shopify general counsel
CBD dropshipping has become increasingly popular in recent years, with the US CBD market projected to exceed $3 billion in 2023. However, despite the potential for success, there are hurdles to overcome, such as heavy regulation, competition, and difficulty finding payment gateways. In this 10-minute tutorial, we will show you how to set up a CBD dropshipping store on Shopify, the right way.
Step 1: Setting up Your Shopify Store
- Consult with legal counsel before selling hemp or hemp-derived products.
- Create your Shopify store using their free trial link for CBD stores.
- Submit the Attestation for the Sale of Hemp and Hemp-Derived Products before selling any CBD products.
Step 2: Payment Gateways
- Shopify Payments is not available for hemp or CBD products.
- Consider applying to third-party payment gateways that support hemp and hemp-derived CBD businesses.
- Approval for payment gateways may take 2-4 weeks due to CBD's regulated market.
Step 3: Finding CBD Products to Dropship
- Find quality products from reliable suppliers to find success in this industry.
- Use Smoke Drop to source CBD products to dropship.
- Use filters like categories, inventory minimum, and margin minimum to search for products.
Step 4: Lab Reports
- Consumers want to know what's in the CBD products you're offering them, so being transparent with your lab reports is essential.
- Most payment gateways will require lab reports for any CBD products you sell.
- Smoke Drop offers a spreadsheet of up-to-date lab reports for the CBD products offered in the app.
Step 5: Disclaimers and Notifications
- Most payment gateways will require a disclaimer to be placed on every page of your site.
- Notifications related to CBD products and shops can only be sent by email, not SMS messages.
- Disable shipping updates by SMS in the Customer Contact section of your Shopify settings.
Step 6: Designing Your Shopify Store
- Consider using a soft green color palette and a clean site design to keep visitors at ease.
- Include a blog with information related to wellbeing, such as CBD benefits, healthy sleep patterns, and yoga poses.
- Offer a CBD guide to provide visitors with all the knowledge they want about CBD.
- Provide easy contact info, including an email address and phone number.
Setting up a CBD dropshipping store on Shopify may seem daunting, but with the right guidance, it can be a profitable venture. By following the steps outlined in this tutorial, you can set up your store in no time and find success in the CBD industry.
How To Not Be SUED When Shopify Dropshipping (Legal Issues)
Shopify dropshipping in different countries, but these are the basics that beginners need to know. Let's summarize the key points:
- Legal side of Shopify dropshipping is important to avoid getting sued.
- Some beginners skip over legal questions, leading to potential problems.
- This article will cover forming a business legally and avoiding copyright issues.
Forming Your Business:
- Start with a sole proprietorship and form an LLC once you become profitable and consistent.
- LLC offers tax benefits and extra protection against lawsuits.
- Have a holding LLC for multiple dropshipping businesses.
How to Form an LLC or DBA:
- You can do it yourself or use a company like Legal Zoom for a fee.
Avoiding Copyright Issues:
- Don't use copyrighted images without permission.
- Use Google Images with a reuse license or high quality, royalty-free image sites like Pixels and StockSnap.io.
- Compress images for better site speed and branding.
- Legal aspects of Shopify dropshipping are crucial to success.
- Beginners should take the time to form their business properly and avoid copyright issues.
- Seek professional advice for specific legal questions in your country.
How Shopify Founder Tobias Lütke Built An Amazon Alternative
Shopify vs Amazon: The Battle for E-commerce Supremacy
Shopify and Amazon are two major players in the world of e-commerce. While Amazon aims to control the biggest online marketplace, Shopify wants to decentralize e-commerce and give power to individuals. Let's take a closer look at Shopify's story, from its humble beginnings to becoming the second largest e-commerce platform in the US.
- Tobias Lucca moved to Canada in 2002 and started an online snowboard shop
- He wrote software to power his online store and realized people were more interested in the software than the snowboards
- In 2006, Shopify was launched, allowing anyone to set up an online store in minutes
- Shopify focused on features like customizable store templates, order tracking, inventory management, and payment processing
- Two years after launch, Scott Lake stepped down as CEO, leaving Lucca in charge
- Shopify launched innovative solutions like its API and app store, and made its public debut on the NYSE in 2015
- Shopify continued to grow, replacing eBay as the US's second largest e-commerce platform after Amazon
- The pandemic in 2020 forced many businesses to go online, resulting in a 96% growth in revenue for Shopify
- By January 2022, Shopify had a market capitalization of $141 billion and over 3.7 million websites using the platform
How Does Shopify Generate Revenue?
- Core subscription services account for 63% of total revenue
- The enterprise plan brings in another 23%
- The remaining 14% comes from apps, themes, domains, and Shopify Plus platform fees
The Future of Shopify:
- Shopify continues to invest in new technologies to make it easier for merchants to sell products
- Shopify Markets enhances cross-border commerce
- Shopify Balance is a no-fee money management platform
- TikTok Shopping lets consumers buy products directly from the app
- While growth may slow down after the 2020 boom, Shopify remains a major player in e-commerce
Shopify's merchant-focused model has helped it become the platform of choice for businesses big and small that want to start selling online. While Amazon remains a worthy rival, Shopify's innovative solutions and dedication to empowering individuals set it apart in the world of e-commerce.
HOW TO MAKE 99.99% GUARANTEED Profits With Shopify Dropshipping In 3-6 Months - Secret IG Strategy
How to Generate Profits with Shopify Dropshipping Using Instagram Accounts
- The strategy of buying Instagram accounts and promoting your store through them
- Ideal for those with money to invest in Shopify
- Buy influencer pages on Instagram and use them to bring traffic to your store
- Start with about $2,000 and work with accounts with less than 300,000 followers
- DM accounts and ask for rates and information
- Pay one cent per one follower
- Identify the five types of people selling accounts: those who don't want to sell, those who will accept the right offer, those with slightly high prices, those who really want to sell, and scammers
- Create a Google sheet to list out accounts with decent prices and engagement
- This strategy can help generate 99.99% guaranteed profit within three to six months
- Use caution when buying Instagram accounts and avoid scammers
- Consider outsourcing account management to scale up and generate even more profit.
An Introduction to the E-Commerce Sector of Russia
Hello everyone! My name is Alexander Papova and I'm a legal consultant at the international law firm Gender and Partners Legal Counsel. In today's video, I will be discussing the e-commerce market in Russia. Here's what I'll be covering:
- Brief overview of Gender and Partners Legal Counsel
- Services we offer
II. Overview of the e-commerce market in Russia
- Ranked 9th in the world with a value of 30 billion USD
- Internet penetration rate is 81%
- Expected to grow by 60% from 2020-2023
- Popular regions for foreign investors
III. E-commerce models in Russia
- Business to consumer (B2C)
- Business to business (B2B)
- Consumer to consumer (C2C)
- Business to government (B2G)
IV. Starting an e-commerce business in Russia
- Choosing an e-commerce model
- Establishing a website
- Registering domain and trademark
- Establishing a presence
- Obtaining tax registration
- Opening a bank account and setting up a gateway
V. Regulations for e-commerce in Russia
- Data protection regulations
- Consumer protection regulations
- Summary of key points
Overall, the e-commerce market in Russia is growing and presents opportunities for foreign investors. However, it's important to understand the different e-commerce models and regulations in order to successfully enter the market.
3rd Party Seller Platforms
Melissa Wright, the Consumer Protection Chief at the Ohio Attorney General's office, moderated a panel on third-party seller platforms. The panel included Elizabeth, the Director of Brand Protection and Customer Trust Public Policy at Amazon, Matt McGuire, Senior Legal Counsel for Regulatory Affairs and Enforcement at Shopify, and Dr. Reed Hayes, a Research Scientist and Criminologist at the Herbert Wartham College of Engineering Black Station and University of Florida. The panel aimed to discuss efforts to increase consumer clarity and online shopping by ensuring that consumers understand who the seller is and who's responsible for the truthfulness of marketing. The topics included verifying seller information and ensuring that products hosted on the platforms are safe.
Strategies to Protect Customers:
Amazon has four primary strategies to protect customers, selling partners, and brands. The first strategy is to have robust proactive controls that keep bad actors out of the store in the first place. The second strategy is to partner with brands and use powerful tools to detect and stok counterfeiters more effectively. The third strategy is to make it right for customers in the rare occasion that they are harmed by illicit activity in the store. Finally, the fourth strategy is to hold bad actors accountable in the rare instance that they evade the proactive controls, so they can't cause future harm.
Amazon has an international team of 10,000 data scientists, engineers, analysts, and business leaders who are dedicated to protecting consumers. They proactively vet sellers and products leveraging advanced technology and expert investigators. In 2020, their verification processes prevented over 6 million attempts to create selling accounts, stopping bad actors before they published a single product. They use a combination of computer-based machine learning and expert human review to vet every prospective third-party seller when they attempt to register. They also require additional qualifications before they're permitted to sell in the store or sell certain products, including those selling products that could be at a higher risk of being counterfeited. They monitor every selling account during the course of their support.
During registration, all sellers are required to provide a government-issued photo ID and information about their identity, location, tax care information, a bank account, a credit card, and more. After collecting this information, Amazon uses a proprietary system to analyze hundreds of unique data points to verify the information and identify. This includes human review as well as matching certain information against third-party or government records like IRS records to verify a taxpayer's ID number. They also charge credit cards to ensure successful authorization and verification from payment processors. They have recently utilized live video verification, which has proven to be successful in verifying identities and documentation.
Amazon stands behind its selling partners and the hundreds of millions of safe and compliant products that they offer for customers. All products offered for sale on Amazon must comply with all laws and regulations and with Amazon policies. The sale of illegal, unsafe, or other restricted products, including products available only by prescription, is strictly prohibited.
Amazon is committed to protecting its store, customers, selling partners, and brands. They use advanced technology, expert human review, and innovative solutions to verify sellers and their products. Their verification processes prevented over 6 million attempts to create selling accounts in 2020, and only 0.01 percent of products sold in their store received a counterfeit complaint from a customer. Amazon continually monitors its store for signs of concern and acts quickly to protect its customers.
How I built a marketplace for legal services
Hey everyone, today I am here with Rod Ahmed, the founder and CEO of Law Trades, a startup that helps companies hire from a vetted network of freelance legal talent. In this article, we will discuss how Rod came up with this idea and how he validated it.
- Rod's background is entrepreneurial.
- He launched a web app for Facebook that allowed people to customize their Facebook cover photos and grew to about 30 million hits a month.
- Rod wanted to make more lawyers entrepreneurs and independent.
- Rod validated his idea by looking at the worst legal job market in history and the demand for legal work.
- He looked at the imbalance of supply and demand and thought of connecting lawyers with people or companies that are looking to hire them.
- Rod looked at other hyper-verticalized labor marketplaces and saw the trend of disrupting the big law model.
- He wanted to bring a lot of the information online and make it more efficient.
- Rod validated his idea by validating the need for independent lawyers to earn enough income and the demand for companies to use a service like Law Trades instead of traditional big law firms.
Product Market Fit:
- Law Trades found product market fit within scaling pre-IPO tech companies with an in-house legal team.
- Law Trades validated whether these companies would use something like Law Trades instead of a traditional big law firm with deep connections and relationships.
Rod Ahmed's Law Trades is a platform that helps companies hire from a vetted network of freelance legal talent. Rod validated his idea by looking at the worst legal job market in history and the demand for legal work. He wanted to make more lawyers entrepreneurs and independent. Law Trades found product market fit within scaling pre-IPO tech companies with an in-house legal team. Rod validated his idea by validating the need for independent lawyers to earn enough income and the demand for companies to use a service like Law Trades instead of traditional big law firms.