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eBay Inc.

EBAYNASDAQ

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Not excited for the OnlyFans getting flooded with Xanax'd White Zinfandel bloated cuckwives when this shit collapses.....

Selling overpriced used household shit and kids toys on Ebay/Marketplace can only float ya so far.....

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Nothing changed in regards to taxes except a reporting requirement on 3rd parties like eBay. It's just harder to commit tax fraud now.

You've always been required to report business profits. You'll report gross revenue minus cost of goods sold and any business expenses like shipping and eBay fees on your Schedule C.

You are required to be making quarterly estimated payments. You could also increase your day job's withholding to achieve the same thing.

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In addition to the painful fees, eBay almost always sides with the customer in a dispute m, even if they are clearly lying.

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Start with eBay and Etsy they already have traffic and only take a commission per sale VS you constantly spending on advertisements to get traffic to your own website

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Push button Dodges are similar. Just takes a scanner you get for cheap on ebay. No key needed.

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I stopped selling on ebay because they take so much money. When I started, PayPal took 3% and ebay took 6%. Now ebay takes close to 15% and there is no PayPal. AND they take 15% of the shipping too. So your mark up has to be like 50% and you are making ebay way more money than you need to.

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Yup csco was top dog in the 90s, ge was close, aol was a titan, and ebay was the amzn

Unfortunately I blew up in 2000 and wasn't short but I learned and I'm in put city now baby imgimgimg

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Listen close because I’m betting you have have already made up your mind about a lot of things, I’m not defending it, I’m explaining what’s happening.

I’ve been in the investment business for more than thirty years. I’m the CIO of a private trust company that has a niche in special needs trusts and guardianships. CFA, multiple masters degrees, the whole thing. Seen it all. From the into of algos when I ran a hedge fund to having lunch with Meg Whitman during the eBay pre-IPO roadshow.

I love this business and the good it can do for people, especially the work I do now. I took a big pay cut to step into this job. So when I see people like getting taken advantage of it pisses me off, but quite frankly that’s what makes the markets efficient and liquid, and there are so many people begging to get rich quick that think they know so much, someone is going to fill that vacuum with a product.

In short, you’re wrong about me, and I bet you’re wrong about a lot of other thing you are assumptions about too.

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This is my moment. I’ve been hoarding Big Mac coins from eBay since 2018

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We're going into a recession, sales are declining for him(like most people on etsy, ebay, etc), and he's trying to get out before the ship sinks. Lol

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Hi everyone! I sell beaded jewelry. I have an etsy and ebay. Here are the links

eBay: https://www.ebay.com/usr/stellasbeadboutique

Etsy: https://www.etsy.com/shop/StellasBeadBoutique?ref=profile_header

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Put that shit on ebay.

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U still sell on eBay? I never have

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What does it sell for on ebay?

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Yea it is bad. Funny thing I probably would of never started on selling on there had they not called me and encouraged me.. That was 2014 when they were calling big Ebay sellers trying to poach them

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If you have skills in woodwork I would definitely make some wooden gifts and sell them on Etsy & Ebay. If you can personalise them even better. You could make a wooden wine rack, chopping boards, bird houses, shelving, storage box to hold baby toys or dog toys etc.

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To access stock like the big vendors on eBay . You need to be r2 certified. Then you can access carrier auctions. If you don’t have that, you need to find a company to downstream your stock .

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Also, just because you made a new account, doesn't mean your safe. All ebay has to do is check your ip address and poof there goes your new account. As I mentioned, I have 10+ years in e-commerce so I'm not just talking out of my butt.

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On the investment side, honestly too much hype for going all in on them, they've shown unstable numbers at best.

But from a future stand-point lets talk about it,

  1. These guys put nearly all other brick and mortar shops specializing in gaming out of buisness. Those who have survived do it by offering older gen gaming at a reduced price from Ebay or Amazon.

  2. They have a rewnewing subscription system with the option to use points to pay as long as your spent enough in thier store that year. Which offers enough of a discount that even black friday shoppers are paying the sub fee to get the (maybe) one time a year shopping they had to do, done at a reduced price.

  3. They trade in thier own currency. Much like the idea in the sub model, they pay your more money for using them as a bank when your done playing thier games, offering something like 20% value if you take the tade payment in store credit (which we do).

  4. In a family of gamers i can literally save a next-gen consoles value yearly simply by taking the kids in once a quarter for a swap-out and refresh of thier current game library. And no i dont mean im saving by spending, i mean if i chose to invest the same dollar amount without the sub cost I would end up paying nearly the full price of a next-gen console (estimate at $500 yearly).

Show me another buisness at a similar scale (starbucks for example) that offers those kinds of concessions to thier user base.

Are they going to fight an up-hill battle for best in game streaming? Maybe, as they are clearly late to the party

Are they going to make that climb assuming they are not bought out first? Yes

Until another company comes along that can compete on thier scale they will be the top game store which translates to top game streaming service once it launches.

Dont believe me ask a gamer if they would like a free xbox gamepass subscription worth of content by paying for a membership they already get for free or they can just keep getting it for free by occasionally buying games they already planned to from gamestop....

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PayPal? Most of car listing sites are owned by eBay, if wholesale takes a beating listings will go down as dealers enter crunch mode and halt advertising spent.

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Welcome to the world of selling stuff online. You started a similar way I did, by selling lower volume used items with relatively high profit margins. You've also found the same problem I did: it's very hard to scale this type of online business due to the time investment in each item.

The most important thing to know, which you may already know, is that you make your profit when you buy, not when you sell. The selling price is already determined by the market. You can only make more money by improving the prices you buy at. In order to do that, you probably need to get away from buying on eBay. Buying from craigslist or similar is one option, but obviously with higher risk of getting robbed or buying stolen goods. And zero recourse for you if you buy something stolen from some craigslist rando. You also many not have any way to get out to meet up with people who are selling items due to your age.

The other path you are considering, selling higher volume items, is a path I also went down. It has pluses and minuses. You can scale to a much higher volume of items sold but you will have a much higher number of customers, and a much higher volume of problems. You will spend more time on customer service issues, and it will feel like an even bigger waste of time because of the very small profit you have per item.

Competition is also a lot fiercer when you're dealing with commodity items that are effectively available in unlimited quantities. Any new idea you have will be immediately copied by dozens of other people also trying to make a buck. It is very, very difficult to build a moat around this type of business.

I survived by custom-coding my own automation processes that did a lot of the work of running the business, cutting down on costs and allowing for fast changes to pricing and stock across multiple sites. That's not for everyone though, you'll need to find your own ways to out-compete everyone else trying to sell the same things.

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So much of the vintage gear in Japan has been gobbled up, that much of the desired stuff has made its way to resellers on EBay and Reverb, that finding deals on vintage Japanese gear through individual Japanese stores is very hard to navigate. Whereas European stores are way more user friendly. Good luck on your Greco search. California tends to have a lot of good vintage Japanese gear in the states, if you’re ever there.

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I've never really had issues with it being risky on Ebay at all

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It is essential that you read The Four Pillars of Investing by Bernstein. He lays out all the basic concepts of sane, long term investing. Buy this book for $5 on Ebay, best investment you can ever make.

I made a lot of money in the past few years, and almost everyone I know is either poor, or in a fairly high income bracket with no financial acumen whatsoever. Several of these people are alcoholics to varying degrees. This makes any discussion of money impossible, but things slip out sometimes. It is so hard, especially when people ask for money.

I don't know how to avoid this, I just try to avoid talking about money as much as possible among friends who don't have any money and love to spend. Things are much easier with friends who don't have any money and don't want any, or at least any of mine.

Good luck, you are going to need it!

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We buy through Amazon, eBay and Stamps.com. Their rates are better that what we can get through UPS directly.

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Usually eBay or replace base

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i personally wouldn't touch 2nd hand phones at all on ebay unless they are unlocked in front of you, it sounds far too risky.

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Stop selling on eBay, sell to direct buyers.

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I used to flip musical instruments when I was your age in addition to working another job. Did it until I was about 18. 1) it’s super easy to get burned with flipping and lose your money. 2) your personal value and intellect is clearly far beyond being merely a phone flipper on eBay (no offense) 3) would you rather create a new product yourself or just live on of the coattails of the used product of other companies?

It’s a good side hustle, but I think you can do better.

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There isn’t anything like that in the uk with much demand, everyone used eBay

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It’s certainly scalable? I think he’s a bit restricted by only buying on eBay though. I suggest OP invest in some “I buy old/broken phones” advertising locally, that way people are bringing their phones to him instead of him looking for them

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I would advertise on Facebook Marketplace and EBay but set it as collection only. This will help drive enquiries.

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Congrats on your Ebay business. I used to work in IT sales and there is an industry marketplace called Brokerbin.com where IT hardware suppliers sell used/refurbished HP, Dell, Cisco, Microsoft and Apple products. These companies would buy for example iPhones in bulk from businesses who had them for their employees, data wipe them and refurbish them then sell them to other businesses to either give to their employees or sell on to end users like you do.

The service some people have mentioned where you would need to build trust, data wipe and provide a certificate is called ITAD (IT Asset Disposal) and is maybe something you could look into in the future once you’ve built your business up to £5k a month as you need lots of accreditations to build trust and expensive equipment to 100% data wipe and provide official certification. Buying from one of the businesses on BrokerBin skips this step.

BrokerBin membership is quite expensive but I believe you could source 100% of your stock from there and save so much time and money.

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I have a question for you: if I buy something on Facebook Marketplace for $100 in Cash, then I sell it on eBay, for $150, how do I report that I got it for $100, so I don’t have to pay the taxes fully on the $150?

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Honestly, I’m in a similar niche and it’s very hard to scale. However I could recommend perhaps trying pc flipping alongside phone flipping. You have the basic skill set (e.g. able to repair, negotiate, bargain, patience) and the actual assembly is rather easy. Don’t get me wrong, it ain’t easy but it’s another market to tap into and it’s pretty easy. About £150 per flip, less than 5 hours spent assembling and purchasing every part most of the time, average 2 week sell time, use YouTube vids with the same specs as benchmarks. If you do however I’d just like to warn you, similarly to how you make money now, the money is in the value of the pc parts, not the time you put into it so make sure to get good deals. Also good photos and you’ll need to list on eBay Facebook and Gumtree.

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Apple Refurbs EBay (be super careful) gumtree

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The value is based on what people are willing to pay. I've been collecting these since they came out I think I know what I'm talking about

Go to ebay sold listings to see your real buyers

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Limiting your sourcing to EBay really does seem to cap your inventory. If you have Facebook MarkerPlace in your country that’s a sweet deal. Or some kind of reseller website. Put an add out “I buy old phones” or “have a damaged phone? I will buy it”

Sorting that out will also suck up time but it will for sure fix your inventory problem. Congrats man! At 15, this is wildly impressive.

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You can get decent older laptops on ebay fir under $100... what do you need an expensive for?

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Don’t let them scare ya. The only way HMRC know is if you fill in a self assessment. They don’t have the manpower to go after small sellers like you who give them no info.

Find a way to make a constant income first then worry about the tax later if you want. Just start a new eBay account and do it legit. But before that just learn how to make constant income. The last thing you want to do is have a business that hardly makes any money and deal with all the paperwork that comes with HMRC.

I even asked PayPal once if they report anything to the taxman, and they said that’s down to you, they won’t do it.

So until you start making a decent monthly income, I personally wouldn’t bother, and just focus on just trying to create an income.

True story, I once had a Ltd company back in 2009 (created instantly by a website) that didn’t make much money to be taxable (like £4000), and my partner and I split ways and he said he’d wind it down. He didn’t and I got charged a £100 late filing fee (because I never filed a self assessment but was on the company details). I ignored it for 3 years, went to uni, fee went up to £5k. They sold it to a debt collector that would leave automated voice messages, then I go a job, instantly on 20% tax bracket (no tax free income), messages stopped, quit job after 2 months, messages started again. Mum told me to ring them up and told them I was never self employed. I did that, and also told them I was travelling in Europe, and didn’t know when I’d be back. They said okay, we’ll take you off, and sent a letter 2 days later with all the late penalties I had incurred over the years for every month, like 5 pages long, and right at the end they zeroed it.

I’ve got wilder things I can’t even share on here. But the system works because you give them all the info.

Like I said, focus on making money first, worry about taxes much later when you know you can make money.

The system is on the brink of collapse anyway. People are blind to it if they think otherwise, if they can’t sort out the energy crisis (product enough cheaply for demand), dealing with the taxman won’t even be a thought, already entire industries are shutting down in the eurozone.

This is not tax or financial advice, do whatever you think is best.

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From reading these comments it seems like your actual product is your repair skills. You could scale that out in a repair business. You could also buy the phones in need of repair on eBay and sell on other platforms like offerup and Craigslist where fees don’t hold you back.

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Well I have to check eBay listings every few hours or so and stay on the Newly listing until something good comes up. The good deals have to be searched for, researched and then I also have to negotiate with the buyer and wait for their response.

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I got my Thinkpad t510 i7 for under 200.00 on eBay in 2016? Excellent laptop

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I'm developing a platform where people can buy and sell their used goods with less risk based using independent testing and published prices. I started working on it after a couple years of buying and selling tech components like CPUs, motherboards, etc like you are doing and getting frustrated with Ebay - ordering motherboards and CPUs and getting them shipped in plastic wrap and altoids boxes.

I'd be interested in chatting with you if you have the time. Not trying to sell you anything, just seeing how to make my platform better and may have some tips for you in the process. PM me if interested.

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eBay really hides it, but you can also request a full report of all your transactions from deep within the account settings. It takes them like 3 days to produce it, so I think someone is manually generating it, but it’s really helpful to request one a few times a year.

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If I make my eBay account a business and attach it to my business with hmrc which has my national insurance number and is in my name, wouldn’t it be taxed to me?

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Then your parents would end up owing tax on it if eBay sends the report of how much their account sold. They’re probably making over £12k so they would owe tax on the money you made unless you do a tax return in your name

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I sell when eBay has 80% off selling fees. I can sometimes get for example an iPad for around £50. It could be completely destroyed. I replace the lcd or anything else broken and then sell It as refurbished and offer a 12 month warranty. I then sell it for around £400. Around £10 is eBay fees and £3 for postage.

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How does the math work on this? I’d have thought The eBay commission alone would eat most if not all profit.

I mean you said you often make £300 a phone.

So if you’re selling them for £1000, youre only receiving £900. Which means you sourced it for £600 - which means your provider thought it was worth £540. So you’re sourcing iPhones for literally basically HALF their market value?

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Thanks for the advice, I’ve been banned in the past on eBay. They give no second chances too lol. I had to make a new account on a different address and parents name. I might move to Amazon to avoid this

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Probably not but that’s eBay ToS thing not tax related.

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Can he even actually sell on ebay at 15 in the UK?

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No problem. At your level it won’t be very hard to fill in. 90% of the self assessment form won’t be applicable to you and it will be a good learning experience.

Just make sure you keep the eBay emails of the purchases and amounts for your records all outgoing/sales. Again it’s extremely unlikely, like practically zero that they will audit you but it’s important to do either way just as a business/accounting practice.

Start doing it correctly now and you will thank yourself later when you start making a lot more money and everything is done properly and you know every detail about your business.

Good luck!

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Dude no… lol

It’s got nothing to do with your eBay account. You have over £1k of income so you should register.

I suggest you talk to a close adult who might know about tax.

I doubt it’s a problem just register and learn to do a tax return. If you want to make £5k a month you have to deal with this stuff.

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HMRC don't care about how you've set up your eBay account. They care about how you are operating.

And right now, you're operating like a sole trader.

You can argue "I'm not a sole trader!" until you're blue in the face; I promise you you are going to come horribly unstuck unless you listen to the people on this thread discussing tax liabilities. Your options are to listen to us now or get thoroughly fucked later.

There isn't an "ignore it forever" option.

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My eBay is a private account so I’m not a sole trader

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Never let ebay know how old you are they will perma ban you!

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Keep records of everything you've spent and everything you've made.

The tax man doesn't care much about people clearing out the spare room on eBay. But he certainly cares about people making a good income - and you can't be making £5k/month without attracting his attention. Put the money aside to pay the tax NOW, because the easiest way to find yourself bankrupt on your eighteenth birthday is to carry on the way you're going.

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ebay has 3060ti FEs for $329

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Also this local not eBay and other websites as prices haven’t moved that much. I assume most of those are flippers keeping prices high.

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Somethings are only worth what someone is willing to pay..... Negotiating a fair price on anything in Ebay is a shitshow....Dipshits and their cuckwives think anything they post is gold....

Only worth what someone is willing to pay and I can do without most of the time....

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That would be unbelievably helpful,I’ve tried setting up a eBay store multiple times and I either get flagged for having to many items posted to fast or don’t get any views on said item,I have contractors through parts unlimited,Tucker and western power sports

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No joke, some of my old gamecube games are going for $200 each on ebay

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In 2000, PP was king to disposable pawn in 2015 when eBay changed course. As the necrotic process shrivels PP’s remains down to its final satchel of elbow skin, nature completes its course with evaporation.

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Start saving up cash and buy a second hand phone from facebook marketplace or ebay and start flipping it in a profit range of 10-50 dollars or more depending on the conditions, the specifications and model of the phone and the company its a game changing side hustle, a little time taking but once you get the hang of it and develop new strategies you’ll see skyrocketing results.

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Want the 10,000 cap myself, going to search eBay

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Some jobs don't get laid off. Like hookers and ebay hustlers.

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My dad had a small pile of Elizabeth II memorabilia from her coronation he was waiting to sell. Just put it up on ebay this week. Not bad timing.

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You'd think I could negotiate some fair prices on Ebay but even the cuckwives don't sell for a loss....

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Need consumers to buy stuff. Also helps when the dumb fucking cuckwives sell their used items for what someone is willing to pay for it.

Ever try to negotiate a fair price on Ebay? People think used shit is worth 90% of retail value....

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Dunno what cave you reside in but Ultraboosts go on sale every month. Either Adidas ebay store or their own website.

I bought '22 UBs for 90ish maybe 4 months ago and a few days ago I picked up UB 19.5s for 70 from Adidas' website.

These sales have been around for a long long time.

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So the issue that worries me is that it’s usually at a loss, but not always. For example, I bought a used car in 2020 and sold it in 2021 for $1500 more just because that market got whacky. My accountant told me not to worry about it and we didn’t put it on my taxes, even though I wanted him to for the purpose of offsetting my business losses for mortgage purposes. But take this camera stuff as another example. I usually take a modest loss when I buy, use, and resell a camera, but with the pandemic causing supply line problems, I was able to resell several camera items at a profit. Same thing happened with kayaks - I sold a boat I’d paid $75 for for $300, broke even on another one, and turned a profit on one I’d never wanted in the first place but the guy begged me to take it on trade toward the one he wanted. At that point it was starting to look dangerously like a business, but again mostly losses from just regular use.

I lose more often than I profit, and the profits tend to just be incidental or opportunistic. I do not intentionally “keep inventory”; my “inventory” is just my old stuff that I’m not using anymore, and there’s a lot of it.

That line also implies that Venmo cares whether the transactions are in “friends and family” mode or “goods and services” mode, which I almost never use. I probably didn’t collect $600 on Venmo g&s, but I did on eBay/PayPal, just on one item that I bought for $900 and sold on eBay for $700 after two years of use.

And yes I have receipts for almost everything bought new, since I usually shop online, but I buy a ton of stuff used, a lot with cash cash, and a lot with Venmo transactions that I label in my general personal transactions spreadsheet (basically my checkbook ledger).

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Ebay

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So what do I do with any 1009s that come in? I have definitely sold well beyond $600 per year on eBay and Facebook, and I’ve exceeded that amount on each payment platform as well.

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Sixteen years ago, fresh out of school, my husband and I got married with a $20 tungsten ring for him and a $700 engagement and wedding ring combo off of Ebay for me. We now make a very healthy income and have a nice nest egg and investments.

We would not "upgrade" those rings for anything in the world. For us, we started with nothing and built everything we have together. Those rings are a nice reminder of that.

OP, I would get out from under that ring, even if it is 0% interest lay away. You can't afford it. Overall, you are spread too thin. Maybe they will let you take what you have accumulated and put it towards a less expensive ring.

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His guns rust and degrade quickly since he can't maintain them in the apocalypse. He'll have no ammo for the same reason. A basic b*tch with a bow and arrow will kill you, silently, begot ryou even know it. He'll reuse his ammo, née dno maintenance, draw no attention during a firefight...

And the ebay part is...you'll only use your gun on yourself. After 2 days when you realize your water is turned off, the water you find outside contaminated and stagnant you'll have no choice. He who purifies water survives, he who hoards guns dies.

And, since the apocalypse won't happen, you'll never need it. You'll he another LARPing couch potato trying to be more of a man buying more guns to compensate for your lack of personality. Sitting alone without a wife or family, only cold steel and bros to keep you warm. Always dreaming of the apocalypse so you'll be a hero, but that won't happen. We all know that when real shit happens, during unrest, civil war, invasions, pandemics and all other shit...gold has value. Gold worked in Venezuela, in Sovjet, in Iraq and Syria, in Ukraine and in USA.

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Congrats on launching your Etsy store, I wish all the best.

Now to answer your question, yeah they are legit. As in you get what you paid for, you wouldn’t get scammed (hopefully)

Now a days SMM panels offer many services and for what you said you need, tiktok and Instagram. There are many that offer SMM services. I have personally used panels for my businesses (2 Etsy stores, 1 eBay store and my online furniture store) and they have been really helpful to get you off the ground. It’s not a needed services however it is very handy to accelerate the beginning of your Social media marketing.

Currently I use this website here and there (top-growth) which have been solid. Only reason I choose them over some others is mainly because they take Apple Pay. Not a dealbreaker but some don’t accept card payments.

I’d say personally, try it out for yourself and see how it goes, just don’t got overboard.

All the best!

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Not as easy as it is with the $/euro discrepancy. So much easier to buy gear from Europe than Japan online, or should I say find gear. If you're Ebay/Reverb exclusively, then yes but if you shop individual stores online, Japan is very difficult. I collect Japanese built guitars, mostly Daion, and find the deals in Japan are in person much better. Europe is so much easier to navigate by searching individual stores online. Bought a sweet Roukangas for 70% off build price.

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eBay

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What worked for me won’t work for you likely, there’s no easiest business everyone can do. Flipping items from Facebook marketplace to eBay was what worked first, then matched betting, YouTube and now my own website

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Weed grinders are called spice grinders in eBay.

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Gum ball machines - $300 machine, buy bulk gum balls on Amazon, just need to talk to local businesses about letting you place on in their lobby area.

Claw machines - $3000 but they make bank in restaurants (kids fill em with $$$ while parents visit).

Bird scooters - you can manage a fleet in your local area.

Buy clothes at Ross or TJ Max and resell on Amazon or eBay.

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It's not like I don't know, but

wtf you smoking?

etsy, 5,392 listings for water pipe

ebay

15,000 + listings for 'bong'

17,000 + listings for water pipe

amazon

over 10,000 results for bong

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Tech & More -- Delivered to Your Door

Discount retailer with great deals this September. Mobile phone accessories, computer accessories, some office supplies, general merchandise.

Over 400 positive reviews between eBay/Mercari, and nearly 2 dozen positive Google reviews. Fast shipping. Really. Order by 3PM EST and chances are it will go out that day. 2-3 day average timeframe to get your order.

Free shipping for orders $25+

https://xbit.llc

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There is a few 3D printer farms that actually do everything for you. Some even let you buy direct from them and you basically license the files to them. Shapeways used to do it, but I think their business model shifted. I met a guy a few years back that was a 3d print and fullfillment center for ebay creators so if you created a Game of Thrones iPhone 14 charger, you sent him the file, and all the buys were routed to him to print and box and ship. He had a lot of printers.

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You can sell pottery many places. You can sell on Facebook marketplace, Etsy, eBay,local farmers markets etc. you can even sell on our website marketlocaltm.com for free as long as your business fits the criteria on the join the team page. We would love to support small businesses like yourself. If you just want more information on marketing and selling in general we have a few blacks you can check out at https://www.marketlocaltm.com/blog! It have some useful basic info! Hopefully this helps

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It pretty much was.

More notes about Cartrivision:

  • It was only available as a built-in VCR in a new color console television, and was only sold at select retailers (most notably Sears and Montgomery Ward). The resulting price meant that it was out of reach for most consumers.
  • How-to videos (fishing, etc.) and sports highlights were available for direct purchase. Feature films, however, were not, because Hollywood had an immense fear of home video that only subsided around 1980. Movies could only be rented through mail order, and the rental tapes had a mechanical lock to ensure that they could not be rewound, except by a special rewinder kept at the catalog desk at Sears/Wards/etc. where the tapes were returned.
  • Most surviving Cartrivision VCRs are homebrew units built from parts acquired at the liquidation sale. A Cartrivision console TV turned up on eBay a couple years ago and sold for $1500.
  • Cursory research suggests that the liquidation took place in July 1973.
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Our family is comfortable income wise, and so so much of what we got for kid clothes, etc. came from thrift stores, consignment sales, or buying off Ebay. Particularly when they are little, they grow so fast that the 30 dollar baby outfit someone got as a present was only worn like 3 times before the kid didn’t fit in it anymore. Boom - basically new thing for 5 bucks vs. 30. That meant the biggest bang for the time investment was when the kid was very young, but she’s kept doing that even now that my daughter is much older (and the love browsing through Ebay together looking for deals now.). And now that she’s older, it means that my daughter gets some indulgences (leather boots she loves but we never would have paid $250 to get new for a kid who is still growing some, but $50 off EBay was fine).

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Your business would have a gross income of $8. From the gross income you would subtract:

  • ebay fees
  • shipping fees
  • your original cost of purchasing this inventory

to get your net profit, upon which you would pay tax.

Unless you bought your CDs very cheaply, this is an unprofitable business and should not owe taxes. But you should keep records as best you can, because due to various reporting that happens by Ebay, the taxman may assume that you should be paying taxes on the full amount received from the transaction, which is not the case.

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I did say this in another post but just to be clear, eBay reports how much you sold, not how much is taxable, and the IRS is beyond aware that a large amount of the income reported on 1099ks is not taxable.

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You expecting to sell more than $600 of CDs in a year?

That said, just because eBay reports it doesn't mean you owe taxes on it. If you ignored it entirely you'd likely just get a letter asking for an explanation, you'd respond with "Selling personal items for less than originally paid".

That said I get most folks want to be proactive and avoid drawing the attention of the IRS. I'd personally consider the sale price to be the current fair market value, essentially zeroing out your profit. I wouldn't attempt to take a loss, e.g. $15 CD sold for $8 resulting in a $7 loss (more with the fees you'd also claim), because you aren't selling as new CD but a used one, hence the ned to determine current fair market value. You can do this on a schedule C.

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This is simple. You keep a simple spreadsheet of the sales.

In column 1, you list the CD(s) you sold.

In column 2, you list the final price of money received from eBay.

In column 3, you list the shipping price.

In column 4, you figure out a flat rate packaging material cost (do your best to estimate it once and just use that amount universally.)

In column 5, you subtract columns 3 and 4 from column 2 (essentially your "profit").

You keep this spreadsheet handy and up to date.

Then you completely ignore the form eBay is required to send to you and the IRS.

In the extremely unlikely event that you are audited because the IRS sees this as a discrepancy or the IRS asks you to clarify this form, you show your spreadsheet and tell them that you are selling goods you purchased at full retail price some time ago. The IRS will leave you alone immediately because it's not worth their time trying to figure out if you bought any of these CDs for less than $2 in 2002 and turned a profit after two decades of owning them.

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ebaymotors, facebook marketplace (scam central right now), nextdoor

On nextdoor I sold an old civic 1k over what bidders were offering on ebay

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They will know because starting this year, ebay automatically reports everything I make on there to the IRS. I just don’t want to get taxed on $800 (assuming I sell 100 CD’s) when it should only be $200.

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Well ebay is going to report it anyways. So I will be getting taxed on the full amount unless I do some deductions I think.

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If this was a business:
Sell CDs on eBay for $8
Cost of shipping and fees $6
Net profit $2

Taxable income $2.

If you're just selling used personal items nothing is taxed, because most likely you're selling it for less than you paid for them.

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You kid, but you can buy a fan assembly too if that takes a crap. There will be plenty available. But checking the sellers history is actually really smart.

There will be a lot of burned customers, but that is like the trademark of EBay. Buy used, take the risk. But if they get cheap enough people will buy them, just to get every last ounce of processing that they have left in them. Like some 35yo linebacker.

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>And how would you know until you bought it that it was overclocked and half baked?

You pull off the GPU fan and measure the wear on the fan bearings... I kid...

There really is no way to know, that is basically the problem. You can't look at a GPU and know it's history, nor is there an odometer of use or indicator that shows previous temps or utilization.

Any used high end card on ebay has a chance of being used for mining previously.

You'd have to look at the sellers history to see if there are/have been multiple listings for similar cards as they'd be offloading a lot of them.

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>thousands of $200 video cards on EBay in a month

I don't think people are going to be eager to buy cards that have run at 100% utilization on the brink of overheating for months/years at a time.

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Good comments here and I would second diversification. But I would also point out that you are probably comparing performance at the worst possible time. I get it you are down 10% over 5 years but to put it in perspective, amazon is down 30% this year. One of the most successful companies in the world. Next to it are companies like Nike, down 38% Ebay down 40% Nvidia down 55% Netflix down 60%

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