A Sellers Guide to VAT in Europe
Know where you stand with Brexit and your VAT returns for international sales before its too late. While you may not need to register yet, its good to know when and have a partner supporting you with the nuances and pitfalls in cross border selling fees, taxes and government requirements.
Amazon - The Evolution
Amazon is not the same company it used to be at its inception when ecommerce was still a relatively small industry. The online retailer only sold books at that time. Today, the planet's fourth most valuable establishment ships an unfathomable number of products to billions of people worldwide.
"I got into “multi-channel” selling a couple of years back, to increase sales and reduce the risk of all my income coming through one marketplace. It’s going well with sales on Amazon and eBay, including international sites, and my own store. If any one channel went down tomorrow it wouldn’t kill my whole business in a shot like it would have before..."
US or EU?
"I live in Italy and am currently selling on the five European Amazon marketplaces, but I want to expand further, to reach my goal of selling on all the markets served by Amazon. I think my next move should be to sell on Amazon in the U.S., because I think customers there are more used to buying products online than they are in Europe. I currently fulfill all of my orders using FBA and I would like to continue doing this for whichever marketplace I expand on to next.
My question is whether you think expanding to Amazon in the U.S. should be my next step, or if there is anything more I can be doing in Europe?"
– Loris B., Italy
New Brand in a New Territory
"My business partner has a best friend in Italy who makes high-end golf shoes using top-notch materials. This golf shoe is already selling well in Italy’s retail stores, for between €300 and €450. We want to help him sell his golf shoes in the U.S. through Amazon and eBay. The wholesale price for these shoes is about $120 dollars. I checked other branded golf shoes on Amazon and the price ranges from $120-$190.
I have been an Amazon FBA seller for almost two years now, but I still consider myself to be new. So, I’d like to know whether this would be a good move financially, and if I should test the market online first. Also, is it unreasonable to have the golf shoe maker sign an exclusive contract with my company?"
— Jean-Paul B., New Jersey