Topic: Invest in a profitable and established eBay store (Read 2700 times)
Do you plan on buying back shares at some point? Lets say I invested some btc into this but one day I need to cash out - would you buy back shares?
This is how shares will be distributed:
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Maybe I'm missing something, but isn't declaring a dividend before you've even sold anything counter-intuitive? If a share of profit is returned to investors through dividends, you have to have a profit first. Paying out dividends with the funds people give you for the business just for the sake of declaring a dividend and paying something out sounds too much like a ponzi. If dividends were based on a share of profits and were a return on investment, you would declare them every two weeks based on the profit of what you sold in the previous two week period.
I apologize for not making that clear but I sold about 100 USD worth of wargaming terrain in a private party sale. I was going to put it on eBay but I got more than I would've from putting it on eBay.
I see. Did you make that profit though with funds from bitcoin investment (selling shares)? Otherwise, it would seem the shareholders aren't entitled to any profit that came before they invested, so why would you pay it out?
It was still apart of the initial stock I was intending to sell. Shareholders are entitled to everything I manage to still up until the 31st when I pay out the dividend. The whole point of this is to help jumpstart the capital I need to continue purchasing products to sell for a profit. I hope that clears up any confusion.
It does. Good luck with your endeavor. There's been a lot of scams on these boards and you can't be too careful. I hope the btc investment helps you unlock some potential, but most of all, I hope you're an honest guy for the sake of your investors.
This is how shares will be distributed:
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Maybe I'm missing something, but isn't declaring a dividend before you've even sold anything counter-intuitive? If a share of profit is returned to investors through dividends, you have to have a profit first. Paying out dividends with the funds people give you for the business just for the sake of declaring a dividend and paying something out sounds too much like a ponzi. If dividends were based on a share of profits and were a return on investment, you would declare them every two weeks based on the profit of what you sold in the previous two week period.
I apologize for not making that clear but I sold about 100 USD worth of wargaming terrain in a private party sale. I was going to put it on eBay but I got more than I would've from putting it on eBay.
I see. Did you make that profit though with funds from bitcoin investment (selling shares)? Otherwise, it would seem the shareholders aren't entitled to any profit that came before they invested, so why would you pay it out?
It was still apart of the initial stock I was intending to sell. Shareholders are entitled to everything I manage to still up until the 31st when I pay out the dividend. The whole point of this is to help jumpstart the capital I need to continue purchasing products to sell for a profit. I hope that clears up any confusion.
This is how shares will be distributed:
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Maybe I'm missing something, but isn't declaring a dividend before you've even sold anything counter-intuitive? If a share of profit is returned to investors through dividends, you have to have a profit first. Paying out dividends with the funds people give you for the business just for the sake of declaring a dividend and paying something out sounds too much like a ponzi. If dividends were based on a share of profits and were a return on investment, you would declare them every two weeks based on the profit of what you sold in the previous two week period.
I apologize for not making that clear but I sold about 100 USD worth of wargaming terrain in a private party sale. I was going to put it on eBay but I got more than I would've from putting it on eBay.
I see. Did you make that profit though with funds from bitcoin investment (selling shares)? Otherwise, it would seem the shareholders aren't entitled to any profit that came before they invested, so why would you pay it out?
This is how shares will be distributed:
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Maybe I'm missing something, but isn't declaring a dividend before you've even sold anything counter-intuitive? If a share of profit is returned to investors through dividends, you have to have a profit first. Paying out dividends with the funds people give you for the business just for the sake of declaring a dividend and paying something out sounds too much like a ponzi. If dividends were based on a share of profits and were a return on investment, you would declare them every two weeks based on the profit of what you sold in the previous two week period.
I apologize for not making that clear but I sold about 100 USD worth of wargaming terrain in a private party sale. I was going to put it on eBay but I got more than I would've from putting it on eBay.
This is how shares will be distributed:
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Total Shares: 25,000
25,000 Shares at 0.001 BTC
Dividends: Paid bi-weekly.
70% to shareholders
20% for management
10% reselling fees
BTC Address:1H8xrQFKWdjJsrH7vgtri4w6RRpk3q7hDE
First Dividend: October 31st
Dividend Amount: (Tentative on price from USD to BTC) 0.209205024 BTC
Maybe I'm missing something, but isn't declaring a dividend before you've even sold anything counter-intuitive? If a share of profit is returned to investors through dividends, you have to have a profit first. Paying out dividends with the funds people give you for the business just for the sake of declaring a dividend and paying something out sounds too much like a ponzi. If dividends were based on a share of profits and were a return on investment, you would declare them every two weeks based on the profit of what you sold in the previous two week period.
I've been putting a lot of thought into this... there's just sooooooooo many scams in the crypto world. Even legitimate businesses are having their owners take off with investor funds. So the question is... how do we know you won't run?
Honestly, I'm not sure how I can prove that. What do you suggest?
I've been putting a lot of thought into this... there's just sooooooooo many scams in the crypto world. Even legitimate businesses are having their owners take off with investor funds. So the question is... how do we know you won't run?
Same here. I mean, I really like the idea and see potential but it looks like you came here totally unprepared. Normally its the other way around - first you take care of website, descriptions, prepare a nice summary of what you have achieved and THEN come to ask for money. As I said, I really like the idea so I'm not saying no, will keep an eye on this topic and see how things work out.
First, I do appreciate the feedback, this is as much a work in progress as anything else. To touch on your other points, I'm not sure what a website would do to running a successful eBay store. I suppose it couldn't hurt but it feels like an unnecessary use of time and money, I am looking into improving the descriptions of my listings but that won't come into play for another week since I'm working on a template that fits all my listings. If you think my OP needs to be clarified, I'll be happy to do that.
I did not read through every post because, frankly, I do not want to figure out some one else's business strategies --
but on the surface -- since the OP seems to think that they know how to make purchases and then sell and then profit ---
it would seem like a loan (read: BTCJam) would be more appropriate than shares for a shell of a business.
either way, good luck with your endeavors.
but on the surface -- since the OP seems to think that they know how to make purchases and then sell and then profit ---
it would seem like a loan (read: BTCJam) would be more appropriate than shares for a shell of a business.
either way, good luck with your endeavors.
Not interested in pulling a loan from BTCJam.
I did not read through every post because, frankly, I do not want to figure out some one else's business strategies --
but on the surface -- since the OP seems to think that they know how to make purchases and then sell and then profit ---
it would seem like a loan (read: BTCJam) would be more appropriate than shares for a shell of a business.
either way, good luck with your endeavors.
but on the surface -- since the OP seems to think that they know how to make purchases and then sell and then profit ---
it would seem like a loan (read: BTCJam) would be more appropriate than shares for a shell of a business.
either way, good luck with your endeavors.
I've been putting a lot of thought into this... there's just sooooooooo many scams in the crypto world. Even legitimate businesses are having their owners take off with investor funds. So the question is... how do we know you won't run?
Same here. I mean, I really like the idea and see potential but it looks like you came here totally unprepared. Normally its the other way around - first you take care of website, descriptions, prepare a nice summary of what you have achieved and THEN come to ask for money. As I said, I really like the idea so I'm not saying no, will keep an eye on this topic and see how things work out.
Yeah, it feels like an episode of Shark Tank. lol
I've been putting a lot of thought into this... there's just sooooooooo many scams in the crypto world. Even legitimate businesses are having their owners take off with investor funds. So the question is... how do we know you won't run?
Same here. I mean, I really like the idea and see potential but it looks like you came here totally unprepared. Normally its the other way around - first you take care of website, descriptions, prepare a nice summary of what you have achieved and THEN come to ask for money. As I said, I really like the idea so I'm not saying no, will keep an eye on this topic and see how things work out.
I've been putting a lot of thought into this... there's just sooooooooo many scams in the crypto world. Even legitimate businesses are having their owners take off with investor funds. So the question is... how do we know you won't run?
This sounds like a good project, however are you planning to list this on any of the exchanges available or will these shares be non-exchange traded? Thanks.
If there's a demand I may list it on an exchange, do you recommend any? As I understand it many of the exchanges are seen in pretty poor light. As of the moment they are non-exchange but I will facilitate trades between people.
At this time, I won't recommend any exchange, each of them has their advantages and disadvantages and I understand why you would be hesitant. However, I believe if you present your project and business plan comprehensively and transparently in your listing and it would be a very good idea to create a website, then it will be easier to raise the capital that you need. Although, you point out that there are problems with the various asset exchanges, I just believe that people would be more likely to purchase shares there because they can trade them in a secondary market where you can view the orderbook, price history and other important data.
Items posted.
Do you plan on making product description more "vivid" than one liners? How do you plan on paying first dividend with no items listed?
I'll look into making my descriptions are little more detailed. I'm listing 25+ items tonight. I've spent the better part of the weekend organizing my current inventory of stuff. I typically try to list items on Sundays for maximum exposure. I'll update the post when I'm done listing items.
This sounds like a good project, however are you planning to list this on any of the exchanges available or will these shares be non-exchange traded? Thanks.
If there's a demand I may list it on an exchange, do you recommend any? As I understand it many of the exchanges are seen in pretty poor light. As of the moment they are non-exchange but I will facilitate trades between people.
This sounds like a good project, however are you planning to list this on any of the exchanges available or will these shares be non-exchange traded? Thanks.
Do you plan on making product description more "vivid" than one liners? How do you plan on paying first dividend with no items listed?
My biggest issue at the moment is purchasing power. I know what to buy, I can make reasonable profit off what I want to buy. The problem I keep bumping into is the ability to purchase it. I've been organizing my stock so there's going to be a big push of things to sell this weekend. I appreciate your comment and I hope you see over the next couple weeks that this could be a profitable endeavor. I do recommend that you push fiat into BTC now but you're absolutely correct that the math skews negatively if BTC rises. Take it with a grain of salt. Thanks for your comment and interest.
Tagging the thread to follow it. It's a great idea in concept but based on your past you're talking about $1.2k over a year. At the current math (if you followed the same path):
25 BTC total shares
70% profit being shared
This means 35.714 BTC would need to be brought in profit-wise to give a 100% ROI.
Calculator shows this to be $12,730 USD in profit
Basically, you'd have to do your entire turnover of the past 12 months (at the same 50%+ profit margin) more than once per month in order to ROI in a year. And that assumes BTC stays the same price it is now. If it goes up, BTC proceeds will be even lower over time. With that said, if I got involved with this I would do so by taking fiat and converting it to BTC *now*, such that the price of BTC would no longer be a concern since it'd basically be a fiat->fiat investment.
I'll think about it, but it's rough with the math that's been shown. And there's risk involved as well.
25 BTC total shares
70% profit being shared
This means 35.714 BTC would need to be brought in profit-wise to give a 100% ROI.
Calculator shows this to be $12,730 USD in profit
Basically, you'd have to do your entire turnover of the past 12 months (at the same 50%+ profit margin) more than once per month in order to ROI in a year. And that assumes BTC stays the same price it is now. If it goes up, BTC proceeds will be even lower over time. With that said, if I got involved with this I would do so by taking fiat and converting it to BTC *now*, such that the price of BTC would no longer be a concern since it'd basically be a fiat->fiat investment.
I'll think about it, but it's rough with the math that's been shown. And there's risk involved as well.
Shareholder record added to original post.
Just sold some personal wargaming terrain I had for 100 USD to a private party. I'll watch the price of BTC over the next two weeks to maximum the amount of BTC but the first dividend will be arriving on October 31st. At the time of writing that amounts to 0.29886432 BTC using Circle.
Assuming the price remains stable that leads to a dividend of 0.209205024 BTC.
Assuming the price remains stable that leads to a dividend of 0.209205024 BTC.
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