Three Great Reasons to Open Your Own Gemstone Dealer Business
Business Overview:
Diamonds may be a girl’s best friend, but gemstones of all varieties can bring in such profits that you must consider starting a gemstone dealer business. As an online gemstone dealer, you will locate awesome gems and minerals from places the world over and then find prospective buyers for the gemstones. As the broker of these deals, you will earn your profits when the buyer finds his match—sometimes you’ll even get paid from both sides. One great aspect of a business idea like this is that you can do it from the comfort of your own home. In fact, this online business idea is a little known but lucrative business venture and one that enables you to do all your prospecting from your home office. Another great perk to a business like this is that you can jump in without any startup money; you never actually have to buy or own the gemstones you deal with, you can simply create the buyer-seller relationships and earn your profits. Perhaps the sweetest part of a business like this is the potential. You can earn enough money brokering gemstone sales that you can begin traveling worldwide to buy dirt-cheap gemstones of your own to sell. A business opportunity like this—an international enterprise that you run from your own home—is certainly worth examining more closely to see if it fits your entrepreneurial desires.
A Day in the Life of a Gemstone Dealer Business Owner:
Much of your initial work time will be spent learning the business and learning about gemstones themselves. You will also want to start advertising your service and seeking out potential customers on both sides of the coin—buyer and seller—in order to make your first business exchange. Your business connection will rely heavily on your computer, so you will want to ensure it’s a fast and reliable machine with high-speed internet access. You will also want to consider creating a website or at least you will want to check your email very frequently to establish and maintain your business contacts. When you’ve made a sale and when business takes off, you will need to review your finances regularly. In no time, you might consider making this your full-time business.
About Your Customers:
Your customers will be internationally-based computer users who are either seeking to sell a gemstone or acquire a gemstone for personal or business use. Your job is to ensure both get what they’re looking for and the transaction is seamless—that’s how you make your money in this business. Often your next potential customer will have heard about you from a satisfied customer.
What You Need to Start:
- A computer with high-speed internet access
- Business insurance
- A website (if desired)
- A primer on gemstone types and on the business itself
The Good:
- You can work entirely from your home.
- The initial startup investment can minimal.
- You can make a global name for your business.
The Bad:
- Learning the business might take time.
- Your first sale might not happen immediately.
Resources:
- International Colored Gemstone Association
- American Gem Trade Association
- Gemological Institute of America
- Wikipedia on Gemstones
About The Author
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