Forum

Possibility
 

The other day i figure something out, i want a really nice truck. If i can get it new, that would be great. A new truck i want runs about $60,000. Is it possible to get 60k in less than a year selling on ebay? I dont have any products myself i could get from big companies due to the fact i lack a store front. Is their a way around this? and are there any wholesalers that sell good products with good product margins?

Re: Possibility
 

Such a vague question.
A lot of it depends on your level of dedication and time investment. Also, a lot of it depends on how willing you are to follow the 'rules' of stealth which require a LOT of patience - and from your goal of reaching $60k in your very first year it doesnt sound like patience would be too high on your priority list...

Re: Possibility
 

Is it possible? Sure is!

Not having items to sell is a bit of a stumbling block, but with a lot of research into wholesalers you can get over that :)

Re: Possibility
 

Roughly translated OP your questions seems to be :

PLEASE TELL ME HOW TO GET RICH!

No OP, that is something you need to do for yourself. The info is all out there, if you have the real desire to find it.:thumb:

Re: Possibility
 

I wasn't asking anybody to tell me how to get rich, just helpful advise to get me started. I've always had the entrepreneur in me

Re: Possibility
 

Best advise I can offer is put aside a few days and really do your research

Find something that interests you and then find something inside that interest that you can sell to make money.

Re: Possibility
 

My two cents - Read, Read, and read even more. Literally eat knowledge wherever you see it being handed. Dedicate time to just reading and learning. Be it this forum, websites, books, anything.

Re: Possibility
 

If you had to ask this:

"..and are there any wholesalers that sell good products with good product margins? "

....then no, you really do NOT have the entrepreneur in you.:FF:

Re: Possibility
 

Before you figure out how to become rich, figure out how to be come stealther. Must learn the basics before you get advanced.

Re: Possibility
 

I found a wholesaler who will give me roughly a $250 profit margin

Re: Possibility
 

Nice! Now get to work learning how to sell said product. Wish you luck on your new adventure!

Re: Possibility
 

I know PayPal requires Ssn when you get close to $20,000 in sales is there a way around this and do banks report how much money is being out in and taken out of accounts

Re: Possibility
 

Yes, it's called an EIN!

No.

Re: Possibility
 

Does an EIN defeat the purpose of a stealth account?

Re: Possibility
 

I'll let someone else answer this one....

Re: Possibility
 

Get that in writing.

Cover yourself before using funds to purchase.

:clap:

Re: Possibility
 

What kind of truck sells for $60k, WOW!!!

You dont seem to be the business type, I see you as a dreamer and not a duer(?). Two different types of people. I would look into investments that make money and not lose money, like that $60k truck. In a few years that will lose half its value. A $60k truck appears to be a custom made truck, those lose even more value.

You also need to start researching many other things to sell. In case your one item no longer becomes profitable or does not make enough to get that $60k truck.

Re: Possibility
 

No it doesn't which is why it is used :)

The internet says a Ford F-150 Limited. That is a lot of truck

Re: Possibility
 

It may be different in the US, but in the EU, banks do often report suspicious activity to the authorities - if they begin to notice large sums of money going in and out of an account.

Do your business like the rest of the world does. Dont be shady.

Re: Possibility
 

Yes, US banks monitor funds withdrawals.

There are different levels that they can make reports about.

ALL banks, credit unions are obliged to do so.

=}-

Re: Possibility
 

Would $1000 a week be an an amount they would report?

Re: Possibility
 

The truck is a Chevy duramax

Re: Possibility
 

What are they reporting you for? I am missing something.

Re: Possibility
 

No, OP asked if banks reported withdrawals on post 12. Then later gave a weekly amount.

:spy:

Re: Possibility
 

Got that, but what is OP planning on doing to be worried about this?

That is what I am missing.

Re: Possibility
 

I just wanted to know because I have an account just for PayPal but also have personal accounts like savings, etc.

Re: Possibility
 

Tax avoision basically.

Re: Possibility
 

Just unfamilar with this side of ecommerce is my thought.

:ranger:

Re: Possibility
 

Better then most of the POS dodges out there 😂

Re: Possibility
 

I don't mind paying the taxes on the money, but with it being a stealth account I doubt putting my ssn on it while allow it to last.

Re: Possibility
 

US guys will be able to advise you best on this matter. But dont evade it.

Re: Possibility
 

In the USA, all bank accounts require an SS.

Have you read the guide and understand how all this works?


As for the vehicle itself, with today's interest rates of 0%-1.9%, it may make more sense to finance the vehicle and make enough money to cover the payments. Maybe in the long run it could turn into a full time business.

Re: Possibility
 

For the most part yes but I'm concerned about the tax implications scout putting the money in my account but using a PayPal with a completely different name.

Re: Possibility
 

Finding wholesalers there are, but you will have to be spread over multiple ebay accounts. Ebay wants new sellers to sell slowly and live off a minimum wage and when like 8 months when your dead you can sell big time, lol, seriously that's how it is. Spread over multiple ebay accounts and goodluck man. Anything is possible. I suggest you get ebay money and then do something else in real life that's not so headache given.

Re: Possibility
 

The be rest assured, names of paypal accounts make zero difference to the IRS or state you reside in(By-the-way, a lot more to be feared than the IRS if you live in a income taxed state)

They are just deposits into your bank account. Pick a small bank or credit union or a good large bank and you will have no bank issues if conducting fair business.

I would consider a business account. In general, business accounts are a lot better for stealth.

Re: Possibility
 

I think I figured it out. If I file it under misc income I should be okay

Re: Possibility
 

One more question. What do y'all use to change ip's? I don't mind spending money for something that works

Re: Possibility
 

You dont need money to do it. Usually something as simple as switching your modem/router on/off often does the trick. But search the forums as the possibilities are endless.

Re: Possibility
 

In my opinion your going to have a lot more to worry about going stealth and then going to buy a 60k truck off the lot without solid proof of income. Take the EIN advice and manage your book keeping...

Re: Possibility
 

I turned off my modem and my IP address was the same