Thursday, February 04, 2010

Wholsale Account information

Several times a day I receive requests for information about opening a wholesale account. I do have two levels of wholesale accounts which are based on quantity. Our wholesale discounts are extended to bona fide businesses who have a tax id number and who can commit to a minimum order of ten pounds. That is the regular wholesale account and the minimum weight of ten pounds applies to each order.

For larger wholesalers, we have the Power Buyer level where the minimum weight per order is one hundred pounds.

I have several times written about how important it is for a bona fide business to get and use a federal tax id number. The EIN (as it is called) does not affect taxes in any way, even if you operate as a sole proprietorship. What it does is two important things: 1) A Federal tax identification number gives you immediate credibility with suppliers. 2) It avoids spreading around your Social Security Number. Please do take the time to visit and spend five minutes to get a free Federal tax number, and STOP handing out yoru Social Security number. Very important. Please.

When people write to me, asking if we offer discounts, I send them a general information letter. Today I am going to copy it into this blog entry, and it may answer a few questions. Here we go ...

"The basic requirements to open a wholesale account are:
1. Business Name and Tax ID number (from
2. Minimjm 10 pound total order weight for each order
Bona fide businesses only. No co-op groups.

To qualify for Wool2Dye4, Inc.'s wholesale discount, there is a minimum weight of ten pounds (of yarn and/or spinning fiber) per order on each wholesale order. The ten pounds may be spread among different yarns and fibers, but the total weight must reach ten pounds. We do not work with co-ops or groups sharing the professional discount. The professional discount we extend is intended solely for the use of an individual or corporation, and is not authorized to be shared with others, or used to create a co-op buying group.

Many people start off with a dye business thinking that a tax id number is something they'll get 'later,' but I advise folks to get it early in the business life. Check with an accountant for help in answering this question if you do not currently have a tax identification number.

When you decide to move forward, just register on teh home page of's website. Be sure to fill in the busienss name and tax id number. These two fields trigger the program to alert me that a business has applied, and then I must approve or decline each application individually. Once approved, I will send you a confirming eMail, and when you log on the next time, you will be taken inside the wholesale area of the website. There are some different presentations of the yarns, and occasionally some different yarns are offered to wholesalers only. Usually, there will be a notice in the headder of the wholesale site when you log on. I also may send an eMail about new yarns to wholesalers.

(I attach a general overview of prices to this note.) Thank you for your interest in our exclusive lineof merino yarns from South America, and in the Bluefaced Leicester yarns which are genuine British Wool yarns. We are always adding new yarns and following trends in the industry. Announcements of new yarns and of stock arrivals are sent out monthly in a newsletter directed to wholesale customers only. Wool2Dye4 is honored to be licensed by the British Wool Marketing Board to sell British Wool, including Bluefaced Leicester, in the States.

I hope you will fit some of our lovely yarns into your new line of handdyes as your own business grows. I look forward to hearing from you soon.

No comments: