
- How to write a title and description that sells
- How to use photographs to increase your profits
- How to avoid the costly mistakes many eBay sellers make
- How to sell over and over to one customer
- Much more was covered in this 90 minute live event!
What is a teleseminar?
It's a seminar you attend over the phone from the comfort of your own
home. All you need is a standard telephone and a comfortable chair.
No computer or special equipment is required.
Who are the experts that will be on the teleseminar?
Your questions will be answered by the team many are calling: The Three Wise Men of eBay and Online Marketing...
That's Jim Cockrum, Mike Enos, and Tim Knox (hey that's me :o).
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Jim Cockrum
Jim Cockrum has been selling on eBay since 1997 and has been helping others start successful eBay and online businesses since 2000. Jim's creative and unusual approach to eBay and Internet success has earned him many fans! He is currently best known for his top selling eBook titled "The Silent Sales Machine Hiding on eBay" that has been a top seller for more than a year on the most popular eBook website Clickbank.com.
Jim is the author and publisher of the most read eBay success newsletter on the planet called "Creative eBay Selling" currently boasting over 80,000 readers.
Jim has been consulted and interviewed as an eBay expert for multiple projects including books, radio programs, newsletters and even appearing as an eBay success story in the popular "Secrets of their Success" newsletter published by Corey Rudl.
You'll enjoy Jim's plain spoken yet very creative approach to success on the Internet and eBay!
What people are saying about Jim Cockrum
"We used Jim's Cockrum's book to get started selling paintball equipment online. We will hit about $220K this month on eBay and feel that $500K is our true potential. We should come in close to $6million in total sales with a little more than half of that being from eBay this year."
"Jim Cockrum's book is where I picked up all my secrets and enabled me to soar past 3,000 feedback on eBay - that's the highest in the whole of the U.K.!"
"Wow - I can not begin to tell you how your wisdom about ebay and ebusiness has helped me big time... Jim thank you for all the wonderful e-mail and info you are one of the best!!! "
"I am a seasoned seller and Jim Cockrum's ebook actually contained advice and tips that I would have never thought of that will actually help me and my ebay business. I’ve read some of the other books out there that were just thrown together with no research or hard work. Yours is actually helpful with up-to-date fresh ideas and strategies."
"I don't have any $2,000 dollar a day stories but I consistently bring in $1,500 a month on Ebay.com with just my front-end products and my expenses are just under $100. This is just my front-end! Thanks Jim."
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Mike Enos
Mike Enos is known worldwide as "The Platinum Powerseller."
Mike has sold over $607,000 on eBay in the last 21 months FROM HOME!
Mike received eBay's prestigious Platinum Powerseller award for achieving over $25,000 in MONTHLY sales and was invited to give three presentations on finding products to sell at eBay LIVE 2003 in Orlando, Florida
Mike has been written up in the Washington Post twice and has been a guest on multiple business radio shows.
Mike has been interviewed twice along with eBay's own Dean of Education Jim "Griff" Griffith on business talk radio.
He has helped thousands of people to start their own successful eBay selling business with his FREE eBay selling newsletter.
What people are saying about Mike Enos
"Hi Mike, I do enjoy your newsletter! I am a Platinum Powerseller and Shooting Star, and I think I know it all already, but I still get tips from you that are helpful and make me more money. and the newsletter is so entertaining with your personal stories, LOVE IT! I am so much like you, and I ALWAYS agree with the advice you give, you're right on the mark!"
"Mike, I subscribed to the Platinum Power Seller free Newsletter and in return I got free How Tos and Tools that was the equivalent to money in my pocket."
"To get ahead in eBay, just follow Mike's advice. He really knows what he is doing."
"I had a technical problem with eBay. I sent an email asking for help. Mike gave me the right answer to my problem in less than one hour."
"The Platunum Powerseller Nnewsletter for sure will stimulate your brain to generate new ideas unless; you're attending your own funeral... "
"Awesome tips and relevant comments. Helpful eye-openers, wonderful merchandise, & great links! Shared experiences and mistakes help the viewer learn more. A+, I most definitely recommend this website to all!!!"
"It couldn't get any better than this! If you're looking for some practical guidance on how to make the "Big Bucks" selling in eBay Auctions, Mike's is absolutely the best site to go to! Mike tells it like it is in a very fun and easy way to understand. No need to get the dictionary out."
"Have questions? Need help? Mike is there all the way! What more could you want? An excellent site - an excellent product - and the best of the best in customer service. And did I mention...an absolutely superb monthly newsletter?"
Mike Enos is an outstanding teacher and leader. The information I have received from Mike has made me more confident about my online business. The ideas Mike shares with you in his info could get anyone who is commited off and running with a profitable business. You can tell that Mike cares about the people he helps because he has always got his eyes open for new information to help us out. I want to Thank Mike for the awesome job he is doing!"
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And just in case you need a refresher of my story... :o)
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Tim Knox
Tim is a veteran entrepreneur and nationally known Internet, small business, ebusiness, eBay and dropshipping expert. Tim will gross over ONE MILLION DOLLARS this year with the majority of revenues coming from businesses that are conducted totally online.
He is a published author and syndicated columnist and is the founder of DropshipWholesale.net, an online organization that has helped thousands of ordinary people launch and prosper from their own Ebay or online business.
Tim is the author of two popular business ebooks: Small Business Success Secrets and The Amazing CD Money Machine, and writes the weekly newspaper column, Small Business Q&A with Tim Knox. Tim also writes the E-Business Expert column for Entrepreneur.com, the website of the national publication Entrepreneur Magazine.
Tim has helped launch eBay and online businesses for clients in the United States, Canada, England, New Zealand, Australia, Germany, France, and many other countries around the world.
What people are saying about Tim Knox
"Working with Tim has been hugely profitable. Using Tim's system I recently took in $3,848 IN 15 DAYS!"
"Tim's advice and techniques is dead on! Following his advice I raked in $1,906 IN 7 DAYS!"
"Tim, I've been searching websites for months looking for information on starting an Online Business. Your website is the most informative and easiest to understand that I have found. I want to thank you for creating this wonderful website."
"I am AMAZED at the speed and professionalism of Tim Knox. A great guy to work with. Listen to him and you will make money!"
"At first let me say i was really skeptical about Tim's advice, but I have come to realize just how damn lucky I was to come across his site! I am making really good profits and have been in business for only a few months."
"Tim, I know you are a busy man, so I will make this short and sweet! I just want to say thank you!! You and your business venture has indeed been an inspiration to a Canadian work at home Mom! Thanks!!"
"I made $10,000 on eBay in just 3 months following Tim's advice. The cool thing is I'm ONLY SIXTEEN YEARS OLD! Tim, YOU ROCK!"
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Here's the cool part: Jim, Mike and I will review all the questions
that will be asked through my new Ask Tim Knox website
in the coming weeks and answer many of the questions during this
jam-packed 90 minute teleseminar.
"Secrets To Starting Your Own Profitable eBay or Online Business"
Live Teleseminar
Wednesday, January 12, 2005
5:30pm PST/ 6:30pm MST / 7:30pm CST/ 8:30pm EST
Visit The Teleseminar Info Page
I guarantee that this will be the most important 90 minutes you could
ever invest in your online success. The information you will hear could
save you thousands of hours and earn you thousands of dollars.
The best way to learn is from those who have done it successful and
that's what you will get on from this teleseminar.
If you are thinking of starting an eBay or online business or if you
are an old hand just looking for new ideas, this teleseminar is for you.
To submit your question and learn more about the teleseminar click
the link below. After you submit your question you will be taken to
the teleseminar info page.
PLEASE NOTE: Only 150 phone lines are available for this teleseminar.
Phone lines are reserved on a first come, first served basis. Once
150 people have registered, this teleseminar will be closed to further
participation.
ADD AUDIO TO YOUR EBAY AUCTIONS TO
INCREASE BIDS BY UP TO 306%
DO YOUR AUCTIONS TALK?
One of the questions we addressed in the last teleseminar was how you can get MORE and HIGHER bids from your
eBay auctions.
The fact is nobody is going to bid on your items if you don't first get their
attention. And from the time they land on your auction page you only have 10 or 20 SECONDS to get their attention. During those few seconds you want to
get as much information across as possible.
With a typical eBay auction page each visitor has to scroll down the page and start
reading before you can grab their attention, IF, and
that's a big IF, your copy is well written and compelling.
What if the second they landed on your site, they started to hear your voice talk about your auction items?
That would certainly GET THEIR ATTENTION!
Think about it: Your voice grabs attention, creates credibility and conveys more information faster. As eBay expert John Reese says, THE MORE YOU TELL...THE MORE YOU SELL!
More importantly with audio playing in that first 10 to 20 seconds, you're now communicating with your visitors on TWO channels (their eyes and their EARS) instead of just one, their eyes. You can now get TWICE as much information across in those critial 10 to 20 seconds you have to capture their attention.
We all know what happened to SILENT MOVIES when the "talkies" came along... they went away. Adding audio to your eBay auctions will keep them from suffering the same fate.
Here's the cool part: a new service called SellersVoice lets you add audio to your auctions without any special computer knowledge or audio equipment whatsoever. All you need is a telephone and a voice, that's it.
There are five reasons I'm recommending SellersVoice:
- Adding audio increases your eBay bids by up to 306%
- Increased bids = higher prices.
- Higher prices = more profits.
- This offer is for a limited time only.
- You can take advantage of a special 3 week trial for only $1.
If you seriously want to increase the number of bids and profits you get from your eBay auctions, I encourage you to check out Sellers Voice at the link below:
Download This Month's Complimentary Ebook
MAKE YOUR NET AUCTIONS SELL
This ebook is a compilation of articles from the top eBay experts,
including Dave Espino, Jim Edwards, and yours truly.
Click the link below to save the zip file to your computer.
Recommended Money Making Opportunities
$16,756.00 In 12 Weeks!
My "Amazing Little Website" stuffed $16,756.00 into my bank
account in just 12 short weeks! It's now generating over $2,000
per week and I spend less than an hour a day tending to it! In
less than 5 minutes I can show you how it can do the same for
you!
The Official Powerseller's Online Auction Tool Kit
It doesn't matter if you're an eBay beginner or an experienced
Powerseller, the information in this huge 10 volume set will make
your profits soar! Written by REAL eBay Powersellers and Experts.
The Ultimate eBay Dropship Power Pak!
The Ultimate eBay Dropship Power Pak! gives you everything you
need to start your own online business TODAY! You get access to
our private dropship database with over 2,300 companies listed,
all our dropship directories, plus access to our ebook and
software libraries, all for 1/4 price!
The 30 Day Blueprint For Success! 4 Volume Set
If you have always wanted your own online business but have NO
EXPERIENCE, NO MONEY, and NO IDEA HOW TO GET STARTED, listen up!
The 30 Day Blueprint For Success gives you 58 highly detailed,
step-by-step blueprints for success! Starting your own online
business is as easy as 1... 2... 3...!
The Amazing CD Money Machine Is The Perfect Home Business
The Amazing CD Money Machine gives you the exact step-by-step
blueprint for success that I have used to build my own home-based
business into a $2,000 A WEEK MONEY MACHINE!
The Ultimate Dropship & Wholesale Company Directory
The web's #1 reference guide for finding 500,000+ dropship
products! Lists 700 dropship websites & 400 wholesale companies.
The eBay Powerseller's #1 Product Resource
As many as 150,000 people just like you have given up their jobs to create their own businesses selling from their own website or on eBay and other online auctions. Will you be next? The Power Pak gives you the tools you need to become an eBay entrepreneur today!
Learn more
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eBook Secrets Revealed
An Insider's Guide To Writing and Publishing Profitable Ebooks.
Complete instructions on how to create your own online business, and will teach you successful techniques for promoting it.
Learn more
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Starting From Scratch Has Never Been Easier
We asked 58 of the Internet's Top Money Makers: "If you lost it all tomorrow and had to start over with nothing but the brain in your head and the experience of your years, how would you get back on top in less than 30 days?" Their answers could make you rich...
Learn more
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The Amazing CD Money Machine Is The Perfect Home Business
The Amazing CD Money Machine gives you the exact step-by-step blueprint for success that I have used to build my own home-based business into a $2,000 A WEEK MONEY MACHINE!
Learn more
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TIM'S TOP PICK SPECIAL!
SAVE $50.00 AND GET WEB AUDIO PLUS FREE!
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