| I know that you are excited to open up your online | | | | but still there are some countries and counties that will |
| store and I won't even stop you from doing that. I | | | | not. They would either call it "Business License" or |
| congratulate you for all the effort that you put into | | | | "County Occupational". |
| conducting product and marketing research, designing | | | | Business Bank Account |
| your website - in short, establishing your dropshipping | | | | Like any other businesses whether online or offline, |
| business. That's why I want to share these important | | | | you must open a bank account for your business. It is |
| points before you launch your online business. It might | | | | ideal to open a separate business account for your |
| not directly contribute to your sales, but will definitely | | | | online dropshipping business from your personal |
| influence your buyers to trust you. | | | | account. |
| Business Entity | | | | Merchant Account |
| You have to officially register your online business with | | | | As an online businessman who uses dropshipping, you |
| a name which will be recognized by the government. | | | | need to open a merchant account for your business. |
| For some countries you don't have to register, but in | | | | Since the majority of the payments are done through |
| the United States there are two ways on how you | | | | credit cards your merchant account will allow you to |
| can register your online business. You could either | | | | accept credit cards from your customers online. This is |
| register it as a corporation or fictitious name. Normally | | | | the most efficient way to get paid by your customers |
| if you register as a corporation you have to pay | | | | rather than money order or money transfer. Even |
| $90.00 for processing which you can submit online. | | | | customers prefer using credit cards because of |
| While registering under fictitious name, the average | | | | surcharges involve in using other modes of payments. |
| cost of registration is $35.00. The latter will not provide | | | | You don't have to worry setting up your merchant |
| the same protection with former form of registration. | | | | account into your online store because your merchant |
| The second is also known as DBA or "Doing Business | | | | banker will provide you the assistance needed to set it |
| As" and usually obtained from the local country office. | | | | up. |
| If you are not certain what to choose, try consulting | | | | Online consumers know who to trust. For them |
| your attorney or accountant. | | | | businesses that opted to register under the watchful |
| Business License | | | | eye of the government means trustworthy. So prior |
| Aside from filing your business entity you also need to | | | | opening your web store you should accomplish all the |
| file a license to operate your online business to your | | | | necessary documentations that will increase your |
| local government. There are some county | | | | credibility as an online dropshipper, which in return |
| governments who will require you to do so like Florida, | | | | creates sales for you. |