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Old 08-14-2013
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Default Personal or business

Hi,

I have a Stealth eBay Account . 172 positive feedback I can sell 130 or 3800 a month. I was just wondering if I should leave it as a personal account or upgrade it to business. I know if I do upgrade it the will give me silver power seller. I been using the account aproximetly 3 months. I have one bad feedback but that was from an unreasonable buyer. Who said what he bought was not new but then admitted on ebay message it was after I offered to drive to his house pick it up and refund him. Ebay where no help what so ever in all this when I asked for the negative feedback to be removed. Even saying he admitted him self on ebay messages "there was nothing wrong with the item" only to be told "we respect our users privacy we can't look at messages sent from one user to an other via ebay messages" I think that is a LIE to be honest. I don't believe for a second they have no way of reading the messages.
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Old 08-14-2013
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Welcome to the forums.

How are you 100% certain that you will get silver powerseller? I have had personal accounts become power seller without having to change or upgrade to business.... you have something in writing?
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Old 08-16-2013
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I have all the qualifying criteria ticked apart from being personal user and it says it should be business account. It's says personal in red and orange box beside it where as everything else has green ticks. I want to upgrade and also be able to sell more but I spent months building this account up and the feedback. I don't want to change to business and it gets flagged by ebay.
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Old 08-16-2013
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I also no longer have the PayPal hold and average 850-900 a week in sales
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Old 08-16-2013
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I keep everything personal. The last thing I want is to be seen as a business. Stealth accounts should be kept small scale, spread out, and should look like a side hobby, not full time business.

It's your call, if you want to grow your stealth business, there are two methods. Create more stealth accounts and spread your sales, or expand on your current stealth account and put your eggs in one basket.
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Old 08-18-2013
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Or do both. Spread sales and grow a few super accounts

J.
Quote:
Originally Posted by corleone View Post
I keep everything personal. The last thing I want is to be seen as a business. Stealth accounts should be kept small scale, spread out, and should look like a side hobby, not full time business.

It's your call, if you want to grow your stealth business, there are two methods. Create more stealth accounts and spread your sales, or expand on your current stealth account and put your eggs in one basket.
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Old 08-18-2013
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Or do both. Spread sales and grow a few super accounts

J.
I like to give a good buffer amount as to not hit the SSN requirements.

I anticipate close to 7 figures brought in this year and I spread them pretty evenly across 120 accounts. I try not to exceed 10k per account in a year. Last year I got careless and hit the SSN requirement and had to ditch a few accounts, not this year.
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Old 08-19-2013
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7 figures over 120 accounts - very nice.

corleone, keep in mind - a poster recent got hit with the documentation request after only 2.9k sales in 1 month...shows a bit how PP evaluates sales PROJECTED RATE on a month-to-month basis...
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Old 08-19-2013
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Really nice Corleone. Great inspiration.

Quote:
Originally Posted by corleone View Post
I like to give a good buffer amount as to not hit the SSN requirements.

I anticipate close to 7 figures brought in this year and I spread them pretty evenly across 120 accounts. I try not to exceed 10k per account in a year. Last year I got careless and hit the SSN requirement and had to ditch a few accounts, not this year.
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Old 08-19-2013
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Quote:
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7 figures over 120 accounts - very nice.

corleone, keep in mind - a poster recent got hit with the documentation request after only 2.9k sales in 1 month...shows a bit how PP evaluates sales PROJECTED RATE on a month-to-month basis...
I know I was reading that thread. I try to keep it at 1k per account/month. My big Months are alway's Nov/Dec, so if I choose to go higher in those months, it gives me some room to play with.
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Old 08-19-2013
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Quote:
Originally Posted by john456 View Post
Really nice Corleone. Great inspiration.
thanks, it's going pretty good. I owe credit to this board because without this place it wouldn't have happened. I'd have given up 3 1/2 years ago when it looked like my ebay selling was over.
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Old 11-12-2013
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Default Re: Personal or business

But IRS wise, we still need to report all income even we don't get 1099 from Paypal, right?

Quote:
Originally Posted by corleone View Post
I like to give a good buffer amount as to not hit the SSN requirements.

I anticipate close to 7 figures brought in this year and I spread them pretty evenly across 120 accounts. I try not to exceed 10k per account in a year. Last year I got careless and hit the SSN requirement and had to ditch a few accounts, not this year.
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Old 11-12-2013
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Default Re: Personal or business

Quote:
Originally Posted by wendychen2000us View Post
But IRS wise, we still need to report all income even we don't get 1099 from Paypal, right?
They won't know about it, but yes, the IRS requires you report all income.
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