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Old 05-10-2016
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Default 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?
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Old 05-10-2016
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Default 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...
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Old 05-10-2016
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Default 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
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Default 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.
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Old 05-10-2016
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Default 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
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Old 05-10-2016
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Default 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.
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Old 05-10-2016
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Default 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.
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Default Re: Possibility

Quote:
Originally Posted by easymoney4u View Post
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

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.
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Old 05-10-2016
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Default 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.
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Default Re: Possibility

I found a wholesaler who will give me roughly a $250 profit margin
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Old 05-10-2016
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Default Re: Possibility

Nice! Now get to work learning how to sell said product. Wish you luck on your new adventure!
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Default 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
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Old 05-10-2016
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Default Re: Possibility

Quote:
Originally Posted by easymoney4u View Post
I know PayPal requires Ssn when you get close to $20,000 in sales is there a way around this
Yes, it's called an EIN!

Quote:
and do banks report how much money is being out in and taken out of accounts
No.
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Default Re: Possibility

Does an EIN defeat the purpose of a stealth account?
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Default Re: Possibility

Quote:
Originally Posted by easymoney4u View Post
Does an EIN defeat the purpose of a stealth account?
I'll let someone else answer this one....
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Old 05-11-2016
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Default Re: Possibility

Quote:
Originally Posted by easymoney4u View Post
I found a wholesaler who will give me roughly a $250 profit margin
Get that in writing.

Cover yourself before using funds to purchase.

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Old 05-11-2016
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Default 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.

Last edited by yotano211; 05-11-2016 at 04:08 AM.
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  #18  
Old 05-11-2016
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Default Re: Possibility

Quote:
Originally Posted by easymoney4u View Post
Does an EIN defeat the purpose of a stealth account?
No it doesn't which is why it is used

Quote:
Originally Posted by yotano211 View Post
What kind of truck sells for $60k, WOW!!!
The internet says a Ford F-150 Limited. That is a lot of truck
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Default Re: Possibility

Quote:
Originally Posted by easymoney4u View Post
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
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.
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Old 05-11-2016
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Default Re: Possibility

Quote:
Originally Posted by easymoney4u View Post
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
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.

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Default Re: Possibility

Would $1000 a week be an an amount they would report?
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Old 05-11-2016
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Default Re: Possibility

The truck is a Chevy duramax
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