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Receipt format for payment for Marketing

you're going to start selling your planners your books your journals our whatever physical products you are creating in person face to face with somebody so how are you going to collect money from them I'm going to go today through my top three options and how those might or might not work for your business hi everyone i'm lisa from pretty fabulous and I hope online businesses create beautiful digital downloads using Adobe InDesign now we also can take those downloads and create physical books and journals and notebooks and pads and tons of other things from that as well now if this sounds like you are something you might be interested in make sure to hit the subscribe button below I post new videos every Monday and Thursday alright today let's talk about my top three favorite tools for selling in person when you see somebody and I'm going to assume you have already taken care of ordering the folks you have a stack right there ready to go the first thing you need to do and this probably goes without saying is make sure that you understand the sales tax and rules within your state or municipality and whether or not you need a license on file or some other sort of traffic certificate in order to sell because I can confirm I am NOT a lawyer but I have gotten in trouble for not always having the proper paperwork ahead of time now if you are going to a fair like let's say an Etsy craft fair or it's just San Diego for some reason they call them swap sales or whatever sometimes the person hosting the event may have a master sales certificate on file for everybody that is selling within there but not always so just make sure to double and triple check and get it in writing now the second piece once you are ready to go is you can obviously take money the old-fashioned way you can take cash and if you've never taken cash before you're going to need a cash drawer and when I say a cash drawer I'm not sure how your products are priced but I would price them so that you don't need a lot of singles right so don't charge $19 $17 I would always try to round up if you can I realize you can't always do this but try to round up to $5 $10 and then and you know as far as tax is concerned I would just embed the tax inside of there if you are taking or you if you're an event like a swap event where it is mainly cash now if that is not the case and you expect people to be paying with credit cards then you definitely want to have PayPal or square those are the two main ones now if you have PayPal that's the one that I use PayPal will send you one of these handy little credit card readers and you can just pop them into your phone and from there you're going to be able to swipe credit cards now you will have to load the PayPal app you have to make sure you have PayPal for business you can't just have PayPal personal that is not going to work and you're going to have to set it up well ahead of time because you may have some problems connecting your bank accounts and setting yourself up to take in-person payments and of course it's going to take well actually it didn't take that long I think it came within two days to get your chip reader now your chip reader is free so you shouldn't have to worry about that and Foursquare though I am Not sure but square is a little more popular and you see Square actually as a permanent payment processing fixture at many different restaurants bakeries pretty much in a lot of different small businesses now they have those machines that look like iPads and they swivel and flip around that's not what you need you are going to be able to get a square reader that looks just well I shouldn't say just like this very similar to this but it is white it works the same way you need to download the app it's going to plug in to your phone or to your iPad the other really important thing and I hope this goes without saying is you can't process payments unless you have a Wi-Fi connection or you have cellular data now if you are using your phone obviously you have data on your phone plan but if you're bringing an iPad and that iPad is not a cellular iPad then you're going to need to bring another form of Wi-Fi connection so you could use your phone and tether that but remember your battery may run out so bring lots and lots of extra battery packs to make sure everything stays charged the other thing too is they may have Wi-Fi on-site everybody maybe using that Wi-Fi I always bring my own jetpack pretty much everywhere I go just as a backup just because you never know so that is the big one now obviously if people write checks that is up to you I personally don't take checks I know it sounds really easy because you aren't having to pay any transaction fees but quite honestly lots of checks can bounce and I'm pretty sure I don't know if anyone's taking checks anymore now aside from that so we talked about cash we talked about credit cards and we talked about checks the fourth way that you can take payments is via venmo so you could have the person standing right there in front of you of venmo you money and once you receive that money it should be instantaneous you can see it on your phone and you can give them that product now if we're doing that it is possible again I would say this is why I always always say embed the sales tax within your pricing if you can mostly because if you're not set up for selling physical products all the time you know you're going to get it trust me you're going to have 10 people in line you're gonna get really flustered about the sales tax just embed the sales tax within your pricing so what do I mean by that so if you know that your sales tax for your particular area is let's say three point one percent then just make that product I can't even do the math but make that product something less than ten slightly less than ten dollars so three point one percent of that adds up to the ten dollars so when you go to reconcile the money later for your taxes then you can say that you already collected that money because it will confuse people well I don't think it'll confuse people too much but it will confuse you if you're not really sure if you're taking payments from different areas because venmo is not going to be able to calculate that tax information right there on the spot now in addition to venmo people could pay you with Apple pay and with a Samsung Android Samsung pay I believe it is but not if you are not set up for that and so if you use stripe which is an online payment they do have the ability to take Apple payments I believe but again you would have to have that set up and available you know kind of like I know this sounds a little weird it's almost like they're doing an online transaction because stripe does not like it when you take credit card information and write it down and enter it yourself however stripe does have an option and honestly I've never used this I'm just speaking hypothetically where you can take payments with credit cards I don't know if they have a credit card reader like PayPal but that might be something you can look into especially if you're thinking about taking Apple pay or Android Android pay so those that's a fourth area which I said I was only going to talk about three because those fourth areas the venmo and the Apple pay I have never actually done myself so I'm not as familiar with that but I think that is something that more and more people are going to start using the future so it should be something that you could look into as well now let's talk about processing fees so I'm going to switch over now if you go on to PayPal you're going to see that it pretty much has the same fees as stripe there's 2.2 percent if you go on to square it's 2.75 2.5 3.5 now you're very you're probably never going to key in payment so I wouldn't worry about this and then you're also going to use stripe which has 2.9 percent plus 30 percent so they're all relatively about the same so I wouldn't worry too much about that and again you know I'm not as familiar with the processing fee for Apple or for Android but that's something you could definitely look into and a hundred percent there is no processing fee for venmo but again it's something that you probably want to look more into as far as how those are classified because I think fan MO is sometimes just friends to friends versus you as a business using that all the time because otherwise everyone would probably just use venmo instead of using the credit card processing fees so I hope that was helpful and let me know if you have another solution that you like when you like to sell things in person right I will see you guys next week bye