Eugene

Corporate & IP Lawyer
Exploring Ecom for the past 4+ years.

[Eugene @EugeneInLaw]

If you own a Shopify store running a brand in clothing, shoes or jewelry niche, I made a Shopify app that could potentially skyrocket your AOV (Currently running it private on one of my personal brands and saw 17% increase)

Monthly commitment for now is less than a KFC Bucket.

Willing to open it to the public to collect reports on bugs and improvement ideas. If you see positive results you propose a toast for a win, if not I will give you your money back and gg.

Ps. The app is plug & play and sets up with minimal effort.

Let me know below and I will send you the details.

[Eugene @EugeneInLaw]

@jforjacob Unless you are referring to dawn theme and uploading dawn theme, then ok, recreating a replica theme out of another theme, questionnable.

[Eugene @EugeneInLaw]

@jforjacob IP infringement 101

[Eugene @EugeneInLaw]

If Finity pays for KD’s shrine theme and one of his students theme once he scales to a million per month, ill pay Finity for paying KD’s shrine theme and one of his students theme once he scales to a million per month.

[finity @finityx]

If KD scales to a million per month ill pay for his Shrine theme and one of his students theme

[Eugene @EugeneInLaw]

@strikerecom Ugly fast, yes

[Eugene @EugeneInLaw]

@Chrysostomides EMI or traditional?

[Eugene @EugeneInLaw]

If there wasn’t a cracked version of the Shrine theme would you still buy it? If the answer is Yes, I don’t see a reason of not buying it. Some people worked their asses of to develop it and paying its price (it is cheap for what they ask) firstly assists their corporation and secondly me personally it would make me happy to give them some credit for their product🤷‍♂️.

[Eugene @EugeneInLaw]

@WealthyExpat Don’t forget the Non-dom status 😎

[Eugene @EugeneInLaw]

@AntonioEscudero Have a safe trip mate!

[Eugene @EugeneInLaw]

@AntonioEscudero Hit me up if you plan a visit to Limassol😎

[Eugene @EugeneInLaw]

@PhedEU Was looking to buy one but switched and bought a Garmin Fenix 8 , much better for pace running, swim and gym

[Eugene @EugeneInLaw]

@EcomKostnchko_

[Eugene @EugeneInLaw]

Before going live with anything, whether it's a new Ecom store or an app, I have this habit to hand it over first to my friends/family and simply ask them to go through the whole journey as first-time users/visitors without explaining or assisting them.

In this way I am able to track in person their journey, their behavior during the process, their walkthrough experience and any blockers or hesitations they might face during the flow. If there are any, I take notes and roll back to these points that might be actually experienced by authentic users and improve them.

So when you build something, it might make logical sense to you on how it operates but in most cases this rule doesn't apply to your end-user. So, before going live with anything reach out to your inner circle and simply ask them to get their hands on it and trust me they will be more than happy to get a touch-on experience for something you made yourself and probably give you the feedback you looking for.

[Eugene @EugeneInLaw]

I see a lot of people, especially younger generations, killing it within Ecom, but they end up struggling with sorting out their tax obligations once they start to scale.

So if you live in the EU and sell in the EU, this is for you.

If you are selling intra-EU (B2C), there is a €10,000 threshold, exclusive of VAT, for cross-border sales. So, sales made within the European Union.

Once you exceed this threshold, there are some destination-based VAT rules that apply and that allows you to then register for the so-called OSS (One-Stop Shop) and use it to report and pay the VAT through its portal.

An example:

You are a business established in an EU country, let’s say Estonia, and you are selling goods or services to EU-based customers and within the year and so far your income totals:

France: €2,000
Germany: €5,000
Denmark: €3,001

Total: €10,001 excluding VAT.

You have exceeded the €10,000 threshold.

From this point, you apply the VAT rate of the customer’s country for instance French VAT for customers in France, German VAT for customers in Germany and so on.

At that point you can then either use OSS portal to declare and pay that destination-based VAT or generally deal with VAT registrations separately in each destination country.

So to sum it up for you OSS is basically a centralized system that makes VAT easier for Ecom businesses by letting you report and pay your EUVAT all in one place.

[Eugene @EugeneInLaw]

@ecomTrevor High ticket ecom hits different!

[Eugene @EugeneInLaw]

Was wondering if anyone in Ecom actually considered forming a Cyprus LLC over a US or one in the UAE just because is a trend to do?

What if I told you that the there is a loophole in the tax system that saves you way more of your revenue than any of the aforementioned two?

And what if I told you that your consultant (lawyer or accountant) is clueless and probably handed you over a ChatGPT script to shut up?😏

[Eugene @EugeneInLaw]

Brand new store btw from just an app I created and plugged it to my store last night, currently testing it with some gaming related products.

What I learnt as of now: Know-your-audience is the key, Clear paths for optimal client journey and UX (Product Page to Checkout) is the treasure, confusion kills momentum and once momentum is lost, abandonment is inevitable.

Sorry for hiding the app’s name in advance, will be released pretty soon🌹

[Eugene @EugeneInLaw]

@mr_alexlogan You have time for lunch?