Possibility

easymoney4u · #1 05-10-2016

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?

slokor · #2 05-10-2016

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...

JamesNorth101 · #3 05-10-2016

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

realdeals · #4 05-10-2016

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.

easymoney4u · #5 05-10-2016

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

JamesNorth101 · #6 05-10-2016

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.

Play · #7 05-10-2016

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.

realdeals · #8 05-10-2016

Quote:

Originally Posted by easymoney4u

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.

empirestate · #9 05-10-2016

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

easymoney4u · #10 05-10-2016

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

yankee · #11 05-10-2016

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

easymoney4u · #12 05-10-2016

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

MM78 · #13 05-10-2016

Quote:

Originally Posted by easymoney4u

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.

easymoney4u · #14 05-10-2016

Does an EIN defeat the purpose of a stealth account?

MM78 · #15 05-10-2016

Quote:

Originally Posted by easymoney4u

Does an EIN defeat the purpose of a stealth account?

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

GreenBean · #16 05-11-2016

Quote:

Originally Posted by easymoney4u

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

Get that in writing.

Cover yourself before using funds to purchase.

yotano211 · #17 05-11-2016

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.

JamesNorth101 · #18 05-11-2016

Quote:

Originally Posted by easymoney4u

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

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

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

Play · #19 05-11-2016

Quote:

Originally Posted by easymoney4u

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.

GreenBean · #20 05-11-2016

Quote:

Originally Posted by easymoney4u

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.

easymoney4u · #21 05-11-2016

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

easymoney4u · #22 05-11-2016

The truck is a Chevy duramax