Know Everything About Bargain Buys for You in the Wholesale Market
Check out the
wholesale market for low prices and great deals. Do you own a
business? Do you buy for large groups like boy or girl scouts,
students or family?
Are you
putting out more money than you should by paying retail? If you are
then any of these reasons is good enough for you to explore the world
of buying wholesale.
Are you a big
money buyer or merely a casual shopper? If you frequently buy large
quantities of merchandise, it would be a good idea to obtain a
business and reseller license. Some wholesalers will not sell to you
without these permits.
Additionally,
the licenses can get you into trade shows that are not open to the
public. Here, you can find many items priced below retail. You can
also get on mailing lists for major trade shows. These events sell
everything from furniture
to the latest fashions at wholesale prices.
When applying
for a business or reseller license, make sure you understand what
fees, taxes, and regulatory red tape are required to keep you out of
trouble with various authorities. Depending on the state you live in,
you may be able to get a resellers license for free.
You are
responsible for collecting sales tax on products sold within the
state. Assess the cost versus expected savings from buying wholesale
to determine if it is worth the trouble to obtain licenses.
To get a
business license, you must be in business or be planning to start
one. You can legitimize your business status by turning a hobby or
talent into a business venture. For example, a weekend furniture
maker sells a few pieces to friends and a business is born.
Even the
casual shopper may benefit from obtaining business and a reseller
license. You get access to nonpublic wholesale events and wholesalers
that do not sell to the general public. In addition, you can make a
little money off the deals you find.
Buying
wholesale usually means purchasing large quantities. While you do not
need three dozen cashmere sweaters, you can keep a few and sell the
rest to friends, or, online
auctions and at flea markets.
Sometimes you
do not have to have a license and there is no problem. Although
business permits give you more access to buying wholesale, you do not
have to have a license to get wholesale prices.
Wholesale
businesses often have special times that they are open to the public.
Prices will be a little more, but you still pay less than retail. You
can search through the Yellow Pages to find local wholesalers and ask
if they have public sale hours. |