Jack Gilbey
5.1K posts

Jack Gilbey
@jackgecom
DM ‘agent’ for my dropshipping supplier
Bangkok, Thailand Katılım Haziran 2022
34 Takip Edilen22.9K Takipçiler

@jackgecom Why moving to Thailand especially and not elsewhere? Never been there
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@jackgecom When you got a winner do you make a lot of ads based on awareness level / angles / sub avatars etc?
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@jackgecom @urko_garmendia does this get you a maid, personal chef and some house helpers? curious as to how far that amount would get you in thailand.
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@zacbray_ @carlwickund1 No. Same pixel, split across a few ad accounts
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@jackgecom @carlwickund1 do you run them all through their own individual ad account + pixel?
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@carlwickund1 Same as normal. It’s basically the same as using Shopify markets in 1 store. Just it happens to be I use unique stores
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@jackgecom How do you even manage 20 stores? Curious how your team looks like
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@PhantomStays Where would he bank personally? US personal bank?
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Just got off a call with an ecom fashion founder based in Thailand 🇹🇭 running $3M/year in revenue. Guess what? He's originally from 🇳🇱💀
Smart operator. Already spending well over 183 days/yr in Southeast Asia, sitting on a UAE tax residency that's causing him unnecessary heaches, and a bloated corporate structure that was quietly bleeding money in all the wrong places.
The biggest leak? A Merchant of Record eating 1% off every dollar of revenue. On $3M/year, that's $30,000 walking out the door annually, for literally nothing. Add in a Mercury banking setup (notorious for random account shutdowns), a UAE entity pointlessly wrapping a US LLC, and zero credit card points on a massive ad spend.. yeah, we have a lot to fix.
Here's the full game plan:
First, we're cutting the Merchant of Record entirely and moving directly onto Shopify Payments or a private payment processor. That $30k/year cost disappears overnight. Payouts get routed to a Slash US business account instead of Mercury, which removes the very real risk of waking up one morning to a frozen account with no explanation.
On the structure side, the UAE entity gets stripped out. The US LLC stays as a clean pass-through. And since he's already clocking 180+ days in Thailand, we're transitioning tax residency there officially, which keeps his personal tax rate at 0% on foreign income under Thailand's current rules, without a single extra visa run ever again.
Now the real unlock: the ad spend.
Right now every dollar going into ads is completely unrewarded. To fix that, we're moving in two phases:
Week 1
✅ Get a compliant US commercial address immediately (not a registered agent, a real address that passes KYC and Shopify compliance checks)
✅ Start the ITIN application via IRS Form W-7, certified docs, and a Certifying Acceptance Agent. Processing runs 6–14 weeks, so we start this on day one
Weeks 2–8
🔐 Remotely open a Chase business bank account, deposit $100k, and let it season for 60–90 days to get Chase biz cards that otherwise would be outta reach (due to no credit score yet)
🔐 Once ITIN clears, the credit profile starts building fast. Traditional US credit building takes 8–12 months. We're compressing it to 2–6 months
🔥 The result: millions of points per year on ad spend that was previously earning absolutely zero. Fully funding a global travel lifestyle that a fashion founder living between Thailand and the world actually wants to live.
The thing that gets me about this one is how clean the win is. $30k saved on processing. 0% personal tax, legally, in a country he already lives in. A simpler structure. A safer bank. And a credit card stack that turns his ad budget into lie-flat seats and five-star hotels.
He's not changing how he runs his business. He's just finally getting paid for it.
If ur running serious volume through a Merchant of Record, banking on Mercury, and watching your ad spend earn nothing, we should talk.
There's a version of your setup where the infrastructure works for you instead of quietly against you.
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@jackgecom @jackgecom Hi Jack, you don't have any problems with card payments in Denmark? After 3-4 weeks, all payments are rejected on my end, and I see the same thing on the Shopify forums. Because of Danish banks
Thanks!
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@nicael234 ChatGPT, deepl, translate and adapt app on Shopify if using same store for multiple languages. Always get it checked by a proofreader in the country
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@zuckpayer Yes. But nowadays I would keep all on same store. Shopifys markets and translate app are good enough now to use 1 store for all markets
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