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Money and Finances
Reply to "Anyone buy things specifically for reselling them?"
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[quote=Anonymous]And in normal life, many, many people do this all the time. Every time I go to the warehouse club, I see people who are clearly buying supplies/snacks/etc for businesses. There are tons of small businesses who resell those individually packages snacks and drinks. So independent convenience stores, or gas stations or hair salons, etc, which have snacks and such out for $1 or something like that buy them at warehouse clubs. I've seen people who stock up on those shopping bags and when special events at convention centers or festivals are going on, they sell them to people going in. Or have umbrellas and rain ponchos for people coming out into the rain. In fact, if you are a legitimate business for resell, you can get a tax-exempt card so that you don't pay taxes when you buy items you plan to resell. You will charge your customers tax when they buy it from you. You're pretty sheltered if you don't know that this happens all the time, every day, all around our area.[/quote]
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