Firing The Man Starting an E-Commerce Business: Needs & Wants
Episode 67
Are you planning to start an eCommerce business? Well, you’ve come to the right podcast episode. Today, Ken and I made a deep dive discussion about it, which we divided into two parts. The first part focuses on the needs of a business such as business name, employee identification number, and business bank account. The second part is all about Wants. They’re not really required, but they can make your life--and business--a lot better.
Listen to this episode and start your eCommerce journey!
[00:01 - 05:07] Opening Segment
- We introduce our topic for today
- Start with your business name
- What to consider in choosing a name
[05:08 - 10:03] Setting Up the Business
- Get an Employee Identification Number in 10 minutes
- Follow David’s tips
- Open a separate business bank account and checking account
- How to get a 5% cashback on your PPC (Pay-Per-Click)?
- Product vs. Inventory
- Listen to our exchange
[10:04 - 16:10] Physical and Digital Assets
- The physical asset you should have for your business
- Backup your important files with a dedicated cloud storage
- You need internet access for this
- Hear our thoughts about having a separate workspace
- Can be a simple corner in your house
[16:11- 20:17] Ways to Learn Business
- Is a mentor a need or a want?
- The other ways to learn your business
- Want some Amazon refunds? Check out Getida
- Promo code: FTM400
[20:18- 26:37] Ergonomic Office Setup
- The Mercedes Benz of office chairs according to David
- The perks of having a dual monitor setup for Ken
- How to set up an ergonomic office set up
- Link below
[26:38- 33:04] Ecommerce Hacks for Beginners
- Why have overflow storage for inventory?
- This is what David wished he has done earlier
- How to use product research tools for free for more than 30 days?
[33:05 - 39:04] Closing Segment
- Other physical assets you can buy
- Final words
Tweetable Quotes:
“If you’re stuck on [choosing a business name] and not moving forward, outsource it.” - Ken Wilson
“It’s a good way to skip to the head of the line...just get a mentor.” - David Schomer
Resources Mentioned:
- United States Patent and Trademark Office
- Internal Revenue Service
- LegalZoom
- Chase Ink Business Credit Cards
- Starlink
- Herman Miller
- Wall Street Journal video: Ergonomics Expert Explains How to Set Up Your Desk | WSJ
- A6 Binder Journal Refillable Notebook
- Onlinejobs.ph
- Fiverr
- Upwork
- Jungle Scout
- Helium10
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