- Joined
- Jan 16, 2023
- Messages
- 13
Rep Bank
$345
$345
User Power: 146%
Hello all!
I am currently finishing up prototype testing for my very first product in my e-commerce store, and I'm now trying to get a quote on 1000 units of my product, so I can begin selling. Although I eventually will have my own website for the brand's products (commandment of control), I am starting on amazon.
- However before I can get the quote, my supplier says I need the address to where the products will be going (the amazon warehouse).
- And in order to get the address for the amazon warehouse I need to first create my sellers account
- But in order to create the sellers account I need to know whether to set the business type to "Privately-owned business" or "None, I'm an individual.
On first glance I would guess that I need to select "Privately owned business", but than it says "Enter Business name used to register with your state or government"
- So now I'm assuming I need to register my business as an LLC first before I create the sellers account?
please let me know if I'm answering my own questions, but my brain is starting to get jumbled and I didn't want to make a crazy error that could be avoided. Especially since amazon is borderline threatening me by saying "An incorrect selection may affect the status of your account." in all red lol.
Because my brand is not known yet I want to start with the individual account($0.99 a sale), so I'm not losing $40 every month before I start to profit. But does operating as a "privately owned Business" inhibit me from being able to sell with the individual account? Or can I be registered as a privately owned business and still have an individual seller's account?
I hope my post isn't too disorganized and that my questions are clear.
Thank you in advance for your responses!
I am currently finishing up prototype testing for my very first product in my e-commerce store, and I'm now trying to get a quote on 1000 units of my product, so I can begin selling. Although I eventually will have my own website for the brand's products (commandment of control), I am starting on amazon.
- However before I can get the quote, my supplier says I need the address to where the products will be going (the amazon warehouse).
- And in order to get the address for the amazon warehouse I need to first create my sellers account
- But in order to create the sellers account I need to know whether to set the business type to "Privately-owned business" or "None, I'm an individual.
On first glance I would guess that I need to select "Privately owned business", but than it says "Enter Business name used to register with your state or government"
- So now I'm assuming I need to register my business as an LLC first before I create the sellers account?
please let me know if I'm answering my own questions, but my brain is starting to get jumbled and I didn't want to make a crazy error that could be avoided. Especially since amazon is borderline threatening me by saying "An incorrect selection may affect the status of your account." in all red lol.
Because my brand is not known yet I want to start with the individual account($0.99 a sale), so I'm not losing $40 every month before I start to profit. But does operating as a "privately owned Business" inhibit me from being able to sell with the individual account? Or can I be registered as a privately owned business and still have an individual seller's account?
I hope my post isn't too disorganized and that my questions are clear.
Thank you in advance for your responses!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today