Real account questions.

gagt3100 · #1 02-25-2015

So I have a real selling account with amazon and they reviewed my account and it took a month. I sent them my SSN for tax purposes. Now my question is how much can i sell on there? should I stop at a limit? I am selling items that go for 300-400 a pop. Should I keep selling balls out or should I do like a few thousand a month?

vogeltron · #2 02-26-2015

Depends on how long you have been selling on Amazon. For the most part if you have been on there for a while and your metrics are good you should be fine. Gradual increases in sales always work best on any platform. Amazon is very big on their metrics. Like eBay any sudden spike in selling could set off their risk algorithms and cause a problem.

Assuming your items are legit. You might want to just call them up tell them what you intentions are for the account since they verified all your info.

machine1 · #3 02-26-2015

Contact seller support and seller performance team let them know your ramp up on sales and if there any info needed you be gladly to assist them. This looks good if you do so and you took the steps to be proactive . you might go on rolling reserve but so what at least you can bring up your selling limit up by going all out . I did this and sold 20k in 1 month with 3 feedbacks. After the review was over I was able to sell up 30k without any issues of amazon contacting me or reviewing my account.

gagt3100 · #4 02-26-2015

I did all of this already, I don't think I have a limit. I was under review for a month and could not sell but finally got reinstated.

Machine1 do you have to pay taxes after the 20K? if so how much?

machine1 · #5 02-27-2015

depends on how much is right off . like shipping supplies internet driving to post office cell phone the cost of your item and whats left for profit. you can pay little tax if you keep track of your expenses

rsot · #6 02-27-2015

Quote:

Originally Posted by gagt3100

I did all of this already, I don't think I have a limit. I was under review for a month and could not sell but finally got reinstated.

Machine1 do you have to pay taxes after the 20K? if so how much?

Always have to pay the taxes owed....even before the 20k.

Good to hear that you are having success - best to get a financial professional to help further