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Bargain Basement, Shopping basics

Posted on February 18 2013

Hard Core Buyer or Casual Shopper?If you always buy large quantities of merchandise, it would be a good idea to obtain a business license and reseller's license. Some wholesalers will not sell to you without these permits.In addition, the licenses are your ticket to trade shows that are not open to the public. Here, you can find a multitude of items priced below retail. You can also get on the mailing list for major trade shows. These events sell everything from furniture to the latest fashions at wholesale prices.When applying for a business or reseller's license, make sure you understand what fees, taxes, and bureaucratic red tape are required to keep you out of trouble. Depending on the state, you may be able to get a reseller's license for free. However, you are responsible for collecting sales tax on products sold within the state. Assess the cost verse expected savings from buying wholesale to determine if it's worth the trouble to obtain licenses.To get a business license, you must be in business or 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 reseller's licenses.

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