Buying Wholesale for Resale

When running a business you want to purchase your products at the best possible price. This is a guide about buying wholesale for resale.
Ad

Questions

Ask a QuestionHere are the questions asked by community members. Read on to see the answers provided by the ThriftyFun community or ask a new question.

0 found this helpful
May 15, 2003 Flag

Hi everyone!
I'm looking for some places to get (wholesale) items to resell. I have a small embroidery shop- but would like to carry other gift items as well.
Thanks

AnswerWas this helpful?Helpful? Yes
Flag
August 20, 20080 found this helpful

Hi I have an online store that sells retail, but I also sell wholesale to gift shops. We offer over a 1000 products that are constantly being updated for the new seasons, you can take a look at some of our products online at www.Irresistablecharm.net (remember the prices on our site are retail) we would be happy to send you our #2008 catalog along with our wholesale price list! Thankyou Renee' L. Harvey (owner) Irresistable Charm e-mail renee4309 AT sbcglobal.net http://www.Irresistablecharm.net

ReplyWas this helpful?Helpful? Yes
September 29, 20080 found this helpful

Well.... I know of a place that drops hips for you. U can sell anything. Well.... they have hand bags(name brand), but mostly geared towards eletronics. They sell Nike Shoes wholesale too so I suggest you see what you could get from them >>>> http://mrbcrawf … p.clickbank.net/

Ad
ReplyWas this helpful?Helpful? Yes
Flag
November 14, 20080 found this helpful

Hi, I run an ecommerce store that sells just about everything, we even have wii console system bundles with 40 games and a 38 piece wii accessory kit for only $$299.00. We also have a lot promotional items where you can by 3 or 4 and get 1 free items, we have over 90 different categories and drop ship for free!

ReplyWas this helpful?Helpful? Yes
Flag
December 6, 20080 found this helpful

Hi, we supply replica watches with lower price, please visit our site to see more detail, thanks http://www.replicaunion.com

ReplyWas this helpful?Helpful? Yes
November 8, 20090 found this helpful

Try salehoo they are one of the leading wholesale portals on the internet and is a great place to start your wholesale product sourcing!

Gain access to them by going here ==>http://www.sale … 06&type=tour

Ad
ReplyWas this helpful?Helpful? Yes
Read More Answers

0 found this helpful
April 1, 2007 Flag

I am thinking about buying items wholesale and selling out of my home. Can anyone tell me how to get started and give me any good websites to buy wholesale. Also, for anyone that already does this out of their home, would shoes and handbags be a good idea to start off with? If not, what about junior clothes for girls?

Pam from Georgia

AnswerWas this helpful?Helpful? Yes
April 2, 20070 found this helpful

Everything written so far is true, but don't let it discourage you. As long as you have an accountant & you never over spend yourself you should do okay. If you run a very small business it's not that big of a deal as long as you never bother your neighbors with noise, parking or traffic.

You can sell things wholesale at swap meets, & this way you won't have the over head of an actual place of business. If local laws allow, you could set up a business in your garage, but I would never let people into my house these days, especially if you have a family. You just never know. *The person who wrote about not buying things that need special sizes (like shoes & clothes) was right on. Another point is not to get involved in things that go bad in time or storage (like make-up, perfume or canned food goods etc) soap & bath products might be okay, as long as you are careful to store them in a cool place with little light, but be very wary of these things & be sure to do your research.

If you are selling to the public, think about buying insurance in case anyone gets hurt (like slipping on ice or falling down on your property) A few years back at a local art & produce fair an elderly lady was struck by the wind hitting an "EZ-up" tent booth. It knocked her down & she was hurt. Someone had to pay her medical bills! That's why you may need business insurance. (One more item of note: many people refuse to sell baby clothes & toys in case a child may choke or get hurt... some insurance companies refuse to offer insurance to those make & sell baby items)

But first things first: You'll need to get a wholesale/tax number. (available from your state) Then you might also need a business license from your local town or city. As far as zoning goes, it only matters if you are actually selling out of your house, because parking & traffic are issues. And YES you will definitely need a separate banking account for your business. If you buy wholesale, someone has to pay the tax on the items you buy. Either you or your customer (usually not the wholesalers) Before any wholesalers will do business with you, they will send you a form to fill out asking for your wholesale number etc. If you have a tax number you can order without paying taxes opn the wholesale items, but Someone always has to pay sales tax: In my state if you resale things, make, or remake things from wholesale items you purchaced without paying sales tax, you have your customers pay the sales tax, then send that tax money into the state. Depending on your business, you can sometimes just pay tax on your wholesale purchases when you buy them. That way you have already paid the tax & this can save steps, but this is rarely done. As previously stated, you will need to comply with Federal, State & Local Tax & business laws.

Your accountant will let you know the ins & outs of what things you can declare for tax purposes. Things like your separate computer & printer for your businesses records, If you have a single room for your business sometimes you can declare say for example an eighth of your house payment etc. (Ask your accountant!) The tax people expect you to loose money for the first few years. You can deduct your business start up costs & sometimes gasoline & mailing costs as well as many other things. Now, you have an idea why you HAVE to have an accountant. (it's WELL worth their cost) Save EVERY single business receipt & give these to your accountant. You may be audited seven years or so later & you want every "I" doted & every "T" crossed! Ask your accounted about "red flags" when you file your federal, state (& sometimes city) taxes & especially have receipts for these things! In my state, if you get a tax number & don't make any money from your business after 3 years, they call it a "hobby" & not an actual business. Then your tax number is usually revoked.

Here's a few ideas: You can buy (in bulk) things to start a "Dollar Store" You can buy from "Overstock & Liquidators" you could buy from "Importers" (but I wouldn't recommend importing yourself unless you know something about it) A good way to begin is to either buy a book about opening a business in your state or taking a class or two at your local community college or a class online. The Small Business Administration (SBA) has a library online with all kinds of forms: http://www.sba. … brary/forms.html & a volunteer from the SMA will meet you (usually at your local library) & answer questions about starting a business.

Small Business Administration:

www.sba.gov/

Starting a business (California)

http://www.ss.c … ss/resources.htm

Starting a business (Oregon)

http://www.fili … g_a_business.htm

Starting a business (Washington)

http://access.w … iness/start.aspx

Just GOOGLE your state!

Books:

Legal Guide for Starting & Running a Small Business ($23)

http://www.amaz … 61359&sr=1-3

The Unofficial Guide to Starting a Small Business ($12)

http://www.amaz … 61359&sr=1-2

Entrepreneur's Notebook: Practical Advice for Starting ($11)

http://www.amaz … 61359&sr=1-5

An online course on how to start your own business:

http://www.myownbusiness.org/

If after hearing all of this & you still are interested,

Heres several lists to buy wholesale from:

http://www.wholesalecentral.com/

http://www.wholesaleu.com/

http://www.wholesaledir.com/

Liquidation Outlets:

http://www.whol … gory/Closeouts/1

Starting up a "DOLLAR STORE"

http://www.doll … p;tf=goldstar_ad

Related Content(article continues below)
ReplyWas this helpful?Helpful? Yes
April 2, 20070 found this helpful

You could sell on Ebay...that is pretty easy and if you are going to put the time into it, it will pay off. I started with little things I could find (clearance stuff) and sold them, then I started to stock up on things that I thought would sell. Sometimes they sold, other times they didn't. I always make sure it is something I would buy before considering selling it. Always be honest listing things and you should do OK.

What I didn't sell there I tried to sell at flea markets (locally). There are many ways to sell...as I am sure you know. I have a company that I ordered from wholsale. They never were a problem for me and I didn't have a special limit I needed to buy. I also didn't need a tax ID to order from them (which many wholesale places require). If you'd like to know the website, email me at katieandjeffy AT netscape.com and I will give you the info.

Good luck!!

ReplyWas this helpful?Helpful? Yes
Flag
April 3, 20070 found this helpful

hi well your in georgia and so am i. i have tried the whole internet thing and didn't really make a lot of money when i looked at the amount of time involved.ill tell you what has worked. i buy from china wholesalers in atlanta and sell in my store and at the local auctions and i have made money doing it. one thing i can say about auctions is if you buy it from one don't bring it back to the same one to sell it go to another one. when you buy you pay your sales tax so you don't need a tax number and when you sell the seller pays the tax so its collected by the auction. i've been doing this for 5 months and on average have made about 300.00 per week after expenses but it will take about 2 months to see a return on your initial investment as you'll have to continue to replace what you sell. i really hope this has given you some info to be able to make a more informed decision

ReplyWas this helpful?Helpful? Yes
July 16, 20070 found this helpful

Hi I was wondering if anyone had the name of the company or a website for the one in Atlanta. Also does anyone else have websites for the wholesalers?

ReplyWas this helpful?Helpful? Yes
March 26, 20110 found this helpful

I am selling on eBay but there has been quite a learning curve involved. I want to stress that you need to do some pretty thorough research before you even think of buying anything to sell. When I say "research" I mean an investigation to see what is selling well. It's not a good idea to just take a fancy to a particular product that you think would be nice to sell, or that just because you like it, everyone else will too. It just doesn't work like that.

Then you need to know who to trust when it comes to sourcing those wholesale products. There are a lot of middle-men out their who are on the lookout for beginners and they will tell you they have got the real goods at the best prices. If you don't take their word for it but check their prices against what the same items are selling for on eBay, you will quickly discover that if you had gone with them you would have been stuck with products you could never sell for a profit. You need to be realistic and understand that your profit margines might be quite low and that is why it is so important to be dealing with genuine wholesalers. Nowadays many of them will also dropship for you, but you will obviously be giving up some of your profit for this service.

If you want to take a look at the wholesaler directories I use, you can find them at:

http://www.whol … aleproducts.info

I have learned a lot from all of them.

Wishing you good luck,

Birdie

ReplyWas this helpful?Helpful? Yes
Read More Answers

0 found this helpful
March 15, 2012 Flag

Where do I go to buy discount groceries to sell in my store?

By Theresa

AnswerWas this helpful?Helpful? Yes
March 17, 20120 found this helpful

I would go to a similar type store that does not compete with your location and ask who their supplier is. It may take a few tries, but once you explain that you will not be competition somebody will usually help.

ReplyWas this helpful?Helpful? Yes
April 15, 20150 found this helpful

When I had a shop at the flea market I would take down the names on those boxes being brought in on trucks to other stores. I hit the jackpot a few times. also find out where the wholesalers are in your states and put on sneaker take a buggy and walk and shop. It worked wonders for me. I am in NY.

ReplyWas this helpful?Helpful? Yes

0 found this helpful
March 22, 2006 Flag

Question:

I am wondering if anyone knows where to find wholesale plants?

Hardiness Zone: 4b

Jim from Faribault, MN

Answer:

Jim,

Are you looking to get into the business, or just looking for a price break on buying a large quantity of plants? Here is a helpful link to nurseries in the state of Minnesota:

To purchase plants at wholesale rates, most nurseries require a tax ID number and/or a nursery license. Unless you're in the business, gardeners are not allowed to purchase plants wholesale, or there would be no one left to buy retail. Still, if you are looking for hundreds of bulbs or a large number of one type of item it might be worth checking an individual nursery's policy regarding price breaks for buying in bulk. It has been my experience that the smaller, local nurseries are more willing to negotiate price breaks.

Ellen

AnswerWas this helpful?Helpful? Yes
Flag
December 30, 20060 found this helpful

You might try your phone book under Wholesale Nursery. I found one here in Indianapolis that way. They had unique species that the big box stores didn't carry for a good price.

ReplyWas this helpful?Helpful? Yes
Flag
January 2, 20070 found this helpful

You might check this place---I think the plants are free and you only pay shipping.

http://www.freetreesandplants.com/

ReplyWas this helpful?Helpful? Yes
Flag
January 3, 20070 found this helpful

I am a master gardener with the state of Florida, and we regularly have plant sales. So try your local extension office and see if they have a master gardener program and plant sale.

ReplyWas this helpful?Helpful? Yes
Flag
January 3, 20070 found this helpful

thanks for the idea, i will make some phone calls? give me an idea of what you pay for plants? shipping? do you just order and pick up?

if i have some idea of what i am up against when make the call i will have some idea od what to ask them. get back with any other advice, ideas etc! appreciate your get back-jim.

ReplyWas this helpful?Helpful? Yes
January 4, 20070 found this helpful

try your county I live in Indiana, our county offers plants trees and ground covers at a discount and you can buy as many as you want. Conservation Dept usually call your county building they can direct you

ReplyWas this helpful?Helpful? Yes

0 found this helpful
September 14, 2010 Flag

I am wanting to start a small business. I want to buy jewelry wholesale and resale it at local bazaars and possibly in homes with groups of women. I do not know where to begin. Do I just need a tax ID or a reseller's license?

I live in Indiana and was wondering if someone else out there is doing the same thing and would be my mentor? Someone who would not mind my questions. Thank you and I look forward to the feedback.

By Pam from Lafayette, IN

AnswerWas this helpful?Helpful? Yes
September 14, 20100 found this helpful

I recently responded to someone's question about sales tax -- I think it might be helpful to you:

http://www.thri … 9136590.tip.html

I came back and posted again with some information about selling online, but I guess someone deleted it. (I don't know why.)

I went ahead and got a Tax ID number, but I didn't really need it. You'll want a license from your state tax commission (I think different states use different names for the licenses). If you're thinking about selling online, tax is handled differently. Send me a message if you're interested and I'll tell you what I know (I don't want to write all of that and have it deleted again!). Best of luck with your new business -- I wish you much success!

ReplyWas this helpful?Helpful? Yes
September 16, 20100 found this helpful

Whatever state you live in you will need a business license and maybe a wholesaler's license (I am not a retailer, but I've been with friends when they bought jewelry wholesale to resell. With the wholesale license you won't have to pay taxes twice. Call your state's Small Business office or SCORE (Service Corps of Retired Executives). SCORE may be for larger entities, but they can direct you.

P.S. If you want lower-market jewelry take a look at firemountaingems.com

ReplyWas this helpful?Helpful? Yes

0 found this helpful
January 15, 2010 Flag

Can I purchase canned goods and other products for resale in a convenience store? How would I go about this?
Also, please give me an idea on prices.

By Jacquilyn from Lacoochee, FL

AnswerWas this helpful?Helpful? Yes
January 15, 20100 found this helpful

Here on the West coast there is a chain of stores that sell wholesale foods called Cash and Carry. If you give them your tax ID then they can exempt you from sales tax. Most of the big warehouse stores like Costco are also able to exempt you from sales tax with proper documentation.

Cash and Carry - http://www.smar … e.com/index.aspx

ReplyWas this helpful?Helpful? Yes
January 20, 20100 found this helpful

I think you're saying that you'd like to purchase foods at wholesale prices, not retail prices with no sales tax. Sams or Costco might be good for certain items, but not when you are trying to stock an entire store. Especially when others can buy the same items there and not pay your mark-up (which you'll have to charge to make your enterprise feasible). I'd get the company info and phone numbers from specific food product packages, then contact those companies. A single company usually makes several products, so your search wouldn't be as broad as you'd first think. It'll still take lots of time though.

ReplyWas this helpful?Helpful? Yes

0 found this helpful
January 5, 2010 Flag

Where can I buy wholesale burlap totes so that I can monogram on them?

By Barbara from MS

AnswerWas this helpful?Helpful? Yes
January 5, 20100 found this helpful

Use Google and do the search!

ReplyWas this helpful?Helpful? Yes
January 9, 20100 found this helpful

http://www.goog … rlap+&aqi=g2

If you are hoping for info in the least amount of time, try google first. It will save you days of waiting. I wish you luck and hope this helped. PBP

ReplyWas this helpful?Helpful? Yes

0 found this helpful
August 30, 2005 Flag

I was wondering if any one knows where to buy wholesale fabric. A friend of mine is thinking of starting her own sewing shop. I live in Kentucky.

Sandy

AnswerWas this helpful?Helpful? Yes
Flag
September 2, 20050 found this helpful

One needs a "resale" number issued by your state in order to buy wholesale. In other words, one must legitimately set up as a business, with license, resale number, sale tax number, etc. Contact your local state or city/county office for requirements.

ReplyWas this helpful?Helpful? Yes
Flag
January 8, 20090 found this helpful

I need a wholesale rep in Kitsap County or nearest to Port Orchard Wa. Thanks

ReplyWas this helpful?Helpful? Yes
Categories
Business and Legal BusinessFebruary 24, 2014
Guides
Buying Craft Supplies
Purchasing Wholesale Craft Supplies
comtemperary wedding ring
Buying a Wedding Ring
Strawberry Basket
Buying Strawberry Baskets in Bulk
Wholesale Fabric Warehouse
Buying Wholesale Fabric
More
🍀
St. Patrick's Ideas!
💘
Valentine's Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
© 1997-2017 by Cumuli, Inc. All Rights Reserved. Published by . Page generated on January 13, 2017 at 1:58:23 PM on 10.0.1.204 in 20 seconds. Use of this web site constitutes acceptance of ThriftyFun's Disclaimer and Privacy Policy. If you have any problems or suggestions feel free to Contact Us.
Loading Something Awesome!