Holly SHIT! REally? That much? I didn't think it would be worth that much and to be honest what I was wanting to do is sell everything as a package deal eventually. The eCommerce accounts, my website, all the suppliers contacts....etc. But where did you see that an account of that magnitude would bring 50K?
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I know a guy in my niche who was running around buying up all the top eBay accounts. I would say about 50/50 got shutdown shortly after the sale vs stuck around but he was paying about 50K for accounts not even as large as yours. He wasn't even concerned about the feedback scores ie 55,000 or whatever so much as the listing limits.
My partner and I actually got offered 250K for our eBay and Paypal account. We had the lawyers involved and were hasing out a deal but the dealbreakers was he wanted to keep everything in our names and I didn't want someone else running a business that essentially I was on the hook for ie if he sells 100k worth of stuff and doesn't ship it eBay and Paypal are gonna be comming after me.
While technically your not allowed to sell an eBay account you can sell it as part of a business. They don't really give any specifics in terms of what that means but typically if you have are an LLC as opposed to an individual and if you have at the very least a domain and online shop you can pretty much get eBay on board with the fact that it's a business. If you have a brick and mortar its pretty easy but as long as you have an ecommerce shop off eBay you should be good to go
When you say half of them got shut down? What do you mean by that. Was he trying to corner the market somehow or was it because eBay saw the accounts all logging in from the same IP addresses or something?
That is weird the guy was wanting to keep everything in your guys' name. That sounds sketchy.
It sounds like you guys have been approached more about it but at one point I reached out to different Meetup groups in different cities that were business / Amazon / eBay meetup groups to sell my business. I didn't really get any traction which I was sort of surprised about in some ways but wasn't surprised in other ways. I have also followed listings before for resell businesses that were for sale on eBay and it seemed like they didn't sell but who knows if the deal ended up getting done.
It makes a ton of sense for someone to buy some of these businesses but I think the common thing is that it takes so much work usually to keep it going and all that they just think that building the business from the ground up would be the same.
It just simply isn't the case, you could have supply channels, already proven products and listings, long standing accounts with rock solid feedback which is huge.
I was going to ask you if you have ever worked with an Amazon Ghost account? So many of the categories seem gated at this point it is ridiculous on there and in a way I kind of messed up on there. At one point I wasn't selling as much on there so I stopped paying the monthly fee for several months. Then when I got back on. I was gated.
Hey buddy, yeah as far as shutdown once an eBay account is sold, the buyer of the account is most likely going to want to change the account info to their name and link their own Paypal account.
Now because of this I'm quite surprised 100% of purchased accounts are not shutdown as it would be pretty easy for eBay to tell that account name, address, linked Paypal accounts were all changed which if there's no selling accounts there's really 0 reason for anyone to do this with the exception of a move or I guess maybe a women getting married and changing her last name to her husbands but basically there's no reason to change account info unless you sell so I'm surprsied eBay doesn't crack down on this more than they do.
Yeah this guy I was talking about was paying 50k plus per account, some lasted a while some got shut down within a couple weeks after him purchasing them.
We were in a pretty unique niche without getting into specifics there were probably less than a dozen serious sellers and probably like 3-6 of us really dominating the category. There was somewhat of a barrier to entry in that it wasn't something just anyone could hop on Ali Express and buy so I think this guy knew if he was able to buy up all the accounts he would pretty much run the show and it was pretty unlikely he would face any new competition as everyone who's accounts he bought he made them sign a non-compete.
I think he wound up getting most of his money back despite his plan not really playing out as well as I imagine he thought it would. That said had it worked out he would have been doing millions if not tens of million ins sales per week and would have had all of it to himself.
I've never really done any ghost or stealth accounts for Amazon. I know some people make good money doing that but personally I'm not great with VPN's and proxies and all that jazz and it seems like way too much work to have to setup different addresses, different credit cards and banks, different IP address, different user account on computer etc all just for some eBay or Amazon sales and at some point with eBay for sure once you hit 20k in sales they are going to want more info at which pointyou've blown up that account and have to go through that whole stealth rigamarol all over again and build up a new account.
I guess to me I want to build up a longstanding business so the idea of going stealth and basically building a castle on sand which will eventually collapse just doesn't appeal to me.
There may be better ways of doing it where you can have some long term possibility by setting up LLC's and stuff as opposed to having personal accounts but just not something I've delved into alot