I am looking to sell my jewelry online. Do I need to get a business number if I only plan on selling $100 or $200 worth of jewelry each year, if I am lucky?
Check in with your municipal, county and state tax offices before selling your jewelry for the first time. They are the best sources for answers to your question about setting things up properly. Beyond complying with various tax laws, obtaining a business privilege license will let you legitimately request wholesale prices for the components you're using in your jewelry selling. Finally, having your licenses in order before you begin will give you the confidence to sell more! Check in with an accountant, as well, who can help you learn the ins and outs of running a profitable business.
- Dr. David Weiman
Dr. David Weiman is a respected expert in the field of marketing and selling handcrafted jewelry and a well-read contributor to Fire Mountain Gems and Beads "Ask the Experts". He is the author of Introduction to Marketing and Selling Jewelry, The Jewelry Selling Answer Book and The 5 Keys to Selling Handcrafted Jewelry. A free newsletter on selling handmade jewelry is available at his website: www.marketingjewelry.com.