Buying wholesale involves purchasing products in bulk directly from manufacturers or distributors at a discounted rate—typically 40–55% below retail—with the intent to sell them to end-consumers for a profit. To succeed, you must move from being a casual buyer to a legitimate business entity recognized by both the government and suppliers. 1. Legal and Administrative Foundations
Before approaching wholesalers, you must establish your business's legal standing to qualify for wholesale pricing and tax exemptions. Wholesale sales tax, explained - TaxJar how to buy wholesale items for resale