It wasn't that long ago when I was happy to sell $1000 per month. Now, my eBay monthly fees are over $1000 per month. These are the times when I don't envy the big boys on the forum.
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Buying and Selling on eBay: Tips, Tricks, Problems & Questions - Page 1639post #24571 of 3251611/16/15 at 6:11pmpost #24572 of 3251611/16/15 at 6:13pmQuote:
I asked the representatives I talked to and they told me that if it happens again, I should just not open a case and hope the buyer forgets about it. Seriously, that was their advice.post #24573 of 3251611/16/15 at 6:18pmpost #24574 of 3251611/16/15 at 6:19pmQuote:Originally Posted by mormonopoly
I sold a suit in late September and the buyer opened a return request stating it was not as described. Not wanting to fight it, I accepted it. The buyer returned a different (read as worthless) suit. They didn't respond to my messages, so I opened a case against them. I sent the buyer pictures of the suit that I received. Today, (Yes a month and a half later), the case closed against me. I've called ebay several times and spoken to representatives who have literally told me the buyer automatically wins a case like this. Anyone have any ideas of what I can do?
There's also different tiers of cs reps so if you can level up it helps in my experience.post #24575 of 3251611/16/15 at 6:32pmpost #24576 of 3251611/16/15 at 7:08pmQuote:
yeah, five figure bills here lol.
but consider it one giant advertising budget!post #24577 of 3251611/16/15 at 7:49pm
What percentage does everyone put aside to pay for taxes? I've been keeping approx 30% of my profit to pay, but I'm starting to get worried that it's not enough. I've sold way more this year than previous years plus my full time job. I'm getting kind of anxious that I'm putting myself into a new tax bracket I can't afford.post #24578 of 3251611/16/15 at 7:54pmQuote:Originally Posted by My Main Man
What percentage does everyone put aside to pay for taxes? I've been keeping approx 30% of my profit to pay, but I'm starting to get worried that it's not enough. I've sold way more this year than previous years plus my full time job. I'm getting kind of anxious that I'm putting myself into a new tax bracket I can't afford.post #24579 of 3251611/16/15 at 8:09pmQuote:Originally Posted by MJMcRibb
thanks. I also just found an H&R Block tax calculator. Did a very quick calculation based on my W-2 from last year plus my eBay stuff. Looks like I'm all good. Hopefully my trip to my tax lady doesn't surprise me.post #24580 of 3251611/17/15 at 2:27amQuote:
Dogs are nice. However, deductions are truly man's best friend. Make sure that you are claiming all that you can. It can make a significant difference.post #24581 of 3251611/17/15 at 3:54ampost #24582 of 3251611/17/15 at 5:32amQuote:Originally Posted by My Main Man
What percentage does everyone put aside to pay for taxes? I've been keeping approx 30% of my profit to pay, but I'm starting to get worried that it's not enough. I've sold way more this year than previous years plus my full time job. I'm getting kind of anxious that I'm putting myself into a new tax bracket I can't afford.
Tax rates are marginal, so you would only pay the increased rate on income OVER the bracket limit, ultimately 30% should be fine +/- a few %post #24583 of 3251611/17/15 at 5:40amQuote:
I still remember the first time I broke $100 in one week. My wife and I went out to dinner to celebrate. lol.post #24584 of 3251611/17/15 at 5:42amThis aught to be fun... buyer from Australia clearly threatening negative feedback - claiming I faked a BB jacket...
Honestly kind of surprised as he has over 500 positive feedback... Said I used fake photos, and that I labeled it Brooks Brothers myself LOL. Also says the size is wrong, when the pictures from the auction clearly show the marked size per BB. Any suggestions on how to deal with this sort of childish behavior?
Link to sold auction below...
http://www.ebay.com/itm/Vintage-BROOKS-BROTHERS-Faux-Fur-Collar-Lined-Leather-Trench-Coat-Jacket-44-USA-/231727991052?ssPageName=ADME:X:AAQ:US:1123post #24585 of 3251611/17/15 at 5:43amQuote:Originally Posted by My Main Man
For me.....As a preliminary measure, I typically take 10% off the top of my weekly gross sales and put that in a separate account that is reserved for my quarterly tax payments. It usually works out fairly close to the 25-30% gross needed once the income, expenses and deductions are all tabulated.
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