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Originally Posted by GreenBean (Post 881464)

Hahaha

The master returns.

:hail:

Originally Posted by nelly4dust (Post 881373)

Hi All,
I barely post but I need some advice ASAP. I can easily make over 10k a day with my websites. I build websites and advertise using Google. Making money, getting traffic/customers, finding hot products, reliable suppliers etc isn't a problem and actually comes second nature to me now. I'm able to build sites in one day because I've been doing it for so long. Normally I use a stealth Paypal to accept payments and spread sales over a few accounts but it's starting to become difficult as it always does during this time of year because of all the holiday shoppers. Meaning, I'm getting way more sales than the stealth Paypal accounts can endure so soon because they are not aged and no history. Many times I get 21 day holds right away. I also know that I should have prepared earlier this year for the holidays but I didn't.

I know that with new stealth accounts you have to move very slow but I don't have time to move so slow with the holiday rush that is approaching and will lose out on the opportunity to make a massive amount of money if I keep playing with amateur stealth Paypal accounts. I also know that a merchant account is a good option but even with a merchant account it isn't good to get a large volume of sales so quickly or they can terminate you too.

At this point I'm trying to figure out what I should do. Definitely don't want to go through another holiday season making the minimum when I have the potential to make a million. How do you top sellers do it? What do you recommend? All advice is appreciated! ( Sorry for the long post....needed to vent a little lol)

Originally Posted by nelly4dust (Post 881373)

Hi All,
I barely post but I need some advice ASAP. I can easily make over 10k a day with my websites. I build websites and advertise using Google. Making money, getting traffic/customers, finding hot products, reliable suppliers etc isn't a problem and actually comes second nature to me now. I'm able to build sites in one day because I've been doing it for so long. Normally I use a stealth Paypal to accept payments and spread sales over a few accounts but it's starting to become difficult as it always does during this time of year because of all the holiday shoppers.


At this point I'm trying to figure out what I should do. Definitely don't want to go through another holiday season making the minimum when I have the potential to make a million. How do you top sellers do it? What do you recommend? All advice is appreciated! ( Sorry for the long post....needed to vent a little lol)

Originally Posted by rsot (Post 881471)

I wasn't implying myself btw - like unkown 5454 stated, there are quite a few holes in the story...klnd of alarming...

Originally Posted by GreenBean (Post 881482)

This is a really good gift you have. Not a lot of sellers can combine such skills.
In ecommerce, our worst enemy is Time. In your niche, you have another enemy your source of payments.
Would you be prepared to consider just trading on the current accounts at the moment and not making your goal?
Are you willing to face the chance of losing good sites if anything goes pear shaped?

Much as I moan about PayPal, it can be a consistent source of funds. But I was taught to never rely on one source.

What other merchant sources have you checked? This site should interest you.

Please note, I am not saying do not do this. I am saying be aware this is going to be difficult to pull off “fast”. Look over options carefully.

:peace:

Originally Posted by rsot (Post 881471)

I wasn't implying myself btw - like unkown 5454 stated, there are quite a few holes in the story...klnd of alarming...

Originally Posted by aking (Post 881481)

That's great, you just described half the members problems with this lol. We all can make sales and make money, but unfortunately the days of instant payments is over. You have to wait like all of us, until someone finds a loop hole.

Originally Posted by SaiJin (Post 881496)

Enough with the attitude from everyone in here. Stop being judgemental and provide tips or brainstorming materials.


As for you, Nelly, I don't understand why you'd want to keep using paypal if you are not using eBay, especially with that high amount of sales each day.
Based on everything you said, to me you are more of a researcher and not a business builder.

What that meant is you can provide the goods and services, but better to let a manager take care of your funds. At that level you'd need one regardless.
A good manager can deal with merchant accounts, set up LOI or BLC and even make a deal with the payment processor and actually set it up so that you won't have to worry about the transfer to your bank.

This is how the big boys play. PP is almost never in the picture.

So basically call up your bank manager and tell him / her your business, volume, type of products, expectations etc and he'll come up with a solution for you.

Originally Posted by SaiJin (Post 881496)

Enough with the attitude from everyone in here. Stop being judgemental and provide tips or brainstorming materials.


As for you, Nelly, I don't understand why you'd want to keep using paypal if you are not using eBay, especially with that high amount of sales each day.
Based on everything you said, to me you are more of a researcher and not a business builder.

What that meant is you can provide the goods and services, but better to let a manager take care of your funds. At that level you'd need one regardless.
A good manager can deal with merchant accounts, set up LOI or BLC and even make a deal with the payment processor and actually set it up so that you won't have to worry about the transfer to your bank.

This is how the big boys play. PP is almost never in the picture.

So basically call up your bank manager and tell him / her your business, volume, type of products, expectations etc and he'll come up with a solution for you.

Originally Posted by nelly4dust (Post 881501)

I have used a merchant account in the past and that was a problem too because I made too much money too soon.

Originally Posted by aspkin (Post 881508)

Originally Posted by GreenBean (Post 881489)

You hit the nail on the head. The more you work, earn funds, the more hassles. But to discover outcomes, you ask questions.
:thumb:

Originally Posted by ebaystealth1974 (Post 881510)

I guess Biggie was right! lol

Originally Posted by aspkin (Post 881508)

Also spreading sales to merchant accounts (which you should be fine with higher dollar amounts, I don't know why you have issues with that)

Originally Posted by nelly4dust (Post 881441)

I asked a simple question that obviously you couldn't answer. Did I say I was getting shut down? Who want to deal with 21 day holds if they have large sales volumes?

Originally Posted by aspkin (Post 881508)

It just seems that nothing get easier and the more money, the more problems.

Very true!

So, you know about spreading out sales over multiple accounts. Unfortunately you haven't fully taken advantage of this with aged accounts and dozens of PayPals with your volume. Nothing you can do but keep trying to build up reserve accounts. Also spreading sales to merchant accounts (which you should be fine with higher dollar amounts, I don't know why you have issues with that), and other payment processors. I like Bitcoin.

Depending on your customers take other payment processors as well.. heck Amazon Payments is great too.

Part of the business is handling financing; it sounds like you're going through a growth period and possibly need partners or assistants to help with departments that have out grown you (I can't help, sorry). I hope you get the help you need. Maybe focus less on building and more on payment management so you can capitalize on your work.

Good luck!

Originally Posted by nelly4dust (Post 881562)

As far as merchant accounts, the one I used before told me that I can't make over 3K per day. ( Didn't know there was limits on merchant accounts) So that ended up being an issue because they didn't tell me that upfront. I was already making over 6k a day at that time. In the process of getting another merchant account now.