How Do You Become A Wholesale Bead Supplier?
The wholesale bead industry supplies businesses with beads at below-retail prices. This is done by establishing buy rates directly with bead manufacturers. Becoming a wholesale bead supplier involves more work than simply purchasing beads and renting out warehouse space. Success in the industry is a product of careful planning and marketing strategies. Strong negotiation skills are needed since your business has to deal with bead manufacturers and bead buyers. Step 1 Apply for an Employer Identification Number (EIN). This number serves as your credential in the wholesale industry. Most bead manufacturers and dealers ask for this number prior to completing any business dealings. This nine-digit number is issued by the IRS and is required for any business that reports employment tax. The IRS uses this number to track various business activities including income tax reporting and paying. Apply for an EIN online or by phone. Keep a copy of the EIN that will be provided after completion of
