How to Start a Wholesale Purse Business
A wholesale purse business is a highly lucrative venture. Depending on the name brands and/or designers of these purses you could earn upwards of several thousand dollars. With the added bonus of ensuring that your business offers these purses at wholesale prices you could also become a distributor and sell to retailers.
- Obtain a business license from your local licensing board in your county of residence. You should also select a name under which your wholesale purse business will operate. Pay the required fees when you submit your application for this business license to this agency.
- Obtain a resale and/or wholesalers license from your state's office of the Internal Revenue Service. You are required to pay fees for this license and file an application.
- File for a tax ID with the federal office of the Internal Revenue Service. This tax ID is required according to federal laws whenever you are charging sales tax and required for businesses filing federal tax returns.
- Secure a location at which you will store your inventory. You should contact a real estate agent to help you locate this property. This agent will aid you in the entire process of purchasing and/or renting the property according to the seller or landlord's instructions for its listing.
- Order your inventory from suppliers you trust. Search MerchantCircle for wholesale purse suppliers in your local area. Type "wholesale purse suppliers" into the search box at the far left and then type your city and state into the search box at the far right after "IN." Hit ENTER. Review the websites of all prospective suppliers.
- Hire a professional web designer to create a website from which you will sell your wholesale purses.