Thursday business tip should you buy wholesale and where to sign up

Get the price calculator mailchi.mp/682ca314afc0/price...
Thursday business tip should you buy wholesale and where to sign up
Check with your county auditors office for how to get setup with a retail license (resale/sales tax license)
Do a web search for wholesale companies for your product.

[@monicashepherd8372]

You are such a great teacher! Your approach to explaining how things work gets rid of the intimidation factor. Thank you!

[@marshaforsberg6889]

There’s so much to learn! Thank you for giving of your precious time to help us try to succeed! You’re awesome! Thank you!💕👏🏼🌹

[@craftingwithhwm]

Oh that is so kind Marsha and I want all of you to succeed and happy to help. I appreciate you watching and please remember sharing is caring. Thank you, Lori.

[@tracyclements6307]

Great advice! Thank you so much.

[@craftingwithhwm]

Thank you, Tracie, and welcome. Anytime, like and share. If you have any questions feel free to contact me. Thank you, Lori.

[@trudyleblanc]

Thank you for the advice Lori.

[@craftingwithhwm]

Hello, there Trudy you are very welcome. Thank you, like and share, Lori.

[@maddiegaudreau1798]

Hey Lori thanks for the tip love it

[@craftingwithhwm]

You are very, welcome, Nancy. Thank you, Lori.

[@susancunningham4661]

Great information to think about! Thank you!

[@craftingwithhwm]

You are very, welcome Susan. If you ever need help, feel free to ask. Like and share. Thank you, Lori.

[@janashe8600]

Thank you for this information.

[@craftingwithhwm]

Welcome and thank you, Jan. Anytime, feel free to contact me if you need any help. I’ll have the next tip next week. Don’t forget to like and share. Thank you, Lori.

[@sonjabutler1115]

Great information, thanks for sharing.

[@craftingwithhwm]

Thank you, very much, Sonja. Don't forget to like and share. Thank you, Lori.

[@marshaforsberg6889]

Thank you!👏🏼💕🌹

[@craftingwithhwm]

Hello Marsha and you are so welcome. Thank you for watching, Lori.

[@cheriemendez7588]

Thank you

[@craftingwithhwm]

Thank you Cherie

[@blancagonzales2444]

I just saw this and am so thankful that you share this kind of information! So many KZbin crafters don’t seem as interested and you are in helping others succeed but rather to showcase their crafts and make sure to tell us not to make anything similar at all or use their techniques without proper credit. I love your helping hand and encouragement. Quick question: let’s say I bought a wooden plank that retails for $15, then paint on it to sell. Would I double the retail only and that price covers the added artwork, so I’d sell it for only $30? Or add extra fee for painting on it as well? Thanks so much!

[@craftingwithhwm]

You are very welcome, Blanca. That means so much too me, yes I would double the amount I mean you are also doing the labor and you need to get paid for it. The shipping is optional to the seller you could be added to the price of the item or you could add additional shipping where the customer will pay for it on their own. You could also set the shipping to a set price and or by state and zip code weight and so on. It is a lot of factors that are in the middle. I hope this helps, thank you, don't forget to like and share. Thank you, Lori.

[@saoirsefirsttimekfc1007]

Hello Lori, my name is Raine and I have been following you for almost a year. You are the reason I have decided to make this a business. My question for you i, do you get your business license first or can you get the state sales tax license first? (I dont need a county license in the state of Michigan.)

[@JOSERodriguez-pk7tp]

Lori, When we go into retail business and sell goods, we are an agent of the state since we charge tax on items we sell and have to give that tax back to the state by filling our taxes, and I think that that is done four times a year for an ongoing retail business. This is very important and the government keeps an eye on small business because of this sales tax money that belongs to the state....Many a retail business has gotten in trouble by not giving this money back. File your business taxes accordingly.

[@craftingwithhwm]

Hello ok this is not quite correct. Income tax on business is filed quarterly for everyone but only retailers pay sales tax quarterly and absolutely both are watched very closely. That is separate from sales tax collection on handmade items. Many small businesses collect sales tax as they are selling products retail but an online-only handmade seller the rules are different. This video is about whether you should buy wholesale not how you pay taxes. I have been a CPA for 25 years and i am quite aware of what the income tax and sales tax laws are. What you are talking about is related to brick and mortar stores not online handmade products. This could confuse people who are just starting out. Quarterly sales tax is not paid by handmade sellers it is paid monthly in most states. These are two very different businesses and every state is different. There is no way to make blanket statements that apply to all states.

[@therealhousewifeofcrafting7725]

Hi Lori , I own a wine shop do I need a seperate business license to buy wholesale florals and ribbon ? TFS ❤️

[@marshaforsberg6889]

It would be great to go to your wholesaler show! I don’t think there are any near me. Do you know where we can look for wholesalers? Thank you for your help! You are so wonderful to do this for so many!👏🏼💕🙏🏼

[@craftingwithhwm]

Yes of course. You just go online and search for “Floral Wholesalers” and it will bring up all the ones in your area. I’m so happy that my videos are helping you and I want all of you to be successful. Thank you, Lori.

[@denisebishop1787]

Thank you Lori for sharing this valuable information. I live in Rockledge, Florida and would like to find some ladies that are into wreath making in my area. I need some wreath buddies! Do have any ideas how I could locate wreath makers close by? Will you be going to the Fall Crafters convention that Scott is having in Oct? I hated that I couldn't go to WML, maybe next year. Thanks again Lori, I love everything that you design! You looks awesome! Denise

[@craftingwithhwm]

Thank you, Denise, Are you in any wreath facebook groups? That is the best place to find wreath makers in your area. I am checking to see if i can go to Scott's convention. I am going to be homeschooling the boys this year so i am trying to figure it out.

[@Glamgirlwreaths]

Hello, My nane is Teri Wells, and I Make wreaths, I also have a Facebook page under the name of Glamgirlwreaths, I'm in the Jacksonville area, not sure if this is too far for us to meet up... Just putting this out there. hope to hear from you.- Teri

[@marilyncapehart663]

TFS this Information for people that have a on line business, I do not have One but it's good to know what you are telling us 8-21-18

[@craftingwithhwm]

You never know you may have one someday and it is less expensive to run an online business than a brick and mortar shop for sure. I would love to have a store but it is too hard to maintain and have a family.

[@danabrooks4489]

In NC you get it from the state, NC Dept of Revenue

[@craftingwithhwm]

Thank you, Dana, for letting everyone in NC know that it is at the state level. It is different for every state that is why you have to check for sure.

[@pazmarquez4406]

Hi Lori Thanks for the info. How do I get a price calculator? Thanks Lori.....

[@craftingwithhwm]

Hi, Paz how are you?! Thank you, I will send it here to you, it is also the last Thursday tip. Like and share, Thank you, Lori. mailchi.mp/682ca314afc0/pricecalculator

[@murieldubuisson8049]

Mississippi charges $500.00 to obtain a Sales Tax ID and you have to apply for said ID through the state, not the county.

[@craftingwithhwm]

Every state is different and some counties have sales tax as well.

[@marshaforsberg6889]

How do we get a price calculator! God bless you, Lori!💕👏🏼🌹

[@craftingwithhwm]

Hello Marsha! Here is a link to sign up for the free price calculator. mailchi.mp/682ca314afc0/pricecalculator. God bless you and thank you for watching, Lori.

[@susanmunger3327]

I can't find the price calculator app that you use lori. Please send me the link. Thanks

[@craftingwithhwm]

Thank you, Susan. It is right above where it says "show more" Thank you, very much. Don't forget to like and share, Lori. mailchi.mp/682ca314afc0/pricecalculator

[@debbieward7219]

Can I get you to tell where to go to get my retail license I live in Louisiana

[@craftingwithhwm]

Hello Debbie! For a retail license you need to go to Security of State website for Louisiana. Thank you, Lori.

[@thomasfilion9064]

I have a supplier and don't need anything to buy such as license for being a reseller, should I still get it?

[@craftingwithhwm]

Hello Thomas! Yes you still need it to pay taxes when you sell things. Thank you, Lori.

[@thomasfilion9064]

I went to the local clerk at the court house, it cost 35$ I believe. Now I believe that I need to get a LLC. Correct?

[@craftingwithhwm]

Yes you need an LLC to protect your personal assets and yes it does cost money. Lori.

[@julielee789]

I can’t catch the name of --Pottery

[@craftingwithhwm]

Simspotteryinc.com