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If you decide to start a business on Amazon, sooner or later you will face the need for expert help.
On the one hand, it will not be difficult for an experienced entrepreneur to conduct business on the platform, on the other hand, the unshakable “time is money” encourages you to look for smart specialists who will take on some of the tasks.
We suggest considering the arguments “for” and “against” outsourcing, as well as tasks that are 100% worth delegating.
Accounting is 100% worth delegating
One of those tasks that almost every business owner delegates. Outsourcing, hiring a specialist on staff or project cooperation, one-time consultations - everyone's choice.
However, it is not worth the trouble to delve into the depths of accounting operations and reports, especially since errors in this matter lead not only to financial fines, but also to criminal liability.
Plus, if you decide to tackle such issues yourself, be prepared to spend at least a week to understand the nuances. For example, how to pay sales taxes on US marketplaces if you are not a resident? How is VAT calculated: on the amount of the goods or on the marketplace commission? How to reduce the amount of tax deductions? How to register yourself: sole proprietorship or legal entity, etc.
So one of the first things you need to do when you get started on Amazon is find an expert who can help you avoid costly mistakes and keep you accountable.
Investing in a good accountant is always a profitable and long-term on page seo service investment. Financial transactions are 100% worth delegating
As you probably know, you can only withdraw profits from Amazon if you have a bank account in the US. It is logical that you need to register it correctly. As a non-resident of the US, you get a task with an asterisk.
Also, for business with America and Europe, you may need a VAT number (a unique identification number assigned for VAT tax purposes).
In general, it is better to coordinate any financial transactions outside your country in advance with an experienced lawyer. Such a person will help ensure the purity and speed of transactions, find the best way to convert currencies, and in general, save you hundreds of dollars on taxes and commissions.
Trademark and/or company registration is 100% worth delegating
In general, the US patent and registration system is largely free of the bureaucracy we are so accustomed to. However, you can still get bogged down in this matter by sending a document in the wrong format or without the right seal.
Setting up a business on your own can take 3-4 months, but with qualified help you can reduce this period to a few weeks.
This also includes registering directly on Amazon, since very often incorrect steps lead to account blocking.
Analytics is 100% worth delegating
Even if you are already successfully running a business on the trading platform, believe me, the indicators can be better. The analyst allows you to look at the process with a "fresh look" and see opportunities that you have not noticed before.
Is it worth delegating operational management of the store? - "for"
Routine always takes more time than solving global problems. It’s easy to get bogged down in it, depriving yourself of resources and time for scaling.
Therefore, no matter how trivial it may sound, you will not be able to effectively manage a store alone. In any case, you will come to the need to hire a manager, marketer, logistician, another assistant on staff. At least one, at most, with large volumes of tasks, you will need to rent an office and staff.
Of course, you can give tasks to freelance specialists - this is cheaper than outsourcing from a proven company, but it is also associated with huge risks.
Here's a short list of routine tasks that you probably won't want to do yourself:
adding products to the Amazon platform, filling out cards;
contacts with suppliers. In particular, coordinating delivery details, making adjustments to the product - this takes a lot of time, although it seems like an easy task;
inventory management;
on-site promotion: setting up Amazon SEO and PPC;
revaluation of goods, according to analytical reports.
And this, let us remind you, is only a short list. So outsourcing the operating system will be a wise decision that will allow you not only to save precious time, but also to intelligently increase your capital by choosing the optimal business strategy.
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