Lost 40k in ecommerce ! Back for another beating, wish me well!

Hey guys, Lost 40k I invested in an ecommerce store due to being labeled as a high risk merchant from too many unauthorized chargebacks from dropshippping and disputes from shipping taking too long...

Sucks to suck... I know right

Anyways i'm back for more and have used the search bar and have come up with wayyy to much information to sift through and test, i've taken into consideration everything from amazon af stores to afilliate marketing, random porn sites, adsense traffic you name it i've looked into it. Not sure whether I end up with the wrong people or what but would love for someone honest here to take me under their wing for a bit, have some more capital to invest just need an avenue to stick it in.

Get knocked off one horse, time to get on the next one

Link it up guys or yell at me for not being smart enough to figure the search bar out into any legitimate forms of income or you can just message me with any detailed info you may have.... willing to skype chat or anything at this point i'm at the bottom.

welcome to BHW
my wishes for your great success

Damn that sucks. Would love a story on how you lost it and what you learned from it, thanks!

i am sorry man, be strong.

how you did spent 40.000 in a store webpage ?????

Hey guys, so.... the story on how I lost it -- had an ecommerce store that was converting really well (or so I thought) using dropshipping method spent 40k on facebook advertising but ended up having merchant services drop me multiple times due to fraudulent charges and then to top it all off had people complaining that shipping was taking too long and then would just do a "friendly chargeback" to get their money back so merchant services then finally added me to the matchlist. There's nothing I can do about that now because my name was a primary on the LLC which means any merchant service I try to go with at this point is going to find my name on that list and i'm either going to get denied immediately or first round of vetting get found out and deniend so i'm basically screwed on the ecom route and yeah no worries i mean it hurts pretty bad but i'm just going to find a plan b to turn everything around, it is what it is at this point... just accept it and move forward into something else!

Thanks for the welcomes and support!

sorry if this looks like a "spoonfeed" but at this point i'm willing to eat out of a dumpster if I can turn that into some type of profit !! if anyone has any good routes to dive into that I won't step on any more financial atom bombs it would be greatly appreciated ! (please refrain from generic "newbie start here articles) looking for real wisdom from someone who's already been there and done that so I can skip taking any more wrong turns in my life...

Thanks again !

hdparsons3 said:

Hey guys, so.... the story on how I lost it -- had an ecommerce store that was converting really well (or so I thought) using dropshipping method spent 40k on facebook advertising but ended up having merchant services drop me multiple times due to fraudulent charges and then to top it all off had people complaining that shipping was taking too long and then would just do a "friendly chargeback" to get their money back so merchant services then finally added me to the matchlist. There's nothing I can do about that now because my name was a primary on the LLC which means any merchant service I try to go with at this point is going to find my name on that list and i'm either going to get denied immediately or first round of vetting get found out and deniend so i'm basically screwed on the ecom route and yeah no worries i mean it hurts pretty bad but i'm just going to find a plan b to turn everything around, it is what it is at this point... just accept it and move forward into something else!

Thanks for the welcomes and support!

sorry if this looks like a "spoonfeed" but at this point i'm willing to eat out of a dumpster if I can turn that into some type of profit !! if anyone has any good routes to dive into that I won't step on any more financial atom bombs it would be greatly appreciated ! (please refrain from generic "newbie start here articles) looking for real wisdom from someone who's already been there and done that so I can skip taking any more wrong turns in my life...

Thanks again !

Click to expand...

dammed .... next time start spending the money slow and see if it works ... the scale it up

hdparsons3 said:

Hey guys, Lost 40k I invested in an ecommerce store due to being labeled as a high risk merchant from too many unauthorized chargebacks from dropshippping and disputes from shipping taking too long...

Sucks to suck... I know right

Anyways i'm back for more and have used the search bar and have come up with wayyy to much information to sift through and test, i've taken into consideration everything from amazon af stores to afilliate marketing, random porn sites, adsense traffic you name it i've looked into it. Not sure whether I end up with the wrong people or what but would love for someone honest here to take me under their wing for a bit, have some more capital to invest just need an avenue to stick it in.

Get knocked off one horse, time to get on the next one

Link it up guys or yell at me for not being smart enough to figure the search bar out into any legitimate forms of income or you can just message me with any detailed info you may have.... willing to skype chat or anything at this point i'm at the bottom.

Click to expand...

Do you still need any high risk merchant processor? I can intro one to youif you still need. We can chat if you are into blackhat for CPA (I primary spam so only reach out if you are into this).

From Lost, You Learned Something Next Time if you are doing some business learn from the previous mistakes.

Damn 40k is a huge amount.

I wish you best of luck for your future work and projects.

You will find some good way to recover this money and don't give up.

I will suggest you bitcoin investment it's hot right now, but it's risky too.

If you don't mind me asking, how bad is your financial situation just now ?

Willing to eat out of the dumpster, is it that bad ?

You're able to string words together so you could look to do some article writing, if you built your own site/store you can look in Hire A Freelancer on here.

Build up again a float but this time look at FBA instead, it's much more reliable than dropshipping.

Where did you come up with 40k? Did you have it just laying around?

W9go said:

dammed .... next time start spending the money slow and see if it works ... the scale it up

Click to expand...

I know right... hindsight is 20/20 really wish I knew what "scaling" was 2 months ago

MaFiaStyle said:

Do you still need any high risk merchant processor? I can intro one to youif you still need. We can chat if you are into blackhat for CPA (I primary spam so only reach out if you are into this).

Click to expand...

I actually wouldn't mind a high risk processor if you knew one that was high volume... I hate sticking my feet into the same craphole twice but if your fairly confident I can drive sales without having my account "limited" or "closed" then i'd be happy to chat about it... also as far as blackhat CPA i'm not very familiar with it but am open to anything shoot me a pm

quatumcore said:

From Lost, You Learned Something Next Time if you are doing some business learn from the previous mistakes.

Click to expand...

Thanks for the words of wisdom!

Adi11 said:

Damn 40k is a huge amount.

I wish you best of luck for your future work and projects.

You will find some good way to recover this money and don't give up.

I will suggest you bitcoin investment it's hot right now, but it's risky too.

Click to expand...

Thanks for the advice man ! wouldn't mind getting into bitcoin investment, are you familiar with this ? shoot me a pm!

MisterF said:

If you don't mind me asking, how bad is your financial situation just now ?

Willing to eat out of the dumpster, is it that bad ?

You're able to string words together so you could look to do some article writing, if you built your own site/store you can look in Hire A Freelancer on here.

Build up again a float but this time look at FBA instead, it's much more reliable than dropshipping.

Click to expand...

My financial situation is rough... 18k stuck in merchant services for 180-270 days with 10k in credit card debt but could plausibly maybe possibly open another credit card and get into FBA, are you familiar with this ? shoot me a pm !

Seocheck said:

Where did you come up with 40k? Did you have it just laying around?

Click to expand...

credit card debt is fantastic and also currently the bane of my existence

Gosh! That's big money. Wishing you all the best with your future projects. Hope you recover and make a hell lot of more money than what you lost.

Good luck op

hdparsons3 said:

credit card debt is fantastic and also currently the bane of my existence

Click to expand...

Wow. Hope you're able to recover from that bro.

Google - Jim Cockrum and his Proven Amazon Course, also his Silent Course.

They may be on the download section on here, that's a good start out for FBA.

"Every Failure is Stepping stone to Success!" - If a person fails once, he should not lose heart. He must observe the mistakes that led to the failure and try to overcome them in his next attempt -

Appreciated your next attempt & We Wish Good LUCK for Success!

Cheers! "b2f"

Hey OP, I sent the link of this post to my friend who has done pretty well with eCOM. Here's what he wanted me to post -

----------Friend's reply start----------
What merchant process match listed you?
It doesn’t sound right that they would label you high risk just for a few chargebacks and long shipping times. Anyway a ton of people that do millions a month get put on the match list. Pretty much all the free trial/CPA guys get on that list.

You can either apply with high risk (oversea) merchants or just have other people get merchant accounts in their names for them.

You will probably need to open up a new business though in this persons name or assign them as CEO with 1% ownership. Also talk to an attorney because you’ll want to do this legally. I personally know two guys who do 7 to 8 figures a month who are on the match list.

Its definitely possible to continue accepting payments
-----------Friend's reply end--------------

Oh by the way some of the responses in this thread are pathetic. Worthless platitudes instead of ACTIONABLE information of VALUE.

And don't fucking touch the Bitcoin "investment" ...unless you can afford to lose money there too.

Seriously - "investing" in bitcoins is probably the one thing you should NOT do.

My advice - step back - take a deep breath, assess your complete financial situation and work on repaying your debt first. Pick up freelancing/VA/data entry or any other job in a field that interests you.

Like eCOM ? Handle customer service or some other role for a store that you admire. You'll learn the ins and outs AND make money while you do it.

Once you repay the debt, start slowly and only when odds are in your favor. You don't have to get rich overnight, but you only have to get rich once.

Most importantly - read, experiment and take only calculated risks.

Hey bro, your story need to inspire people to make careful plan of money - spending, wish you success!