The monetary cost of multiple stealth accounts

[Canadianleaf]

I hear many people mentioning how many stealth accounts they have, some up to 6-8. I can understand these situations they may all be incubators for eventual resell.

My question is people who use multiple stealth accounts for personal use how do you scale while keeping costs down? The costly aspect would be all the clean dedicated IPs which must be leased from a provider. These generally range from $10-20 / mo. For 5 accounts you are looking at $50 - 100 / mo just for the IP and this will be perpetually if you want to keep the amazon account.

I have the assumption everyone just "eats" the costs.

[GhostOfAmazon]

"Eats"?

First, 1 IP can be used for upwards of 4 or more different accounts.

You can have a stealth eBay, Amazon, Etsy, etc account on ONE IP.

Second, I make WAY more than the measly 10 bucks a month an IP costs on each stealth account. Most people probably make 500 bucks MINIMUM profit on each new stealth the first month.

Finally, its a business expense you can write off on your taxes.

[rsot]

If you are in Canada OP, you don't need "clean dedicated IPs" x 5 - you can use dynamic IP providers such as dongle or such

[empirestate]

Originally Posted by speer

I hear many people mentioning how many stealth accounts they have, some up to 6-8. I can understand these situations they may all be incubators for eventual resell.

My question is people who use multiple stealth accounts for personal use how do you scale while keeping costs down? The costly aspect would be all the clean dedicated IPs which must be leased from a provider. These generally range from $10-20 / mo. For 5 accounts you are looking at $50 - 100 / mo just for the IP and this will be perpetually if you want to keep the amazon account.

I have the assumption everyone just "eats" the costs.

Talking about IPs, yes price is a little bit steep here. Research is your friend.

[dachilla]

Originally Posted by speer

I hear many people mentioning how many stealth accounts they have, some up to 6-8. I can understand these situations they may all be incubators for eventual resell.

My question is people who use multiple stealth accounts for personal use how do you scale while keeping costs down? The costly aspect would be all the clean dedicated IPs which must be leased from a provider. These generally range from $10-20 / mo. For 5 accounts you are looking at $50 - 100 / mo just for the IP and this will be perpetually if you want to keep the amazon account.

I have the assumption everyone just "eats" the costs.

You are right, since AMZ and Paypal nowadays hold your profits hostage for at least 3 weeks after the account creation, there is a bit of an investment to make. Not only the Fresh IP also buying the accounts or vcc or documents etc. it all adds up quickly. However I think most people don't start with 6-8 stealth accounts, they start with one and build it up. Thus the costs for the second stealth account should be covered by the profits of first one and so on.

[yankee]

IP can be nearly free. Use your cell phone data or buy a mifi/dongle.... It is just the cost of doing business.

upwards if 6-8? Some members have many hundreds of accounts.

[ScottieBoi]

$50 per month is a super small business expense. I still don't see why people don't tether from their phone. I have used that for years for eBay, but it seems that no one uses this method for Amazon. It's free! Unless someone can give me a reason why it's not good.

[e2free]

Yes dongles are best option, you can use as many accounts you like on one dongle, VPN only good if you not based on that country otherwise no use for VPN

[empirestate]

Originally Posted by ScottieBoi

$50 per month is a super small business expense. I still don't see why people don't tether from their phone. I have used that for years for eBay, but it seems that no one uses this method for Amazon. It's free! Unless someone can give me a reason why it's not good.

It might be super small for an established business but when you are starting a business without any successful products, it is not.

__________________
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[GhostOfAmazon]

If you can't come up with a way to make up an extra 10 dollars to bootstrap your eBay enterprise, I don't think entrepreneurship is for you.

[MikeRock]

Maybe your doing it a bit wrong if its costing you $50 per month per account.

My Costs per account are about $15 a month when i look at it as i get an amazon and ebay/paypal account for $30 a month. I could easily sign up for etsy and other platforms but amazon, ebay, and my website keep me plenty busy.

Here are my costs:
-PO box with real street address - 53.00 for 6 months = 8.34 a month for an address

-Addition accounts at BOA and Chase cost $5 for the child accounts. You get your debit card and checking/routing

-H20 Wireless phone. I buy them used or new on ebay. i get 3 months for $10 = $3.33 a month. Last time i got 4 brand new phones for $16.

-Fresh IP. $10 a month

My costs are about $27 a month and i get both an amazon and ebay account for that money. Both bring in serious money!

I typically have to give away more than $100 in lost and returned good a week. $15 a month is like a piss in the wind at this point. My ebay fees are in the thousands....my amazon fees are even higher! do you think $300 a month for 20 accounts is too much? I personally dont. Its the cost of doing business at this point.

[GhostOfAmazon]

....why are you paying extra for Chase accounts?

[MikeRock]

Originally Posted by GhostOfAmazon

....why are you paying extra for Chase accounts?

That is what they charge me after i have 1 main account. My girlfriend banks with chase...she has an account she uses($10 a month) and ive opened up child accounts that come with a debit card and direct deposit ability(acct#/routing) for $5 each.

Id rather have all valid and up to date bank accounts on my accounts. I keep seeing people here with VBA/VCC having issues withdrawing after 180 days and adding or having issues adding real account information. Ive had 2 accounts suspended and getting that money to the accounts have been flawless with real account info/

Personally i dont care about the $5 or $30 a month for that matter. My online businesses bring in a significant amount of money each month. I think you said it best. Its the cost of doing business!

If you have a way of getting free chase accounts please let me know. I can get free accounts from Wells fargo but i already have accounts with BOA, Chase and BB&T and they are all working fine.

[Anthonio]

I heard about dongle, maybe you could try using that. relatively cheap too.

[ScottieBoi]

I still see nothing about phone tethering. You already have a hotspot on your phone. Why not use it?

[GhostOfAmazon]

You can get free Chase checking accounts if requirements are met. Usually direct deposit or minimum balance. You can also transfer your accounts to either Military or College Student accounts if either applies, both are free.

[metatrade]

Originally Posted by e2free

Yes dongles are best option, you can use as many accounts you like on one dongle, VPN only good if you not based on that country otherwise no use for VPN

You would need to log your IP's if using one dongle for multiple accounts right?

[e2free]

Originally Posted by metatrade

You would need to log your IP's if using one dongle for multiple accounts right?

Many senior members say this but I don't think this makes any difference as 1000's of other using same network and sure many suspended aswell so how this will link you? Or suspend you?
As details of all accounts are different don't think keep record will make any difference

[MikeRock]

Originally Posted by GhostOfAmazon

You can get free Chase checking accounts if requirements are met. Usually direct deposit or minimum balance. You can also transfer your accounts to either Military or College Student accounts if either applies, both are free.

Yeah im not leaving a lot of cash in these accounts. I usually transfer it out to a main account. I could save $60 a year by keeping a balance, but its a cost of doing business the way i want. Its a lot easier for me to pay my bills from 1 account rather than 10. For me its more about the convenience then the cost.

No military or college account here.

There is ways i can save on the monthly fees i pay, but its such a minor cost why mess with a process that has been working. Its $5 a month. LOL My kid ask for more than that on a daily basis to hang out with his friends.

[GhostOfAmazon]

I wasn't saying it's a big deal I just don't see any reason to pay for a bank account that's free....

That said, you can also try going into a local chase branch and talking to a manager. I managed to get mine upgraded to a military account and I've never served a day in my life. I just asked about the fees and he upgraded me on the spot. Just being a nice guy.

Now will that work 100% of the time? Nah. But you might catch someone on a good day. I didn't make a special trip, I had checks to deposit anyway but I digress....

Point is being friendly and talking to people and just asking for what you want can work wonders, on eBay, PayPal, with banks, anywhere really.

[VanVan13]

Originally Posted by GhostOfAmazon

"Eats"?

First, 1 IP can be used for upwards of 4 or more different accounts.

You can have a stealth eBay, Amazon, Etsy, etc account on ONE IP.

Second, I make WAY more than the measly 10 bucks a month an IP costs on each stealth account. Most people probably make 500 bucks MINIMUM profit on each new stealth the first month.

Finally, its a business expense you can write off on your taxes.

How can you do a stealth ETSY? i used to make nice coin there before a jealous competitor took my store down. since everyone has to get that stupid etsy payments they get your social security they even run your credit report! even if you register as a business they still want that info. Any hints? i could sure use that store being back up right now

[GhostOfAmazon]

Don't use Etsy myself, but others do. Ask them.