If you've been to a motorcycle event that includes vendors, you've probably seen people selling motorcycle patches. If you've talked to them, you may have discovered that they're not representing any company or business, instead, some of them may be bikers like you who do patch selling on the side. It's actually not that difficult to get started in this side business, and you can make a nice amount of extra cash from doing so. However, there are a few things you need to consider before you decide to become a biker patch reseller.
First, there are some legal hoops to jump through. Most states will want to you apply for and get a tax ID number, and you will need to either charge tax or include it in your prices. You'll also then have to make sure the state gets its tax money. The rules governing taxes vary from state to state, so you'll need to look into what's involved. If you're planning on traveling to out of state bike rallies to sell your embroidered patches, there may be some extra things you have to do since you'll be making income in a different state.
Second, you'll need some startup money. It doesn't have to be a large amount, but you will want to be sure you can purchase some of the most popular patches so you have merchandise to offer.
Another thing you'll want to do is to apply for a wholesale account with The Cheap Place. Buying wholesale patches will save you money because you get discounts for buying in bulk. This is a good way to quickly build up an inventory or to restock when you've sold out of the most popular patches.
