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It's crazy how no one talks about sales tax and VAT on digital products. All these Lambo-rental-lovers out there trying to make it seem so easy to make a bunch of money with courses, but when selling to some countries... You might be liable for VAT on the very first transaction. And in the US? In many cases you automatically owe sales tax for all the sales you make in your home state. Then as you cross varied tax thresholds for certain types of products, you owe in other states and countries. Now I'm no international tax specialist, but I'm betting it's not ideal to have unpaid taxes anywhere in the world. So you really have 3 options:
I'm just some dad from the Midwest. I know a thing or two about operating a micro biz on the internet, but... Ain't nobody got time for that. And for some reason... When I created and started selling How To Launch An Email Based Biz, I forgot about all this tax stuff so I'm going to update the ebook to include an FTC compliant mention of international taxes. As for recommendations moving forward: Selling with Kit isn't worth the many potential headaches (I already have 3 international tax issues smh). Neither is Stan Store or Beacons or any other online shop that doesn't handle this stuff for you. That's why I'm back to focusing on Skool. Gumroad and Teachable using their Teachable Payments service are other viable options as well. I'm on a roll lately for talking about the not-so-fun side of online biz... But I've decided to take on the responsibility of talking about this since no one else will. On the lighter side... If you do want to start an online business while minimizing both current and potential future headaches, then check out Email Biz Club Premium. We'll work together on your landing page, monetization, email, and growth systems to put you in the best position possible to make sales ASAP. And if you don't think it's worth it, you can get a refund within 30 days or simply downgrade to Standard. There is work to do, and my goal is to make it as easy and risk-free as possible. Want to get started? Here's where to do just that (choose Premium at checkout) Talk soon, |
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