Has anyone heard of anyone selling their ebay business? or is it possible?

johnridden · #1 10-17-2009

I seen this add when looking through businesses, would this be possible? as ebay say you cant transfer accounts.

Buy an Established eBay Powerseller Business With Great Annual Earnings For Sale business for sale on Businesses For Sale .com

Burning · #2 10-17-2009

No, most of these accounts are stolen. I would not recommend buying these powerseller accounts.

#3 10-17-2009

I've never heard of it actually being done.

However, it certainly is possible. Here's a scenario. If I wanted to sell one of my LLCs which happens to run an ebay business...

Selling you the LLC means you own the business. The LLC technically owns the account on ebay. So, the ebay account doesn't get transferred. It remains owned by the LLC.

Why anyone thinks buying an alleged 200k/yr powerseller business for 1200 bucks isn't an obvious scam is a whole different issue. I would never sell a business for 1/2 of 1% it's annual value....

johnridden · #4 10-17-2009

I actually do something similar on ebay as this guy and make ok money. Was just wondering if it was worth putting my business up for sale i had an offer for $60,000. Was just seeing if it is actually possible.

yaw1800 · #5 10-17-2009

i just heard of a guy and his wife selling their business to a big company recently. ebaynews posted this not too long ago if im not mistaken

Burning · #6 10-17-2009

Lol....most of those offers are scams. Why would anyone want to buy a business when they can create and ebay account for free themselves.

johnridden · #7 10-17-2009

no because im selling my own product. im not just buying goods and selling them, anyone could do that.

#8 10-17-2009

By the rules - not possible if your account is registered as an individual or as a sole proprietor or even a partnership. If set up as a corporation, you wouldn't be selling the login - you would be selling all the shares of the corporation and thus a different person would own the corporation and the assets but the corporation still 'owns' the login. Sophistry, in a nutshell.

Quote:

Originally Posted by johnridden

I actually do something similar on ebay as this guy and make ok money. Was just wondering if it was worth putting my business up for sale i had an offer for $60,000. Was just seeing if it is actually possible.

#9 10-17-2009

Buying a business is more than just buying the login. Buying the business includes established clientelle, software, copyrights, trademarks, licenses, tax ID number, etc.

Buying something already created which has an established system from start to finish can get somebody going right away - as opposed to spending months and months just getting it together enough to begin the first transaction THEN having to build a base and get the reputation somebody else already built instead.

Is it smarter for a new entrepreneur to build his very first McDonalds franchise? Or smarter to buy one that already has stripes painted on the parking lot? Wait or Get To Work (you see)?

Me, I'd buy my first one. When it came time to expand, I might consider having the others built just for me (since I'd already have an income in progress).

Quote:

Originally Posted by yozalo

Lol....most of those offers are scams. Why would anyone want to buy a business when they can create and ebay account for free themselves.

johnridden · #10 10-17-2009

thank you vicvelcro! im going to look into this properly. thanks for your help

Burning · #11 10-17-2009

Yes you are correct vic. But just be careful since most of them which I have seen are stolen powerseller accounts. I have seen sooo many stolen accounts. Man, there is a whole forum selling stolen credit cards, ebay, paypal accounts and bank log ins.

#12 10-17-2009

That's good advice, Yoz. It wouldn't cross my mind to consider the potential for an account to be stolen then put up for sale. But then, I'm not buying one either. If I ever do, I'll remember your warning.

GreenBean · #13 10-17-2009

er, they are asking $1,200,000 now. Like I have that much in paypal

#14 10-17-2009

Holy "B" Jeebuss. They must be high on something!

Burning · #15 10-17-2009

I thought it was 1,200 but it's accutally 1,200,000. Looks like the person was drunk or something.

nobody999 · #16 10-17-2009

i actually asked ebay about selling/buying an ebay account, they said, only if it also has an actual brick and mortar business, for example...those "SOLD IT ON EBAY" stores, if you buy that, you can also get the business's ebay account.....
this was a few years ago when i asked about it...so not sure if they changed any rules or not.