Ebay Personal vs Business Account – Why is a business account on eBay preferable to a personal account?
When you’re given two options and have no idea which one is best for you, it’s always a scary situation. Almost everyone who sells on eBay has had this problem at some point. That was when you were creating your eBay seller account. When it comes to eBay, there are two options: a personal account and a corporate account. This causes a lot of uncertainty at first. Let’s clear things up once and for all on which account is better for you if you want to start selling on eBay.
Accounts for personal use vs. accounts for business use
You can choose between two choices when establishing an account.
Accounts for individuals and businesses
When you’re willing to sell on eBay as a pastime with a small number of personal items, a personal account is frequently used. The items are either antiques or have been sitting idle for a long time. To cut a long tale short, if you do not sell on eBay for a living, you should consider opening an eBay personal account.
If you want to sell on eBay full-time, engage in volume sales, or resale things, a business account is a way to go.
alternatives for an eBay account
When should you register your company?
If you’re considering registering as a business but aren’t sure whether you should, look for these six signals in your sales.
Reselling is number one.
Assume you’re an eBay reseller who deals in bulk listings. The first thing you should do is open a business account.
Manufacturer No. 2
Getting a business account is smart if you make the things you’re selling on eBay (which means if you’re already a manufacturer).
#3. Quantity of Sales
If you’re a seller who deals in huge amounts of transactions regularly, a personal account won’t be enough. Registering for a business account will lower the different fees placed on your products and sales, as well as provide you with a variety of other options for expanding your business, such as having an eBay storefront.
#4. Disposing of objects that aren’t for your purpose
Consider converting to a business account if you’re selling products on eBay that you bought for the sole purpose of selling and not for personal use. It may be advantageous in the long run, allowing you to save money on taxes.
#5 You work as a Sales Assistant.
If you meet specific selling conditions, eBay will allow you to sell for others. So, if you’re working as an eBay selling assistant, it’s highly recommended that you open an eBay business seller account. On eBay, selling things for other companies is essentially identical to selling your own.
With a business account, you can be more flexible with the number of listings the product owner asks you to manage.
#6. Purchasing for your company
If you plan on purchasing products for your company, you need to open a business account. For the things you plan to sell on eBay, eBay allows you to do searches using keywords such as “bulk,” “liquidation,” and so on. It makes it simple to buy and resell items on eBay.
On eBay, you can change your account to a business account.
To change your account type from personal to business, follow these steps:
Select My eBay from the drop-down menu.
After clicking on the “My Account” tab, go to “Personal Information.”
Now select “Edit” from the drop-down menu. It’s just beside the Account Type.
On the Change Account Type page, select the “Business” option.
After entering your business account information, select the Change to Business Account option.
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advantages of having an eBay business account
Benefits of having an eBay business account
When contrasted to a personal account, having an eBay business account has several benefits. The following are some of the advantages that can help you expand your eBay business:
#1. Taxes should be reduced.
When you start selling under a company account, you’ll have to pay additional taxes in addition to your taxes. It will result in more paperwork. More paperwork, on the other hand, implies you’ll save more money in terms of taxes.
#2. The image of your business
When you create a business account, you gain access to a variety of subscriptions as well as a better and enhanced listing. Subscriptions can be used to increase your prospects for sales, promotions, and other perks that eBay provides to its sellers.
#3. Legal safeguards
When you sell on eBay personal accounts regularly, it can be difficult to keep track of your taxes and profits. A business account, on the other hand, allows you to give your sales a legal identity. All of your invoices and bills will be associated with the company name you choose. It also sets the way for a variety of tax deductions and perks when it comes time to file your taxes.
#4. Increased Selling Capacity
Many restrictions that apply to personal accounts are lifted when you open a business account. One of the most important drawbacks of registering for a personal account is that your item listing limit is limited to ten. The business account increases the listing ceiling, allowing you to sell more by adding more listings.
#5. Access to More Effective Tools and Promotions
When it comes to sellers, eBay has a lot to offer. However, if you try to access them using a personal selling account, you may find that they are unavailable. Various programs, such as Promotion Manager, Selling Manager Pro, and others, can significantly increase your sales.
Switching to a business account does not guarantee that you will have immediate access to all of eBay’s seller tools.
If you want any support, please contact us by Skype or email. We’ll be delighted to assist you.
Important Points to Remember
Between the personal and company accounts offered by eBay, it’s clear that business accounts stand out. It grants access to superior facilities, larger selling limits, and instruments that would otherwise be unavailable.
If you’re still selling with a personal account, or if you’ve been debating whether to use a personal or a business account, this article is for you. Without hesitation, choose a Business account. If you just sell once or twice a month and have no plans to expand, a personal account is the only way to go. But why wouldn’t you with eBay?
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