Wholesale & eBay Forum Importing & Customs Is it worth getting a tax ID?

Is it worth getting a tax ID?


allcomcb
Full Member
  • Posts: 26
  • Joined: 11 Apr 07
  • Karma:
24 Apr 07 10:36:26 pm
I am new to wholesaling and I dont see much of a profit margin on some of these sites that dont require a tax id/reseller cert. The problem is how am i suppose to know how much items will cost me on the sites that do require a tax id? I dont want to go thru the process of getting these and realize it was a complete waste of time. Will companies like DBL or myworldphone.com give me prices over the phone if I tell them how much I will be spending? Or does anyone know if these companies have a decent profit margin when buying in bulk? Mainly cell phones and ipods. Any info is greatly appreciated.


jimmy_huber
Free Member
  • Posts: 2867
  • Joined: 11 Mar 10
  • Karma:
29 Apr 07 04:00:36 am
The solution to your question is that you must get a tax id If you want the best discounts. Now there are some companies that say they want a tax id and then you find out that thier prices are total crap..

Companies like DBL and Myworldphone are larger companies and are serious only to resellers of thier products. They discount thier products according to who they are selling to. If you are a reseller you will get bigger discounts and better savings. If you are just an average person trying to buy thier items they will charge you more.

The truth of the matter is if you want to buy items inside the usa and at real wholesale prices with no middleman markup, you must have a valid tax id.


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allcomcb
Full Member
  • Posts: 26
  • Joined: 11 Apr 07
  • Karma:
29 Apr 07 08:30:07 pm
Thats kinda what I figured. Well I just needed the confirmation so on the phone I go with the irs. Thanks for the info.


 

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