Made my first half million!!!

[nobody999]

Originally Posted by hondaman350

Yes I have 40 bank accounts all opened online. And yes im using dropshipping from china, and some from u.s.

wow! that's even better if you don't have to take the time and ship yourself...
but i always like it when i have control over my merchandise and shipping

[JohnnyBoy]

Originally Posted by Burst

Id like to know about taxes.... Whats going on with that

shhhhhh , what the irs dont know, hope they never know.

[shoot2kill]

Originally Posted by JohnnyBoy

shhhhhh , what the irs dont know, hope they never know.

You think they dont know but they know! Most likey they go after the big fish like hondman lol and leave us penny pushers alone..for now.

[997turbo]

Originally Posted by hondaman350

Yes I get all my electronics from a china supplier. I make a 40% profit margin on each item that sells.

Sorry to be a doubter here but I wish you could clearfy few things I am doubting..

1.Do you have a parter or you work along?I understand you don't pack and ship,but with 40 accounts,40 different listing styles,40 different emails,$1000 x 40 /30days a month I highly doubting you must work 24hrs a day if you work along???

2.Even you say you never had any limited or suspended problems,ship from CHINA is not a good idea.Now the postal airmail from china or hongkong are very slow.A lot and lot chinese sellers got suspended because of low DSRs.How your drop shipper ship your items?Are they use EMS or FEDEX or UPS??If so I then highly doubt again about your profit because they are not cheap to use at all.

If you write your location in USA and drop shipper use CHINA airmail to ship your items.I guess lots of your account will receive heaps of low DSRs and negitive feedbacks.How could your 40 accounts live up there for a whole year??

3.If you say your drop shipper did used the fast shipping services because your item values are pretty high.How could your paypal account never got limited??For new accounts even your monthly receival is $1000 but with like $200 each time you are still in high risk!!As what paypal and ebay doing to all of us nowdays I am highly doubting your words with what you said above..

Don't be feel Offensive I am just doubting..If you would clearfy more to prove all you said above are true that would be appreciate.

[oge]

Originally Posted by 997turbo

Sorry to be a doubter here but I wish you could clearfy few things I am doubting..

1.Do you have a parter or you work along?I understand you don't pack and ship,but with 40 accounts,40 different listing styles,40 different emails,$1000 x 40 /30days a month I highly doubting you must work 24hrs a day if you work along???

2.Even you say you never had any limited or suspended problems,ship from CHINA is not a good idea.Now the postal airmail from china or hongkong are very slow.A lot and lot chinese sellers got suspended because of low DSRs.How your drop shipper ship your items?Are they use EMS or FEDEX or UPS??If so I then highly doubt again about your profit because they are not cheap to use at all.

If you write your location in USA and drop shipper use CHINA airmail to ship your items.I guess lots of your account will receive heaps of low DSRs and negitive feedbacks.How could your 40 accounts live up there for a whole year??

3.If you say your drop shipper did used the fast shipping services because your item values are pretty high.How could your paypal account never got limited??For new accounts even your monthly receival is $1000 but with like $200 each time you are still in high risk!!As what paypal and ebay doing to all of us nowdays I am highly doubting your words with what you said above..

Don't be feel Offensive I am just doubting..If you would clearfy more to prove all you said above are true that would be appreciate.

He says he's doing it. We don't need him to prove anything. Don't hate congratulate. Use his post as motivation. Don't pick it apart. Not everyone wants to go into great detail & give away secrets. He doesn't want competition. Use the book, forum & add your own style.All the info to do this is all right here. We all can do it. Good job Honda. I hope I can get there 1 day!

[oompaloompa]

Quote of the week- Don't be feel Offensive I am just doubting

[oge]

Originally Posted by oompaloompa

Quote of the week- Don't be feel Offensive I am just doubting

lol

[nobody999]

Originally Posted by 997turbo

Sorry to be a doubter here but I wish you could clearfy few things I am doubting..

1.Do you have a parter or you work along?I understand you don't pack and ship,but with 40 accounts,40 different listing styles,40 different emails,$1000 x 40 /30days a month I highly doubting you must work 24hrs a day if you work along???

2.Even you say you never had any limited or suspended problems,ship from CHINA is not a good idea.Now the postal airmail from china or hongkong are very slow.A lot and lot chinese sellers got suspended because of low DSRs.How your drop shipper ship your items?Are they use EMS or FEDEX or UPS??If so I then highly doubt again about your profit because they are not cheap to use at all.

If you write your location in USA and drop shipper use CHINA airmail to ship your items.I guess lots of your account will receive heaps of low DSRs and negitive feedbacks.How could your 40 accounts live up there for a whole year??

3.If you say your drop shipper did used the fast shipping services because your item values are pretty high.How could your paypal account never got limited??For new accounts even your monthly receival is $1000 but with like $200 each time you are still in high risk!!As what paypal and ebay doing to all of us nowdays I am highly doubting your words with what you said above..

Don't be feel Offensive I am just doubting..If you would clearfy more to prove all you said above are true that would be appreciate.

you guys also have to remember that he didn't profit $500,000 , $500,000 was his SALES, which is not that hard to in a year....granted he did say his profit margin was 40 percent, which after all the ebay fees/paypal fees/shipping fees/ is a bit on the high side though, but nevertheless it's not impossible...congrats to him, some people can have that type of sales volume and then some...

[rangerschool]

Very cool! Its about time we hear some good news around this place.
Im pretty motivated now.........ATTACK!!!!!!!!!!!!!! LOL

[NZT]

Lol Oompa, you try Chinese.

$500,000 is really good going, but I didnt think the yield on electronics was that high, I mean 40%, and if they are the real deal then great. There are a massive amount of brands from China that UK buyers would never even of heard of and would be unlikely to purchase them.

I dont think his question was unreasonable, just curious. Its up the the thread poster how much, if any information he wants to post.

The thought of juggling 40 ebay accounts gives me a headache, jesus I now only play with two at a time. The one I am selling in and the one I am preparing for when the 1st one goes down.

I would love to find a decent supplier of electronics, as that it what I enjoy selling. I buy mostly damaged and faulty electronics and refurbish them. The profit margins are not that large and can be affected if you buy a really bad lot.

[johnem22]

Originally Posted by hondaman350

U gotta think big to make big.

Well done on your achievement. This is what we should here more about. Your hard work has paid off.

And your quote is so true. If you think big, big things will happen. PMA (positive mental attitude) .

Keep up the great job

BR
John
Cheekyoffer.com

[NZT]

Yes $500,000 is pretty impressive and I take it that you never even needed to buy eBay Stealth!, you should though and maybe next year it will be £1,000,000!!

[NZT]

Originally Posted by oompaloompa

Quote of the week- Don't be feel Offensive I am just doubting

Hey Oompa, will you check my Chinese for me please, thanks lol.

: 跨國交易用戶認證
為進一步提高交易環境的安全，所有在海外 eBay 網站註冊帳戶或把註冊資料更改為海外地區的用戶，均需通過額外的認證步驟。你需要向 eBay 提供額外資料以認證註冊資料。詳情請聯系客戶服務部。
謝謝你的合作。

Attention!
To further enhance a safe trading environment, we require users who registered on overseas eBay sites or who modify their registration information to an overseas location to go through an additional verification step. You will need to provide eBay with further information to verify your registration information. Please contact Customer Service for detailed information.
Thanks for your cooperation.

[aking]

Not really hard to believe to gross that much profit. He's talking about over a year, and you also have to account for paypal/ebay/shipping/packaging fees which means his net profit would be much lower.

What was shocking to me is how 1 person cna manage 40 accounts. But I guess it can be done. Good Job & Keep it up!! Motivates me to work harder!!

[aribragin]

Originally Posted by hondaman350

Yes I have 40 bank accounts all opened online. And yes im using dropshipping from china, and some from u.s.

thats impossible, how can you have 40 bank accounts???
what kind bank do you use?

[nobody999]

Originally Posted by aking

Not really hard to believe to gross that much profit. He's talking about over a year, and you also have to account for paypal/ebay/shipping/packaging fees which means his net profit would be much lower.

What was shocking to me is how 1 person cna manage 40 accounts. But I guess it can be done. Good Job & Keep it up!! Motivates me to work harder!!

original poster did say he had a 40 percent profit on his sales, i wonder if that includes all the ebay fees/paypal and shipping fees.

[hondAman]

Yes this all a one man show! Im running all 40 accounts solo with no help. Putting in 12 hours a day into this, and I plan on opening 10 more accounts next week with a total of 50 vertifed paypal accounts. And yes, every auction on each account is different, nothing is the same. U gotta mix up everything so they won't trace u. U can open as many online banks as u want also as long as you have a good standing and not reported to chex systems.This isn't that hard to do guys, u just gotta put some time into this and effort.

[captainjack1980]

So do you still list 3000 items on your one ebay and paypal account?

And why are you posting from 2 IDs?

CaptainJack

[oge]

^^^^^^^^^^^^^^Yea that's kind of wierd?

[imjustme]

I sell on 80+ accounts sometimes, mostly on around 60 at the same time. I have 4 employees (including my wife) and myself. And yes, that's 80 bank accounts.

[oge]

So what kind of bread are you making? Are you up in the half of millie range?

[hondaman35]

yes captain jack, my main account with my real info I list over 3000 items.
But the stealth accounts are all ⊗⊗⊗⊗ info, I keep the heat on those accounts low.