You're definitely going to want to get some microfiber towels. Use those, along with good quality foam applicators for your paint cleaner, polish, and wax. You can get the applicators at an Autozone. I recommend the Viking brand microfiber towels which are locally available at K-mart. The yellow drying and green detailing are excellent. The yellow polishing is also very good. A paint sealant is a another option as an LSP (last step product). Instead of using wax, you would put on a sealant which is generally a synthetic formula that lasts longer than normal carnauba-based waxes. However, the shine may not be as deep and glossy for you. I HIGHLY suggest you read the Autopia Guide to Detailing... beginning to end. It taught me all the basics about detailing.
Also, before you get this business going, make sure you practice, practice, practice. And it may also help to buy a machine dual action (DA) polisher such as the Porter Cable 7424 or the Ultimate Detailing Machine. These machines allow you to polish, wax, and buff much faster than by hand. With some practice, you can correct paint imperfections like scratches and swirls. It's also easy to use and as long as you are fairly careful, difficult to mess up your paint. It's a great investment.
Hope that helps!