Forum

Back up accounts???
 

After reading the a few pages in the book and post on this forum. Is it safe to say that after 3 or 4 years account or after you do a certain amount of transaction that if Ebay or Paypal want more information, you should prepare for another account. Yea there might be situations where they might take you off hold or suspensions, but what happens if they don't.... Might as well have new pictures, names, address, etc on deck just in case you don't have that info to give to them. Thought....

Prepare for far more then one account as you never know when something will happen.

Have as many as you can handle growing now for the future.

If you start now with new accounts they will be prime for Christmas selling season.

Many here have a stack of back up and working accounts. If you lose those two accounts say in November you wont have anything to go to. I suggest you have 5-10 accounts up and running at least for now growing in case you need them. Wait until Dec then you have to deal with the pp holds, limits etc.

Always have some building for later!

For each account I run as a business, I have at least 2 or 3 back up accounts that are just building up history. Means if one goes down I can then spread some sales onto other main accounts onto back up accounts. More the merrier as far as I am concerned.

I am but a few reads on the book & a tax id and I be ready. Well it sounds like from around here most people started with out a tax id :rolleyes: hmmmm.....

You should start without a tax ID because you won't really need it unless they ask for it, and they're not going to ask for it if you're under the reporting thresholds (or under pace to get there)

Of course, they might ask for one in case of a limitation.... but it's better to see if you're going to get limited quickly - IMO

LOL

I have 100s of sellers and buyers account and have only been asked for tax ID on one single account. My real one.

I have not been asked on my other accounts at all so do not provide anything to them unless they ask.

Spread sales over as many accounts as you can.

It is possible - as Sandy D has alluded - to operate without EVERY providing tax ID let alone real/personal ID

Well looks like I need to stop playing games and get started

Figure out what what your selling threshold is going to be. Based on information given to you through this thread, that will give you a baseline of how many accts to get going.

Figure this out into your plan and you are on your way.

Wow.

I am working on going epic scale with ebay stealth.

How many active accounts do you have so i can set myself a goal?

J.

Well unfortunately some of these wholesale warehouses I talk to say I need a tax id and/or a reseller certificate.....sigh. Which I'm not in a rush to get it done but I do need to start the process

Well into the 100's of my own personal accounts.

That is easy. You can get a vendors license locally usually at your courthouse.

It takes about 10-15 minutes (maybe less) online to fill out the IRS form to obtain a free tax id. You will get verified online and can print out the form for proof.

Just make sure its not your stealth info when filling out the form :brick:

Wow - how do you keep track?:eek:

Most call it...being organized!

Sounds like my kitchen - NOT!!

As someone sig say "Research is the key" or something close to that. When you think your done, you really not. Therefore I have a long night. ......

Is rotating the items sold in the accounts a good idea? Say I have 5 accounts and I rotate them quarterly so if any negative feedbacks come up the accounts will have a year to allow the negatives to vanish.

x5 - get 5 stealth accounts going and keep accounts slowly building - spread the load.

I'm trying to get to 100 accounts and more. You can never have enough accounts and I keep learning and your able to see how ebay and Paypal operate with a variety of accounts so more accounts makes me a better seller besides just having backups, and I always rotate them keeping them active, I feel unless u have activity you may get random increases but at least for me I have to always earn the Paypal hold being lifted

Takes longer than a night.

Sit down and work out what your expectations are.

Work out how much time you have and how much work you will do to achieve it.

Do not go willy nilly into making accounts. Rather work out how to have a portfolio of them that you can control and use as money makers.

Go over the forum, go over the stealth book several more times.

See what stands out to you as being ideal for a future in stealth.

Plan, work accordingly.

Good Luck

:pop2:

So you have over 100 bank accounts?? The reason why I am asking is because I have 10 & thought that was enough. Is more even possible??

Sandy only goes to sleep on the second Tuesday of every month for 2 hours. J/K.

You have to figure out what your plan is as far as business and then work your foundation around it.

If you have 10 accts, then are you running all at the same time or are you rotating them. Do your accounts help you reach your goals.

Apparently Sandy has her goals in order and has her plan in place.

She could possibly be the MJ of stealth.

Be Like Sandy!!!

There are other ways to cash out without the need for a bank account, but there is nothing stopping you from having 100 bank accounts. Just need to build them up over the years

RE research. I spend 2 to 3 hours each day 7 days a week looking for new products and scanning the completed listings on eBay to see what sells. Takes a lot more work than just one or two days and its an on going task. Always nice finding a product that flies off the shelves for £3 or £4 profit each time and only costs £2 to buy.

You have enough bank accounts to match your created plan.

If 10 covers your plan, then 10 works for you.

:juggle:

No I didn't mean just one night. I was referring to more information I found as far as particular websites. I been researching for about 3 weeks now as far as using 3 to 5 hours a day. More than likely a couple folks took longer than that but still researching though and losing sleep. ....

Stealth has no limits when correctly done to make sure all are linkfree

Actually I am well organized with folders for each account hanging above each computer they are on. Any info on any of my accounts are keep above each computer for quick and easy access.

All IPs used are printed in put in those folders.

I also print sales for each and put in those folders.

A picture of how I take each photo, a description, policies are printed and on the front of each folder plastic front area.

I run 15-20 selling accounts per week.

When there is an active account with items listed that plastic wall holder gets a printout ITEMS LISTED on the top of the folder so I know that account has something listed on it.

I list Sunday to Sunday only unless it is an item I know I can turn over a ton of money on with a quick buy it now. But most end on Sunday night so I spend Sunday nights printing shipping labels and Mondays packing.

I agree with the above, you have to have a goal in mind, a plan and a way to work all that into a business.

Some are happy with 1-5-10 accounts and that is ok.

I happen to have a huge stock of items in a warehouse and in storage sheds because my passion is buying antiques and collectibles to re sell. So I am at antique auctions, online auctions, scouring listings on ebay for mis placed items etc a lot looking for items.

And of course research is vital or you will not succeed. You have to know what is going on in your area of expertise. You have to know your competition etc.

Set your goals according to what you want to do, create a plan, do the work and things will fall into place for you.

Many only want to work a couple hours a day and you cannot operate tons of accounts this way. I avg 4-6 hours of sleep a night if that. But that is me, I can do that easily.

With 2 kids, a hubby who travels a lot I have to be organized in every way.

This best thing is I am doing what I love to do and get to do it when I want and how I want. I make my own hours and like now, we are leaving to heading to Universal Studios in Orlando for a few hours of riding some rides with the kids and having some fun etc.

Will be back later to go back to work!

I'm currently running ten accounts with 3 of them being my prize account (over 1000/50,000 on each of them). I'm hoping the rest will reach that limits. I'm also working on having another 10 backup accounts. These are just back up so I'm selling at most 1-5 items per month on the back up.

Excellent plan - stealthing it well it would seem

What other ways can you cash out mate without the need for a bank account?

Nice one.

Excellent plan - stealthing it well it would seem

Stealth has no limits when correctly done to make sure all are linkfree

- get many stealth accounts going and keep accounts slowly building - spread the load.

:cheer:

Spend your funds online is one way.

But a more important method is to understand that paypal 'expects' an account to have a bank account attached.

paypal likes that image of a conforming user. Gives extra ticks for credibility.

You have to decide how serious you are going to be but also if you want dramas in getting your own money.

Sensibly you would want to access funds easily.

Variety of use works with paypal.

That means a bank account is top of the list.

Alternatives are complicated and may cost an account going to permanent limitation.

Not good nor wanted ever.

:typing: