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Thread: What can I do with an ABN?

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    Senior Member Globe's Avatar
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    Default What can I do with an ABN?

    OK so I'm selling plenty of stuff on ebay, and I'm thinking about getting an ABN, just so I can develop a relationship with certain wholesale suppliers.

    So can I......

    Buy groceries at wholesale prices? Such as Campbells Cash & Carry.
    Buy Wholesale software?
    Buy Wholesale electronic goods?
    etc?

    Any other suggestions?

    Thanks,
    Globe



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    Pay lots of tax
    When you do things right, people won't be sure that you have done anything at all

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    Senior Member z80's Avatar
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    You can instantly get a 10% discount on everything the business buys.
    The GST is fully refundable.

    But when you sell you pay the GST on the marked up price, so the theory is they get more than they give.

    But we all know better....

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    Senior Member Globe's Avatar
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    Quote Originally Posted by best4less View Post
    Pay lots of tax

    I don't mind paying lots of tax, it means I'm making lots of money.


    Quote Originally Posted by z80
    You can instantly get a 10% discount on everything the business buys.
    The GST is fully refundable.

    But when you sell you pay the GST on the marked up price, so the theory is they get more than they give.

    But we all know better....
    I'm not sure I turn over enough to be a Tax Collector for the government.


    Globe

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    To get your trade prices as they used to be called you don't
    need a ABN you need to have friends, evreywhwere
    When you do things right, people won't be sure that you have done anything at all

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    Senior Member z80's Avatar
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    If you advertise your business...the wholesalers' cold call team will ferrett you out.

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    Default

    So whats the number we can try it out for ya.

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    Quote Originally Posted by Globe View Post
    I don't mind paying lots of tax, it means I'm making lots of money.Globe
    You should get yourself on the motivational speaker's circuit saying stuff like that..
    Quote Originally Posted by z80 View Post
    If you advertise your business...the wholesalers' cold call team will ferrett you out.
    You got that in one.

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    Senior Member z80's Avatar
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    Quote Originally Posted by jmc96 View Post
    You got that in one.

    Gotta help the kids make their first million, it's the hardest.

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    You can deal with people that only sell to trade as well. You can get 10 to 30% off. Pedders used to offer substaial savings if you walked in there with a company PO and greasy jeans.

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