There was this exemption in the past: If your import is less than 800 buckaroo, you can bring it into the state tax-free.
Trump just eliminated this “loophole” for dropshipping. (…and then there’s the 10%… or 100% tariff… that’s supposed to ‘save America’)
Well, bye-bye, dropshipping.
Look –
I’m not gloating over the new changes.
I don’t think there’s anything “funny” about people losing their livelihood, even if I’ve never liked dropshipping as a business model.
But this is going to be the theme moving forward.
A lot of things will change—sometimes overnight.
Be prepared.
Adapt fast.
And build a safety net around your business.
Here are a few safety nets you should focus on:
1) Focus on retention
2) Build assets
3) Cultivate raving fans
And the answer to all three:
Email marketing (duh)
Talk soon,
– WYH