Wholesale Myth: Do I Need A Business License Or Tax ID?
Author: Joaquin Reveron.
One of the myths that are still prevailing in the wholesale business is the
business license and tax I.D need in order to achieve wholesale success. It is a
big mistake to get such an opinion as a fact and then making such message viral
all across the Internet.
First of all getting a business license I.D is
truly necessary is a true necessary step to make when you plan to incorporate
your wholesale or reselling business. In my advance wholesale business opinion,
it is important to get a business license if you plan to sell one hundred
thousand dollars a month in sales from a retail, wholesale or reselling
business. However, there is no need to get a business license when there are
many wholesalers and distributors that can cut you deals for wholesale
merchandise in single or in bulk amounts legally.
There are different
laws that regulate the reselling and wholesale business in many states in the
USA, however, that is not an implication that you need a business license to
sell wholesale merchandise.
For example: MaxamWholesale is a wholesaler,
such wholesale giant has been around for decades and they don’t require you to
have a business license or tax id in order to resell there wholesale
merchandise.
Most of the wholesalers that have a website require you to
enter a tax identification number, business license or both. One of the
techniques I use to eliminate this kind of hassles to immediately establish a
business relationship with them is to call them directly at the phone given in
their website.
I then immediately notify the wholesaler that I am highly
interest in knowing the wholesale prices of such products they have in their
catalog in order to have an instant buying conclusion for making business with
them today.
More than 90% of the time they will send you their wholesale
catalog through the mail or they will give you a username and password to access
the prices in their site for immediate business. Once you have access such site
and notify your objective with them, you can start buying directly from the
wholesaler or distributor online and by phone without owning a business license
or tax identification number.
What happens if they reject your catalog
request? Simple, you should always have a backup plan in case such rare decision
is taken upon you. So you notify them and confirm them your social security
without them having to ask for it. This will show your enthusiasm from you for
their business and will open you dorrs must of the time. Previously, I have used
such technique and succeeded twice. Offer it in case your first plan does not
work. Expect to receive more positive acceptance than rejections.
In
conclusion, needing a business license for a start up wholesale business that
does not exceed one hundred thousand dollars a year in sales, is a myth.
Starting cold calling every wholesaler and distributor you think will be
profitable and of use for you, and start getting results
instantly.
Joaquin Reveron is a wholesale business consultant for many
rising small businesses and marketing advisor for online and offline wholesale
deals. A Wholesale List is one of the topics being discussed at
http://www.videogamesmystery.com .