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  1. iAmTrade

    Collecting 762k in X Months?

    EXECUTION 
    UPDATE! Okay, I am back in the states. Was in Europe for 6.5 months... working on this business. I presently have 7 employees total salary expense of $ 2,100.00. Telephone/internet/office lease/electrical bill total expense average of $ 2,969.50. Total collected in this month and its only the...
  2. iAmTrade

    Collecting 762k in X Months?

    EXECUTION 
    I keep all of it, minus merchant fees and employees/expenses. I have an update. So, we had 1 week training. 1 week of radical collections that only led to $1,750.00...Today..Monday... Only Monday I made $840.00, green. Have a debtor who will pay $ 500 Wednesday and another to pay $450.00...
  3. iAmTrade

    Collecting 762k in X Months?

    EXECUTION 
    Update: Monday the 14th, employees started collection calls etc. Made $ 450.00 on Monday. Tuesday, made nothing. Yesterday, made $ 1,300.00. When I say made, I say, processed the payment for/collected. What ends up in the bank is a different story. So far, can't tell, merchant deposits funds...
  4. iAmTrade

    Collecting 762k in X Months?

    EXECUTION 
    No replies, no questions... Interesting. Guess it makes sense, currently have no success to show.
  5. iAmTrade

    EU citizenship good for business?

    MINDSET 
    I have a USA based company... and one in Europe... The US based one, uses the European one for cheaper labor... taxes in Europe are much lower than in the USA... What you send from the USA to Europe, is called an expense :smoking: you can bet a dollar thats 75 cents worth of that dollar saved...
  6. iAmTrade

    Collecting 762k in X Months?

    EXECUTION 
    I have things to report :P So first off...I'm in Europe, and instead of being owed 765k$... I, by the middle of next week, will be owed- a total of $ 1,515,000.00 :) Minus a little over 20k$ I have collected with someone else these last 3 months or so. So what I have been up to? First... an...
  7. iAmTrade

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    You dont vet anything. And yes, lending club reports on credit scores and yes it does send accounts to collections if they aren't paid. When I posted above- all in all- w/o the details of it all- you are the bank/cc company, you collect payment on your dues. Sometimes you get paid, sometimes...
  8. iAmTrade

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    I'm .1% more in predicted returns : / and I've been doing this longer than you have. Sigh, newcomers...better than I already... As to @Greg Rutkowski ...yea so what, there is no collateral. What do credit card companies do? ...they offer $$ to people without any collateral. And still profit...
  9. iAmTrade

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    Want to know why...? European mentality and culturallity lends to state that when in debt, pay that $hit. There is corruption, are high fees, being shunned, people don't believe they should take $ and not pay it back, they are not consumer based- they dont consume bc it makes them "feel good...
  10. iAmTrade

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    Bleh, reminds me of a forensic accounting and auditing course I took in college 2 years ago. The smart move to have been done- is just be legitimate, and take a higher cut as they put such a cut in their pocket as an employee bonus or whatever. Thats perfectly legal. And likely would have given...
  11. iAmTrade

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    Oh my. Can you imagine... How do people fall for things to the tune to give away 7.6Billion USD like that? I don't understand how they can keep it running for so long. (You know, any organization you give $ to online, can perform a wire transfer to an offshore account. Leave the country...
  12. iAmTrade

    I am a pilot, need advice how to escape slowlane.

    SLOWLANE 
    I've been in the trenches, literally, digging holes and foundations, to finish the roof on the house. A business I will stay away from. Sent from my iPhone using Tapatalk
  13. iAmTrade

    BigCommerce Rest In Peace (Alternatives Re: Price Increase)

    WEB/DIGITAL 
    Here you go... http://lmgtfy.com/?q=What+is+the+difference+between+prestashop+and+shopify Shopify's business model is simple= get people to signup and pay monthly, what they can find for free. Same as other info-related subscription websites. They do a great job retaining customers because...
  14. iAmTrade

    I am a pilot, need advice how to escape slowlane.

    SLOWLANE 
    Read the book. Your dad owns a commodity selling business... How about combine what you want to do into 1 thing? Make believe you own your own commodity selling business, start a site selling that product. And then, add an eccomerce aspect of it. This way- you dev, you sell, run a...
  15. iAmTrade

    Am I getting scammed?! Alibaba (Overseas Importing Payment Options)

    NOTABLE! SOURCING 
    I didn't read everything, And anyone/everyone goes around importing...but I love how no one knows how to genuinely NOT GET SCAMMED TRADING. Anyone heard of L/C? Anyone know full intercoms and trading policies? Anyone know how to... WALTER IS THAT GUY, THAT DOES. I know, because I've talked...
  16. iAmTrade

    Collecting 762k in X Months?

    EXECUTION 
    Little update: Merchant account to collect has been completed... after WEEKS of applications and denials. Will figure a system to collect, calls etc. and make those calls. Will come back when I have anything to report.
  17. iAmTrade

    BigCommerce Rest In Peace (Alternatives Re: Price Increase)

    WEB/DIGITAL 
    I find it weird... Why would you spend money monthly to use a site? When you can get something else, free? I started an eCommerce store last year selling custom lingerie :happy: (I just love being able to give a woman some free clothing article, and have her model in it so I can use it on my...
  18. iAmTrade

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    I have a theory... People who are successful do not really go about looking for "how to make money" or "how to grow an eCommerce site" or "business forum for entrepreneurs" or ....ANYTHING in my opinion, that would lead you to join The Fastlane Forum... But perhaps it just happened, and I can...
  19. iAmTrade

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    INVESTING NOTABLE! 
    Can't merely say something won't work because of an emotional aspect of fear. Yea, things can turn to shit as easily as it is for someone's boss to say "you're fired"... But lets take a look... With Lending Club... 1. You are a lender. 2. You choose who to lend the $ to. 3. You have no limit...
  20. iAmTrade

    How to Have 15 Free and Clear Houses in 5 Years - Free Audio Lesson

    REAL ESTATE 
    I wish I saw this thread earlier. Anything I can do for this intel. Sent from my iPhone using Tapatalk
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