Part II - UDP For Life

[keitarou]

you math is way off lets say you get starter plan $45 so two months is 90$ + 200$ for iphone + 35 activation fee. sell phone for 700$ profit 350$ ater buying phone

Yes my math isn't accurate. That wasn't the point. The point was that getting lines from apple using this trick for subsidized phones and then transferring it to t-mobile using their pay off ETF program won't net you anywhere from 300-400 bucks anymore. More like $50 to $150 after paying taxes on the ETF that you don't get reimbursed, having to buy a new phone from t-mobile, waiting 60 days to get the ETF from t-mobile in the form of Visa card.

 

[tritron]

Yes my math isn't accurate. That wasn't the point. The point was that getting lines from apple using this trick for subsidized phones and then transferring it to t-mobile using their pay off ETF program won't net you anywhere from 300-400 bucks anymore. More like $50 to $150 after paying taxes on the ETF that you don't get reimbursed, having to buy a new phone from t-mobile, waiting 60 days to get the ETF from t-mobile in the form of Visa card.

new fliphone is 30$ verizon fliphones are 10$
It makes to get iphone 6 plus 64gb

 

[beratblakaj]

Man so somebody did get triple digits! I was getting so close! Did you do this on multiple accounts? I did about 90 on two accounts.

90... 107... I did like 16... I was late to the game you guys are legends. lol

 

[JulesJam]

Ok. There were 2 options allowed on his handheld, either return or exchange. The Apple Store rep said the exchange process would not affect the verizon plan. If the exchange option didn't show up, then he would have to process this as a return instead. Maybe he was mistaken on the exchange process then. Oh well.

According to people who actually did it at the Apple store, the exchange option is processed as a return/repurchase in the system and it kicks you off of UDP and puts you on a 2GB plan.

----------

Are the used sims really worth anything? Their only to bypass the activation screen or am I wrong? I thought they were dead after an aol and selling the phone to another person

A used SIM card may or may not be able to be reassociated with another line. You can test it out by trying to reassociate it to one of your lines. Most all I have tried can be reassociated but some can't and the Verizon reps don't have an explanation for why some can be and some can't be.

----------

I wonder if you pay for parental controls if you could block voice?

I just checked on this and you cannot block voice entirely no matter what. You can only block specific numbers and then only a limited amount.

 

[tritron]

Did anyone tested aol to business yet?

 

[maestroX2]

so awesome, you can sell those too!!!!!

----------

idk but the receiver needs to have a business account.

You call same AOL department to release the numbers to business. The procedure is the same although you need to provide business name and their phone number.

 

[JulesJam]

What good are used sim cards for?

They are useful for people trying to do some of the upgrade methods like the UDVZWIP4 or if they have a different size SIM card than the one their new phone will have, they can cut down their existing SIM card for the initial activation and then reassociate the used SIM card of the proper size with the line after the new phone is activated. People can buy new ones from VARs for about $10 so you wouldn't be able to get much for used ones.

 

[maestroX2]

i just counted.... 107 sim cards... this isn't all of them either... a good amount were shipped out.. haha

you are the MAN !!!

----------

They are useful for people trying to do some of the upgrade methods like the UDVZWIP4 or if they have a different size SIM card than the one their new phone will have, they can cut down their existing SIM card for the initial activation and then reassociate the used SIM card of the proper size with the line after the new phone is activated. People can buy new ones from VARs for about $10 so you wouldn't be able to get much for used ones.

I did use old sim card to help some customers on their $45 plan. Ask them to call Verizon to activate the sim + iphone and then I ship the sim card to customers. It'll be easier if they told me ahead of time, they don't have smartphone.

 

[JulesJam]

You call same AOL department to release the numbers to business. The procedure is the same although you need to provide business name and their phone number.

OK I thought businesses had a different AOL number.

----------

you math is way off lets say you get starter plan $45 so two months is 90$

According to the TMobile site, only Simple Choice plans qualify for the ETF gc. And the cheapest one is $50/mo.

+ 200$ for iphone + 35 activation fee. sell phone for 700$ profit 350$ ater buying phone

It's not easy to sell a 16GB iPhone 6 for $700 any more at least not domestically. The market has come way down on those as Apple has shipped many out by now.

And you didn't include in your analysis that you have to buy a phone for trade-in and buy a new phone from TMobile.

----------

new fliphone is 30$ verizon fliphones are 10$
It makes to get iphone 6 plus 64gb

Are you sure you can put a flipphone on the Simple Choice plan and are you sure that the flipphones qualify for the ETF gc?

 

[tritron]

Well I guess someone can setup a business line. It takes few minutes to get ein from irs http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Employer-ID-Numbers-EINs

 

[JulesJam]

Well I guess someone can setup a business line. It takes few minutes to get ein from irs http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Employer-ID-Numbers-EINs

No triton it doesn't work that way. Verizon doesn't allow you to open a business account simply because you got an EIN from the IRS. The business has to have actual credit IN THE NAME OF THE BUSINESS. They run a credit check on a business the same as they do on individuals. And when a friend of mine who is a consultant and works on site at client sites but doesn't have a B&M location for an office applied for one, she was denied b/c she couldn't produce a utility bill in the name of the business. Her business is an LLC and has credit in its own name. The business grosses in the 6 figures and she offered her corporate tax returns and they still said no.

Remember, when Verizon opens an account in the name of a business, the business is responsible for the bills, not an individual. An owner can bankrupt a business and not be liable on the bill and not have the business bankruptcy affect his own credit.

 

[slimtim49036]

I say that we open a honorary business in the name of Jules and Mark...and any other 'veterans'..... maybe call it JewelMart or JewelMarks...or something.mmmmmmmmm


;-)


-TimJ


I like the people in Kennesaw

 

[maestroX2]

No triton it doesn't work that way. Verizon doesn't allow you to open a business account simply because you got an EIN from the IRS. The business has to have actual credit IN THE NAME OF THE BUSINESS. They run a credit check on a business the same as they do on individuals.

I do have business. Verizon wants $400 deposit per line due to limited credit history. It's my mistake too not to use a lot on business credit but who would pay 12.99 APR for business finance when you can pay 0.99 APR personal finance.

They do charge a lot more for business customers. my previous DSL for $50 for 3mb down. Paid $500 for one local company to install fiber... supposedly $99 per month for 15 down/up but they haven't sent bill yet for a year. So, good to have extra unlimited data Mifi backup. Although, wireless signal coverage is kinda bad in the industrial area.

 

[didiee]

AOL officially closed?

 

[JulesJam]

I like the people in Kennesaw

Is there an AOL call center in Kennesaw? Do you they let you AOL UDP lines?

 

[maestroX2]

Do you get your N6 yet ? I have 1 White 64G & 1 Blue 32G on order from motorola. Not sure which one to keep. I prolly keep the Blue and sell the White.

 

[JulesJam]

I do have business. Verizon wants $400 deposit per line due to limited credit history. It's my mistake too not to use a lot on business credit but who would pay 12.99 APR for business finance when you can pay 0.99 APR personal finance.

Does your business have a B&M presence?

----------

Do you get your N6 yet ? I have 1 White 64G & 1 Blue 32G on order from motorola. Not sure which one to keep. I prolly keep the Blue and sell the White.

No haven't pulled the trigger yet.

 

[didiee]

I say that we open a honorary business in the name of Jules and Mark...and any other 'veterans'..... maybe call it JewelMart or JewelMarks...or something.mmmmmmmmm


;-)


-TimJ


I like the people in Kennesaw

com'on!?!? Who is in Kennesaw?
Can we also have a B&M store, so we can be a "real" business?

 

[keitarou]

new fliphone is 30$ verizon fliphones are 10$
It makes to get iphone 6 plus 64gb

Ok. Let's use this example. Before tax.
iPhone 6 plus 64 GB price: 399
Verizon Activation: 35
Verizon ETF: 350
Cheap Flip from Verizon: 10
Total Before T-Mobile is 794

In order for T-Mobile to pay your ETF, you need to get $50 plan on Simple choice.
T-Mobile cheap phone: 30
8 weeks of service to get your reimbursement: (50*2)=100
ETF Reimbursement: 350

Assuming you sell iPhone for $850
850-399-35-10=$406-30-100=$276

So before any TAXES you pay on the phone, your ETF bill and T-Mobile taxes, you have $276. so if we factor taxes, you are looking at anywhere from $50 to $150 in profit.

If you think that is worth the trip to apple store and sending the phone, having to deal with any fees for selling and that, then go ahead. I'm just letting you and people here know that this isn't worth it for me.

 

[maestroX2]

Does your business have a B&M presence?

----------

No haven't pulled the trigger yet.

define B&M presence.. I do lease a warehouse. Not sure what you mean by B&M presence.

 

[tritron]

We start a business and rent those lines out

 

[didiee]

Ok. Let's use this example. Before tax.
iPhone 6 plus 64 GB price: 399
Verizon Activation: 35
Verizon ETF: 350
Cheap Flip from Verizon: 10
Total Before T-Mobile is 794

In order for T-Mobile to pay your ETF, you need to get $50 plan on Simple choice.
T-Mobile cheap phone: 30
8 weeks of service to get your reimbursement: (50*2)=100
ETF Reimbursement: 350

Assuming you sell iPhone for $850
850-399-35-10=$406-30-100=$276

So before any TAXES you pay on the phone, your ETF bill and T-Mobile taxes, you have $276. so if we factor taxes, you are looking at anywhere from $50 to $150 in profit.

If you think that is worth the trip to apple store and sending the phone, having to deal with any fees for selling and that, then go ahead. I'm just letting you and people here know that this isn't worth it for me.

I think it would be worth it for someone who got "stuck" with UDP lines and doesnt want to do a rental business.... Essentially there is a way out, and had I know this, I would just left my UDP lines on eBay for 3500 (so it's not as quite expensive as 3750) until the very end.
Also Means that I could have 10 extra UDP lines and phones. Is it worth the extra grand, for amount time/work/stress, probably not. Good to have plan B though....

 

[JulesJam]

define B&M presence.. I do lease a warehouse. Not sure what you mean by B&M presence.

I mean that - you own or rent office/warehouse/store space. The lease would count.

That's all I am saying - Verizon won't open a business account to someone working from home or even like my friend who works at a client site. The business must have real estate of some sort of its own be it owned or rented.

----------

We start a business and rent those lines out

Dude you are just throwing out all kinds of whacky ideas that are not based in reality and not reading what people are posting to you.

 

[didiee]

We start a business and rent those lines out

I did quick math....

700 family share
69.99 + 29.99 X 5 + 30 = 250
Cost ~$60 a line/month.

Renting out for $100, net income $40/month.
Even 100 lines, get you 4 grand.
You'd have to trouble shoot for dummies, taking care of the bills, making sure they're not using it for calls or texts
I am out.

 

[keitarou]

I did quick math....

700 family share
59.99 + 29.99 X 5 + 30 = 240
Cost ~$50 a line/month.

Renting out for $100, net income $50/month.
Even 100 line, get you 5 grand.
You'd have to trouble shoot for dummies, taking care of the bills, making sure they're not using it for calls or texts
I am out.

And what if they don't pay? then you also are out the $50 bucks for that month. Not worth it.