Resources: Hiring Employees for Your eBay Business
October 28th, 2005 by Laurie BarakSource: Entrepreneur.com
One of the tough realizations you’ll face as your eBay business grows is that if you’re lucky, it’s going to grow way past your ability to “do it all” yourself and there’s going to come a time when you need some help.
Taking on employees is a big responsibility. Once you hire someone, they count on you for the income you provide. Also, you’ll have to withhold taxes and make the requisite deposits to the government at pre-prescribed times. And remember that salary is just the tip of the iceberg when it comes to employing help. The true cost of an employee can run double their salary amount if you factor in other payroll costs, such as employee-related taxes and worker’s compensation insurance. There’s also the potential for company-paid benefits: health insurance, paid sick days, holidays, vacation days, 401ks and so on. Yikes! Having an employee on board takes quite a bit of time–but there are shortcuts that you can take.
Click here to read the entire article.
Marsha Collier, a successful eBay PowerSeller, is Entrepreneur.com’s eBay columnist as well as the author of the bestselling eBay references, eBay for Dummies, 4th Edition and Starting an eBay Business for Dummies.
