Hello jkbentley,
You can purchase your sewing materials at a wholesale price if you purchase them in bulk. This will help increase your profit margin since you are buying materials at a discounted price. However, you would want to make sure that you have potential buyers to purchase your end products. If you do not, then you may end up having materials that will not likely be utilized for your business.
I have attached an article that you can refer to regarding “A Small Business Guide to Buying Wholesale.”
https://www.fool.com/the-ascent/small-business/pos/articles/wholesale/
As for the EIN, the benefits of having one includes the following:
- Easier tax filing.
- Establishing a business credit.
- Helps with hiring employees.
Please let me know if this answers your questions, or if I can be of further assistance.
Thank you!
Shirleyh88
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