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As a boutique operator who has been in the industry for nearly 6 years, I can be considered a veteran. Recently, the idea of working alone has been popping up in my mind, and I am struggling.
Let me talk about my situation first: I have been doing boutique operations for 6 years. Last year, I also trained others, especially in advertising. In this industry, my performance is not bad in the industry. During this period, I also worked as a supervisor, but the time was not long. My personality is not suitable for management. I have also operated a store from 0-1. From beginning to end, I did not lose money to promote new stores and new links. The links can make a profit in the second month and achieve a monthly sales of 400 orders. The advertising conversion rate reaches an average conversion rate of 300%. The purpose of saying this is that I think I am relatively experienced in Amazon operations. I have no problem with product selection, advertising, operations, and drawing. I plan to do a small investment, and the investment will not be large. To be honest, because there is not enough funds, there are only tens of thousands of funds at present. Due to the recent success rate, I think I can do it with tens of thousands (although I may be slapped in the face).
Here, I would like to ask the seniors about the following aspects:
1. Company registration: Do you choose to register a company with a registered address or a house in your hometown (if you register a company in your hometown, do you need to go back in person), how much is the registered capital, and whether the staff composition is sole proprietorship or joint venture;
2. What else is needed and what should be paid attention to besides the business license, such as credit cards, tax returns, etc.;
3. Trademarks: If you are considering the direction of precision development (concentrating on one category once it is stable, but I haven’t thought about it yet), which category of trademark registration would be better; what should you pay attention to when registering a trademark?
4. If you are considering a small product, with a cost of less than 30 yuan and a first-stage cost of less than 3 yuan, how much start-up capital is needed to keep it running?
There are senior colleagues who are working alone or preparing to work alone, and we can learn from each other.
"Wonderful Reply"
Monthly income: 1.8 yuan - Earn $1.80 a month and laugh all day Agree with: The Cat's Cigarette, The City of Kite Chasing, The Best Crisp Peaches, Black-bellied Wheat, hhj187785 More » As a former entrepreneur who died on the beach, I can only remind you of a few things:
1. Business license @EvanThis answer is quite suitable for you at present
2. Be sure to research the product and profit first, and be fully prepared before quitting your job to start. Treat yourself as an investor and make things as difficult for yourself as possible. Be sure to prepare all the details first, and it is best to record them in words or tables.
3. If you have a suitable partner or investor, you must be fair in your work and separate public and private matters. You must sign a contract for both big and small matters, even if you have to spend money to get the contract. No matter how good the relationship is, even if they have saved your life, you must make it clear up front. You must be fair in your work and pay attention to details. You must hold the decision-making power in your hands or hold a large proportion in your hands.
4. Choose someone you are familiar with for finance. Never give all the financial authority to others. If you know nothing about finance,
5. Combine all available funds and keep 20 to 30 percent as risk reserve funds, because accidents are bound to happen. For Amazon, time is money. Having reserve funds on hand can reduce losses in the first place.
It is said that the end of Amazon is to go it alone, but many independent players that I know have failed, and only a few have succeeded. Most of these few successful people are wealthy and can support them in trial and error. Another part also has their own resources, such as factories, information channels, and product channels. Only a very small number of them are able to start with a small investment for a big gain or to grow slowly and steadily. Otherwise, starting a business would not be so difficult.
Those Amazon entrepreneurs who failed generally did not fail because of Amazon itself, but failed in other areas.
Finally, I wish you success and set a successful example for many Amazonians who want to work alone!
Mumu cross-border workers - 8 years of boutique SC experience, Globalestore more exchanges Agree with: wanfenhaoyi, Daya Cross-border Amazon, Feifeifei's Feifeifei, Butter Duoduo Pineapple Bun, Jiangthing More » Going it alone/starting a business is always a popular keyword, because 99% of operators are looking forward to it. Regarding your question, I will share with you with an altruistic attitude:
1. Register a company: If you rent a house in Shenzhen, you can directly use the rental contract to set up a company (when communicating with the company to open it, it is best to ask them to bring you the service of opening a public account). It is a limited liability company with a capital of 50,000 to 100,000 yuan depending on your budget. You deposit the money into a public account. You need 2 people, a legal person and the other a supervisor. You can directly hold 100% of the shares to avoid European KYC (shareholders who hold more than 20% of the shares must submit information), avoid associations, and just be a sole proprietor.
2. In addition to the business license ①. For dual-currency credit cards, choose a reputable bank such as VISA/Mastercard. After successfully deducting the USD through other software, go to Amazon to bind it.
②. The agent who registered the company will arrange the tax return for you. ③. There are too many issues that need to be paid attention to. You have to ask them one stage at a time. Your question is the same as asking us how Amazon makes money.
3. Trademarks: For trademark registration, you can register for the category you want to focus on. For 3,500 RMB, one brand can launch many products without category review requirements. After getting the registration certificate in a week, you can apply for record exemption for listing products/you can also apply for the whitelist first.
4. Small products. The cost is less than 30, and the first leg is less than 3 yuan. If your target sales volume is 300/month, and you need 900 pieces of inventory for 2 months of shipping, the purchase price of this product is 29,700 yuan. If you exclude logistics purchases and calculate your profit margin at 30% (very difficult), you will need about 11 months. No more investment will be made in this product, and the money can be withdrawn. Anonymous user • Shenzhen • 2024-05-17 16:21 Thanks for the answer, I want to ask, can I not open a public account? Also, I don't dare to use the rental address for fear of association.
Mumu Cross-border Worker • Changsha • 2024-05-17 16:33 @Anonymous user: You must open a public account. All registered companies after July this year must pay their invoices in full. If you ask 1688 to issue an invoice, you must also open a public account. It is safe and compliant. You cannot save money. If you are afraid of association, you can use your hometown address and find an agent.
Sniff sniff sniff sniff • Baoding • 2024-05-17 17:09 @木木跨交打工: Hi, I registered my business license last month and filled in 200,000 yuan in capital, but they said they can review the capital after 10 years. Will this have any impact after July?
ly jwmt • Qingdao • 2024-05-18 07:02 @木木跨交打工: Hello senior, may I ask, if I get a special invoice for corporate payment and ship the goods to a warehouse in the United States, can I apply for export tax rebate?
Mumu Cross-border Worker • Changsha • 2024-05-18 08:50 @嗅嗅嗅嗅嗅嗅: The registered capital must be paid in full within five years. The newly revised Company Law will come into effect on July 1, 2024. Within five years, operate for two years to see the profit. If the profit is average, you can consider reducing the capital.
Mumu Cross-border Worker • Changsha • 2024-05-18 08:54 @lyjwmt : Hello, just call me Mumu. The process is relatively complicated. I suggest you find an accountant or financial consultant. The company is not big, and I am responsible for the operation module. I don't know much about export tax rebates.
Daya Cross-border Amazon • Shenzhen • 2024-05-20 13:37 Finally, I met someone who told the truth. It takes 11 months for the invested money to come out, and this is when all the operational links are going smoothly. 99% of the people who work alone don’t know how long it will take for the money to come out. Most operators can’t figure this out. Of course, it doesn’t matter if you don’t understand it. Just remember one thing: Amazon is a continuous investment, with continuous inflows and outflows. Only after the link is on track, the funds will start to make a profit, and then the monthly profit will be calculated based on the inflows and outflows. It will never be clear to calculate the profit according to the logic of the operation. The underlying reason for the smooth operation is very simple. Now many Amazon companies are relatively mature, and most operators only need to calculate the gross profit of the operation end, but those who work alone need to consider the capital turnover rate.
Any one • Asia Pacific • 2024-05-20 13:40 @lyjwmt : Your company must have import and export rights, your public account must be able to receive foreign currency, and you must have an overseas consignee (Amazon is just a platform, it is not your customer). If you don’t have any of these, some payment platforms also have this service, such as Pingpong’s Fumao tax refund. It means that it will go to the export customs in the name of a third-party company, not in the name of your company, and the foreign exchange will first go to their account and then transfer to you. This is roughly the model. We didn’t use Fumao. We learned about it a few years ago, and we don’t know how it works now. You can also go and consult.
p oom1128 • Guangdong • 2024-05-21 14:22 Could you please tell me how the 11-month cycle is calculated? With a profit margin of 30% and assuming zero ads to sell, it should be possible to recover the investment after 3.3 turnovers.
dnf smart • Suzhou • 2024-05-21 16:16 @poom1128 : My personal understanding is that he should use the 2-month headway and the purchase cost of 2.97 as the cost, and calculate it based on a 30% profit. The cost is 30, the profit per piece is 9, the monthly sales volume is 300, and the monthly profit is 2700. It takes 11 months to recover the cost of 2.97. But he calculated it based on the inventory cost of 2 months, not the inventory cost of 11 months (excluding logistics purchases). I don't know if this sentence means that the inventory cost is not counted later.
Mumu Cross-border Worker • Changsha • 2024-05-21 16:31 @dnf大智慧: That's about it. The calculation is rough. After deducting the advertising and logistics costs, if we can recover 30% of the cost each time, it will take more than 10 months if we don't invest extra money. This is why many people keep the money in the goods even though they can clearly make 10-15% profit. (New stocking requirements)
New JourneyL -Shenzhen Amazon cross-border person, hobbies Texas + outdoor, weekly activities, L1500755 Agree with: Alanokey, Tiankongzhicheng, Meimei's Feimao626, Renjiani Melancholy Guest, fineyishun more » Hello, we have been doing Amazon for 3-4 years. Let me share my humble opinion.
1. Company registration: Do you choose to register a company with a registered address or a house in your hometown (if you register a company in your hometown, do you need to go back in person), how much is the registered capital, and whether the staff composition is sole proprietorship or joint venture;
Just find a company that provides registration and bookkeeping services, which costs about 1,200 yuan a year. It is best to have an address in Shenzhen, 2 shareholders, 99%/1% or something like that, and a smaller registered capital of 10,000-100,000 yuan for easier capital verification.
2. What else is needed and what should be paid attention to besides the business license, such as credit cards, tax returns, etc.;
Dual currency credit card, company tax return is done by accounting company, 0 declaration
3. Trademarks: If you are considering the direction of precision development (concentrating on one category once it is stable, but I haven’t thought about it yet), which category of trademark registration would be better; what should you pay attention to when registering a trademark?
It doesn't matter which category of trademark you choose, as long as it passes, you can register it with a company.
4. If you are considering a small product, with a cost of less than 30 yuan and a first-stage cost of less than 3 yuan, how much start-up capital is needed to keep it running?
The threshold for fine laying is low, but it takes a little longer. The first year is the investment period. It is expected that the peak investment will be about 200,000 in 6-8 months. The income and expenditure will be equal in 2-4 months, and then it will start to make money after recovering the investment in 6-12 months. In other words, it will take 1-2 years to start making net money. If you don't step into the pit, persist in launching new products every week, and the profit margin is ideal, it can be achieved
If you need to work alone or are preparing to work alone, you can learn from each other. Evan - Post-90s Amazon Operations Agree with: Loss-making to send warmth, Xiaoxin surfing, wanyine, rzzr2024 I am also working on my own now. The company, store and brand have all been successfully registered. I am quite experienced in this area. Now I am sending FBA products. The products will arrive soon. I look forward to big sales haha~~~
Here are my personal insights:
1. Company registration: It depends on where you are. Registering a local company is convenient. Do not use a virtual address for Amazon, as it is difficult to pass the verification. You can rent an office or a cheaper shared office. The registered capital can be as low as 50,000 or 100,000. It is recommended to be a sole proprietorship. Registering Amazon will require less information and will be easier to pass.
2. Find a company registration agency for tax return, which has agency accounting services. Credit card registration is easy to get a Visa card from major credit card banks, such as China Merchants Bank and CITIC.
3. Trademarks: You can register a category of trademarks first. Register the one you want to do most and use it first. You can also sell other categories of products. You can spend money to add categories later. Don't buy brands, there are risks. Find a service provider to register by yourself. Now you can get a receipt in 1 week, and then you can use it on Amazon.
4. If you are considering a small product, with a cost of less than 30 yuan and a first leg of less than 3 yuan, how much start-up capital do you need to run it? ——I don’t know how to answer this question, so I won’t reply for now~~~ Anonymous user • Shenzhen • 2024-05-18 16:36 Thank you for your patient guidance.
Ev an • United States • 2024-05-20 16:03 In addition, in some areas, such as Shenzhen, you can register a company with a residential address, that is, the address of your own rental house (you can also register at the address of a rental house in a village in the city). Before registering, be sure to check whether the company has been registered at the address on Tianyan. If there is a registered company, verify whether it has been registered with Amazon! This is very important to avoid association. You can't get the water and electricity bills for renting a house. I suggest using a credit card bill. The credit card address can be changed by the bank! Then ask the bank to mail it to your address.
Agree with: op pineapple bun po, butter pineapple bun, human I melancholy guest 1. Company registration: Do you choose to register a company with a registered address or a house in your hometown (if you register a company in your hometown, do you need to go back in person), how much is the registered capital, and whether the staff composition is sole proprietorship or joint venture;
You can choose to register your address, and you need to fill in a verifiable address for your office address to prevent Amazon address verification later. You don't need to go back, and can directly find a local accounting company to submit the information. You can choose the smallest registered capital, which is basically 500,000 now. The staff is sole proprietorship.
2. What else is needed and what should be paid attention to besides the business license, such as credit cards, tax returns, etc.;
You need to register a dual-currency credit card. Many banks have this service. It is recommended to choose a large bank. In addition, some special sites may need to pay attention to the bank (the Japanese site does not accept credit card settlement from China Merchants Bank). Tax filing is not yet a consideration. You can declare 0 first and then study it later when the business is up.
3. Trademarks: If you are considering the direction of precision development (concentrating on one category once it is stable, but I haven’t thought about it yet), which category of trademark registration would be better; what should you pay attention to when registering a trademark?
For trademark registration, consider registering the category you prefer. Brand exemptions are currently available for all categories. When registering for trademarks, pay attention to choosing suppliers. Be careful not to cooperate with those that fail to meet your expectations.
4. If you are considering a small product, with a cost of less than 30 yuan and a first-stage cost of less than 3 yuan, how much start-up capital is needed to keep it running? The investment in products with costs below 30 is relatively controllable, but the overall funds still need to be prepared based on your target order volume. The difference in the amount of funds between 1,000 orders per month and 100 orders per month is very large. Generally speaking, it is more reasonable to calculate the purchasing funds at 2.5 times the monthly order volume. Agree with: Why don't you speak? 1. If there is no water and electricity bill under the name of the legal person, the address of the registered address and the hometown address are the same. Of course, if you find an unreliable registered address, the address may be related. The requirements for registering a business license are different in each place. If you want to go back, you can check the website of the local industrial and commercial department. If you don’t understand, just add a registered address or ask the customer service who does the accounting (you can search on Taobao) whether you need to register in person.
The registered capital has to be paid in full recently. If you don't have the money, it's better to write it lower. If I remember correctly, Amazon has no requirements for sole proprietorship or joint venture. It depends on how you want to do it.
2. There is nothing to be careful about credit cards. It is best to use a physical card of a legal person. Virtual cards can also be used. As far as I know, Amazon credit cards can be used in the wrong name. Most people now use a third party to receive payments. Just find a company to do accounting for you. If you need to register for VAT in Europe, it is best to be able to provide a lease contract for your registered address and an invoice for your business license. The UK VAT registration information is too complicated.
3. There is nothing to pay attention to when registering a trademark, just don't get a blacklisted lawyer. Nowadays, it is very easy to be copied if you don't have a trademark. It's annoying to have a bunch of copycats. It takes a long time to get the R mark certificate, so it's best to do it early, especially in the United States, where it basically takes at least one year.
4. Doesn’t the Qidong funding depend on your own promotion pace? Do you want to use time to exchange for profits or use money for a fast pace? And the differences between different categories are huge. When you ask this question, I feel that you haven’t decided whether to go it alone. Anonymous user • Shenzhen • 2024-05-17 16:18 Thanks for the answer, I understand. The question about start-up capital is a bit wrong. I dare not use the rented house address in Shenzhen for fear of association, so I consider registering in my hometown with my house. As you said, I am afraid that the registration is unreliable, and the more I can save, the better.
sunnyrain009 1. Registering in Shenzhen is very convenient. You can complete the entire process of registering and obtaining a business license online without leaving home. It is very convenient.
2. Find an accounting agency. You don’t need to save money on this. I have learned my lesson before. The annual fee is not high, within 1,200 yuan. It saves you trouble, and you can spend your time and energy on the right things. You can also entrust them to handle corporate accounts and various seals.
3. You can use it first and then register (you can still whitelist it now). Register for the category you plan to sell. Entrust a reliable intellectual property company to register on your behalf. Pay attention to the lawyer arranged by the other party. You can request to not be on the Amazon list.
4. See how long you can accept for the platform's funds to be recovered. If you can accept a loss of 200,000, then enter the market. If you only have tens of thousands of funds, don't quit, or you will starve to death. Tens of thousands of funds are only suitable for maintaining accounts, trading time for space. Enjoy the warm breeze - explore knowledge, never end Agree with: Dropping out of high school to start Amazon, FeiFeizz As someone who has been through this, I have something to say: Having the courage to go out on your own is the most important step. You are great, and this is the right path.
The seniors before me have already said all the things to note when registering a company, so I won’t add any more. I will mention some other small issues:
① Do not resign during the company registration process. After the company is successfully registered, you can work while working on your own. Do not resign in the first year of working on your own. Wait until the gross profit reaches 10,000 or 20,000 before considering resigning (if you work on your own and make hundreds of thousands, I'm kidding)
② Brand registration and product selection can be done at the same time ③ Compare freight forwarders and accounting and tax filing, brand registration agencies, making money is not easy ④ Determine the direction of product selection, it is best to select several products first to avoid registering an account and leaving it idle ⑤ If the product is not large, see if the place where you live is suitable for packaging. If not, rent a small warehouse. Compare prices, warehouses and offices are OK
Just talk about these first, come on young man Xiaoshuguang N92 - Always ignorant, always seeking knowledge Company registration: It is best to find an address company that can provide the legal person's water, electricity and gas bills, otherwise the second review will be very troublesome. It is also OK to write 10,000 to 50,000 yuan for the registered capital, and it is a sole proprietorship. For tax filing, just find a financial company to handle it in the early stage.
Credit card: This is simple. Just find a dual-currency bank to open one. The credit card can be for a legal person or someone else, but it must be a dual-currency credit card, that is, a credit card with a VISA or Mastercard logo on the card. Before registering, you need to activate the credit card, and the available balance on the card must be more than $40. The credit card billing address needs to be changed to the business license address or residential address by phone. In short, the platform must correspond to it, otherwise it may be rejected.
Trademark: You can find a service provider to register a brand with a US trademark. Amazon has many functions for sellers with brands. You can register a brand after the store is stable. The cost of registering a US trademark is between 2,900 and 3,400 yuan. Before registration, you must check whether the trademark is similar, and whether the lawyer is on the blacklist, otherwise the subsequent filing will be troublesome and the cost of similar responses will be very high. Lawyers are very important! Sometimes cheap products are not good. Garlic Fried Fish - A very delicious fish Agree with: Summer's Summer, The Melancholy Guest of the World, Ye Zi I have been in the industry for 6 years and I am considered a senior who has tasted the sweetness of Amazon's bonus. As a junior who has been in the industry for two years, I really recommend that bloggers find a good product supply chain first. Without a good product, no matter how high the operation ability is, it will not work. I am really troubled by opening up new land for my boss now. Registering store brands is not a problem. The most difficult thing is that the boss does not have a particularly strong product in his own supply chain. I have sent out two batches of goods (standard products) and have not started selling them yet. I hope everything goes well. The last sentence, don't quit your job before starting a business. I have seen too many bloody cases.
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