Forum

Made my first half million!!!
 

Thanks to aspkin, greenbean, lakeman and all the pros on heres help, I made a little over half a million dollars through ebay sells!!! I been suspended over 30 times in the past. But after studying this forum and some help, Im cranking out accounts like crazy. I learned how ebay traced u and suspends people. Not no more. I opened over 40 stealth accounts, and got over 100 accounts on the side hibernating. Selling nothing but electronics and video game stuff. Its a big headach with 40 accounts, but its bringing in the dough!!! Each account brings in just $1,000 a month, 40 x $1,000 = $40,000 a month. That way way paypal won't limit if u spread out the accounts. Made half a mill in 2009. Goin do it again in 2010!! IT takes alot of work to do this, u gotta have Will power AND TAKE ACTION!!!In the process now of getting a new house built in the florida area. Goodluck to all of u on your ventures. And never ever give up on anything, learn from your failures.

****ing hell!! Welldone!

Nice job hondaman, success stories are good to hear!

thats cool. nice one. do you import your electronics?

I was always told that profit margins weren't high with electronics. I guess when you have 40 accounts it will be, lol. CONGRATS!!

:hail:...this was you -->:typing: :ranger: this would have been me --> :rip:

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

Congrats! That is truly awesome! My (2 Year) success is not nearly as nice as yours, but I have about $10,000 for my new vehicle. I don't want any loan and my current vehicle still works for us. I only run 2-3 accounts at a time.

Congrats Again!

Congrtulations!
Just goes to show you - with a little hard work (and this website) one can do anything!

I had to login to say congratulations!!!

BTW, do you really have 40 bank accounts?!

Yea also do you have a warehouse or are you dropshipping or is this a one man team?

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

good on you mate!

wow you are my hero! do you sell vero items or "brand named" items?

And you are using PayPal?

+1

I'd like to know this as well!

Edit, well it seems OP sort of mentions PayPal in his original post. :)

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

My eyez just blew up ,half a mil ....when i grow up i wanna be just like you man :),good job.

I was about to say.. that's some pretty good profit you have there, especially for drop shipping. Good job!

Im selling real Brand name electronics and video games, and accerorries..
Using all droppshipping on everything, I never have to package nothing.
Yes im using paypal for all sales. I got 40 paypal accounts attached to 40 online bank accounts, boa, suntrust, chase, ally, and citi bank. Each paypal just brings in $1,000 a month so paypal won't limit me so easy. 40 x $1,000= $40,000 a month in sales. U gotta think big to make big.

Wow, I'm jealous! I have alot of reading to do apparently. Are you a one man show or do you have partners?

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

shhhhhh :spy:, what the irs dont know, hope they never know. :shhh:

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.

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. :focus:

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!

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

lol :clap::clap:

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...

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

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.

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

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!!

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.

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!!

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

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.

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.

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

And why are you posting from 2 IDs?

CaptainJack