Page 177 - 597 Business Ideas You can Start from Home - doing what you LOVE! (Beginner Internet Marketing Series)

1 70 Your Idea, Inc.

or Acme Trucking or their preferred company's name. If the com­
pany leaves that up to you, you will pick the best rate and carrier
and you will bill them for the cost of the UPS/FedEx shipment.
You might say, "We will ship via UPS and bill you for freight."
• SKU (Stock Keeping Unit) is the number used to identify the
product within a store. It may or may not be seen by the cus­
tomer. It could be an internal stock keeping number used to
identify the product, price, and manufacturer. If a buyer asks
you, "How many SKUs do you have?" you will respond with the
number of products that you offer because each product would
be assigned a different SKU number. If you offer one product
in ten different designs, you have ten SKUs. Each new variance
and design will be issued a different bar code or SKU number.

See www.gslus.org for a helpful tutorial by clicking their "Quick

Links" topic called Bar Codes and eCom. The FAQ section is also
helpful: Under the "About" link, go into the GSI link.
• Terms refers to payment terms and when you will be paid on
an order that has shipped. A standard term is "Net 30," which
means they will pay you thirty days after the company receives
your product. Some companies try to stretch it out to Net 45
or Net 60. Try to always have Net 30-you'll get paid faster!
You can also offer even more specific terms , such as 2% Net 10,
meaning they save 2 percent if they pay within ten days.

If you are able to accept credit cards, mom-and-pop accounts
can pay that way, but be prepared to eat the small fee from the
credit card company. Sometimes, it is worth the small fee to get
your hands on the money in advance of thirty days. A buyer may
say, "We work on Net 30 terms." A small account may inquire,
"What are your terms?" You could say, "We work on Net 30 and
we also accept credit cards."
• UPC (Universal Product Code) codes (also known as "SKUs")
are found on every product in the form of scannable bars. (We
touched on this in Step 5.)
• A vendor is a company that sells goods. If you are selling prod­
ucts to Bed, Bath &: Beyond stores, you are a Bed, Bath &: Beyond