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Should I Offer Carb O-ring Kits For Sale?
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Forum LongTimerBard Award Winner
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Originally posted by Nessism View Post...Also, will people hesitate if I ask for gift payment from paypal? I don't want to inflate the 1099 paypal is sure to send me (us.)
Please don't do that. I certainly trust you, and have done business with you several times, but that's not the issue.
The problem is that PayPal will very quickly detect that you're circumventing their rules and you could lose a lot of time and may even lose some or all of the money.
PayPal was the first P2P payment service, and works well for the most part, and so they're sort of a necessary evil. But they are very carefully configured to NOT be a bank and thus not subject to many important consumer protection regulations. In short, they can do what they want with your money, including just keeping it without telling you why. Properly setting it up as a sale of goods protects you in some important ways, as well as the buyers.
Please do this on the level. Charge what you need to in order to deal with PP's fees, filing 1099s, paying any taxes, etc. Obviously, your intent is to operate this thing very lean; you're not living off the profits. If your end profit is low, you won't owe much in taxes, and if you have other 1099 income it's not a lot of added work.
Lastly, please consider using ANY other payment service than PayPal. As I noted, there are some rather unpleasant aspects and questionable ethics in the way they run things. All the payment services charge fees, and you just have to build that in.
Personally I'm a big fan of using Square to accept card payments (or their Cash App for interpersonal payments). Their fees are reasonable, and their service is excellent. Any online store service will have an easy Square integration.Last edited by bwringer; 08-25-2022, 09:21 AM.1983 GS850G, Cosmos Blue.
2005 KLR685, Aztec Pink - Turd II.3, the ReReReTurdening
2015 Yamaha FJ-09, Magma Red Power Corrupts...
Eat more venison.
Please provide details. The GSR Hive Mind is nearly omniscient, but not yet clairvoyant.
Celeriter equita, converteque saepe.
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Thanks for the dose of reality, Brian. Okay, I'll do this thing straight up.
It irritates me to no end that the US government is mandating a 1099 for us small-time "citizens" trying to offload some old junk, or run a small "hobby" business like this. I don't need the money this endeavor will generate, but I also don't want to hand it over to the IRS either. I make a good living from my regular job, and this project will generate "profit," roughly equal to minimum wage for my time. No disrespect to minimum wage workers, but I'm not doing this because I have to. Some extra "beer money" is always nice, though.
Ed
To measure is to know.
Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182
Top Newbie Mistakes thread...http://www.thegsresources.com/_forum...d.php?t=171846
Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf
KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection
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I'd like a set for my '78 GS750. If you won't send to Canada, I'm sure I can find a shipper with and American address. The last set I got from Robert had a "Global USA Forever 2014" stamp on it and they came in an envelope right to my door.Kevin
E-Bay: gsmcyclenut
"Communism doesn't work because people like to own stuff." Frank Zappa
1978 GS750(x2 "projects"), 1983 GS1100ED (slowly becoming a parts bike), 1982 GS1100EZ,
Now joined the 21st century, 2013 Yamaha XTZ1200 Super Tenere.
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Originally posted by bwringer View Post
Lastly, please consider using ANY other payment service than PayPal. As I noted, there are some rather unpleasant aspects and questionable ethics in the way they run things. All the payment services charge fees, and you just have to build that in.
Personally I'm a big fan of using Square to accept card payments (or their Cash App for interpersonal payments). Their fees are reasonable, and their service is excellent. Any online store service will have an easy Square integration.
When I threw in the towel, Paypal was launching a new (improved!) shipping process which required a Dymo label printer. Which I didn't have; I already had printers, plural, that worked fine. Even if I felt like buying new Dymo printers, guess what? The Dymos anymore use ONLY proprietary labels. Their rolls come with chips. Without expensive Dymo brand labels, your new printer is useless.
Toward the end there, I was ready to jump ship (pun intended, I suppose) to Pirate Ship just so I could abandon Paypal. I could complain for hours, but you get the idea. A little research now into an alternative shipping firm will pay off. Look into PirateShip. They might also have some competition to look over. (And by 'shipping firm' I mean simply an outfit that will take an address that you harvest from your transaction, take some money from you to pay for USPS shipping, and prepare a prepaid postage label for you, with as little repetitive effort as possible. You just slap that label on your envelope and you're done. In theory.) They'll also do the basic accounting, keeping track of all that DEDUCTIBLE expense.
And good luck with your operation!
RBand God said, "Let there be air compressors!"
__________________________________________________ ______________________
2009 Suzuki DL650 V-Strom, 2004 HondaPotamus sigpic Git'cha O-ring Kits Here!
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ED...
Heres a place ive used off and on over the years not only for bikes but for almost anything i didnt need to spend 50 bucks for a complete rebuild kit when all i needed was a simple "special size" oring"
Discover millions of high-quality O-Rings, hydraulic seals, and custom solutions at The O-Ring Store. We offer AS568 and Metric O-Rings, ISO9001:2015 certified products, and fast, reliable service to meet all your sealing needs. Shop now for top-grade materials and industry-leading expertise to ensure optimal performance for your applications. Make getting O-Rings easy with our comprehensive selection and dedicated customer support.MY BIKES..1977 GS 750 B, 1978 GS 1000 C (X2)
1978 GS 1000 E, 1979 GS 1000 S, 1973 Yamaha TX 750, 1977 Kawasaki KZ 650B1, 1975 Honda GL1000 Goldwing, 1983 CB 650SC Nighthawk, 1972 Honda CB 350K4, 74 Honda CB550
NEVER SNEAK UP ON A SLEEPING DOG..NOT EVEN YOUR OWN.
I would rather trust my bike to a "QUACK" that KNOWS how to fix it rather than a book worm that THINKS HE KNOWS how to fix it.
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Originally posted by chuck hahn View PostED...
Heres a place ive used off and on over the years not only for bikes but for almost anything i didnt need to spend 50 bucks for a complete rebuild kit when all i needed was a simple "special size" oring"
https://www.theoringstore.com/store/Ed
To measure is to know.
Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182
Top Newbie Mistakes thread...http://www.thegsresources.com/_forum...d.php?t=171846
Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf
KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection
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Forum LongTimerGSResource Superstar
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Originally posted by Nessism View PostOrder placed. Found almost everything from Global O-ring.
Supposedly shipped on Friday of last week. Hopefully, I'll be able to start taking orders in a couple of days. Thinking about an even $20 to start out.
Ed
To measure is to know.
Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182
Top Newbie Mistakes thread...http://www.thegsresources.com/_forum...d.php?t=171846
Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf
KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection
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Forum LongTimerGSResource Superstar
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The O-rings have landed. I'll message Don about getting a post up in the vendor's forum, in the meantime, PM me if you are in need.Ed
To measure is to know.
Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182
Top Newbie Mistakes thread...http://www.thegsresources.com/_forum...d.php?t=171846
Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf
KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection
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Forum LongTimerGSResource Superstar
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First two kits shipping today.
Posted an ad in the Services forum.Last edited by Nessism; 09-03-2022, 04:06 PM.Ed
To measure is to know.
Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182
Top Newbie Mistakes thread...http://www.thegsresources.com/_forum...d.php?t=171846
Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf
KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection
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Forum LongTimerGSResource Superstar
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Originally posted by bonanzadave View Post
I see that. Wheres the order button ?Ed
To measure is to know.
Mikuni O-ring Kits For Sale...https://www.thegsresources.com/_foru...ts#post1703182
Top Newbie Mistakes thread...http://www.thegsresources.com/_forum...d.php?t=171846
Carb rebuild tutorial...https://gsarchive.bwringer.com/mtsac...d_Tutorial.pdf
KZ750E Rebuild Thread...http://www.thegsresources.com/_forum...0-Resurrection
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Please do! I don't know what happened to Robert, but I'm good for at least 2-3 sets per year...1979 GS850 G
1979 GS1000E Resto moded
1993 Kawasaki ZR1100
The most effective means of preventing tyranny is to illuminate, as far as practicable, the minds of the people at large, and more especially to give them knowledge of those facts. - Thomas Jefferson
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