Where To Find Retail Business Supplies?

Author: Edison Santiago

You want to set up an online store because you have heard that e-commerce has a good potential to impact sales and marketing efforts immediately. You start thinking about your market, webpage designs, hosting accounts, shopping carts. But suddenly you ask. Where could I find retail business supplies and products to sell to my customers? Finding wholesale suppliers for our retail business is a very critical step in order to achieve success selling on Internet. This process of sourcing products for our retail business is generally called product sourcing, which implies locating the very best sources for products we want to sell in our webstore for a profit.

In order to get real wholesale prices, and thus sell our products with a good profit margin, we need to find real and genuine factory authorized wholesale companies who are willing to work with our business. But how do we know for sure that a specific distributor company who claims to be a real wholesalers is telling me the truth?

First, we cannot be completely sure until we verify their "credentials" as a real wholesaler. What do I mean by that? Yes, real wholesaler distributors share specific characteristics that will help you to identify the real ones from "the middlemen". For example, they don't claim guaranteed income. One thing that real wholesale suppliers don't have is that they don't make claims of guaranteed success, or claims like: if you buy from us, you will make a six figure income or claims like "Sign up with us and we handle everything! This is your road to Internet Riches!”.

Genuine wholesalers are not in the business of promoting the benefits of starting up retail business or the business of telling you what kind of business you must create where you will earn potential unlimited income figures. Their business is just serve as a authorized bridge between the manufacturer and your retail business. Generally when you search on Internet for wholesalers you will find a lot of fake wholesale suppliers making these claims. Don't listen to them, middlemen you want take your place between the real wholesaler and you retail business.

Another distinctive feature of real wholesale suppliers is that they only work with legal businesses. If you are serious about creating a successful online retail business and you want to work directly with real wholesalers, it's better that you prepare yourself and get legal. Real wholesale suppliers need that you have a business name and a sales tax Id. This is a simple required paperwork that not only will help you to look professional but will allow you enjoy the benefits of working with real and genuine factory authorized suppliers.

Why wholesalers need this paperwork? well, real wholesalers don't charge taxes to their retailer resellers, is obligation of retailers charge taxes to their customers and pay sales tax on all sales to customers in their own state. Then if a wholesaler is caught selling tax-free goods to a end customer that means that this wholesaler could have legal problems. So they need your business name and your sales tax ID as a proof they are selling only tax-free goods to a legally registered retailers. So please be aware that anyone who allows you to purchase wholesale products for resale purposes without asking you for legal business paperwork is not a real wholesaler, and is selling items at over-inflated wholesale prices, leaving you with tiny profits.

Also if you are planning to accept credit cards from your customers, then you must have a merchant account. So this is another point where having your business legally registered in your own state. In a nutshell, a merchant account is a bank account that allows your webstore to accept credit card payments and e-checks. At a specific time each day, your merchant account bank receives completed transactions of that particular day. After they perform some security checks, the bank wires the money into your business checking account.

Article Source: Where To Find Retail Business Supplies?

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