Tax Talk and eBay Drop Shipping again with Baby Obama AGAIN
Published on: December 3 2022 by Marc Augustine
Tax Talk and eBay Drop Shipping again with Baby Obama AGAIN
Table of Contents
Tax Talk and eBay Drop Shipping again with Baby Obama AGAIN
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00:00:00 | 00:00:06 | I'm good cool alright what's up guys |
00:00:04 | 00:00:10 | this is mark and then maybe Obama yet |
00:00:06 | 00:00:14 | again so um so Ben just let you know so |
00:00:10 | 00:00:17 | I just um I did a video explaining the |
00:00:14 | 00:00:20 | tax situation another one so I'm |
00:00:17 | 00:00:23 | uploading that right now because someone |
00:00:20 | 00:00:26 | sent me a email yesterday telling me |
00:00:23 | 00:00:28 | something like Mark be careful a tax |
00:00:26 | 00:00:30 | exempt I don't want you to get arrested |
00:00:28 | 00:00:32 | that's for nonprofits and I was like |
00:00:30 | 00:00:35 | dude I'm not applying for tax-exempt |
00:00:32 | 00:00:38 | with the IRS is with [ __ ] Walmart so |
00:00:35 | 00:00:40 | still after that I realized that he had |
00:00:38 | 00:00:43 | no clue what the [ __ ] was going on and |
00:00:40 | 00:00:44 | then I just did a video with Andrew |
00:00:43 | 00:00:49 | because Andrew went through the process |
00:00:44 | 00:00:52 | and got the tax exempt stuff and the |
00:00:49 | 00:00:55 | crazy thing is um what's his name Matt |
00:00:52 | 00:00:58 | whose job shipping on Amazon he's had |
00:00:55 | 00:01:02 | that a long time my lazy ashes never |
00:00:58 | 00:01:04 | like has to get text exam so I just like |
00:01:02 | 00:01:07 | there I'm going to charge the you know I |
00:01:04 | 00:01:10 | mean but now that we have this issue I |
00:01:07 | 00:01:12 | just went and started process by anyway |
00:01:10 | 00:01:16 | go ahead so what what's the situation |
00:01:12 | 00:01:19 | you tok what should you you're breaking |
00:01:16 | 00:01:22 | over hello |
00:01:19 | 00:01:25 | you hear me yeah I can hear me yeah are |
00:01:22 | 00:01:27 | you perfect alright cool so what is that |
00:01:25 | 00:01:29 | no see yeah so what you deal what what |
00:01:27 | 00:01:33 | what's going on |
00:01:29 | 00:01:35 | well the screenshot I sent you - well |
00:01:33 | 00:01:37 | it's over that with it with you and with |
00:01:35 | 00:01:40 | everybody else they can see what |
00:01:37 | 00:01:42 | happened all right so let me you just |
00:01:40 | 00:01:46 | sent it I didn't see a screenshot I |
00:01:42 | 00:01:46 | tended to you on Facebook Oh |
00:01:49 | 00:01:56 | so while I get this screen shot you can |
00:01:52 | 00:01:59 | just kind of explain I guess um so what |
00:01:56 | 00:02:00 | happened is pretty much I wanted to do |
00:01:59 | 00:02:02 | this with mark because we're going to |
00:02:00 | 00:02:07 | tok about tactikally area to cover that |
00:02:02 | 00:02:12 | but what I did is it was about the 1516 |
00:02:07 | 00:02:14 | what I changed to a non-taxed account |
00:02:12 | 00:02:16 | where I change all my products the way |
00:02:14 | 00:02:20 | there's no taxes and raise the prices |
00:02:16 | 00:02:21 | and everything but you'll see in the |
00:02:20 | 00:02:24 | screenshot the marks are going to point |
00:02:21 | 00:02:27 | out a pull up you see the difference |
00:02:24 | 00:02:29 | in between now and then um which is |
00:02:27 | 00:02:31 | significant but I want to explain why |
00:02:29 | 00:02:34 | the screen shot is up so people |
00:02:31 | 00:02:36 | understand idea I'm China this has given |
00:02:34 | 00:02:39 | me I don't know why could you set me to |
00:02:36 | 00:02:40 | screen the screen shot on skype because |
00:02:39 | 00:02:45 | Facebook is giving me a hard time |
00:02:40 | 00:02:47 | yeah although I'm sucking I can drive I |
00:02:45 | 00:02:51 | think you have it from Facebook that is |
00:02:47 | 00:02:51 | on the other computer so let me grab it |
00:02:52 | 00:03:00 | dude I switch them I switched her like I |
00:02:56 | 00:03:02 | got a MacBook an iPhone and I don't like |
00:03:00 | 00:03:04 | that before the phone I had before I |
00:03:02 | 00:03:06 | didn't have a phone with two years right |
00:03:04 | 00:03:08 | and I'm and my laptop I use the same |
00:03:06 | 00:03:13 | laptop for like four years like I'm a |
00:03:08 | 00:03:15 | shameless but like it's a long story why |
00:03:13 | 00:03:19 | I got them because now that we edit in a |
00:03:15 | 00:03:22 | lot of videos I needed like I'm the PC |
00:03:19 | 00:03:24 | just wasn't working out but now I see |
00:03:22 | 00:03:29 | why people pay for these things because |
00:03:24 | 00:03:29 | you should just work like they just work |
00:03:30 | 00:03:35 | the iPhone and the arm and the not so |
00:03:34 | 00:03:38 | much I have fun because either you give |
00:03:35 | 00:03:41 | a [ __ ] about phones but they are the |
00:03:38 | 00:03:43 | MacBook right like it just someone works |
00:03:41 | 00:03:48 | like it doesn't slow down it doesn't |
00:03:43 | 00:03:51 | like yeah I mean yeah I don't I don't |
00:03:48 | 00:03:55 | know I have a I mean this one that I'm |
00:03:51 | 00:03:58 | on is a Chromebook so it's not the best |
00:03:55 | 00:03:59 | thing but it works you gotta me yeah |
00:03:58 | 00:04:01 | just |
00:03:59 | 00:04:03 | really that's the only thing I use it |
00:04:01 | 00:04:05 | for like lives |
00:04:03 | 00:04:07 | I mean streaming like Hulu and stuff |
00:04:05 | 00:04:10 | like that Australis yeah for something |
00:04:07 | 00:04:12 | like that but I'd like I guess I now |
00:04:10 | 00:04:15 | that we edit in a lot of videos I might |
00:04:12 | 00:04:18 | doing marketing for for a couple people |
00:04:15 | 00:04:22 | down oh it's just my capital is amazing |
00:04:18 | 00:04:24 | weather where's the chat think so I can |
00:04:22 | 00:04:27 | send this to you unseen on me a |
00:04:24 | 00:04:33 | different um Chrome I'm kidding me are |
00:04:27 | 00:04:35 | you only are you on these oh let's do |
00:04:33 | 00:04:37 | this let's restart the video Murray in |
00:04:35 | 00:04:41 | fact you hang up and send me the [ __ ] |
00:04:37 | 00:04:41 | and call back right yeah |
00:04:55 | 00:05:00 | all this [ __ ] is going to show up on on |
00:04:59 | 00:05:13 | YouTube |
00:05:00 | 00:05:16 | I think that's funny yeah hello yeah you |
00:05:13 | 00:05:18 | have him make sure you delete the other |
00:05:16 | 00:05:24 | one so you don't put it the wrong one |
00:05:18 | 00:05:25 | which one so this is ia alright so I |
00:05:24 | 00:05:32 | just opened me I just opened it yeah go |
00:05:25 | 00:05:35 | ahead okay cool right so this is so let |
00:05:32 | 00:05:39 | me just explain what I see so I see |
00:05:35 | 00:05:42 | 53,000 31 is that's that's when you are |
00:05:39 | 00:05:46 | charging taxes and now that you're not |
00:05:42 | 00:05:49 | charging taxes you only saw 20,000 right |
00:05:46 | 00:05:51 | so it sales went down by 60% so what is |
00:05:49 | 00:05:55 | the why is that dropped because you have |
00:05:51 | 00:05:57 | to raise the prices so explain I was up |
00:05:55 | 00:06:01 | for a while and then so guys as you can |
00:05:57 | 00:06:03 | see he told 53,000 before I now he's |
00:06:01 | 00:06:05 | down to 20,000 but yeah yeah then |
00:06:03 | 00:06:08 | explain what's the deal and what what's |
00:06:05 | 00:06:10 | your thought well the reason it happened |
00:06:08 | 00:06:12 | I think is all right let me explain when |
00:06:10 | 00:06:14 | we first found out about this obviously |
00:06:12 | 00:06:18 | everybody's kind of like flustered and |
00:06:14 | 00:06:21 | freaking out or whatever and for me near |
00:06:18 | 00:06:24 | me oh gosh yeah yeah yeah you're pros on |
00:06:21 | 00:06:26 | your side side note you hear me well |
00:06:24 | 00:06:27 | everybody was kind of flustered and |
00:06:26 | 00:06:29 | whatnot so I was trying to figure out |
00:06:27 | 00:06:31 | the best way to do this you know doing |
00:06:29 | 00:06:32 | my research and everything else I just |
00:06:31 | 00:06:35 | couldn't find a way around it so I went |
00:06:32 | 00:06:37 | ahead and changed everything but at the |
00:06:35 | 00:06:40 | same time when I changed everything |
00:06:37 | 00:06:43 | I wasn't thinking like I was just doing |
00:06:40 | 00:06:47 | my whole regimen of how I handled things |
00:06:43 | 00:06:49 | and I did a huge prune on myself so I |
00:06:47 | 00:06:56 | got rid of like 200 items she's |
00:06:49 | 00:06:58 | described like 150 items so the way that |
00:06:56 | 00:07:01 | I look at it now is I started with about |
00:06:58 | 00:07:04 | 350 at that point around there that and |
00:07:01 | 00:07:07 | I went down to like 150 right now I'm at |
00:07:04 | 00:07:09 | like 240 or so right |
00:07:07 | 00:07:12 | but what happened is after all that |
00:07:09 | 00:07:14 | happened I did that prove and then I |
00:07:12 | 00:07:15 | have just a ton of stuff just come up |
00:07:14 | 00:07:17 | like I told you I'm moving and |
00:07:15 | 00:07:19 | everything else so I've been just busy |
00:07:17 | 00:07:20 | doing that not worrying like really |
00:07:19 | 00:07:24 | about the business per se and rice |
00:07:20 | 00:07:26 | motors and then the past week I realized |
00:07:24 | 00:07:28 | I was just looking to my account like I |
00:07:26 | 00:07:34 | only have a hundred City products no |
00:07:28 | 00:07:36 | otherwise I'm not making it about any |
00:07:34 | 00:07:38 | products of my sales a bumper back up |
00:07:36 | 00:07:40 | now okay okay |
00:07:38 | 00:07:42 | even why I want to tell people this is |
00:07:40 | 00:07:45 | because in reality if you look at it |
00:07:42 | 00:07:47 | alright so let's add 150 items but I |
00:07:45 | 00:07:50 | still sold about 1,700 worth of product |
00:07:47 | 00:07:54 | I mean profit so that means that |
00:07:50 | 00:07:56 | tiknically if you put it in the map of |
00:07:54 | 00:07:58 | that situation it's like I would need |
00:07:56 | 00:08:00 | five hundred products to make five |
00:07:58 | 00:08:03 | thousand dollars again per month right |
00:08:00 | 00:08:04 | so I want people to understand that it's |
00:08:03 | 00:08:06 | still not that many products that you |
00:08:04 | 00:08:10 | need you just got to sit down and do it |
00:08:06 | 00:08:12 | and and I wanted and I told Esther to |
00:08:10 | 00:08:17 | Andrew as well I want to thank you for |
00:08:12 | 00:08:18 | [ __ ] sharing this right because I say |
00:08:17 | 00:08:21 | the same things over and over and over |
00:08:18 | 00:08:22 | and I think people think I just have |
00:08:21 | 00:08:27 | nothing to do with my time and I'm just |
00:08:22 | 00:08:29 | making videos of you every day so like I |
00:08:27 | 00:08:31 | just before you continue I just want to |
00:08:29 | 00:08:35 | thank you for Shanna [ __ ] so so okay so |
00:08:31 | 00:08:37 | you got rid of 200 items and when did |
00:08:35 | 00:08:41 | you raise the price on your items |
00:08:37 | 00:08:43 | yeah I raise them by 7.5 and some of |
00:08:41 | 00:08:47 | them are still selling yeah yes I'm |
00:08:43 | 00:08:49 | we're still selling because um I made a |
00:08:47 | 00:08:52 | few changes like I told you I changed my |
00:08:49 | 00:08:54 | name where it's a note like no tax or |
00:08:52 | 00:08:59 | whatever you know I'm tagging they're |
00:08:54 | 00:09:02 | true than the whole neighbor lose a |
00:08:59 | 00:09:04 | changed it and I guess people know this |
00:09:02 | 00:09:08 | I don't know you know not added it also |
00:09:04 | 00:09:10 | into my description as well okay okay um |
00:09:08 | 00:09:14 | there seems to be work and I mean the |
00:09:10 | 00:09:17 | one thing that that I'm doing now is |
00:09:14 | 00:09:21 | pretty much if I find an item and it's |
00:09:17 | 00:09:21 | you know sold for you know at like $80 |
00:09:21 | 00:09:24 | or what |
00:09:21 | 00:09:27 | evermore I don't really look at the ones |
00:09:24 | 00:09:29 | that if it's like a seller that doesn't |
00:09:27 | 00:09:31 | have tax and I notiked they're not |
00:09:29 | 00:09:33 | saying there's no tax or whatever like |
00:09:31 | 00:09:37 | that then I'll still lit the you know |
00:09:33 | 00:09:38 | the item I read today people like for |
00:09:37 | 00:09:41 | example North Carolina you know they're |
00:09:38 | 00:09:42 | hella tight' yeah well they see it in |
00:09:41 | 00:09:44 | let's say it's like two hundred dollar |
00:09:42 | 00:09:46 | product even if it's up like twenty |
00:09:44 | 00:09:48 | dollars more and they're likely to buy |
00:09:46 | 00:09:53 | it from you yeah because it's no attack |
00:09:48 | 00:09:55 | yeah yeah easy so that's pretty much all |
00:09:53 | 00:10:01 | I've been doing um but do you use |
00:09:55 | 00:10:03 | Walmart as a supplier I maybe like 20% |
00:10:01 | 00:10:06 | of them maybe but why so why wouldn't |
00:10:03 | 00:10:08 | you do like you saw like we'd get in tax |
00:10:06 | 00:10:11 | exempt from Walmart so we are not seeing |
00:10:08 | 00:10:12 | taxes and all the other states so that |
00:10:11 | 00:10:15 | might be something you want to look at |
00:10:12 | 00:10:16 | because I know Amazon has the same thing |
00:10:15 | 00:10:20 | I just didn't go through Amazon process |
00:10:16 | 00:10:21 | yet yeah so I I don't know how I'm going |
00:10:20 | 00:10:25 | to use Amazon but it will be interesting |
00:10:21 | 00:10:26 | if you look at I am guessing all the big |
00:10:25 | 00:10:29 | retailers have it because one one and |
00:10:26 | 00:10:30 | Amazon have it if whatever supplies you |
00:10:29 | 00:10:34 | use if they have it that would be sweet |
00:10:30 | 00:10:35 | also right you have to have like a LLC |
00:10:34 | 00:10:38 | or anything like that |
00:10:35 | 00:10:42 | okay so on one of my deciding on one |
00:10:38 | 00:10:45 | much application first of all you need a |
00:10:42 | 00:10:46 | business license right what a lot of |
00:10:45 | 00:10:48 | people don't realize is that you don't |
00:10:46 | 00:10:55 | need a corporation to have the business |
00:10:48 | 00:10:58 | license you see them saying so I don't |
00:10:55 | 00:11:00 | think you need a business I don't think |
00:10:58 | 00:11:02 | you need a corporation because none of |
00:11:00 | 00:11:04 | the documents say you need one because |
00:11:02 | 00:11:08 | you could get a business license as a |
00:11:04 | 00:11:11 | sole proprietor right what is that |
00:11:08 | 00:11:13 | though um well I got the business |
00:11:11 | 00:11:16 | license I mean micro pressures in |
00:11:13 | 00:11:20 | Florida so my process it's all online |
00:11:16 | 00:11:24 | and it was free right um where you |
00:11:20 | 00:11:26 | California yes Andrew said he he paid |
00:11:24 | 00:11:32 | 150 for his in California of course the |
00:11:26 | 00:11:38 | cost of the law so I said but yeah |
00:11:32 | 00:11:41 | Alfie Albert Andrew Suarez sua re s have |
00:11:38 | 00:11:44 | a man I just asked I called him also |
00:11:41 | 00:11:45 | all right call made madness moon dr and |
00:11:44 | 00:11:48 | when i upload the video there's gonna be |
00:11:45 | 00:11:51 | a link to the CM wal-mart application |
00:11:48 | 00:11:53 | and lee they form that he got from the |
00:11:51 | 00:11:55 | IRS he sent me that stuff so i'll put |
00:11:53 | 00:11:58 | that on a link also on the video also so |
00:11:55 | 00:12:00 | you can see there so that makes you tax |
00:11:58 | 00:12:02 | exempt in oh yeah this oh you're not |
00:12:00 | 00:12:05 | [ __ ] p so when you shipping [ __ ] out |
00:12:02 | 00:12:07 | you not paying taxes right so you don't |
00:12:05 | 00:12:09 | have to charge axes and what's so [ __ ] |
00:12:07 | 00:12:11 | is I shall allow these [ __ ] |
00:12:09 | 00:12:13 | with drop shipping on ebay had it only |
00:12:11 | 00:12:17 | time I making more profit in my dumb ass |
00:12:13 | 00:12:17 | who isn't good |
00:12:18 | 00:12:24 | yeah that's why why I notiked like even |
00:12:22 | 00:12:27 | though there are some that they like one |
00:12:24 | 00:12:30 | of the sellers I was searching yesterday |
00:12:27 | 00:12:32 | and I used the Shopify inside the same |
00:12:30 | 00:12:35 | which is awesome a load I think yeah |
00:12:32 | 00:12:38 | right so much easier you just literally |
00:12:35 | 00:12:44 | I just hit one person if I fit because |
00:12:38 | 00:12:46 | I'm Luke I was like with no text on top |
00:12:44 | 00:12:47 | of everything I'm doing but one thing |
00:12:46 | 00:12:49 | that you all I don't think you know is |
00:12:47 | 00:12:52 | that we're almost finishing Amazon |
00:12:49 | 00:12:54 | software and everyone who has the SUV |
00:12:52 | 00:12:56 | gets it for free so yeah I remember you |
00:12:54 | 00:12:59 | said ask me I'm excited for you to try - |
00:12:56 | 00:13:02 | it out it is I thought my job synonyms |
00:12:59 | 00:13:05 | oh no no I know but you could use it to |
00:13:02 | 00:13:08 | compete with other FBA guys right |
00:13:05 | 00:13:10 | because like the it was all it is |
00:13:08 | 00:13:11 | everything is the [ __ ] shop is |
00:13:10 | 00:13:14 | pricing is crazy |
00:13:11 | 00:13:16 | this [ __ ] is written and because Amazon |
00:13:14 | 00:13:20 | is so much we ran it with a seller with |
00:13:16 | 00:13:23 | 10,000 listened to and I put all this |
00:13:20 | 00:13:26 | [ __ ] data or Amazon it organized it |
00:13:23 | 00:13:28 | and we get audit by by [ __ ] arm the |
00:13:26 | 00:13:32 | seller rank and it's pretty disgusting |
00:13:28 | 00:13:34 | and we have a UPC search so it's finding |
00:13:32 | 00:13:36 | the suppliers immediately like it's |
00:13:34 | 00:13:40 | really disgusting |
00:13:36 | 00:13:42 | yeah but crazy yeah I do it I may not do |
00:13:40 | 00:13:44 | it but like you said you know it's one |
00:13:42 | 00:13:46 | of the things it's not you know |
00:13:44 | 00:13:48 | want you to do it but people do it |
00:13:46 | 00:13:51 | anyway right right exactly |
00:13:48 | 00:13:54 | I'm gonna be doing FBA yeah you don't |
00:13:51 | 00:13:56 | want to jeopardize I don't I do not want |
00:13:54 | 00:13:59 | to jeopardize issues I want to learn |
00:13:56 | 00:14:02 | when you start FBA I want to learn that |
00:13:59 | 00:14:04 | [ __ ] like I mean I know it's not rocket |
00:14:02 | 00:14:05 | science right like I'm sure that's the |
00:14:04 | 00:14:08 | same [ __ ] |
00:14:05 | 00:14:10 | well I'll keep you posted what I was |
00:14:08 | 00:14:12 | planning to do is I was going to tok to |
00:14:10 | 00:14:14 | my friend because I was going to tok to |
00:14:12 | 00:14:16 | you too because I know it's pretty much |
00:14:14 | 00:14:18 | ecommerce you know what I mean |
00:14:16 | 00:14:20 | but the thing is is that if people take |
00:14:18 | 00:14:22 | half their profits every single month |
00:14:20 | 00:14:25 | and they couldn't into just buying lots |
00:14:22 | 00:14:27 | and put it on Amazon actually pull away |
00:14:25 | 00:14:29 | from me Bing just literally just buy |
00:14:27 | 00:14:31 | lots that's what I play my right well |
00:14:29 | 00:14:32 | let's do this when you're doing it let |
00:14:31 | 00:14:34 | me know I'll send your money every |
00:14:32 | 00:14:36 | [ __ ] month if you need somewhere to |
00:14:34 | 00:14:39 | if you want to pay for warehouse of |
00:14:36 | 00:14:42 | space or something I will split the cost |
00:14:39 | 00:14:44 | and we could document the process I'm |
00:14:42 | 00:14:47 | not going to tell you what the [ __ ] we |
00:14:44 | 00:14:50 | selling but we got document the process |
00:14:47 | 00:14:53 | yes so people could see like like hey |
00:14:50 | 00:14:55 | like this is what this is an option |
00:14:53 | 00:14:57 | right well we don't need to we don't |
00:14:55 | 00:14:59 | need a warehouse or anything because |
00:14:57 | 00:15:01 | what happens is I have friends I have |
00:14:59 | 00:15:03 | two friends that are actually multi |
00:15:01 | 00:15:06 | millionaires on the Amazon but they both |
00:15:03 | 00:15:08 | sell Lots so all I'm doing is I'm just |
00:15:06 | 00:15:11 | purchasing Lots directly from them |
00:15:08 | 00:15:13 | they're loading it to my Amazon from the |
00:15:11 | 00:15:17 | price and everything else so all I |
00:15:13 | 00:15:20 | really need to do is manage the messages |
00:15:17 | 00:15:26 | when we get off this call let me know |
00:15:20 | 00:15:28 | how much money you need and you can do |
00:15:26 | 00:15:30 | it so I mean that thing is what I wanted |
00:15:28 | 00:15:34 | to do is I wanted to tok to them and |
00:15:30 | 00:15:37 | see if I could get like a 10% 20% you |
00:15:34 | 00:15:39 | know off of whatever if I helped them to |
00:15:37 | 00:15:41 | build their business right I don't know |
00:15:39 | 00:15:43 | a lot of people that do e-commerce but |
00:15:41 | 00:15:46 | it's really about me I'm starting with |
00:15:43 | 00:15:48 | $5,000 here in a couple weeks I'm gonna |
00:15:46 | 00:15:49 | buy twenty five hundred for more than |
00:15:48 | 00:15:53 | twenty five and what is stopping you |
00:15:49 | 00:15:55 | from comments in Nicaragua oh I know |
00:15:53 | 00:15:56 | okay guys I'm gonna stop this club |
00:15:55 | 00:15:57 | because I've been recording all this |
00:15:56 | 00:15:59 | [ __ ] and we have |
00:15:57 | 00:16:01 | first let's just tok about love you |
00:15:59 | 00:16:03 | subscribe get the 5 that I'm trying at |
00:16:01 | 00:16:05 | the 5000 looking description 33 [ __ ] I |
00:16:03 | 00:16:07 | need to finish this conversation with |
00:16:05 | 00:16:07 | man later |