How to Become a Wholesale Dealer

Whether starting an online business or a store front business, selling items at wholesale prices is one of the easiest businesses to start. It takes a lot of effort to begin the business end of wholesaling, but once the basics are done, the rest is easy.

Things You'll Need

• a product to sell
• business plan
• computer
• internet access

Instructions

Determine What You Will Sell

1. What type of item are you interested in selling? You need to determine if there is a market for your product. One way to determine if there is a demand for your product is to do a search on the Internet. Examine the results to determine how many other people are selling the same product.

2. Once you have determined what you will sell, you need to find a company to buy your product from. There are many companies on the Internet that purchase products from a manufacturer and then sell the product over the Internet to a wholesaler. Try to find a company in your country because shipping charges will be expensive to ship from a foreign country.

3. Check with your local county tax office to determine if you will need a business license. Licensing laws differ from state to state and county to county. If you are operating a mail order business, you will also need to check with the local post office for postal regulations.

4. Purchase your office supplies. Whether selling on-line or in a store, a computer and printer are essential to your business. Professional letterhead and business letters are an important part of every business. You will also need computer paper, envelopes, and stamps.

5. Create a business plan. Write a general purpose statement for your business. Set goals for your first year of business and include how you will accomplish those goals. Keep accurate tax records and save every receipt.

Tips & Warnings

• Keep track of every sale made Make a back-up of everything on your computer at least once a week. Keep all your receipts in a safe place. Make copies of every piece of mail you send out. Buy a good quality surge protector for your computer.

• Be sure to check the cost of shipping before you purchase your product from a company. A reputable company does not charge a fee for the privilege of purchasing their product.