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Responsibilities of Employers After a Work Injury

Home Business Magazine Online

Workplace injuries are a significant concern for both employees and employers, often leading to downtime, financial costs, and legal obligations. When an injury occurs, it is crucial for employers to respond promptly and fulfill their responsibilities to protect both the injured employee and the company. Understanding what is required from a legal, ethical, and practical standpoint can help business owners navigate these situations effectively and reduce the risk of future incidents.

Immediate Response to the Injury

The first responsibility of an employer after a work injury is to ensure that the injured employee receives the necessary medical attention. Depending on the severity of the injury, this could mean administering first aid on-site or contacting emergency services to take the employee to a medical facility. In less severe cases, employers should direct the employee to a healthcare provider who is familiar with work-related injuries.

Employers should also ensure that the incident scene is secure, preventing further injuries to other employees. This includes removing or isolating any dangerous equipment, fixing hazards, or closing off unsafe areas of the workplace.

Reporting the Injury

Once the injured employee has received medical care, employers are required to report the injury to their workers’ compensation insurance carrier. An experienced injury attorney in Los Angeles explains that in most jurisdictions, businesses have a legal obligation to report workplace injuries, even if they seem minor at first. Failing to report injuries can result in penalties and may also limit the employer’s ability to defend against future claims.

In addition to internal reporting, depending on the severity of the injury, employers may be required to notify local or national regulatory agencies, such as the Occupational Safety and Health Administration (OSHA) in the United States. These organizations often require injury reports for certain types of incidents, particularly those involving hospitalization, amputation, or fatalities.

Investigating the Incident

Employers must conduct a thorough investigation of the injury to determine its cause and prevent similar incidents in the future. This involves interviewing the injured employee (if possible), coworkers who may have witnessed the event, and reviewing any video footage or safety logs. The goal of the investigation should not be to assign blame but to identify what went wrong and how safety protocols can be improved.

Proper documentation of the investigation is essential. Employers should create a detailed report that includes the time and date of the incident, a description of the injury, witness statements, and any corrective actions taken as a result of the investigation. Keeping accurate records will also protect the company in case of future legal claims.

Filing a Workers’ Compensation Claim

Employers are generally required to file a workers’ compensation claim on behalf of the injured employee. Workers’ compensation provides financial support for medical bills and lost wages, allowing the injured worker to recover without the financial strain. It also protects employers from lawsuits, as employees typically cannot sue their employer if they receive workers’ compensation benefits.

The claim process requires employers to submit necessary documentation to the insurance company, including the details of the injury, the medical diagnosis, and any reports from the investigation. Timely submission is critical since delays can lead to complications in the claims process and could result in fines or legal repercussions.

Supporting the Employee’s Recovery and Return to Work

Another key responsibility of employers is to support the injured employee throughout their recovery. This includes maintaining communication with the employee to check on their progress and ensuring they have access to the appropriate medical care. In many cases, the employer may need to coordinate with healthcare providers to assess the employee’s ability to return to work, either in a full or limited capacity.

If the employee is unable to return to their previous role due to long-term effects from the injury, employers may need to explore accommodations under the Americans with Disabilities Act (ADA) or similar regulations, depending on the jurisdiction. This could involve modifying the employee’s duties, providing assistive equipment, or offering alternative work positions.

Preventing Future Injuries

One of the most important outcomes of handling a workplace injury is the opportunity to improve safety protocols to prevent future incidents. Employers are responsible for reviewing their workplace safety programs and ensuring that they meet regulatory standards. If gaps in safety measures contributed to the injury, employers must take corrective actions such as updating safety training, revising procedures, or improving equipment.

Providing ongoing safety training and fostering a culture of safety in the workplace can significantly reduce the risk of injuries. Employees should feel empowered to report potential hazards and take proactive steps to keep their environment safe.

Legal Compliance and Recordkeeping

Employers must stay compliant with legal requirements related to workplace injuries, which includes maintaining accurate records of all work-related injuries and illnesses. In the U.S., OSHA requires many employers to keep injury and illness records, typically through an OSHA 300 log. These records must be maintained for a specific period and may be subject to audits or inspections.

Additionally, businesses should stay informed about any changes to workers’ compensation laws or safety regulations that could affect their responsibilities after a workplace injury. Consulting with legal or safety experts can help ensure ongoing compliance and reduce the risk of legal complications.

When a workplace injury occurs, employers have several critical responsibilities—from providing immediate medical care to investigating the incident and supporting the injured employee’s recovery. Fulfilling these obligations not only helps protect the injured worker but also ensures the business remains compliant with legal and safety standards. By taking proactive steps to improve workplace safety, employers can create a safer environment for their employees and minimize the likelihood of future injuries.

The post Responsibilities of Employers After a Work Injury appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/blog/legalese-blog/responsibilities-employers-workplace-injuries/

Sound in Motion Hosts Porter Robinson’s Return to Minneapolis

Home Business Magazine Online

The leaves are starting to turn, signaling the end of this summer’s lively EDM concert series. As the Twin Cities’ premier music production company, Sound in Motion capped off the summer by bringing Porter Robinson’s “SMILE!” tour to a nearly sold-out crowd at The Armory music venue in Minneapolis, Minnesota. Known for orchestrating large-scale music events across the Twin Cities, Sound in Motion (SIMShows) truly shines when they host an internationally acclaimed DJ. Porter Robinson was an eagerly awaited DJ for Minneapolis, and SIMShows certainly delivered an unforgettable experience.

Captivating lights on Porter Robinson's stage setup. Photo credit: Brez Media
Captivating lights on Porter Robinson’s stage setup. Photo credit: Brez Media

The night kicked off with Eric Doa opening up the show. Eric Doa is a vibrant DJ renowned for his playful yet angst-filled blend of hyperpop, emo-rap, and trap. His high-energy sets combine catchy melodies with genuine emotion, crafting an exhilarating atmosphere that captivated the venue. With each track, Eric skillfully engaged the crowd, using infectious rhythms and relatable lyrics to pull them in. By the time Porter Robinson took the stage, the crowd was electrified and ready to immerse themselves in the finale.

The magical moment streamers were shot into the crowd. Photo credit: Brez Media
The magical moment streamers were shot into the crowd. Photo credit: Brez Media

Finally, Porter Robinson took the stage to the delight of the screaming venue. Porter took the crowd on a 3-part trilogy of beloved old songs and fresh new tunes. Porter has a strong reputation for his emo/punk EDM that features fast-paced synthpop and dance-worthy trance beats. It had been seven long years since he had performed at the Armory, and the audience was ready for a two-hour journey through all his hit albums. The stage featured a unique sound system and screen setup, a live band, colorful balloons that responded musically to his drumsticks, and smaller screens throughout the venue. It was a vibrant showcasing of audiovisual beauty that Sound in Motion orchestrated with ease. Act 1 featured an optimistic ride through his newest album, “SMILE!”. Act 2 gave the audience the emotional favorites from his second album “Nurture”. Porter then gave us a beautiful interlude showcasing his piano playing skills while covering the rest of his hits from “Nurture”. Finally, the crowd was treated to a nostalgic feast with all of his smash hits from his first album “Worlds”, with an encore to wrap it all up.

Porter Robinson plays drums on light up bulbs that played a tone with each hit of the drumstick. Photo credit: Brez media
Porter Robinson plays drums on light up bulbs that played a tone with each hit of the drumstick. Photo credit: Brez media

Porter Robinson brought every single person in The Armory venue to tears with his beautiful journey through present and past. Sound in Motion played a critical role in ensuring the show’s music and visual effects were perfectly synchronized and smooth. They are certainly a top-tier production company within the Twin Cities.

Shows at The Armory also present a great marketing opportunity! If you’re part of a lifestyle business aiming to boost your brand presence in the Twin Cities, consider sponsoring one of Sound in Motion’s upcoming events at The Armory. This is a great chance to showcase your brand to a dynamic audience and engage with the local EDM community. Check out some of their upcoming shows at The Armory the rest of the year: Sofi Tukker on Friday, October 18th, Gryffin on Saturday, October 19th, Pretty Lights on Friday, November 8th, Saturday, November 9th, and Sunday, November 10th, Atliens on Friday, November 22nd, and Two Friends on Friday, January 24th.

The post Sound in Motion Hosts Porter Robinson’s Return to Minneapolis appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/businesses/sound-in-motion-hosts-porter-robinsons-return-to-minneapolis/

Real Estate Investing: A Guide to Small Business Owners

Home Business Magazine Online

Nowadays, an increasingly popular venture for small businesses is real estate investing. Its main purpose is to diversify income streams and build more capital. Real estate investment offers a good path for small business owners looking to scale their operations due to its potential for significant returns and tax returns. Educating yourself about the right strategies can make all the difference if you plan to start or expand your real estate investments. This article explores the key strategies for real estate investing for small business owners.

Investing in Small Businesses Through Real Estate

Purchase, ownership, management, and sale or rental of properties for profit are what comprise real estate investing. It can be anything from obtaining residential properties to venturing into multi-family housing. For small business owners, real estate is beneficial as it offers stable cash flow, appreciation of property value, and tax profits.

Small business owners who are interested in real estate must know its sectors such as residential, commercial, and rental properties. Moreover, business owners should also conduct market research, analyze property values, and explore financing options before they can secure a promising investment.

Real Estate Investing: Goals and Objectives

A great foundation of real estate investment is coming up with clear and realistic financial goals. Small business owners should consider their expected returns and the timeline for these returns. They should also clarify if they are looking for long-term investment or short-term profit. Answering all these considerations will give them a clearer investment goal and useful strategies.

For instance, long-term methods may involve rental income, while short-term plans may focus on quickly flipping assets. Potential investors and business owners can use the SMART framework (Specific, Measurable, Achievable, Relevant, Time-bound) in shaping their investment plans and in making sure their goals are aligned with their risk tolerance and financial capabilities.

Strategies in Real Estate Investment

Depending on their financial goals and risk tolerance, small business owners can try various strategies. Here are some of the most prominent real estate strategies:

– **Buy and Hold:** It is considered a long-term strategy where the purchased property generates rental income while being held onto. The value of the property may appreciate over time which can lead to capital gains and cash flow.

– **Fix and Flip:** This short-term approach is for properties that are acquired at a low price.  They will be subject to renovation and put up for resale to gain profit.

– **Wholesaling:** In this third strategy, investors find underrated properties. They will secure its contract, and sell the contract to another investor for remuneration.

These strategies have their advantages and disadvantages. That is why investors need to assess which strategy will be useful for their business goals and financial capacity.

How to Finance Small Business Real Estate Investments

One of the most challenging aspects of real estate investing is securing financing. Several options are available for small businesses such as traditional bank loans, lines of credit, crowdfunding, and private lenders.

It is also beneficial to manage business credit because it helps owners secure loans using the financial standing of their business. Therefore, it is important to enhance interest rates, compare funding options, and devise a plan for managing debt to secure sustainable investments.

The Value of Market Research and Property Analysis

Conducting systematic market research is a critical aspect of effective real estate investing. In making informed decisions on where and when to invest, it is important to recognize market trends, developing neighborhoods, and financial indicators.

Factors including property value, potential rental income, renovation costs, and expected cash flow must be properly assessed in analyzing potential properties. In doing this, investors can make use of tools such as property valuation software, real estate platforms, and market analysis reports to help make smart decisions.

Capitalizing on ROI

To maximize return on investment (ROI), effective property management is very important. Investors should maintain property value, conduct tenant screening, and monitor lease management. The property’s value and appeal to potential tenants or buyers can also be improved through renovations and keeping the property well-maintained.

The use of automation tools and technology like property management software can also make the operations go smoothly and it can improve profitability and reduce costs.

Building Connections in the Real Estate Market

It is crucial to build connections in the real estate market to gain meaningful insights and opportunities. Small business owners can access deals, resources, and professional support more if they connect with real estate agents, contractors, other investors, and property managers.

It would also be helpful if business owners would join online communities and local real estate investment groups. They can also ask for help from accountants, lawyers, and property managers to make sure they can comply with the legal necessities of real estate.

Addressing Risks in Real Estate Investing

Real estate, like any other investment, may encounter risks like instability, legal challenges, and property damage. This is why it’s crucial to evaluate and address these risks appropriately.

investing in different types of properties and locations, or the so-called diversification, can lessen exposure to market-specific challenges. Also, you can protect your investments by applying property management best practices and using insurance and legal contracts on your possessions.

Reinvesting to Boost Your Real Estate Portfolio

After establishing a strong foundation in real estate investing, scaling your investments is the next thing to do. This means reinvesting your profits into new assets and exploring various property types from commercial to multi-family housing units. Having a diverse real estate portfolio can lead to business growth and long-term success.

The Orie a luxury condominium development in Singapore’s Toa Payoh town, is a great example of a profitable real estate opportunity in Singapore. Potential investors can explore The Orie Showflat to gain insights on how to achieve stable returns in premiere real estate investments like in The Orie.

The post Real Estate Investing: A Guide to Small Business Owners appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/money/taxing-times/real-estate-investing-guide-small-business-owners/

Amazon’s Decision to Cut Vendor Accounts

Home Business Magazine Online

What This Means for Brands and How to Navigate the Transition

In September of 2024, Amazon delivered a major shake-up to its vendor network, announcing it would be discontinuing Vendor Central accounts for thousands of brands. This major change was communicated via mass email with no prior warning, leaving many brands in a difficult position.

The move, according to Amazon, is part of a strategic initiative to reduce the management and logistical resources being used to service smaller vendor accounts. The cut primarily impacts brands with annual sales below $10 million in the U.S., with the changes scheduled to take effect on November 9.

As this shift comes in the middle of the busiest sales period of the year, smaller vendors now face the challenge of overhauling their Amazon strategies. With the Vendor Central model (1P) being phased out for these accounts, many affected brands are left scrambling to adapt. While Amazon has recommended that these vendors open Seller Central (3P) accounts, the transition is more complex than simply flipping a switch. It requires navigating new responsibilities and adopting new strategies to thrive in the Seller Central environment.

The disruption of this announcement highlights the danger of relying solely on Amazon’s infrastructure and guidance for success on the platform. Clearly, there is immense value in partnering with an expert Amazon marketing team, like Accelerazon, which specializes in this type of 1P to 3P transition and can ensure that this shift is handled smoothly and efficiently.

The Impact of Transitioning from Vendor to Seller for Brands

Amazon’s decision to revoke Vendor Central access comes at a critical time for eCommerce businesses. With Q4 fast approaching—one of the most lucrative sales seasons—it’s challenging for many smaller brands to shift gears quickly.

The Vendor Central model has long provided vendors with a convenient, wholesale-based approach, where Amazon itself handles much of the heavy lifting, including logistics, inventory management, and customer service. However, this reliance on Amazon also brings significant drawbacks.

Vendors in the 1P model often have limited control over their pricing, inventory, and overall brand strategy. Amazon dictates the terms, choosing how much inventory to purchase and setting pricing that may not align with the brand’s goals. For example, brands often face frustrations with Amazon’s aggressive discounting tactics, which can undermine a brand’s premium positioning, which erodes profit margins, and angers other partners.

In contrast, the Seller Central (3P) model requires vendors to take on these responsibilities themselves, which, while more challenging initially, offers greater flexibility and control. Sellers are now tasked with managing their own listings, inventory planning, fulfillment, and customer service.

For many, this represents a steep learning curve, particularly as they are faced with navigating these complexities during the Q4 holiday rush. For these brands, time is of the essence.

The Upside of Transitioning to a 3P Seller Central Model

While the transition may seem daunting, the shift to Seller Central (3P) opens up significant opportunities for brands that are willing to adapt. There are several key benefits to making this change, which can lead to greater profitability and autonomy in the long run.

Firstly, brands gain full control over their brand direction. Unlike the 1P model, where Amazon dictates pricing and has the final say on how products are listed and promoted, the 3P model empowers brands to take ownership of their product pages. This autonomy allows brands to fine-tune their listings to better reflect their messaging, create detailed enhanced brand content to tell their story, and optimize their advertising strategies to reach their ideal customers.

Secondly, pricing and inventory management are in the hands of the brand. No longer dependent on Amazon’s purchasing decisions, sellers can control their pricing strategies to maximize profit. They can also adjust inventory levels based on demand, without being subject to Amazon’s fluctuating orders. In Seller Central, brands can leverage data to better forecast demand and fine-tune their inventory planning for greater operational efficiency.

Additionally, transitioning to Seller Central opens up new profit maximization opportunities. Brands can now choose how to handle fulfillment, opting to either use fulfillment by Amazon, which handles warehousing and shipping, or third-party logistics providers, which may offer lower costs.

This flexibility allows brands to compare different fulfillment options and choose the one that maximizes profit margins. Moreover, without the restrictions of Vendor Central agreements, sellers have more options for bundling products, offering promotions, and tapping into niche markets.

A move to Seller Central also means a direct relationship with customers. Brands can gather valuable customer data and insights, allowing them to build stronger, longer-lasting relationships with their audience. This level of engagement and control is something many vendors miss out on in the 1P model.

Navigating the Future

While Amazon’s decision to cut Vendor Central accounts may feel abrupt, especially at this time of year, it also presents a valuable opportunity for brands to reassess and restructure their relationship with the platform. It’s no secret that Amazon can be callous in its business decisions, and the lack of advance notice for this transition has left many brands frustrated.

However, with the right strategy and expert guidance, brands can turn this challenge into a growth opportunity. Moving to Seller Central not only provides more control but also positions brands for long-term success on Amazon by reducing their reliance on Amazon’s wholesale model and giving them the tools to drive their own growth.

Brands affected by this change should take immediate steps to prepare. Partnering with specialists like Accelerazon, who have extensive experience in 1P to 3P transitions, can help ensure that the migration is smooth and that your brand is set up for long-term success.

In summary, while Amazon’s decision to cut Vendor Central accounts may seem like a roadblock for smaller brands, it also presents an opportunity to gain more control over pricing, inventory, and brand strategy. By embracing the change and leveraging the right tools and partnerships, brands can find themselves in an even stronger position within Amazon’s ecosystem.

The post Amazon’s Decision to Cut Vendor Accounts appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/newsstand/news/amazons-decision-cut-vendor-accounts/

No More eBay Fees!

If you like to sell your old clutter online, eBay fees used to eat into your profit. Not anymore! Now, you can sell fee-free across all categories except motor vehicles. This could save sellers a huge chunk of cash over time. eBay also announced further steps to make selling online for private sellers easier – here’s the lowdown.

What’s Changed at eBay

How Much Could You Make with Your Clutter?

Remember HMRC Rules

 

What’s Changed at eBay

eBay first introduced fee-free selling for private sellers on their fashion categories earlier this year. The success of this trial means private sellers can now sell anything they want without fees (except cars, motorbikes, and vehicles). They have also taken several steps to improve the selling experience and safety for those who use the online auction site.

Simplified Selling

The selling process is now much easier than before, with AI-tools aiding sellers not only to find similar items for accurate pricing, but also to write descriptions and enhance photos with ease.

Simplified Delivery

How many times have you wanted to sell something on eBay but been put off by the postage process and costs? Now, sellers can use a tracked and fully insured delivery service at competitive rates – prepaid by the buyer, to make it easy to send. The buyer provides the information on their prepaid label for you, helping reduce the risk of seller error.

For local listings, eBay has improved its user experience to find listings only local to you available for collection, skipping the delivery costs altogether. The listings are still covered by eBay’s Money Back Guarantee, too.

eBay Balance

From mid-October, sellers will be able to use their eBay balance for their own purchases on the site. This simplifies the use of the site as a private seller and a buyer, especially as you can also use your eBay Balance for enhanced listings or to buy delivery labels, too.

Home Business

How Much Could You Make with Your Clutter?

How long is a piece of string?! There are so many things you can sell on eBay that it’s easy to raise hundreds or even thousands of pounds from your unwanted stuff.

Things that sell particularly well are:

According to eBay, half of the UK’s households estimate they hold between £50 to £300 of unwanted items, with a quarter sitting on more than £500 of unused items that could make easy money on online auction. People who use eBay to clear their clutter say they do so to be more sustainable and reduce waste, make extra money, and clear extra space in their home.

Remember HMRC Rules

Remember that if you regularly sell items online, you will need to register for Self Assessment and declare your earnings each year to HMRC if you make more than £1000 a year.

This usually doesn’t apply if you are selling unwanted items from your own home, irregularly. However, if you decide to make a side business flipping thrifted items on eBay – which will require a business account on the auction site, too – you’ll need to register with HMRC.

The post No More eBay Fees! appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/no-more-ebay-fees

No More eBay Fees!

If you like to sell your old clutter online, eBay fees used to eat into your profit. Not anymore! Now, you can sell fee-free across all categories except motor vehicles. This could save sellers a huge chunk of cash over time. eBay also announced further steps to make selling online for private sellers easier – here’s the lowdown.

What’s Changed at eBay

How Much Could You Make with Your Clutter?

Remember HMRC Rules

 

What’s Changed at eBay

eBay first introduced fee-free selling for private sellers on their fashion categories earlier this year. The success of this trial means private sellers can now sell anything they want without fees (except cars, motorbikes, and vehicles). They have also taken several steps to improve the selling experience and safety for those who use the online auction site.

Simplified Selling

The selling process is now much easier than before, with AI-tools aiding sellers not only to find similar items for accurate pricing, but also to write descriptions and enhance photos with ease.

Simplified Delivery

How many times have you wanted to sell something on eBay but been put off by the postage process and costs? Now, sellers can use a tracked and fully insured delivery service at competitive rates – prepaid by the buyer, to make it easy to send. The buyer provides the information on their prepaid label for you, helping reduce the risk of seller error.

For local listings, eBay has improved its user experience to find listings only local to you available for collection, skipping the delivery costs altogether. The listings are still covered by eBay’s Money Back Guarantee, too.

eBay Balance

From mid-October, sellers will be able to use their eBay balance for their own purchases on the site. This simplifies the use of the site as a private seller and a buyer, especially as you can also use your eBay Balance for enhanced listings or to buy delivery labels, too.

How Much Could You Make with Your Clutter?

How long is a piece of string?! There are so many things you can sell on eBay that it’s easy to raise hundreds or even thousands of pounds from your unwanted stuff.

Things that sell particularly well are:

According to eBay, half of the UK’s households estimate they hold between £50 to £300 of unwanted items, with a quarter sitting on more than £500 of unused items that could make easy money on online auction. People who use eBay to clear their clutter say they do so to be more sustainable and reduce waste, make extra money, and clear extra space in their home.

Remember HMRC Rules

Remember that if you regularly sell items online, you will need to register for Self Assessment and declare your earnings each year to HMRC if you make more than £1000 a year.

This usually doesn’t apply if you are selling unwanted items from your own home, irregularly. However, if you decide to make a side business flipping thrifted items on eBay – which will require a business account on the auction site, too – you’ll need to register with HMRC.

The post No More eBay Fees! appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/no-more-ebay-fees

No More eBay Fees!

If you like to sell your old clutter online, eBay fees used to eat into your profit. Not anymore! Now, you can sell fee-free across all categories except motor vehicles. This could save sellers a huge chunk of cash over time. eBay also announced further steps to make selling online for private sellers easier – here’s the lowdown.

What’s Changed at eBay

How Much Could You Make with Your Clutter?

Remember HMRC Rules

 

What’s Changed at eBay

eBay first introduced fee-free selling for private sellers on their fashion categories earlier this year. The success of this trial means private sellers can now sell anything they want without fees (except cars, motorbikes, and vehicles). They have also taken several steps to improve the selling experience and safety for those who use the online auction site.

Simplified Selling

The selling process is now much easier than before, with AI-tools aiding sellers not only to find similar items for accurate pricing, but also to write descriptions and enhance photos with ease.

Simplified Delivery

How many times have you wanted to sell something on eBay but been put off by the postage process and costs? Now, sellers can use a tracked and fully insured delivery service at competitive rates – prepaid by the buyer, to make it easy to send. The buyer provides the information on their prepaid label for you, helping reduce the risk of seller error.

For local listings, eBay has improved its user experience to find listings only local to you available for collection, skipping the delivery costs altogether. The listings are still covered by eBay’s Money Back Guarantee, too.

eBay Balance

From mid-October, sellers will be able to use their eBay balance for their own purchases on the site. This simplifies the use of the site as a private seller and a buyer, especially as you can also use your eBay Balance for enhanced listings or to buy delivery labels, too.

How Much Could You Make with Your Clutter?

How long is a piece of string?! There are so many things you can sell on eBay that it’s easy to raise hundreds or even thousands of pounds from your unwanted stuff.

Things that sell particularly well are:

According to eBay, half of the UK’s households estimate they hold between £50 to £300 of unwanted items, with a quarter sitting on more than £500 of unused items that could make easy money on online auction. People who use eBay to clear their clutter say they do so to be more sustainable and reduce waste, make extra money, and clear extra space in their home.

Remember HMRC Rules

Remember that if you regularly sell items online, you will need to register for Self Assessment and declare your earnings each year to HMRC if you make more than £1000 a year.

This usually doesn’t apply if you are selling unwanted items from your own home, irregularly. However, if you decide to make a side business flipping thrifted items on eBay – which will require a business account on the auction site, too – you’ll need to register with HMRC.

The post No More eBay Fees! appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/no-more-ebay-fees

No More eBay Fees!

If you like to sell your old clutter online, eBay fees used to eat into your profit. Not anymore! Now, you can sell fee-free across all categories except motor vehicles. This could save sellers a huge chunk of cash over time. eBay also announced further steps to make selling online for private sellers easier – here’s the lowdown.

What’s Changed at eBay

How Much Could You Make with Your Clutter?

Remember HMRC Rules

 

What’s Changed at eBay

eBay first introduced fee-free selling for private sellers on their fashion categories earlier this year. The success of this trial means private sellers can now sell anything they want without fees (except cars, motorbikes, and vehicles). They have also taken several steps to improve the selling experience and safety for those who use the online auction site.

Simplified Selling

The selling process is now much easier than before, with AI-tools aiding sellers not only to find similar items for accurate pricing, but also to write descriptions and enhance photos with ease.

Simplified Delivery

How many times have you wanted to sell something on eBay but been put off by the postage process and costs? Now, sellers can use a tracked and fully insured delivery service at competitive rates – prepaid by the buyer, to make it easy to send. The buyer provides the information on their prepaid label for you, helping reduce the risk of seller error.

For local listings, eBay has improved its user experience to find listings only local to you available for collection, skipping the delivery costs altogether. The listings are still covered by eBay’s Money Back Guarantee, too.

eBay Balance

From mid-October, sellers will be able to use their eBay balance for their own purchases on the site. This simplifies the use of the site as a private seller and a buyer, especially as you can also use your eBay Balance for enhanced listings or to buy delivery labels, too.

How Much Could You Make with Your Clutter?

How long is a piece of string?! There are so many things you can sell on eBay that it’s easy to raise hundreds or even thousands of pounds from your unwanted stuff.

Things that sell particularly well are:

According to eBay, half of the UK’s households estimate they hold between £50 to £300 of unwanted items, with a quarter sitting on more than £500 of unused items that could make easy money on online auction. People who use eBay to clear their clutter say they do so to be more sustainable and reduce waste, make extra money, and clear extra space in their home.

Remember HMRC Rules

Remember that if you regularly sell items online, you will need to register for Self Assessment and declare your earnings each year to HMRC if you make more than £1000 a year.

This usually doesn’t apply if you are selling unwanted items from your own home, irregularly. However, if you decide to make a side business flipping thrifted items on eBay – which will require a business account on the auction site, too – you’ll need to register with HMRC.

The post No More eBay Fees! appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/no-more-ebay-fees