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chill pills for the lads

chill

So I went into Barclays yesterday and opened 5 basic accounts, meaning that I have a total of 6 bank accounts available, and have 6 PayPal accounts to add them to. I will use them with 2 eBay accounts that I made back in August, and four that I made in early January. I now intend to sell about 7 items a day on each account, meaning tht I would sell 42 items a day across the accounts, each with a value of £12.50. In a few weeks, I may open a few more bank accounts, and also sell 7 items with their respective eBay/Paypal accounts (I made 20 accounts on reserve back in January, just in case...).

How does this plan sound to you guys?

You walked into Barclays and they let you open 5 basic accounts? In one branch? Just like that?

:ranger:

Yes, a very nice lady opened the accounts for me. She was very interested in my eBay plans and wished me good luck in my endaevours.

This lady actually told me that there was no limit to the number of accounts that I could open, but I just went with 5 for now. There was no credit check either.

She was so kind and understanding that I was surprised. If only there were more people like her in this world...

My gaster is well and truly flabbered!!

Why? :juggle:

It's a good business practice to go to a bank and create a working relationship with them.

I created my first RBS accounts in a branch. Online services were used much later.

x2 I've been able to get the branch to block paypal because the manager knew me. (UK accounts might add).

For my OZ accounts, the branch of my main bank I always use has a standing joke about the names on transfers.

They think I am real. Because I am :brushteeth:

Not detracting from online services because they are convient. But mixing bank usage works too :)

I seriously cannot believe you opened 5 just like that!

Did she not get a little suspicious that you were going to run all these accounts and ask about the 'business' etc?

Surely, they would ask questions on why you don't just want to open a 'business account'?

Or am I missing something?

No, you are not missing anything. I just said that I had applied for a regular/business account before and got rejected due to credit score, and did not want to be rejected again. And the lady said that it was no problem to open the number of basic accounts that I required, that the reason such accounts exist is for those rejected by "regular" accounts. She also opened me a extra savings account, so 6 accounts in total opened on that day if you count that. I am going to try the savings account workaround in PayPal and see if it works.

Now on to my original question... how does my plan sound to you guys? 7 items per day on each account?

And after some weeks/months of good sales, would eBay lift the selling limits on a "private" account? I have seen reports of others getting their 100/£3500 lifted, but they did not clarify if it was private or a business account. Or do eBay absolutely require you to change to a business account to get any higher than that?

No they don't. I have personal accounts with no limits and some with 200/300 + limits.

It's been said a million times recently, getting limits raised is to do with what you sell, how much and how well.

Age and type of account have no relevance anymore.

Well I am now making £500 profit a day now thanks to you guys, which is far more money than any job that I could ever get would pay (especially for someone who is only 19). Thank you so much for helping me get back onto eBay.

I am selling 50 items a day but made it so that for every one sale, the buyer gets two items; for every "1" quantity on eBay, the buyer gets two items. So across 5 accounts I am listing a quantity of "5" on each account but in reality, I am really selling 10 on each account per day since for each quantity, I am selling 2. So I can sell for 20 days straight before I have to stop, which is good enough for me until my limits increase organically. Would eBay ever catch on to this as a way of me circumventing their listing limits?

I am also having to use only half the amount of stamps this way, as two items go into one package rather than two like before.

Well done on getting 5 accounts Elijah.

Don't quite understand what you mean when you say you are sending 2 items to the customer instead of 1, why would you do that?, can I be a customer of yours? :)

LOL. If you find my listing then certainly, yes. :D

They are still paying the price for two; for example the price if I were to sell only 1 would be £11.50, so instead I am selling two together for £23 for example. It is just that I can list twice as much this way, since each sale with 2 items still counts as 1 only. So I can sell 50 items a day (10 per day on each of the 5 accounts) continuously for 20 days, rather than a pathetic 10 days only.

what he means sax is instead of selling one item per listing

he sells two.....doubles price

two birds one stone etc

By the way I am still interested in what you were going to tell me here, before the topic got derailed with comments such as "why would anyone disclose their business model to you?" from NoneOther (it's not like I asked for supplier information :rolleyes:, and it looked like you were going to tell me anyway but for some reason you thought that I was not selling enough/making much money). I already clarified that I am not selling a "limited amount", but you never replied to expand on this. What would the spending of "in excess of £200" for each account get me?

It would get you a rock solid business account, with a business bank account, that had a proper address and a proper telephone number and a proper email address

It would get you a business - it would mean you wouldn't be playing around with endless accounts and bank accounts and user accounts and so on and on.

It's a system I run that is designed for professionals that sell non VERO products that want to build an established professional business.

It's not for get rich quick schemes, it's not for VERO and it's not for people who don't understand what a proper business is.

Like everything it costs money. It costs money for the company, for the bank account, for the address, for the telephone number, for the documents, and for my time and expertise. (Especially for my time and expertise)

It's very expensive and only certain people appreciate what it is

Now that's the type of success stories I like to hear. 500 EU is about $700.00 USD per day :hail:

Does that profit margin still hold true today in 2013?

That makes Ebay worth doing. If it's not too much to ask, is that Net profit?

Do you have to pay for S&H from that?

What about any employees?

Always enjoy reading your post.

Thanks in advance.

Hi Roscoe.

£500 GBP is nearer $800USD.

It is truly amazing what one person can do selling completely legitimate items.:juggle:

I love to hear success stories like this. Not to offend anyone, but with the income I have already I would need to make close to a $1,000.00 per day to make Ebay worth my time and frustration. I can divert me efforts elsewhere and make the same income.

I'm not saying a $100 a day or month isn't good for someone. I'm just stating it's not any help to me.

In order for me to consider Ebaying (if that's what it's called) I would like to have the following business model:

Small line of products (drop shipping would be ideal)

High profit margin (so I can destroy the competition with Marketing)

Easy to ship

Not real expensive items (eliminates Professional Buyers, just give a refund and walk away)

No VERO

No phakes :doh:

Hire someone in-house to deal with S&H, refunds, etc....

I'm sure there are a few members here doing this exact business model. I just want to know if it's REALISTICALY possible? <<< Using Stealth Only.

Thanks

True.

Many do well selling legit items.

Yes. I do all of these everyday other then hire someone to do the packing.

Other then dropshipping which ebay hates.

I wouldn't suggest drop shipping and I wouldn't suggest involving anyone else from outside. People aren't stupid these days. They will eventually figure out what you sell and where you get it. Why would anyone want to work for someone else when they can do the same thing themselves and make 10 times more. Best way is to do everything yourself and that includes listing, answering emails, issuing refunds & exchange, packing, buying suppliers etc ...

I can see you've never owned a business with employees my friend.

I've been saying the same thing about my employees for over 30 years now!

Not everyone can be a Chief. Must have Indians.

The majority of people want a steady JOB from 9-5 and a check guaranteed on Friday.

Very few true entrepreneurs in this world.

Surprise, surprise!

Some feel comfy selling vero and do well doing so.

Some feel comfy selling legit and do well doing so.

We all have our own way and in both cases many here have done well with one or the other and many have done well doing a mix of both.

Roscoe , I don't know what your problem is but you seem to think that you know better than everyone else how to run business or what other people want or need. I don't mind when someone has an opinion but no one likes to be constantly told they are doing it wrong or they think wrong. I don't recall Aspkin inviting you here in order to be our instructor.

Your first statement would be correct. I do know how to run a business better than most people. That's why I'm a Business Consultant and business owners pay me very well for my advice.

^^^That's what I do for a living, teach businesses how to increase revenue, increase profits, be more efficient, teach staff how to increase their average ticket size, and how to market more effectively.

You asked this question:
"Why would anyone want to work for someone else when they can do the same thing themselves and make 10 times more?"

I responded with my answer based upon over 30+ experience owning businesses and consulting with 100s of businesses.

Where did I say you did anything wrong?

I answered your question. Why did you ask if you don't want feedback?

I found that employees are employees because that's their comfort level. Very few want the responsibility, and are happy collecting a paycheck.

It doesn't matter if you know how to run a business better than most people. I am not sure how YOU even define business. Does Bill Gates knows how to run his company, his business?

This forum is not about who runs a better business or who makes more money. It's mainly about getting back on eBay after you have been suspended and how to avoid getting suspended again. So please leave your business advice to yourself or change your attitude. It's ironic that I was called by another member here for being arrogant because you really are.

And I wasn't asking a question in my previous post, it was a figure of speech.

Bill Gates is a great businessman. Many people don't realize how he really became successful. Had nothing to do with Windows. He would be successful in any business adventure.

This forum is about Ebay and PayPal.

When you start a sentence with "Why.....?" that is a Question, not a statement.

In almost every thread where you are involved, there seems to be a lot of drama! Coincidence?

"A rhetorical question is a figure of speech in the form of a question that is asked in order to make a point and without the expectation of a reply."

I would not state an opinion, but I could find out the facts with some research.

Does not really matter to me as long as the sales keep coming and the cash rolls in.