• Last Updated:
  • Jul 16th, 2020 11:14 am
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[OP]
Deal Addict
Dec 23, 2006
1644 posts
316 upvotes

New ecommerce business

Hi all,

Started an ecom business recently since I saw a good amt of local demand. Site is set up along with search and social marketing campaign. It's still a little too early to say the website is generating a profit as the month of may was, imo, an outlier month due to mother's day.

Currently, I have not set up any business entity what so ever as I want to see traction before I set up the backend.

Is this a smart move?

Pros and cons of getting it incorporated, business bank accounts, etc now or after I can confirm it's profitable?

Any input welcome Slightly Smiling Face
6 replies
Deal Guru
User avatar
Mar 10, 2005
10696 posts
4058 upvotes
OP what did you use to set that up?
"If you want to improve, be content to be thought foolish and stupid." - Epictetus
Member
Apr 9, 2004
374 posts
128 upvotes
London
Hey OP, I'm in the same boat as you. Started an eCommerce business in recently. Business license in Feb, eCommerce set up in April, currently at about 8K in sales so far YTD. I'm not incorporated. I do have a separate bank account, stripe and paypal account.
Newbie
Jul 7, 2020
22 posts
2 upvotes
oddduck wrote: Hey OP, I'm in the same boat as you. Started an eCommerce business in recently. Business license in Feb, eCommerce set up in April, currently at about 8K in sales so far YTD. I'm not incorporated. I do have a separate bank account, stripe and paypal account.
Which platform are you selling?

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