So many products today have a razor-thin profit margin for business owners and therefore must be sold in high volume in order to meet expenses. Clothing is one of the few products a business owner can buy at low prices from wholesalers mark-up significantly, and still offer customers a fair and competitive price. If you take some basic steps, you will be able to buy from clothing wholesalers.
Instructions
1. Go to your state department of taxation and revenue and request a resale tax ID #. This number will identify you as a business taxpayer and allow you to buy items that will be resold without paying sales tax. All reputable clothing wholesalers will ask you for this number when you apply for an account.
2. Take your new tax ID # with you to the city department that issues business licenses and get one for your business. Not only is this the law, but also many wholesalers will ask to see a copy.
3. Apply for a federal tax ID #, known as an EIN, or employer identification number. Some also refer to it as the taxpayer identification number. This too is required by law and requested by vendors. It is a simple online process. The Internal Revenue Service (IRS) website address is provided in the Resources section.
4. Locate companies that are wholesale vendors of clothing. Two of the major companies that carry most of the major brands and have warehouses all across the United States are the San Mar corporation and Broder Brothers. There are many other regional companies that will sell to you, but be aware of the shipping costs from warehouses that are located far from you.
5. Gather all the above materials, have the numbers handy and apply for accounts with the wholesale vendors of your choosing. Most vendors now have applications that can be done online, but in many cases you will still have to mail or fax in copies of your business license and other documentation. The new customer application Web page address for San Mar is located in the Resources section.
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