Tag Archives: sale

PayPal Working Capital: A Game Changer For My Business

In my last blog I mentioned that PayPal Working Capital was one of the services that I wanted to cover. Having just this past week opened up my fourth loan with them, I figured that now is the time to write this blog. I may not write a ton of blogs on here, but I feel happy to be able to say that each blog I do put up has a lot of thought and time put into it. For me this blog is a long-term project, and over the course of my life I look forward to growing it with quality content, rather than just throwing stuff up.

I first began using PayPal Working Capital when I was sent an invite via email. It advertised a business loan that wouldn’t effect my personal or business credit score, had a flat fee, and the ability to pay a little each time I made a sale via PayPal as opposed to a monthly payment. Almost sounded too good to be true! I had to look into it more.

Upon further investigation I read a lot of great reviews online. I checked out their website, which interested me even more. PayPal Working Capital works by them having the ability to see your sales via PayPal, therefore they are able to customize a personal loan to you based on those sales, then you repay a small percentage (that you have the option to set) with each sale you make on PayPal. I have made PayPal sales over Instagram, Etsy, and elsewhere in the past, but my main source of PayPal sales come from eBay.

With each of the four loans I have taken out with PayPal I have taken a larger amount each time. My most recent loan was for $9,000. The ability to increase my cash flow and be able to purchase inventory I otherwise wouldn’t have been able to has significantly increased my gross revenue. It has also given me the ability to invest into other areas of my business. The process to take out each loan is simple and straightforward. You put in a little information and if you reach the sales threshold they offer you a few options on how much of a loan you wish to receive. You can choose the amount, the percentage of each sale you agree to pay back, and they show you what the flat fee will be. Once you agree on a loan that suits you, in most cases, you have the money deposited in your PayPal account immediately. I have only once had the loan take about 24 hours to be deposited, every other time it was an instant deposit.

You will often hear people say that you shouldn’t use credit or take out a loan. If you are in business, to me, that’s the wrong approach. If you just want to very slowly grow your business (as well as stress out and possibly fail), there’s nothing wrong with that. But if you’re trying to scale your business, “other people’s money” is something you need to be comfortable with.

As I’ve mentioned before I’m also in the beginning stages of buying a house, so taking advantage of a business loan which doesn’t effect my credit score was a HUGE plus for me. This is one fact I can stand behind and guarantee you — opening up a loan with PayPal Working Capital will NOT show up on your credit report, I guarantee you that.

If you are in the same boat as myself, with a majority of your PayPal sales coming from eBay, there is one thing that you should be aware of. That is the fact that eBay recently announced they will be processing their own payments in the future via a startup known as Adyen. Once this begins, for someone like myself, these PayPal Working Capital loans will likely be harder to aquire. However, eBay has also announced that they’ll be teaming up with Square Capital to offer sellers their own version of a working capital loan. Yes, the drama between eBay and PayPal continues!

As time goes on, and more information becomes available, I’ll update this blog post with the latest information, my personal trials, etc… I do know that I’m at least interested in the Square Capital loans as Square is a company which I’ve supported and invested in for some time.

Thanks for reading and if you have any questions or comments please leave them below!

Brent Ott

Late Summer / Early Fall = Great Time For Clearance & Savings!

Late Summer & early Fall is a great time to enjoy a few last BBQ’s, hit up that local swimming pool or amusement park, and begin to buy Halloween decorations (all of which I love!), but it is a great time for something else as well. It’s a great time for clearance shopping!

If you are into gardening like I am, and into saving money (who isn’t?!), this time of year is a great opportunity to get things like planters, bricks, and other gardening supplies for cheap. One place to begin your search is Wal-Mart. I went to Wal-Mart a few weeks ago and was able to score some bricks for my garden for under 80 cents each! I am already using them, but another great idea if you have the space is to purchase these items, place them in storage, and use them at the beginning of next Spring. Unless of course you are lucky enough to live somewhere like California where it is possible to garden year-round. I’m jealous if that’s the case!

Other stores which are great to check this time of year are Target & Ollie’s Outlet. Both offer great sales on seasonal merchandise year-round.

If you’re in the market for some Summer/warm weather clothing for yourself or to resell as I do, TJ Maxx is a great place to hit this time of year. As I’ve mentioned before on this blog, twice a year in January and July, TJ Maxx begins their “Yellow Tag Clearance” sale. As they begin stocking the new seasonal inventory, everything else gets a yellow tag with some of the deepest discounts available. Each week these items get a deeper discount until they are either all gone, or they end up sending them off elsewhere. All of the best stuff goes fast so I always like to visit early and visit often.

This time I visited one of my favorite purchases was a Bugatchi Uomo shirt I scored for $22, which originally retails for OVER $100! I was also able to score some great deals on Free People women’s leggings, Jordan kid’s shirts and shorts, Nike polo shirts, and a lot of other great things all of which I am reselling on eBay. I love the TJ Maxx “Yellow Tag Clearance” event and am already looking forward to it beginning again in 2018. It’s been going on now a few weeks, and as of this writing is still going on, but you better hurry to your local TJ Maxx before everything is gone and Fall/Winter clothing season is in full swing.

In addition to clothing TJ Maxx also extends the “Yellow Tag Clearance” to other hard goods throughout the store. You never know what you may find!

Do you frequent any of the mentioned stores for clearance this time of year? Any great scores you’d like to share? Any other stores you visit this time of year to save big? We’d love to hear from you! Leave some comments below!

Ollie’s Bargain Outlet Haul: Taking Advantage of Once-A-Year “Ollie Days!” Customer Appreciation Sale

Since I started this blog one of my favorite things to do so far has been the shopping hauls I have shared. I have a short list of stores I plan on blogging about, and Ollie’s Bargain Outlet was one of them. So when I found out about “Ollie Days!,” a once-a-year 15%-off-everything Customer Appreciation Sale, I found this to be the perfect opportunity.

Ollie’s was founded in 1982 and from their Wikipedia page the basic concept of their store is the following: “Ollie’s Bargain Outlet deals in surplus merchandise obtained from various retailers, suppliers or manufacturers throughout the country, whether in the form of closeouts, bankruptcy sales or other similar means of buying the stock at below wholesale costs.”

I first learned about Ollie’s when I was young, on one of my regular Summer vacations my family took to HersheyPark in Hershey, Pennsylvania. Near the hotel we stayed at there was an Ollie’s, and I quickly fell in love. I have memories of buying a lot of cheap office supplies. Yes, I was just a kid, but even then I enjoyed having an “office.” I may have not actually been running businesses at the time, but I always pretended I was, or just made plans, wrote down ideas and goals, etc…

One of my favorite things about Ollie’s is that you never quite know what you may find. As mentioned from Wikipedia, Ollie’s sells surplus merchandise from different retailers and manufacturers, so there is always something different. They carry everything from food, to books, cleaning supplies, seasonal items, and literally everything in between.

On this past trip which I am sharing, I was able to spend only $18.69. First thing I scored was something which I was literally in need of buying this week anyway, and that was various Axe products; shampoo, body wash, and deodorant. Priced at only $2.99 each, what a great deal! I would have paid more anywhere else. I also scored a frame for a project my girlfriend is doing, which was marked at $3.99. Not the best deal on that, compared to just picking up a frame at Wal-Mart or Dollar Tree, but I didn’t feel like making another stop.

Finally two of my favorite scores were the cinder blocks and pieces of carpet. The pieces of carpet, which I got to place in various spots in my apartment, were only $1.89 each, and possibly the best deal of all, the cinder blocks were only each $1!  I have already used these in my garden and they were just what I was in need of! All of the prices I mentioned were the marked prices, but don’t forget that EVERYTHING in the store during “Ollie Days!” is 15%-off! Until my Sister mentioned it and I then got the advertisement in the mail, I had never heard about this yearly sale before. I guarantee I’ll be back next year!

If you have an Ollie’s Bargain Outlet in your area, and have never stopped to give it a chance, I recommend you doing so. I hope you enjoyed the haul, and as I mentioned I have several other stores I plan on sharing soon, some of which you likely have never been to. I imagine at least some of you haven’t. I’ll also be doing more hauls of stores which have proven to be popular in doing so already on this blog, such as Dollar Tree.

If you have any questions, comments, suggestions, or anything else, PLEASE leave them below! Also follow us on Twitter & Facebook for a lot of exclusive content.

THANK YOU!

Brent Ott