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Dropshipping on ebay (hustle in progress)
05-30-2015, 02:12 PM
Alright, so I've been looking at a few, and I actually have the supplier side equation figured out, but the legal aspect is the ONLY thing holding me back.
1. I don't have products, they would be shipped from a reputable distributer overseas, not my personal home address
2. The distributer is chinese-based, but they have warehouses in america, and also take payment through paypal (should I bail now? or is that a good sign)
3. The only 'business' I would be doing, is listing their stuff through my ebay account, and getting a portion of sales, credited to my paypal
I'm still planning this hustle, I plan on just hitting the roof for ebay/IRS limit (sell up to $20k, no more) has anyone encountered similar problems? I don't want to start a business, I just want to make up to 200 transactions/$20k on ebay and then cash out
Any input is always appreciated.
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Dropshipping on ebay (hustle in progress)
05-30-2015, 02:16 PM
andy, can you elaborate on the IRS/ebay 20k/200 transactions thing? Thanks.
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Dropshipping on ebay (hustle in progress)
05-30-2015, 03:16 PM
Ebay basically says, until you hit more than 201 transactions/sell more than $20k, they don't report you to the IRS because its not the threshold
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Dropshipping on ebay (hustle in progress)
05-30-2015, 03:24 PM
Not to be an asshole, but why not post this in the 3 other dropshipping threads?
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Dropshipping on ebay (hustle in progress)
05-30-2015, 03:27 PM
I did not want to threadjack
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Dropshipping on ebay (hustle in progress)
05-31-2015, 05:35 AM
Main problem is that I don't think you'd see enough profit to cover your setup time if you plan on dropping it as soon as your turnover reaches 20k.
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Dropshipping on ebay (hustle in progress)
06-04-2015, 11:08 AM
I've not started anything, I'm still getting suppliers lined up, but I'm trying to figure out if I need a business license, to do something, like dropshipping