$1m Business

Update

I will finally be able to get started next week

I've had this fucking paypal loan that has made me miserable for two years, fucking covid hasn't helped my work situation much
I used to literally fear getting the mail everyday waiting for a letter from a debt collector but luckily paypal doesn't really give a shit about their so called 'minimum repayments'
I was a semi successful seller on eBay, I started buying products then got started dropshipping, that was going fine but then I got "flagged" in April 2018 and got aggressive in dropship from china ignoring vero bullshit and eventually got banned..leaving me with 15k debt and no income....not fun. My ebay account has pretty much screwed after being flagged in april 2018, I used to be on the first page for many items, had sold over 1000 units of some then every single one of my items was only on the last page...sales dried up substantially. I tried listing more and more to recover sales which lead to vero infringements (I suspect half of them were bs) but impossible to fight.






I will finish paying the last remaining 3k next week probably on Wednesday, will feel fucking amazing.


My plan is now to split my income into

Real job - pays for everything ( food house etc)

Online profits - all reinvested back into products I can resell....due to covid I will start with buying things to re-sell myself then potentially becoming a drop-ship supplier
Unfortunately, the plan I had to reduce any income tax to zero from online profits by continually reinvesting everything and essentially profiting zero cash in hand was wrong so growth will be harder with the government taking 30-45% of profits.


Currently producing income I have

2x ebay accounts drop shipping --- profit about $500-600 a month
1x A Sort of dropservicing model that earns me about $200 a month

All profits I will buy items to resell

I have purchased about $300 aud worth of products to sell but they have not arrived yet


Plans
- Grow both ebay accounts to 1k profit a month
Start another income source to get away from eBay as the new system they have is a nightmare for stealth accounts
I really need to learn a 'high ticket' money making skill
*The term "high ticket' makes me ill but whatever


Lets do this

Congrats on being debt-free (soon), must feel amazing after such a long time.
Interested to see if you manage to get the show on the road, will be following.

A little hiccup, got a speeding fine from a cop with severe small man syndrome, was going a little over the limit but fuck he had an attitude but paid that off today so can officially start now


Current eBay sales, 2 drop-shipping accounts active

Sales are growing steadily




Average profit margin from these accounts is approx 22%....some of my better selling items are a little lower, trying to find the balance between sales volume and profit margin.
The plan is to continue to grow these accounts to hopefully 6k+ a month by the end of the year.
Feedback has taken a hit on my larger account (neg feedback from an idiot) resulting in some weird sales...two days of zero after a $300, makes no sense to me.

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Still waiting on stock to arrive from China, covid has killed delivery times, starting to get a little worried as it has been nearly two months and epacket is not traceable in Australia anymore apparently

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Now eBay is blocked at my work so to waste time during the day I am setting myself up two mini-challenges

0 to 1k by end of the year

Facebook group
and
Instagram

I literally know nothing about making money on the net outside of eBay so this will be a good way to improve my knowledge and diversify from eBay

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Current Situation

Cash in bank - $280
Stock (waiting to arrive) - $300

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Did you have any success selling peptides in Australia?