Make money without Tax ID

Free Member
mc_online11
Posts: 2
Joined: 14 Aug 11
Karma: 
5 Sep 11 08:23:01 pm
Right now I don't really want to deal with a Tax ID; maybe down the road it's something I would consider if the profit margin is worth it. My problem is, without one there seems to be no value in any of the directory listings. Most prices are at or above RETAIL price - of course selling it makes it impossible. Anything below retail price has very little to no profit - of course those are "knock-offs."

Does anyone have any tips for non-sales tax ID people? Where to look? Etc.

Site Admin
irene_salehoo
Posts: 2578
Joined: 21 Mar 10
Karma: 
5 Sep 11 11:54:52 pm
Hi mc_online11,

The reseller license is about tax. :)

This reseller’s certificate or license will enable you to buy products wholesale without paying sales tax. You will then have to, as you are legally registered to, collect sales tax from the end consumers, or your buyers. Those without a resale certificate will have to pay sales tax on goods bought wholesale and then, also need to charge sales tax. They will then need to declare this tax paid when they file tax deductions, so clearly having one will save you from this hassle. :)

Most of the wholesalers will be requiring this sales tax ID or reseller's license before they will sell you the goods. This is because they are legally obliged to determine if you will be able to collect sales tax from your buyers. On the other hand, with the drop shipping method, you will find that many of the suppliers in our directory will not require you to have one when you do dropshipping with them.

You can get your reseller certificate/license with your state tax department, or specifically, from the state in which your business is located. For a couple of states that do not require sales tax, just let the wholesaler know and they may have a different form or requirement for you to complete.

For non US residents, you just need to provide something equivalent in your country, such as for example, ABN or GST registration in Australia.

You can actually filter the directory for those suppliers not requiring any reseller's license. After you type in the product keyword in the search box, click More Options tab, Order Requirements, tick check Tax ID not required. :)

Here are some of the suppliers that came up -
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Cheers!


Irene
Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
6 Sep 11 12:01:15 am
Hi mc_online11,

Welcome to our SaleHoo community :) Glad to have you with us!

I would just like to point out that having a Tax ID does not mean that you will get lower prices from any of the suppliers. Please note that its does not affect a suppliers price at all. But if you are serious about establishing a business on eBay or most other sites then having one is ideal :)

Also, another thing you have to remember is that most of the published prices on a wholesalers website are not necessarily the wholesale price. You see wholesale price will depend on the volume of your order so the more you order the lower the price will go down.

Hope this helps :)


Richelle

Customer Support Manager
SaleHoo Group Limited
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Free Member
mc_online11
Posts: 2
Joined: 14 Aug 11
Karma: 
6 Sep 11 01:47:28 am
Basically I am looking for a drop-shipper in particular as buying in bulk is very difficult to do at the moment. The only problem I'm seeing is the lack of profit.

Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
6 Sep 11 04:35:24 am
Hi again mc_online11

Is there anything in particular that you might in interested? Like any specific product or brand, perhaps. It would be much easier to direct you to the right dropshippers if we knew what to look for :)

Talk to you soon!


Richelle

Customer Support Manager
SaleHoo Group Limited
Sell more with your own professionally designed and search optimized e-commerce website. Check out Link hidden: Login to view now!
Free Member
liongod32
Posts: 2
Joined: 17 Oct 14
Karma: 
19 Nov 14 10:40:03 pm
I have a question I already requested a Tax ID in the state of AZ and also have my EIN now I want to sell more products and am considering starting several online stores. Do I need to have a Tax ID for every online store I start up of will the one that I registered for will suffuse .

Thank you,

Ariella

Site Admin
fudjj
Posts: 5909
Joined: 27 Jul 07
Karma: 
20 Nov 14 06:17:28 am
Hi Ariella and welcome to the forum

One Tax id should be fine, you can place all your orders through that, no matter how many online stores you have.

Cheers


Mark (fudjj)

Community Manager
SaleHoo.com

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Free Member
liongod32
Posts: 2
Joined: 17 Oct 14
Karma: 
20 Nov 14 01:49:51 pm
fudjj wrote:Hi Ariella and welcome to the forum

One Tax id should be fine, you can place all your orders through that, no matter how many online stores you have.

Cheers

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