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My Powerseller Guide To Making Money From eBay Wholesale Products

My Powerseller Guide To Making Money From eBay Wholesale Products

Published 4/5/08  (Modified 3/9/11)

By MoneyBlueBook

Anyone can make money online with eBay by selling products, but you have to be prepared to put in a lot of time and effort doing manual labor, packaging, and shipping goods. If you are willing to put your back into it, you can easily make quite a bit by buying the most popular consumer products from wholesellers and selling them on eBay. So many people claim to offer wholesale lists on eBay, but don't even bother with them. Their sources are useless and the majority will try to swindle you. It's a dangerous world out there so first, a few general rules of caution to abide by that will save you plenty of time, money, and headache. Unfortunately, many people disregard these rules every day, and lose thousands of dollars to scammers.

1) Never Buy Products From Anyone Who Wants To Be Paid By Western Union.

If someone asks for payment by Western Union, do not respond to them and avoid them immediately. Their low priced merchandise might be tempting, but it will almost always be a scam. Remember, it is your own responsibility to verify the reputation and legitimacy of the seller. Western Union is not responsible for the non-receipt or quality of any goods or services.

Common Western Union scams include, but are not limited to the following:

  • Seller asks you to pay by Western Union and tells you that the transaction will be safe because you can make the payment out to someone you know, but put the seller's address on the payment. You are
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    How To Cheaply Repair Auto Window Glass With Used Junkyard Parts

    Published 3/28/08  (Modified 3/9/11)

    By MoneyBlueBook

    A few years ago I had the misfortune of living in the ghetto inner city of Baltimore. I had no choice - that was where the geniuses at the state of Maryland chose to locate their state run graduate schools. Why they chose to place the school building in a dangerous area surrounded by homeless people and drug hangouts still baffles me. The city is saturated with a population comprised of drug addicts, violent thugs, and opportunistic car thieves.

    Along with two other roommates, I lived in a quaint row house near the law school in an area primarily occupied by students. Here, I thought my roommates and I would be safely shielded from the neighboring slums and criminal activity. I was wrong. Within the span of two years, a classmate friend of mine was robbed in person and a neighbor who lived across from our row house had her home burglarized (canned food was stolen, of all things). Furthermore, both of my roommates' street parked cars were broken into. My old red Toyota Corolla survived the criminal onslaught valiantly for while, but it too finally succumbed to the inevitable break in.

    I usually parked my car along the street where our row house was located. One day I came home from class only to discover that the small rear side window panel on the passenger end had been smashed to pieces. Auto glass shards were strewn across the back seat, but nothing was taken. Everyone in Baltimore City knows that you must never leave any personal

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    Internet Sales Tax: Are eBay Sellers Required to Pay Income Tax on Sales

    Published 3/27/08  (Modified 6/17/11)

    By MoneyBlueBook

    I used to sell products on eBay as a money making hobby and even once attempted to make a side business out of it. It wasn't easy trying to make profit while at the same time avoiding all the internet fraud and scams out there. While I eventually decided to pursue other ventures, I had a friend who continued to dabble in eBay auctions. Soon enough, he had successfully turned what started out as a one room operation to an impressive one man eBay business machine that engulfed his entire basement. Everytime I stopped by his house I was always startled at the sheer number of brand new Dell laptop and ThinkPad boxes stacked in piles throughout his basement that overflowed into his unoccupied garage.

    Through his closely guarded network of online connections (he never disclosed them to me), he was able to secure excellent wholesale deals on hot electronics like laptops, desktop computers, and handheld PDA's for sale on eBay. His racket continued for several years to my continued amazement as I wondered how he managed to stay so consistently profitable despite rising eBay fees and heavy online competition. One day I finally turned to him and asked him if he was reporting his eBay earnings as taxable income on his federal income tax. He simply smiled and changed the subject. Obviously, the answer was no, thus exposing the secret to his profitable eBay success - tax evasion!

    Frankly I don't really blame him for withholding his eBay profits from the

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    The Best Grocery Credit Cards To Save Money At The Supermarket

    Published 3/26/08  (Modified 11/24/13)

    By MoneyBlueBook

    Updated List Of The Best Supermarket and Grocery Credit Cards To Save Money On Groceries (And Offset Higher Food Prices)

    With rising gas energy prices and increased food demand from developing countries comes an unfortunate result - higher food prices. Common grocery staples like milk, eggs, and wheat products have seen a noticeable rise in prices lately. Higher prices at the supermarket is leading to an increase in grocery spending for many. Those with large families and children are finding their food budgets being stretched to the limit. However, there are alternative and supplemental ways to save money on groceries beyond the usual reliance on price comparison shopping and clipping grocery store coupons. There's nothing wrong with relying on coupons and price comparison, however, the regularity of those money saving deals are often unpredictable. They are not dependent on what you or your family need at the time, but rather on the supply and demand assessments of supermarket chains.

    Benefits Of Using Grocery Store Credit Card Rewards To Save Money On Supermarket Food Prices

    If you are a responsible credit user, have you considered the usage of dedicated grocery credit cards to save money at the supermarket? Most major credit card issuers have tagged grocery stores as a major promotional focus of their credit card reward programs. To encourage consumers to use grocery store credit cards, card issuers are offering a wide array of high cash back rewards and rebates for supermarket related purchases. In fact, along with gas stations and drug stores, grocery stores are often

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    Why I Think XM Sirius Satellite Radio Service Is A Waste Of Money

    Published 3/25/08  (Modified 3/9/11)

    By MoneyBlueBook

    When I bought my new 2004 Honda Accord a few years ago, I was pleasantly surprised to learn that it came with a free 3 month trial subscription to XM Satellite Radio. Back then, the premium service was considered quite a must-have premium car feature. At the time there was nothing quite like having more than a hundred radio stations at my listening disposal whenever I drove my car. The great benefit and advantage that satellite radio had over conventional radio was that no matter where you were in the country, so long as your receiver-equipped vehicle had an unobstructed view of the sky, you were ensured a guaranteed selection of listening stations at all times. Not only did I have access to the usual radio music choices, but I could also listen to a wide variety of talk radio and television news programs such as CNN and CNBC. One of the best technical features with on board satellite radio was also the ability to know the names of artists and songs currently being played. All of the song information was digitally displayed on the XM radio player dashboard. This function was great because it complimented my hobby of downloading MP3 music from the internet. Every time I heard a song I liked, I could look to see the name of the song and download it later when I got home.

    Cost and Lack Of Use Are The Reasons Why I Don' t Think Paid Satellite Radio Service Is Worth It

    Back when I had the complimentary

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    Tax deductions: What is your clothing donation valued at?

    Published 3/14/08  (Modified 6/17/11)

    By MoneyBlueBook

    When I was little I always wondered why my parents bothered to rummage through our closets, cabinets, shoe racks, and sock drawers for assorted clothing every few years. I would see my mom folding and stacking old and outdated clothes that I never wore anymore into black garbage bags and deliver them to the Salvation Army or Goodwill. It wasn't until I started working and earning income that I finally realized why it made sense to take the time to compile old apparel and send them to local charities. Other than the usual altruistic factors, the biggest reason is to take full advantage of the IRS itemized charitable tax deduction for qualified clothing donations.

    Not that we all shouldn't be donating to charities out of the kindness of our hearts, but Uncle Sam has provided us an attractive incentive in the form of tax breaks for charitable contributions. Most people are keenly aware that they get a tax deductible write off when they tithe or donate money to a charitable organization like their local church. But some seem to forget that the deduction also applies to noncash donations like clothing, shoes, and furniture, so long as they are in reasonably good condition. Of course, like with all good perks there are ground rules in place to prevent abusive taxpayers from going crazy and taking unfair liberty with the charitable deduction. Without these regulations, you would probably have people assigning all sorts of outrageous valuations on the items they donate ($25 for a used T-shirt complete

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