I get about $3000 in monthly gross payments to my Paypal. But this is definitely not the profit because I use about $2300 for monthly inventory and online fees. I use credit cards to buy my inventory, and I use the money I get from online sales to pay the credit card bills. I pay my balance in full each month.
So, should I put on my application a monthly gross income of $4000?
Some definitions of income from credit card applications I've found:
Please include all of your sources of income, including income from assets, that you would like considered as a basis for repaying this obligation.
For example, current or reasonably expected salary, wages, bonuses, tips, commission.
Please note that alimony, child support or separate maintenance income need not to be revealed if you do not wish to have it considered as a basis for repaying this obligation.
Examples may include income earned from employment (salary, overtime, bonus), retirement/pension benefits and rental properties. If you do not have sufficient income, we may request a co-applicant or guarantor.
Alimony, Child Support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repayment.
Gross Annual Income is income you can use to repay your debts. Salaries, investments, rental property proceeds, Social Security benefits and retirement accounts are some examples.
Enter your personal annual income from all sources (e.g. full-time, part-time, or seasonal jobs, self employment, interest or dividends, retirement and public assistance).
Annual income is one of the factors used to assess your ability to make monthly payments on this account. It must be enough to cover these payments, plus estimated living expenses and any other debt you are responsible for.