The $64,000 Question about PayPal and Banks?

[Roscoe]

Originally Posted by mercurial333

Did you have your SSN/EIN attached to your Paypal when you withdrew the 28.000$ in one shot?

Yes. This was a fully Legal Corporation, all paperwork was submitted. PP threw the kitchen sink at me with paperwork to get that money.

It was not a stealth account if that's what you're asking.

[mercurial333]

My advice, make a lot of stealth accounts. However I'm not sure how you can alternate them on that particular website. Ideally, you'd want every payment to go into a different account and spread sales heavily.


To grow Paypal accounts you need to start slow. Consider making your own website. I'm sure if you cash in 30.000$ you can afford to pay somebody to make a nicely designed website and bring traffic in. Then you get more leverage and options.

[Roscoe]

Originally Posted by mercurial333

My advice, make a lot of stealth accounts.

However I'm not sure how you can alternate them on that particular website.

Ideally, you'd want every payment to go into a different account and spread sales heavily.

To grow Paypal accounts you need to start slow. Consider making your own website. I'm sure if you cash in 30.000$ you can afford to pay somebody to make a nicely designed website and bring traffic in. Then you get more leverage and options.

Yes, I believe as you do selling from the same website is going to be the problem. I initially thought I could create 30 PP accounts and rotate each one.

The problem I'm facing is not building a website (I have several Hundred sites already). I'm selling my products thru a 3rd party website that has ALL the traffic.

I'll use FaceBook as an example. If FB tells me I have to use THEIR processor (PP) to sell my products then they pay me after they deduct their fees then I have NO choice. FB has the traffic so that's why marketers go there.

That's the situation I'm facing. My guess after reading this forum for the last 3 days is I will need to change my Business Model if I want to continue to continue to use that very profitable site. I can make a half million+ plus per year marketing on that site.

This is my business model. I sell ebooks (over 20,000 per year) that bring me in on average about $1,000 per day. Then I'll launch a Big Product/Course that includes Video, Webinars, Group Coaching, etc...

I'll promote that course for about 3 weeks prior to launch day. On launch day I can do $50,000 in less than 24 hours. Normally the first 2 hours will bring in $25,000 because of Early Bird pricing. The next $25,000 will continue over the next few days then it dies a slow death.

$25,000 in 2 hours seems like a nightmare to keep switching PP accounts. I would have to rotate 25 accounts at a $1,000 each to be safe.

Then my next problem is PP will see the SAME product with the SAME link from the SAME website and I'm sure that will be the death of my 25 accounts.

I forgot to mention that 75% of my sales come from Affiliates. Just like many affiliates promote aspkin.com The affiliates also are forced to use that website. Without affiliates my launches would do maybe $15,000 vs $60,000.

At this point I'm going to forget about doing any Big Launches on that site. I don't see it working with Stealth accounts. I've had days when I sell 2,000 units at $30.00 Can you imagine what PP will think if they saw this happening in a stealth account?

It seems like ideally Stealth accounts are good for selling smaller, less expensive items that won't flood your account with money. I may be wrong, I would love someone to tell me different.

I can at least build these stealth accounts and take a $1,000 a day from that website by rotating products. I'm going to have to Forget about the Big Lauches, I don't see a way around this.

I did talk to a few family members about setting up a Legal LLC type business PayPal account. The second I mention hundreds of thousands being run thru on a yearly basis they ALL freak out. I can understand why they don't want to do it.

I'll continue to build stealth accounts this week but for different reasons. At least I'll be getting income although not as much as expected.

Thanks.

[Roscoe]

Originally Posted by hdavey10

As GreenBean said, ASPKIN would be sitting at the computer constantly updating the book every minute if you wanted it in real time... its not practical. As GB said also, that is why the forum is here with a wealth of information, to keep you and me up to date on the LATEST trends through eBay & PayPal.

Looking at EB & PP those trends seem to be changing daily, so pipe down with blaming ASPKIN and everyone else, sit down organise a PLAN of action then post it on the forum for people to chime in.

I wanted to be up and running within 2 hours when I started but after 6 / 12 months you will be happy you didn't as you would be in a worse situation than you originally started in.

I understand what you're saying. Aspkin and I are in the SAME business, we SELL information. We sell to people who are in PAIN.

We sell ebooks/PDFs, forums like this, other course/ebooks, and affiliate sales.

I'll bet the majority of members here initially found this site because of problems with eBay or PayPal.

When people are in PAIN they want answers NOW. That's why I believe Aspkin has a great business model. Selling PAIN info is one of the most profitable Niches in all of marketing.

Viagra, Hair Replacement, Arthritis, Credit Repair, Foreclosure, PayPal/eBay problems are great sources of PAIN for many people.

I don't expect the eBay Stealth ebook to have constant UPdates on all the little crap like VBAs, VCC, new PP tricks, eBay crap, etc... Aspkin would be doing Daily updates to keep up with changes.

However, with that said I'll make my comment.

Option One: Using a Family or Friends Name (P 12)

An account with personal information that can later be verified by Ebay and PayPal can withstand a lot more than just an account with any random name, address, DOB. For example if you have a relative who has never signed up for an eBay or PayPal account and they allow you to use it, do it!

I read the entire Stealth Book, sentence by sentence and took notes. I spent hours pouring over the information.

I started reading every single thread in the Subscribes section, I'm now on Page 110. I plan to read all 276 pages within the next two days.

I can show you many threads where a Newbie starts talking about building a New eBay/PP account with a family, friends, girlfriends, information and Old Time members start to rip into them about how stupid they are.

People type in all CAPS (yelling) to get their point across. I have also seen members Swearing at newbies and telling them they are Idiots for using a Family members info or a Deviation of their Own Name.

The Newbie starts to reply "But it's in the book. it's in the book..."

Members tell them don't listen to the book, listen to us.

I can post up the links but I don't want to start a war, I'm here to learn.

I for one don't think the eBay Stealth Book should be promoting using Family members, period.

I think Aspkins ebook was very well written, one of the best I've seen. And I've seen a lot including my own. I also like how he protects it from being Pirated by using "File Secure Pro." I may start using that myself to protect my own ebooks.

I'm sure Aspkin will be reading this, he had put together a very well thought out marketing system. If you want to see how info is being sold properly, just go to his home page and take it from there. Very well done indeed.

I have received some great advice from members here, it is truly appreciated. I am very grateful that Aspkin decided to share this info with us. I hope he makes a killing marketing this site.

I am here to learn. Yes, I'm frustrated and it probably shows in my post without me realizing this. PayPal closed my account, kept $30,000 that was still left in the account for 90 days and I have been losing $1,000 per day since that happened. So yes, I'm still angry and frustrated.

Divorces are PAINful. PayPal divorced me and I'm still in recovery.

If I've offended anyone I apologize.

Thanks,

Roscoe