18:01:42 From Rhonda Eaves : hi everyone 18:02:03 From Tina VonSeth : Hello from Wisconsin! 18:02:54 From Tina VonSeth : you are talking but it really breaking up. 18:03:15 From April Hoyle : Can I mention something about naming your business that I found out when attempting to go through incfile? It is quick but helpful. 18:03:24 From Sheyenne Clark : I'm behind, but I refuse to beat myself up about it. 18:03:38 From Julia Test : Absolutely share it April! 18:03:47 From Reyna Diaz : Yes please April 18:04:08 From April Hoyle : it is hard to type out 18:04:25 From jenniferhogan : spilled hot tea in my lap once while talking with a client on the phone 18:04:32 From Sheyenne Clark : Please April 18:04:42 From Beth : I'm having connection problems :( I'll have to watch the replay. 18:05:49 From Reyna Diaz : If I add a DBA to my name can I do business under both names? 18:06:16 From Tina VonSeth : I'm going to logout and back in...hopefully I can hear u then 18:07:47 From Sheyenne Clark : so what do we do if that happens to us? 18:08:13 From rubi : I didn't experience that issue. I had no problem and I'm in Tx too. 18:08:40 From rubi : I did it by myself...ah ok! 18:09:08 From Jamie : I'm struggling with prices, I have been looking at product to buy and I feel like the wholesale prices on some of the suggested sites are kind of high. I was comparing them to amazon and the amazon prices were only a few dollars higher. Is amazon the low price man? Can you explain more on how to decide a price that isn't too high or too low. 18:09:58 From Julia Test : Reyna absolutely can do biz under both your llc and dba 18:10:08 From Vindra : My LLC is pending, should I go ahead and get my EIN? or should I wait for my LLC? 18:11:29 From Sheyenne Clark : Poshmark seems to be the same way as Mercari 18:11:29 From Reyna Diaz : Thank you Julie because after I picked my name I love it but it doesn't fit other products that I want to sell. 18:11:42 From Reyna Diaz : *Julia 18:11:47 From April Hoyle : I will have an LLC that is one name and I will be doing a DBA as another name so that I can have multiple and different ones as I need. I will keep that main LLC going no matter what. I am using my LLC as a holding company of sorts. 18:11:49 From Julia Test : Vindra go ahead and get your ein while that LLC is pending 18:12:42 From nikki gonzalez : that’s good to know! 18:12:56 From Tina : thank you for sharing! 18:13:35 From Vindra : Thanks Julia! 18:15:34 From Reyna Diaz : When shopping on Aliexpress is it normal to be charged tax even though you are a reseller? 18:15:48 From Jamie : can you use pictures from your wholesale supplier or are u better off to take your own? 18:17:01 From Kimberlee Zenger : Hi Julia! You Rock! 18:17:38 From mikaelaturkington : My product is seasonal (where there is snow), and I am unable to take lifestyle shots right now as it is winter where I am from. Would you recommend using the “lets Collab” Facebook group to get these photos? I havent purchased a Shopify website yet, but I think my own site is the route I should take since I am from Canada are Mecari and other sites aren’t an option for me 18:17:57 From Sheyenne Clark : but don't you have to apply for more licenses if you do a DBA? 18:18:55 From Julia Test : My bank is doing my LLC then the DBA name on the account for me so I don't get confused on which one is for which biz 18:19:17 From Jamie : do you have to have a business account or can you just open a second personal account? What is the difference? 18:19:30 From jenniferhogan : yess 18:20:03 From Rhonda Eaves : Should we be using our business name or not on the marketplaces , since we are testing products? 18:20:13 From Julia Test : Kelly yes each dba will need to have its own set of credentials which can be messy esp when you move 18:20:31 From Se-Ann : I am wondering to do my business license and seller permit do I need to have my LLC and EIN? My LLC and EIN are currently pending. 18:21:28 From Kimberlee Zenger : Good to know! Thanks! 18:22:19 From Mandy & Brady Enman : I can get some of the product that I want to test within two weeks but feel like I can only really get wider profit margins 2 months out. How do I test without losing profits and or should I look for something else to sell? We want to get started but are confused about this step. 18:23:07 From Sheyenne Clark : I wanted or order a product from 8Seasons and it was listed as "preorder." do have know ho 18:23:25 From Christa Hecht : Hi. Sorry to interrupt but I cannot hear anything. I've tried troubleshooting and nothing is working 😫😔 18:23:28 From Amy M : Do we then tag the influencer in each picture we use of theirs going forward? 18:23:30 From Sheyenne Clark : there was no information about when the product would be in. Have you ever experienced that 18:24:08 From Kimberlee Zenger : Good idea! 18:25:47 From Julia Test : Preorders on 8 seasons can be 5 days or 5 weeks for them to get in. They wait until they get so many orders before ordering those items. 18:27:01 From Amy M : Before we have our LLC and our "business" set up - if we want to sell things we have to get used to the selling process and kinda start a marketplace "following" - is there anything we need to do or are we just selling on a "personal" level? And then what if we want to purchase some wholesale products to sell on like FB marketplace or Poshmark/Mercari - do we need to have a license to do that? 18:29:59 From Reyna Diaz : Do I only need my EIN to open my business account and should I open 2 accounts one for income and one for taxes? 18:30:01 From Jamie : when you are starting out small can you post a product on multiple sites? if so how do you make sure u do not sell out on one site and run short on product for the other site? or would you split the inventory. 18:30:02 From jenniferhogan : goooCoach 18:31:47 From Rhonda Eaves : Thank you Coach Leslee! 18:32:14 From Jamie : and my last question I wrote out is, how do you handle customers who want to return a product? 18:32:25 From nikki gonzalez : does anyone have personal experience with business bank account with blue vine or any other online banks? I’m trying find one that doesn’t have so many fees. 18:35:12 From Sheyenne Clark : sorry my question got separated into two separate posts 18:35:21 From rubi : nikki, I had Azlo but they closed so I just changed to Novo. Novo is one that's recommended by the group. So far I like it 18:35:30 From Christa Hecht : now I can 😁 18:37:16 From Sheyenne Clark : Can you go over using the profit margin calculator. 18:37:20 From Sheyenne Clark : ? 18:37:21 From Julia Test : Yay Christa!!!! I am so glad you got it worked out. 18:40:19 From Amy M : That does make sense, except for the part about if we end up "keeping" something or not selling - how does that work? And if we are buying things specifically to sell on marketplaces, are you suggesting we have a separate bank account for that? What would be the best way to go about that since we don't have an LLC yet? Also, if the name we are thinking for our LLC is available, would you suggest starting a facebook page using that name and then using that to sell things on FB marketplace? 18:42:38 From Trish : i love that!!!!! 18:43:43 From rubi : I already have a website because I was already in the 0-100k program. Do I put my product on a deal site and also on my website at the same time and promote both ways? Or should I just place it on the deal site? 18:43:51 From Briana King : is it too late to post V-Day items for sale? 18:45:23 From Julia Test : Those people get blacklisted and if I see them order again I just refund and move one 18:45:38 From Julia Test : *move on! 18:45:49 From Sheyenne Clark : Yeah but what if they write bad reviews on your business? 18:47:12 From nikki gonzalez : ok thank you 18:49:10 From jenniferhogan : YES 18:50:41 From Sheyenne Clark : what is the minimum quantity of product you are required to have for the deal sites? 18:53:33 From Reyna Diaz : Thank you so much see you on FB 18:53:39 From rubi : thank you! 18:53:45 From Julia Test : For PYP the minimum is 150.00 in potential sales 18:53:48 From Tina : thank you!!! 18:53:50 From nikki gonzalez : thank you!