How to Buy Collectible Miniatures Wholesale
Buying collectible miniatures at wholesale prices requires becoming a legally recognized reseller. Some miniature manufacturers require you to have a physical store front, while others will allow you to sell online or through other channels.
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Things You'll Need
- Business tax ID number
- Resale certificate
- Banking information
- Credit references
Instructions
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Obtain a tax identification number
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People collect all sorts of different miniatures. Since individuals cannot buy miniatures wholesale, you must incorporate as a business and obtain a federal tax identification number. There are a number of online services that will help with this or it can be done by a lawyer. Fees for incorporating vary by state.
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Use your newly acquired tax identification number to set up a bank account in the name of your business.
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Obtain a resale certificate from your state. A resale certificate is the proof required by the manufacturer that you are legally allowed to buy items for resale. Without a resale certificate, you will have to pay sales tax on any items you buy and you will not be offered wholesale prices.
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If you seek to buy with credit terms, i.e. being billed and not paying up front, you will need to create a sheet with credit references.
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Contact the manufacturers who make the product you wish to buy. Some will sell to you directly (provided you have completed the steps above) and others will direct you to a distributor which handles sales of their products.
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Place an order for the miniatures you wish to buy.
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Tips & Warnings
Be aware that some companies will require pictures of your storefront or a Web address for your store.
Minimum orders may be required.
Some companies have strict policies as to how you may price their items for sale.
Many manufacturers also enforce a lowest advertised price, meaning that you can sell for less, but you cannot promote the lower price in an advertisement or on a Web site.
References
- Photo Credit miniature 1 image by Robert Molnar from Fotolia.com miniature hippopotamus image by Victor M. from Fotolia.com
